What do I need to process my Infonavit credit?
What do I need to process my Infonavit credit?
TAKE THE NEXT STEP AND BUY A HOUSE
FOLLOWING THESE PRACTICAL ADVICE TO PROCESS YOUR INFONAVIT MORTGAGE CREDIT.
As an Infonavit beneficiary, there are some
requirements and procedures that you will have to do to get the title deed for
your new home. Here we tell you five basic steps to start the process of
your mortgage loan. Take note!
Steps to process my Infonavit credit
- Get your prequalification
- Choose your Infonavit credit
- Gather the requested documents
- Register your Infonavit credit application
- Deliver the documents to your notary
Get your prequalification
To be able to request an Infonavit credit
you must have 116 accumulated points. The amount of mortgage credit that
you are authorized will depend on some factors such as your salary and age,
therefore, the first step to process your credit is to verify, through
your prequalification, that you have the minimum required points . Prequalification
will let you know:
- How much you have saved in your Housing Subaccount
- The amount of the monthly payment you would pay
- The term it would take to pay the loan and;
- Other additional expenses that must be covered when you buy a
Choose your Infonavit credit
Infonavit offers the following types of
mortgage credit for the needs of each beneficiary:
Infonavit credit. This is the traditional loan that provides financing to buy a new or
used home, build on your land, remodel or expand your home and pay other
Total Infonavit. This credit works through a partnership with a financial institution
and allows you to use the maximum capacity of your credit to buy a new or used
Cofinavit . This
modality gives the opportunity to buy a house of greater value, since it allows
you to combine your Infonavit credit with the mortgage credit granted by some
other financial institution. Once the Infonavit credit is settled, the
employer contributions are used to pay the credit of the financial institution.
Cofinavit additional income. This option works the same as Cofinavit, with the advantage that you
can include your extra income (in addition to your formal salary) for example,
tips or commissions, and in this way increase the amount of credit.
Infonavit support . With this type of financing you can obtain a loan to
buy a house or build it on your own land, with the assurance that you will be
able to have the balance of your Housing Sub-Account in case of losing your
Your 2nd Infonavit credit . In partnership with other financial institutions,
Infonavit offers this fixed rate loan once you have exercised your first
Each type of Infonavit credit varies in the
requirements and conditions that are requested to grant the loan. For this
process, Infonavit has implemented a course that is essential to take
called Knowing to Decide , in which you will receive guidance and, if
you are a beneficiary, a certificate at the end.
Gather the requested documents
Once you have chosen your credit, verify
that you have the documents that are required to carry out the
process. Although the required papers vary according to the type of credit
and the type of property, all of them ask for at least the following:
- Certified birth certificate (original and copy) of the holder
and spouse, if applicable
- Marriage certificate (if applicable)
- Original and copy of an official identification (valid INE,
driver's license, military card or passport) of the holder and spouse, if
- CURP of the holder and spouse, if applicable
- Tax ID of the holder and spouse, if applicable
- Proof of address
- 2 family references with telephone (Name and telephone number)
- Record of the Know to Decide workshop
It is also necessary that you know your
employer registration and your company data (name or company name and telephone
Register your Infonavit credit application
After gathering all your documentation, you
must correctly fill out the mortgage loan application and go to Infonavit to
register it. When your application is registered, you will receive a
credit certificate where you will be assigned a folio number that will serve to
identify your mortgage credit.
Deliver the documents to your notary
When your application is accepted, you must
go to a notary public to whom you will deliver your documents to formalize your
procedure. If you do not know a trusted notary public, access
the Infonavit directory where you can choose one according to time
and quality of service.
In this final step you must enter
your Infonavit account to print the Notice of Withholding of
Discounts, which must include the signature and stamp of your company before
being delivered to the notary, the day you sign the deeds of your
house. The Notice of Withholding Discounts is useful in case you change
your job in the future, need to sign a credit restructuring or, carry out the
liquidation or cancellation of your mortgage.
If you want to know more about the
Infonavit credit visit our guide .
Once you are ready to buy a house, know
our real estate offer and get ready to brand new home.