Infonavit Scraps Points for Mortgage Loans

Mexico — The National Workers' Housing Fund Institute (Infonavit) has officially eliminated its points system as a requirement for obtaining a mortgage loan, according to an announcement by its director, Octavio Romero Oropeza. This measure is intended to facilitate homeownership for a greater number of workers in Mexico, with a particular focus on young people entering the workforce.

New Requirements for Home Loans

During a morning press conference, Romero Oropeza detailed that young workers will now be eligible to apply for a loan after just six months of employment, with repayment terms extending up to 30 years. This change marks a significant departure from the previous system, which required applicants to accumulate 1,080 points to qualify for financing.

The director stated that this decision was made in response to a direct instruction from President Claudia Sheinbaum. The move is part of the federal government's "Housing for Well-being" program, a national strategy focused on guaranteeing access to decent and affordable housing for all of the country's workers.

"Issuing mortgage loans was a challenge because there weren't enough resources, housing was very expensive, and the mortgage loan requirement was 1,080 points, which was very difficult for those entitled to purchase a home," the official said during his address.

Simplified Access for Workers

Romero Oropeza explained that individuals interested in applying for a loan will now only need to meet three basic requirements:

• Earn between one and two times the current minimum wage.
• Not currently own a home.
• Have a formal job.

The director of Infonavit stated that the points system had become an obstacle for thousands of Mexican families, as many workers were unable to meet the necessary score despite fulfilling other employment conditions. With its elimination, the loan application process is expected to become more accessible and less bureaucratic.

According to the official, this measure will primarily benefit young people and low-income workers, who historically faced greater challenges in meeting the criteria under the previous system.

"What we seek is for all Mexicans to have the real opportunity to own their own home," he added.

With this reform, Infonavit aims to promote housing inclusion and strengthen the right to housing as an essential component of social well-being, a goal aligned with the new development policies promoted by the federal government.