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2h ago

FGTS Council Unanimously Restores Fund Use for Mortgages Up to R$2.25 Million

The adjustment corrects an exclusion from October's housing-credit update to curb litigation with minimal impact on the fund.

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Overview

  • All SFH contracts for properties valued up to R$2.25 million can now use FGTS balances to liquidate, amortize, or pay part of mortgage installments.
  • The fix reinstates access for loans signed between 12 June 2021 and 9 October 2025, a window that had been left out of the initial implementation.
  • The proposal was presented by Abecip superintendent José Aguiar and approved unanimously by the FGTS Curator Council at an extraordinary meeting on 26 November.
  • The council estimates the change will move roughly 1% of the fund's resources, characterizing the impact as limited.
  • The measure aligns rules with the October model that raised the SFH property ceiling from R$1.5 million to R$2.25 million; SFH draws on FGTS and savings with rates capped at 12% per year.