This is the maximum that Infonavit lends to buy a house
When a person wants to buy a home, they usually go to the National Institute of Workers' Housing Fund (Infonavit) to find a financing option. The amount granted by the institute It depends on the applicant's ability to pay. The question arises around these two factors: what is the maximum amount that can be lent?
On its website , Infonavit explains that There are various ways to apply for a mortgage loan. to pay for a house, and among these stands out the "Infonavit Credit" program, which is the one that lends the most and grants loans of up to 2 million 830 thousand 672.54 pesos, which, as mentioned before, depend on the payment capacity.
The Infonavit Credit is intended for the purchase of new or used homes, and can be processed by beneficiaries regardless of their salary.
This program , explains Infonavit, offers a term of one to 30 years, although it must be taken into account that the sum of the age + the term defined, and that it must not be greater than 70 years for men and 75 years for women.
The platform indicates that the qualification fees are waived if you earn up to 9,630.48 pesos per month.
On August 18, during "La Mañanera del Pueblo," Octavio Romero Oropeza, director general of Infonavit, announced that the scoring system required for granting loans had been modified, significantly reducing the number of points required to initiate a loan application.
According to El Universal , under the previous scheme, known as T1000, 1,080 points were required to obtain a loan. The calculation included ten variables, including the worker's age, salary level, continued contributions, savings in the housing sub-account, and credit history.
With the new model called T100, only 100 points are requested as a minimum requirement, so that a greater number of workers can begin a housing financing process.
The T100 scheme replaces the T1000 model, which was in effect since 2021. The main change is the reduction in points, which goes from 1,080 to 100, and the basic requirements for obtaining a home loan are:
- Not having your own home
- Earn between one and two minimum wages
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