Among all existing credits in the real estate sector, it is undeniable that Caixa Econômica Federal is the most popular among them. It is no coincidence that it is considered the main bank that promotes housing in Brazil. Thus, if you intend to acquire your own property, one of your obligations is to understand more about Caixa's Real Estate financing. Thinking about it, we prepared this text to understand everything about it. Read and learn more!

Before talking more about Caixa's Real Estate Financing, we need to answer a question: would now be the ideal time to buy a home? After all, did the drop in the Selic rate to a new historic low, 2% per year, have an effect on the real estate market?

The answer is yes! The drop in the basic interest rate to historically low levels in Brazil has reignited in Brazilian minds a dream that seemed a little forgotten: that of financing their own home. As the Selic serves as a reference for credit operations, this inevitably had an impact on real estate financing.

Contrary to all negative forecasts and expectations of contraction in the sector due to the pandemic and economic crisis, the Brazilian real estate market has shown record after record. According to a survey by the Brazilian Association of Real Estate Credit and Savings Entities (Abecip), the volume of real estate financing using savings resources grew by 29% in the first half of 2020, compared to the previous year. Considerable number, isn't it?

So, it's a fact: we are living in a great time to buy your own home, since we are facing one of the lowest interest rates in the industry compared to the historic low. But here comes the next question: which bank to choose? To help you, we'll talk more about Caixa's Real Estate financing, which dominates the credit market for property acquisition.

With a new rate of 6.25% after the sudden drop in the Selic rate, Caixa Econômica Federal has one of the best real estate credit proposals among all financial institutions. No wonder, the bank has more than two thirds of the market and its movements tend to unfold trends in the sector.

For this reason, talking about buying a house without talking about Caixa's Real Estate financing is leaving the subject half-finished, since one is intrinsically related to the other. Therefore, if you want to acquire a property to call your own, it is more than your obligation to know in depth what the financial institution has to offer you.

In October 2020, Caixa Econômica Federal announced a series of measures for real estate credit, including the reduction of the interest rate from 6.5% to 6.25% and the renewal of the grace period in new real estate financing contracts. In case, if you buy a property today and make this purchase through a loan from Caixa, you can request a break in the payments of these installments for a period of up to 06 months. Great, isn't it?

In addition to these two measures, which have become enormous advantages, Caixa's Real Estate financing also makes it possible to reduce part of the installment you are paying. With it, it is possible to pay from 50 to 75% of the installment amount for a period of up to 3 months or pay 75% of the installment amount for a period of up to 06 months. This, in turn, greatly helps the customer who is experiencing financial difficulties, mainly due to the pandemic.

Think it's over? Calm down, there's still more! To end this wonderful series of decision-making on the part of Caixa's Real Estate financing, there is also the bank's incentive for digital origination. Now, the approval of real estate financing can be carried out through electronic and digital means, making the granting of credit faster, easier and less bureaucratic.

And then, this real estate financing from Caixa is not bad, don't you agree? With so many benefits and facilities, it is difficult to compete with the bank in this market. It is, without a doubt, the best existing option for those who want to realize the dream of owning their own home.

There is no shortage of advantages in Caixa's real estate financing. In addition to those already mentioned, there are still others that help you once and for all to hit the hammer in your decision of which bank to choose to have your property. Check it out:

Do you have FGTS balance? If so, then know that it is possible to use it at the time of hiring, as a down payment on the financing, constituting part of the payment or the total amount. But there is one condition for this: Caixa's real estate financing contract must have been signed under the Housing Financial System (SFH).

In addition, it is necessary to have at least three years of work under the FGTS regime, adding up the periods worked, consecutive or not, in the same or in different companies. Oh, and you cannot have active financing in the Housing Financial System (SFH), anywhere in the country, okay?

In an increasingly technological world, having an application that brings all the information you need helps and life a lot, right? Knowing this, the bank developed an app so that Caixa's real estate financing customers have services such as issuing bank slips; alteration of contract data; financing amortization; automatic debit inclusion; early settlement; use of FGTS; statement of annual discharge of debts; statement of amounts paid and extract for Income Tax. That is, it is a really complete application!

Instead of going to the bank to simulate your real estate financing from Caixa, it would be much better to be able to do this in the comfort of your home, don't you think? So know that it's possible! On the bank's website, there is a housing simulator that brings all the information on your possible contract.

To carry out the simulation, simply inform the data that are requested, such as the type of property to be purchased, your family income, the city where you intend to buy and among others. Once this is done, it is possible to discover among the modalities the best option for your situation. That simple!

Were you interested in knowing how to apply for real estate financing from Caixa? If yes, then click on the button below and discover the step-by-step guide to start one of the most important processes in your life: buying your own home.