Does FGTS Future change in March? Government issues COMMUNICATION, but there is still time to get it

Do you know FGTS Futuro? Recently, the government has shown signs that it may undergo changes. Find out what will be changed!

Have you heard about FGTS Futuro? This is a topic that has generated a lot of expectations and conversations, especially among those who dream of owning their own home. The novelty promises to transform access to real estate credit, making the dream of owning a home closer for many Brazilian families. Come find out what will change!

FGTS Futuro is about to undergo important changes. Understand what can change and stay alert! / Credit: @jeanedeoliveirafotografia /

What is FGTS Future?

In principle, FGTS Futuro is a government initiative that aims to allow workers to use future deposits from the Length of Service Guarantee Fund (FGTS) to pay part of the installments or amortize housing financing.

This means a big change, especially for low-income families, who often encounter barriers to getting into real estate credit.

How does FGTS Futuro work?

In short, FGTS Futuro is an innovation designed to facilitate the acquisition of properties by low-income families, specifically those with incomes of up to R$2,400.

The essence of this program lies in the possibility of using future FGTS deposits, not yet made by the employer, to reduce real estate financing.

This modality, also known as consigned FGTS, is especially aimed at the lowest range of the Minha Casa, Minha Vida housing program.

With this measure, the government seeks to expand access to real estate credit, allowing families that previously did not qualify due to income commitment restrictions to now purchase their own home.

Find out more: List REVEALS all workers who are eligible to withdraw FGTS next week

What are the FGTS Futuro rules?

Furthermore, the rules of FGTS Futuro are designed to ensure that the initiative benefits low-income families when purchasing properties, maintaining the security of the system.

Firstly, to be eligible for FGTS Futuro, the worker must have a gross monthly income of up to R$2,400 and be employed with a formal contract.

It is important to highlight that FGTS Futuro applies to new real estate financing contracts, integrating future FGTS deposits in the calculation of financing capacity. This allows the worker to acquire properties at previously inaccessible values.

Particularities of the modality

A particularity of FGTS Futuro is that only the worker can choose to use this modality, and once chosen, the FGTS balance is blocked, including in cases of termination of an employment contract.

Therefore, financial institutions must clearly inform the financing conditions, with and without using the modality, including details such as the value of the property and the family’s monthly income.

Considering the reality of the worker

Furthermore, the worker’s ability to pay is the main criterion for the bank’s risk analysis.

If this capacity is reduced, the bank may propose a break of up to 6 months in payment of installments.

To mitigate the risks of default due to unemployment, the Popular Housing Guarantee Fund (FGHab) will be reactivated.

Who will benefit?

As previously stated, this measure will be exclusive to range 1 of the Minha Casa, Minha Vida program, covering families with incomes of up to R$2,640.

The National Secretary of Housing, Hailton Madureira, highlighted that the objective is to bring new families to the real estate market, reducing difficulties without compromising the sustainability of the fund.

News and priorities for 2024

In addition to FGTS Futuro, the government has other priorities for the housing sector in 2024, such as the implementation of FGHab and the launch of initiatives to support the North region.

Finally, the FGHab, with around R$800 million, aims to include informal income families in the real estate market, potentially benefiting up to 100 thousand families.

See more: See how to RECOVER your FGTS, if the company has not deposited it

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