2024-01-03 22:59:44
Mexico
Combine your Infonavit credit with a bank credit so you can have a larger amount and buy the house of your dreams
Mexico.- If in 2024 one of your goals is to buy a house, here we tell you a way in which you can use your credit from the Institute of the National Fund for Housing for Workers (Infonavit) and unite it with a banking institution so that it reaches you.
The value of housing in Mexico has increased considerably and many workers who earn the minimum can hardly afford to get a house that meets their needs.
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If this is your case, you can access greater credit through Cofinavit, it is a co-financing scheme, this means that it is a set of resources available for the sum of your Infonavit loan and that of a financial institution.
These are two different credits, one is the one granted by Infonavit, which you pay with your salary via payroll, and the other is granted by a bank or a Limited Purpose Financial Company or a Multiple Purpose Financial Company, and is paid according to the conditions that you agree directly with them.
This credit is ideal when the house you want to buy exceeds the value of what Infonavit could grant you through the Infonavit credit.
The first step is to prequalify yourself in My Infonavit Account to know if you meet the required score of 1,080 points. If so, you must begin your application directly with the financial institution you have chosen, that is, start the process of your bank credit
Characteristics of the Cofinavit credit
You can use this financing to purchase a new or existing home. Under this modality, at Infonavit we lend you up to one million 024 thousand 951.20 pesos, the amount depends on your payment capacity. The annual interest rate of our credit will be 10.45% for all salary levels, since the amount of income is not considered here. If you earn less than $8,830.35 pesos per month, you are exempt from paying the degree costs. Your monthly payment is established according to your salary. The sum of your age plus the term of your credit must not exceed 70 years. You can always make early payments and pay off your credit without penalties. You can unite your credit with your spouse, as long as they contribute to Infonavit and also meet the requirements. The employer contributions will be paid to the capital of your loan and this way you will be able to pay off in less time.
We recommend: Regularize yourself on the SAT! This way you can make an appointment for in-person procedures
Requirements to request a loan through Cofinavit
The requirements to request a loan in the Cofinavit modality apply in other cases, so we remind you of the essential elements to request a loan at Infonavit.
Have a current formal job and contribute to Infonavit. Count on 1,080 points. Obtain credit approval from the financial institution. Sign the irrevocable letter of instruction. Have an electronic appraisal and technical quality opinion of the home to be acquired no older than 6 months. Copy of the property title of the house or apartment to be acquired. Not having had an Infonavit credit before. Take the Learn More to Decide Better online course from My Infonavit Account. Prove the marriage, only if you choose the marital scheme.
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