Understanding Fovissste and Its Housing Credits
If you are a government employee, you have access to a valuable benefit: housing credits. However, the process of applying for and obtaining these credits differs from that of private financial institutions. The Fondo de Vivienda del Issste (Fovissste) is the institution responsible for providing housing credits to government workers. Fovissste offers various financing modalities to help its affiliates secure a dignified home.
Multiple Channels for Applying
To streamline the process, Fovissste has established different channels for applicants to initiate their request online, over the phone, or in person. The procedure can vary depending on the type of credit sought—traditional, second financing, or special modality.
Types of Housing Credits and Application Processes
- Traditional Credit (in UMA or pesos): This credit can be applied for directly online without the need for lotteries or calls. Applicants can access “Mi Portal Fovissste” at any time of the year and start their application process continuously. Starting in 2025, this option will be available both in UMA and pesos to provide greater flexibility for government workers.
- Tú Construyes: This credit aims to finance the acquisition of land and construction, building on owned land, expanding, rehabilitating, or completing a home. To apply for this loan, participants must enter the call and join the pilot program.
- Fovissste para Todos: This financing is granted through a banking institution and complemented by the equivalent of the Fovissste Subaccount balance. Applicants must visit Banorte and BBVA branches, which are the participating entities in this scheme.
- Second Traditional Credit: For those who already have a first credit and wish to apply for another, there is the option of obtaining a second financing. In this case, the application should be made via phone by calling 800 368 4783 and selecting option six. Additionally, applicants should visit the participating banks for this modality.
- In-person application at Fovissste offices: Another alternative is to visit Fovissste offices directly, where staff can guide you through the process. In this case, applicants must fill out a form and present basic documentation such as CURP, official identification, and proof of residence.
Authorized financial entities (mainly multiple-purpose financial societies) can also process the Pensioners, Conyugal, and Fovissste – Infonavit – Individual schemes.
Key Questions and Answers
- What is Fovissste? Fovissste, or the Fondo de Vivienda del Issste, is a Mexican government institution that provides housing credits to government employees.
- What types of housing credits does Fovissste offer? Fovissste offers traditional credits in UMA or pesos, the Tú Construyes program for building or renovating homes, Fovissste para Todos for additional financing through banking institutions, second traditional credits for those who already have one, and in-person application options at Fovissste offices.
- How can I apply for a Fovissste credit? Applicants can choose from multiple channels, including online applications through Mi Portal Fovissste, phone applications for second traditional credits, or in-person visits to Fovissste offices or authorized financial entities.
- What documentation do I need to apply for a Fovissste credit? Basic documentation required includes CURP, official identification, and proof of residence. Additional requirements may apply depending on the specific credit type.
