Infonavit

What Infonavit does

Infonavit (Instituto del Fondo Nacional de la Vivienda para los Trabajadores) is a decentralized public institution of the Mexican federal government, founded in 1972 to administer the constitutionally mandated housing sub-account system under Article 123 of the Mexican Constitution. Its core function is to collect mandatory 5% employer contributions on the integrated daily salary of every formally employed Mexican worker (registered with IMSS), pool these savings in individual Subcuenta de Vivienda accounts, and extend affordable mortgage credit, savings administration, and home improvement financing to millions of derechohabientes. The institution historically held 74% of Mexico's traditional mortgage market (2016) and serves all 32 Mexican states through a multi-channel distribution network (Cesi offices, kiosks, Infomóvil mobile units, Infonatel call center, WhatsApp, and the Mi Cuenta Infonavit web/mobile platform).

The product portfolio spans traditional mortgage credit (Crédito Infonavit, Infonavit Total), bank co-financing products (Cofinavit, Cofinavit Ingresos Adicionales, Apoyo Infonavit) underwritten with 17+ banking partners, complementary housing programs (Equipa tu Casa, Mejoravit, Hipoteca Verde, Hogar a tu Medida, Unamos Créditos), and protection products (Seguro de daños, Seguro de desempleo, Cobranza Social). Underlying technology is a stack of proprietary systems: the Sistema de Titulación Notarial (STN) for electronic notarial titling, the Sistema Electrónico de Avalúos (SEA) for property appraisal, the Registro Único de Vivienda (RUV) for housing supply registration, the Sistema de Redes Infonavit for promoter and developer network management, and the INEX performance index for provider scoring. Distribution is mediated through certified sales promoters, licensed appraisal units, ONNCCE/Aenor-certified construction verifiers, and the Colegio Nacional del Notariado Mexicano cooperation framework.

The business model is structurally that of a social housing finance fund rather than a commercial lender. Revenue is generated primarily through interest income on mortgage credits at differentiated fixed rates (3.69% to 10.45% by salary level), residual administration fees on legacy contracts, and penalty interest (recargos) on employer contribution arrears. The institution is not equity-funded and has no external shareholders; it is governed by a tripartite board (workers, employers, government) and supported by a wholly-owned construction subsidiary, Infonavit Constructora, S.A. de C.V., which executes the 2022 Vivienda para el Bienestar program for the lowest-income derechohabientes.

Name

Infonavit

Legal name

Instituto del Fondo Nacional de la Vivienda para los Trabajadores

Website

https://portalmx.infonavit.org.mx

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Infonavit is Mexico's constitutionally mandated housing fund institute, collecting 5% employer contributions from formal-sector workers and extending affordable mortgage, co-financing, and home improvement credit to millions of derechohabientes across all 32 states.

Ownership category

akta.pro rank

Product category

Government Housing Finance

NAICS

Credit Intermediation and Related Activities (522), Other Nondepository Credit Intermediation (52229), Mortgage and Nonmortgage Loan Brokers (52231)

SIC

Mortgage Bankers & Loan Correspondents (6162), Federal & Federally-Sponsored Credit Agencies (6111), Savings Institution, Federally Chartered (6035)

akta.pro primary industry

SBA/USDA Government-Backed Loan Intermediation (FSAEAEAI)

akta.pro secondary industries

Mortgage & Loan Introducers (Residential & Commercial) (FSAEAMAA), Prime (Agency/Conforming) Mortgage Servicing (FSALAEAA)

Keywords

• Mortgage lending services
• Housing finance fund
• Social housing credit
• Home improvement loans
• Construction mortgage credit

Headquarters

HQ city

Mexico City

HQ country

Mexico

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Employer contributions (5% of integrated daily salary): By constitutional mandate (Article 123 Fraction XII), Mexican employers contribute 5% of each worker's integrated daily salary to their INFONAVIT housing sub-account (Subcuenta de Vivienda). These contributions are not revenue in the commercial sense but form the capital base for the housing fund.
2. Interest income from mortgage loans: INFONAVIT earns interest income on the mortgage credits it extends to derechohabientes. Interest rates are differentiated by salary level (3.69% to 10.45%) and fixed for the life of the credit.
3. Credit administration fees: An administration fee (Cuota de administración) is charged to certain credit holders: 0.5% annual on outstanding balance for salaries 2.7-6.5 UMA, and 1% annual for salaries above 6.6 UMA. Those with credits contracted from May 2024 onward do not pay this fee.
4. Employer penalty interest (recargos): When employers fail to make timely contributions, penalty interest (recargos) accrue and are collected as part of outstanding balances owed to the institute.

Pricing tiers

Go-to-market motion3 records

Distribution channels10 records

Marketing channels9 records

Core offering

Infonavit provides mortgage credits, housing savings management, and complementary housing-related products and services to Mexican formal-sector workers (derechohabientes). Its portfolio spans traditional mortgage credits with salary-differentiated fixed rates, joint cofinancing products with partner banks, home improvement loans, green housing adaptations, accessibility modifications, property damage and unemployment insurance, and credit-combination tools — funded by mandatory 5% employer contributions deposited into each worker's Subcuenta de Vivienda.

Product overview

Infonavit operates as a comprehensive housing finance institution offering a multi-product portfolio of mortgage credits, savings programs, and housing services. The core offering includes traditional mortgage products (Crédito Infonavit, Infonavit Total), co-financing options with banks (Cofinavit, Cofinavit Ingresos Adicionales, Apoyo Infonavit), and complementary programs (Equipa tu Casa, Hogar a tu Medida, Hipoteca Verde, Mejoravit). The main digital platform is Mi Cuenta Infonavit (web portal with mobile apps), supported by telephone (Infonatel), in-person (offices and kiosks), and mobile (Infomóvil) service channels. Protection products include damage insurance, unemployment insurance, and social collection programs.

Differentiator

Problem solved

Functional benefit

Brands

• Mejoravit: Home improvement credit program allowing beneficiaries to purchase materials for home repair, remodeling, and improvement through affiliated merchants.
• Cofinavit
• Hipoteca Verde
• Hogar a tu Medida
• Equipa tu Casa
• Infonavit Total
• Apoyo Infonavit

Products and services

• Crédito Infonavit (Tradicional) Traditional mortgage credit for Mexican formal-sector workers with salary-differentiated fixed interest rates (3.69% to 10.45%) fixed for the life of the credit. Maximum amount up to $2,935,002.35 with terms from 1 to 30 years (age + term ≤ 70 for men, ≤ 75 for women). Since 2025, Buró de Crédito score does not affect the maximum credit amount.
• Apoyo Infonavit Certificate product allowing workers to use their Subcuenta de Vivienda savings as payment guarantee for a mortgage with a bank or financial entity. Functions as collateral/guarantee in case of unemployment, with no separate fee for the product.
• Cofinavit Joint mortgage credit offered by Infonavit and a financial entity, with the Infonavit portion up to $1,159,022.80 at a fixed 10.45% annual rate, enabling higher total financing amounts. Terms up to 30 years with no points required.
• Cofinavit Ingresos Adicionales Co-financing product for workers with additional income from tips or commissions, providing higher mortgage amounts through Infonavit (up to $684,715.01) and a financial entity partnership, with salary-differentiated fixed rates from 3.69% to 6.15%. Monthly salary must be below $13,908.27.
• Infonavit Total (Crédito Infonavit Total) Full mortgage credit for workers earning $13,908.27 monthly and above, with salary-differentiated fixed rates from 6.15% to 10.45%. Maximum amount up to $2,935,002.35. Can be combined with a spouse for higher financing.
• Mejoravit Home improvement credit program allowing beneficiaries to purchase construction materials, products, tools, and services for home repair, remodeling, and improvement through affiliated merchants nationwide.
• Equipa tu Casa Additional credit amount for remodeling, improving, repairing, and equipping homes without affecting the property structure. Used as a complement to the main mortgage credit or as a separate credit, accessed through an affiliated commerce network managed in coordination with OF CONSULTORIA and Broxel payment services.
• Hipoteca Verde Green mortgage program for ecological technologies and sustainable home improvements, including solar panels, rainwater systems, and energy-efficient equipment, available for credits originated before March 18, 2022.
• Hogar a tu Medida Accessibility program providing vouchers for housing modifications and products for people with disabilities, enabling them to adapt their homes. Voucher amounts are validated through the Ecoweb system.
• Vivienda para el Bienestar Housing program for workers earning 1-2 minimum wages without own housing, with construction delivered via Infonavit Constructora S.A. de C.V. and registered developers.
• Unamos Créditos Infonavit Product allowing the combination of mortgage credits between spouses, family members, or co-residents to obtain higher financing for the acquisition of new or used housing.
• Crezcamos Juntos Growth program supporting derechohabientes in expanding housing solutions and credit capacity over time.
• Cuenta Infonavit + Crédito Bancario Combined product linking Infonavit savings with bank credit, allowing workers to leverage their Subcuenta de Vivienda alongside a partner bank's mortgage.
• Aportaciones Extraordinarias Program allowing workers to make additional direct contributions to their Subcuenta de Vivienda beyond the mandatory employer contributions, increasing their housing savings and credit capacity.
• Seguro de Daños Property damage insurance coverage included with homes acquired through Infonavit credits, protecting the asset against physical damage.
• Seguro de Desempleo Unemployment insurance providing payment protection for credit holders who lose their formal-sector job, complementing the Apoyo Infonavit guarantee mechanism.
• Cobranza Social Social collection program offering structured alternatives and restructuring options for credit holders experiencing payment difficulties.

Quantifiable outcome

• Tasa diferenciada por nivel salarial — lower-income workers receive lower interest rates (from 3.69%), making credit more affordable.
• +3 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration17 records

Feature7 records

Partnerships

25 partnerships are on record, tiered core.

• Colegio Nacional del Notariado MexicanocoreStrategic or Co-development Partner · 21 August 2017Cooperation agreement signed August 21, 2017 (modified October 16, 2019) establishing the framework for collaboration between INFONAVIT and notaries, including service standards, sanctions framework, and special review commission rules.
• AfirmecoreChannel Partner/ Reseller/ DistributorBank participating in INFONAVIT's Cofinavit cofinancing program, providing joint mortgage credit alongside INFONAVIT for derechohabientes.
• Banco del BajíocoreChannel Partner/ Reseller/ DistributorBank participating in INFONAVIT's Cofinavit cofinancing program.
• Banco BienestarcoreChannel Partner/ Reseller/ DistributorBank participating in INFONAVIT's Cofinavit cofinancing program, focused on social banking.
• Banco Inmobiliario MexicanocoreChannel Partner/ Reseller/ DistributorBank participating in INFONAVIT's Cofinavit cofinancing program.
• Banca MifelcoreChannel Partner/ Reseller/ DistributorBank participating in INFONAVIT's Cofinavit cofinancing program.
• BanortecoreChannel Partner/ Reseller/ DistributorOne of Mexico's largest banks, participating in INFONAVIT's Cofinavit cofinancing program.
• BanregiocoreChannel Partner/ Reseller/ DistributorBank participating in INFONAVIT's Cofinavit cofinancing program.
• Banco Ve por MáscoreChannel Partner/ Reseller/ DistributorBank participating in INFONAVIT's Cofinavit cofinancing program.
• BBVA BancomercoreChannel Partner/ Reseller/ DistributorOne of Mexico's largest banks, participating in INFONAVIT's Cofinavit cofinancing program for mortgage credit.
• CitibanamexcoreChannel Partner/ Reseller/ DistributorBank participating in INFONAVIT's Cofinavit cofinancing program.
• HSBC MéxicocoreChannel Partner/ Reseller/ DistributorInternational bank participating in INFONAVIT's Cofinavit cofinancing program in Mexico.
• InbursacoreChannel Partner/ Reseller/ DistributorBank participating in INFONAVIT's Cofinavit cofinancing program.
• ION FinancieracoreChannel Partner/ Reseller/ DistributorFinancial entity participating in INFONAVIT's Cofinavit cofinancing program.
• MetrofinancieracoreChannel Partner/ Reseller/ DistributorFinancial entity participating in INFONAVIT's Cofinavit cofinancing program.
• PatrimoniocoreChannel Partner/ Reseller/ DistributorFinancial entity participating in INFONAVIT's Cofinavit cofinancing program.
• Scotiabank InverlatcoreChannel Partner/ Reseller/ DistributorBank participating in INFONAVIT's Cofinavit cofinancing program.
• Santander MéxicocoreChannel Partner/ Reseller/ DistributorOne of Mexico's largest banks, participating in INFONAVIT's Cofinavit cofinancing program.
• ONNCCE (Organismo Nacional de Normalización y Certificación de la Construcción y Edificación)coreTechnology or IntegrationStandards body that certifies construction verification companies per NMX-C-442-ONNCCE-2019, required for verifiers of obra working with INFONAVIT.
• Aenor MéxicocoreTechnology or IntegrationCertification body that certifies construction verification companies per NMX-C-442-ONNCCE-2019 for INFONAVIT verifiers.
• Sociedad Hipotecaria Federal (SHF)coreTechnology or IntegrationFederal mortgage bank that authorizes Controllers and Professional Valuers who work with INFONAVIT's valuation units.
• Conocer (Consejo Nacional de Normalización y Certificación de Competencias Laborales)coreTechnology or IntegrationNational body that accredits certification entities for competency standards including those for sales promoters working with INFONAVIT.
• Infonavit Constructora, S.A. de C.V.coreStrategic or Co-development PartnerWholly-owned subsidiary of INFONAVIT dedicated to constructing housing for derechohabientes, particularly those earning 1-2 minimum wages under the directive of President Claudia Sheinbaum Pardo.
• OF CONSULTORIAcoreImplementation/ SI/ Consulting PartnerExternal provider managing the affiliation process for commerce establishments to the Equipa tu Casa program, reviewing documents and managing platform access.
• Servicios BroxelcoreChannel Partner/ Reseller/ DistributorPayment platform provider enabling the electronic transfer of funds for the Equipa tu Casa program.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• FOVISSSTE: Mexico's federal-government workers' housing fund, structurally analogous to INFONAVIT but serving state workers rather than private-sector formal workers. Operates a parallel mortgage credit and sub-account system funded through public-sector payroll contributions.
• Sociedad Hipotecaria Federal (SHF): Mexican federal mortgage bank that authorizes Controllers and Professional Valuers working with INFONAVIT and provides wholesale liquidity to the Mexican mortgage market. Closest peer in terms of national-scale government mortgage infrastructure.

Broad incumbents

• BBVA México: One of Mexico's largest commercial banks and a Cofinavit partner with INFONAVIT. Competes with INFONAVIT in mortgage origination for higher-income segments while co-financing with it for formal-sector workers.
• Santander México: Major Mexican commercial bank and Cofinavit partner. Provides traditional mortgage products that overlap with INFONAVIT's offerings for higher-income workers while participating in joint cofinancing programs.
• Banorte: One of Mexico's largest commercial banks and a Cofinavit partner, originating mortgages across the income spectrum and competing with INFONAVIT for higher-tier borrowers.

Emerging players

• Fannie Mae: U.S. government-sponsored enterprise providing liquidity to the American mortgage market. Comparable institutional model to INFONAVIT's constitutional mandate approach to housing finance at massive national scale.
• Freddie Mac: U.S. government-sponsored mortgage entity providing secondary market liquidity. Peer in mission and scale, supporting affordable housing finance through a quasi-governmental structure analogous to INFONAVIT.

Regional players

• Canada Mortgage and Housing Corporation (CMHC): Canadian Crown corporation providing mortgage insurance and housing finance programs. Comparable in mission (government-backed affordable housing) and in operating mortgage default insurance and social housing programs.
• Housing & Development Board (HDB) Singapore: Singaporean statutory board providing public housing finance and supply. Comparable as a national-scale government housing fund with mandatory savings components and a captive working-citizen addressable market.

Others

• IMSS (Instituto Mexicano del Seguro Social): Mexican Social Security Institute that registers formal-sector workers whose 5% employer contributions flow to INFONAVIT. Closely linked ecosystem participant providing the worker data backbone that defines INFONAVIT's addressable population.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Infonavit
• Facebookfacebook.com/ComunidadInfonavit
• LinkedInlinkedin.com/company/infonavit

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Infonavit