Mexico - Request for the Mortgage Credit Account System at the ISSFAM (Social Security Institute for the Mexican Armed Forces)

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Procedure

Apply In Person

1. To Request the Mortgage Credit Account System at the ISSFAM (Social Security Institute for the Mexican Armed Forces), the applicant has to approach the Housing Fund of the Institute of Security and Social Services for State Workers. link
2. Inquire about the Mortgage Credit Account System and ask for details regarding eligibility criteria, required documents, and the application process.
3. An application form will be provided to the applicant by the concerned officer.
4. The applicant has to fill in all the necessary details in the application form. (Incomplete applications are not accepted)
5. Make sure that the applicant has attached all the necessary documents that are mentioned in the “Required Documents” section of this page.
6. The applicant has to attach the photocopies of the required documents along with the application form while submitting.
7. Submit all the documents with the completed form to the concerned officer.
8. The applicant has to pay the prescribed fee as requested by the authority.
9. After receiving the application, the concerned authority will check the submitted application and document set. If all are in place, the application will be accepted.
10. Then the application will be processed further. All the updates on the application status will be sent via SMS to the applicant’s mobile number.
11. If your application is approved, ISSFAM will provide you with details of the Mortgage Credit Account System, including loan terms, interest rates, and repayment conditions.
12. Review the terms and conditions of the mortgage credit, and if you agree to them, sign the necessary agreement documents.
13. After completing all the formalities, ISSFAM will disburse the mortgage credit to your designated account.
14. This entire process can be completed within 15 days or per the timeline the respective department authority advised.

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Required Documents

• Application form
• Identification documents (e.g., passport, national ID card).
• Proof of address (e.g., utility bills, lease agreement).
• Proof of income
• Bank statement
• Employment ID
• Employment verification
• Marriage Certificate or Cohabitation Proof (if applicable)
• Any other documents (If required)

Office Locations & Contacts

Housing Fund of the Institute of Security and Social Services for State Workers.
Miguel Noreña No. 28 Col. San José Insurgentes 03900 Mexico City
Phone: 800 368 4783
Citizen Service: 800 368 4783
Email - [email protected]
Contact link

Eligibility

The applicant may be eligible to request for the Mortgage Credit Account System at the ISSFAM (Social Security Institute for the Mexican Armed Forces) in Mexico if you meet the following requirements:

• You must be a Mexican citizen or a foreign national with a legal residence in Mexico.
• You must be a member of the Mexican Armed Forces or a retired member of the Mexican Armed Forces.
• You must have a minimum of 10 years of service in the Mexican Armed Forces.
• You must have a minimum monthly income of 2,500 pesos.
• You must not have any outstanding debts with ISSFAM.
• You must be able to provide a down payment of at least 10% of the purchase price of the property.

Fees

• The applicant has to pay the prescribed fee as requested by the authority.

Validity

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever

Documents to Use

Please attach documents that people can use. e.g. links

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• This entire process can be completed within 15 days or per the timeline the respective department authority advised.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicants must complete the application form before submitting it. Incomplete applications will not be accepted.
• Applicants must provide genuine information while applying for this procedure.

Required Information

• Name
• Surname
• Address
• ZIP code
• Date of Birth
• Gender
• Mobile number
• Fax
• Email
• Parents name
• Nationality
• Education details
• Mailing address
• Other details
• Declaration
• Date
• Signature

Need for the Document

• The Mortgage Credit Account System at the ISSFAM (Social Security Institute for the Mexican Armed Forces) in Mexico is a government-backed loan program that helps members of the Mexican Armed Forces and their families purchase a home. The program provides members of the armed forces with access to low-interest loans, long repayment terms, and no down payment required.

Information which might help

• The mortgage loan will be used to finance the purchase of a property. You will be responsible for making monthly payments to ISSFAM. The term of the loan will depend on your age and the amount of the loan.

Other uses of the Document/Certificate

Please explain what are other uses for obtaining this document/certificate.

e.g. Birth Certificate can be used as proof of identity.

External Links

link

Others

More information might help people.