The program My home, my life is a popular housing program that was created during the Lula and Dilma governments.
In 2023 the program was reformulated and has new rules. However, if you are interested in financing a property, then be sure to check the information below.
Who can apply for this program?
To have the right to sign up for this program, it is important to pay attention to some requirements. For example, the monthly income must be R$ 8 thousand, in rural areas the annual gross income is R$ 96 thousand.
However, in order not to compromise your household budget, it is necessary to carry out financial planning.
The program does not take into account government social benefits, such as Bolsa Família, sickness benefit or unemployment insurance.
Therefore, remember that the value of the installments cannot compromise 30% of your income.
List of required documents
To register for Minha Casa Minha Vida, it is necessary to separate the mandatory documentation, as shown below:
Personal documents
We must forward the following documents: Identity document, CPF, proof of residence.
We also cannot forget to submit proof of income and marital status, income tax declaration.
Property documents
In this case, we must separate: Final deed or purchase and sale contract, certificate of municipal, state and federal debts (such as IPTU, IPVA and INSS) and property registration.
Documents for the property that is still on the plan
If the property is still on plan, it is important to present the following documents: “Construction permit, proof of project approval, updated work registration, descriptive memorial, proof of payment of municipal fees and taxes and technical responsibility note (ART) .”
Discover the new rules for 2023
With the changes to Minha Casa Minha Vida, it was possible to expand the income ranges, so that more families could participate.
Now, families with incomes of up to R$ 4.4 thousand and R$ 8 thousand (band 3) can finance amounts of up to R$ 350,000.00.
The subsidy made available by the Government has the capacity to assist families with incomes of R$ 2,640 (band 1) and up to R$ 4.4 thousand (band 2) –, with amounts from R$ 47 thousand to up to R$ 55 thousand.
The subsidy may also vary from municipality to municipality, depending on the number of inhabitants. For example, 300 thousand and 750 thousand inhabitants; R$ 230 thousand, and so on.
Interest on financing for families up to R$ 2 thousand can reach 4% in the Northeast and North regions. For the other regions of Brazil, this rate is 4.25% per year.
Income range in urban areas
To participate in the program, pay attention to the rules below and inform your account manager:
- Band 1: gross monthly family income of up to R$ 2,640;
- Band 2: gross monthly family income from R$ 2,640.01 to R$ 4,400;
- Band 3: gross monthly family income from R$ 4,400.01 to R$ 8,000.
- Income range for rural areas
If you are a rural producer, observe the following income ranges that are released below:
- Band 1: gross annual household income up to R$ 31,680;
- Band 2: gross annual family income from R$ 31,680.01 to R$ 52,800;
- Band 3: gross annual family income from R$ 52,800.01 to R$ 96 thousand.
Conclusion
So, now that you know the new rules for participating in the My home, my life, it is important to pay full attention to income ranges and the list of mandatory documents.
If you are in doubt about values, rates and interest, use the simulators available on the internet, be sure to compare prices.