Caixa Econômica Federal and Banco do Brasil began operating, starting this Wednesday (22), with the new rules of Minha Casa, Minha Vida (MCMV). The changes expand the reach of the program and alter two central points of housing financing: family income limits and the maximum value of financed properties.
In practice, the program now serves families with monthly income of up to R$13,000 and properties worth up to R$600,000. The movement repositions the MCMV as an alternative also for the middle class, which had been facing restrictions in real estate credit in a scenario of high interest rates.
Income ranges have been updated and expanded. Range 1 now includes families with incomes of up to R$3,200, while range 2 goes up to R$5,000. Range 3 was adjusted to up to R$9,600, and range 4, recently created, now includes income of up to R$13,000.
This change changes the perspective of some buyers. Families that were previously outside the program or in higher interest rates now have access to more favorable conditions.
New income limits by bracket
- Track 1: went from R$2,850 to up to R$ 3.200
- Track 2: went from R$4,700 to up to R$ 5.000
- Track 3: went from R$8,600 to up to R$ 9.600
- Track 4: went from R$12,000 to up to R$ 13.000
Change in property value
Another central point of the reformulation is the increase in the ceiling on financeable properties.
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New maximum property values
- Tracks 1 and 2: of R$ 210 mil a R$ 275 mildepending on the location;
- Track 3: of up to R$350 thousand for up to R$ 400 mil;
- Track 4: of up to R$500 thousand for up to R$ 600 mil.
The change expands the type of property that can be purchased within the program. Families in bracket 3 now access more expensive units, with an increase of R$50,000 in the limit. In range 4, the increase reaches R$100 thousand, allowing entry into higher standard segments.
Why the government made the change
The update occurs in a context of high credit costs outside the program. With the Selic rate at high levels in recent months — reaching around 15% and currently at 14.75% — traditional real estate financing has become more expensive, reducing access mainly for the middle class.
The expansion aims to correct, according to the federal government, a distortion that excluded families close to the previous limits, expanding the middle class’s access to home ownership.
How many families are expected to be impacted?
According to the federal government, around 87,500 families should benefit directly from the new conditions. The revision of the bands also incorporates approximately 31.3 thousand families into band 3 and another 8.2 thousand into band 4.
The expansion is significant when compared to the program’s recent design. Until April 2025, MCMV served families with incomes of up to R$8,000. This limit rose to R$8,600 in the same year and, with the creation of band 4, reached R$12,000. Now, the ceiling reaches R$13 thousand, consolidating the expansion of the target audience in less than a year.
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Effect on the real estate market
The expectation is for an increase in demand for properties, especially in intermediate price ranges. With interest rates below market rates and greater financing capacity, the program tends to reactivate demand for larger or better located units.
The impact can also reach the civil construction sector, which now has an expanded audience and greater purchasing power within the program’s rules.
