What is Creditorreno?
It is a type of credit offered by the Institute of the National Housing Fund for Workers to acquire land for housing. It is a mortgage model loan in which the land remains as collateral, explains Inmuelbes24 in a statement.
According to the Survey of credit and housing needs carried out by Infonavit in the fourth quarter of 2022, 56% of the participants said they were interested in buying a piece of land, a lower percentage than the 63% of the previous quarter.
You can use the credit to buy a single full piece of land or one that has a partial construction, highlighted Inmuebles24.
Buying a house or land, “requires organization in our personal finances, and that you review what are the amounts of the loan that you can access; the term of the credit, as well as the interest that is generated. In the end, the objective is have the home we dream of,” said Alejandro García del Río, Commercial Director of Inmuebles24, in a statement.
What I need?
Before requesting the credit, it is necessary to requalify yourself in My Infonavit Account to find out if you already have the necessary points, as well as to demonstrate that the land is ready to have services. Eye! No payment slip is required, Infonavit explained in a statement.
To liquidate the credit you have from five to 15 years, as long as the term plus your age is not greater than 70 years, Infonavit stressed.
The requirements for Crediterreno, explains Inmuebles24, are: Contribute to the IMSS, have a current employment contract, authorize the consultation of the credit bureau, have an Afore and a housing sub-account; in addition to not having any current Infonavit credit.
You also have to follow the following steps:
• Enter My Infonavit Account
• Identify the amount of your credit in the option “Process my credit> Prequalification and points”.
• Take the course “Know more to decide better”.
• Select the appraiser who will carry out the appraisal and the technical opinion of the land you chose.
• Integrate the file with the requested documents and fill out the credit application.
• Register your credit at your nearest Infonavit Service Center (CESI).