Interest rates on Casa Verde and Amarela are really lower?

Interest rates on Casa Verde and Amarela are really lower?

There was a readjustment of the ceiling of the Casa Verde e Amarela program, as well as the extension of the duration of financing.

Estimated reading time: of them minutes

Not so long ago, the FGTS Board of Directors changed the rules of the Casa Verde e Amarela program. The changes have excited the real estate sector, which is betting on a warming in the coming months, with interest rates and measures falling. The new rules will come into effect from July 18. The main thing is to raise the limits of the income brackets, in order to mitigate the effects of inflation, and to encourage the purchase of a home.

Lower interest rates on Casa Verde and Amarela

In short, the real estate sector is still suffering from the effects of the pandemic. And while people’s purchasing power has gone down, the cost of building has gone up. Therefore, it causes people not to buy the property. This is why the package of measures approved by the Board of Trustees provides for a reduction in interest. Consequently, the ceiling of the Casa Verde e Amarela program has been readjusted, as well as the extension of the duration of financing.

For the real estate sector, the measures are perceived as positive. This is said because the expansion of housing credit should stimulate the search for home ownership, even with the current scenario. In general, the changes announced in theCasa Verde and Amarela were:

  • Interest is expected to increase from 8.66% to 7.66% on properties worth up to R$350,000 for the quota holders line;
  • Decrease for higher value properties, as interest on properties up to R$1.5 million has been reduced by 8.16%;
  • Families whose monthly income does not exceed BRL 8,000 are now included. to My Green and Yellow House Program. Until then, the limit was R$7,000.

Plus, more changes are on the way. An example of this is what’s in the House: discussion of extending the term of the loan. The same can go from 30 to 35 years. It is estimated that the news in theCasa Verde and Amarela are announced within 2 weeks.

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