Buying your own home is the dream of thousands of Brazilians who seek special payment terms with more attractive interest rates, as well as other features for purchasing a property. So, let's talk about homes financed by Caixa and whether they are worth it.

In this text, you will understand the advantages of financing a property through Caixa, the amounts and necessary documents, and understand whether it is a good alternative for you.

So, read on and learn more about this financing. Check it out!

Among the advantages of financing a property through Caixa is the fact that you can use your FGTS as a down payment, so you can also pay off your outstanding balance through your FGTS.

Furthermore, the Central Bank also offers up to 80% to pay the installment amount or settle the outstanding balance.

In return, you must have at least 3 years of employment and the property purchased must be located in the municipality or neighboring municipality where you live or work. 

Furthermore, purchasing a property financed by Caixa also involves less bureaucracy than other financial institutions.

Likewise, the installments fit your budget, because they work according to your minimum income.

Furthermore, Caixa also offers a housing credit line that can be paid in up to 35 years depending on the property and payment conditions. Thus, depending on the financing method, you can opt for a grace period to pay off the outstanding balance and during this period you only pay the MIP and DFI insurance premiums.

Furthermore, Caixa also offers programs that promote the right to housing, the best known of which is the Casa Verde e Amarela Program, which replaced the Minha Casa Minha Vida Program. So, simulate the values and apply for your financing now!

To have the house financed by Caixa, the value of the financing installment cannot exceed 30% of the family's monthly income, with the maximum value for housing financing being R$1.5 million. 

Therefore, Caixa Econômica Federal requires a down payment of at least 10% of the property value. In fact, in cases where you are going to use the FGTS, you must use the FGTS as a down payment for the financing to reduce the term or the amount of the charge, pay up to 80% of the installment value and settle the outstanding balance.

Firstly, the time frame for having the house financed by Caixa will depend on each case and the credit analysis.

Therefore, the time can take from 20 days to 2 months and, after the contract is closed, the property owner can take from 60 to 90 days to receive the sales amount.

Furthermore, the contract administration fee is intended for the maintenance and administration of the contract and is charged every month in the installment and is only mandatory for transactions involving properties included in the financing system. 

Furthermore, the maximum financing term varies according to the chosen indexer or fixed rate, ranging from 120 to 420 months.

Therefore, the interest rates of the contract will also be defined according to the term and the relationship profile that provides different levels of interest rate bonuses. Thus, we can see that most of the services provided by Caixa will depend on the customer's credit analysis.

To have your house financed by Caixa, you will basically need:

Therefore, the necessary documents are also simple documents to prove the veracity of your claims.

Furthermore, with the documents you will need to prove that the financing payment does not exceed 30% of the value of your income.

This is because, in this way, you demonstrate to Caixa that you will be able to honor your commitments.

Furthermore, Caixa will perform a credit analysis to approve or reject your financing request, so you must have at least no restrictions on your CPF for the request to be approved. Furthermore, we recommend that you clear your name before attempting to make the request.

Yes, it is worth having your home financed by Caixa Econômica Federal. But before choosing to finance your property through Caixa, analyze all the advantages and disadvantages and also contact your broker to find out if this is the best option for you.

Now that you know everything about Caixa financing, click on the recommended content below to apply for real estate credit.