Looking for a low-income mortgage can be difficult. In fact, it takes a lot of research and searching to find the ideal offer. Especially because not every bank accepts customers with a lower income.

With that in mind, today we're going to show you 5 real estate credit options for low-income people. This way, you will get closer and closer to realizing your dream of owning your own home.

Continue reading and see some options. Remember to pay attention to the conditions – such as interest, payment period – of each one. This is essential when choosing the best real estate loan for your situation.

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As we already mentioned, taking out a mortgage requires a lot of research. And we will help you with that. We have selected the 5 best real estate credit options for you. See information such as interest, payment terms and financing amount for each one.

Firstly, we will show you the Caixa Econômica Federal real estate loan. Caixa is one of the best-known banks in terms of real estate financing. Mainly because it is a bank linked to the government.

Therefore, your credit has a period of up to 35 years to be paid. Additionally, it offers the option of using FGTS to assist with payment. The modality used is SFH, or Housing Financial System.

Furthermore, when we talk about interest rates and release period, this largely depends on each case. Interest rates are personalized for each case. In fact, it varies depending on who already has an account or not, for example.

Still talking about the more traditional Brazilian banks, we have low-income real estate credit from Banco do Brasil. In short, it allows you to finance up to R$5 million of the property value. Or up to 80% of the price.

Although it is traditional financing, Banco do Brasil allows you to make the request both via internet banking and via the app. This way, you simulate online credit and have much more practicality and comfort.

Just like Caixa Econômica Federal, in this real estate loan you can also use the FGTS to deduct part of the financing. In this sense, when we talk about payment terms, you have up to 420 months to pay off the contracted credit.

Banco Santander offers real estate credit with an interest rate of 9.49% per year plus the Reference Rate. Furthermore, the bank gives you up to 35 years to complete your payment. 

All this so you can pay for your house with installments that really fit into your pocket. And you can even earn income to use in credit analysis. As well as Banco do Brasil, the analysis is also 100% online.

In fact, Santander finances up to 80% of the value of your property and the installments are fixed. In this sense, you can use your FGTS to help pay off your real estate loan. It also helps with credit analysis.

Itaú offers a great low-income real estate credit program. It even has a diluted installment service. In other words, you can skip two installments in a row. Therefore, they are added to the outstanding balance for you to pay later.

Financing is contracted online. You send your documentation through the Itaú app and the experts can analyze it and offer you an offer that fits your budget.

If your loan does not exceed R$1.5 million, the bank will give you an answer within 1 hour. Otherwise, Itaú's rates start at R$9.101 million per year, plus the Reference Rate. And the loan is released after the contract is signed, within 3 business days in your account.

Finally, we will show you the Casa Verde e Amarela program. In short, this program was created to replace the famous Minha Casa Minha Vida. Therefore, a housing program to offer more housing to the low-income population.

In this way, the Casa Verde e Amarela program creates housing to be financed at much lower rates and with a 30-year payment period. The program is available throughout Brazil and interest rates vary according to income.

For those who receive up to R$2 thousand monthly, they can pay between 4,25% and 4,75%. For those who receive up to R$4 thousand, the rates are between 4.5% and 5%. Finally, anyone who receives between R$4 thousand and R$7 thousand has a fee of 4.75% to 5.5%.

The value varies depending on whether someone in the group is a FGTS shareholder or not.