The Severance Indemnity Fund (FGTS) is a benefit granted to Brazilian workers, which can be used for various purposes, including the purchase of a property. This option can be an excellent opportunity for those who want to acquire the dreamed home of their own. In this guide, we will explore in detail how to use FGTS to purchase a property and what are the requirements and steps involved.
1. Basic requirements
To use the FGTS to purchase a property, it is necessary to meet certain requirements stipulated by the government. These requirements include:
- Hold a FGTS account, with an available balance.
- Do not own another property in the same municipality in which you intend to acquire the new property.
- Not having active financing in the Housing Financial System (SFH) in any part of the country.
- Work under the CLT regime or be a public servant.
2. Procedure for using the FGTS
The procedure for using the FGTS in the purchase of a property involves the following steps:
- Check that you meet the basic requirements.
- Gather the necessary documentation.
- Request authorization to use the FGTS from the financial institution where you are financing the property.
3. Monitoring
It is important to monitor the entire process with the financial institution and ensure that all procedures are carried out correctly. Once the process is complete, you will be one step closer to realizing your dream of home ownership.
In summary, the FGTS offers Brazilian workers the opportunity to acquire a property with more favorable conditions. However, it is crucial to understand the requirements, the necessary documentation and the procedures involved. By following the steps correctly, you will be well on your way to using it effectively to purchase your desired property.
You can be updated on the types of properties that fall into the FGTS purchase category, financing, necessary documentation, release of funds from Caixa Econômica and more details by contacting one of our sales specialists from the Execut team right now! We wait for you.
