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In recent years, the Institute of the National Housing Fund for Workers (Infonavit) and the Housing Fund of the Institute of Security and Social Services of State Workers (Fovissste) have reduced the number of requirements to obtain a loan mortgage. Although this is good news, the truth is that there are still deficiencies in terms of the process and the characteristics of the credit they offer.

Regardless of the fact that you do not have one of these government options – or that its characteristics do not suit your needs – , you have other options to buy the house of your dreams through a mortgage loan.

Learn more: Infonavit or mortgage credit, what is best for you?

One of the best alternatives —both for its characteristics and for the agility of the process— are the mortgage loans offered by financial institutions. Perhaps the first thing that came to your mind was your bedside bench, but you should know that there are other options that could better respond to your tastes and needs.

In general, to access a mortgage loan you must meet the following requirements:

Have a good record in the Credit Bureau.
Check minimum income of 15 to 20 thousand net pesos per month.
Have an initial capital to pay the initial expenses , such as the down payment , the appraisal, the notarial expenses, among others.
Learn more: What are the initial expenses of a mortgage loan?


The first thing you should analyze before applying for a mortgage loan is if you can pay for it. Having healthy finances , having a savings fund and not having any type of debt, are very important factors in deciding if you can assume a long-term fixed commitment.

The National Commission for the Protection and Defense of Users of Financial Services (Condusef) recommends answering the following questions before applying for a loan.

1. Do you have too large debts that also generate very high interest? If this is your case, first eliminate all your debts so that you can start this new stage without any problem.

2. Do you have 20% of the total value of the house or apartment to cover the down payment? Remember that, usually, financial institutions lend up to 80% of the total value of the home, the rest must come from your finances.

3. Does your salary allow you to cover this new expense without problems? If you look forward to the fortnight to pay your debts and have money, it may not be the right time to make this new commitment.

Learn more: Requirements to be a candidate for a mortgage loan
If you are still not convinced and plan to use your Infonavit or Fovissste credit, take a look at this comparison and analyze which is your best option : a government mortgage loan or a product made to measure for you by a financial institution.

Remember that the main benefits of choosing a mortgage loan outside of Infonavit are:

Lower interest rate.

Largest loan.

Fixed payment, without any type of increase.

Free co-accreditation with family and friends.

Fast and online process.

Are you at the best time to acquire a mortgage loan? We invite you to pre-approve with Yave , the first 100% Mexican mortgage that offers you benefits that traditional banks do not.

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