How to use the “Young Family” certificate to get a mortgage

Russians may start paying subsidies for down payments on mortgages

Russians can receive subsidies for the down payment on their mortgage. President Putin instructed the government to consider the possibility of making these payments.

The subsidy will be one-time, RIA Novosti clarifies. It will be provided at the expense of the budget and either relate to the down payment or serve as compensation for the interest rate on the mortgage. The President gave the government a deadline to consider his proposal - until September 1, 2020.

Earlier, Putin instructed the Russian government to provide housing for low-income families. In this case, the apartment will not be transferred into ownership.

As part of the national project “Housing and Urban Environment,” it is planned to increase the volume of housing construction to 120 million square meters per year by 2024. Housing conditions will be improved for five million families. Additionally, the average mortgage rate is projected to fall below 8 percent.

About one trillion rubles will be spent on the implementation of the project. 90 percent of this amount will be allocated from the federal budget. https://www.vesti.ru

Can the subsidy be used as a down payment on a mortgage?

▪ to pay the price of the purchase and sale agreement for residential premises (with the exception of funds when payment of the price of the purchase and sale agreement is provided for as part of the price of the contract with an authorized organization for the purchase of economy class residential premises on the primary housing market) (hereinafter referred to as the residential premises agreement);

▪ to make the last payment towards payment of the share contribution in full, if a young family or one of the spouses in a young family is a member of a housing, housing construction, housing savings cooperative (hereinafter referred to as the cooperative), after payment of which the residential premises are transferred to the property of this young family;

By Decree of the Government of the Russian Federation of July 14, 2011 N 575, paragraph 2 was supplemented with subparagraph “e”

Can the Subsidy be used as a down payment on a mortgage?

▪ to pay for an agreement with an authorized organization for the purchase in the interests of a young family of economy-class residential premises on the primary housing market, including payment of the price of the purchase and sale agreement for residential premises (in cases where this is provided for in the contract) and (or) payment for the services of the specified organization ;

▪ to pay the price of a construction contract for the construction of an individual residential building;

Yes, this is possible, according to Russian Government Decree No. 1050:

Mortgage, individual housing construction and free housing: what are Putin’s new instructions about?

The President approved them based on the results of an audit of the implementation of legislation and decisions on housing construction issues

Russian President Vladimir Putin approved a list of instructions based on the results of checking the implementation of legislation and decisions on housing construction issues. They relate to mortgages, individual houses, the quality of construction of high-rise buildings, the appearance of Russian cities, as well as assistance to the poor, according to materials on the Kremlin website.

We tell you what the president's instructions say and what they mean.

About subsidizing the first mortgage payment

Putin instructed the government to consider “the possibility of providing citizens with a one-time subsidy for the payment of a down payment or compensation for the interest rate on a mortgage.” The Cabinet of Ministers needs to prepare proposals on this issue by September 2020.

What does it mean. Russia has repeatedly taken measures to help mortgage borrowers and, accordingly, the entire housing construction market. For example, in 2015–2016, there was a state program to subsidize housing loan rates, according to which Russians could obtain a mortgage on the primary market with a fixed rate of 12% per annum.

At the beginning of 2020, a program was launched for large families at a rate of 6%. In 2019, a program was created according to which families with children can receive 450 thousand rubles. to pay off a mortgage loan. Another support measure was the law on “mortgage holidays”, according to which borrowers who find themselves in difficult life situations can be exempted from paying contributions for six months.

On the development of individual residential construction

Putin instructed to “ensure the formation of land plots for provision for individual housing construction.” This is necessary to achieve the volume of commissioning of private houses by 2024 to 40 million square meters annually. The document clarifies that it is necessary to approve a plan for the implementation of complex individual housing projects, which include measures to prepare the appropriate infrastructure.

What does it mean. Russian authorities regularly launch assistance programs to support the construction of individual residential buildings. According to current legislation, Russian families with three or more children have the right to free land for the construction of private houses - it is allocated by regions based on their capabilities.

In February 2020, Putin called for the development of affordable financial instruments to support individual housing construction. In June, Russia launched a program according to which a loan for the construction of an individual wooden house can be taken out at a rate of 11% with a down payment of 20%. This is 4% lower than the average rate at which banks issue loans for the construction of wooden houses.

About free housing for low-income Russians

The President also ordered the development of additional mechanisms to provide low-income Russians with housing without transferring it into ownership. The Cabinet of Ministers must prepare proposals on this issue by October 10, 2020.

What does it mean. Today, citizens have the right to count on two types of assistance from the state - the provision of residential premises (including for temporary use on the basis of a social tenancy agreement) and subsidies for the purchase of residential real estate. In order to count on receiving free housing, as a general rule, you must meet two criteria - low income and need. The first criterion is established at the local level, and therefore depends on the region in which the citizen lives. Its calculation is based on the income of all family members and its relationship with the subsistence level established in the region.

Is it possible to pay off a mortgage with a certificate under the young family program?

Lawyer: Alexander Samarin

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I justify it. By program:

6. A young family can participate in the subprogram, including a young family with one or more children, where one of the spouses is not a citizen of the Russian Federation, as well as an incomplete young family consisting of one young parent who is a citizen of the Russian Federation and one child or more, meeting the following requirements:

a) the age of each spouse or one parent in a single-parent family on the day the executive body of a constituent entity of the Russian Federation made a decision to include a young family participating in the subprogram in the list of applicants for receiving social benefits in the planned year does not exceed 35 years; b) a young family is recognized as in need of housing in accordance with paragraph 7 of these Rules; c) the family has income that allows them to obtain a loan, or other funds sufficient to pay the estimated (average) cost of housing in a part exceeding the amount of social benefits provided. 7. In these Rules, those in need of residential premises are understood to mean young families registered as needing improved housing conditions before March 1, 2005, as well as young families recognized by local government bodies at the place of their permanent residence as needing residential premises after March 1, 2005 on the same grounds as established by Article 51 of the Housing Code of the Russian Federation for recognizing citizens as needing residential premises provided under social tenancy agreements, regardless of whether they are registered as needing residential premises.

4. The issuance of a certificate of the right to receive social benefits in the form in accordance with Appendix No. 1 to the Rules on the basis of a decision to include a young family in the list of participants in the subprogram is carried out by the local government body of the municipality selected by the subject of the Russian Federation to participate in the subprogram (hereinafter referred to as the local government body ), in accordance with an extract from the list of young families approved by the executive authority of the constituent entity of the Russian Federation - applicants for receiving social benefits in the corresponding year. Payment for the production of forms of certificates of the right to receive social benefits is carried out by the executive authority of the constituent entity of the Russian Federation at the expense of the budget of the constituent entity of the Russian Federation provided for financing the subprogram. Certificate forms are submitted to local authorities in accordance with the number of young families applicants for social benefits in the corresponding year. 13. The calculation of the amount of social benefits is made based on the size of the total area of living space established in accordance with paragraph 15 of these Rules, the number of members of a young family participating in the subprogram and the standard cost of 1 sq. meters of total housing area in the municipality in which the young family is included in the list of participants in the subprogram. Standard cost of 1 sq. meters of total housing area in a municipality to calculate the amount of social benefits is established by the local government, but not higher than the average market value of 1 sq. meters of total housing area in the constituent entity of the Russian Federation, determined by the Ministry of Construction and Housing and Communal Services of the Russian Federation. The purchased residential premises must be located or the construction of a residential building must be carried out on the territory of a constituent entity of the Russian Federation, the executive authority of which included a young family participating in the subprogram in the list of applicants for receiving social benefits.

Therefore, all the above answers are not correct. Everything is absolutely.

You will not receive payment in Moscow time for an apartment in Reutovo.

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Expert opinion. Who will receive subsidies for the down payment on a mortgage - state employees and families

SAINT PETERSBURG, July 19, 2020, 14:02 — REGNUM

The government will likely limit the circle of recipients of subsidies for the payment of the down payment on a mortgage to certain categories of citizens, perhaps including public sector employees and large families, noted Maxim Eltsov, head of the First Mortgage Agency, in an interview with a REGNUM correspondent on Friday, July 19 , commenting on the instructions of the Russian President to the government.

As previously reported, Vladimir Putin instructed to consider the issue of subsidizing the down payment on a mortgage or interest rate compensation by September 2019. It is assumed that the subsidy will be one-time.

“The government will probably narrow the circle of subsidy recipients. Of course, this should be a social story, so we can assume that potential recipients will include low-income citizens and public sector employees. Perhaps also large families - in this way it will be possible to stimulate demographics. Most likely, some limit on this payment will be set. In general, we can say that it would be better if the government's efforts were aimed at making people earn more, and not at helping with the down payment on a mortgage for those who cannot pay it on their own. In addition, we usually have more PR in such decisions than real effect,” noted Maxim Eltsov.

Mortgage lending programs in almost all banks are identical in terms of the main points of issuance. Differences can only be noticed in the requirements for the borrower, the necessary documents and the pricing of the product. All banks require that you deposit at least 20% of the price of the purchased property towards the purchase price.

Making a down payment is always a prerequisite for obtaining a housing loan. But not every borrower has free cash, so more and more often citizens are interested in a mortgage without a down payment.

Which bank can I apply for a mortgage with maternity capital?

In 2020, you can get a mortgage in any major Russian bank using maternity capital as a down payment. Programs for families who want to use certificate funds to purchase housing are available in:

Sberbank;
VTB;
Gazprombank;
Bank
Raiffeisenbank;
Rosselkhozbank;
Otkritie Bank and others.

On average, the interest rate on a mortgage with capital is from 7 to 9 percent per annum . Maternity capital can be used as a down payment on a preferential family mortgage. The rate under such a program is 5 or 6 percent , depending on the region and the bank’s conditions.

The conditions for providing a home loan using maternal capital are different in each bank. You can familiarize yourself with the requirements, as well as calculate the loan amount and monthly mortgage payment on the bank’s official website.

Do banks offer mortgages without a down payment?

If you start studying banks and their mortgage programs, you will quickly understand that obtaining a home loan is always accompanied by an infusion of the borrower’s own funds towards the purchase. It turns out that if the chosen housing costs 2.5 million rubles 500,000 rubles towards the purchase . It is clear that not everyone can shell out such a sum without problems. Especially when it comes to young families, who most often apply for a mortgage loan.

Can the subsidy be used as a down payment?

The state provides a number of subsidies that can be applied when applying for a mortgage loan. These are regional and federal programs of various types and amounts to support certain categories of citizens. Among the federal ones, the main ones are the following:

use of maternity capital when purchasing a home;
use of funds allocated under a military mortgage;
use of subsidies under the program for young families.

In the regions, programs may be used to support educational and medical workers, young professionals, large families and other categories of citizens.

Citizens often believe that a subsidy allows them to buy an apartment without making a down payment on a mortgage. That is, the subsidy amount is used to pay the first installment. But in fact this is almost impossible.

The amount provided by the state is used to increase the maximum loan amount allowed for the borrower or to reduce the loan amount. Despite the presence of a subsidy in the transaction, banks still require the client to pay a down payment.

Sometimes, if there is a subsidy, the bank may offer a reduced contribution. For example, not 20% of the housing price, but 15%. It is almost impossible to completely cover the down payment. If such proposals can be found, it is only within the framework of federal subsidies.

But you can still look for opportunities. You won't find suitable offers at large banks. So, it is impossible to take out a mortgage without a down payment from Sberbank or similar banks. Try looking for deals at smaller or regional banks.

Down payment subsidy for a young family

By Decree of the Government of the Russian Federation of July 14, 2011 N 575, paragraph 2 was supplemented with subparagraph “e”

Is it possible to pay a down payment for a mortgage with a subsidy under the young family program?

▪ to pay the price of a construction contract for the construction of an individual residential building;

Yes, this is possible, in accordance with the Decree of the Government of the Russian Federation No. 1050:

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Special banking programs without contribution

In some banks, an apartment can still be purchased with a mortgage without a down payment. But, again, the offer is relevant only in small banks; large institutions specialize exclusively in standard products.

The essence of applying for a mortgage without a down payment is that the borrower draws up two loan agreements at once in one bank:

To begin with, a cash loan is issued, but the client does not receive money in his hands; these funds are used to pay the minimum allowable down payment.

After completing this action, the mortgage loan is processed directly in the standard way. Once pre-approval is received, the client can begin searching for housing. If the bank is satisfied with this housing, the deal will be completed.

Of course, before concluding such a deal, the bank will carefully study the solvency of the borrower or family who is interested in how to get a mortgage without a down payment.

The transaction is completed only if the borrower can repay both the mortgage loan and the cash loan at the same time. Typically, both loans are issued for the maximum possible period so that the debt burden on the borrower is not too large.

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Many families are unable to take advantage of mortgage programs to improve their housing conditions due to the need to make a down payment. This is where mortgage down payment subsidies can help. Government assistance programs for mortgage borrowers have been actively developing over the past few years. The President is personally involved in the development of new mechanisms to help those in need of new housing. In this post we will look at the latest innovations in this area and understand the nuances of providing subsidies.

Legislation

The President drew the government's attention to the need to develop a new program to help families who are unable to take out a mortgage due to the size of the down payment. According to the instructions of the head of state, the government must put forward proposals for a new subsidy by September 1, 2020. The President emphasized that in addition to existing assistance programs, it is necessary to develop a procedure for state support for making a first contribution. We are talking about a one-time payment to certain categories of citizens.

The new law will be aimed at supporting and developing the construction of new affordable housing for less socially protected segments of the population - the poor, those in need of improved housing conditions and those with many children. Also, the new regulation will support demographic growth.

Important! Based on the goals of the new law - increasing construction volumes - the new subsidy will apply to the down payment for the purchase of housing with a mortgage exclusively on the primary market.

As for the timing of implementation, the situation is not yet clear. In early September, the president will receive proposals on the mechanisms for the new subsidy. This will be followed by readings of the draft in the State Duma and the Federation Council. After these actions, the final text of the law is approved by the president and comes into force. This process may take several months.

Conditions for receiving subsidies for down payment

As mentioned above, the bill is at a very early stage of development. For this reason, the exact terms of the subsidy are not yet known. In his instructions to the government, the president did not propose any specific solutions. The discussion was only about the possibility of allocating budget funds to pay the down payment on the loan.

It is known that it is planned to provide one-time assistance to those in need. However, there is no information about the sizes or restrictions. It is quite difficult to make forecasts regarding this program, because this type of subsidy is being developed for the first time.

Previous completed and ongoing programs were aimed at reducing interest rates and the final cost of the loan. According to experts, interest rate subsidies are the most effective way to support certain segments of the population.

We previously wrote about possible subsidies for housing and mortgages. Any assistance from the state has the following key points:

Intended purpose - budget funds can only be used for a mortgage loan.
One-time receipt.
Transferring money directly to the lender, bypassing the borrower.

The most important and obvious point is that assistance will apply exclusively to the primary market.

Government subsidies for mortgage payments

Government subsidies for mortgage payments are provided in three programs:

"Dwelling";
subprogram “Young Family”;
"Housing for the Russian family."

"Dwelling"

The main thing for which the Government of the Russian Federation adopted Resolution No. 1050 is the construction of affordable and at the same time high-quality housing. The advantage of this program is that it has federal status and, as a result, operates in all constituent entities of the Russian Federation without exception.

“Dwelling” are economy class residential complexes. The facilities meet energy efficiency requirements and are completely safe for people.

"Young family"

Young families are compensated up to 40% of the cost of housing. These funds can be used either to directly repay the mortgage (paying off an existing loan) or to make a down payment (applying for a new loan). The remaining balance can be paid in different ways:

from own funds;
from borrowed funds;
at the expense of maternal (family) capital.

Almost all regions of Russia participate in the “Young Family” subprogram.

"Housing for a Russian family"

“Housing for the Russian Family” is a program to improve the living conditions of citizens with average income. In simple terms, its essence is the construction of inexpensive facilities.

Almost all regions of Russia participate in the “Housing for the Russian Family” program, as well as in the “Young Family” subprogram.

Who is entitled to a subsidy for the first payment from the state from September 1, 2020

Like all previous support mechanisms, the new benefit is aimed at helping the most socially vulnerable segments of the population. The following will be eligible for payment:

Young families with children.
Civil servants - doctors, teachers.
Large families.
Military.
Those in need of improved living conditions.

The new subsidy will be in addition to the existing one. For example, a lump sum payment to pay off the mortgage upon the birth of a third child. We wrote about it earlier.

Who is entitled to subsidies for the down payment on a mortgage in 2020?

For many Russian citizens, a targeted loan remains practically the only tool with which they can solve their housing problem. Today, the number of people wishing to receive support from the state in paying off a loan is huge, but subsidies are only possible for certain categories of citizens. For the authorities, providing assistance allows them to resolve housing issues for those citizens who have low incomes or need additional support.

Today, participants in social projects and special federal programs can count on receiving subsidies. Today you can use funds from a maternity or housing certificate not only to repay the main part of the loan, but also to pay the down payment or part thereof.

The following can count on assistance from the state:

large families;
civil servants;
Young professionals;
military personnel;
those in need of improved living conditions.

For several years now, the “maternity capital” program has been successfully operating in Russian regions. Citizens in whose family a second child was born are entitled to receive a special certificate. The amount of financing under such programs in most cases is sufficient to repay the down payment on a mortgage provided that a standard apartment is purchased. The exception is situations when real estate is located in the capital and large cities, where the cost of housing is traditionally high. When applying for a loan to purchase such objects, the amount of financing covers only part of the down payment.

Successful projects today also include projects for young professionals. They are aimed at citizens who have recently graduated from higher education institutions and are in need of housing. In the majority of cases, we are talking about scarce professions, which include doctors, teachers and highly specialized specialists. With the help of subsidies, the state provides support to such individuals and solves its own problems with personnel shortages.

Conditions and procedure for receiving a subsidy for paying the first installment on a mortgage Today, only certain categories of citizens are entitled to receive a subsidy, so at the first stage it is necessary to determine the grounds for applying for it. Documentary evidence is a prerequisite, and the list of papers is determined based on specific circumstances.

Receiving a subsidy is associated with the following features:

intended use;
one-time receipt;
conducting non-cash payments;
clearly regulated procedure;
thorough verification of the applicant;
a certain procedure for tax deductions.

The subsidy involves the allocation of funds from the budget, therefore the procedure has strict legislative regulation and funds are transferred only to a specially opened account. If we are talking about using maternity capital funds to pay the first installment, then it is mandatory to obtain permission from the Pension Fund.

It might be interesting!

What is important to know about a mortgage in order to properly prepare. Expert opinion.

Most mortgage programs with government subsidies include the possibility of purchasing real estate on the primary market. This feature is due to the lower risk of transactions. When purchasing a new home, the likelihood of encountering fraudulent activities or claims from former owners or regulatory authorities is much lower.

The receipt procedure involves the following sequence of actions:

preparation of a set of documents;
submission of necessary papers to the authorized body;
waiting for a decision on the submitted application;
choosing a mortgage product;
concluding a loan agreement and making an advance.

To obtain the status of a participant in a social project, in most cases it is necessary to contact the municipal housing department. It is advisable to submit an application if there are housing programs in the region aimed at solving the problems of low-income or needy segments of the population.

The list of documents provided differs depending on specific circumstances, therefore, before contacting the authorized body or bank, you should clarify such information in advance. Such a measure will eliminate misunderstandings with a lack of documents and justified refusals due to failure to comply with mandatory requirements.

Procedure for receiving a subsidy

A subsidy for a down payment on a mortgage, like any assistance from the state, does not imply that those in need receive money into their personal accounts. As a rule, the transfer occurs directly to the lender. This allows you to direct budget funds for their intended purpose and prevents them from being used for other purposes not related to the purchase of housing.

Steps to getting help:

Prepare a set of documents in accordance with the requirements of the new law.
Submit an application for financial assistance to municipal authorities. Applications are accepted at the housing department of the council.
Waiting for a decision and receiving a document confirming the right to receive assistance.
Selecting a lender, applying for a mortgage loan.
Directing subsidy funds to pay the first installment.
Obtaining a mortgage loan.

What documents need to be prepared

To receive a subsidy for a down payment on a mortgage, you will need the following documents:

Copies of passports of family members.
Documents on the birth of children.
Certificates of income confirming their low level and the borrower’s inability to make the initial payment on their own.
A certificate of the number of square meters per person or other evidence of the need to improve living conditions.
A copy of the work book for the bank.

Important! Due to the fact that the law is at the development stage, the final set of documents may change during the course of obtaining a decision on the possibility of providing a subsidy. Banks may also request additional information to review your mortgage application. Please subscribe to the site news so as not to miss the release of the final subsidy parameters.

Will the subsidy really work?

The new mortgage down payment subsidy could certainly help many families buy a home. However, the mechanisms for its implementation raise serious doubts. The payment is planned in a one-time amount. In the future, the borrower will have to independently pay off the resulting loan obligations. To do this, the family must have a stable income, because the average term of housing loans, according to statistics, is 15-20 years.

Low-income families are likely to be unable to repay the loan in full and on time. All this will not lead to support for new construction, but to the creation of a pool of bad debts.

In case of a difficult situation, the borrower can take advantage of mortgage holidays. But this measure is only temporary. And in order not to lose the apartment, the borrower needs to look for permanent sources of income.

Experts agree that the down payment subsidy program likely won't be effective. It is much better to use government support to reduce interest rates. This measure allows borrowers to reduce the financial burden on the family budget not just once, but for the entire period of validity of the mortgage agreement.

In addition, a similar program has already been successfully implemented. Currently, you can take out a preferential family mortgage at a rate of 5% per annum. This type of subsidy will have a positive impact on the growth of construction and will allow more families to participate in the program.

Also, the implementation mechanism is not completely clear from the point of view of creditors. To obtain a mortgage, the borrower must meet the bank's income and official employment requirements. If the loan is issued on general terms, the monthly payments will be quite significant.

The expected size of future payments also raises big questions. The amount of the down payment on a mortgage varies from 10 to 20%, which is a fairly large amount. If the size of the new subsidy is comparable to the current ones, it will not be possible to purchase a large apartment without investing the borrowers’ own funds. All these nuances require careful study.

Next, we will consider existing programs for paying down payments using budget funds. Other down payment subsidies

Currently, several down payment assistance schemes are successfully operating:

Maternal capital. This is a certificate for the right to use budget funds, issued in the event of the birth of a second child. The nominal value, a little more than 450,000 rubles, can be used as part of the down payment or to pay off an existing mortgage. The use of this document obliges parents to allocate shares in the purchased apartment to minors. Read more about this here.

Governor's payment. This is a program to support young families and low-income people in different regions of the country. Money is allocated from the budget of each specific region. Among the options for using the subsidy is paying the down payment on a mortgage.

Savings mortgage system (NIS). A program for military personnel that allows you to accumulate the necessary amount by accumulating annual budget contributions in a special account. The minimum period of participation is 3 years. Upon completion, the borrower can receive a preferential loan, payments for which will also be compensated by the state.

Whether the new mechanism will actually work and under what conditions will become known in the near future. Stay tuned for updates on our portal.

Our duty lawyer will be happy to answer any questions you may have. You can contact him by clicking in the lower right corner of the screen. If the information was useful, share it with your friends on social networks and give it a like.

Read more about mortgages with government support in 2020 here.

Social mortgage for a young family

A social mortgage for a young family is an opportunity to purchase housing using municipal and state assistance: subsidies and credit benefits. However, since this year, the conditions for social mortgages for young families in Moscow and the Moscow region have fundamentally changed for the better. Since the year, this percentage has been reduced to 20 if there is a second child in the family, and to 10 if the parents have three children. At the same time, young families were given the opportunity to repay their mortgage loan in 10 years rather than 5 years.

At the same time, mortgages are available to young families if both spouses or a parent, in the case of an incomplete family, are citizens of the Russian Federation and permanently reside in Moscow. Another mandatory condition is the recognition of one of the spouses as needing housing in the capital before March 1 of the year. There is a social mortgage in Moscow for people on the waiting list, including state employees, working in the field of medicine and education, and families who are not on the waiting list for improved housing conditions.

At the same time, social mortgages for state employees and those on the waiting list provide free subsidies, and various savings systems operate to help other young families. Method one: social mortgage for a young family on the waiting list using a free government subsidy. In this case, the family in line for housing becomes a participant in the savings system, contributions to which will be used to repay the mortgage loan.

The down payment is made from subsidized funds. The amount of the subsidy and contributions depends on how long the family has been on the waiting list; the longer, the lower the contributions, as well as on the availability of benefits and other conditions. Method two: under the terms of a social mortgage, a young family can purchase housing from the municipal fund at BTI prices in installments over 5 years. Method three: mortgage to a young family not for public sector employees or those on the waiting list using savings systems.

Especially for this category of young families, the Department of Housing Policy has agreed on several construction investment systems, thanks to which young people can accumulate funds for the subsequent purchase of housing. Among such systems:. An important element of social mortgages for young families is maternity capital - one-time financial assistance that the state provides to families in which the second and each subsequent child was born.

Thanks to subsidies such as maternity capital, mortgages become even more affordable. The money accrued under the maternal family certificate can be used for a down payment on a mortgage agreement or to repay an existing loan. Moreover, there is no need to wait until the child turns 3 years old. In addition, you can use maternity capital to obtain a mortgage loan if you have not previously spent part of the funds on other needs. In this case, the bank first issues a loan equal to the amount specified in the certificate, and after the pension fund transfers the amount accrued to you, it is counted towards repayment of the loan.

By contacting our agency, you will be able to take advantage of a mortgage for a young family as early as this year, even if your own funds are not enough to purchase a home. Working with you, a personal expert will explain in detail what a social mortgage is for people on the waiting list, what opportunities mortgages provide for young families who are not on the waiting list, and how you can use government assistance to improve your living conditions.

Our specialists develop a housing acquisition strategy taking into account the specifics of each specific case. For example, if a social mortgage for public sector employees in Moscow is not possible for you, we will suggest alternative options, including the use of savings systems and maternity capital. Please note that social mortgages for young families are supported by many leading banks, most of which are among our partners.

In addition, there are a number of non-social programs developed by banks specifically to support young families for whom social mortgages in Moscow and the Moscow region are not available, but who want to improve their living conditions. With our help, you will quickly prepare the documents necessary for obtaining a social mortgage in Moscow and the Moscow region, and also select housing that ideally meets your wishes.

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