Understand the Minha Casa, Minha Vida Program
Minha Casa, Minha Vida is the Federal Government's housing program, which replaces Casa Verde and Amarela, bringing advantages to those who want to purchase their first property.
The purpose of the program is to promote the right to housing for families living in urban and rural areas, facilitating economic development and job creation, raising housing standards and the quality of life of Brazilians.
All housing financing contracted by people with gross family income between 2,640 and up to R$8,000 and using FGTS resources falls under the Minha Casa, Minha Vida Program (MCMV).
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Compare the differences between the Casa Verde Amarela Program and the current Minha Casa, Minha Vida to find out the value of the subsidy made available by the government and the interest rate that fits your profile.
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The Casa Verde e Amarela program served 3 income groups:
Track 1:
Aimed at families with income of up to R$2,400.00, withsubsidy of up to R$47,500.00*;
Range two:
Aimed at families with income from R$2,400.01 to R$4,400, withsubsidy of up to R$29,000.00*;
Track 3:
Designed for families withincome of up to R$8 thousand.
*The subsidy varied according to family income, region, size and value of the property.
My home, my life
Atual programa
Track 1
Gross monthly family income of up to R$2,640, with a subsidy of up to R$55 thousand*
Faixa 2
Gross monthly family income of R$2,640.01 to R$4,400, with a subsidy of up to R$55 thousand*
Faixa 3
Gross monthly family income of R$4,400.01 to R$8,000
Track 1 and Track 2 -The maximum value of properties for these ranges will be up to R$264 thousand - depending on the region of the country.
Track 3 -Income of R$4.4thousand to R$8 thousand, there is no government subsidy, and the property ceiling was raised to R$350 thousand for all of Brazil.
⚠️The income composition can be with up to three people, whether family members or not. *The subsidy varies according to family income, region, size and value of the property.
I'm self-employed! I can perform the dream of owning your own home?
Many people don't know, but freelancers represent a hugelarge part of property buyers, even more so in a country where small businesses and the informal economy are quite common.
To purchase a financed property, you must present income. At homethe ofs autonomous, it is proven through withdrawals or movement. Another way is to declare your income tax. Once you pay taxes, you can use them with proof.
Banks also have other ways of proving income, the most common being your banking history. By always keeping up to date with your payments and making good use of credit, the institution will consider you as a good payer.
It's very easy to prove income as a freelancer!
If you have any questions, contact our team, who will provide you with all the information you need, speak to our brokers and get your own home now.Access here.
What are the payment conditions on Minha Casa, Minha Vida?
First of all, you need to understand whatis family income, as it will define which range ofMy Home, My Life Program that you fit in.
Family income is the sum of the individual income of each person in the household. The types of income that are included in the calculation are: salaries, earnings, pensions, social security benefitspublic or private, payments for non-salaried work or the informal and self-employed markets, among others.
For information and questions, visit here or register https://www.minhacasaminhavidarj.com.br/cadastre-se
5 reasons to finance through the program
The Minha Casa Minha Vida program is the biggest opportunity for those who want to get out of rent. The conditions facilitated by real estate financing have already helped thousands of Brazilians to make their dream of a home come true. But first, you need to check the program conditions to find out if you fit the profile. If this is your case, see below the various reasons why you should participate:
1 – Rates and interest are lower
Rates are determined according to family income ranges. And, in the MCMV program, these interest and taxes are among the lowest charged on the market.
2- Payment deadlines are longer
Financing time is one of the biggest benefits of the program. The deadline can reach up to 35 years, which allows for smoother monthly installments for the buyer.
3 – Entry is facilitated and diluted during works
The down payment for financing is an initial installment ofto prove the buyer's interest in the property and the remainder during the construction period, with installments diluted within the client's profile, see the conditions at the time of approval.
In the program, one of the advantages is that the financing installments only begin to be paid after the keys are handed over.
4 – Use of FGTS
Families with a gross monthly income of up to R$8,000 are authorized to use the FGTS for housing financing under the Minha Casa Minha Vida Program. The amount can be used to pay off part of the property and amortize the installments every 2 years and to reduce the down payment*.
To do this, you must have at least 3 years of payment (adding up all jobs) and not have your own property in the city or financing registered in the Housing Financial System.
5 – Subsidies
Another great benefit is the government subsidy so you can realize your dream of owning your own home. This amount will depend on the income range you presented and will be deducted directly from the total value of the property.
If you still have questions, speak to one of our consultants for more information about the program.
Access here or https://www.minhacasaminhavidarj.com.br/cadastre-se
How do I buy through the Minha Casa Minha Vida program?
Below you can see the step by step:
REGISTER:
If your family has a monthly family income below R$2,640.00, you must register with your city hall or with an organizationdora (Time Saver) to start the selection process.
For families with income monthly family between R$ 2,640.00and R$8,000.00, the process can be done independently. To do this, just do a simulation with Caixa Econômica Federal through the construction company, authorized, to find out how much you can invest, and deliver yourwumentation.
REGISTRATION EVALUATION:
Caixa will then evaluate your registration, receive and analyze your documentation.
The credit assessment is free, generating no cost to the customer or purchase commitment.
CONTRACT SIGNING:
After approval and validation of the registration, you sign the contractof purchase and sale and of financing.
Documents needed to finance your property
You knowWhat do you need to finance your property? It's simple! We have brokers ready to answer your questions and guide you.
Documentation nenecessary
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Identity document (RG)
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CPF
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Birth or marriage certificate
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Proof of address
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Paycheck for the last 3 months
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Work register booklet
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Income tax (if declared)
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06 latest consolidated bank statements
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FGTS extract
Now you can speak to one of our consultants to find out which documents will be requested according to your profile, to get your financing. Access here
Good luck!
