Workers in the service of state, that is, teachers, doctors, nurses, police officers and others, can request financing at any time of the year to purchase housing under the “Fovissste for all” scheme. We tell you how to exercise it.
Remember that, until now, the credits To buy a house, granted entirely by Fovissste, they are requested through a point system, by which workers must register in an annual call and follow a series of established processes and dates.
However, with “Fovissste para todos”, the servers can ask for this credit to buy a new or used house at any time of the year, at an interest rate of 8.35%, as well as monthly installments and fixed balances.
This financing is granted in conjunction with a banking institution, which complements the credit of the Housing Fund, which is equivalent to the savings in the housing subaccount, while the bank will grant a credit of up to 4.8 million pesos.
Similar requirements, but not the same
This scheme is currently available from two banks, HSBC and Scotiabank.
- Minimum 18 months of contribution to Fovissste.
- Being a worker of state active.
- Greater than or equal to 25 years and less than 70 years (the sum of age plus the term of the credit must not exceed 80 years).
- Not be in the process of ruling for the granting of a temporary or definitive pension.
- Start the process with the banking institution through the authorized sofomes.
Building is another option
Another scheme available all year round for workers in the service of the state It is the “Build your house”.
This scheme, which came into force in 2020, finances about 1.3 million pesos, either for the self-production of housing or for the purchase of land.
To receive this loan, whether you are a teacher, police officer or health sector personnel, it must be the first credit requested before the Fovissstehave at least 9 two-month periods trading with the Issste and the loan will be delivered in four parts, as the work progresses.
Take into account that:
- The land on which it will be built must be at least 50% owned by the worker.
- The work must be delivered within a maximum period of one year.
- The land to be acquired or on which it will be built must have basic services such as drainage, electricity, water.
- The land must also be free of encumbrances and without any type of construction.
Fovissste delivers 5,000 deeds
Whether they are teachers, police officers, members of the health sector or some other type of worker at the service of the statethis week 5,015 borrowers celebrated the cancellation of their mortgage guarantee, that is, their home ceased to be the promise of payment for their creditand thus released their writings.
Through the Mortgage Guarantee Cancellation Day, in a period of 45 days it was possible for beneficiaries throughout the country to carry out this process either by administrative or notarial modality.
“This is one of many actions that we are trying to undertake hand in hand with notaries to do this as a team. There are many other actors involved in the housing sector,” said César Buenrostro Moreno, executive member of the Fovissste.
Through the cancellation of the mortgage guarantee and receipt of deeds, the successors have the legal certainty of being owners of the home that they paid for through a credit From the bottom.
Only between 1973, the Fund’s founding date, and 1992, the construction of 118,243 homes was financed, distributed in 451 housing complexes, in 31 states of the country.
“To date, the Fovissste registers a deed advance for 108,461 properties that corresponds to almost 92 percent of the total universe,” the financial institution pointed out.
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