What do you need to get a second loan from Fovissste

The Housing Fund of the Institute of Security and Social Services of State Workers (Fovissste) is responsible for providing you with credits in order to acquire a house, if you are a worker in the service of the State.

If you have already obtained a loan from Fovissste, and you want to increase your equity, there is the possibility that you can obtain a second loan to buy a house, here we tell you what you need to obtain it.

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1.- Having finished paying your first credit

It is important that in order for you to get a second loan from Fovissste, you have paid off your first loan, it is worth mentioning that the Institute issues these types of regulations so that you do not have two debts at the same time and you could be affected in your personal finances.

2.- Be active as a worker at the service of the State.

It is essential that you are an active worker with more than 18 months of contributions. In addition, to prove your age, Fovissste has to verify that you are not in the process of retirement, permanent or temporary pension, total disability or voluntary retirement.

3.- In the second credit you can choose a new or used house

When you are granted a second Fovissste loan, you can choose to acquire a new or used home. The Institute offers you a catalog of houses, where you can choose the mortgage that best suits your finances and your needs.

Some of the alternatives for the second Fovissste loan are: Traditional Credit, Backed, Aliados Plus and Credit in Pesos.

4.- Documents

• Fovissste credit application format (depending on the type of credit you have chosen).
• Copy of your official identification.
• CURP.
• Proof where your previous credit has been paid.
• Evidence that shows that you are working.
• Unique Housing Code (CUV), made up of 16 digits used to identify properties and streamline processes.

5.- Look for an authorized financial institution

Fovissste is responsible for granting the second mortgage loan, but the procedures, processes and consultancies are carried out through an authorized financial institution or SOFOMES, which are not assigned by the Institute, that is, you will have to select the entity that most suits you.

The Fovissste advises that you use caution when placing your trust in a SOFOMES, which will support you with the process of your second Fovissste loan for the purchase of a home.

If you meet all the requirements established by Fovissste for a second home support, it is a matter of analyzing whether you really need it or not, there are many things you can do when acquiring a home, be it living in it, rentarla or do a business. You decide, as long as your pockets are not affected, quite the opposite.

For more information on this and other topics visit our Credits Section.

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