Cash Financing: get your dream home!

Owning your own home is an incredible goal! And Caixa Econômica can help you. Discover everything you need to know about financing, fees, and how to make your family's dream come true.

Today, with real estate prices skyrocketing and wages not always keeping up, owning a home is a major challenge. For many, this is only possible with the help of a bank through financing. And Caixa is one of the best options!

If you're interested in understanding how this process works at the bank, check out the information below, which has been prepared especially for you.

How to get financing through Caixa?

If you want to finance your house or apartment through Caixa, find out how to run a simulation, what documents are required, and how to take the first step:

What is real estate financing?

Let's keep it simple! With financing, the bank buys the property you want (it could be a house or apartment), and you pay back that amount in installments, with interest. You can also finance used properties or even make renovations to your home.

Remember, you'll need a down payment, a portion of the property's value. You can't finance the entire amount, okay?

And look, Caixa guarantees that if you don't pay your installments, it can repossess the property. This is called "fiduciary alienation." But don't worry, the idea is for you to pay everything correctly and own your home without any problems!

Who can finance through Caixa?

To apply for financing through Caixa, you need:

• Be at least 18 years old (or 16 if emancipated).
• Be Brazilian or have a residence visa in the country.
• Not having your name on debtor registries, such as Serasa or SPC.
• Prove that you have income.
• Not having other real estate financing.
• Being able to pay the installments.

If you meet these requirements, go to Caixa's website and run a simulation to find out everything about the terms and conditions for financing your property!

Can I use FGTS for financing?

Look how cool! You you can use your Severance Indemnity Fund (FGTS) to provide a boost in financing. You can use the FGTS to make a down payment on the property, reduce debt or pay installments.

And there's more! You can even use two people's FGTS (Fund for Severance Indemnity Fund) to buy the property. Think of a nice boost!

Just remember, to use the FGTS, you must have at least 3 years of formal work (this means having worked with a signed employment contract).

Here's a tip: Check your FGTS balance and see how much you can use. Then, just request it through the Habitação Caixa app or by calling 0800 104 0104 or 4004 0104.

Depending on the case, you may need more documents, so be aware:

• Identification document (RG, CNH).
• Statement of the account linked to the FGTS.
• Work permit.
• Income Tax Return. If you are married, your spouse's tax return is also required.

And then, after everything is approved, you can use your FGTS to finance your home!

Advantages of financing

Financing is a great way to get your own home! Here are some of the advantages:

• You can have your own home even if you don't have all the money in hand.
• You can use your FGTS to help with your down payment or installments.
• It's a quick way to win your home.
• Sometimes the installment amount is cheaper than the rent.

And there's more! Caixa, as a public bank, usually has attractive interest rates.

Just a reminder: When running your simulation, compare the rates of at least two different banks. You can always find the best one for you!

Tips for getting your financing approved

The bank needs to trust that you'll pay your installments on time. A few things can help:

1. Gather all the necessary documents to accurately prove your income. The bank needs to be sure you can afford the installments.
2. Maintain a good credit score. This shows that you're a good payer.
3. Save money for a down payment on the property. The larger your down payment, the better.
4. Have a good relationship with the bank where you're financing. If it's Caixa, consider having an account there, using a credit card, paying your bills on time—all to build a good track record.
5. If you have debt, try to pay it off before taking out a loan. Also, take good care of your finances to avoid future problems.
6. Consider pooling your income. You can finance with another person and increase your income, which can help you secure financing.
7. Prove you have a solid professional relationship. It's not enough to just have a good income; you need to demonstrate that you have a stable job.
8. Fill out the information accurately and as accurately as you can verify. All information will be reviewed by Caixa, so don't lie or omit anything.

Fees: What You Need to Know

We know fees can be confusing, but we'll explain:

• IPCA: This is the Broad National Consumer Price Index. It measures inflation in the country.
• TR Rate: The Reference Rate is used to calculate monetary correction in various areas, including financing.

These rates can vary from month to month and affect the installment amount. The best way to stay up to date is to check official government agencies.

Financing Simulation

We think it's crucial for you to understand how financing works in practice. If you'd like, check out our simulation for new properties:

Caixa Econômica Federal service channels

We hope our text has helped you better understand financing, but if you still have questions, we recommend contacting the bank's official channels.

You can go directly to your local Caixa branch; there are representatives who can explain more. It's the best way to get the latest information about financing.

Contact numbers:

• Contact us – 0800 726 0101.
• Caixa Ombudsman – 0800 725 7474.
• Hello Cashier (Capitals and metropolitan regions): 4004 0 104.
• Hello Cashier (Other regions): 0800 104 0 104.

We also recommend visiting the Caixa website to learn more!
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