FGTS for Housing: Who Qualifies and What You Get
Learn how you can use your severance funds for down payments or to pay off your housing debt through the FGTS program.
This scheme allows workers to use their severance fund balance to help buy a home or reduce existing housing debt.
Who it's for
To qualify, you must have worked for at least three years under the CLT regime (the standard formal employment contract).
What you get
You can access your severance funds to use as a down payment when purchasing a home. Additionally, you can use these funds for amortization, which means paying down the principal balance of your existing housing debt to reduce your total repayment amount or your monthly installments.
What it costs you
There is no direct fee to use this benefit, but you will need to provide documentation proving that you do not own any other residential property in the city where you live or work.
The catch to know
The property you intend to buy or refinance must fall within specific value limits established by the government.
How to apply
- Gather your employment history and documentation proving you do not own other residential properties.
- Verify that the property you are interested in meets the required value limits.
- Contact your financial institution or the relevant government bank to initiate the request.
- Follow the specific instructions provided by the bank to process your request.
For more details, visit the official portal: https://www.caixa.gov.br/voce/habitacao/paginas/default.aspx