Infonavit Points: How Many Do You Need to Buy a House? – Everything You Need to Know

Written in MONEY on 12/17/2023 · 11:28 am

If you are interested in buying a house or apartment, you have different options to do so, either through a bank credit or through the points Infonavita government-operated scheme that allows workers have a loan to help them have a patrimony own. The resources of Infonavit They are made up of contributions made by employers, equivalent to 5% of employees’ salaries; If you want to know how many points you need to buy a house, this is of interest to you.

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To grant the creditsit is necessary for workers to have at least 116 Infonavit points, which are closely related to your salary, because the higher your salary, the greater number of points you will have.

These points are considered a prequalification to obtain the credit, but they are not the only factor that the Infonavit takes into account, it also requires that workers have a current relationship with an employer that affiliates them to the IMSS and who have not had credit in the past.

What are points for? Infonavit?

The points you accumulate in the Infonavit They help you request a credit before said organization, which you can use in any of the following options:

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• Buy. You can acquire a new or used apartment, buy a mortgaged home or acquire and improve a property with the same credit.
• Expand or repair. You have the option to remodel, expand or repair your home, just keep in mind that the use of the mortgage guarantee will depend on the type of renovation you do.
• Build your home. If you have your own land or your spouse has one, you can build your own home.
• Pay your mortgage. You can pay off a mortgage loan that you have with a financial institution other than Infonavit, or allocate a part of your credit to improve that home.

According to Infonavit, Among the benefits of their loans are the fixed annual interest rate on unpaid balances, the damage insurance that homes have, discounts for early loan settlement and the possibility of adding your credit with that of your spouse.

To grant the credits, it is necessary that workers have at least 116 points Infonavitwhich are closely related to your salary, because the higher your salary, the greater the number of points you will have.

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Social Collection. In case you have problems paying, the institute offers you alternatives according to your possibilities.

Second credit. By paying off your first mortgage loan in a timely manner, you can apply for a second loan.
Let’s join Infonavit Credits. You can add the amount of your first Infonavit loan with a family member and obtain greater financing to purchase a new or used home.

2023-12-17 17:51:50
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