The Institute of the National Fund for Housing for Workers (Infonavit), offers a credit to beneficiaries who do not exceed 10 thousand 625 pesos in income, the scheme is designed for Mexicans who cannot access a loan due to their salary or for those who earn a low fixed salary with tips or commissions.

Infonavit mentioned in its statement that the interest rate will be fixed and will not be modified during payment. If the beneficiary earns less than seven thousand 628 pesos per month, he will be exempt from paying titling expenses and there will be no penalties for advance payments or in the event that the credit can be settled beforehand.

In addition, two people who seek to apply for a loan can be joined, using the different conjugal programs that are offered. However, it will be necessary for both quotes for the Tax Administration Service (SAT).

Check here: Projections for the housing sector in 2022

The Cofinavit is based on two credits, one that is granted by the institute and the other by a financial entity, being able to obtain a loan of up to 45 thousand 880 pesos, depending on each person and their ability to pay.

It is important to mention that because the procedure is carried out with a financial institution, the amount of the credit may increase, while the resources may be used to pay the deed, the down payment, buy a new home or another with a higher price.

Infonavit will study and determine the amount of credit to be granted, for beneficiaries who have a formal and current job with which they are listed in Infonavit, with a salary of less than 10 thousand pesos, and have accumulated at least 1080 points on par with Obtain credit approval from the financial institution. Applies to those over 25 years of age who have three consecutive bimonthly periods of contribution to Infonavit.

Of interest: Steps to obtain an inclusive home from the CDMX program

By not exceeding the monthly salary of 10 thousand 625.35 pesos, an irrevocable instruction letter must be signed and an electronic appraisal and technical report on the quality of the home to be acquired must be signed, not older than six months.

Additionally, a copy of the property title of the house or apartment to be acquired must be presented, not having previously had an Infonavit credit and taking the online course "Know more to decide better" that appears on the My Infonavit account platform.

In Solili you can consult available departments in Obrera y Doctores

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