Did you know that with Infonavit credit you can also buy land?

The Institute of the National Housing Fund for Workers (Infonavit) announced that it is now possible to buy land in a semi-urban or rural area.

This is part of the program called Crediterreno, designed for those who prefer to acquire land to build their home according to their tastes and needs.

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The difference from how it worked previously is that the land may have some construction progress, as long as the value of the building is not greater than 20% of the value of the land indicated in the appraisal.

In addition, the property that is acquired must have Residential or Mixed Use, which includes residential use, have an individual property title in the name of the seller, be free of liens and registered in the Public Property Registry.

Among the requirements that you must take into account if you are looking to buy land through Infonavit is also having proof of alignment and official number, which indicates the address and location of the land.

It must be close to work, health, educational, supply and recreational centers; not be located in a risk area; have the documents that validate that the land has the basic services or their feasibility, that is, that the land is enabled for its installation to be carried out in the near future.

It should be noted that the basic services are: drinking water, drainage, electricity, telecommunications, garbage collection and disposal and public lighting, or at least with access to and from these services.

The land must also be up to date with utility and property tax payments; have the minimum surface area of ​​the land in the town where it is purchased and if it is located within a housing development, it must have paved access and curbs, sidewalks and medians, spaces with green areas, in accordance with applicable state and municipal regulations. to the place in question.

To find out if the land meets the requirements, you can consult My Infonavit Account (micuenta.infonavit.org.mx) to find out the amount of credit you could access and to process it it is essential to be a person entitled to Infonavit, have a current employment relationship and request the appraisal and technical opinion of the land.