Get Your INFONAVIT Credit Fast and Easily in Mexico

Table of Contents

Description

What is it?

INFONAVIT credit is a financial product offered by the Instituto del Fondo Nacional de la Vivienda para los Trabajadores (INFONAVIT) in Mexico. It provides employees with the opportunity to obtain a mortgage loan for purchasing, building, or renovating a home, using funds accumulated in their housing subaccount. The credit application process involves several steps including prequalification, submission of required documents, and approval from INFONAVIT.

Who needs it?

This service is ideal for employees in Mexico who are contributing to INFONAVIT and are looking to buy, build, or renovate a home. It is particularly useful for first-time homebuyers and those who may not have access to traditional mortgage products. Anyone who is currently employed in Mexico and has accumulated savings in their housing subaccount can benefit from this credit.

Procedure

  1. Check Your Eligibility: Visit the INFONAVIT website and use the prequalification tool to check your eligibility.
  2. Gather Required Documents: Collect all necessary documents as per the requirements listed below.
  3. Submit Prequalification: Complete the prequalification process online.
  4. Attend an INFONAVIT Workshop: Participate in the mandatory workshop to understand your rights and responsibilities.
  5. Submit Your Application: Fill out the application form and submit it along with the required documents.
  6. Await Approval: Wait for your application to be processed and for INFONAVIT to approve your credit.
  7. Sign Your Contract: Once approved, sign the credit contract and receive the funds.

Required documents

  • Official Identification: Valid ID such as a voter ID card or passport.
  • Proof of Address: Recent utility bill or bank statement.
  • Employment Verification: Proof of employment and salary.
  • INFONAVIT Prequalification: Printout from the prequalification tool.
  • Birth Certificate: Official copy.
  • Social Security Number: Document proving your social security number.

Providers that can do it for you

(We are currently curating the best providers. If you are or know a provider, please contact us or edit the page directly)

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Additional details

  • The process duration can vary, typically taking a few weeks to several months.
  • Prequalification is a crucial step to determine your eligibility and the amount you can borrow.
  • Participation in an INFONAVIT workshop is mandatory before finalizing the credit.
  • Ensure all documents are valid and up-to-date to avoid delays.

Contribute

Improve this article by using the contact form or editing it through our open-source GitHub repository: tramitit/guides