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An increase in the minimum amount for purchasing properties with FGTS funds was announced by the Lula government. Check it out!
Although it is a right of formally employed workers, the Severance Indemnity Fund (FGTS) may only be used in situations provided for by law, such as purchasing one's own home.
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In light of this, the government of President Luiz Inácio Lula da Silva (PT) decided to increase the minimum amount for purchasing properties with FGTS funds. Thus, the Special Housing Credit Program for FGTS Account Holders (Pró-Cotista), through the Ministry of Cities, will allocate at least R$ 2.010 billion for the purchase of new properties.
Purchase of new properties with FGTS funds
Recently, the Ministry of Cities issued a normative instruction updating the amounts established at the end of the Jair Bolsonaro (PL) government, in December 2022. At that time, the budget allocated to the purchase of new properties was set at R$ 1.2 billion.
With the new normative instruction, a maximum amount was established that may be used to purchase properties priced above R$ 500 thousand with FGTS funds. Now, instead of R$ 600 thousand, the amount will be R$ 2.010 billion.
Pró-Cotista Program
Workers with FGTS-linked accounts have access to the Pró-Cotista housing financing line, made available by Caixa Econômica Federal. This line enables the purchase of new and used properties, and even construction, with financing for up to 30 years.
It is important to note that, in the case of inactive FGTS accounts, meaning those that no longer receive deposits, the balance must be equal to or greater than 10% of the value of the property the worker intends to purchase. Unlike the Minha Casa, Minha Vida program, there are no specific requirements or income limit to access financing through the Pró-Cotista Program.
