Basics
The state provides a social measure for families in which there are two or more minors. The certificate is provided to purchase real estate, as well as for other purposes. All families in which the second and subsequent children were born after the beginning of 2007 have the right to receive it.
You can receive a certificate immediately after the baby is born, but not in all situations you will be able to use it at the same moment. Funds are allocated from funds available in the state budget.
Important! Maternity capital can be used if the child is under 3 years old, only if the condition is met that it will be used to improve living conditions for the family.
If the parents comply with all the requirements stipulated in the laws, then in the very near future the family will be able to move into a more spacious apartment.
Maternity capital without waiting 3 years
- Certificate of loan debt.
- Passport details.
- Birth certificate.
- Loan agreement.
- Certificate in MK.
- Checks, receipts that confirm that the funds were used for construction, reconstruction and other legal purposes.
- Documents confirming the registration of rights to real estate.
- Notarial obligation - according to this document, the owner of the apartment complex is obliged to divide the acquired property between the entire family (children and parents).
- Act on family composition.
- Other documents at the request of Pension Fund employees.
When applying for credit funds, the owner must take into account a number of factors, such as: the building must be located on the territory of the Russian Federation; the object must be residential; the object should not be located in the basement.
Conditions
The basic rules that are used to take advantage of maternity capital are enshrined in legislation, namely in the act adopted in 2006 under number 256.
The conditions under which the program is implemented are provided for in paragraph 6 of Article 7 of the above law. According to the legislative framework, the certificate can be used for the following purposes:
- invest capital to purchase housing (provided that the children are three years old);
- mat capital can be used to pay for education;
- it can also be sent to accumulate a pension.
In order to use the certificate, you will need to apply to the Pension Fund branch located in the region of residence of the family. The child himself can use maternity capital if a situation arises where the parents died, but he must reach the age of eighteen.
What can you spend maternity capital on in 2020 for up to 3 years?
- Banks and other credit organizations licensed by the Bank of Russia (Central Bank).
- Credit consumer cooperatives operating for at least three years.
- Agricultural credit cooperatives that have been operating for at least three years.
- Joint Stock Company "Dom.rf".
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A mortgage is a pledge of real estate that secures the fulfillment of loan obligations. The mortgaged housing will be transferred to the bank (or other credit institution) if the debt obligations are not repaid.
Requirements
You can also use maternity capital to buy a house, but the following conditions must be met:
- the purchase of housing can be carried out by persons entitled to the social support measure in question, while houses and apartments can be presented on the secondary real estate market, as well as among those that have just been built;
- speaking about whether it is possible to use capital in a different situation, it is worth taking into account the conditions established by the body in charge of pension issues;
- You won’t be able to buy real estate with maternity capital that is located outside our country;
- before you buy a house, you need to make sure that it meets sanitary and hygienic standards;
- the purchased property can be used as a residential property, which is fully landscaped;
- Also speaking about whether it is possible to buy an apartment with maternity capital, it is worth remembering that an important condition is that shares in the purchased housing must be allocated to all family members.
Usage
People often ask the question: can I buy, using the benefit provided by the state, earlier than the established period, the answer to which is yes, since there are exceptions to this rule. In particular, the legislator allows the use of maternity capital without waiting 3 years, as stated in Article 7 of the above law.
Speaking about how you can use capital for up to 3 years to purchase housing, it is worth noting that in this way you can purchase real estate only on the condition that loans are used, the purpose of which is to purchase residential premises. Accordingly, at any time after the birth of the baby, it is possible to buy a house using maternity capital using mortgage lending funds.
Before buying an apartment, a family needs to assess its financial capabilities; in particular, it should be borne in mind that banking organizations have requirements that when applying for a mortgage they will have to make a down payment. In the case where the family does not have accumulated funds, housing can be purchased using mortgage lending. In this case, the initial payment will be the certificate in question.
The state establishes the opportunity for almost all families with two or more children to buy a house using maternity capital . The purpose of this program is to provide minors with decent conditions for living and development, while it is imperative that the purchased one has all the necessary amenities.
The main situation when it is possible to purchase housing with maternity capital until the child is three years old is the participation of a credit institution as a party providing material support for the transaction being concluded.
This measure was introduced to control how persons who have rights to the certificate will use maternity capital for up to 3 years to purchase an apartment. It is important for government agencies to monitor the targeted direction of the funds they allocate. It should be borne in mind that their focus is fixed by acts adopted at the federal level.
If you decide to buy a home using maternity capital, the state will compensate part of the funds from the resulting debt to the banking organization. However, the amount you can count on depends on the time of your application. So 2020 did not make any changes regarding the amount of the certificate; it is still equal to 453 thousand, that is, if you apply for a benefit this year, you can only count on this amount. In this case, you will need to write a statement containing a request to send the funds from the certificate to pay for the transaction, which was agreed upon with the body operating in the field of providing pensions.
Directions
The law provides for situations where an apartment can be purchased immediately after the baby is born. In particular, parents who have the right to a certificate can use it to solve their housing problems in this way:
- funds allocated by the state can be used to pay off debt incurred in connection with obtaining a mortgage loan, the purpose of which was to purchase housing or otherwise improve living conditions;
- capital can be considered by a banking organization as a down payment when signing a mortgage agreement;
- Also, these funds can be used to compensate for the interest that was accrued by the banking organization in connection with the use of borrowed money aimed at purchasing housing or its construction.
Many people are wondering about cashing out the funds in question; it is worth noting that this action is illegal. That is, persons who risk cashing out maternity capital will be held accountable under the law.
In this regard, the drafters of the bill provided that the main feature inherent in all of the above points is that persons entitled to the provision of state benefits are absent as links in the transfer of money. Accordingly, we can say that the funds are transferred directly to the banking organization, using the details specified in the documentation drawn up when drawing up the agreement. It is important that the transferred amount does not exceed the balance of the existing debt or the amount allocated as maternity capital funds.
Loan repayment
It is rare that a family can purchase housing with maternal capital without a mortgage, this is due to the fact that real estate prices are quite high.
In the case where the mortgage was issued even before the arrival of the second baby in the family, then, most likely, the parents intended to repay the issued loan ahead of schedule, with the goal of thus saving on interest. However, with the appearance of a child in the family, additional expenses are added; naturally, they were not initially included in the plan.
Then the parents can exercise their right to maternal capital, using it as a means to repay either the principal portion of the debt or interest. For such use, you will need to contact the above authority with an application. Please note that housing will need to meet the requirements set by the Pension Fund. In addition, the certificate holder will have to draw up an obligation according to which each family member will have his own share in the purchased property. It will need to be issued in accordance with the rules established by law.
In addition to the fact that maternity capital can be used when purchasing real estate, it can also be used during construction or reconstruction. It will not be possible to sell capital without a mortgage for up to 3 years, with the exception of a housing loan.
When the debt on an existing mortgage is repaid, parents are freed from problems such as, for example, choosing housing, going through the pre-approval procedure, etc. When contacting the previously specified authority, you will need to provide documentation. Its list can be clarified at the regional office of the Pension Fund.
Matkapital for a disabled child
Another permitted use of maternity capital funds is the purchase of goods and payment for services for the social adaptation of disabled children. The money is transferred to the applicant’s account in the form of compensation for goods already purchased or services provided.
Basic conditions for spending maternity capital:
- The goods and services for which the applicant intends to compensate must be included in the individual program for rehabilitation and habilitation of a disabled child (IPRA).
- MSC funds are not allowed to be used for technical means of rehabilitation (TSR) and activities that are provided by the state free of charge. This list was approved by Decree of the Government of the Russian Federation No. 2347-r dated December 30, 2005 on the federal list of rehabilitation measures and facilities provided to people with disabilities.
- Before submitting an application for the disposal of family capital to the Pension Fund, it is necessary to obtain an act of verification of the availability of purchased funds for the social adaptation of a disabled person or the provision of services from the territorial social authority. services to the population.
The list of goods and services for social adaptation and integration of disabled children into society was approved by Decree of the Government of the Russian Federation No. 831-r dated April 30, 2020.
When applying to the Pension Fund, the application for disposal of maternal capital must be accompanied by:
- Certificate for MSK.
- Passport and SNILS of the applicant.
- The current IPRA.
- Documents confirming payment for goods and services (cash and sales receipts, sales contracts, invoices and other documents indicating the amount of payment).
- Act of checking the availability of goods.
- Notarized power of attorney - if the applicant is represented by his authorized representative.
- Applicant's bank account details.
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