general information
Government programs to help purchase ownership of an apartment or house offer preferential terms for a mortgage loan.
There are several options for help:
- providing subsidies to improve existing housing conditions;
- subsidizing mortgage rates;
- providing funds for a down payment on a mortgage or for a cash purchase of a home;
- allocation of an apartment from the housing stock at a reduced cost.
In addition, all programs are divided depending on the category of citizens. Funds are allocated either from the regional fund or from the federal one.
Participation in a regional assistance program excludes repeated participation in a similar state one and vice versa. If a family or citizen falls under the same programs, then the choice is made of only one state support.
What is a mortgage without interest?
An interest-free mortgage is not a mortgage without any interest in the full sense, since such cooperation with clients is not profitable for banks.
This concept implies the participation of the state in the payment of part of the funds (usually no more than 30%) of the loan of a citizen of a preferential category participating in the assistance program. The meaning of the assistance is that the interest accrued by the bank to the client is paid by the state . Payment of interest may be partial or full. This is exactly what a mortgage without interest is.
In order for funds to purchase a home to be issued without interest, the loan must be a targeted one - a mortgage. Consumer loans cannot be subsidized by the state, since they do not imply a report from the citizen to the bank and authorities about spending.
Who is eligible for help?
There are several categories of citizens who can count on a mortgage with state support in 2020:
- families with children;
- families purchasing a house in rural areas; large families;
- young specialists from public sector sectors (health care, education and others);
- contract military personnel.
In addition to the fact that a family or citizen must fall into one of these categories, additional requirements apply to them:
- compliance with the conditions of a specific assistance program. For example, for a mortgage with state support for families with children, it is necessary that a second or subsequent child is born in the family after 01/01/2018. For a “rural” mortgage, it is necessary to purchase real estate in a rural area, and the mortgage agreement must be concluded after 01/01/2020;
- the ability to pay most of the loan on your own.
If the family cannot repay the loan on its own without taking into account interest, then government support will be denied. Funds can be raised by selling housing that is smaller in area or has worse conditions in order to purchase a new one with the help of government support.
How to get a mortgage
A mortgage with state support is of an application nature - a family or citizen must personally apply to join a suitable assistance program.
Depending on which category citizens belong to, different lists of documents have been generated.
Mortgages for families
A mortgage program with government subsidized interest rates for families with children was introduced at the beginning of 2018. According to its terms, the state subsidizes the mortgage interest rate to 6%, some banks independently reduce it to 4.5 - 5%.
The program is intended for families in which a second or subsequent child was born after 01/01/2018. It does not matter when the mortgage loan was taken out, the bank is obliged to accept documents to subsidize the interest rate if the family has grounds for this.
It is important that the loan is issued specifically for the purchase of housing or for participation in shared construction. Thus, the program covers only those loans for which the property was purchased on the primary market - from a developer, under an agreement for equity participation in housing construction, or under an agreement on the assignment of the right to claim.
A young family can sell an apartment with worse parameters or area, take out a targeted loan from a bank to improve their living conditions, or join the program.
The federal budget will pay part of the interest on the loan, the principal amount of debt will be paid by the borrowers.
In order to join the program, you must contact the bank from which the loan was taken for an initial consultation and familiarize yourself with the full terms of participation. Mortgages with preferential interest rates for families with children are approved at the federal level, however, in some regions, regional conditions for assistance also apply.
Necessary documents to apply for an interest-free loan:
- passport of one of the spouses in whose name the mortgage is issued;
- Marriage certificate;
- birth certificate of all minor children;
- other documents confirming family membership (certificate of paternity, etc.).
Not all banks work with this program; check with your bank branch about joining the state program. Otherwise, you will need to go through the refinancing procedure with another bank to be able to participate in the program.
Mortgage for pensioners
There is no interest-free loan for pensioners on the terms of state co-financing.
However, banking organizations independently develop lending conditions that are beneficial for borrowers whose age exceeds 55-60 years.
In order to obtain a mortgage, pensioners must present the following documents:
- passport;
- pensioner's ID;
- certificate of ownership of the collateral property.
Each bank sets individual lending conditions for pensioners. As a rule, such conditions imply no down payment, a reduced interest rate, or no interest at all.
As solvency, the client pledges to the bank either an existing apartment or house, or the property being purchased.
Large families
Families with three or more children can count on government assistance when applying for a loan to purchase housing.
The requirements are standard in all regions:
- status of a large family;
- the ability to pay for the loan yourself.
In 2020, large families can count on several types of benefits, including mortgage benefits.
Firstly, upon the birth of a second or subsequent children, a family acquires the right to receive a maternity capital certificate. Thus, you can pay off part of the principal debt on a mortgage loan, make it as a down payment when receiving a mortgage loan, or pay the full cost of the purchased home.
Secondly, upon the birth of a third or subsequent child after 01/01/2019, the state allocates 450,000 rubles to repay the mortgage loan. At the same time, it makes no difference the date of conclusion of the loan agreement and the status of the housing (primary or secondary real estate market). Funds are transferred to the bank at the request of the applicant.
Thirdly, large families can participate in the program of state subsidies for mortgage rates, which were discussed above.
In addition, regions often create their own programs to help large families. They can exist both in the form of subsidies and in the form of regional maternity capital. The right to choose remains with regional authorities.
The list of required documents depends on the program in which a large family is going to participate. An approximate list of required certificates must be clarified with the competent authority before submitting documents. This could be a bank, MFC or social security department.
Thanks to the above programs, you can purchase an already built property, become a participant in shared construction, or build a residential building yourself.
Single mothers
There are no separate programs for single mothers in 2020, however, they can act as a large or young family. In this case, the set of documents for obtaining a loan will be the same as for the reasons described above.
Since the income of a single mother rarely exceeds the norms established in the region, as proof of solvency it is required to pledge real estate to the bank - owned or acquired using loan funds.
Young public sector professionals
Support for young professionals, whose income in the public sector rarely exceeds the minimum standards of the region, has been officially extended at the federal level until 2020.
Banks offer favorable conditions for this category of persons, and federal and regional authorities provide financial support in obtaining loans.
The main documents when applying for a loan include:
- passport;
- certificate from the employer about the position held;
- certificate of income for the last six months;
- estimated value of the acquired property;
- marriage certificate, if available;
- children's birth certificate, if available.
"Rural" mortgage
From January 1, 2020, a program to help purchase housing in rural areas comes into effect in Russia.
The main provisions of the program are:
- real estate must be purchased in rural areas (villages, hamlets, hamlets, etc.);
- The interest rate is subsidized by the state. It will be 0.1-3%;
- the loan agreement must be concluded after 01/01/2020;
- loan size up to 3 million rubles. For the Leningrad region and the Far East the limit will be raised to 5 million;
- down payment from 10%;
There are no special requirements for real estate. This could be finished housing, a plot of land for construction, or housing under construction. There are also no special requirements for borrowers, other than the ability to repay the loan.
It is planned that mortgages will be issued by Sberbank and Rosselkhozbank, and you can also apply to Dom.rf.
Home loan
Advice from lawyers:
1. Is it possible to take out a loan against mat capital to buy a home?
1.1. Loan against mat. you will not receive capital, because mat. capital is given to you for certain purposes, but not as collateral...
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2. Loan for the purchase of housing whether it is other income or income.
2.1. Hello. No is not.
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3. Is it legal to take out a loan against maternity capital to buy a home?
3.1. Dear Daria Alexandrovna!1 In accordance with the law on mortgages, you can invest maternity capital in a mortgage, but you do not have the opportunity to take out a loan to purchase housing using maternity capital.
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3.2. Yes of course you can. The previous answer is incorrect. This is directly stated in the Federal Law of December 29, 2006 N 256-FZ (as amended on March 7, 2018) “On additional measures of state support for families with children” Article 7. Disposal of maternal (family) capital funds 6.1. An application for disposal can be submitted at any time from the date of birth (adoption) of the second, third child or subsequent children if it is necessary to use funds (part of the funds) of maternal (family) capital to pay the down payment and (or) repay the principal debt and pay interest for loans or borrowings for the purchase (construction) of residential premises, including mortgage loans,
provided to citizens under a credit agreement (loan agreement) concluded with an organization, including a credit organization, for the purchase of goods and services intended for the social adaptation and integration of disabled children into society, for the payment of paid educational services for the implementation of educational programs for preschool education, to pay for other expenses related to obtaining preschool education, as well as to receive a monthly payment in the manner and on the terms provided for by the Federal Law “On Monthly Payments to Families with Children.”
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4. Is there an official list of CPCs for applying for a loan against maternity capital for the purchase of housing? Just the amount of mat capital is not enough for the purchase, and you don’t want to run into scammers.
4.1. Hello Maria! No, unfortunately, there is no such list.
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5. We submitted documents for the purchase of housing in private housing construction under mat capital on 02/03/2020, the loan agreement is still not ready, why is it taking so long, there should also be some deadlines.
5.1. Svetlana, transferring mat capital from the Pension Fund of the Russian Federation takes from 2 months, take this period into account. Moreover, it can take up to six months, so it is better to obtain a certificate in advance, and only then submit an application to the bank. The timing of document verification may vary - sometimes government agencies can transfer money in 3 weeks, and in other cases you have to wait up to 2.5 months. For this reason, a person should be prepared in advance for the fact that they will have to wait longer. The deadline for collecting documents for transferring money is individual for each family. In accordance with the Decree of the Government of the Russian Federation of March 3, 2020
The terms for payment of maternity capital funds have been reduced. The territorial bodies of the Pension Fund of the Russian Federation still have one month to consider the application and make a decision on the disposal of the MSC, but the period for transferring these funds has now been reduced from a month to 10 working days.
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6. The organization where I work provided me with a cash loan to buy a home. They need collateral. My share in my parents’ apartment is enough for them as collateral. The fact is that my mother is a rural teacher, and she is provided with a refund for housing and communal services. The question is this: will this return be affected by the fact that I pledge my share in her apartment as collateral?
6.1. Pledge simply means the right of the pledgee to foreclose on the property to satisfy his claims for monetary obligations. Ownership does not change.
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6.2. Hello Olga! No it won't affect it. The refund of paid housing and communal services is made in proportion to the size of your mother’s share, the rights to the share of which do not change due to the transfer of your share as collateral.
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7. I use maternity capital to buy housing for up to 3 years through a loan; for the pension fund I need an extract from the Unified State Register of Real Estate. How many statements are needed for all members, for mother and children, or is 1 enough?
7.1. In this case, one extract is obtained.
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8. Our second child was born. We decided to use mat capital funds to purchase a home. An agreement was concluded with which she undertook to provide us with a loan for a savings book in the amount of 400,000 rubles. My wife has a debt to Sberbank in the amount of 300,000 rubles. Does Sberbank have the right to deduct these funds to pay off this debt?
8.1. Good day, Sergey. The funds that will go to your spouse’s account are not earmarked and may be subject to collection by law. Collection of funds from an individual’s account is carried out, for example, on the basis of a court order or enforcement proceedings.
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9. I submitted documents for a loan from maternity capital to purchase a home. They said they would make the payment within 45 days. It's been two months and they haven't paid yet! They promise and don't pay! What to do?
9.1. It's not clear what you did. Where and on what basis are you transferring? The Pension Fund of the Russian Federation does not violate the 45-day period if everything is in order with the documents. Understand your situation.
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10. Will they give me a loan against maternity capital to buy a home if I have a loan (I took a phone product). Or is this not taken into account?
10.1. Good afternoon The presence of loans does not in any way affect the provision of a mortgage loan, the main thing is that you have a good credit history, that is, there are no significant delays in repaying the loan.
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11. In 2020, I filled out a checkmate. Capital for the purchase of housing, they entered into an agreement, took out a loan against mat capital, they told me to come to them in a month and the money left immediately with mat capital and they all disappeared, it is not known where they entered into an agreement with me.
11.1. The lender is not obliged to transfer to you the money received from the Communist Party of the Russian Federation. Appointment mat. capital - repayment of a loan for the purchase of housing. Have you purchased a home? If yes, then everything is correct, the Pension Fund of the Russian Federation paid for the purchased housing based on your application and the documents submitted for the purchase and sale transaction.
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12. Here’s a question: if a child is under three years old, then when buying a home, you can take out a loan against maternity capital, and if you wait until his third birthday, will the state immediately transfer money to buy a home?
12.1. Take a mortgage from a bank, not a loan under MK. Then pay it off right away...
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13. I will spend maternity capital to buy housing using a loan against maternity capital. Can I rent out an apartment and spend the money on something else? In addition to housing, the child can then leave his own housing.
13.1. The guardianship and trusteeship authority protects the rights of minor children, and will not give their consent to such a transaction (sell the home and spend the money from its sale on something else).
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14. I am interested in the following question: I want to apply for a targeted loan from a private person, which is essentially a mortgage. Those. funds are used to purchase housing. But, at the time of concluding the loan agreement, there will be no accurate information about the property. Please tell me, is it possible, from a legal point of view, to indicate in some way in the contract that the collateral is the property of the debtor acquired in the future? Thank you in advance!
14.1. Yes, of course you can.
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14.2. You can specify. Failure to fulfill this obligation will result in early repayment of the loan.
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15. Maternity capital, we buy an apartment and the organization gives us a loan against maternity capital to buy a home, we immediately allocate shares to the children. The child is not yet three years old. Is it legal to take a loan to buy a home from organizations rather than from a bank?
15.1. In itself it is legal. Federal Law of December 29, 2006 N 256-FZ (as amended on October 30, 2018) “On additional measures of state support for families with children” Article 7. Disposal of maternal (family) capital funds 6. An application for disposal can be submitted at any time after three years from the date of birth (adoption) of the second, third child or subsequent children, except for the cases provided for in part 6.1 of this article. 6.1. An application for disposal can be submitted at any time from the date of birth (adoption) of the second, third child or subsequent children if it is necessary to use funds (part of the funds) of maternal (family) capital to pay the down payment and (or) repay the principal debt and pay interest for loans or borrowings for the purchase (construction) of residential premises, including mortgage loans, provided to citizens under a credit agreement (loan agreement) concluded with an organization
, including
a credit institution,
for the purchase of goods and services intended for social adaptation and integration of disabled children into society, for payment of paid educational services for the implementation of educational programs for preschool education, for payment of other expenses related to obtaining preschool education, as well as receiving a monthly payment in the manner and under the conditions provided for by the Federal Law “On Monthly Payments to Families with Children.”
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15.2. The answer to this question has already been provided to you.
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16. With the help of the cooperative, the community applied for a loan to purchase housing with the help of maternity capital, they have already completed all the documents, completed the purchase and sale, and written an application for the transfer of loan money! They didn’t transfer them to us and today they gave us an agreement to interrupt the deal! They didn’t carry pension documents! We went to the cadastral office and they told us to go to court! How should we deal with this situation?
16.1. Hello. You need an in-person consultation. It is difficult to understand the situation from your words. If you are denied a deputy, then no court will force you to issue this deputy. But if there is an agreement, we need to study it. And only a real lawyer can do this. All the best to you and successful resolution of your problems.
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17. I encountered a problem with obtaining a mortgage because... I'm on maternity leave. I would like to know if the Vyatka credit company is legal, will they be deceived? They need to pay 48,000 for the transaction. And is it legal to take out a loan to buy a home using maternity capital?
17.1. Well, why are you looking for such people? Do you have extra money? Taking out a mortgage is much easier.
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18. I want to take out a loan to buy a home using a maternity certificate. Question: can I buy a home from my mother with shares distributed among all family members?
18.1. You can try, but the Pension Fund will most likely refuse, you are actually cashing out your maternity capital and leaving the money in your family. A suspicious transaction, they will most likely refuse to transfer money due to the close relationship between the buyer and the seller.
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18.2. Good afternoon In Omsk, all this time until the end of 2020, such transactions were successfully completed. The condition is that the entire apartment must be sold, not a share. It is impossible to retain the mother or a third party in any share among the owners. There is no direct prohibition in the law; all transactions were based on this.
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19. I took out a loan to buy a house from KPK using maternity capital. The pension fund approved everything. The loan was repaid. The encumbrance on the housing has been lifted. Now this PDA is calling and asking when I will allocate shares to the children. Do they have the right to ask and why?
19.1. Good afternoon If you have fulfilled all your obligations to them, then most likely they remind you of the need to give shares to your children.
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20. I live in Crimea, I have 2 children, 8 and 4 years old, I am a single mother. I want to cash out my maternity capital, but buying a home is not working out. Can I take out a loan for home renovation? Please tell me!
20.1. What should I suggest? Sure you can. You just need to talk to the bank about it right away so that they can give you a targeted loan against swearing. capital, and then the OPFR will be obliged to repay this loan. In order for everything to go smoothly, it is better to show the draft loan agreement to the OPFR for preliminary approval. They can also issue a certificate to the bank about the legality of the transaction. You just need a specialist to resolve the issue with officials and bankers, otherwise your feet will stop.
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My second child is not yet 3 years old, so I would like to take out a loan against capital from a cooperative to buy a home. Can I buy a house from my father-in-law? My husband and I are married.
Good afternoon, the organization provides an interest-free loan for the purchase of housing, and at the same time attributes lost material benefits.
Is it possible to use maternity capital to buy dilapidated housing (the house is recognized as unsafe)
For a child who is not yet 3 years old, can I take out a loan against maternity capital to buy a home (not with a mortgage), under a sales contract, as a down payment?
My name is Olga. I want to use mat capital under a loan agreement I have already concluded
10 months ago I took out a mortgage loan from the KPK Trust cooperative to buy a home and paid off the mat.
I took out a loan through the CCP for the purchase of housing for 600 thousand rubles for 3 months, of which 400 thousand were mathematical capital and 200 thousand were own funds. Can I get 13% back on interest?
Please, I am taking out a loan for maternity capital to buy a home in the amount of 453,000.
I'm going to take out a loan against mat capital to buy a home. There is already a seller. Should I apply for a loan first or should I contact a notary first?
Can I use regional capital or take out a loan against it to add to the purchase of housing to improve living conditions since the children are of different sexes.
Please, can I apply to the pension fund for permission to purchase a secondary home on the mat.
