FOVISSSTE 2021 pensioner credit: what is the age limit for obtaining housing assistance if you are retired

The Housing Fund of the Institute for Social Security and Services to State Employees (FOVISSSTE) set up a program for retirees who, during their working life, have not exercised a mortgage loan.

The program goes intended for retired adults up to the age of 74 years and 11 months, so that they can buy a home that is granted to them individually.

Seniors can buy a home, whether it is new or used. The amount of credit is determined according to the tables of maximum credit amounts, which take into account the age of the pensioner and the amount of the pension.

The credit balance is updated based on increases in the unit of measure and update. While the The applicable interest rate is 4% to 6% depending on the amount of the pension.

Intended for ISSSTE retirees:

– Unemployment pension at an advanced age

– Retirement pension

-Pension for having retired due to age and length of service.

Conditions

In case you are interested, here are the necessary conditions

-Not having obtained a mortgage loan from FOVISSSTE during their working life.

– Having retired under the regime of the tenth transitional article of the ISSSTE law.

-To apply, you must be between 47 and 74 years old and 11 months old.

-Present at one of the windows authorized in the Housing or Financial Entities departments.

The beneficiary has a maximum repayment term of 20 years.

How do I apply for it?

-The first step is to check the maximum amount of credit granted by Fovissste on: https://originacion.fovissste.com.mx/originacion/cgi-bin/Predictamen/Predictamen_gob.aspx

– Appear in one of the housing services or financial entities authorized to request registration. Go to the following website to find authorized financial entities:

-When the credit is authorized, you must integrate the file and create the credit with the following documents: http://entidadesfinancieras.fovissste.gob.mx/EntidadesFinancierasGob/Front/BuscarEntidadFinanciera.aspx

-Format filled in by hand and signed in original by the interested party.

-Last pension receipt.

-Current official identity (proof of vote with photograph issued by INE, passport or professional identity card).

-Professional certificate.

– Proof of address (no more than 3 months).

-CURP.

-CUV (single housing certificate). In the case of new housing, it must be provided by the seller.

-By gathering all the documents, the next step will be the allocation of housing, where the pensioner has to check that it is 100% built and has all the services and a registered valuation. You will need to know the total price, payment terms, delivery time and the exact location.

-Finally, the financial institution will ask the notary for a signing date for the deeds and must indicate the documentation to be presented

Marriage credit

Matrimonial credit is a program in which you can add the resources of the beneficiary who contributes to Fovissste, together with the partner who contributes to the Institute of the National Fund for Workers’ Housing (Infonavit).

Funding is used to choose better accommodation, is only given to married citizens and manages a repayment term of up to 30 years and keeps balances up to date according to Unit of Measure and Update (UMA).

With this credit, they will be able to buy a new or used house, with an interest rate varying from 4 to 6%.

Learn more about this topic:

Fovissste 2021: why it’s important to be up to date on payments or make an additional payment before February 1

Fovissste step by step: how to register your statement online

FOVISSSTE for all 2021: amount of credits and conditions for obtaining

FOVISSSTE: how to apply for the “For All” loan in pesos