Mortgage loan under the maternity capital program. Mortgage with maternity capital as a down payment
How to pay off a mortgage maternity capital is a question that often arises, because today more and more families are trying to use the opportunity to direct maternity capital to acquire residential real estate. Below we will consider all the intricacies of the procedure for making maternity capital on account of payment mortgage loan.
Mortgage using maternity capital
Maternity capital is a way state support families with 2 or more children, as well as measures aimed at improving demographic situation in the country. Due to the fact that the program is aimed at strengthening and improving the quality of life of families, possible ways the use of the funds allocated by the state are limited.
So, you can use maternity capital as follows:
- To pay for the education of any of the children in the family.
- Transfer to the Pension Fund in order to increase the future pension of the mother.
- Buying or building your own home.
- Purchase of funds and payment for rehabilitation and household adaptation services for disabled children.
It is not difficult to guess that the 3rd method is in demand to a greater extent. So, maternity capital can be used to purchase housing through direct purchase of real estate or registration home loan(mortgages). At the same time, in the case of a mortgage, maternity capital can be directed towards the amount of the first installment or to pay for an existing loan (mortgage). At the same time, you do not need to wait until the baby grows up and reaches the age of 3 years - you can use the maternity capital without problems immediately after receiving it.
It is important to note that the law provides for the possibility of disposing of funds only in a non-cash way. This was established in order to be able to control the intended use of allocated funds. So if you decide to use family capital, then get ready to write a corresponding application to the Pension Fund of Russia.
Although there may be an exception to the rule on non-cash allocation of funds. For example, if a family builds a residential building on its own, then even before the start of construction, you can receive half of the capital to a bank account. To receive the second part, you must apply (not earlier than the next six months from the date of receipt of the first part of the funds) to the Pension Fund with an application and documents confirming the cost of the work performed (contracts with contractors, acts of work performed, for example, on pouring the foundation or erecting other parts of the building ).
How and where to get a certificate?
In order to dispose of maternity capital at your discretion, you must obtain a certificate. To obtain a certificate for maternity (family) capital, you will need to contact the Pension Fund of Russia, doing this at any time after the corresponding right arises (the birth of a child or his adoption). You need to have the following documents with you:
- passport of a citizen of the Russian Federation or a foreign citizen with a mark on the registration of a person;
- birth certificate of the child (for foreign citizens, this may be another document, for example, a certificate confirming that the baby is a citizen of the Russian Federation);
- other documents depending on the specifics of the situation: a power of attorney (if a representative applies), an adoption decision, a death certificate of the mother, a court decision to recognize the mother as dead or deprive her of parental rights, etc.
In addition, the applicant will need to write an application for a certificate of maternity capital. The appeal will be considered within a month, after which the Pension Fund will decide whether to issue a certificate or refuse to issue it.
In case of loss, damage, destruction of the certificate, as well as changes in the data of its owner (passport data, name), a citizen has the right to apply to the Pension Fund for a duplicate.
By the way, the certificate has no expiration date and can be used by the mother or adoptive parent throughout life, and in the event of their death, another spouse or adoptive parent or child can use this document until they reach the age of 23 years.
Mortgage payment by maternity capital
Don't know your rights?
Reasons for the refusal of the Pension Fund to pay a mortgage
So, if you already have a mortgage, then, as we mentioned above, you have the right to use the entire amount of maternity capital immediately after the certificate is presented to you. For this it is best to follow step by step instructions below.
1. The first thing to do is to contact the bank that issued you a home loan or mortgage and request a certificate of the balance of the principal amount, as well as the amount of interest on such a loan. In addition, the bank can also issue title documents for an apartment (certificate of ownership, contract of sale) that you purchased on bail. As a rule, banks usually do not obstruct borrowers in obtaining such securities, but possible delays cannot be ruled out.
2. Contact the Pension Fund and submit an application for the transfer of maternity (family) capital in payment of a mortgage loan (the required form will be issued at the Pension Fund branch free of charge). At the same time, you will need to submit a set of documents:
- Passport of a citizen of the Russian Federation or a foreign citizen, if the law grants him the right to receive maternity capital, as well as documents confirming the place of residence of the applicant.
- Certificate for receiving maternity capital.
- Documents confirming the existence of a debt obligation and its size: a loan (mortgage) agreement, a certificate from the bank on the amount of debt.
- Documents confirming the right to living quarters: certificate of ownership of real estate acquired with the lender's funds, as well as an extract from the house book and personal account number.
- The applicant's statement that after paying the full cost of residential real estate, he undertakes to register it in common shared ownership with all family members (spouse, children). This declaration must be certified by a notary.
- If there is also a co-borrower (for example, a spouse) under the mortgage agreement, copies of his identity documents confirming citizenship and determining the place of residence, as well as a document confirming kinship (marriage certificate) are also required.
After all the specified documents are handed over to the registrar, it is necessary to receive a receipt from him, which will confirm the fact of receipt of the papers and the date of their submission. The term for consideration of your application cannot exceed 1 month.
3. After the Pension Fund makes a decision, you will be notified accordingly. If the decision is positive, it remains only to contact the bank. By the way, funds from the Pension Fund will be credited to the bank account in 2 months.
4. If the transferred amount of maternity capital completely closes the residual payment, you need to contact your creditor for a certificate of debt payment and the absence of claims against you. If the debt is partially closed, you get the right to recalculate the monthly payment or reduce the term of the home loan (mortgage), subject to maintaining the original amount of contributions. In order to determine how you will settle with the bank further, you need to contact the lender with the appropriate application. In any case, you must be provided with a new payment schedule.
What about the bank?
If the bank refuses to accept your maternity capital as a mortgage, feel free to defend your right. Current legislature obliges absolutely all banking structures operating in the territory of our state to accept maternity capital as payment for a mortgage loan. The difference can only be in how much of the debt the borrower will repay. This is already determined by the bank.
So, some financial institutions allow their borrowers to use maternity capital as a down payment. Others direct funds to reduce the amount of the principal debt (the most successful option, since interest will be charged on the remaining amount of the debt, which will significantly reduce the overpayment), and still others cover the amount of interest on the loan at the expense of maternity capital.
Please note that family capital cannot be used to pay off fines, penalties or other financial sanctions on a mortgage loan.
By the way!
In addition to federal maternity capital, many regions introduce their own amounts of payments, which are usually provided after the birth of the third baby. The possibilities of using these funds are wider, in particular, the mother can receive monthly payments of a fixed amount in cash or the family can purchase a vehicle.
At the same time, regional programs to increase the birth rate can not only be as generous as federal ones, but even surpass them in terms of generosity. Payment amounts range from 100,000 to half a million rubles. And in some regions, special programs have even been developed that guarantee the full repayment of a mortgage loan after the birth of 3 children.
So, before you go to the Pension Fund, it’s better to find out what programs exist in your region first, at least in order not to do 2 things, but to complete everything due benefits and payments at the same time. As a result, it will be possible to solve the housing problem even faster.
A large amount of information on these issues is contained on the website of the Pension Fund of the Russian Federation, as well as the websites of regional authorities of the constituent entities of the Federation.
Welcome! The topic of our meeting today — maternity capital and mortgage. Read the post to the end, and you will find out: how a mortgage with maternity capital is processed, the maternity capital mortgage program in the TOP - 5 banks in the country (how mortgage conditions are implemented), maternity capital and military mortgage (features of obtaining and repayment), how to send maternity mortgage capital. Let's get started!
At the birth of a second child, parents do not always know all the conditions and features of obtaining a mortgage with state support and maternity capital . To receive matkapital (for a mortgage), there must be two children. It is issued to the mother of two (or more) children. Paid after the birth of the second child, regardless of whether twins, triplets or an adopted child (also has no effect, the number of children born after the second, and whether the parents are divorced).
The Russian program of one-time assistance is provided only for Russian citizens. Therefore, if the mother and child have Russian citizenship, they are provided with maternity capital, even when they live abroad.
This legislative project started from 00.00 on January 1, 2007. If the birth or adoption of a child occurred before this date, the parents will not be paid family capital. If the 2nd child appeared before the date when the bill began, when the third (fourth) child appears, you will still find a checkmate. capital.
Often the mother receives the funds, but there are complex or even accidents. In the event of the death of the mother (2nd child), divorce with the loss of maternity rights, the funds are due to the father, but if both parents have died, the finances are provided to the child.
The child will be able to use the capital after reaching the age of majority and only for the purposes specified by law:
- Repayment of a loan (PF repays debt);
- Mortgage for the amount of maternity capital;
- Getting an education.
- Mom's pension.
- Social adaptation of children with disabilities.
If a husband and wife divorce occurs, the family capital is not divided. Even if the spouses decide to divorce, the subsidy remains to belong to its owner. It often happens that the divorcee thinks that he can sue or share the funds of the family subsidy. But when a divorce occurs, housing (acquired through subsidies) can only be considered for an even division.
When the program started in 2007, it was possible to spend - on housing, on the education of the child and the formation funded pension. Later they decided to use family subsidies to pay off the mortgage with maternity capital (pay off contributions). And in 2011, it was allowed to use money to transfer to the personal account of the certificate holder.
Thus, the family could build housing on their own. In 2015, restrictions on the use of mat money were lifted. capital, in order to pay down the down payment on the mortgage. Also, since 2016, a certificate can be provided for payment, technical devices and adaptation of disabled children.
We remind you that you no longer need to wait for a child for 3 years to get a mortgage!
How to take (technology)
The most popular way to dispose of mother's capital is to buy an apartment or a house. Let now, perhaps, you do not need it, but you can take real estate for the future and rent it out until the child grows up. The emergence of maternity capital dispersed the construction market and became an indirect cause of price increases, especially in the economy segment of studios, which essentially became an analogue of an investment deposit.
There are two options to buy a home with a mortgage and matkapital:
- buying an apartment with a mortgage. You can extinguish it in whole or in part at the expense of capital. (Must be your first installment, as a rule).
- Allocate funds from maternity capital to pay for mortgage payments. (Then, in most cases, own funds for PV are not needed, but there may be exceptions).
Mortgages under mother capital are now essentially represented by two legal lending formats:
- Mortgage with mat capital as PV. The technology is next. Mortgages are issued for the full cost of housing. As soon as a mortgage loan is received, it is necessary to urgently apply to the Pension Fund to transfer the mother's capital to the bank to pay off the mortgage. You wait two months for the transfer and pay the loan from the full amount. Next comes mat capital and reduces the debt to the bank. As a result, your payment or mortgage term is reduced (depending on the bank).
This option for using maternity capital is one of the ways. Other methods can be found in a separate post.
- Mortgage loan for maternity capital. A bank, MFI, developer or real estate agency can issue a capital loan to purchase real estate. The rest of the amount either you must have on hand, or you get it in a mortgage. After receiving a loan, you also go to the Pension Fund and wait for the transfer of funds to pay off the loan within two months. As a rule, an additional fee is charged for this service.
All other ways to cash out maternity capital are illegal. Be careful not to get in trouble with the law. We recommend a free consultation with our lawyer (form below) on how to use the mother's capital. This will save you time and money, as well as eliminate many problems.
How to get a mortgage under maternity capital - this question will be answered below.
It is necessary to use the program "Mortgage plus maternity capital ». It is available in almost all major small banks. In the next part of the post, we will talk about the conditions in a number of them.
Depending on the bank, the procedure is as follows:
- We agree with the bank.
- We are preparing a package of documents.
- We submit an application.
- Mortgage is considered from two to seven working days.
- We get approval.
- We are looking for a real estate option (you can buy an apartment on a mortgage in a new building, resale, buy or build a house, pay a share in a housing cooperative).
- We provide housing documents to the bank.
- We sign loan agreement.
- We get a mortgage.
- We register the transaction in justice.
- We are dealing with the seller.
- We urgently run to the PF and provide documents for the repayment of the mortgage to the mother
- We are waiting for a month for consideration of the application and 10 days for the transfer of funds mat capital
- We contact the bank for a new payment schedule.
In a mortgage with maternity capital, you can take:
- New building
- Resale
- Finished house
- Pay for building a house
- Math capital can be invested in housing cooperatives.
Minimum amount mortgages under maternity capital from 100,000 rubles (Rosselkhozbank).
A number of banks under this program require an initial payment of 5 to 10%. What are these banks and under what conditions you will learn further.
Requirements for obtaining a mortgage loan
There are no special conditions that are very different from those required by borrowers in other loans. In any suitable bank, an application for a mortgage is made, then it is considered by bank employees (1-3 days). Getting a mortgage is easy required documents and mortgage conditions:
- Stable average salary;
- Work experience, not less than one year;
- Work at the last place of work, at least six months;
- You must have certain documents with you - confirming your identity, solvency and employment;
- You need to have a certificate - family capital and a certificate of its balance;
- Down payment (in a number of banks).
In general, a normal level of earnings, a stable job and the right to use state assistance. By fulfilling the basic conditions listed above, you can make a mortgage with maternity capital. Is it possible to calculate what kind of apartment you can buy based on the average amount of money provided to pay off a loan per month? Of course, it is possible to calculate.
Use our mortgage calculator. It allows you to make a calculation, including taking into account the mat capital. It is used to calculate the monthly payment. You can understand how much to invest (invest) funds for a particular contract, whether it is profitable.
military mortgage
Still, upon receipt of maternity capital, it is possible to pay off the military mortgage. It became possible in 2012, a family member took out a military mortgage, now maternity capital can be repaid. It turns out that the military mortgage on the husband can be paid by the wife's subsidy.
Military mortgage maternity capital can work together, but there are a number of nuances:
- Under the terms of the military mortgage, it is assumed that housing will be owned only by the military, and the PF will require shared ownership, incl. and on children. Not every the bank will go for these freezes.
- It is profitable to direct maternity capital funds to military mortgages. At the same time, you can save money on NIS and then apply it when registering another apartment.
- As a down payment mat capital + military mortgage can be used, but it will be difficult to carry out such an agreement through Rosvoenipoteka and the bank.
To resolve these issues, you need to contact the bank or consult with our lawyer.
Top 5 bank offers
Sberbank
With the help of this bank, a housing under construction or finished housing is purchased on credit. There is the possibility of issuing a mortgage loan under the capital, and for the first installment or part of it. A mortgage loan under maternity capital is received on the following conditions:
- Amount from 300 thousand rubles.
- Rate from 8.9%
- Life insurance 1% of the amount (in case of refusal + 1% to the rate)
- Term up to 30 years.
The advantage of this bank is the ability to take into account additional income without confirmation. Sberbank issues the most a large amount mortgages, other things being equal, among other banks.
VTB 24
There is a program "Mortgage plus maternity capital".
- The amount is from 600 thousand to 60 million rubles.
- Rate from 9.7%
- Term up to 30 years.
- Insurance from 0.5%
It is worth considering that a mortgage using maternity capital is issued with a mandatory PV of 5%. This is a definite minus. But there is also a plus. VTB 24 does not take into account dependents when calculating solvency, and this increases the approved mortgage amount.
Uralsib
Mortgage with maternity capital is provided.
- Amount from 300 thousand.
- Rate from 9.9%
- Term 360 months.
- Insurance is very cheap from 0.2%
In Uralsib good rates. The bank does not look very deeply into the credit history, which will allow you to go through the mortgage if there were small “sins” with earlier payments on other loans. But the bank requires 10% PV to maternity capital if you have a bank form, and not 2 personal income tax.
Raiffeisenbank
Mortgage + maternity capital program:
- Amount from 600 thousand rubles.
- Gives a mortgage from 9.9% per annum,
- The loan term is 1-25 years.
- Insurance from 0.2%
Raiffeisen has very good rates. They, like VTB 24, do not take into account dependents, but if you have a bank form, then you need to have 10% PV own funds. You can take a cottage in the mortgage.
Rosselkhoz
Provides a mortgage under maternity capital on the following conditions:
- Rate from 9.4% per annum,
- A loan can be issued for up to 25 years
- The bank can borrow, in sum from 100 thousand to 20 million rubles.
- Insurance from 0.3%
Mortgage under maternity capital - provided for all programs of the bank. When applying for a real estate loan, you can buy: a house and a plot, an apartment, housing with participation in the construction, a plot of land for residential development, an unfinished object with land.
How to pay off a mortgage with maternity capital
The law allows the use of maternity capital for a mortgage. And parents, there are different ways to pay for it, even an existing mortgage.
Capital, most families (when divorced, single mother or father) is spent on an apartment in a mortgage, an apartment in a mortgage is the only chance for most families. But, it is worth knowing that the capital pays only the accrued amount payable. And the penalties imposed during the delay in payment can only be extinguished in cash. The mortgage in the father's name is covered by a certificate issued in the name of the children's mother.
When a mortgage loan is closed, with money from maternity capital, the borrower has the right to demand from financial organization, return part of the insurance premium. The conditions of a mortgage loan, obliges insurance, and the amount of annual insurance can be significant. Therefore, do not miss the chance to return some amount of money.
Often with a refund, there are no questions, but if suddenly something is not right. These issues are quickly resolved by contacting lawyers (fill out a special form in the right corner on our website).
And do not think that the option of attracting maternity capital will have a bad effect on credit history. The very fact early repayment loan will positively affect your credit history.
news
The head of the Federation Council of the Russian Federation, Valentina Matvienko, proposed extending the Maternity Capital program until 2025, which will help a large number of families receive support.
Also, do not forget about the allocation bill. We wrote about it earlier.
Outcome
Maternity capital with a mortgage is a very convenient and profitable way to solve the housing problem and even earn extra money. The capital invested in housing can bring a stable rental income. And if all legal conditions are observed during all procedures, then there will be no bad consequences and as a result, the family can greatly reduce the financial burden and improve the standard of living.
Maternity capital for the purchase of an apartment- it's really beneficial. It is a pity that in 2019 this program will be suspended.
What do you think this Last year mat capital? Unsubscribe in the comments.
January 2019
Absence living conditions or the need to improve them is a problem faced by a huge number of Russian families. To help resolve this issue, the state has adopted a number of programs aimed at increasing the availability of real estate for families with children. How to get a mortgage under maternity capital, where to start and where to go - answers to these and other questions can be found in this article.
How to get a mortgage loan for maternity capital?
One of the most popular options for investing a certificate is the purchase of real estate, which means:
- new flat;
- secondary housing market;
- ready private cottage;
- building a house with maternity capital;
- share housing cooperative.
Regardless of the option chosen, the conditions and principle of concluding a mortgage have standard requirements and a form. It is advisable to consider them in more detail.
Terms of receipt
The current legislation defines the right to use maternity capital to obtain a mortgage loan for the purchase of housing. However, in practice, not every owner succeeds in obtaining a loan.
The financial institution has the right to refuse applicants if they do not meet these requirements:
- the presence of a stable material income - this must be documented;
- seniority work in one place must be at least six months (at the same time, a number of banks, making concessions to families with children, have reduced this period by half);
- credit history- of course, it must look perfect, otherwise the chance of getting a loan is zero.
The level of material income should be understood as its legal share, while we are talking about all employed family members, since everyone will become the owners of housing in equal shares.
Note! If part of the family capital was previously spent for other purposes provided for by law, then it will not work to take a loan from scratch - the certificate can only pay off the existing debt.
Documents for a mortgage with maternity capital
To obtain the consent of the bank, the following documents will be required (submitted by the applicant personally):
- passport of the person for whom the loan will be issued, confirming the fact of having citizenship of the Russian Federation, since persons who do not have citizenship of the country cannot take part in this program;
- certificate of maternity capital for a mortgage;
- pension certificate about insurance;
- certificates proving the financial viability of the borrower - both statements on the amount of the main income are submitted, and all additional sources receipts of material resources;
- a document of the established form on the absence of debts to utilities.
In addition, documents on the sale and purchase of property, extracts from the BTI, and other technical papers, the list of which is approved by the bank on a personal basis, will be required.
Registration procedure
The procedure for the applicant at the conclusion credit mortgage under maternity capital - typical, practically does not differ from any other methods of acquiring a home in installments and looks like this:
- An apartment or other living space is documented as property.
- banking organization transfers money to the account of the seller.
- The apartment, being collateral, retains this status and is owned by the bank until the entire amount, taking into account interest rates, is repaid by the borrower in full.
Step-by-step algorithm of actions of parents:
- Collect required package documents, certificates and approvals.
- Contact the pension fund of Russia. It is this organization, having considered the applicant's application, that will make the final decision - to refuse or allow the borrower to use the possibility of a mortgage investment. The term of consideration is about 2 months. This period is necessary to check all submitted documents. If any of them do not correspond to the established samples, the application may be refused.
- Signing an agreement with a banking institution - the document is a confirmation of parental consent to the shared or full transfer of family capital to a bank account as an entry fee or payment of a current payment.
Upon the transfer from the pension fund, the credit institution will recalculate the monthly payment schedule and reduce the amount of one-time contributions.
There are two parties in the contract - the bank and the spouses. Legally, they receive the status of co-borrowers. Since the signing of the agreement, they are controlled by two structures - the pension department and the institution that issued the loan.
Maternity capital as a down payment on a mortgage
The presidential law adopted in May 2015 (Federal Law of the Russian Federation No. 131, in particular articles 7 and 10 of it) regulates the right to dispose of the certificate as an initial mortgage payment. This amendment saved families with children from having to wait for the child to reach the age of three.
Before going to a bank branch to conclude an agreement on a certificate, parents need to consider the following nuances:
- it is possible to apply for a program operating within the framework of a financial organization with the repayment of an initial contribution by maternity capital only when the document is in hand;
- meet the basic requirements for income share sizes, which should be sufficient to service the loan (if it is not enough, additional co-borrowers can be attracted);
- the family cannot be the owner of any other housing;
- already upon making the down payment, the right to own the acquired property is distributed among the whole family in equal shares;
- the main payment for the certificate cannot be made if land plot, where the housing is located, does not have the status of individual housing construction.
After signing the agreement, the bank will make all the calculations, determine the amount of the loan and the amount of the first payment, which will be closed by capital. After the installment is made, the total loan amount will decrease by the amount of the payment made. The bank employee will calculate new plan paying off the balance of the debt.
Using maternity capital to pay off a mortgage
On average in the regions, the size of the certificate is from 20 to 40% of the total cost of the apartment. To use it for its intended purpose, parents will have to perform the following algorithm of actions:
- find funds from other sources of income to pay the entry fee - this is at least a fifth of the total cost of the loan;
- go through the registration procedure, sign an agreement with a banking institution;
- after all the formalities are completed, you will need to draw up a statement proving the fact of ownership of the object real estate(the document has legal force only after it is certified by a notary);
- registration of a loan in a single state register, which can be confirmed by an official extract from the USRN - it is issued to the owner in the hands;
- the intended use of the certificate for repayment of debt obligations to the bank (for this, the credit institution must issue a certificate to the borrower, which will reflect the total amount of the debt under the agreement);
- after that, the owner of the certificate signs a document where he assumes the obligation to register the second parent and children as equity participants with equal rights (this must be done six months before the repayment of the debt to the organization and the cancellation of the encumbrance from the acquired housing - the document must also be notarized);
- filing an application for the right to use family capital at the address of the district department of the pension fund (after the borrower is issued a certificate of imposing loan obligations on him, all prepared documents are also submitted to the Pension Fund).
How to calculate a mortgage with maternity capital?
A mortgage calculator will help you quickly calculate a mortgage with maternity capital. This program is easy to use and available in every financial institution, which is accredited by the state and participates in the maternity capital lending program.
There are two ways to use the calculator:
- do it yourself on the official page of the bank;
- contact the organization in person, where an employee of the institution will explain everything on the spot.
The program is purposefully designed so that the borrower can, without leaving home, control the overall picture of the state of debt obligations, as well as ensure that all payments are repaid according to the schedule, which can be printed on the website.
Step-by-step instructions for calculating a loan loan:
- go to the online banking website;
- go to the "calculator" section;
- fill in the cost of the apartment;
- write down the amount in rubles that you are willing to pay as entry fee;
- term mortgage lending- indicates the number of months;
- indicate interest payments;
- choose the type of repayment - it can be annuity (when the amount of the monthly repayment is a fixed amount, it does not change depending on the debt already paid) and differentiated. In the second case, the amount of regular payments works to decrease as the main debt obligation is repaid.
After all the fields are filled in, if everything is done correctly, after pressing the "calculate" button, a graph will appear on the desktop.
It will contain the following data:
- the total amount of the loan;
- the period during which it must be paid in full and interest at the rate;
- repayment method;
- the total amount payable, taking into account the overpayment.
Let's look at an example.
The loan amount will be 8 million rubles. The starting fee is 1 million. The term of the mortgage is 18 years. Interest rate offered credit institution- 12% per annum.
- If you pay in a differentiated way, the amount of the overpayment will be 7595000 rubles, and the total amount will be 14595000, respectively;
- With a fixed repayment - 1011488.32 rubles, and the total amount of the loan - 17115088.32 rubles.
Which banks give mortgages for maternity capital?
Mortgage with the attraction of maternity capital is great way improve the quality of living conditions or acquire new apartment. Almost all large banking institutions licensed to carry out activities in the territory of the Russian Federation will accept a certificate as an initial contribution to mortgage lending.
The largest banking structure Russia is quite loyal to the design of loans for maternity capital. It is very popular and offers the following conditions:
- funds can be received only in the national ruble currency;
- the size of the financial rate for this credit item starts from 8.9%;
- the maximum allowable maturity of the debt to the bank - 30 years;
- the amount of the down payment cannot be less than 25% of total amount loan
- The maximum allowable loan amount is 30 million rubles.
A distinctive feature of the financial policy of Sberbank is that it does not take into account the categorization of real estate acquired by a family with children. This may be the secondary market, which according to statistics is the most attractive niche of the real estate market for this category of citizens, a private building or a new apartment.
The main condition of the organization is all sum of money from the certificate must be transferred to the bank no later than 6 months from the date of signing the contract and the official conclusion of the purchase and sale transaction.
VTB 24
VTB 24 is a commercial structure that has been holding the honorable second place in popularity among our compatriots for more than 10 years. Both borrowers and investors work with him. The bank concludes contracts for maternity capital for any type of housing. Although this factor is considered significant, it is not decisive.
The operations of signing an agreement under this article are carried out on the following credit conditions:
- loans are issued only Russian rubles;
- minimum size repayment rates - 9.5%. At the same time, in the process of debt recovery, under the influence of a number of factors, its value can be revised downward. For example, with early payments or with the help of state support, which assumes part of the obligations;
- the maximum duration of the mortgage is 30 years;
- minimum initial deposit - 20% of the total amount specified in the contract;
- the marginal value of real estate is 30 million rubles.
The bank offers two programs within the scope of the certificate:
- acquisition secondary housing under its collateral value;
- buying a new property on the market.
These programs are subject to a minimum interest rate- 9.25%, loan term - up to 30 years, maximum amount - 26 million rubles.
- the presence of citizenship of the Russian Federation;
- parents must be legally married;
- the parents of a married couple have the right to act as co-borrowers;
- type of family income - official and documented;
- none of the family members should have their own business;
- at the time of conclusion of the contract, the parents should not have other loans related to housing purchases.
Bank opening
Three programs launched:
- New building - interest rate of at least 9.7%. Loan term: minimum - 5 years, maximum - 30. Entry fee - at least 10% of the total amount. Designed to buy a new home.
- An apartment is the best solution for those who want to buy real estate on the secondary market. The starting rate is 9.7%. The maximum repayment period is 30 years. Initial payment - at least 10%.
- Free meters - individual construction. The rate is from 10.7%, the term is up to 30 years. The first payment is 20%.
For all programs, the maximum loan amount is 30 million rubles. The package of documents is standard.
To all parents planning to spend the certificate on solving their housing problems, it should be understood that maternity capital has a state nature of formation, therefore, the material resources that it replaces should be directed only to specific costs associated with the purchase of real estate. This does not include rent, repair, reconstruction of an already owned apartment.
If the subject of the investment of the certificate is the repayment of the initial mortgage contribution at his expense, or this payment will be used to pay the main part of the debt, you should not forget to inform the pension department about your intentions and obtain its consent. This must be done no later than 6 months before the planned date of concluding a sale and purchase transaction and signing an agreement with the bank. This is because all payments from state budget countries are planned only for half a year.
Often there are situations when a certain share of the funds from the capital has already been used for other legitimate needs of the family, and the remaining part is not enough for the down payment. The only solution in this case is to reduce the existing debentures under a previously concluded mortgage agreement.
And finally, before you go to a banking institution, you need to carefully study the market credit programs and suggestions, choosing the best option.
As for the housing itself, the chosen construction program largely determines how profitable the monthly deduction plan will be, the price of the mortgage itself. For example, participation in the program shared construction although it is associated with certain risks, the family can receive an additional bonus from participating in such a project in the form of extra square meters area of his future new apartment.
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Today, holders of a family certificate can take a mortgage under maternity capital. We are usually talking about young families with 2 or more children. Many banks offer not only the opportunity to use maternity capital when applying for a mortgage, but also preferential lending terms. This process is not easy, it requires the participation of a bank, a borrower, a real estate seller (or a developer, if real estate is purchased on the primary market), as well as Pension Fund, which, in fact, transfers maternity capital to the bank.
The maternity capital program started in 2007. Families can still get certificates today. The validity period has so far been extended until the end of 2021, but it is quite possible that the Government of the Russian Federation may extend this period again.
Not everyone can get financial support- the certificate is issued to families in which the 2nd or subsequent child was born after the start of the program.
Maternity capital is a subsidy from the state, which must be used for the purposes stated in the legislation. The list changes over time. For example, in 2018 it became possible to receive monthly payments for a child under the age of 1.5 if the family is experiencing serious financial difficulties.
For Russians, one of the most pressing problems is buying your own home. Accumulating the required amount quickly is very difficult, so young people are increasingly turning to the bank for money. A mortgage with maternity capital is a great chance to somehow reduce the financial burden. Recall that at the current moment (2019) the amount of assistance is 453 026 rubles. And you can buy real estate on them with the involvement of borrowed money or on your own. In the second case, you will have to wait until the child is 3 years old, and in the first case, no.
A mortgage under maternity capital can be issued in two formats:
- the subsidy is used as a down payment;
- part of the current debt is repaid with capital (it can only be used to pay off the principal debt or interest, use to cover fines and penalties is not allowed).
By the way, now maternity capital can also be applied to refinanced mortgages, the main thing is that this goal should be spelled out in the contract.
Registration procedure
For people who have not dealt with a mother's certificate before, it is not clear how to get a mortgage using a subsidy. Here it is better to adhere to a clear algorithm in order to avoid mistakes and save your time and nerves. The procedure is as follows:
When buying real estate with the participation of borrowed funds, the conclusion of the contract of sale is carried out along with the signing mortgage agreement. If the borrower wants to additionally use the parent certificate to pay off part or the full amount of the down payment, then the bank will have to confirm the availability of funds.
The FIU employees are responsible for issuing the certificate, tracking spending and transferring funds. They also, if necessary, issue a certificate of the balance of funds to the owners of the capital. First, a person draws up an application and attaches a package of documents to it:
- Russian passport;
- SNILS;
- birth certificate for the child for whom the capital was received;
- the certificate itself.
It is better to prepare copies of all papers and transfer them to the FIU officer (otherwise they will do it themselves). After submitting the application, the certificate will be issued within 3 working days.
Contacting the bank
When the certificate is in hand, you can apply to the bank with an application for a loan. It is better if the property has already been selected, and its value is known. Then it remains only to indicate the size of the mortgage, down payment and the term of the loan.
Many banks offer their customers to apply for a mortgage online. In this case, it is enough to fill out a questionnaire and wait for a preliminary decision.
After some time (sometimes on the same day, sometimes later) with potential borrower a bank employee contacts and clarifies the details of the transaction. It is important to warn that part of the first installment will be paid by maternity capital.
It is important to understand that the transfer of money from the Pension Fund does not occur immediately - this procedure takes 1-2 months. Only after their transfer, the debt to the bank in this amount of funds will be repaid. How does this affect the borrower? Until the installment is paid off, the amount of the monthly payment may be higher than originally estimated.
Time of consideration of the application for a mortgage in each bank is different. Therefore, it is better to clarify the information with a specialist. If, after analyzing the borrower, the decision is made in his favor, then the loan is approved for him.
Next, a loan agreement is drawn up between the bank and the borrower. At the same time, a contract for the sale of real estate is drawn up. After that, you need to take a certificate from the bank, indicating the registration of the mortgage. Without it, it will not be possible to receive money from maternity capital - the application will simply be rejected.
You can order the relevant certificate even at the stage of signing the documents, so as not to wait for it later. If you apply for it at a later time, then you need to take a Russian passport and the original of the mortgage agreement with you.
reference single form does not have - banks usually use their own form. The document specifies the number of the concluded agreement, the loan amount and information about all borrowers (for example, spouses). It is important that the certificate indicates that it was drawn up for presentation to the Pension Fund.
Registration of the obligation at the notary
Please double-check the information you have filled out before applying. After all, it will depend on whether they accept it or not. Otherwise, you will have to rewrite the application again and contact the Pension Fund employee.
By the way, now for certificate holders it is possible to apply directly through the website of the Pension Fund for those who have on their official website Personal Area(requires registration on the portal of public services). After that, the applicant is assigned a day to submit a package of documents.
You don't have to wait for an answer to your application right away. Documents are considered by specialists within 1 month. They have 5 more days to notify the applicant. After that, the money is transferred not to the owner of the certificate, but directly to the bank where the mortgage was issued (about 10 more days). When the funds are credited to the account, they will be credited towards the repayment of the first installment. This will allow you to recalculate and reduce the amount of the monthly premium.
When the money arrives at the bank, it is better to contact the branch again and request a new debt repayment schedule. Then you will have an official document indicating the amount of the monthly contribution.