Mortgage to large families. New government mortgage support program for families in which
The global problem of most families, especially large families, is the lack of spacious housing so that all members of a large family are comfortable.
One of the main directions of social policy of most states is the support of families, which include three or more children.
A large family is an officially registered family or marriage in which 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 government agencies (Sberbank, AHML), implying reduced preferential interest rates (from 2 to 4% per annum).
In 2017, the improvement of housing conditions by obtaining preferential mortgages 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. A positive decision of the bank is affected by solvency. In addition to the total income of all officially working family members, it is possible to attract grandparents to become co-borrowers. And then their income is also added up. In general, large families are allowed to attract up to 6 co-borrowers.
Preferential mortgage for large families
Many commercial and state structures have developed quite acceptable schemes that provide mortgage benefits to large families. Thus, real assistance in purchasing housing is provided by banking institutions such as Sberbank of Russia, AHML and other commercial banks.
What is a mortgage from AHML?
AHML is an agency for housing mortgage lending. They offer the most favorable conditions for mortgage lending for large families, where a whole range of favorable offers is provided:
- down payment is from 10% (when using mothercapital);
- mortgage lending rate with state support - from 10.5%;
- when buying a home in a new building - from 12%, in the secondary market - from 12.25%;
- the calculation of the return of credit is carried out in such a way that the monthly payment of the family is not more than 50% of the total income of all working family members;
- There are deductions from the interest rate for large families;
- Assistance program (mortgage restructuring) for families with one or more minor children.
Mortgage Sberbank of Russia
Consider the mortgage terms from Sberbank of Russia.
The minimum rate is 11.25% per annum.
According to the developed scheme of Sberbank, a large family of many children, drawing up a mortgage, can attract up to six co-borrowers. This greatly facilitates the financial fate of the young family and facilitates the very possibility of obtaining bank consent for a mortgage.
In addition, Sberbank provides a deferral of repayment of the loan body up to five years in the event of the birth of another child.
Sberbank is developing yet another more profitable mortgage 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 state structures at the regional level.
Apartment without the previous owner: from the developer, in a new or building under construction.
The apartment is from the owner - a private person.
House outside the city.
The plot on which the client will independently build a house.
These mortgage options have different conditions and rates.
- Minimum size: 300 thousand rubles.
- Limit on the amount: not more than the cost of the selected housing minus 15%.
- Maturity: up to 30 years.
- Percentage accrual: from 12.5%.
Mortgage in VTB24
A mortgage for a large family in VTB24 has several 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 down payment 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 2011, a bill was passed in the Krasnoyarsk Territory providing 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 refinancing rate. If there are five children, then the state fully repays the interest rate on the loan, but on condition that it is less than two refinancing rates.
In the Novosibirsk Region, large families, classified as poor, are additionally allocated 100,000 rubles from the state treasury.
In Udmurtia, very attractive conditions for mortgage lending are offered to support large families: down payment - 10%; rate - only 5%; additional subsidies in the amount of 200,000 rubles to repay the loan at the birth of the third child.
In the Penza region, thanks to the program provided for 2010-2016, families raising five or more children are entitled 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 directions of assistance from the state to the most vulnerable segments of the population is a large mortgage. Unfortunately, it is impossible to get a loan without a down payment. However, some lenders on the part of creditors can be counted on. The main ones are: reduced interest rates, a longer repayment period, the possibility of raising funds under the maternity certificate, one-time cash payments from the budget, etc. Each of these concessions can significantly simplify the execution of creditor obligations.
Going towards large families (with 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 relate to both urban residents and large families living in rural areas. In some regions of Russia, a mortgage is provided for large families in the form of assistance in acquiring a land plot for housing construction.
To improve housing conditions in some regions, one-time cash payments are provided that are intended for the repair or expansion of housing.
In most regions, a mortgage for a large family is provided with a special regional maternity capital. The creation of such an account at the regional level greatly facilitates the solution of the housing problem to many large families.
What is necessary for a large family to get a mortgage
It is necessary to prepare and take with you the initial package of documents necessary to consider the characteristics of the client. It includes:
- Passport
- Information about spouse, children
- Certificate of a large family
- A work book or paper from a place of permanent employment with a record of six months of experience
- Certificate 2-NDFL or another according to the requirements of Sberbank, which indicates a constant amount of accruals on wages
- Information about the income of the second half, which acts as the co-borrower
- Other family accruals (from rent, fees, etc.)
- Systematic family expenses (except utility bills)
If the income of the spouses is small, 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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Almost all young families are faced with such a problem as the purchase of their own housing, and mortgage lending helps to solve it. It is much more difficult to solve the housing problem, when in a young family, in addition to spouses, there are three or more minor families, in addition, such a family needs a spacious apartment, which is quite difficult to buy even with borrowed funds. Consider whether there are benefits on the mortgage for large families.
Who gets the status of a large family
To begin with, it is worth determining that the possibility of families with children varies significantly depending on the subject of the Russian Federation. For example, in Moscow and neighboring regions, the status of a large family is given to those spouses who have three or more children, and for Ingushetia this status is given to families with five children. This is determined by the regional authorities.
The status of a large family can be obtained by a complete family with both parents, or incomplete when one parent is engaged in maintenance and upbringing. In addition, it does not matter whether the children are natural or adopted. By the way, after children reach adulthood, the family loses the status of a large family.
Programs for large families
Currently, a specialized mortgage program for young families is not provided for at the legislative level. Although in our country there was previously a program designed for a wide range of clients, which, in addition to large families, included budget workers, doctors, teachers, young families. According to this program, part of the interest on a housing loan was paid to the lender from the federal budget.
But in conditions of fierce competition between financial institutions, banks reduce rates, offer more loyal lending conditions for the privileged category of the population. For example, they reduce the amount of the down payment, because it is difficult for a family with children, and even almost impossible to save 20, or even 30% of the cost of housing, moreover, this category of borrowers needs a more spacious and, accordingly, expensive housing.
Please note that an interest-free mortgage for a large family is not possible, because banks are commercial organizations whose purpose is to make a profit.
But nevertheless, the state in every possible way provides material support to this category of citizens, in the form of allowances and subsidies, as well as other measures. The main task of potential borrowers is to find a lender who is ready to offer more comfortable credit conditions. Therefore, it makes sense to consider several relevant proposals.
Features of mortgage lending
To begin with, it is worth noting that no matter which bank you choose as a lender, mortgage lending for large families is not much different from the standard procedure. The procedure is no different, the purchased housing will also be pledged by the bank until the borrower fully fulfills his obligations under the contract.
For any family, a mortgage is the safest form of transaction from a legal point of view. Because the bank carefully controls every stage of the transaction and protects itself and the borrower from fraudulent actions by third parties. But from a financial point of view, this event is quite costly for the borrower, so it’s worthwhile to carefully study the market for bank mortgage offers.
Mortgage interest rates are quite high, about 13-15% per year, and given the high cost of square meters, for large parents, loan payments will be almost unbearable. You can find a way out of this by following some simple rules:
- the rate for the purchase of housing in the secondary market is several percent higher, therefore it is more reasonable to look for a suitable option in a new building;
- there are proposals for mortgage lending, according to which an initial payment is not required, but this is not the best way out, because the rate will be several percent higher;
- use state support, this will be discussed later.
Despite the variety of commercial banks in Russia specializing in mortgage lending, many potential borrowers choose Sberbank or AHML as a reliable partner, and consider what conditions are offered to parents with many children here.
Sberbank
Here are pretty loyal credit conditions. In addition, the bank took care of borrowers whose income level does not meet the requirements. Now the borrower can attract up to three co-borrowers, whose income will be taken into account when calculating the maximum amount of a mortgage loan.
Basic conditions:
- the minimum amount is from 300 thousand rubles, the maximum is determined individually;
- loan term up to 30 years;
- down payment from 20%;
- interest rate from 11.4% per year, but it can fluctuate depending on some factors, including life insurance and others;
In addition, Sberbank provides an opportunity to obtain a deferment at birth of a child to pay the principal debt for up to 3 years.
Mortgage for large families on preferential terms is available only as part of the Young Family program, that is, the borrower must meet certain requirements. In the first requirements for the age of the borrower, the return of one of the spouses should not be more than 35 years. A third important condition is the down payment, and the higher it is, the lower the rate. Particularly favorable conditions are received by the participants of the salary project.
Mortgages from AHML
There is also no targeted program for the preferential category of the population, but you can choose a home loan on favorable terms. As part of the mortgage program for the purchase of finished housing, the loan rate from 12% per year, which increases depending on the down payment, there is a minimum of 20%, and the rejection of life and health insurance.
Limitations on the amount from 300 thousand rubles to 10 million rubles (20 million rubles for residents of the capital).
But there is a significant chance to save. Namely, choose housing from the mortgage property. In simple words - these are objects that were pledged to the bank on previously issued mortgage loans, and their owners could not cope with the financial burden of paying loans. Here the rate will be lower by 2 points.
Please note that maternity capital may be used as a down payment.
Federal benefits for large families
Regional support
If, as part of federal support, a mortgage for large families with preferential conditions is not provided, then in some regions regional programs are in force. Let's look at a few examples:
- In the Krasnoyarsk Territory in 2011, the government decided to reimburse borrowers who have three minor children in their family for 75% of the mortgage rate, and if there are five or more children in the family, the interest was fully paid from the budget.
- In Udmurtia, mortgage lending for large families was offered on extremely favorable terms: the rate of 5%, down payment of 10%, additional financial assistance for paying off a housing loan of 200 thousand rubles at birth.
- In the Penza region, financial assistance was provided to families with five children in the amount of 500 thousand rubles; they can be used for reconstruction, construction, repair of housing, or repayment of a mortgage loan.
But nevertheless, unfortunately, there is no specialized program for parents with many children. There are other ways to save and recover part of the cost of buying a home. For example, when buying an apartment for the first time, a borrower can return income tax in the amount of 13% of the cost, but not more than 360 thousand rubles, in addition, it provides for the return of income tax on interest on a mortgage loan in the amount of 13%.
Greetings! For every large family, the issue of spacious housing is very acute, in which all households could comfortably accommodate. Not every couple is able to accumulate a sufficient amount of money that would be enough to purchase their own real estate. That is why this problem is most often solved through mortgage lending, which is carried out with state support. Mortgages for large families in 2019 and its conditions are the topic of our meeting today. Also from the post you will learn about paying off mortgages for large families at the expense of the state.
It is extremely difficult for large families to take part in standard mortgage programs, since they are set at rather high interest rates, and there is also a need to make a large amount of funds in the form of a down payment. But, thanks to the assistance of the state, this category of borrowers has a real chance to become owners of their own real estate and improve housing conditions.
At registration mortgages for large families, they can count on the following help:
- an interest-free subsidy is allocated from the budget, which is issued to improve the living conditions of large families;
- financial assistance is provided in the payment of a mortgage, in the form of repayment of part of the debt;
- funds are allocated that can be spent on the down payment of a housing loan ( pay off the payment allowed at the expense of maternity capital);
- interest rates for a mortgage for large families are reduced or a privilege is granted in the form of minimizing the amount of the advance payment;
- apartments for which low prices are set are allocated from the housing stock;
- if one of the parents is a budget employee, then he can apply for special mortgage programs, which provide fairly favorable conditions (there is no state support);
- borrowers who have not received any subsidies can expect a 13 percent tax deduction (this amount can be spent on paying off mortgage debt).
Attention! All funds that are allocated to help people raising more than two children are allocated not only from the Federal, but also from the regional fund. It is worth noting that if spouses individually participate in mortgage lending for a large family, and at the same time they both fall under preferential programs, then state support will be provided to only one borrower.
Social mortgage for a large family
Social mortgage is a loan program, according to which part of the loan will be paid from the federal budget. It was developed several years ago specifically for preferential categories of citizens. AHML is involved in the implementation of the program and the regulation of all issues arising on it.
Attention! In 2019, it is planned to subsidize in the amount of 35% of the cost of housing purchased in a mortgage. Applicants can receive assistance from the state in one of three ways: the interest rate will be reduced, part of the acquired property will be compensated, the advance payment will be reimbursed.
Conditions
You can participate in the program on the following conditions:
- The applicant must have the amount of funds for the down payment (you can use mat. Capital for these purposes).
- A large family must document its status.
- The contract indicates an extended list of possibilities for repaying a mortgage to large families.
- Customers have the opportunity to change the form of monthly payments from differentiated to annuity and vice versa.
- No housing should be owned or there is a property that does not meet the living standards for a large number of people (18 sq.m. is allocated per household).
- When choosing in 2019 beneficiaries must remember that for them the cost is 1 sq.m. must not exceed 35,000 rubles.
Who can participate
The following categories of beneficiaries can apply for a social mortgage:
- Needy and large families who live in cramped apartments or do not have their own housing at all.
- State employees, social workers, and government employees, such as teachers, doctors, etc.
- Young cells of a society with one child, in which parents have not reached the 35th anniversary, who do not have their own housing.
- Citizens who participated in hostilities by the state.
- Participants in social security, contractors.
How to make out
Each category of beneficiaries has a number of requirements that must be met (for example, state employees must have a certain length of service). Otherwise, they will be denied social mortgage lending. A social program is drawn up according to the standard scheme.
Documents
To participate in the social mortgage program, applicants need to form a large documentation package:
- A statement is being written.
- Civil passports of spouses.
- Birth certificates of all children under the age of fourteen.
- Marriage certificate.
- Certificate (certificate) confirming the status.
- Extract from the house book.
- Certificate from the place of official employment confirming receipt of monthly income (Form 2NDFL).
- A copy of the employment book (employment contract).
- Certificate for mat. capital (if received).
- Documents for the purchased apartment (extract from the USRN, title documents of the seller for the apartment).
- Details of the current account opened with the bank in the name of the seller of real estate.
Attention! Each financial institution that draws up a mortgage for large families in 2019 under a social program can increase the list of documents.
Registration in banks and AHML
AHML lends to individuals on the following conditions:
- Agency repurchases debts from partner banks.
- The lender undertakes to issue mortgages on the terms determined by the agency.
- Interest rates for apartments from the secondary market do not exceed 11.00%, in a new building up to 6.00%.
- The down payment is not higher than 10% of the loan body.
- The amount of the monthly mortgage payment will not exceed 45% of the total family budget.
Banks independently determine interest rates on their loan products. In the case of the state program, they reduce them for the preferential category of customers, but at the same time they do not lose income, as they receive compensation.
Details and the entire lending process is described in a separate post.
Family mortgage at 6%
In 2018, people who gave birth to children got the opportunity to purchase housing on a mortgage at only 6.00% per annum. A preferential mortgage for large families in 2019 will be issued only at certain financial institutions, to which the state will reimburse the difference between the current one (varies from 10.00% to 13.00%) and the preferential rate. Thanks to this, large families will be able to save at least 4.00% per annum on interest, and this, given the loan body, is a pretty decent amount.
Attention! The loan agreement will indicate a preferential interest rate of 6.00% per annum. All documentation for participating in a mortgage is issued within the walls of a financial institution selected for lending from a list approved by the state. Banks must submit a package of documents to the RF Ministry of Finance within 30 days from the date of publication of the decree, and an application for participation in the program. Compensation payments for lost interest income will be transferred from the state to selected banks and AHML each month.
Conditions
The state program put into action defines a rather narrow circle of large families that can take part in it:
- Families must have children who were born after 01/01/2018. and no later than 12/31/2022.
- The term of subsidies directly depends on the number of children in the family: 2 - three years; from 3 - five years.
- Under the terms of this program, you can only purchase a property located in a new building. You can also take advantage of subsidies to refinance previously issued mortgages. People cannot buy real estate from the secondary market at a reduced interest rate.
- If the state provides a family subsidy for a mortgage interest rate for a period of three years, then after the birth of another child, this period will last for five years.
- The property must be purchased only from a legal entity.
- The program will operate for a limited period of time, ranging from 01.01.2018. until 12/31/2022 But, there are rumors that with its successful implementation, the possibility of prolongation will be considered.
Attention! When developing a program of preferential mortgages for many children, the drop in demand for primary real estate was taken into account. And to support developers, a condition was introduced regarding the impossibility of acquiring secondary housing. primarily intended to support fertility and the construction industry. Secondary housing can also be refinanced under this program, but it must be previously purchased from a legal entity. Read the details of the program in our last post.
450 thousand from the state for the birth of a third child
At the end of February 2019, the President announced that it was necessary to introduce additional incentives for the birth of children. Vladimir Vladimirovich suggested making changes to the family mortgage. In the spring of 2019, it is planned that a decree will be issued according to which are large.
We will find out the exact conditions of the program in the near future, therefore, please subscribe to the site updates so as not to miss.
Borrower Requirements
Standard requirements are imposed on borrowers, except for one - children must be born between 01.01.2018. until 12/31/2022
Mandatory requirements include:
- the presence of permanent registration in the locality in which the mortgage for large children is issued;
- citizenship of the Russian Federation;
- compliance of the borrower with the criteria of the bank.
It is such a potential borrower that can receive mortgage benefits.
How and where to issue
To take part in a family mortgage and receive subsidies, individuals must contact the bank directly, which is on a special list.
The loan processing procedure involves several stages:
- A large family in which after 01/01/2018 a second child was born, a third, etc., chooses a financial institution for cooperation, in which he draws up a mortgage.
- The borrower must submit documents to the bank that confirm the legal right to subsidize (birth certificate of a child).
- The financial institution on the basis of the information received reduces the current interest rate to 6.00% for a certain period. For example, for families in which only two children are brought up, the validity period of the reduced rate will be three years. For families in which three or more children are brought up, the term of the preferential interest rate will reach five years.
- After drawing up a credit program, the state will start from the budget monthly to transfer to the lender the difference between the base and preferential interest rates.
Attention! If the family is up to 2018 issued a mortgage, after which she had one or more children, then she can contact her lender for refinancing. In this case, the interest rate will be reduced to 6.00% promised by the state (subject to the provision of all necessary documentation).
Documents
A large family falling under this program must provide the following documentation to the financial institution:
- civil passports of the borrower, his spouse (spouse), and other co-borrowers (for example, adult children) are made copies of all completed pages.
- certificates confirming the sources of income of all households (form 2NDFL for 6 months);
- certificate of marriage;
- military ID or certificate of delay received by the spouse (if he is under 27 years old);
- birth certificates of all heirs;
- copies of work books of all officially employed households;
- certificate for mat. capital (if received);
- documents for the purchased apartment.
Mortgage for a large family on standard conditions (difficulties and design options)
Large mortgage loan families on standard conditions has a number of disadvantages:
- insufficient total income, because of which the bank refuses to lend, as it believes that the borrower will not cope with its obligations;
- possible difficulties in finding real estate, which has rather stringent requirements.
Attention! When applying for a standard mortgage, the borrower must act according to plan. Initially, an appeal is made to the bank and consent is obtained. There is real estate, a sales contract is signed with the seller, and a mortgage agreement with the creditor. Money is transferred to the account of the former owner of the apartment. It is worth considering first of all since there you can take into account additional income, and there is also, as an alternative option, because dependents in solvency are not taken into account there.
Conclusion
If people raising more than two children plan to take part in mortgage lending with state support, then they need to know in advance not only about the conditions, but also about the requirements for borrowers. If it fits the parameters, then you can safely choose a suitable bank for yourself and draw up documents. A mortgage for large families in 2019 is a real chance to improve housing conditions.
We are waiting for your questions in the comments under the article.
Always in touch with our mortgage lawyer, who will tell you about all the benefits that you can get from the state.
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Large families belong to the unprotected category of Russians. Therefore, the state meets them in many matters - this concerns payment of housing and communal services, rent reimbursement, land plots are provided, but in the field of mortgages everything is somewhat different. In 2016, the State Duma was not able to adopt a targeted law that allows regulating this issue. Therefore, parents of many children are forced to leave the situation on their own, turning to various organizations, including Sberbank. A mortgage 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 for 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 discount, the loan term must be up to 7 years.
- The minimum amount of the mortgage should not be lower 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 the down payment or part thereof with the help of maternity capital. It is important to know: the legislation allows you to pay with the indicated money interest on the mortgage, but Sberbank claims 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 can not be the object of the transaction.
Helping Young Families Under the 2018 Young Family Program
Now the program “Young Family” can provide assistance to large families, but it is relevant only if parents are under 35 years old. This benefit allows Russians to receive compensation from the state in the amount of one third of the cost of housing (30%). To clarify the amount of compensation, you need to contact the local authorities, indicating the individual conditions.
Nevertheless, due to insufficient funding, those wishing to take advantage of such assistance have been waiting in line for years. In view of the foregoing, parents of many children are forced to buy housing for credit money on a common basis.
The new law on mortgages for the second and third child of 2018
At the end of 2017, Russian President Vladimir Putin signed a decree on the launch of a program to support mortgage lending for a second and third child, you can read more about this in the article “Mortgages for 2 and 3 children by 6% in 2018”.
That is, according to the specified program, benefits in the form of compensation for part of the cost, reduced interest rates can now be calculated not only by large families, but also by 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 common basis.
Required documents and certificates for obtaining a mortgage
For registration of a mortgage, large (young) families should prepare the following documents in advance:
- Passports
- Certificate of family composition.
- Certificates confirming that parents are large. Such documents are issued by municipal authorities.
- Help 2-PIT, indicating the presence of a stable income and its size. If there is additional income, then you should also provide certificates or other documents (for example, lease agreements) confirming this fact.
- Copies of work books showing that parents are employed and have at least six months of experience in their last job.
- A certificate confirming that the large family has its own funds for the down payment.
Each parent must provide these documents, since one of them will be a borrower (who has more income), the second - a co-borrower. If the salary does not allow parents to buy housing on a mortgage, then parents can submit to Sberbank additional co-borrowers, which may be immediate relatives. But it should be remembered that each co-borrower has the right to claim a share in the acquired property.
Documents for housing
When the interested parties determine their future housing, it is necessary to collect the necessary documents and bring them to Sberbank, or rather to the same department where the mortgage was registered.
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.
- Certificate of ownership of the seller.
- Extract from Rosreestr.
- Written consent of the spouse of the seller to sell the property.
After making a purchase, parents with many children must insure housing, a copy of the policy is also transferred to Sberbank representatives.
What to do after obtaining a mortgage consent
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When the collected portfolio of documents will be handed over to the representatives of Sberbank, you just have to wait for the decision of the bank. If it is positive, a bank employee will call you back and introduce him. After that, parents can begin the search for housing, which should be found within three months - this is exactly the time that the offer of Sberbank will be valid. If large citizens do not invest in the indicated period, then you will have to start registration again, which is costly and inconvenient.
An initial fee
Related expenses for mortgage lending at Sberbank:
- Down 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, moreover, by an accredited appraiser.
If you plan to use maternity capital to pay the down payment, you must provide the lender’s specialists with a certificate confirming the right to such an exemption. Also, it is necessary to transmit to the bank managers a certificate, any other document indicating the availability of money in the account. Each 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, filing is carried out together with documents for housing.
Online Mortgage Calculator
Mortgage to 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 installments by setting your parameters.
The problem of obtaining their own housing through a loan, which generates a manifestation, is acute for many Russian families.
It is especially relevant for young families who have not yet had time to create more or less thorough accumulations. More complicated is the situation with the acquisition of their own housing with installments for payment of payments and the onset of mortgages by virtue of the law for large families.
The legislation refers to those families where three or more minor family members are raised by parents (or guardians). As a rule, in such families the income per family member is lower than the average. And it is very difficult to expect such a family to operate solely own mortgages by virtue of the law. While paying off mortgages to ordinary Russian families seems extremely difficult, large families have much more difficulty.
After all, such a family does not require small-sized housing, but spacious, to create more or less comfortable living conditions. And its cost is much higher, which makes the mortgage by virtue of the law for a large family almost illusory.
Mortgage for a large family in 2017
still remains for the legislature of Russia only a topic of discussion. It is not the first year that there has been talk that this year, quite definitely, a mortgage with many children will gain the support of the state by force of law. But the wheels of the state cart in such cases spin, oddly enough, very slowly.In 2017, a mortgage for a large family is still governed by regulations adopted in 2013. In 2017, the problem of mortgages for large families continues to be solved based on the provisions of the federal program for providing Russians with housing. The extensive legal act addresses, in addition, many issues related to the provision of affordable housing and the required level of utilities to citizens.
But it completely lacks a mechanism for the direct action of mortgages for a large family, and in 2017 it is still not launched. On the basis of the federal program, a three-year program was launched to provide preferential mortgages for large families, which continues to be modified in 2017 as well. The basic federal normative act remains the program of providing affordable housing for Russians, designed to operate until 2025. Based on it, they solve mortgage issues for large families in 2017.
The draft federal regulation, which will determine the provision mortgages for large families by law, remains at the stage of backstage discussions.
In 2017, those who fall under the conditions stipulated by the Housing for the Russian Family subprogramme can count on state assistance in obtaining mortgages for a large family. To provide a family with a large social status, the presence of:
- Registered marriage;
- three children (and more). To this number, the legislator ranks not only native children, but also stepsons (stepdaughters), adoptive children and those under guardianship;
- age under the age of majority - 18 years.
Mortgage for large families on the basis of applicable laws
While the mortgage provided to large families has not entered into force of the law as a separate regulatory act, the provisions for its provision based on separate state programs are in force. It should be recognized that by and large, the mortgage for a large family in 2017 has virtually no differences from the standard. In the vast majority of cases, the option of buying a home is chosen. Certain measures of social support in relation to a large family are available, she offers assistance in the form of a mortgage in several forms:- Reduced basic rates. It is more profitable for a borrower to purchase housing in a new building from the point of view that the basic rate can be provided at a level not exceeding six to seven points. While the purchase of an apartment in the secondary market involves a higher base rate. The difference in favor of the new building is very tangible four to five points, that is, more than one and a half times;
- the possibility of using maternity capital. A large family can exercise the right to a certificate by directing funds either to make an initial payment, or to pay interest, or to repay the main body of the loan;
- the duration of the agreement, which can be up to thirty years;
- reduced down payment, which is usually equal to the fifth to seventh of the amount. Again, the use of maternity capital is allowed for a down payment;
- providing vacation pay in the event of the birth of another child. It is clear that in the case of the birth of a child, one of the family members will have to spend a lot of time caring for him. Family income, of course, will decrease; paying debt will become more difficult. in such cases, willingly meet the customers, providing a long delay, up to one and a half years;
- government compensation for part of the borrowing.
Mortgage to a large family: how is it done in Sberbank
The position regarding the provision of a mortgage to large families in 2017 is very important because:- As a financial institution with state capital, he is actively involved in federal social programs;
- the bank holds the lion's share in the Russian market for the provision of borrowing services. Sberbank of Russia provided more last year than all other representatives of the banking sector combined.
The involvement of third parties, which do not include the spouse (s) of the main recipient of the loan, has a very significant effect on the terms of the contract. This is due to the fact that now the general financial condition is taken into account, which allows us to count on:
- Reduction of the basic rate;
- increase in the amount of borrowing.
- raising maternal capital.
- The basic rate will be reduced to 9.5 points, provided that the transaction is registered electronically, but the client has it;
- provide an opportunity to connect maternity capital;
- allow the extension of tax deductions for interest payments;
- the amount of borrowing will be offered from three hundred thousand, but it will not be able to exceed four fifths of the value of the collateral;
- payment period extended to thirty years. Payment will be delayed for a period of three years if the family has another child;
- minimum level of down payment - from one fifth of the amount. In this regard, Sberbank remains cautious; many financial institutions have already reduced the down payment level significantly.
Mortgage by law and AHML
The agency cooperates with many partner banks by repurchasing part of their loan debt from them. Loyalty to the conditions of the agency is quite acceptable:- The basic rate for buying an apartment in the secondary market will be set at six points, in a new building - eleven;
- the share of the down payment will be only one tenth of the amount;
- the monthly payment will be calculated so that the family does not spend more than 45% of the total budget on it.
- If a baby is born, an agreement is still in effect. The discount will be a quarter of a percent, but will not exceed a total of half a percent at the birth of several children;
- subject to the cost of housing purchased below the level established by local regulations. The decrease will be half a percent;
- to provide comprehensive insurance. But this will noticeably affect the family’s wallet, so it’s worth calculating whether to resort to this method of lowering the basic rate.
How is a mortgage issued to large families in 2017 until a new law is passed
A family with several children who decide to join the preferential program should check their compliance with the required conditions. They provide:- The presence of official status;
- documentary evidence by the local government of the need to improve housing conditions. Not only the living space per each member is taken into account, but also whether the technical condition and utilities meet sanitary and hygienic standards;
- constancy of residence in the region on the basis of permanent registration.
It is better to prepare for mortgages in advance, the provision of:
- Copies of passports.
- Marriage certificate.
- Birth certificates of children.
- Certificates confirming that the family is officially recognized as having many children.
- Information confirming the financial condition of both the main borrower and co-borrowers. It will be necessary to bring copies proving official employment.
- Military ID (for persons under 27 years old).
- SNILS.
- The original certificate of maternity capital and its copies.
- Statements as a family account from the local branch of the PF.
11/28. 2017, the President of the Russian Federation V.V. Putin suggested that the government subsidize mortgages at 6% per annum for families raising two or more children.
Since 2018, this program has been actively working; many large banks in the country began to provide mortgages with a preferential interest rate. In particular .
You can always familiarize yourself with the offers of mortgage lending from other banks.