Mexican migrants could obtain Infonavit credit from the United States to purchase a home in Mexico from their place of residence, according to the general director of the Institute of the National Fund for Workers' Housing - Infonavit - Carlos Martínez Velázquez.
During his participation in the daily morning press conference of the President of Mexico, Andrés Manuel López Obrador, he highlighted that for the benefit of all immigrants in the United States, Infonavit, together with the Ministry of Labor and the Mexican Social Security Institute (IMSS), have made a plan to address their social security.
In this regard, the Mexican official reported that this Thursday, November 9, in the Housing and Social Security Commission of the Chamber of Deputies, a reform to the Law was ruled on, which aims to allow immigrants to register with Infonavit and be eligible for credit from the institute, as was done with Social Security.
Martínez Velázquez recalled that the Infonavit sin Fronteras program was established in 2019, where immigrants have been able to pay their own loan, that of their partner, or that of a friend or family member from the United States, through remittance companies with which the institute has an agreement.
"As a result of 2019 and a question that arose here ‒the morning press conference‒, we established the Infonavit sin Fronteras program. With it, immigrants from the United States with any remittance company can deposit their family member's credit here in Mexico," he said.
"Infonavit absorbs the commissions from remittance companies and has obtained 492 million pesos through this, which is equivalent to 10,000 homes being paid for from the United States here in Mexico - figures from January 2019 to November 2022 -," he stressed.
According to official figures from Infonavit, from January to November 2022 alone, compatriots in this country have paid 134 million 584 thousand 679 pesos, which corresponds to six thousand 011 loans, and which suggests a saving of two million 215 thousand 408 pesos in commissions.
It should be noted that, to make the payment, people must provide the 10-digit credit number at any branch of the four remittance companies with which Infonavit has an agreement: Dolex, Maxitransfers, Intercambio Express and Barri Financial Group.
With Infonavit Sin Fronteras, the cost of the commission for receiving the funds in Mexico is absorbed by Infonavit, Martínez Velázquez recalled.
On the other hand, he recalled that since this Thursday, February 9, the Universal Shared Responsibility Window was reopened, a program through which people who have an Infonavit credit can convert it from Times Minimum Wage to pesos and obtain savings on their balances.
And the fact is that, every year the amount of credit debt grows due to different factors such as inflation and impact, the increase in the minimum wage and the update of the units of measurement - UMA and UMI - so it is important that those who have a credit make their change because they still have time. For this 2023 alone, the increase in credit grew 5.2 percent. For example, if the balance of your credit was one million pesos, as of January 11, it increased to one million 52 thousand pesos.
So far, 2.4 million people still have their credit in times of minimum wage, so the Institute calls for making the change as soon as possible so as not to affect their economy. The change can be made via the Internet at https://micuenta.infonavit.org.mx.
Those interested in learning about Infonavit credits, procedures and services can access the website in a simple and clear way https://infonavitfacil.mx or call Infonatel at 011 52 55 9171 5050.
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