Government Aid

Discover the Minha casa, Minha vida program

With the Minha Casa Minha Vida program, you have the chance to stop renting and own your own home. Thus, you replace one installment with the other and still pay for something that is yours. Keep reading and check out everything about the program.

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Find out how to get out of rent and buy a house with installments that fit in your pocket

Conheça o programa Minha casa Minha vida. Fonte: Trisul.
Get to know the Minha casa Minha vida program. Source: Trisul.

The Minha casa Minha vida program is a Federal Government program with the objective of facilitating the financing of own property by means of subsidies. In this, subsidies are used to reduce the purchase installments of the property and you can sometimes pay even less than what you pay in your rent.

So, today, we're going to show you how this program works, how you can apply, and other useful information about it! Check out!

How to enroll in the Minha casa Minha vid Program

Discover here the step-by-step process for enrolling in the Federal Government housing program.

What is the Minha casa Minha vida program and how does it work?

Conheça o programa Minha casa Minha vida. Fonte: Anoreg.
Get to know the Minha casa Minha vida program. Source: Anoreg.

Well, it is a program bringing together housing initiatives from the Federal Government to expand housing and meet the needs of citizens.

So, it aims to promote housing development, stipulating modernization in cities, acting in different ways. The goal is to start the process of land regularization of more than 100,000 properties by the end of 2021.

What are the advantages?

Well, there are several advantages of the Minha casa Minha vida housing program. Initially, the first major advantage is the performance on different fronts. This is because the focus of the program continues to be on financing housing for hundreds of people, but also allowing for fiduciary regularization and property renovation.

Furthermore, interest rates are much lower, since the minimum percentages are in the range of 4.25%, which may vary according to family income and location.

So, the government also intends to expand the choice of properties, providing properties with values a little higher than those foreseen in the old program, as well as, with more attractive installments!

Another advantage of this program is that it is easier for residents of the North and Northeast regions.

This is because these regions are the ones that suffer the most from the difficulty of buying real estate, so they have more advantages compared to other regions.

And in addition, there will also be a new income-sharing framework for granting benefits, being a great opportunity for new program participants. And yet, it will help by providing new jobs throughout Brazil!

Is it worth participating in the program?

Therefore, the program is ideal for those who want to buy their first property, but do not have sufficient financial conditions to do so, being an improvement of other housing programs. So, with lower interest rates and various perks, this program is worth checking out!

How to apply?

Conheça o programa Minha casa Minha vida. Fonte: Cimento Itambé.
Get to know the Minha casa Minha vida program. Source: Cement Itambé.

Well, according to Caixa Econômica Federal, families with a monthly income of up to R$7 thousand will be able to contract the program through the construction company or through an organizing entity that is linked to a project that can be financed by a public bank.

After that, applications are evaluated and citizens get access to financing conditions, if they follow all the criteria!

Then you will have to wait for the documents to be approved. And then, sign the financing agreement! Also, if you want to know more details about the application process, read the recommended content below.

How to enroll in the Minha casa Minha vid Program

Discover here the step-by-step process for enrolling in the Federal Government housing program.

About the author  /  Joyce Viana

Graduated in Law from PUC Minas. Post Graduated in Criminal Law and Criminal Procedure by Faculdade Legale. She produces content for different niches, from recipes and finance to beauty and health. Since he was a child, he made writing his best friend, and he never stopped!

Reviewed by  /  Junior Aguiar

Senior Editor

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