Preferential mortgage for families with three children. Preferential mortgage for large families
Last modified: January 2019
As part of the state support for large families, assistance is provided in acquiring housing on affordable lending terms. Despite the absence of a unified program under which preferential mortgage for large families, there are many affordable purchase options in Russia, implemented at the federal and regional levels.
The absence of a single project designed to help solve the issue of providing housing for large families does not mean that it is impossible to receive state support. In addition, a number of the largest banks have been successfully cooperating with the state on this issue for many years, providing attractive lending conditions: with minimal investment, a small overpayment and the possibility of increasing the maximum loan amount by attracting co-borrowers.
In recent years, there has been an active discussion of the federal project of concessional lending, which would make it possible to compensate large families from the budget up to 18 percent of the purchase price. Despite the fact that this project has not yet been approved, since January 2018, families with many children have a chance to seriously reduce their mortgage costs, in accordance with the Presidential Decree adopted by the Coordinating Council at a meeting in December 2017.
Under new laws has the right to count on compensating part of the interest overpayment on a bank loan at more than 6% per annum.Who is included in the category of large families?
In order to count on receiving benefits, it must be officially confirmed. The criteria for recognition as large families are established locally, taking into account the specifics of a particular region and the demographic situation in it.
Since each region has its own rules governing large families, it is necessary to clarify how to formalize your right to apply for benefits from the provisions of the Housing for a Russian Family subprogram, according to which families raising at least three children can receive state assistance.
In most subjects of the Federation, the following criteria apply:
- parents are married;
- the family is brought up from 3 children who have not reached the age of majority.
Implementation of the Presidential Decree
Not all home loans are subsidized. According to the Decree, the following conditions must be met:
- A loan is taken to buy an apartment in a new building or refinance a mortgage.
- The duration of the subsidy is limited and depends on the number of children - at the birth of a second child, the state pays compensation for 3 years, for a third child, the subsidy can last up to 5 years. If during the debt repayment period after the second child, a third baby appeared, the validity period is extended taking into account the new term, i.e. up to 8 years old.
- An important parameter - a newborn should be born from January 1, 2018.
- The amount of the subsidy is the percentage overpayment of the difference exceeding 6% per annum.
Affordable Mortgage Options
Depending on the status of the family, its financial capabilities, age and other parameters, there are other support programs:
- For participants in the residential property program, parents of three or more children, a significant discount is available when applying for a mortgage. The participation of the state consists in compensating the bank for interest on a bank housing loan, easing the financial burden when paying a mortgage.
- If the age limit is met, parents with many children can receive a preferential loan under the Young Family program. For other families, the national project "Affordable Housing" operates. Both programs involve low interest overpayments, a minimum contribution from your own savings, and the possibility of using a deferment if a newborn appears in the family. This offer is especially advantageous for buying an apartment in a new house.
In addition, the family is entitled to receive compensation amounting to 13 percent of the amount paid for the property. The condition for the return of the tax deduction is the availability of income tax deductions, i.e. you can return the funds in the same amount as was deducted for the year as a 13 percent personal income tax.
The law allows direction.
If the family decides to use the tax deduction and maternity capital at the same time, when calculating the amount to be refunded, the amount of funds transferred from the budget should be deducted.Measures for the social support of families are often implemented under programs of regional significance. To clarify which programs are presented in the region, you can contact the local authorities and departments of social protection.
Loan conditions for large families
The principles of using mortgages for large families are similar to the general lending procedure, which means that the purchased housing must be registered with bank collateral.
As part of the mortgage, material resources can be directed to:
- purchase of a finished apartment or house;
- housing construction;
- purchase of real estate under construction.
However, the most popular direction is the acquisition of already built and commissioned property.
The payment on a home loan largely depends on the interest rate and repayment period. The standard conditions of most banking programs are not available for families with many children. Therefore, the parameters of the soft loan include the following measures:
- a reduction in the rate, taking into account the type of real estate being purchased (a higher rate applies in the secondary market, the price for housing in new buildings is 3-4% lower);
- the use of funds from the budget for partial repayment of the loan, including the use of mother capital;
- extended term of the credit line (up to 30-50 years, depending on the conditions of the lender).
- Reducing the down payment to 10% allows you to get a loan even with small financial savings.
The leaders in the concessional lending sector include the largest banks with many years of experience in successful cooperation with the state: Sberbank, VTB 24, as well as the Mortgage Lending Agency and other structures.
Sberbank
As part of assistance to borrowers with three or more children, Sberbank has favorable financing conditions:
- Extended repayment period up to 30 years.
- The first installment is 10% (for a country house) or 15% (secondary housing).
- Optional use of personal savings when using maternity capital as a down payment.
- If the confirmed income of the parents is not enough to receive the required amount, the bank allows 3 co-borrowers to be included in the mortgage, taking into account their income to determine the final loan amount. Requirements for co-borrowers are more loyal and do not take into account age restrictions and the level of material well-being.
- If a child appears in the family, the bank provides a deferment on the payment of the principal debt until the child reaches the age of three. During this period, the parents will only pay interest.
VTB 24
The bank, which works closely on many government programs, provides the following conditions for financing the purchase of housing by large families:
- borrowed funds up to 8 million rubles;
- rate - 10.2% per annum;
- first installment - 20% of the price of the purchased housing;
It is allowed to use funds from maternity capital to make an initial contribution. If desired, the money is used to partially repay the mortgage.
You can compare the mortgage offer from VTB24 right now on the page:. Be sure to pay attention to the choice of your city, as there are differences in the regions in both loan amounts and percentages.
AHML
The agency specializes in obtaining favorable mortgage conditions for various categories of citizens. Families with many children, as well as other socially significant groups, are entitled to assistance from AHML.
The main functions of the Agency include the following activities:
- buying back certain mortgage debt from financial institutions;
- development of standards for bank mortgage programs;
- close cooperation with banking structures on the development and implementation of loan offers.
The standard rates determined by the Agency for mortgage loans include the following parameters:
- the rate for secondary housing is at the level of 11.0%, in new buildings - 6.0%;
- first installment - from 10%;
- debt repayment cannot be more than 45% of family income;
- at the birth of a new child, the rate is reduced by 0.25-0.5%;
- reduction by 0.5% of the rate when the value of real estate is below the standard level;
- reduction of the rate subject to the requirements of the bank to insure the life and health of the borrower.
Here is a list of some regions. You can check the full list at the link: preferential regional mortgage programs from AHML.
Interest free mortgage in 2018
Families with three or more children can receive direct assistance from the state in obtaining mortgage housing under a special program, subject to the following requirements:
- recognition of the status of a "large family";
- receiving income sufficient to service the principal debt on a mortgage;
- the acquired housing is the only one and there is no other housing in the property;
- if a mortgage is needed to improve living conditions, it is necessary to recognize the current conditions as unsatisfactory;
- obtaining the status of those in need of support.
To take advantage of the program for large families, you must contact your local municipality and declare your desire to become a member. Having received the approval of the local administration, credit obligations are issued on the terms of repayment of only the principal debt. Interest will be repaid from the budget.
To receive an interest-free mortgage, one of the parents presents a package of documents:
- civil passports of parents;
- written consent from the spouse of the borrower;
- certificates for children;
- conclusion on the valuation of the purchased housing;
- a certificate stating that the family is a participant in the state program;
- documents confirming the official income of parents;
- bank statements on the accounts of all family members who have reached the age of majority.
Interest-free applies only to new loan obligations; it is impossible to repay interest from the budget on a previously issued loan. The program is designed, first of all, to attract bank funds for the construction of houses for a large family. The use of the program for the purchase of an apartment from the secondary housing stock is not provided.
A variety of measures taken by the authorities to support large families allows us to count on the creation of acceptable mortgage lending conditions under which a large family will be able to solve their housing problems on the terms of assigning affordable monthly payments to pay off the loan.
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(“On measures for the social support of large families”).
The law says that the criteria for having many children are set by each region independently based on the total population, the economy of the region and other conditions in the subject of the Federation.
In most cases, if a family has three or more children, then it is considered to have many children.
Regions in which having many children is a national tradition, and the population density is higher than the national average, have different standards. For example, in Ingushetia, families with many children are families with five or more children.
Each region independently prescribes other criteria for large families, which can be clarified at the MFC, the city administration or the social protection authorities.
In any case, any large family needs to confirm their status with official bodies (most often in social security) in order to be eligible for housing benefits.
However, if the parents are deprived of parental rights or in case of early recognition of the full legal capacity of the child (for example, if they marry before they reach the age of 18), as well as while serving a sentence in places of deprivation of liberty or when the child is in state custody (stay in closed educational institution) the family may be denied such status.
What conditions must a family fulfill in order to receive a housing subsidy?
Recall that a large family can:
In each of these cases, the family must provide supporting documents that she is poor and cannot independently provide herself with living space. For this, an application is written and the necessary set of documents is collected.
In the case of a positive consideration, the family is placed in a queue for housing.
Families who do not want to stand in line for an apartment can apply for a housing subsidy. In this case, the state will pay for you from 30 to 50% of the cost of the apartment.
The rest of the cost must be paid by the family.. The family can take advantage of:
- by means of maternity (family) capital;
- personal savings;
- credit funds.
In order to find out all the conditions, you need to refer to regional regulations to find out the nuances. In most cases, the following documents are required:
- passports or birth certificates of all family members;
- documents confirming the ownership of residential premises or lack thereof;
- documents confirming the right to benefits.
A subsidy for the purchase of housing can be obtained only if there are no debts for paying utility bills.
Try at least 6 months before applying for a housing subsidy to pay the entire "communal" in a timely manner.
You can find out more about how to get a preferential mortgage to buy a home.
Preferential mortgage lending
For a long time, there was no special program for large families in terms of mortgages.
The problem of large families was partially solved in the Affordable Housing program, which provided benefits for several categories of citizens at once, primarily public sector employees. Also, many families solved the problem of providing housing with the help of the Young Family program. You can find out more about what state assistance in repaying a mortgage a large family can apply for.
Bank requirements for benefits
Large families are those families in which at the time of applying for a preferential mortgage there are more than three children whose age does not exceed 18 years. Children under 23 are also considered if they serve in the army or study full-time at educational institutions on a budgetary basis.
Interest rates in 2018
Depending on the bank and specific programs implemented by credit institutions, in 2018 large families can count on lower mortgage rates:
- minimum - 6% per annum;
- maximum - 12% per annum.
How long do they give?
The timing of the loan is determined by the age of the borrower(borrowers) and vary from six months to thirty years, depending on other conditions.
Mortgage loan amounts
They also depend on the age of the borrowers and on the amount of the total income of a large family and ranges from 300 thousand rubles to at least 8 million rubles.
An initial fee
The family must have an amount for a down payment of at least 15%. You can use the MSC.
Bank requirements for housing
Housing purchased on a preferential mortgage can be:
- apartment from a private owner;
- house outside the city;
- an apartment in a building under construction or from a developer;
- land for building a house.
How can you lower the interest on a loan you already have?
In accordance with Decree of the Government of the Russian Federation No. 373 dated April 20, 2015, the Basic Conditions for the Implementation of the Assistance Program for Certain Categories of Borrowers on Housing Mortgage Loans, if they find themselves in a difficult financial situation, were approved.
One of these categories includes families with more than 2 children. If, in addition, the mortgage housing of such a family is the only one, then debt to the bank can be restructured.
But families with many children, which have become such since 2018, can count on the biggest benefit. Let's consider in more detail.
Rate reduction and subsidy conditions
In 2018, a program of concessional lending for large families was introduced. The new concessional lending program was developed on behalf of the President of Russia Vladimir Putin during the Direct Line in the course of answering the question of a large family.
The relevant document - Decree of the Government of the Russian Federation of December 30, 2017 No. 1711 approved the rules for providing subsidies to such families.
According to the document, Russian families in which a second or third child will appear from January 1, 2018 to December 31, 2022 (the program does not apply to the fourth, fifth and subsequent children) can count on receiving a mortgage at 6% per annum. That is, families that became large before January 1, 2018 cannot apply for this support measure.
The apartment must be purchased on the primary market (from the developer under a sale and purchase agreement or under an equity agreement).
You can also refinance a mortgage already taken in a given period at a specified percentage. For this you need:
- that the loan agreement was concluded no earlier than January 1, 2018;
- the loan was issued or refinanced by Russian credit institutions in rubles and had an annuity repayment schedule (in equal installments).
The minimum loan amount at 6% per annum is set from 500 thousand rubles. Maximum - 8 million for Moscow and the Moscow region, St. Petersburg and the Leningrad region. For other regions - 3 million rubles.
The loan is issued for a period of 3 to 30 years, while the age of the borrower at the end of the loan repayment period should not exceed 65 years. You must be at least 21 years of age at the time of applying for a loan. At least 20% of the cost of the apartment must be paid as a down payment. At the same time, the registration of personal and property insurance is a prerequisite.
If a previously taken loan is refinanced at a preferential 6% per annum, then at least 6 months must pass from the moment it is issued. At the same time, there should be no delays in payments. What is the meaning of support: the state compensates banks for the difference between the contractual rate and the 6% rate.
As a result, the provision of funds to banks is temporary: for the second child, a rate of 6% will be provided for three years, for the third - five years.
In this way, there are currently several ways to improve the living conditions of large families. Which one to choose, each family decides independently based on regional norms and rules and its own capabilities and conditions.
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The global problem of most families, especially those with many children, is the lack of spacious housing for all members of a large family to be comfortable.
One of the main directions of the social policy of most states is the support of families with three or more children.
A large family is an officially registered family or marriage in which there are three or more children.
Social support for such households, as mentioned above, is guaranteed by the state.
State program for large families
At the moment, there is no specific state program for large families. However, there are numerous offers from banks and state institutions (Sberbank, AHML), which imply preferential reduced interest rates (from 2 to 4% per annum).
In 2017, the improvement of living conditions by obtaining a preferential mortgage can be achieved through the use of maternity capital, a one-time tax deduction for real estate.
Applications from large families are considered quickly, it takes 2-3 days. Solvency affects the positive decision of the bank. In addition to the total income of all officially working family members, you can attract grandparents to become co-borrowers. And then their income is also summed up. In general, large families are allowed to attract up to 6 co-borrowers.
Preferential mortgage for large families
Many commercial and government structures have developed quite acceptable schemes that provide mortgage benefits to large families. Thus, banking structures such as Sberbank of Russia, AHML and other commercial banks provide real assistance in purchasing housing.
What is a mortgage from AHML?
AHML is a housing mortgage lending agency. They offer the most favorable mortgage lending conditions for large families, where a whole range of advantageous offers is provided:
- the initial payment is from 10% (when using mother capital);
- lending rate for mortgages with state support - from 10.5%;
- when buying housing in a new building - from 12%, in the secondary market - from 12.25%;
- the calculation of the repayment of credit funds is carried out in such a way that the monthly payment of the family does not exceed 50% of the total income of all working family members;
- there are deductions from the interest rate for large families;
- assistance program (mortgage loan restructuring) for families with one or more minor children.
Mortgage of Sberbank of Russia
Consider the terms of the mortgage from the Savings Bank of Russia.
The minimum rate is 11.25% per annum.
According to the scheme developed by Sberbank, a young family with many children, when applying for a mortgage, can attract up to six co-borrowers. This greatly facilitates the financial fate of a young family and facilitates the very possibility of obtaining the consent of the bank to provide a mortgage.
In addition, Sberbank provides a deferral of loan repayment up to five years in the event of the birth of another child.
Sberbank is developing another more profitable mortgage lending scheme for large families.
It should be noted that real assistance and profitable mortgages for large families have been developed by many banking, commercial and government structures at the regional level.
Apartment without a previous owner: from the developer, in a new or under construction building.
The apartment is from the owner - a private person.
House outside the city.
The land on which the client will independently build a house.
These mortgage options have different terms and rates.
- Minimum amount: 300 thousand rubles.
- Amount limit: no more than the cost of the selected housing minus 15%.
- Maturity: up to 30 years.
- Percentage of accrual: from 12.5%.
Mortgage in VTB24
A mortgage for a large family at VTB24 has a number of advantages. The amount that the bank can give you is up to 8 million rubles, depending on the region and your total income. The interest rate will be only 10.2%, and the first installment from 20%. You can always use maternity capital to repay a loan or down payment, if this amount is not less than required.
Favorable mortgage for large families at the regional level
Here are specific examples of concessional lending in the regions:
In the Krasnoyarsk Territory, in 2011, a bill was adopted that provides for real assistance to families with four or more children. Funds are allocated from the budget to repay 75% of the loan rate, but not more than 150% of the Central Bank's refinancing rate. If there are five children, then the state fully repays the loan rate, but on condition that it is less than two refinancing rates.
In the Novosibirsk region, families with many children classified as low-income receive an additional 100,000 rubles from the state treasury.
In Udmurtia, to support large families, very attractive mortgage lending conditions are offered: down payment - 10%; rate - only 5%; additional subsidies in the amount of 200,000 rubles to repay the loan at the birth of a third child.
In the Penza region, thanks to the program envisaged for 2010-2016, families raising five or more children are eligible to apply for state support in the form of 500,000 rubles. This money can be directed to the construction, purchase, repair or reconstruction of housing. One of the areas of state assistance to the most vulnerable segments of the population is mortgages for large families. Unfortunately, it is impossible to get a loan without a down payment. However, you can count on some concessions on the part of creditors. The main ones are lower interest rates, a longer repayment period, the possibility of raising funds under a parent certificate, one-time cash payments from the budget, etc. Each of these concessions can significantly simplify the fulfillment of creditor obligations.
Going towards large families (having more than three children), the regional leadership is developing and implementing many different programs to facilitate the solution of the housing problem.
Moreover, the preferences provided by many social services at the regional level apply to both urban residents and large families living in rural areas. In some regions of Russia, mortgages are provided for large families in the form of assistance in acquiring a land plot for housing construction.
To improve living conditions in some regions, one-time cash payments are provided for the purpose of repairing or expanding housing.
In most regions, mortgages for large families are provided from special regional maternity capital. The creation of such an account at the regional level greatly facilitates the solution of the housing problem for many large families.
What does a large family need to apply for a mortgage?
You need to prepare and take with you the initial package of documents necessary to consider the characteristics of the client. It includes:
- The passport
- Information about spouse, children
- Certificate of a large family
- Employment book or paper from the place of permanent employment with a mark of six months of experience
- Certificate 2-NDFL or other according to the requirements of Sberbank, which indicates the constant amount of payroll accruals
- Information about the income of the second half, which acts as a co-borrower
- Other family accruals (from rent, fees, etc.)
- Systematic family expenses (except utility bills)
If spouses have low incomes, they can enlist the help of relatives or acquaintances whose income level is very significant. They apply as co-borrowers. By agreement, the contract can specify the amount required for payment by the co-borrower. If the client can pay the mortgage himself, but there is no way to prove his solvency, you should not indicate the size.
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Large families belong to the unprotected category of Russians. Therefore, the state meets them on many issues - this concerns the payment of housing and communal services, reimbursement of rent, land plots are provided, but in the field of mortgages everything is somewhat different. In 2016, the State Duma failed to adopt a targeted law that would regulate this issue. Therefore, parents with many children are forced to get out of the situation on their own, turning to various organizations, including Sberbank. Mortgages for large families in Sberbank, benefits and state support in 2018 will include several programs, including a mortgage at 6% for the second and third child.
At the moment, Sberbank offers a mortgage program to large families at an interest rate (with a discount from the developer) from 7,4% . At the same time, in order to receive a developer's discount, the loan term must be up to 7 years.
- The minimum mortgage amount should not be less than 300 thousand rubles;
- term - up to 30 years;
- rate from 9.5%;
- down payment - not less than 15%.
Additional benefits and more favorable conditions
The only significant additional benefit may be the payment of a down payment or part of it with the help of maternity capital. It is important to know: the law allows you to pay mortgage interest with the specified money, but the requirements of Sberbank state that they can only be spent on a contribution. In addition, it is permissible to obtain a mortgage only for housing under construction or new, that is, secondary housing cannot be the subject of a transaction.
Help for young families under the Young Family program 2018
Now the Young Family program can provide assistance to large families, but it is relevant only if the parents are under 35 years old. This benefit enables Russians to receive compensation from the state in the amount of a third of the cost of housing (30%). To clarify the amount of compensation, you need to contact the local authorities, indicating individual conditions.
Nevertheless, due to insufficient funding, those wishing to take advantage of such assistance have been waiting for their turn for years. In view of the foregoing, parents with many children are forced to buy housing for credit money on a common basis.
New law on mortgages for the second and third child from 2018
At the end of 2017, Russian President Vladimir Putin signed a decree on the launch of a program to support mortgage lending for the second and third child, you can read about this in detail in the article That is, according to this program, benefits in the form of compensation for part of the cost, a reduced interest rate can now be calculated not only those with many children, but also parents with two children.
Mortgage registration
Even if there are any benefits in Sberbank, as in any other bank, the solvency of parents with many children is checked on a general basis.
Required documents and certificates for obtaining a mortgage
To apply for a mortgage, large (young) families should prepare the following documents in advance:
- Passports.
- Information about the composition of the family.
- Certificates confirming that the parents have many children. These documents are issued by the municipal authorities.
- Certificate 2-NDFL, indicating the presence of a stable income and its size. If there is additional income, then certificates or other documents (for example, lease agreements) confirming this fact should also be provided.
- Copies of work books, which show that the parents are employed and they have at least six months of experience at their last job.
- A certificate confirming that a large family has its own funds for a down payment.
Each parent must provide these documents, since one of them will be a borrower (whose income is higher), the second will be a co-borrower. If the salary does not allow parents to buy housing on a mortgage, then parents can provide Sberbank with additional co-borrowers, which may be next of kin. But it should be remembered that each co-borrower has the right to claim a share in the acquired property.
Documents for housing
When interested parties decide on their future housing, it is necessary to collect the necessary documents and bring them to Sberbank, more precisely, to the same branch where the mortgage was issued.
The bank requires the following documents:
- Contract of sale. In addition to it, any paper confirming the transfer, alienation of property rights can be accepted.
- Evidence confirming the ownership of the seller.
- Extract from Rosreestr.
- Written consent from the seller's spouse to sell the property.
After making a purchase, parents with many children must insure housing, a copy of the policy is also transferred to representatives of Sberbank.
What to do after getting a mortgage
When the collected portfolio of documents is transferred to representatives of Sberbank, you just have to wait for the bank's decision. If it is positive, the bank employee will call back and acquaint him with it. After that, parents can start looking for housing, which should be found within three months - this is the time the Sberbank offer will be valid. If citizens with many children do not invest within the specified period, then they will have to start registration again, which is costly and inconvenient.
An initial fee
Related expenses for mortgage lending at Sberbank:
- The initial payment, which is made at the expense of the borrower. In addition, you will have to provide a document confirming the availability of such money or place it in Sberbank.
- Real estate appraisal - it is carried out without fail, and by an accredited appraiser.
If you plan to use maternity capital to pay the down payment, then you should provide the lender's specialists with a certificate confirming the right to such a benefit. Also, it is necessary to transfer to the bank managers a certificate, any other document indicating the presence of money in the account. Every citizen who has the right to dispose of maternity capital can receive such a paper, it must be submitted within three months from the date of approval of the mortgage by the bank. Usually, the filing is carried out along with the documents for housing.
Online mortgage calculator
Mortgage for large families in Sberbank, benefits and state support in 2018 has its own online calculator on the bank's page, according to which you can pre-calculate monthly contributions by setting your parameters.
To help large families in obtaining their own housing, the state creates special ones. These programs are provided by banks with the assistance of the state. One of the attractive offers that should be paid attention to is a mortgage for large families in Sberbank. The program is distinguished by certain advantages, which will be discussed below.
Terms of mortgage lending in Sberbank in 2019
Before proceeding to the features of the preferential program for large families, you need to understand the available offers from Sberbank. At the moment, for families with 3 or more children, there are several mortgage loans that include the use of maternity capital as a down payment.The main preferential program for a large family is. This subsidy can only be used by residents of the Russian Federation who have had a second or third child since the beginning of 2019.
The mortgage lending program at 6% per annum will be valid until 2022.
Subject to certain rules, couples with multiple children may qualify for subsidized mortgage programs. Sberbank presents several mortgage loans that make it possible to purchase a property of interest.
Mortgage options:
- apartment from a private owner;
- house outside the city;
- apartment in or from the developer;
- land for building a house.
Conditions for obtaining subsidies for large families
The state program, which provides for the use of the Mortgage for Large Families project, was also reflected in the proposals of Sberbank. This category of borrowers can take advantage of a reduced interest rate - its minimum limit will be reduced by 1-2%. The exact parameters of the rate are set on a personal basis for each specific program.Requirements to use the discount offer:
- number of children in the family - 3 or more;
- lack of own living space;
- the need to change living conditions under the law.
Mortgage interest rates for large families
Families with many children have access to mortgage programs with an interest rate of 7.5% per annum. This rate is valid for a loan program for the purchase of housing under construction or new buildings. A small percentage is provided by state subsidies. If the borrower is not a participant in preferential subsidies, then the interest rate on this mortgage is 9.5% per annum.When mortgage lending to obtain a finished apartment, the interest rate is from 9.2% per annum.
The above rates will apply to those borrowers who are payroll clients or have a deposit in Sberbank, as well as when the purchased housing is built with the participation of Sberbank borrowed funds.
You also need to understand that the following surcharges can be added to the above minimum interest rates:
- +0.3% - if the client does not receive a salary for ;
- +1% - if there is no loan recipient;
- +0.1% - if the client refuses to use the "Electronic Registration Service".
General characteristics of mortgage programs:
- interest rate - from 6% per annum (with a subsidy program up to 7 years inclusive);
- the minimum limit of the loan amount is 300 thousand rubles;
- the maximum loan amount is 85% of the contractual or appraised value of the loaned residential premises or other real estate issued as collateral;
- commission for issuing a loan - 0 rubles;
- The maximum loan period is up to 30 years.
The above programs include real estate pledged to the bank for the entire duration of the mortgage agreement
Necessary documents for obtaining a mortgage for a large family
To apply for and receive a mortgage loan, a large family must collect a separate package of documents. The list below may change in accordance with the requirements of Sberbank, as well as depending on special cases.Primary set of documents:
- certificate of a large family;
- information about spouse and children;
- certificate 2-NDFL or other type according to the requirements indicating the salary;
- passport of a citizen of the Russian Federation;
- a work book or a document confirming the work experience for 6 months;
- fixed expenses of the family (with the exception of utility payments);
- information about the amount of income of the spouse (s) who are co-borrowers;
- additional family income - royalties, transfers for rent, etc.
It should be borne in mind that the co-borrower also has the right to a certain share of the real estate purchased under the loan. At the same time, he will have to repay the debt in the event that the main borrower will not be able to do this.
At the time of submission of the required documents, it is necessary to issue a special application with a request for a loan. According to the agreement, the spouse with a higher income is considered a borrower, and with a lower level - his co-borrower. After receiving all the information, bank representatives carefully check the specified information and characteristics of potential customers. As a result of consideration, they will be offered the most optimal payment terms that will correspond to real incomes.
After receiving a positive decision from the bank, the family must find appropriate housing for themselves, collect all the required documents and then submit them to the bank office within 90 days.
List of required documents for housing:
- Documents for the transfer of ownership - alienation, contract with developers, construction contract (when building a house), etc.
- Consent from existing interested parties: the wife (husband) of the real estate seller, refusals in writing from relatives or other persons who may own a certain part of the housing.
- Confirmation of ownership: certificate of the right to own real estate, an extract from the Register indicating the operations performed on it.
Mortgage down payment
Mortgages for large families in Sberbank are issued in case of confirmation of the presence of a sum of money for making a down payment.The following can be used as supporting documents:
- a document certifying the transfer of the necessary part of the money to the seller;
- an extract from a bank account on the availability of the required amount on it;
- information on the amount of the balance of funds in the maternity capital account;
- appraiser's report with the cost of a house or apartment for sale and subsequent mortgage repayment;
- a document issued by municipal authorities with the amount of a subsidy from the state.
Additional preferential terms in Sberbank for large families
In each case, the requirements for documentary evidence of well-being may differ slightly. If there is security in the form of collateral, the conditions of the program used can be improved. In such a situation, you do not have to confirm the amount of income, and the loan amount can be much larger. In order to repay the loan, the application is also allowed. Its certain share is quite realistic to be used both as a down payment and in order to pay off the monthly payments that were assigned under the contract.The conditions that Sberbank has for preferential mortgages for large families provide for low interest rates. The down payment can even be as low as 10%. It is necessary to take a document from the municipal body that confirms the right to use benefits. In some cases, government subsidies can be used to repay the first part of a home loan. You can check with your local government for details. Monthly payments can be deferred if another child is born.
The Sberbank program - a mortgage for a large family - is considered by many borrowers to be very profitable. It stands out from the background of other options for acquiring real estate by the presence of benefits and can significantly improve living conditions.