Nowadays, owning a home is a desire that seems distant for many Brazilian families. However, simulating a loan in the program My Home My Life makes it easier.
In addition, this process offers affordable housing finance to those with lower family incomes.
That's why one of the first steps to entering the program is to understand how to simulate financing. This process allows you to get a clear idea of the amount of the installments, the terms and even the subsidy that the government can offer according to your profile.
What's more, simulating a mortgage is simple, free and can be done in just a few minutes via the official Caixa Econômica Federal website or through specially developed apps.
So in this article you will learn step by step how to do this simulation correctly, ensuring more clarity and security before starting the process of buying your property.
Renata Silva, 29 years old - Recife (PE)
"I did the simulation through the Caixa app and was surprised by the installments. I discovered that I could pay less than my current rent!"
Carlos Eduardo, 41 years old - Goiânia (GO)
"I always thought that financing was bureaucratic, but in 10 minutes I did the simulation on the website. Now I'm waiting for the final approval."
Marta and Jefferson, young couple - Sorocaba (SP)
"We weren't sure if we could finance it, but the simulation showed that our profile fits perfectly. We're already in contact with Caixa."
Dona Terezinha, 63 years old - Belém (PA)
"I thought that because I'm elderly and live on my pension I wouldn't be able to get it, but the simulation showed a viable and affordable loan."
First of all, it's important to understand what a housing simulation is. It's an online tool that allows you to calculate the estimated value of the mortgage, taking into account factors such as:
As a result, the system generates a realistic preview with this information:
Therefore, this stage is fundamental for the interested party to understand what fits into the family budget, even before gathering the documentation.
You can currently do your simulation through three official channels:
What's more, all these channels are safe, free and officially recognized by the federal government.
Then click on "Housing Simulator"available right at the top of the page. This is the official channel for calculating housing finance for properties in the Minha Casa Minha Vida program.
Afterwards, a form will be displayed with fields to fill in:
Then click on "Next" to proceed to the next step.
In the next step, the system will ask for essential information to define your income bracket and the possible subsidy:
So provide all the data carefully to get the most accurate simulation.
Once you have filled in all the fields, the system will display a page with the results:
This will give you a clear picture of your financing capacity, according to the rules of Minha Casa Minha Vida.
In addition to the website, you can simulate financing directly from your cell phone using the app Housing Box.
First, go to your smartphone's app store:
Search for "Caixa Housing" and install the official app.
Then open the app and tap on "Simulation". The system will ask for the same information as on the website:
Just like on the website, the app will display a final screen with all the details: installment amounts, deadlines, estimated subsidy and more.
You can then save the simulation, export it to PDF or send it to your e-mail address. This feature is useful if you want to compare simulations or show the data at a Caixa branch.
Of course, anyone can do a simulation, even if they don't have all their documentation ready. However, in order to take out a loan, you need to:
Therefore, doing the simulation in advance is useful to assess whether you really meet the requirements before formalizing the application.
The Minha Casa Minha Vida program is currently divided into four income brackets. See how this directly influences your simulation:
Consequently, the lower your income bracket, the greater the discount offered by the government, resulting in lower mortgage installments.
As well as being practical, doing the simulation has other benefits:
This way, you avoid unpleasant surprises and enter the process with greater confidence.
Additionally, to make your simulation more accurate, follow these guidelines:
Therefore, the more realistic your simulation, the closer you will be to the ideal mortgage.
Certainly, simulating financing through Minha Casa Minha Vida is a fundamental step for anyone who wants to buy their first property safely and with financial awareness.
Furthermore, with the use of technology and Caixa's digital channels, this process has become practical, fast and accessible to everyone, including informal workers and beneficiaries of social programs.
So if you haven't done your simulation yet, take the opportunity now to go to the Caixa website or download the app, enter your details and take the first step towards owning your own home.