Sociedad Hipotecaria Federal: Who Qualifies and What You Get
Learn how Sociedad Hipotecaria Federal provides mortgage guarantees to help developers and individuals secure housing finance in Mexico.
Sociedad Hipotecaria Federal is a government-backed institution that provides guarantees for mortgage loans to support the housing market.
Who it's for
This scheme is designed for housing developers looking for financing and individuals who are seeking mortgage loans to buy or improve a home.
What you get
You gain access to mortgage guarantees. These guarantees help provide the necessary financial backing to make mortgage loans possible for borrowers.
What it costs you
There is no direct cost mentioned for the scheme itself, but you typically access these benefits through a commercial bank rather than through the government agency directly.
The catch to know
It is a second-tier bank. This means you cannot apply to them directly for a loan; instead, you must work through your regular commercial bank to access their mortgage guarantees.
How to apply
- Contact your local commercial bank to discuss your mortgage needs.
- Inquire about mortgage products backed by federal guarantees.
- Complete the application process required by your chosen bank.
- Visit the official portal for more information: https://www.gob.mx/shf