Starting November 1st, the rules for the Caixa real estate financing will be updated, requiring more attention from borrowers.
With the change, the bank will increase the initial deposit amount for different financing systems, especially for those that use resources from the Brazilian Savings and Loan System (SBPE).
So, next, check out the new rules for the Caixa real estate financing!
Increased initial input for SAC and Price systems
With the new rules, the initial entry for the Caixa real estate financing in the constant amortization system (SAC) it will be 30%, while in the Price system, with fixed installments, the value will increase to 50%.
These measures aim to balance the high demand for credit and available resources.
Limitation of the appraised value of properties
THE Caixa real estate financing there will also be a ceiling for the appraisal value of properties. For all modalities in the SBPE, the maximum value will be R$1.5 million.
Therefore, this change equalizes the conditions of the Housing Finance System (SFH), which already had this limit.
Focus on bank-financed housing units
For properties in developments financed directly by Caixa, the current credit conditions will be maintained.
Therefore, those who purchase housing units financed by the bank will not be affected by the new down payment requirements.
Reasons for the tightening of credit concessions
THE Caixa real estate financing needed to adjust its policies due to the high volume of withdrawals from savings accounts, which serve as a source of resources for the SBPE.
With more withdrawals than deposits, the bank faced challenges in maintaining financing conditions.
Furthermore, the increased demand for Caixa due to higher interest rates at other banks contributed to the need for restrictions.
With the 2024 budget nearing its limit, it remains unclear whether the Caixa real estate financing will undergo further changes next year.
The changes applied now may become definitive or be adjusted in 2025, depending on the housing market's resource scenario and demands.
These new rules of Caixa real estate financing reflect an attempt by the bank to balance the supply of credit with available resources, seeking alternatives to serve the housing sector in a sustainable manner.