Infonavit credits will be cheaper: Why and since when will it apply?

If you are currently thinking about requesting a housing loan from the Institute of the National Housing Fund for Workers (Infonavit) you will be interested to know that these They will be cheaper soon and we will tell you right away when.

And recently, the Institute of the National Housing Fund for Workers (Infonavit) made public knowledge that will eliminate the administration fee, the opening commission, as well as financial expenses and operating expenses.

“With the elimination of these charges, the cost of Infonavit Credits, which currently have the lowest interest rates in the mortgage market, will be even lower,” highlighted the Institute.

It is worth mentioning, at this point, that the cheapest Infonavit credits will begin to apply starting next Wednesday, May 1a reduction that will be valid only to those requested from said date.

In this context, Infonavit made it clear that This new benefit for housing loans will only apply to those that are requested as of May 1, 2024, so those that have been processed before will not benefit from this measure, regardless of whether they are formalized in May or June..

It is worth mentioning that the concepts that Infonavit eliminated from its housing loans are, basically, administrative expenses and procedures that workers must cover and that come with the financing.

It should be noted, in this sense, that Infonavit defines the amount of these expenses that the formal sector worker must pay for the requested credit depending on his/her monthly income..

Infonavit auctions recovered houses

For its part, in case you are looking to buy a house or an apartment through Infonavit credit, it will be important for you to know that this month of April 2024 the Institute will be auctioning off houses that were recovered.

However, it should be noted that the auction of houses recovered by the Institute will only apply to some states in the Mexican national territory.

It is in this way that, with a budget of 125 million pesos, Infonavit in agreement with the rulers of the following states will be auctioning recovered houses:

*Chiapas

*Coahuila

*Colima

*Warrior

*Mexico state

*Michoacan

*Nayarit

*New Lion

*Oaxaca

*Puebla

*Sinaloa

*Tamaulipas.

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