How the Housing Credit Program Works

With a Housing Loan offered through Mexican government initiatives, you can make your dream of owning your own home easier!

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Buying a house is a common dream for any person, and this property represents the most important asset in our lives.

However, acquiring it is not so simple, and millions of Mexicans end up not being able to fulfill this dream due to lack of financial resources.

An alternative for these families is to seek credit alternatives, such as loans and financing.

However, they also face some obstacles, such as:

• High interest rates;
• Credit analysis denied;
• Payment terms incompatible with the financial profile.

So, you identified with this situation. Calm down! In this text you will find a solution.

Continue reading and learn about the Mexican Government's program Housing Credit! 

How does the Mexican Government's Housing Credit program work?

This program was designed to help citizens obtain affordable financing for the purchase, construction or improvement of their homes.

The program is offered by institutions such as INFONAVIT and FOVISSSTE, which work in partnership with the government to provide housing loans.

INFONAVIT is aimed at private sector workers, while FOVISSSTE serves public servants.

Although these two options are the main ones, there are still other public and private entities in charge of granting credit, such as:

• Federal Mortgage Society (SHF);
• National Popular Housing Fund (to serve low-income families);
• Sofol;
• Sofom;
• Banker
• Self-financing.

According to the National Housing Commission, the most common mortgage loans are those from Infonavit and Fovissste, as already mentioned.

This is because workers can purchase a home as part of their social security, through a loan.

However, each of them has its own rules and characteristics.

For example, Infonavit offers credit to buy a new or used property, for remodeling, construction, expansion or even to pay housing liabilities.

In addition, it grants the 60% of the country's housing loans and serves workers registered in the IMSS. 

The mortgage loan provided by Fovissste, in turn, is intended for salaried workers.

There are currently six different modalities and each one has different characteristics and caters to different consumer profiles.

In it Government portal You can know these modalities and who or what field they are intended for.

Now, find out how to participate in the Housing Credit Program and the main requirements. Click the button below!