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Infonavit suspends ‘Green Mortgage’ and ‘Remodelavit’ credits

The Institute of the National Fund for Housing for Workers (Infonavit) temporarily suspended the operation of the Line IV credit modalities “Remodelavit” and Green Mortgage for the acquisition of eco-technologies or home repairs to renew the schemes of financing.

In a statement, Infonavit directed by Carlos Martínez Velázquez assured that the measure, implemented as of March 19, 2022, will not affect borrowers and workers who applied for their credits before said date.

“The Infonavit temporarily suspended the operation of the three modes of credit Line IV “Remodelavit” (with structural affectation with mortgage guarantee, without structural affectation and without mortgage guarantee and without mortgage guarantee and without structural affectation with mortgage guarantee) and Green Mortgage”, he highlighted.

He added that, after the suspension of said schemes, the Infonavit announce new schemes credit to meet these housing needs throughout the year and early 2023.

“From the temporary suspension of Green Mortgage and the credit modalities of Line IV “Remodelavit”, (the Infonavit) is working on the design of financing actions to meet real demands for remodeling and housing expansion”, he highlighted.

Thus, it guaranteed that those who have contracted any of these mortgage products previously with Infonavit They may make use of their financing for the purchase of eco-technologies or home repairs, depending on the loan they have contracted and provided they meet the necessary requirements to exercise them.

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