Infonavit Total: The New Mortgage Option Explained

Infonavit Total is the option that evolved from the classic co-financing scheme, combining Infonavit financing and financing from a participating bank into a single loan, but with a larger share of bank funding than traditional Cofinavit. This allows the derechohabiente (Infonavit-eligible worker) to aim for a higher-value home without depending as heavily on qualifying with the bank on their own. The application is submitted through the Infonavit portal and the bank you choose, and the payment stays simple: a single monthly installment deducted from your payroll, which is split internally between the two sources of credit.

How it differs from Cofinavit

The main advantage of Infonavit Total over traditional Cofinavit is the share of bank financing that can be added to Infonavit's contribution: in Infonavit Total this share is usually considerably larger, which lets you buy a higher-value home without relying as much on the bank to qualify on your own. The scheme was also designed to simplify the process, integrating Infonavit's pre-qualification and the bank's evaluation into a more coordinated flow, with less duplication of documents between the two institutions. The way interest is calculated and payments are split between the two parts of the loan also changes, something worth reviewing carefully in the simulation each bank offers before you decide, because not all institutions participate under the same conditions or with the same cap on the additional amount.

Requirements to apply

The requirements combine what Infonavit asks of you as a derechohabiente and what the co-financing bank requires, as with any commercial mortgage. Before starting the process, it's a good idea to gather the following documents and make sure your employment situation is in good standing:

• Be an active derechohabiente with a sufficient Infonavit score
• Pre-qualification approved by the participating bank you choose
• Proof of income, both payroll and additional income if applicable
• Valid official ID, CURP, and proof of address
• Credit history with no serious debts reported to the credit bureau (buró de crédito)
• Appraisal of the property within the maximum amounts authorized

The process step by step

The process starts with generating your pre-qualification on the Infonavit portal to find out the amount you're entitled to based on your salary and accumulated points. With that result, you go to the participating bank of your choice so it can evaluate your additional repayment capacity and determine how much it can contribute. Once both sides approve, you choose the home, the appraisal is carried out, and a single contract is signed before a notary public (notario público) covering the joint loan. From that point on, the monthly payment is deducted from your payroll as a single payment, although internally it is split between Infonavit and the bank as agreed, which saves you from managing two different payment calendars every month.

Frequently asked questions

Does Infonavit Total completely replace Cofinavit?

In practice, Infonavit Total is the evolution of the joint-credit scheme and usually offers broader conditions, although the availability of participating banks may vary by region and over time.

Do I need a high score to qualify for Infonavit Total?

Yes, a sufficient score as a derechohabiente is required, in addition to separate bank approval, since both institutions evaluate your profile independently before approving the joint loan.

Can I use Infonavit Total for a used home?

Generally yes, as long as the property meets the appraisal and the technical and legal requirements that both Infonavit and the co-financing bank demand for this type of transaction.