Are you self employed? This is how you can make the down payment on the Infonavit house

Monterrey. – Being self-employed is not always a barrier to receiving support from the National Workers’ Housing Fund Institute (Telephone details) in buying a house, because by only making a one-time contribution and generating savings, it is possible to use this as hit of a bank mortgage.

According to Infonavit, the requirements To access the aforementioned real estate financing scheme, you must be registered in Afore, without having previously taken an Infonavit loan, and comply with the measures established by the bank.

The employee must also obtain a certificate from his Infonavit account through the Institute’s website.

“If you are self-employed, but have ever contributed to Infonavit and have savings in your housing sub-account, you should know that that money is yours, not it is lost and you can use it as a down payment on a bank mortgage to buy a new or existing home.

“This financing scheme is called Infonavit Account + Bank Credit, and to process it it is essential that you have savings in your housing sub-account,” read a statement from the Institute.

To use your Infonavit savings in conjunction with a mortgage loan provided by a bank, the interested party must choose one of the participating financial institutions, which Banorte, BBVA, HSBC, Mifel, Santander and Scotiabank.

“Imagine that the bank you have chosen will evaluate your ability to pay and determine the amount of financing you have, as well as the term for paying it. Of the authorized credit, the bank will finance 70 percent, and Infonavit, the remaining 30 percent,” the statement continues.

On September 11, ABC News published that Nuevo León rose seven places in the quarterly growth of the average housing price compared to last year, which is currently in sixth place nationally.