Mortgage at the birth of a third child. Features of compensation for mortgage loans by the state and banks

A mortgage at the birth of the first child is an additional financial burden on the family budget, especially during a period of deteriorating economic situation in the country as a whole.

At the same time, without sufficient financial savings, and taking into account the cost per square meter of residential real estate, it becomes obvious that other than taking out a loan, young families have no other way to acquire their own housing.

The state strives to provide all possible support to couples with small children and provides the opportunity to take part in social programs by providing mortgage benefits at the birth of the first child and subsequent children.

Mortgage lending after the birth of the first child

A young couple, regardless of the moment of the birth of their first baby, who meets the criteria for participation in a federal or regional program can count on receiving a housing certificate, as well as counting on partial or complete write-off of the mortgage.

One of the priority tasks of the state is assistance in resolving the housing issue, which can be expressed in the form of:

• partial payment of the cost of real estate when purchasing it for cash;
• down payment when concluding a loan agreement for the purchase of housing;
• repaying the mortgage at the birth of the first child;
• payment of the loan balance and accrued interest, except for penalties or charges resulting from late or non-fulfillment of financial obligations;
• mortgage write-off up to 600 thousand rubles.

To become a participant in the federal or regional program “Providing Housing for Young Families,” you will need to collect the necessary package of documents, as well as prepare an application and join the ranks of those waiting to receive assistance from the state.

To calculate the write-off of part of the mortgage at the birth of your first child, you must meet established criteria and fulfill key conditions.

Conditions for participation in the state program

Mortgage write-off at the birth of the first child is possible provided:

• confirmation of a significant decrease in income for reasons beyond the control of the borrower;
• increasing the monthly payment amount. Applies to those bank clients who took out a foreign currency loan. The weakening of the national currency inevitably leads to an increase in the monthly loan payment.

First requirement

To qualify for the mortgage write-off program at the birth of a child in the amount of 600 thousand rubles, the borrower will need to officially confirm the fact that the level of income has decreased by at least 30% over the last 3 months preceding the application for help from the state.

An example of a supporting document could be a certificate of income in Form 2-NDFL, extracts from a pension fund, in case of receiving social assistance due to partial loss of legal capacity and assignment of a disability group.

Second requirement

Could be issued in foreign currency, for example, US dollars.

The weakening of the ruble exchange rate against the dollar automatically leads to an increase in the payment amount in ruble equivalent.

In other words, according to the repayment schedule, the amount in USD remains unchanged, but due to the fall in the exchange rate, the borrower will need more rubles to purchase the required amount in foreign currency.

An important condition is that the increase in monthly payment must be at least 30%. In this case, the young family may be given the opportunity to:

• write off up to 600 thousand rubles;
• agree to reduce the monthly payment amount by 2 times for a period of 1.5 years.

Requirements for real estate area

You can take part in the state program to support a young family, provided that the housing purchased with a mortgage belongs to the economy class.

The area of ​​such real estate cannot be larger than:

• 45 sq.m. – for 1 apartments;
• 65 sq.m. – for 2 apartments;
• 85 sq.m. – for 3 apartments.

You should also take into account the cost of the purchased property.

Families with many children often wonder what will happen if they already have a mortgage and their third child is born. How many rooms there will be depends on the number of children in the family. And the more there are, the less money remains for other expenses. Therefore, it is very important to know whether the mortgage is written off when a third child appears in the family.

What benefits are provided?

On the Internet you can find a lot of information about the benefits that apply to the birth of children, especially if a third child appears. Let's talk more about what support families can use.

Mortgage lending to families with children is carried out in accordance with the law in the form of social payments to repay the loan. Bank programs have general benefits, which include a lower rate, the use of government payments and a deferment in loan repayment.

Write-off or repayment of mortgage at the expense of the state

At the birth of the third baby, loan write-off is possible with the involvement of such authorities as: federal (operating throughout the country), regional, city.

Maternity capital is accepted in banks, for example, Sberbank has a special program, we tell you more about it at this link. In the process of choosing a lending bank, you need to be very careful and carefully compare all programs.

This determines how convenient the procedure for making scheduled payments will be. We advise you to additionally take advantage of consultations with local authorities, as well as with the regional division of AHML.

You can compare loan programs and calculate your future mortgage payment using our online calculator.

At the birth of a third child, benefits are often given to those who live in regions with sufficient funds in the treasury or even an overcrowded budget. On the contrary, in cities where finances are tight, much more attention must be paid in order for write-offs to occur.

Main advantages:

• Reduced interest rate.
• Debt repayment may be postponed to a later date. All conditions are negotiated with the lender individually.
• Some payments to real estate at the expense of the budget - according to the subprograms of the CPU Housing.

Important! Write-off of the mortgage at the birth of the third baby is available only if a special program is provided and operated in the region or if MK is used.

average market price of 1 sq.m in the region * housing area (42 sq.m + 18 sq.m for the third/subsequent children) * % of debt repayment = subsidy amount
Example for a family with 3 children: 35,000 rubles/sq.m * 55 sq.m * 30% = 577,500 rubles.

You should not expect an immediate payment: it all depends on the state of the treasury. For example, in poor regions you will have to wait up to 1-2 years.

You can apply for a subsidy from January to June. The issued certificate is valid for six months. Otherwise, it will be canceled and you will have to join the queue again.

Various targeted programs in the regions

• A subprogram of the federal Housing program, which is called “Providing housing for young families.” With the received certificate you can pay up to 30% of the cost of housing, obtained not only through a mortgage, but also in cash. The family must acquire special status and take a place in line. It does not matter the number of children in the family.
• Special rates in certain regions with the support of the Housing Mortgage Lending Agency. Also applies to families with three or more children.
• Regional programs operating within the framework of the state “Providing affordable and comfortable housing and utilities to citizens of the Russian Federation.” They allow you to buy real estate at a special price from certain developers.

List of conditions for applicants for subsidies

Having three children does not mean that a family can receive financial assistance from the state. The list of conditions includes the following:

• Availability of Russian citizenship.
• Registration in the region for the period established by the legislation of the municipality.
• All children must be minors. The only exceptions are full-time students of universities (acceptable age is up to 23 years).
• The area per family member should be less than the regional accounting norm per person. Each region has its own, you should clarify this issue in advance.
• The family must be classified as low-income.

Requirements may vary greatly from region to region. In some regions, even the date of birth of the third child is important. You can get all the necessary information from the municipality.

What documents will be needed to receive benefits?

If a family has a third child and wants to receive privileges in mortgage lending, then certain reasons are needed for this:

• The need to improve living conditions.
• Lack of funds to repay the mortgage loan yourself.

You will need to collect the following package of papers:

• Confirmation of the fact of having many children.
• Corresponding statement.
• Copies of parents' passports.
• Birth certificates of children.
• A certificate according to which the amount of tax deductions is determined.
• Extract on the number of registered citizens in the apartment.
• Marriage certificate.
• Receipts for real estate with unsatisfactory living conditions, including papers that are used in the design and operation of technical facilities.
• Document with information about family members.
• A paper confirming the family's right to government assistance.
• Loan agreement.
• A copy of the bank document for the property.
• A copy of the apartment purchase and sale agreement and a certificate of ownership.

Making a decision takes about 1 month, and after that the lender gives an answer whether the benefit will be provided. Today, most citizens prefer Sberbank to obtain a mortgage, as it is the largest and most reliable in the country. Its best programs can be found in this article.

How a mortgage is written off at Sberbank

Full or partial repayment of the mortgage balance is made in accordance with the amount that has not yet been paid to the bank. Write-off of a loan issued at Sberbank is supported by all necessary documents in the Pension Fund. The sooner the papers are submitted, the better for the borrower. Funds are written off depending on the amount of funds available in the region’s budget.

Sberbank operates the following programs: “Mortgage + Maternity Capital” and “Young Family”. The offers of this financial institution also apply to single spouses who have children in their care.

What are the advantages of preferential lending?

• At the birth of the first baby, a deferment on loan repayment is provided until the child reaches 3 years of age.
• If you have a second child, you can defer payments for 5 years, but this does not exempt you from paying interest.
• The loan amount can reach 90% of the total value of the property.
• The first payment is from 10%, and if you have maternity capital, you have the opportunity to pay with it, details here.
• Early repayment without penalties or additional fees.
• Reduced percentage.
• All banks that are partners of AHML when applying for a mortgage loan for housing under construction for borrowers with many children reduce the rate by 0.25%.

Summing up

Mortgage repayment this year is available not only for the birth of a third child, but also for the adoption of children. This opportunity depends on the region of residence of the family.

Paying off the mortgage for the birth of your third child is a great motivation for expanding your family. But if you do not plan to have so many children, then if you are both under 36 years old, you can count on other preferential mortgage payment terms. Such programs are presented on this page.

Today, throughout the Russian Federation, social programs continue to operate in support of young families with minor children. These programs are supported by almost all banking institutions, and Sberbank is no exception.

The state finances assistance to the population at the federal or regional level. Accordingly, in different parts of the country the conditions, preferential categories and cash payments will be slightly different. In turn, banking institutions offer a number of favorable conditions for their current and potential clients, thereby helping to solve their housing problems. For example, when the state provides the poor with additional financial assistance, Sberbank offers reduced interest rates, as well as revisions of payment periods, that is, deferments, cooperating with subsidies from the government.

In practice, Russian citizens take out a mortgage, often choosing Sberbank, since this non-governmental institution, even in times of crisis, is stably supported by the government. In other words, this is a kind of assurance of reliability, which is an extremely important nuance when applying for a loan for a very significant amount and for a long time.

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What Sberbank offers

Even if the mortgage was taken out by a childless young family, after the birth of children, mortgage programs change their conditions. This happens immediately after the child is born, but borrowers must report this themselves. That is, the birth of a baby gives his parents or parent, if we are talking about a single mother or father, the right to ask for a reduction in interest on the loan, deferment or partial repayment of the debt at the expense of the state budget.

Conditions vary depending on whether it is the first child in the family, the second or the third. For example, at the birth of the first, you can ask for a deferment, at the birth of the second, and the third gives the right to ask to write off the balance of the debt or part of it, depending on the amount of the unpaid mortgage.

• Social assistance from the state in cooperation with Sberbank is provided, among other things, by such programs as:
• Mortgage with the involvement of maternity capital (for the purchase or construction of housing);
• Assistance to young families for spouses who are under thirty-five years of age;

Loan restructuring with partial repayment of debt or reduction of monthly payments for up to one and a half years.

After studying and analyzing banking products that are related to mortgage lending, experts note the following advantages:

However, rushing to make a decision is not always wise. You should weigh all the advantages and disadvantages, analyze and compare several different proposals, comparing them with your immediate plans for the future.

Governmental support

The Government of the Russian Federation has entered into several significant agreements with Sberbank. Thanks to them, young families with children have the opportunity to pay off their home mortgage in a simplified manner and also bear less financial burden.

What you can claim:

When a child is born, Sberbank writes off the mortgage only if it is a third minor. However, it should be borne in mind that this is a very difficult procedure. You will need to collect a lot of documents and spend a lot of time and effort. The amount the government will provide to pay off the mortgage depends on the value of the property and the amount already paid.

Write-off procedure

To write off a mortgage issued through Sberbank, you must go to the territorial branch of the Pension Fund with previously prepared documents. The sooner this is done, the better for the loan payers. The required list of papers includes:

For residents of large settlements, the Pension Fund office usually needs to make an appointment in advance. There is a live queue without an appointment. After receiving the application with documents, the responsible employee will set a date when you can appear for the result.

Influence of the status aspect

An equally important aspect when applying for government assistance for a loan from Sberbank is the list of categories of persons who have a preferential right to this.

These include:

• Adult, capable citizens with natural or officially adopted children;
• Participants in combat operations with a veteran's certificate;
• Individuals with disabilities;
• Families with dependent children with disabilities.

When borrowers submit all required, correctly completed documents that contain accurate information, their application will be approved. After approval of the application, the funds are transferred to a current account separately opened for this purpose, or directly to a bank account, from where they will be debited to pay off the mortgage.

After this, in order to avoid controversial situations, it is advisable to obtain from the Pension Fund the appropriate receipt for the transfer of funds, which will serve as proof of this fact. This is an important point, since sometimes confusion arises, and the bank, after paying the mortgage, continues to demand further repayment. This is not a big problem, but this happens when the mortgage is written off at the birth of a child and Sberbank does not receive timely notifications from government agencies.

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One of the core activities of the state is the protection and support of families with children. And the main point is the purchase of separate housing. For a million spouses with many children, this question remains relevant.

To improve the housing issue in Russia, more than one program has been introduced. And most couples are wondering what to do with the birth of their third baby. Are there any benefits, because they receive the status of large families.

Features of government assistance

State preferences can be divided into three groups:

1. Federal projects where the benefits apply to residents of the entire country.
2. Regional programs operating for Russians within the regional territory.
3. Help from the city treasury at the expense of the city hall budget.

Couples with three or more children are given an apartment loan immediately on preferential terms along with social benefits. This money helps cover an impressive part of the debt.

Separately, banking institutions help large couples obtain loans on special conditions:

• With a reduced interest rate.
• Taking into account everything from the government.
• Providing a deferment on repayment of the loan upon the birth of a child for up to a year.

When a new family member appears, the manager may accept an application for a reduction in the mortgage interest rate during the spouse's maternity leave. If this is the second baby, then there is a chance to get a certificate for maternity capital. But the 3rd child makes it possible to pay off the debt in full.

Previously, the latest programs were in great demand, but new legislative measures began to apply to spouses with 2 children, so the financing of the loan program is no longer so high.

What is being done for married couples

As mentioned above, when the 2nd or 3rd child appears (if people have not yet taken advantage of help from the state), funds from maternity capital can be used to pay off the existing mortgage debt. This will allow you to close a loan in the amount of up to 425 thousand rubles.

Additionally, the program has been actively working since 2018 with the support of Russian President V.V. Putin, where couples with children can receive a discount on the rate. Families who have a mortgage on the primary market can apply.

In this case, you can refinance or the government itself will compensate for the difference in payments. The benefit for 2 children lasts 3 years; if there are already three of them, then the preferences will last for five years.

Some regions help people with many children who have a third child. Let’s say that residents of the capital receive money under the “Luzhkov Payments” project, which means 10 monthly payments and other one-time benefits. For smaller cities, apartments are allocated from the regional budget free of charge.

The minimum amount that can be paid is 50% of the cost of housing, that is, the valuation of the property on the date of conclusion of the contract. The state does not care how many years a person has repaid the loan, but in any case it is no more than 1 million rubles.

What benefits are valid in a particular city and region should be checked with the housing committee of the municipal authorities. In Russia there are areas that will help you write off any amount of the mortgage balance if you have a 5th baby.

For those who have a mortgage and were born, it is important to know that any loan repayment assistance options can only be applied for if they have papers on hand confirming the status of a large couple. If there is no such document, then it is advisable to go to the Pension Fund at your place of residence to get it.

List of all preferences from the state

Depending on the financial and housing situation, the status of a couple with 3 children (maybe they are also a single parent), you can count on the following opportunities:

1. If you have the status of a participant in the federal housing program, you can obtain significant mortgage benefits. The state will compensate part of the percentage, which will have a positive effect on the amount of payment.
2. Civil servants have their own advantages. They can take part in the “Affordable Housing” or “” projects. In this case, banks, with the support of the government, make discounts on the payment of the first installment, the interest rate, and a deferment on debt repayment is possible.
3. When it is not possible to take advantage of the benefits of state programs, there is a chance for previously paid taxes in the amount of 13% of the amount of the apartment. This money can be used for a loan.
4. Maternity capital funds of 425,000 can be used for a loan, and a 13% tax deduction can be claimed from the remaining amount.

It should be understood that at the federal, local or regional levels they have tested their own social projects for people with housing loans when they have a third baby. It is advisable to contact your local government for information.

Welcome! So, a 6 percent mortgage in Russia is becoming a reality. 11/25/2017 Vladimir Vladimirovich Putin, at a meeting of the coordinating council for the development of a national strategy for state action in the interests of children, said that starting from 2018, in addition to other options for helping families with children, a special mortgage program “Mortgage 6%” will be developed. It will allow families with two, three or more children to receive a loan at a preferential rate not exceeding 6% per annum. Let's find out the terms of this program, the requirements for the borrower and how to apply for such a housing loan, and most importantly - where?

Earlier, Dmitry Anatolyevich Medvedev spoke about the possibility of reducing the mortgage rate to 6-7%. At a meeting with the governor of the Samara region in May 2017, he said that the Russian economy was ready for such a rate.

Let's really evaluate the reasons that led to the creation of preferential mortgages with subsidized mortgage rates from the state:

• Low inflation. At the end of 2017, inflation in Russia should not exceed 3%, which will allow the Central Bank to continue to reduce the key rate, and therefore reduce the cost of money for banks. As a result, the next point.
• In 2017, mortgage rates reached their lowest levels. According to the Central Bank, it is 10.05% percent, which is an absolute record and by the end of the year the rate may break 10%.
• Economic stabilization. Oil prices remain around 60 rubles per barrel, which is a comfortable price for Russia. External attacks from the West on the economy were also repulsed. There was a respite before another storm before and after the 2018 presidential elections.
• Mortgages have become one of the most reliable sources of profit for banks. In 2017, it should exceed the level of 2 billion rubles. Banks are actively entering this market because... The mortgage product is one of the lowest risk. The share of mortgage arrears does not exceed 1-3%.
• Stagnation in the construction industry. The end of state-supported mortgages in 2017 became a serious problem for developers. During the period of this program, the share of mortgages for new buildings reached 70-80% in bank portfolios. At the moment, the situation has changed dramatically. Interest rates on secondary housing have become equal to or even lower than rates on new buildings. This influenced the fact that the share of the secondary market in mortgage transactions reached 70% percent. The growth that the mortgage market showed did not cover the developers' need for cheap money. People started applying for loans for ready-made options on the secondary market. The result is a decrease in the commissioning of new square meters, suspension of current projects, postponed new projects and bankruptcies of developers. If we add to this Putin’s order to move away from the practice of shared construction in the direction of project financing of construction projects within 3 years, then a serious crisis in the construction industry was looming ahead.

All these prerequisites prompted the government to launch mortgages at 6 percent. Let's find out the conditions.

Government Decree

Changes for 2019

Today (04/05/2019) Dmitry Anatolyevich Medvedev signed a decree dated 03/28/2019 on changes to the Rules for the provision of subsidies, which include the following points:

• Residents of the Far Eastern District from rural areas were allowed to take out a mortgage at 5% not only from a legal entity, but also from an individual (secondary). In this case, the second and subsequent child should be born not on January 1, 2018, but on January 1, 2019.
• allowed to refinance under the family mortgage program, previously refinanced loans under regular programs.
• an interest rate of 6% will remain in effect for the entire term of the mortgage

Now there is an official document from the government “Resolution on amending the rules for providing subsidies from the federal budget to Russian credit organizations and the joint-stock company “DOM.RF” to compensate for lost income on issued (purchased) housing (mortgage) loans (loans) provided to citizens of the Russian Federation “having children” can be downloaded on our website in the same way as the previous document dated July 30, 2018 was published.

The above resolution includes the following important changes:

• now families with a fourth and subsequent children can participate in a family mortgage and refinance an old mortgage at 6% (previously, families with a 4th and subsequent children could not qualify for a 6% mortgage rate);
• the period of participation in the program is extended until March 1, 2023 for families whose second and subsequent child is born between 07/01/2022 and 12/31/2022;
• a concept is introduced as an “additional refinancing agreement”, which allows the bank to reduce the rate on an existing mortgage to 6% (regardless of the date of issue, but strictly from the legal entity), without drawing up a new agreement (now the rate reduction has become possible in that bank as well , who issued a mortgage without the need to prepare a new package of documents for work, which is especially true in the case when the wife is on maternity leave and has no income);
• the subsidy period increases to 8 years if two or more children are born between January 2018 and December 31, 2022.

Conditions

Preferential mortgages assume that the state subsidizes the interest rate for banks up to 6%. The mechanism will be approximately the same as with state mortgages in 2015-2017. The state will determine the circle of banks that will participate in the program. All of them must submit a special package of documents to the Ministry of Finance of the Russian Federation and an application for participation in the program within 30 days from the date of publication of the decree. Banks and AHML will receive monthly compensation for lost income. If your mortgage was sold to AHML or another bank, then you shouldn’t worry either. You will be able to participate in the rate subsidy program.

The program is valid from January 1, 2018 to March 1, 2023. 600 billion rubles have been allocated for the implementation of the program.

Next, they will sell mortgage products at a rate of 6 percent per annum or even less, and the Ministry of Finance will compensate the banks for lost income. This income will be the difference between the market rate (currently about 10%) and 6%. The operator of the entire mechanism is AHML. After the end of the subsidy period, the rate will be set at the Central Bank refinancing rate on the date of registration of the mortgage + 2%. It may be less according to the bank's decision.

For ordinary borrowers this will not be noticeable in any way. The mortgage agreement will indicate a fixed rate. But there is a very important nuance:

• For a family with 2 or more children (the second child must be born after January 1, 2018 and before March 1, 2023) - the 6% rate will apply for the entire period;
• For a family with 2 or more children from rural areas of the Far Eastern Federal District, a preferential rate of 5% will be valid for the entire period.

Important point. A mortgage loan at 6% will be issued only for a new building, as well as for refinancing an existing mortgage loan issued for similar purposes. This program does not apply to the secondary market. Also, this object must be purchased only from a legal entity. By transfer from an individual, it will not be possible to take out a mortgage at 6% (except for cases of issuing a loan or refinancing the mortgage of residents of rural areas in the Far Eastern Federal District).

Another very important point! Previously, according to government decree, families with 4 or subsequent children were not able to get a family mortgage at 6 percent. After a direct line with the president on June 7, 2018, this issue was raised. The state additionally allocated another 9 billion rubles and eliminated this problem.

Who can get a mortgage

Let's define the circle of borrowers:

1. A family in which a second child is born after 2018;
2. A family in which a third and subsequent child is born after 2018.

It is worth understanding that a preferential mortgage at 6% is aimed at further increasing the birth rate, so only those families who are planning to have a baby in 2018 and later can apply for a subsidy.

According to the forecast of the Ministry of Finance, more than 500 thousand families will be able to take advantage of this mortgage.

Only citizens of the Russian Federation can take advantage of the subsidy.

Loan requirements

In order for the loan to be subsidized, the bank must issue a mortgage with the following parameters:

1. The loan must be concluded in rubles no earlier than 01/01/2018 (for a new loan).
2. The size of the mortgage loan does not exceed 3 million rubles. for regions of the Russian Federation and does not exceed 8 million rubles. for Moscow, Moscow Region, St. Petersburg and Leningrad Region.
3. Down payment from 20% of the cost of housing.
4. The rate is 6% for the subsidy period. It should not exceed by more than 2% the Central Bank rate on the date the mortgage was issued, after the end of the subsidy period.
5. Mandatory life insurance of the borrower and the facility after completion of its construction.
6. Annuity payment.

In essence, this is the return of the previous ““ program, but with a new sauce - a preferential rate of 6%.

Banks participants

As mentioned above, in order for a bank to become a participant in the program, it must submit a special application for participation. If it is approved, the bank will have the right to receive compensation from the state and issue preferential mortgages at 6 percent.

The very first bank that has already started accepting applications was VTB 24 Bank and VTB Bank of Moscow. At the moment, employees are not very familiar with the conditions, but they need to be patient. You can now contact the bank. Sberbank has not yet made a decision on participation and is eyeing the president’s initiative. Employees received notifications that the entire implementation mechanism is now being worked out and the program will work in Sberbank from the second half of February.

Which marked the start of the family mortgage program. You can download the order from the link. The final list of participants included 46 banks + AHML. The allocated funds in the amount of 600 billion rubles were distributed among them in unequal proportions. The largest shares were received by Sberbank, VTB and, unexpectedly, Absalut Bank. See the table in the order or below.

Family mortgage with state support of 6% participating banks at the moment:

AHML and agency partners have already launched their “Family Mortgage with State Support” program and are considering not only borrowers for new loans, but also refinancing of existing mortgages.

How to apply

How to get a mortgage at 6% is already possible. The principle will be as follows:

1. A standard package of documents is being prepared, which is supplemented by birth certificates of children;
2. A mortgage is issued at a preferential rate of 6%;
3. The state compensates the bank for lost income.

Refinancing an existing mortgage at 6% will be as follows:

• the borrower applies to the bank with an application to conclude an additional agreement to refinance the mortgage at 6% and birth certificates of children;
• the bank is preparing an additional agreement;
• the borrower signs an additional agreement and the bank reduces the rate;
• the state compensates the bank for lost income.

Where to apply

All major players in the mortgage market will definitely participate in the subsidy program. As an example, it’s worth comparing the current leaderboard. Below are the conditions for a mortgage in a new building in the TOP 30 banks in the country.

Family mortgage with state support in AHML

AHML and its partners have started accepting applications for refinancing and issuing new preferential mortgages. Let's look at the bank's requirements.

Conditions:

• From three to thirty years;
• From 500 thousand to 3-8 million according to the resolution;
• Up to 80% of the appraised value of housing when refinancing;
• Rate according to the resolution.

Requirement for the borrower:

• Standard requirements for the birth of a second and third child during the program period;
• Age 21-65 at the time of completion of loan payment;
• Work experience of at least six months (IP worker - 2 years);
• Up to four co-borrowers are allowed.

Object requirement:

• The house must be accredited by AHML;
• It is possible to already register from the beginning of the cycle;
• Registration in accordance with Federal Law 214 is required.

Insurance:

• Home insurance for a finished apartment;
• Borrower's personal insurance.

Add. conditions for refinancing:

• At least six payments have been made on the mortgage;
• There is no current overdue or overdue for more than 30 days;
• No previous restructuring.

Standard. Additionally, you must provide a birth certificate for your children.

Mortgage with state support for families with children at Sberbank

From February 7, 2017, a special mortgage with state support (family mortgage) will start in Sberbank. With this preferential mortgage, you can purchase housing on the primary and secondary market from a legal entity at a rate of only 6% per annum.

General terms and Conditions:

• The rate is 6% (3 or 5 years depending on which child, second or subsequent). After the grace period ends, the rate will be 9.5%. If the Central Bank rate changes, then the rate on the date of issuance of the mortgage will be + 2 percentage points;
• PV 20%;
• You can buy a secondary or primary one, but only from a developer or contractor;
• Amount from 3 to 8 million depending on the region of acquisition of the object within the framework of government decree;
• Compulsory life and health insurance, as well as secondary property insurance.

Who can receive:

• Citizens of the Russian Federation, where the 2nd and subsequent child was born after January 1, 2018.
• Age 21-75;
• Experience from 6 months;
• Sufficient solvency.

For registration you need a standard package of documents for a mortgage + birth certificates of all children.

Important point! Sberbank currently does not refinance existing loans within the framework of government regulations. The entire mechanism is being developed. There is no exact launch date for refinancing yet. Follow the news on our website.

Other programs

State support also exists through other programs. Let's get to know them.

Matkapital

In addition to preferential mortgages, the program to support families with two or more children will continue in 2019. will operate approximately until 2022. Under this program, upon the birth of a second child, young families have the right to receive a subsidy from the state and use it for various purposes, including repaying an existing loan or paying the first installment on it.

After 2019, the Maternity Capital program will undergo a number of changes that will allow only families in special need to receive a certificate. Therefore, it is worth thinking about receiving 453,026 rubles from the state at the birth of your second child in 2019, and you will be able to use the certificate later.

Mortgage Assistance Program

It resumed in August 2018. The essence of the program is that the state writes off 20-30% of the principal debt, but not more than 1.5 million rubles, and can also convert a foreign currency loan into a ruble loan and reduce the rate to 11.5%.

This program, unfortunately, has a number of nuances that will not allow most mortgage borrowers to receive support from the state. We wrote more about this in the previous post. Be sure to check it out.

We hope that banks will begin to strictly fulfill their obligations under this program and the interdepartmental commission will be able to really help a large number of families.

For military personnel

It has become a clear and most reliable tool in solving the housing issue of military personnel. It will also continue in 2019. You can find the conditions for this program on our website.

Social

A special program to support socially significant and less protected categories of citizens is being implemented in various regions of the Russian Federation. These programs allow you to receive a subsidy from the region at the interest rate or for the down payment on a mortgage.

A great example is this. Based on her example, mortgage programs are now being launched in other regions.

We are waiting for your questions in the comments. We would be grateful for rating the post and reposting it on social networks. Let's monitor the launch and implementation of the new program together. Bookmark this page in your browser so you don't miss news and updates on this program.

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