Learn about the 8 types of Infonavit credit Did you know that Infonavit has eight different types of home loans? Find out below what type of Infonavit credit is best for you, whether to acquire a new home, remodel or rent. The Institute of the National Housing Fund for Workers, known by its acronym Infonavit, is the institution in charge of financing credits requested by their beneficiaries , to acquire houses or apartments, however, there are also other credits granted by Infonavit that allow the home remodeling, change of house, pay the rent of a property or finance a second loan. We present below the complete list of the 8 types of credits granted by Infonavit. What are the 8 types of Infonavit credit? Infonavit Credit Cofinavit Cofinavit Additional Income Infonavit Total Your Second Infonavit Credit Improvement Cambiavit Infonavit Credit This credit is the most requested by the Infonavit beneficiaries, which is used to buy a new or used house, granting an amount of up to 1 million 712 thousand 717 pesos, with an interest rate of 12%, the additional expenses will represent 3 % of the credit amount, for people with monthly income of up to 6,370 pesos. Said credit can also be used to remodel or expand a home, build on land or pay the mortgage previously processed with a different financial institution. SkyMarketing Islamabad is a leading marketing company working on many real estate projects like smart city Lahore, capital smart city Islamabad and development housing societies in Pakistan. Cofinavit A second financing option is through the Cofinavit loan, which can be used to purchase a new or used home. This credit, granted by Infonavit and a second financial entity, will be used to add an amount greater than that granted by Infonavit. The Cofinavit loan will provide a credit of up to 441 thousand 43 pesos, with an annual rate of 12% and additional expenses of 5%. Cofinavit Additional Income In the case of the Cofinavit Additional Income Credit, it will be granted between Infonavit and a financial institution, and unlike the Cofinavit credit, this will contemplate the additional income received from commissions, fees and extra income, however, your salary should not exceed the amount of 8 thousand 950 pesos per month. The highest amount for this credit is 418,991 pesos, with a rate of 12%. Infonavit Total Infonavit Total is a credit with which you can be a creditor of up to 1 million 955 thousand 291 pesos, with an annual rate of 12%, although the credit may not exceed 95% of the value of the property to be acquired. The beneficiary may not have a salary greater than 9,555 pesos. Your Second Infonavit Credit If years ago you applied for an Infonavit loan and it has already been paid off, it is possible to request a second loan , which provides up to 1 million 943 thousand pesos and additional expenses of 5%, which can be avoided if the beneficiary receives less than 9 thousand monthly 555 pesos. It should be noted that this credit is only available to people under 65 years of age and whose Infonavit credit has been paid at least 6 months before, in addition, the monthly payment to this credit may not exceed 30% of the monthly payment of the beneficiary. Improvement An extension or remodeling of your house will be possible through the Mejoravit Credit , which, through a financial entity, will be granted from 3 thousand 920 pesos with 38 cents to 54 thousand 885 pesos with 38 cents, for a term of 12 to 30 months , with a rate of 16.5%. Cambiavit If you want to change cities, have a home closer to your work area or a better living environment, the Cambiavit Credit is the ideal one for you. To qualify for this credit, it is necessary to have a traditional credit for two years, that said property is registered in the Public Property Registry and a home with a lower value must also be considered, in order that the difference be paid to the credit balance. After having reviewed the different Infonavit credit options, we are sure that at least one option adapts to your financial scheme and the needs of your family. Remember that   Vivanuncios is # 1 in real estate and here you can find for sale or for rent the home of your dreams.