As of this August 31, the Institute of the National Housing Fund for Workers (Infonavit) launched the new financing program for self-construction, for those who prefer to build their home themselves or improve the one they already have.
The program I build started in Baja California, Oaxaca, Metropolitan Area of the Valley of Mexico, Nayarit, Jalisco, Chiapas and Yucatan, where an economic income of 100 million pesos is estimated for the purchase of materials and payment of labor.
* Minor repairs: where a financing of up to 85% of the Balance of the Subaccount Housing, and up to 28 AN monthly, equivalent to 73 thousand 952 pesos.
The borrower may choose the repayment term of the financing: 24, 30, 36 or 42 months.
* Technical and Construction Assistance: Where 85%, 150%, or 200% of the Balance of the Subaccount Housing, up to 200 AN monthly, equivalent to 528 thousand 230 pesos.
And you can also choose the repayment term of the financing, between 24 and 120 months.
In both cases, The financing resources will be delivered according to the progress of the construction or improvement and previous validation by the Institute.
For a worker to apply for this financing line, must have a current employment relationship, at least eight months of continuous contribution with the same employer, have 116 points of prequalification established by the Institute, a document that certifies the safe possession of the property, being registered in an Afore, signing the query to the Credit Information Societies and not having a current credit with Infonavit.
ConstruYO is a loan without mortgage guarantee granted by a financial institution, through the Infonavit and you can build a new home, finish a construction, repair it, expand it or remodel it.
As well as carrying out interventions in exterior areas of the house such as the placement of lights, sidewalks and gardens.
The credit can be used in any type of property: private, ejidal, communal or derived from a government housing program.
It is not necessary that the property be in the name of the applicant, it is sufficient that a secure possession is proven.
Likewise, the worker’s age, plus the repayment term of the selected loan, may not be greater than 70 years.