2021 is marked by a major breakthrough in the Brazilian housing sector. The launch of the “FGTS do Futuro” program has caught the attention of workers who wish to fulfill the dream of owning a property but face significant financial obstacles.
Aiming to reduce these barriers, the new program promises to transform the way housing financing is conducted in the country, especially for those with more modest incomes.
The announcement of this program came as a hope for many Brazilians who, until then, considered buying a house an almost insurmountable challenge due to high initial costs and prohibitive monthly installments.
Now, with the implementation of FGTS do Futuro, innovative and accessible tools are within everyone’s reach, promoting inclusion and equality in access to housing.
How Can “FGTS do Futuro” Change Lives?
FGTS do Futuro facilitates the use of the accumulated balance in the Severance Indemnity Fund for Length of Service (FGTS) for the acquisition of real estate. Under this new scheme, the worker uses 8% of their monthly salary deposited by the employer in the FGTS.
This new methodology includes these deposits as part of the buyer’s income, increasing their purchasing power and reducing the amount of financing installments.
Who Can Benefit from the New Program?
The “FGTS do Futuro” is aimed at a specific segment of the population. To be eligible for this program, it is necessary to:
- Have a monthly income of up to R$ 2,640;
- Not have properties registered in your name;
- Be formally employed.
Procedures to Enjoy the “FGTS do Futuro”
- Check if you meet the program’s eligibility criteria.
- Go to a Caixa Econômica Federal agency.
- Request a credit assessment for financing.
- Submit all necessary documentation.
- Wait for financing approval and sign the contract.
This new mechanism not only makes the real estate market more accessible but also promotes greater financial stability by reducing long-term debt burden for homebuyers.
The initiative has been praised by experts in economics and real estate law as a significant step toward a future where everyone can have access to their own housing.
With the facilitation brought by FGTS Futuro, more Brazilians can now see buying a property as an achievable goal, giving a practical and welcoming meaning to the concept of “home”.
Thus, this program is not only changing the lives of many but also redefining the very meaning of home for Brazilian families.
