Buying a property off-plan is one of the most advantageous alternatives for those who want to pay less, have better down payment conditions and still guarantee a brand new property, just the way they always dreamed.
And when this purchase is made with the My House My Life subsidy, the benefits increase even further.
This modality has become one of the most sought after by families who want to take advantage of the Federal Government's housing program and guarantee special payment conditions, lower interest and extended term.
But do you know how it works, what the requirements are and how to start this process safely?
Next, find out everything you need to know to buy a property off-plan with the support of My House My Life, without complications and with all the advantages of the program.
Off-Plan Property: What is it and How Does it Work?
One property under construction is one that is still in the design or construction phase. When buying at this stage, the value of the property is usually more affordable, since the buyer is investing before the work is completed.
This type of acquisition brings benefits such as:
- Discounts on the total amount
- Possibility to customize finishes
- Easy payment of the down payment directly with the construction company
- Property valuation until the keys are handed over
For these reasons, many construction companies offer off-plan properties within the program. My House My Life, making the purchase even more viable for low and middle-income families.
How does the My Home My Life subsidy work?
THE housing subsidy is an amount granted by the Federal Government that reduces the total amount to be financed. It can reach up to R$ 55 thousand, depending on income range, location and family composition.
This amount does not need to be returned and is generally used to reduce the down payment or financing.
When purchasing a property off-plan, the subsidy can be applied right at the time of contracting, making the process more accessible from the start of the work.
Step by Step Guide to Buying a Property Off-Plan with the Subsidy
1. Check if You Fit into the Program Bands
Minha Casa Minha Vida is divided by income brackets. For off-plan properties, the following generally apply:
- Track 1: up to R$ 2,640
- Track 2: up to R$ 4,400
- Track 3: up to R$ 8,000
The lower the income, the higher the subsidy.
2. Choose an Accredited Construction Company
Look for construction companies that work with the program, such as:
- MRV Engineering
- Tent
- Directional
- Rodobens
These companies offer off-plan developments within the Minha Casa Minha Vida program with special conditions, simplified documentation and integration with the Federal Savings Bank.
3. Simulate the Financing
With the help of CAIXA Housing Simulator, you can know:
- Property value compatible with your income
- Approximate subsidy amount
- Entry fee (if applicable)
- Number of installments and interest rate
4. Gather the Necessary Documentation
Basic documents include:
- ID and CPF
- Proof of income
- Birth or marriage certificate
- Proof of residence
- FGTS statement (if using)
- Updated CadÚnico declaration (if applicable)
5. Wait for the Contract to be Approved and Signed
After the credit analysis, Caixa approves the financing and formalizes the contract.
The construction company then continues the work, and you follow the steps until the keys are handed over.
Advantages of Buying a Property Off-Plan with Minha Casa Minha Vida
- Lower entry value
- Low interest financing
- Flexibility to negotiate with the construction company
- Subsidy that reduces the total cost of the property
- New property with warranty
- Possibility of appreciation until delivery
In addition, many developments come with modern infrastructure, equipped common areas, security and an excellent location — all within the budget allowed by the program.
Conclusion
Buy one property under construction with subsidy from Minha Casa Minha Vida It is a smart strategy for those who want to save money, have time to organize their finances and still acquire a new property, just the way they always wanted.
With the current program conditions, opportunities are more accessible and advantageous than ever before.
Take the opportunity to simulate, look for partner construction companies and start the process safely and clearly.
Frequently Asked Questions about Buying Off-Plan Property with Subsidy
1. Can I use the FGTS to purchase a property off-plan?
Yes, it is possible to use the FGTS to make up the down payment or pay off the outstanding balance.
2. Is the subsidy applied to the down payment?
Yes. The subsidy amount can be deducted from the down payment or added to the financing, depending on the situation.
3. What if the work is delayed?
Construction companies that work with the program must follow deadlines defined in the contract. Caixa also monitors the projects.
4. Can I customize the property during construction?
It depends on the construction company. Some allow for customized finishes, within an established deadline and standard.
5. Can I simulate directly with the construction company?
Yes. Construction companies like MRV have simulators integrated with Caixa, which speeds up the process.