How to Get a Home Loan Through INFONAVIT in Mexico (Step-by-Step Guide)

INFONAVIT (Instituto del Fondo Nacional de la Vivienda para los Trabajadores) is a Mexican government-backed program that provides affordable mortgages to salaried workers. Here’s how to apply:

📌 Step 1: Check Your Eligibility

✅ Requirements:

• Be a formal worker (with an employer registered in IMSS).
• Have a minimum of 116 weeks (≈2.2 years) of contributions.
• Not own another property financed by INFONAVIT.
• Have no active INFONAVIT debt.

🔹 How to Check:

• Visit INFONAVIT’s official website and log in with your CLAVE ÚNICA DE REGISTRO DE POBLACIÓN (CURP).
• Use the “Mi Cuenta INFONAVIT” portal to see your points score (puntaje) and credit amount.

📌 Step 2: Improve Your “Puntaje” (Credit Score)

INFONAVIT assigns a score (0–1,200+ points) based on:
✔ Weeks contributed (more = better).
✔ Salary level (higher income = higher loan amount).
✔ Age (younger applicants get better terms).
✔ Savings in your Subaccount (Subcuenta de Vivienda).

💡 Tips to Increase Your Score:

• Make voluntary savings into your INFONAVIT account.
• Avoid changing jobs frequently (stable employment helps).
• Pay off existing debts (if any).

📌 Step 3: Choose a Property Within INFONAVIT’s Price Range

• INFONAVIT loans cover low- to mid-income housing (usually 400K–400K–2.5M MXN, depending on location).
• The property must be registered with INFONAVIT (check their property search tool).
• New & used homes are eligible, but they must meet INFONAVIT’s standards.

📌 Step 4: Apply for the Loan

📋 Required Documents:

• Official ID (INE, passport).
• Proof of address (no older than 3 months).
• CURP.
• Recent pay stubs & employer proof.
• Property details (if already selected).

📍 Application Options:
1️⃣ Online: Via Mi Cuenta INFONAVIT.
2️⃣ In-Person: At an INFONAVIT office or authorized bank.
3️⃣ Through a Real Estate Developer (if buying a new home).

📌 Step 5: Loan Approval & Signing

• INFONAVIT will evaluate your application (takes ~15–30 days).
• If approved, you’ll receive:
  • Loan amount (based on your score).
  • Interest rate (fixed, typically 8%–12%).
  • Payment term (up to 30 years).
• Sign the mortgage deed (escritura) before a notary public.

📌 Step 6: Property Transfer & Mortgage Payments

• The loan is disbursed to the seller or developer.
• You’ll start making monthly payments (automatically deducted from your salary).
• Insurance (life & home) is included in payments.

⚠️ Important Considerations:

✔ Down Payment: Usually 10%–20%, but can vary.
✔ Co-signer (Aval): Sometimes required if your score is low.
✔ Foreign Workers: Must have legal residency & Mexican salary.
✔ Early Payoff: Possible with penalties in some cases.

🔗 Useful Links:

• INFONAVIT Official Site
• Check Your Points (Puntaje)
• Find INFONAVIT-Approved Homes

Would you like help calculating your possible loan amount or interest rate? 😊

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