Therefore, both need to present their pay stubs and proof of marital status. If they are self-employed, it is important to submit bank statements to show the account movement as well as the couple’s income tax return.
If you wish to fund with a bank you do not have an account with, you will have to go through the entire registration process with the manager, who will inform you of all the documentation required to follow the steps and then approve the funding. Try to demonstrate where your family income comes from, whether through pay stubs, bank statements, income tax return, service contracts, etc. In case of the Development exit finance this is important.
Finally, wait for your review on the Credit Protection Service (SPC), and if there is no pending on your behalf, the credit is released.
How long does it take for approval?
Whether you already have all the necessary documents in hand, whether the funding will be in the bank that has an account or in a different agency, whether you have simulated the amount you can invest or not. If you want to know how much the benefits will be for you and if it fits in your pocket, you can do a free online simulation.
In general, it can be said that a quick approval process will take around 15 days, while a longer process with a higher document requirement may take three months for a definitive answer.
Credit Completion and Approval
The first part of the financing to buy your own home has already been made between you and the bank, and after the whole stage of data verification, the financial institution will request an appraisal of the property made by a specialized company, engineer or architect to confirm your real market value.
Upon confirmation of the value, the installments are established and proceed to the stage of making the contract, which must be signed by the seller and the buyer. From this, the bank will pay the seller and the debt is between you and the bank.
Through FGTS (SFH System)
Financing through the FGTS is part of the SFH (Housing Finance System) system, which is a federal government mechanism aimed at home ownership, especially because there are properties for sale and throughout the country. This financing model has some characteristics, benefits and restrictions: the amount financed cannot exceed R $ 585 thousand and only individuals can finance.
The buyer can finance in any bank, with a term of up to 35 years to repay (420 months) and interest rates not exceeding 12% per annum. The FGTS can be used to pay off installments, make down payments and reduce installments, reducing your debt.