Infonavit 2025: Can You Pay Off Your Mortgage with Another Lender?
Table of Contents
- Infonavit Offers New Option for Mortgage Debt Settlement
- Infonavit Mortgage Debt Settlement: Your Questions Answered
- What is the Infonavit Mortgage Debt Settlement Program?
- How Does the Program Work?
- What are the Benefits of the Infonavit Debt Settlement Program?
- What are the Loan Terms?
- Who is Eligible for the Infonavit Debt Settlement Program?
- Comparison of Program Features
- Where can I find more information about the Infonavit program?
The program allows workers to use their housing sub-account to pay off debt with financial entities.
Infonavit is offering a new alternative for beneficiaries seeking to settle their mortgage debt with a financial entity: the payment of liabilities.
This option allows workers to use their housing sub-account to liquidate their debt and, if necessary, request an additional loan with a mortgage guarantee.
There are two schemes to access this benefit:
- Payment of liabilities with mortgage guarantee: If the balance in the housing sub-account is less than the debt with the financial entity, Infonavit grants a credit for the amount necessary to settle the debt.
In this case,the house remains as a guarantee of the credit.In addition, if the worker earns up to 9,630.48 pesos per month, the degree expenses are not charged.
- Payment of liabilities with guarantee of the balance of the housing sub-account: If the balance in the housing sub-account is greater than the debt, savings to pay the liability are used without the need for a mortgage guarantee.
The credit granted is 10,318.37 pesos, without notarial expenses or damage insurance.
- It is indeed granted in pesos.
- The program is available irrespective of the applicant’s salary level.
- The interest rate is fixed and varies by salary level.
- There is a possibility of requesting the credit jointly with a spouse if the original credit was conjugal.
- The maximum credit amount is $2,830,672.29, depending on the worker’s ability to pay.
- The credit period can be 1 to 30 years,provided that the sum of the applicant’s age plus the term does not exceed 70 years (75 years for women).
- If the worker does not authorize the consultation of the credit bureau, they can access only 60% of the maximum amount of the credit.
Requirements to access the program:
- Be an Infonavit right holder with current employment.
- Have at least 1,080 points.
- not have an active Infonavit loan.
- Prequalify in My Infonavit account.
- Process a conditioned balance letter with the current financial entity.
- Request an appraisal with a valuation unit recorded in Infonavit.
- Complete the online course “Know more to decide better.”
- Register the credit at Infonavit.
Are you an Infonavit beneficiary struggling with mortgage debt? Infonavit is offering a new programme to help you settle your liabilities. This Q&A-style article will provide you with the essential data about this program, its benefits, and eligibility criteria.
The Infonavit program allows beneficiaries to use their housing sub-account to pay off mortgage debts owed to financial entities.This initiative aims to provide a solution for workers who are facing difficulties with their mortgage payments.
How Does the Program Work?
The program offers two main schemes:
- Payment of liabilities with mortgage guarantee: If your housing sub-account balance is less than the outstanding debt, Infonavit provides a credit to cover the difference. The house remains as a guarantee for the loan. If the worker earns up to 9,630.48 pesos per month, degree expenses are not charged.
- Payment of liabilities with guarantee of the balance of the housing sub-account: If your housing sub-account balance is greater than your debt, the savings are used to pay the liability without needing a mortgage guarantee.
The program offers several advantages:
- The opportunity to use your housing sub-account to pay off debt.
- Additional credit may be available if your sub-account balance isn’t sufficient.
- Potentially avoiding foreclosure and improving your financial situation.
What are the Loan Terms?
- The program is offered in pesos.
- Available nonetheless of salary level.
- Interest rates are fixed and vary by salary level.
- Joint credit with a spouse is possible if the original credit was conjugal.
- The maximum credit amount is $2,830,672.29 pesos, depending on the worker’s ability to pay.
- The credit period can range from 1 to 30 years, provided the applicant’s age plus the term does not exceed 70 years (75 years for women).
- If the credit bureau consultation is not authorized, only 60% of the maximum credit amount can be accessed.
To qualify for this program, you must meet the following requirements:
- Be an Infonavit right holder with current employment.
- Have at least 1,080 points.
- Not have an active Infonavit loan.
- Prequalify in your My infonavit account.
- Process a conditioned balance letter with your current financial entity.
- Request an appraisal with a valuation unit recorded in Infonavit.
- Complete the online course “Know more to decide better.”
- Register the credit at Infonavit.
Comparison of Program Features
Here’s a quick comparison of the key aspects of the program to help you understand the differences between the available options:
| Feature | Payment of Liabilities with Mortgage Guarantee | Payment of Liabilities with Guarantee of the Balance |
|---|---|---|
| Guarantee | Mortgage | Housing sub-account balance |
| Additional Credit | Yes, if needed | No, only the balance is used |
If you need help with dealing with your debts, you can also seek free debt advice. You can find more information at MoneyHelper.