What requirements must a house meet for Infonavit
What requirements must a house meet for Infonavit*DO YOU WANT TO BUY A HOUSE WITH YOUR INFONAVIT CREDIT? MAKE SURE IT MEETS THE FIVE MINIMUM REQUIREMENTS THAT WE SHARE WITH YOU BELOW*Infonavit provides thousands of mortgage loans each year, however, the beneficiaries cannot buy any house with the credit that has been granted to them. For your mortgage loan application to be approved, the property must have the following requirements:Requirements that a house must have for Infonavit
- Have basic services
- Have a safe location
- Be registered in the RPP
- Have current water and property payments
- Have a quality technical opinion
- Have a useful life of at least 30 years
Have basic servicesOne of the main requirements for a house to be purchased through an Infonavit loan is that the property has basic services and is located in an urbanized area, that is, that the property has electricity, drinking water and drainage. If not, you will not get the financing to buy it.Have a safe locationIn addition, it is essential that the property is built in an area that does not imply danger for those who inhabit it, or for those who are located around it. Therefore, it is completely impossible to buy a property through Infonavit that is close to fuel tanks, pipelines or sanitary landfills. Likewise, houses that are located on ravines or geological faults cannot be accredited by Infonavit. Be registered in the RPP and have current water and property paymentsThe property deeds must be registered in the Public Property Registry (RPP), in this way, the risks of fraud are reduced since this is the only institution that gives the right to a property to a person. In addition to this, all water and property payments must be current, otherwise the debts will have to be settled so that you can buy the house. In general, Infonavit requests to present the bills paid for the property and water for the last five years. Sky Marketing is a leading marketing company working on many real estate projects like smart city, blue world city and development housing societies in Pakistan.Technical quality reports the technical opinion of quality is a requirement in the sale of used houses. This document works as a guarantee to ensure that the property, with the conditions presented at the time of the appraisal, can function as a guarantee against the mortgage loan. It must have a minimum of 70 points to be considered functional.Have a useful life of at least 30 yearsFinally, a requirement that is beneficial for both Infonavit and the buyer is that the house has a minimum useful life of 30 years. This is determined during the appraisal, it is important that you make sure to hire a trusted appraiser. If you do not know any, Infonavit provides a directory of Valuation Units where you can choose according to their service scores and attention time.What is the Infonavit Green Mortgage?Infonavit requires that all houses, whether new, used, built or remodeled, have eco-technologies (saving accessories). If the property does not have this characteristic, Infonavit provides an additional amount to equip the house, also based on the salary of the beneficiary. The purpose of the Green Mortgage is to help preserve the planet and benefit the rightholder thanks to the savings that these accessories represent.Some accessories that may include the properties are light bulbs, heat insulators, toilets, solar heaters, and faucets.Are you looking for a house to buy? Get to know our varied real estate offer and find your next home.