As of June 2020, the “FOVISSSTE-Infonavit individual” credit will come into force which plans to benefit beneficiaries who are listed in both institutions with mortgage financing of up to 1,600,000 pesos.
In an update, Agustín Gustavo Rodríguez López, Executive Member of the ISSSTE Housing Fund (FOVISSSTE), referred that workers will be able to unite their credits from FOVISSSTE and the Institute of the National Fund for Housing for Workers (Infonavit), to acquire a new or used house.
The workforce benefiting from this scheme would be, mainly, doctors, nurses and teachers.
The antecedent of this program is the cofinanced FOVISSSTE-Infonavit Individual loan that was published in July 2014. And it is an alternative to the conjugal financing scheme, where a couple that is listed on FOVISSSTE as on Infonavit, can add their credits and obtain more mortgage financing. .
During the second semester of this year there will be a estimated placement of 500 credits “FOVISSSTE-Infonavit individual”, which will represent a spill of 800,000,000 pesos, according to Rodríguez López.
And it is expected that 2021 this financing scheme reaches 1,000 credits, with an outlay of 1,600,000,000 pesos. While for 2022 the projection would be the same number of beneficiaries and amount as in 2021.
The requirements to apply to the “FOVISSSTE-Infonavit individual” are:
Be a contributor to Infonavit
Being a state worker on active duty
Have at least 9 two-month contributions to FOVISSSTE
Exercise a FOVISSSTE credit for the first time
Not be in the process of granting a temporary or permanent pension
Not be in the process of withdrawal
Applicants to this benefit are also required not to present discounts for alimony that prevent amortization of the mortgage loan.
Rodríguez López pointed out that the estimated beneficiaries are due to the “start” of the program, but it will gradually grow.
The FOVISSSTE Executive Member noted that It is a “novel” program, however, a similar financing scheme had already been agreed on June 27, 2014, in a Board of Directors session and, subsequently, made official on July 24 of that same year. At that time, Sebastián Lerdo de Tejada Covarrubias was general director of the Institute of Security and Social Services for State Workers.
At the same press conference, Agustín Gustavo Rodríguez López added that, from January to May of this 2020, FOVISSSTE has granted 523 “Marital” type loans for 334,600,000 pesos.
In material terms it means the acquisition of 397 new homes and 126 used ones. This represents an advance of the 37% of the projected for the entire current year.
It is a support where spouses can pool their credits to obtain an amount of up to 1,133,172 pesos to acquire new or used housing. These credits are also sponsored by Infonavit.
“(It is) a credit whereby spouses can pool their credit. When they quote on different sides they can pool their credit and thus obtain more credit and therefore a better home ”Rodríguez López mentioned.
In this 2020, will be awarded 1,500 of these marital credits for 940,000,000 millions of pesos.
Another relevant fact mentioned was that in the last 13 years, 19,662 marital financings for 10,183,000,000 million pesos have been granted.
Marital loans are not subject to the Scoring System, have an annual rate between 4% and 6%, and could be paid in up to 30 years.
For his part, Carlos Martínez Velásquez, CEO of Infonavit, called that the rightful request your credits through official channels to avoid fraud or “coyotajes”. Because there are apocryphal sites that promise to process mortgage financing.
“Because we have announced these programs, it turns out that there are apocryphal pages, there are even Twitter accounts that say ‘I help you get money out of Infonavit’ and in the end they end up cheating people, because in the end they do a simulated operation of the credit“, Referred.
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