INFONAVIT - Clomid

What is INFONAVIT?

Certainly, the INFONAVIT (Instituto del Fondo Nacional de la Vivienda para los Trabajadores) is a Mexican public institution that offers housing financing for formal workers.

In addition, the institute also has the role of managing the housing fund accumulated throughout the workers' professional lives.

Therefore, throughout their career, workers registered with the Mexican Social Security Institute (IMSS) accumulate a balance in INFONAVIT, which can be used to apply for credit and finance the purchase of a property.

How does INFONAVIT work?

In principle, the operation of INFONAVIT is based on the accumulation of a housing balance, formed by contributions made by employers.
This way, the balance can be used for different types of credit, such as:

Purchase of new or used property.
Construction on own land.
Renovation or expansion of a property.
Payment of mortgages at other financial institutions.

Furthermore, INFONAVIT credits have lower interest rates and flexible deadlines, making it a more accessible option for workers.

Who is entitled to INFONAVIT Credit?

Certainly, any worker registered in the IMSS is entitled to an INFONAVIT credit.
However, to apply for financing, the worker must meet some basic criteria, such as:

Have one active account at INFONAVIT.
Accumulate enough points in the INFONAVIT system.
Be formally employed at the time of request.
Not have any other active debt with INFONAVIT.

Therefore, the longer the service time and the accumulated balance in the fund, the greater the chances of getting credit with better conditions.

How do I know how many points I have in INFONAVIT?

Initially, INFONAVIT uses a scoring system to determine whether a worker is eligible to apply for credit.
Thus, points are calculated based on factors such as:

Salary registered with IMSS.
Length of service and contributions to INFONAVIT.
Balance accumulated in the INFONAVIT account.
Age and employment history.

Therefore, to check your score, simply access the official INFONAVIT website and use the tool points consultation.

What Types of Credit Are Available at INFONAVIT?

Of course, INFONAVIT offers different types of credit, allowing workers to choose the option that best meets their housing needs.
The main types of financing are:

1. INFONAVIT Traditional Credit

Initially, this is the most common credit and allows workers to use their balance to buy a new or used property.
In addition, the installments are discounted directly from the payroll.

2. Cofinavit

However, this modality is intended for workers who wish to combine an INFONAVIT loan with bank financing, allowing access to higher values for purchasing the property.

3. Mejoravit Credit

On the other hand, this option is aimed at those who want renovate, expand or improve your home, without the need to buy a new property.

4. ConstruYo Credit

Certainly, this modality is ideal for workers who already own land and want to build your house from scratch.

5. Let's Join Credits

Additionally, this option allows two workers combine your credits to obtain a higher value and purchase a property together.

Therefore, by analyzing the available options, workers can choose the credit that best suits their needs.

What are the INFONAVIT interest rates?

Certainly, one of the main advantages of INFONAVIT is the reduced interest rates.
However, interest rates vary depending on the worker's salary and the type of credit chosen.

Currently, rates vary between 1,91% and 10,45% per year, being lower than those offered by banks and private institutions.

Furthermore, the installments are adjusted according to the worker's salary, avoiding excessively compromising monthly income.

Step by Step to Request INFONAVIT Credit

To start with, to apply for a loan from INFONAVIT, workers must follow a few simple steps:

Check INFONAVIT points on the official website.
Choose the type of credit best suited to your needs.
Take the “Knowledge to Decide” course, a mandatory requirement for the application.
Gather the necessary documentation, such as ID, CPF and proof of income.
Simulate credit to check values and conditions.
Start the application process directly on the INFONAVIT portal or with an authorized consultant.

Thus, after credit approval, the worker can use the resources to purchase, renovate or build the desired property.

Tips for Maximizing the Benefits of INFONAVIT

To make the most of the benefits of INFONAVIT, workers can follow some important strategies:

1. Accumulate More Points Before Applying for Credit

Therefore, the higher the score, the better the credit conditions.
Therefore, working longer and maintaining a good employment history can increase the points accumulated.

2. Choose a Property That Fits Your Budget

However, before closing the deal, it is essential to assess whether the property value is within your financial means and whether the installments fit within your budget.

3. Stay Informed About INFONAVIT Conditions

Additionally, regularly monitoring program rules and updates can ensure better opportunities financing.

Conclusion

Finally, the INFONAVIT is one of the main tools to help Mexican workers achieve homeownership., offering affordable credit, reduced rates and different financing options.

However, to take advantage of the program's benefits, it is essential to understand how the points system works, choose the right type of credit and plan your budget well before taking out a loan.

Therefore, by making a well-informed decision, workers can ensure a safer and more comfortable future, leaving the rental market and acquiring your own property with favorable conditions.