The Institute of the National Workers’ Housing Fund (Infonavit) can grant you a second mortgage loan, with which you can grow your assets and buy a house that meets your needs and those of your family.
With this new financing, depending on the amount of your income, the institute can lend you up to 2 million 477,549 pesos, with which you can buy a house closer to your work or a weekend house.
Between January 2019 and June of this year, 65,187 credits of this type were granted, which represented an economic benefit of 60,600 million pesos, according to Infonavit figures.
During the first semester of 2022, 9,303 beneficiaries processed their second loan.
To settle the second credit, you can choose between 5 and 30 years. Take into account that the term, plus your age, should not be greater than 70 years.
To process the second financing you have to meet the following requirements:
- Be a beneficiary of the institute with a current employment relationship.
- Have 1080 prequalification points. You can review this information in My Infonavit Account.
- Have two years contributing continuously. It doesn’t have to be the same pattern.
- Have finished paying your first mortgage loan at least six months before, without breaches or defaults
- If you obtained a credit with products such as Cofinavit, Infonavit Support or Mejoravit, the Infonavit credit and that of the bank that co-financed the loan must be settled.
- In the case of Mejoravit or Infonavit Support, it is not necessary to wait six months.
- Sign the authorization form for consultation in the Credit Information Society (SIC) or Credit Bureau.
- Have an electronic appraisal and technical opinion on the quality of the home you are going to acquire that is not older than six months.
- Copy of the property title of the house or apartment that you are interested in acquiring.
- Take the online course Learn more to make better decisions through My Infonavit Account.
