Caixa Econômica Federal announced this Tuesday (3) the resumption of financing for the purchase of residential properties above R$2.25 million with resources from the savings account.
The modality, framed in the Real Estate Financial System (SFI), was suspended since October 2024 for individual hires. At the time, the bank decided to give priority to credit for lower-value properties, given the reduction in resources available in savings accounts.
With the decision, Individuals are once again able to finance high-end properties with resources from the Brazilian Savings and Loan System (SBPE), the country’s main source of real estate credit.
In a statement, Caixa’s vice-president of Housing, Inês Magalhães, informed that the housing package at the end of last year increased the availability of savings resources for housing creditallowing the gradual resumption of operations in this value range.
“The reopening expands the bank’s scope of activity in housing credit, strengthens its relationship with high-income clients and contributes to the growth of the real estate and construction market,” said the executive in a note.
At the end of last year, the government launched a new real estate credit model. Among the changes is the gradual reduction in the allocation of passbook deposits to compulsory deposits, money that banks are obliged to keep at the Central Bank (BC), until 100% of savings resources can serve as a reference for housing credit.
Suspension
Since 2024, Caixa has been allocating savings resources to properties included in the Housing Financial System (SFH), which serves lower-value units.
According to the bank, the strategy sought to democratize access to credit, serve a greater number of families and adjust the offer to lower savings capture, which has recorded more withdrawals than deposits in recent years.
With the improvement in SBPE’s liquidity (available money) following regulatory changes, the bank decided to expand its operations in the high-end segment once again.
Sustainability seal
Caixa had resumed financing for the construction of properties at SFI, but with an additional requirement: projects must obtain the Casa Azul Uni Seal, a sustainability certification granted by the bank.
The seal evaluates environmental and construction efficiency criteria and classifies projects at Bronze, Silver or Gold levels. The measure is aligned with the institution’s environmental, social and governance (ESG) goals.
With the decision, Caixa returns to operating in all ranges of real estate credit with savings resources, expanding the offer for both popular properties and higher value units.
