According to the Mexican Real Estate Bank (BIM), the Traditional Credit of the Score System is the best option for workers seeking quick access to a home.

This instrument is active since 2017; based on article 179 of the ISSSTE Law and the Credit Committee Agreement and applies to active or temporary collaborators at the service of public entities that have contributed to the Housing Sub Account for 18 months.

To receive it, the worker must be selected through the Traditional Credit Granting program through the Point System and although the program has been in the sector for some time, many workers do not know about it or do not understand how it works.

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Gregorio Sánchez, BIM Corporate Business Director, considered that, for the most part, they are young employees, who have just joined the public sector. Sánchez explained that it is a more efficient, reliable, transparent and fair system.

On the other hand, he assured that it is important that State workers know how the allocation of points works, among which are: quoted bimonthly, SAR savings, the age and salary of the contributor, and the balance of regional housing supply and demand

“To access a Traditional Credit, the applicant must add the points obtained in each of the previous items. In addition, you must achieve a minimum score of eighty”, suggested Gregorio Sánchez.

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He also shared that through financial institutions, they can combine the credit granted by the State with one from private banking. However, he stressed that this does not apply to all programs.

Finally, it is important to note that the FOVISSSTE has different products for beneficiaries to access a home, among them: Spousal Credit, FOVISSSTE For All, Pensioners, FOVISSSTE – Individual Infonavit and Traditional.

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Original note