Do you want to buy a house without INFONAVIT? Match the following 3 recommended options but first check your personal finances and decide better.
- Plan and reduce your expenses.
- Allocate time to improve your economy
- Identify your borrowing capacity
1. Plan your expenses
If you want to buy a house without INFONAVIT, you must analyze your budget by writing down all the income and expenses, separating the fixed ones from the variable ones.
Reduce expenses
Watch the expenses ant! The beer or the coffee in the morning are delicious but how much do they add to you a week? Identify them and reduce cravings.
2. Allocate time to improve your economy
Buying a house without INFONAVIT is also reading or hearing about personal finances. Learn more about this subject, so used and necessary; but that sometimes apathy can win you because you consider that your economy is under control.
Check your account statements. Open the envelopes hidden in your mailbox or lying on the floor and if you have them in the mail do not ignore them!
3. Identify your borrowing capacity
Analyze your debts with their corresponding payments. If you want to acquire a mortgage loan, it should not exceed 30% of your income.
But also:
- Don’t spend more than you have
- invest more
- Set financial goals
- Reduce expenses ant
Institutions to buy a house without INFONAVIT
Check these 3 alternatives that offer you the opportunity to acquire a property.
1. Federal Mortgage Society
It is an organization that belongs to the Mexican banking system; Its objective is to offer financing to professionals to buy a house without INFONAVIT who do not have INFONAVIT or FOVISSSTE through different intermediaries such as:
| Private Financial Intermediaries | Products |
| Commercial Bank | Mortgage credits |
| Sophomes | MicrofinancingMortgage loans |
| Credit Unions | microfinance |
| Popular Financial Companies | microfinance |
| Cooperative Savings and Loan Societies | microfinance |
One way to buy a house without Infonavit is through mortgage loans that have terms from 5 to 25 years and request a down payment of 20% of the value of the property; in addition to verifying income and a good history.
The Sofomes are financial entities whose main objective is to grant credits of different kinds, both mortgages and financing for individuals and various companies, particularly SMEs.
If you plan to consider this option to buy a house without Infonavit, it is very important that you verify if it has an authorized registration with the National Commission for Protection and Defense.
If you decide on a Sofom to buy a house without INFONAVIT, check the following options:
| AF Banregio, SA de CV SOFOM, ER, Banregio Financial Group. | NEW LION |
| Leasing company Banobras, SA de CV, SOFOM, ER | CDMX |
| Leasing and Factor Banorte, SA de CV, SOFOM, ER, Grupo Financiero Banorte. | NEW LION |
| Bansi Servicios Integrales, SA de CV, SOFOM, ER | JALISCO |
| Firm Credit, SA de CV, SOFOM, ER | CDMX |
| Financial Alcanza, SA de CV, SOFOM, ER | CDMX |
| Financial Help SA de CV, SOFOM, ER | CDMX |
| Financial Bajio, SA de CV, SOFOM, ER | CDMX |
| Financial Yes, SA de CV, SOFOM, ER | NEW LION |
| Fincasa Hipotecaria, SA de CV, SOFOM, ER, Ixe Grupo Financiero. | CDMX |
| Banamex Action Fund, SA de CV, SOFOM, ER, Member of the Banamex Financial Group. | CDMX |
| Globalcard, SA de CV, SOFOM, ER | CDMX |
| Grameen Carso, SA de CV, SOFOM, ER | CDMX |
| Hipotecaria Nacional, SA de CV, SOFOM, ER, BBVA Bancomer Financial Group | CDMX |
| Ixe Automotriz, SA de CV, SOFOM, ER, Ixe Grupo Financiero. | CDMX |
| Ixe Equipment, SA de CV, SOFOM, ER, Ixe Financial Group | CDMX |
| Ixe Cards, SA de CV, SOFOM, ER | CDMX |
| Santander Consumer, SA de CV, SOFOM, | CDMX |
| Synergy Comprehensive Energy Solutions, SA de CV SOFOM ER | CDMX |
| Inbursa Financial Society, SA de CV, SOFOM, ER | CDMX |
| Banamex, SA de CV, SOFOM, ER cards | CDMX |
| Live Financial Solutions, SA de CV, SOFOM, ER, Banregio Financial Group. | CDMX |
To find out if a Sofom is registered; it is necessary that you consult the CONDUSEF.
The National Housing Commission has a support program for the acquisition of housing, the beneficiaries must be low-income households with housing backwardness and in need of new housing. This is undoubtedly an opportunity for those who need to buy a house without Infonavit.
2. Banking institutions
Another very common option is to resort to bank mortgage loans with attractive rates. To buy a house without INFONAVIT, it is necessary to do the following:
- Good history in the credit bureau
- Minimum verifiable income of 15 to 20 thousand pesos per month
- Have initial capital for the down payment approximately 20% plus expenses such as appraisal and notary fees.
The interest rates of the banking institutions, which are an alternative to buying a house without Infonavit, are the following:
- BBVA Fixed Mortgage From 7.90%
- Scotiabank Values 7.40%
- Mortgage Banamex Profiles From 7.90%
- Santander 9.65%
- HSBC 8.40%
- Affirm 8.90%
- BanRegion 8.80%
- Inbursa “Inburcasa” 9.50%
- Banbajio 10.49%
*Remember that rates may vary somewhat depending on the macroeconomic environment.
3. Real Estate Financing
It is a system that allows you to buy a house without INFONAVIT; which are the Multiple Purpose Financial Institutions that grant the credits under the regulation of the CONDUSEF.
The financing can be used for various purposes such as buying land, houses, apartments or even to remodel.
The financing can reach up to 95% of the total value of the home and the current credit terms are up to 25 years; and without a doubt it is a great alternative for those who want to buy a house without INFONAVIT.
Conclusions:
Analyze, compare and decide the best form of financing to acquire properties according to your personal finances. Take your time and find out your pre-authorized credit in less than 5 minutes .
