How to participate in the Housing Credit Program?

As you have already discovered how this program works, now discover in simple steps some requirements and how to participate in the Housing Credit program. 

How to participate in the Fovissste program

To participate in the Fovissste Credit Program, it is necessary to meet the following requirements:

✅Be an active contributing worker.

✅Have deposits in your name, consisting of at least nine bi-monthly periods in the Housing Fund Sub-Account.

✅Not having to go through a deliberation process for granting a temporary or permanent disability pension, partial or temporary disability, or in cases of voluntary retirement.

✅Keep contributions to the housing fund up to date.

Before applying for a Fovissste loan, it is very important to consider the following guidelines.

✅Check if the company offering the house you are interested in is registered as a Fovissste bidder.

To obtain this information, please contact us at 53 22 04 97, extensions 85316, 85322 and 85306.

✅Before making advance payments or signing any documents, make sure that the company has registered the contract with Profeco.

For more information, please contact us via email at [email protected] or by calling customer service at 5568-8722 or 01-800-468-8722.

✅Make sure that the sales contract you sign with the company establishes the price of the house, its location, unique code and physical characteristics.

✅Before signing the deed, check that the house is complete and that all services are available.

How to participate in the Infonavit Housing Credit program?

For participate in the Housing Credit Program From this institution, it is necessary, first of all, to participate in the orientation workshop “Knowing to decide”.

In this activity you will acquire knowledge about finances, how the Housing Subaccount works, your credit options, how to choose a house, as well as understand the rights and obligations when obtaining a loan.

In addition, you will learn how to obtain the support provided by Infonavit if you have difficulties making payments.

Participation in this workshop is mandatory to process the loan and is free of charge.

Therefore, for more information call Infonatel: 9171-5050 in Mexico City or 01-800-008-3900 (toll-free from anywhere in the country).

This is the first step to participate, however, it is still necessary to follow other guidelines:

✅ Submit a credit application containing the required information, including the phone numbers of two family members or friends who can confirm your information before granting the credit.

✅ Be an Infonavit beneficiary, with a current employment relationship and income of a minimum wage.

✅Check if your employer is making employer contributions corresponding to 5% of your Integrated Daily Salary.

✅ Meet the minimum required score of 116 points, calculated based on your age, salary, balance of the Housing Subaccount (SSV) and the number of last bi-monthly contributions.

To check your cumulative score, complete a credit prequalification on the Infonavit Portal, using your CPF.

✅ If you have less than 100 points, you can take advantage of the Seguro Crédito program, which consists of saving for a period of four to 24 months.

When you start your professional life, the accumulation of points is not automatic; it is necessary to complete a certain period of work to obtain the necessary points and have access to credit.

Conclusion

This is information about How to participate in the Housing Credit Program from Fovissste and Infonavit. 

So be sure to meet the specific requirements of each program and follow the guidelines provided to ensure a successful application. loan successful.

If you have additional questions or require more information, please contact the respective program agencies.