Your right as an immigrant and the Infonavit Law

The Mexican migrant population in the United States has the possibility of accessing a loan to acquire a house in Mexico with the support of the Institute of the National Housing Fund for Workers (Infonavit) through the Infonavit Sin Fronteras program.

In December of last year, the reform to the Infonavit Law was approved and put into operation, which guarantees the delivery to the population of financing to acquire a home without intermediaries.

On the other hand, the Institute of Mexicans Abroad (IME), seeks that Mexican families abroad have access to housing through loans provided by Infonavit. Given this, Infonavit without Borders was created, so that these financing through the Infonavit scheme are granted to relatives of residents abroad who live in Mexico.

In this way, through the Infonavit without Borders program, Mexican migrants in the United States can access a mortgage loan from Infonavit or even if they were listed in the Mexican Social Security Institute (IMSS). "The reform of the Infonavit Law will seek to provide financing options so that workers who have ever contributed to the IMSS can use the savings from their Housing Sub-account and access a loan," Infonavit explained in a statement.

In this way, Infonavit allows nationals in the United States to pay the loan of an Infonavit home belonging to a relative or a third party if they so wish. And it details that it is important to review the following points:

  • Check my the status of your account.
  • If you worked in Mexico contributing to the IMSS between 1972 and 1992, check if you have a credit balance and the requirements to withdraw it.
  • If you have a balance in the Housing Subaccount (SCV), you can withdraw it at age 65. SCV resources are inheritable!

To date, Infonavit sin Fronteras has made it possible for more than 7,000 Mexicans in the United States to make the payment of their mortgage or that of their family, according to official data, it has generated transfers of more than 203.4 million pesos.

One of the benefits of the program is that Infonavit absorbs the commissions for receiving payments in Mexico through the contracts it has with remittance companies.

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