Some of the stated advantages of the Minha Casa Minha Vida  program are financial subsidies, reduced interest on payments, unemployment insurance, up to 30 years of financing, quick credit approval, and other concessional exemptions and discounts.

The selection process is similar to that of the national lottery, where eligible families may register to be included in a drawing for the housing units which are available.

When a family is selected, their documentation is approved and they can sign the contract offering up to 10 years of financing - The property value will not exceed the maximum of R$75,000 and the first installment payment is due the month after the signing of the contract.

Potential beneficiaries apply by providing proof of income along with proof that they do not own any other properties in Brazil, do not receive any other housing benefits and do not currently finance a property in their name.