Financing from Caixa for home ownership will have a reduction in interest rates

Caixa Econômica Federal announced last week the reduction of interest rates in the financing to the own home, using resources from the FGTS. The new rates will start at TR + 7.66% per year for properties valued up to R$350,000. The reduction that has been recorded is 1 p.p. compared to the previous rate.

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As for properties above R$ 350,000, where it is limited to the ceiling of the Housing Finance System, of R$ 1.5 million, the rate was reduced by 0.5%, around 8.16% per year + TR.

This financing contract with the new rates requires two conditions: the person presenting a proposal must be framed in the pro-quota mode and also contract the credit until December 31 of this year.

The bank also announced that the financing quota of the pro-quota line was increased to approximately 80% of the appraised value of the property. For those who are pro-quota holders, financing for new or second-hand homes is allowed anywhere in Brazil with amounts of up to R$1.5 million. This is the cheapest line of real estate credit that is not included in the Casa Verde e Amarela program.

In the pro-quota, it is necessary that the buyer of the property has at least three years of contribution of FGTS and a balance of at least 10% of the value of the good to be financed in your fund accounts guarantee.

The modality also requires that the buyer's gross family income does not have a commitment of 30% of the financing installments. Efforts to be able to increase funding for the pro-quota line are based on a “surplus” of FGTS resources, because there was a very sharp drop in the number of projects that were contracted by construction companies this year, amid the surge in costs.

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