Learn more about Real Estate Financing at Good Credit, its advantages and know if you fit.
The dream of most people is to own their own home, and it is almost always necessary to resort to a mortgage. With so many options in the market, some aimed at a specific audience, learn more about Good Credit and its real estate financing.
What is Good Credit?
The Savings and Loan Association – Good Credit is a non-profit, mutualistic civil institution founded and administered by the Army Housing Foundation (FHE). Good Credit’s mission is to improve the quality of life of its customers through access to financial services and housing.
Real estate financing at Good Credit is made available to career military personnel from the Armed Forces graduating to Warrant Officer or NCO, their pensioners or participants in the Housing Support Fund (FAM) or FAM Family.
Different types of real estate financing at Good Credit
FHE has created three different programs to make it possible for homeowners to win their own home:
- The My 1st Property Program,
- The Own House Program (PROCAP) and
- The Special Housing Program.
Understand the real estate financing conditions better at Good Credit in each of these programs.
Real estate financing in Good Credit through the program
For the acquisition of residential property, it is necessary that the property has a maximum value of R $ 500 thousand. The interest rates for this financing are from 0.65 to 0.70% per month.
The maximum term is 30 years by the table of the Constant Amortization System (SAC), with decreasing installments, and 20 years by the table PRICE (equal installments). The maximum percentage of financing by SAC is 85% of the total value of the property, and may reach 90% for Poupança Good Credit customers for at least one year. By the PRICE table, the total funded is 80%.
Acquisition of housing by PEM
In this mode, real estate financing at Good Credit is made for properties of up to R $ 200 thousand or R $ 240 thousand for cities with more than 200 thousand inhabitants. The nominal interest rate is from 0.63 to 0.65% per month, with no residual installments of outstanding balance at the end.
The term of this type of financing is 30 years. The amount granted is calculated based on the PRICE table of up to 80% of the total value of the property, and may reach 90% for those who have Good Credit Savings for over a year.