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Caixa Econômica Federal has just recorded the best quarter in the bank’s history for granting real estate credit. Thus, from July to September this year, R$ 51.3 billion was released to finance the purchase of homes.
According to Maria Rita Serrano, the bank’s president, this impressive figure is due to Caixa’s efforts to seek alternatives to keep all of the bank’s credit lines active.
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Below, you will see more details about Caixa’s results and the relationship between its success and Minha Casa Minha Vida.
Caixa’s financing record
Although the scenario at other financial institutions rejects real estate credit offers, Caixa kept all its lines active, which yielded good results. According to Rita Serrano, this is an excellent moment for the bank in granting real estate financing.
“We have worked tirelessly to offer the population that most needs the bank more advantageous conditions, whether in social housing or in other credit modalities. This impressive result is the fruit of our dedication,” she highlighted.
Minha Casa Minha Vida and Caixa
In recent weeks, new measures came into effect in the Minha Casa Minha Vida housing program. The idea behind the new rules was to encourage access to real estate credit, which worked, according to Caixa's quarterly results.
Thus, these changes include:
- Increase in the property value limit for MCMV properties financed with FGTS funds, from R$264,000 to R$350,000;
- Increase in Tier 1, from R$2,400 to R$2,640;
- Reduction in the interest rate.
MCMV fee exemption
Another recent change to the Minha Casa Minha Vida was the fee exemption for beneficiaries of the Bolsa Família or BCP (Continuous Cash Benefit). In other words, people who receive this benefit will not need to pay the financing installments, which is highly advantageous.
The new rule came into effect on September 28, and for those who signed a contract before that date, the exemption will only apply to upcoming installments. Those who do not have financing but intend to sign a contract will have to undergo an eligibility assessment by Caixa to obtain the benefit.
Image: Marcelo Camargo/Agência Brasil
