Government approves use of FGTS Futuro to purchase your own home

The Board of Trustees of the Service Time Guarantee Fund approved this Tuesday (26) the use of FGTS Futuro for the purchase of their own home by low-income families. The modality allows the use of future contributions from the employer to the fund to prove higher income and purchase more expensive properties or reduce the amount of the benefit.

Initially, the program will benefit families in Track 1 of Minha Casa, Minha Vida, with monthly income of up to R$2,640. The initiative was established by Law 14,438/2022, but still depended on regulation. At the time, legislation allowed the use of future deposits in the fund to pay part of the installment, informed the Brazil Agency.

Last year, Law 14,620, which recreated Minha Casa, Minha Vida, authorized the use of FGTS Futuro also to amortize the outstanding balance or settle the contract in advance. The employer is responsible for depositing 8% of the salary of the worker with a formal contract into the fund monthly. Through FGTS Futuro, the worker would use this additional 8% to prove their income.

To make the operation viable, Caixa Econômica Federal will automatically transfer the employer’s future deposits in the FGTS to the bank that granted the housing financing. The worker will continue to pay the remaining amount of the benefit.

The program’s operational standards must be detailed by Caixa in a resolution that will be published in the Official Gazette of the Union (DOU). Only 90 days after these criteria are published, operations with FGTS Futuro will begin.

The government’s expectation is to benefit up to 43,100 families in Band 1 of the MCMV in the testing phase. If the modality is successful, the government intends to extend FGTS Futuro to the entire Minha Casa, Minha Vida, which covers families with income of up to R$8,000.

Risks in case of dismissal

The Board of Trustees defined that if the worker is fired, Caixa will suspend payments for up to six months, with the unpaid amount being incorporated into the outstanding balance. This aid is already applied to housing financing granted with FGTS resources.

Even if the benefits are suspended, the worker must be aware that, if he loses his job, he will have to pay the full amount of the benefit: the amount he paid before plus the 8% of his previous salary deposited by the former employer. If you are unable to pay the payments for more than six months, the borrower will lose the property.