Caixa Econômica Federal has 52 thousand real estate financing contracts that can benefit from the change in the use of the FGTS (Time of Service Guarantee Fund) approved by the Fund’s Board of Trustees on Wednesday (26).
Now, the fund can be used to amortize, purchase or reduce installments in all real estate financing contracts, regardless of the signing date, as long as the value of the property is within the new ceiling of R $ 2.25 million.
According to Ines da Silva Magalhaes, Vice President of Housing at Caixa, the State Bank has 52 thousand active contracts since 2021 for properties worth between R$1.5 million (old ceiling) and R$2.25 million.
However, for a customer to use their FGTS balance for financing, they will need to update the property value to see if it fits within the current beneficiary range.
The Board of Trustees’ approval ends the regulatory limbo open since October 10, 2025, when the government raised the SFH (Financial System for Housing) ceiling from R$1.5 million to R$2.25 million. At that time, contracts signed between June 12, 2021 and October 9, 2025 were excluded from the update, as they were barred from using the FGTS if the property exceeded the old limit. The exclusion mobilized banks and developers, who pressured the government to correct the rule, as described in Bound.
Caixa expects that authorizing the Fund to amortize real estate financing will free up more of the bank’s resources to grant new loans and expand the franchise.
According to Marcos Brasiliano Rosa, Caixa’s Vice President of Finance and Control, even before the change, the organization was already seeing an acceleration in the consumption of these contracts.