Loans to beneficiaries

INFONAVIT Credits

INFONAVIT has three ways to support their dependents: mortgage, credit co-financing and support INFONAVIT.

Mortgage credit: INFONAVIT has a table that combines worker's age, years of work and income expressed in minimum wages. Based on these data, this chart defines how much the maximum credit available to a title.
The sum of all the factors are expressed in points and the number of salary he is entitled to credit.

The maximum credit amount is equivalent to 180 INFONAVIT minimum monthly wage in Mexico City.

Cofinancing: A mixed credit that combines the credit terms of an intermediary such as a Sofol or a bank, the terms of INFONAVIT (housing sub-account). Normally the ratio is 25% and 75% INFONAVIT the intermediary.
At the end there is an interest rate that may be smaller than a credit market conditions. The payment can be lower than in other receivables and the maximum value of the house you can buy is 485 thousand dollars if the credit is the Federal District and 380 thousand dollars for the rest of the country.
The housing account is used for down payment and future contributions are applied to the capital.

INFONAVIT Support: It is a credit market conditions, it is guaranteed INFONAVIT for the equivalent of 12 months of nonpayment to credit and payment of future contributions to the housing account.
Credits can have the characteristics of IDUs or credits in pesos. The advantage of these loans is that future contributions to the housing account are applied to credit, reducing its term or the monthly payment.

Loans to beneficiaries FOVISSSTE

Credits for workers who are listed on the ISSSTE and the maximum credit amount is equivalent to 341 minimum monthly wage in Mexico City. Normally finances up to the full value of the house within 30 years.

Government agencies in Mexico that offer mortgage loans

Institute National Housing Fund for Workers (INFONAVIT)
www.infonavit.gob.mx.

Fund for Public Housing Authority (FOVISSSTE)
www.fovissste.gob.mx

National Trust Fund for Popular Rooms (FONHAPO)
www.fonhapo.gob.mx