Housing Credit Institute: Who Qualifies and What You Get
Learn how formal employees in Mexico can access low-interest mortgage loans through the Housing Credit Institute.
The Housing Credit Institute provides a way for workers to secure mortgage loans to purchase or improve their homes.
Who it's for
This scheme is available to formal employees. To qualify, you must be working in a formal capacity and have active IMSS contributions being made on your behalf.
What you get
The main benefit is access to low-interest mortgage loans, known locally as Crédito de vivienda. This program is designed to make home ownership more accessible through these specialized housing credit options.
What it costs you
To access this benefit, you must have accumulated a certain amount of points, referred to as Puntos Infonavit. These points are based on your employment and contribution history.
The catch to know
It is important to be careful when comparing your options. The interest rates provided through this institute can be higher than those offered by private banks if you do not carefully review the terms.
How to apply
- Check your employment status to ensure you have active IMSS contributions.
- Verify your current standing regarding your accumulated points.
- Visit the official portal to explore the available mortgage options: https://portalmx.infonavit.org.mx