After all, is it possible to buy a property 100% financed (without down payment)?

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Currently, there are many financing options for buying a property, the most popular of which is through the Minha Casa Minha Vida program. But, in addition to the program, which is administered by Caixa, people who do not comply with the rules can take out financing at several banks in Brazil. But after all, is it possible to buy a 100% financed property?

Will Bolsonaro end Minha Casa Minha Vida in 2020?

After all, is it possible to finance 100% of a property?

The answer is yes, but it depends. First, you will be able to finance a property 100% if it is new and in the plant. That’s because you can take advantage of the wait for the delivery of the property to pay the entry in installments.

First of all, it is necessary to take into account that Caixa and other banks finance up to 80% of the property value. Therefore, you have to make an entry of at least 20% of the amount. But you pay this entry directly to the builder of the property, and several builders across Brazil offer installment installments, often without interest.

Buy property through Minha Casa Minha Vida

First of all, the best option to buy a property without entry is through the program Minha Casa Minha Vida, since you can use, in addition to FGTS, the subsidy to reduce the entry. This means that you can earn an allowance and still lower the FGTS, both yours and that of those who are buying the property with you, such as your husband or wife.

This way, you pay the entry in the period in which you wait for the delivery of the property, and after entering the property, you start paying the financing to the bank.

To participate in the MCMV program, you must be over 18 years of age, you cannot have another property in your name and you cannot be an owner, assignee or holder of other real estate financing, you must not have participated in other housing programs and live or work in the city where will buy the property.

MCMV active tracks

tracks my house my life

Image: Cashier

Is it worth buying a 100% financed property?

But first of all, do the math and close the deal only if the installments of the entry fit in your pocket. You will pay the entry without having ownership of the property, that is, you cannot yet live in it. If you pay rent, it is very important to do the calculations. Make sure that you can pay the entrance fee and also your other expenses, such as rent, electricity, electricity, condominium, etc.

But in addition to this, this is a great option for those who want to buy a property and have no values ​​to give down. As you can use the FGTS and Minha Casa Minha Vida grant at the entrance, you can reduce the amount a lot and this installment will fit in your pocket. In addition, you will be purchasing a new property that has never been inhabited.

Builders selling property without entry

Many construction companies in Brazil sell 100% financed property. Among them, we can mention MRV, which is currently the largest construction company in Brazil, present in about 150 Brazilian cities. In addition to it, other construction companies sell the property without entry, such as Direcional Engenharia, Grupo Pacaembu, Tenda, Morana, Lotus, among others.

If you are interested, research if the builders of your city divide the entry. In this case, you will be able to buy a 100% financed property.

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Image: Alexander Raths / shutterstock



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