INFONAVIT Savings: Who Qualifies and What You Get
Learn how employer contributions build savings for a housing loan and how independent workers can access these benefits.
This scheme allows workers to build up savings through employer contributions to qualify for a housing loan.
Who it's for
This scheme is designed for workers who have active employer contributions being made on their behalf. To qualify for the benefits, you must have a history of these contributions being deposited by your employer to your account.
What you get
The primary benefit of this scheme is housing loan eligibility. The money accumulated through these contributions serves as the basis for your ability to secure financing, which can be used to acquire a home or manage housing-related needs.
What it costs you
There is no direct fee to participate in the scheme, but your eligibility is determined by a points system. This system, known as Puntos Infonavit, uses specific factors to determine how much you qualify for. You should check the official guidelines to see how your personal circumstances impact your total points.
The catch to know
The most important detail to understand is the distinction between traditional employees and freelancers. If you work as a freelancer or an independent worker, you do not automatically receive these contributions from a boss. To build up these savings and qualify for the housing loan benefits, you must make the payments voluntarily.
How to apply
- Review your current savings balance through the official channels.
- Confirm that your employer is correctly depositing the required contributions to your account.
- If you are a freelancer, set up voluntary contributions to ensure you are building towards your goal.
- Check your current points status to see if you meet the requirements for a loan.
- Follow the official guidance provided by the agency to submit a formal application for a housing loan.