Mortgage loans in Mexico are not enough to fully acquire a house or apartment in the best areas of the large cities of the country, but there are "special" loans that grant up to 4.8 million pesos.

This is the case of the “FOVISSSTE for everyone” loan, from the Housing Fund of the Institute of Social Security and Social Services for State Workers, in an alliance with Scotiabank, which grants more than three times the number of conventional loans.

The loan that offers the most money from Infonavit is 2.2 million pesos, and it was launched in 2021, on the other hand, with "FOVISSSTE for everyone" you can get more than double. These are the requirements:

We recommend: Scotiabank and Fovissste alliance will benefit the beneficiaries

How is the credit of 4.8 million pesos obtained?

• Have a minimum age of 25 years.
• Minimum income of 7,500 pesos.
• Seniority of 2 years (or 3 months of seniority in the current job, adding one year and 9 months of the previous job).
• Being a current employee with 18 months of contribution in FOVISSSTE.
• Have bank references.

One of the advantages of this credit is that it has unemployment insurance and home damage insurance, which has no extra cost.

FOVISSSTE has the possibility of advancing credit payments, with advance payments via the internet or in the institution's credit delegations, with a minimum amount of 200 to 20 thousand pesos.

Are you looking for an apartment to buy near Santa Fe for less than 3 million pesos? Enter Solili to learn about the options in the area.

Read the complete article