by 
Buying a property represents one of the most important financial decisions for many people. Therefore, knowing how to use FGTS to buy property is a common question among those who intend to acquire a residence and take advantage of this benefit.
Still, many people have doubts about the conditions to use this benefit. In this guide, the article explains how the purchase of a property with the support of the FGTS works, what is necessary to use this resource and what precautions deserve attention before starting the negotiation.
What to consider before buying a property?
The use of FGTS in the purchase of a property depends on a series of criteria defined by the legislation and rules that regulate this benefit. Therefore, before considering this possibility, it is important to understand that not all buyers and not all properties fit the required conditions.
In addition to the rules related to the worker, there are also requirements that involve the purpose of the property, the type of purchase and the type of financing used. In other words, the location of the property, by itself, is not the only factor that influences this decision. This point gains even more importance in cities where the real estate market has higher value properties. With the expansion of the SFH limit to R$ 2.25 million, more properties began to fall under the rules for using the benefit, expanding the possibilities for part of the buyers
What does it take to use this benefit?
First of all, it is important to know that there are criteria related to both the buyer and the property.
Among the main requirements are:
- have at least three years of work under the FGTS regime, consecutive or not;
- not having active financing by the Housing Financial System (SFH);
- not be the owner of another urban residential property in the municipality where he/she lives or works, nor in neighboring cities or in the same metropolitan region, according to the rules in force;
- acquire a property for own housing.
In addition, the property also needs to meet the requirements provided for in the regulation, including regularized documentation and residential purpose.
| When using | Not to use |
|---|---|
| Less need for resources for entry | Increased need for own resources |
| Possibility of reducing the amount financed | Amount financed may be higher |
| Can decrease the outstanding balance | Debit balance remains full |
| It can make financial planning easier | Requires greater budget organization |
| Use the available balance | Keeps the balance for future use |
In what situations can this benefit be used?
Many people believe that this feature only serves to make up the down payment of the property. However, this feature can also help in other stages of the purchase
Depending on the situation, it can be used to:
- complement the entrance fee;
- amortize the outstanding balance;
- pay off part or all of the financing;
- reduce the value of the installments, in accordance with the applicable rules.
In this way, the benefit can contribute to reducing the amount financed or facilitate the organization of the budget throughout the financing.
Are there particularities to use this benefit in Bombinhas?
Bombinhas does not have specific rules for the use of this benefit. In practice, the same rules applied to the purchase of real estate in other Brazilian cities also apply to the municipality. However, the local real estate market has its own characteristics, with a strong presence of properties intended for second homes and vacation rentals, a scenario highlighted in official documents on the city’s urban development.
On the other hand, approval does not depend only on the location of the property. In addition to the location, the purpose of the purchase, the buyer’s situation, and the characteristics of the property influence the analysis of the request. In general, this benefit meets the purchase of residential properties intended for own housing, as long as the negotiation meets all the criteria provided for in the regulation.
For this reason, before starting the negotiation, it is important to check if both the buyer and the property fit the current requirements. In a municipality with a strong tourist vocation, such as Bombinhas, many buyers are looking for properties for leisure, second homes or investment. Therefore, checking the requirements before trading is even more important.
What to evaluate before using the FGTS?
Before using this resource, it is worth analyzing some aspects that can influence the purchase process. This step helps to identify possible pending issues and avoids setbacks during negotiation.
Among the main points are:
- registration status of the buyer;
- property documentation;
- updated enrollment;
- financing modality;
- framing of the property in the current rules;
- documents requested by the financial institution.
In addition, in case of doubt, consulting the financial institution responsible for the financing can make it easier to check the requirements and the necessary documentation before applying for the benefit.
Is it worth using this benefit?
The decision depends on the characteristics of each purchase and the buyer’s financial situation. In some situations, this feature can reduce the amount financed, decrease the outstanding balance, or facilitate the down payment. In others, it may be more interesting to preserve it for a future need.
Therefore, before making a decision, it is worth analyzing the financing conditions, comparing different scenarios and checking how the use of the benefit can impact financial planning. In this way, it is easier to choose the most appropriate alternative for each objective.
Conclusion
Using the FGTS in the purchase of a property requires attention to the criteria established for this benefit. Therefore, knowing the requirements before starting the negotiation can avoid unforeseen events and make the whole process smoother.
In addition, gathering the necessary documentation, confirming the framework of the purchase, and clarifying any doubts with the financial institution help make the decision safer. In this way, it is possible to conduct the acquisition of the property with more planning and security.
Before buying a property, getting to know the city is also part of the decision. Take a virtual tour of Bombinhas:
FAQs
1. Who can use FGTS to buy property?
In general, the worker needs to meet the requirements for the use of the benefit, such as minimum time of employment with the FGTS and compliance with the rules related to the buyer and the property.
2. Is it possible to use the benefit only to pay the down payment?
No. In addition to helping with the down payment, the resource can also be used in other situations provided for in the regulation, such as amortizing the outstanding balance, reducing the value of the installments or paying off part of the financing, as long as all criteria are met.
3. Does buying a property in a tourist city prevent the use of the benefit?
No. The location of the property, by itself, does not prevent the use of the benefit. However, it is important to verify that the purchase meets the current rules and that both the buyer and the property meet the required criteria.
Join The Discussion