Validity period of a mortgage with state support. Rules for obtaining a preferential mortgage loan. What does it mean

In Russia, there is a social mortgage for poor people. This is a whole range of activities designed for people who are unable to get a loan under normal conditions. Mortgage with state support, for all its merits, involves a number of severe restrictions.

Let's see what programs are operating in 2019, what are their main nuances.

Forms of state subsidies

Mortgage programs with state support (social) allow people with low incomes to borrow from the bank a large amount needed to purchase a home.

Part of the costs is covered by the state.

There are several forms of social subsidies:

1. Lending with a decrease in interest rates at the expense of the budget.
2. Issuance of state support for part of the cost of the apartment.
3. Providing a subsidy for the purchase of housing from the social fund in installments.

Each of these types of assistance has its own subtleties and nuances. In addition, the country has several programs aimed at different groups of the population. For example, young families, the military, state employees and some others are separately credited.

You can only receive state support for one program. This does not apply to the use of maternity capital.

Goals of state support for mortgages

The essence of the program is as follows:

1. Creation of conditions for the growth of well-being of the poor and other vulnerable categories of citizens.
2. Activation of the real estate market, banking sector.
3. Stimulating the construction of comfortable social housing (investment).

Five profitable programs

Mortgages with state support have been provided for several years. In 2016, the conditions changed slightly. They remain the same for the current period. When choosing a program, you should focus on the group for which it is written.

Let's take a look at the main features of the five most popular projects.

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Young family

A mortgage repayment certificate is provided to spouses who have not crossed the 35th anniversary. In addition, the family should be in line for improvement of living conditions in the local administration.

The amount of the subsidy depends on the composition of the applicant's family:

1. Childless couples will be given an amount equal to 35% of the total cost of housing.
2. For families with children - 40%.

This type of support is used for a down payment on a mortgage or as an addition to the amount already available for the purchase of an apartment.

You must prove your ability to pay your share:

• income statements (of a certain level);

• a document stating that the principal amount is available (bank statement).

Military lending

Servicemen who signed the contract later than 01/01/2005 receive a certain amount annually to their personal account. You can use it, for example, to make a down payment, after three years.

Only needy defenders of the Fatherland are provided with this subsidy. Police officers are equal to the military. They are entitled to a subsidy only after 10 years of service.

Banks issue mortgages to military personnel with the condition of its repayment until the age of 45.

Assistance to young scientists and pedagogical workers

Citizens who have devoted themselves to work in the field of science and education are also entitled to a mortgage with state support.

It is designed mainly for young people. The applicant should not be more than 35 years old, for doctors of science, the age is extended to 40 years. These citizens are required to confirm that they need to improve their living conditions, in accordance with the law.

The certificate for state support can be used as a down payment. The program also applies to teachers up to 35 years of age. They are issued a mortgage at a minimum percentage of 8.5. In addition, the budget pays a lump sum of 20% of the total amount.

But the teacher is obliged to immediately pay 10% of the cost of the apartment.

Social program

Any citizen of the Russian Federation who has proved the need to improve housing conditions can use it. The program is implemented in three ways:

1. Acquisition of apartments from the social fund, the cost of which is 1.5 - 2.5 below the market value.
2. Reducing the interest rate at the expense of the budget.
3. Subsidized down payment.

The beneficiary himself is obliged to have 10% of the total amount in the bank account.

Only an officially employed citizen can take part in the social mortgage.

mother money

Quite often, families with children use the funds allocated by the state after the birth of the second and subsequent children to pay off the mortgage.

The certificate is allowed to be made as a down payment or to repay the balance of a previously issued mortgage.

Compatible with other types of social lending at the expense of the budget.

General conditions of all state programs in 2019

There are a number of conditions that the beneficiary and their proposed new home must meet.

1. Budget funds are spent only on the primary housing market (with the exception of the military).
2. Entry fee - from 20% (except for young professionals).
3. Annual rate - up to 12%
4. Mortgage is issued only in the state currency.
5. The loan term is limited to 30 years.
6. Mandatory property insurance.
7. Calculation of the area of ​​future housing according to the established formula:
   • 32 sq. m. per citizen;
   • 48 - for two;
   • for each next family member, 18 square meters are added. m.

Citizens pay for additional space on their own.

Five profitable offers and their conditions in 2019

Many financial institutions are involved in government activities. Their proposals differ in certain nuances.

Common to all is the following: the state mortgage program imposes restrictions on financial institutions. Cooperation with the budget does not allow including additional conditions in contracts aimed at increasing the bank's income.

Bank programs fully comply with the rules and restrictions established by government regulations regarding the choice of housing, loan terms.

Sberbank conditions

This financial institution has been providing government-supported mortgage loans for several years. The conditions for 2019 are practically the same as before:

• rate 11.4%;

• registration in the amount of 300 thousand rubles;
• the maximum amount set by the Central Bank: up to 3 million rubles. in the Russian Federation, up to 8 million rubles. - in Moscow and St. Petersburg;
• down payment - from 20%
• issued to citizens over 21 years of age;
• the monthly contribution should not exceed 45% of the total family income.

"VTB"

We give only conditions that differ from those already mentioned for Sberbank. VTB allows early repayment of debt. There are no additional fees for this.

This financial institution raised the initial contribution to 40%. But there are two attractive conditions:

1. Minimum documents for registration: passport and official data on income.
2. The co-borrower program allows you to bring in relatives.

Rosselkhozbank

The rate has been reduced here. It is only 10.9%. From the first month you can pay the entire amount, penalties and fines are not provided.

The age of the mortgage borrower does not depend on gender. The main condition is that the person must return the entire amount to the bank before the 65th anniversary. However, the bank takes up to 90 days to decide on the approval of the application.

If the client refuses insurance, the rate automatically increases by 7% (becomes normal).

"New building"

A project financed from two sources: the budget and citizens' incomes. It is aimed at people with low wages. Granted the right to cover debts:

• maternal money;
• tax deduction.

What is a tax deduction

Each taxpayer can apply to the tax authority to get back part of the amount spent on the mortgage. The budget receives part of the money from the transaction - the tax. He will return 13% of what is listed to him.

According to the legislation, mortgage amounts are limited to 2 million rubles. That is, 260 thousand rubles can be returned from the main fee. (13% of 2 million). But interest payments are not limited.

Interest payments are calculated as follows:

The amount of interest payments on the loan x 13% = tax refund.

If you spent, for example, 450 thousand rubles, then they will return to you:

450,000 × 13% = 58.5 thousand rubles

The operation is not automatically carried out by the state agency. You should apply to the tax office with a statement.

Bank of Moscow

Provides a loan at 14.7%. But the return period has been significantly increased - up to 50 years. The amount is increased for residents of the capital. It is 8 million rubles. Initial payment - 20%. Works with the budget on all issues.

Additional mortgage costs

These include:

1. A visit to a notary in order to draw up documents (the amount depends on the region).
2. Appraisal of housing (under the contract).
3. Purchase of insurance policies.

The above operations are the requirement of banks. They are not against the law.

Universal algorithm for obtaining a mortgage - 5 simple steps

Lending with state support is practically no different from the usual procedure for obtaining a mortgage.

All actions are strictly scheduled. They look like this:

Step 1: Collection of documents

This is the most important step. Rushing is not recommended. Read the legal requirements carefully. Make photocopies of the IDs of all family members. Collect certificates of income, property, current housing. Don't forget to check the State Aid Certificate. Some banks require proof of employment. You need to ask the administration of the enterprise for a work book or a certified copy of it.

The number of securities depends on the conditions of the credit institution.

Step 2. We select a bank

Here the conditions and preferences of the borrower are important. The main data that require close consideration are given above. You should evaluate your strength when considering the rates and the percentage of the amount that you want to deposit immediately.

Step 3. What will we buy

Citizens using the budget guarantee are limited in their choice of apartments. It is allowed to invest money only in new buildings. As a rule, their circle is limited. Banks cooperate with their developers, who, in turn, receive budgetary funds. In this way, the state protects its money.

The easiest way would be to talk to the bank, ask for their recommendations. Based on them, choose an apartment to your liking and means.

Feel free to ask five times about those houses that you like more than those offered.

Step 4. Drawing up an agreement with the bank

When all approvals have been passed, housing has been found that satisfies the conditions put forward, the loan agreement should be deducted.

Look carefully at the sections printed in small print.

There may be hidden future troubles in the form of consent to a fine in case of delay in payment for an hour and the like.

Ask if the agreement includes a condition for the early repayment of the mortgage. This may come in handy later.

Step 5. Registration of ownership

After the transfer of money, the buyer should fix his right to the property.

To do this, the contract of sale must be taken to the Rosreestr branch. There it will be fixed, which will give additional guarantees for the property.

Until the payment of the entire debt, in fact, you will use housing owned by a credit institution. It's in there on hold. Therefore, it must be insured.

The bank's right to an apartment is legally registered as a mortgage. The paper is issued by a notary, it is stored in the bank. This document guarantees the return of the invested amount to the financial institution.

A mortgaged apartment cannot be sold, donated, and the like. In the most critical cases, experts should be consulted.

Results of mortgage programs and development prospects

The effectiveness of cooperation between the budget and citizens in obtaining mortgages has been proven by the activities carried out.

So, in 2015, an increase in the provision of residents of the country with their own meters was recorded. The indicator rose from 22 square meters. m. per person up to 24 sq. m. m. The proportion of families who can afford to purchase a new apartment is also growing.

In that year, it rose by 30%.

1. The main positive outcome was the ability of people with low incomes to solve the housing problem.
2. The loan is issued for long periods, overpayments on it are small.
3. The payment schedule is loyal.
4. The interaction of people with banks is under strict state control.

Negative points

Cons, unfortunately, not all are overcome.

1. Some lenders delay the application process.
2. The list of required documents is still significant.
3. There are cases when a credit institution is in no hurry to issue mortgage money.

At the same time, there is a growing interest in this type of cooperation among citizens. People are beginning to trust state guarantees for the purchase of housing.

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Last changes

From April to the end of November 2018, Russians could apply for a soft loan to buy a finished wooden house from the manufacturer. The state provided the necessary subsidies to banks, covering 5% of the initial interest on the loan.

Our experts monitor all changes in legislation in order to provide you with reliable information.

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Mortgage with state support

February 4, 2017, 01:57 Mar 3, 2019 13:50

From January 1, banks stopped working on mortgage programs with state support. Despite government promises to continue subsidizing interest rates at least until March 1, 2017, the state program has been completed. However, construction companies claim that they have already found ways to compensate for the lack of state support - from various joint programs with banks to independent promotions and discounts.

Completion of work on the state program "Izvestia" was confirmed in the construction companies Urban Group, FGC "Leader" and several others.

To date, the program has not been extended, and from January 1, banks do not offer mortgage programs with state support, - said Yana Maksimova, director of information policy and PR at Urban Group.

The press service of VTB also announced the completion of the state program to subsidize mortgages. In this regard, the acceptance of applications by banks VTB and VTB24 under the mortgage subsidy program was completed on December 31, 2016. At the same time, VTB noted that customers who applied under the subsidy program before the end of 2016 and receive the bank's approval now will be able to use it and receive loans under the current program conditions until March 1. But mortgage applications submitted to VTB and VTB24 after January 1, 2017 are considered under the terms of standard bank products.

It should be noted that at the end of last year, representatives of the Russian government made several statements about the possibility of extending preferential mortgages. In particular, in early December, First Deputy Prime Minister Igor Shuvalov, at a meeting between Prime Minister Dmitry Medvedev and deputy prime ministers, announced that the state program would be extended until March 1, 2017. Deputy Prime Minister Dmitry Kozak, in an interview with the Rossiya 24 TV channel in December 2016, said that the state "spent 10.7 billion rubles on subsidizing the interest rate on mortgage loans, and the government will continue to move in this direction."

At the same time, the Minister of Construction and Housing and Utilities, Mikhail Men, over the past year, has repeatedly expressed the opinion that the state program was effective when the key rate exceeded 17%. Then the difference from 12% per annum under the state program was noticeable. And now banks without state support are ready to issue mortgage loans at almost the same interest rates as with state support. Therefore, according to Mikhail Men, the continuation of the state program in its current form in 2017 will be inappropriate.

The banks noted that no official orders had been received from the government to extend the mortgage subsidy program, and thus the program ended.

In construction companies, in fact, they agree with the Minister of Construction. Representatives of developers interviewed by Izvestia said that they are already ready to offer buyers conditions almost better than under the state-supported program. Thus, Pavel Timoshenko, head of the Mortgage and Subsidies Department of the Lider Financial and Construction Corporation, said that now banks have developed their own programs that allow you to purchase an apartment on a mortgage on favorable terms. For example, VTB operates at a rate of 10.85% per annum with a minimum down payment of 15% of the purchase amount for up to 30 years. A joint program with SMP Bank allows you to take a mortgage without a down payment. At the same time, home buyers will receive funds from the developer to their current account in the amount of the current discount.

Yana Maksimova from Urban Group says that, together with VTB, the company is ready to offer its customers a mortgage at a rate of 10.6% (that is, lower than it was under state subsidy programs) with an initial payment of 15% per annum. The company is also ready to provide the client with “mortgage vacations” for one of its projects - buyers will receive bonuses in the amount of 20% of the cost of the apartment, which can be used to pay off the mortgage during the housing construction period.

Pavel Sigal, First Vice-President of Opora Rossii, assumes that at the end of the state program, most mortgage loans will be issued at rates in the range of 13-14%.

This will encourage developers to cut prices or organize special promotions to prevent a drop in home sales. In conditions when the incomes of the population have been declining for the last 25 months in a row, in the mass segment, the main burden of the state's refusal to subsidize mortgages will be assumed by the developers, - he believes.

Partner of the consulting company Colliers International Vladimir Sergunin believes that the abolition of state support for mortgages in general will not bring positive to the residential real estate market, especially in the comfort and economy class segment. To a lesser extent, the abolition of state support will affect the market for business and premium new buildings. Thus, according to the expert, in the business class, the share of transactions involving mortgages in 2016 decreased compared to 2014 and 2015, amounting to 15–16% of the total number of purchase and sale transactions. Also, the abolition of state support, Vladimir Sergunin believes, will not affect the apartment market, which has been actively developing in the past year, since mortgage benefits did not apply to it.

The Government Decree of the Russian Federation dated March 13, 2015 provided for special measures aimed at restoring a stable situation in the residential real estate market in the country. As part of the developed program, the largest banks with which the state cooperates received a certain amount of money, the target of which is servicing housing loans.

Mortgages with state support in 2017 and the conditions for obtaining throughout the entire duration of the project remained the same. Given the recent economic crisis, the program has actually achieved its goal, thanks to which there has not been a complete collapse. Developers continued their activities, and the population did not lose the opportunity to purchase housing on a mortgage.

If you look at the statistics, already in 2016 the number of borrowers increased by 48% thanks to state support. In turn, even then, it was predicted that annual interest rates on housing loans would decrease by 8% without state support. Nevertheless, for many, this particular project has become a timely way out of the current situation, which is important on a national scale.

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What are the rules for granting

Banking structures have reduced their interest rates thanks to the government of the Russian Federation by compensating a certain part of the interest. However, certain restrictions were also set here, for example:

• Interest rates for borrowers are not more than twelve percent per annum, but only if an insurance contract is concluded (if not, interest rates will be significantly higher);
• A ban on increased mortgage prices for borrowers who fulfill their obligations under a loan agreement in good faith;
• The maximum mortgage repayment term is thirty years;
• Payments are made by the borrower monthly in equal installments;
• The maximum loan amount is no more than three million rubles (eight million for federal settlements).

Only those categories of citizens who are approved by the framework of the social program and are the most significant segments of the population for the country could apply for a mortgage with state support, including in 2017. However, banks have the right to make their own decisions as to who to issue such a loan and who not. This is important given the fact that the project's budget is limited.

What are the terms and conditions of banks?

In 2017, the list of conditions for obtaining a mortgage with state support is as follows:

To whom it is provided and forecasts

When citizens, young families, families with many children need to increase their living space or purchase their own, the state provides an opportunity to receive a housing subsidy.

Who can apply:

• Some civil servants (defence);
• Young families with children;
• Budgetary employees, for example, teachers, scientists;
• War veterans;
• Persons with disabilities and dependents of persons with disabilities.

In addition, in 2017, state support is provided to immigrants from the Far North, and the program for issuing maternity capital continues to operate, the amount of which increases annually. For different categories of the population, banks have different mortgage programs, supported, among other things, by the government.

If we talk about mortgages with state support in 2017, the terms of which are very favorable for borrowers, it was extended until March of this year, after which we are talking about closing the project. This decision was made for two reasons: the goal of the program has been achieved, the mortgage market has revived, and the allocated budget has exhausted itself. Despite this, many experts predict that due to reduced bank interest, demand will remain at an elevated level, and the need for such state support will disappear. On the other hand, given the human factor, some reduction in requests can still be expected.

List of conditions

Mortgages are quite often supported by the government in the form of various social programs. Moreover, new projects are constantly being developed, although interested citizens in preferential categories in 2017 can be sure that they will be provided with assistance from the state, provided that they are conscientious payers and citizens in general.

Many state-supported banking institutions in 2017 are making a number of offers for potential customers who wish to receive a home loan. They are subject to the following conditions:

The above conditions are basic and apply to each banking institution participating in such a program. It is impossible to purchase housing through a private person on a mortgage under the state program.

About partial payment

To date, the project does not set deadlines for making early payments in the form of state debt write-offs. This is an important point, since until recently there were such restrictions and they were equal to three months from the date of approval and issuance of a housing loan. Moreover, the fixed amount of the minimum payment, which used to be in the amount of fifteen thousand, has now been canceled.

In order to take on the purchase or construction of residential real estate, a borrower who belongs to one or more of the preferential categories listed above must contact the branch of the lender's bank at the place of his residence or location of housing to submit an appropriate application and clarify the list of required documents. In each individual case, the list for mortgage lending will be somewhat different, since the categories of borrowers are not the same, as are the region of residence, real estate, the term for issuing a mortgage, and the loan amount.

Be sure to prepare documents that confirm the decline in income and certify the fact that this happened through no fault of the borrower. The Bank considers all received requests and has the right to independently decide which of them to transfer further to the state body, and which ones to refuse.

Offers for today

Sberbank offers two state-supported lending programs - Young Family and Maternity Capital. Newlyweds can take money at 11% per annum for 30 years. At the same time, it is possible to conclude an agreement without documentary evidence of income. For women who have given birth to a second child, there are programs “Acquisition of finished housing - Single rate” and “Acquisition of housing under construction”. At the same time, the cost of servicing a mortgage starts at 10.75% per annum. But the borrower is obliged, no later than six months later, to write an application to the Pension Fund for the transfer of maternity capital to repay the loan.

Conditions for mortgages with state support differ in other banking structures. VTB-24 gives money at 11.4%, and the minimum amount is 600,000 rubles. Similar conditions are put forward by Gazprombank, Globeex and other credit institutions. Almost every credit institution issues mortgages under the state support program. The only difference is in the scheme of transferring public money. With a total amount of mortgage loans of 300 million rubles, interest compensation comes directly from the budget. For small organizations, AHML acts as an intermediary, but for the buyer of an apartment this does not matter. It does not concern the “inner kitchen” of financiers, and the transfer procedure does not have a significant impact on the cost of service. For buyers, it is much more important that the market expects rate cuts in the near future. And even those who took out a mortgage at 15-16% in 2013-2015 have the opportunity to refinance.

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The purchase of real estate is one of the largest transactions of an ordinary citizen. Even a small percentage of the purchase amount is a significant part of the family budget. A mortgage, as a way to buy housing in installments, is the most popular way to acquire square meters. That is why such a product as a mortgage with state support is invariably in demand. This review is devoted to the definition of categories of beneficiaries and the evaluation of specific proposals.

What is mortgage support?

Buying a home with a mortgage implies a contract with a bank, according to which the borrower pays for the purchased housing in equal installments during the loan period. The amount of the monthly fee includes not only a share of the cost of the meters, but also the bank's commission, the account maintenance fee and other additional services included by the bank or the client. In particular, it can be insurance. Some differences in the packages offered by banks may appear:

• the presence or absence of a requirement for a first installment and its amount;
• the obligation to provide additional collateral or a guarantor;
• list of required documents for approval;
• one creditor or a couple of spouses-co-borrowers.

The essence remains the same: the client must repay the amount of debt with his own funds: money or real estate, if such an opportunity is allowed by the bank. State-supported mortgages are a separate situation: part of the costs is covered by the state, confirming in practice the government's instructions to support the population in terms of purchasing housing. This support can be implemented in the form of:

• payment to the bank of interest on the loan in whole or in part;
• the real amount of the first or last installment transferred directly to the bank in order to avoid fraud;
• transfer of low-cost social/preferential housing as an object of purchase under a mortgage agreement.

The practice of such state support for mortgages is already quite common. And according to the assurance of the government and representatives of large banks, state support will continue in the same direction in 2017: mortgages for certain categories of citizens will be provided on favorable terms.

Who can count on government assistance?

The stereotype that it is incredibly difficult to get approved for a loan is common. All the more incredible is state support for mortgages. In fact, many banks have preferential products, and in parallel, the list of citizens who are entitled to state support in 2017 is growing: mortgages for such categories are much cheaper. Search if there is a suitable preferential mortgage in the list of bank offers in 2017:

• couples with and without children, suitable for the category “young family”;
• large families;
• military personnel active and in reserve for whom a military mortgage has been developed;
• civil servants of certain categories;
• specialists sent to work in specific regions or considering the possibility of moving;
• scientists and workers sent to serve in science cities or cities of a closed / conditionally closed type;
• beneficiaries in various fields.

Housing assistance is the most necessary state support for many categories of citizens: a mortgage with a low interest or even interest-free, a down payment, which is difficult for many to find funds for, for many is the only chance to afford their own footage. The proposed state support in 2017 is a mortgage that motivates the implementation of important projects across the country: increasing the birth rate, forming a contract army, stopping the “brain drain” abroad, re-equipping distant regions with qualified personnel or even developing them. It is necessary to understand: just like that, the country will not invest budgetary funds. Low rates and subsidies must be earned. As well as it is impossible to lose sight of the second fact: with the funds provided by state support, the mortgage must be issued and repaid on time. Any inappropriate spending, as well as uncleanliness in terms of the contract with the bank, will lead to the most serious consequences: the obligation to repay the loan with your own funds and penalties.

Mortgages with state support in 2017: the best offers

The most unpleasant fact for those who were interested in state-supported mortgages in 2017 was the non-extension of one of the most popular programs for buying housing in new buildings by young families. But this is perhaps the only package that can no longer be counted on. Mortgages with state support for other categories of citizens are provided in the same volume as in previous years. In 2017, mortgages with some form of assistance from the state will be issued by most banks that have a state license. We will consider some packages as an example of state support for mortgages in detail. Details of other offers can always be clarified in the banks of your own region.

Program "Young families" in Sberbank

The largest bank in the country traditionally receives the greatest powers in terms of issuing preferential loans. Mortgages with state support in Sberbank are provided to state employees, civil servants, and families with children. The Young Families program is one of the most demanded, as it covers the category most in need of housing - legally married citizens with the age of at least one of the spouses under 35 years old.
Requirements to qualify for a government-backed mortgage under this package:

• age up to 35 (at least one of the spouses);
• citizenship of the Russian Federation;
• lack of own living space or its insufficient footage;
• income to pay off the loan.

An important feature: the mortgage in 2017 under this program provides / allows the participation of the parents of young spouses as co-borrowers. When calculating opportunities, their income is added to the family budget.
In this case, this is not all state support: a mortgage under this program allows spouses to receive a deferred payment if a child was born during the term of the loan agreement. With the appearance of a second baby in 2017, the mortgage may be reduced by another significant share: maternity capital is still being accrued, and improving housing conditions is one of the targeted areas for its use.
Potential borrowers under the “Young Families” state-supported mortgage program are required to:

• personal documents;
• certificates of income of all persons appearing in the contract;
• proof of ownership of real estate;
• income and employment certificates;
• history of relationships with credit institutions.

Program "Military mortgage" in Sberbank

Providing servicemen with housing and, in particular, military mortgages has been the Commander-in-Chief's goal for more than a year. Implementation is entrusted to a large extent to the same Sberbank. Military mortgage with state support provides for the receipt of social housing at 11.8% per annum by persons aged 21 and older who have previously entered into a savings and mortgage program agreement. 2 million rubles - the maximum cost of purchased housing, which is provided by state support in 2017: a mortgage for a larger amount can be provided at the expense of the borrower himself and at a higher percentage.
Housing for social mortgages can be obtained both at the place of residence and in other regions determined by the program.

Overview of preferential programs from Otkritie Bank

Mortgages with state support from Otkritie are offered immediately under a number of programs that include several different groups of borrowers:

• "Military mortgage";
• "Apartment + maternity capital";
• "New building + maternity capital".

The names of the programs themselves reflect the specific requirements imposed by state support: a mortgage, if these conditions are met, is issued at a reduced price. The rate was reduced against the standard 14-15% to 11.5% (mortgage + new building and mortgage + maternity capital programs). Additionally, the rate is reduced for payroll clients and borrowers who paid a significant part of the down payment. In contrast, as to persons from the “risk group for non-returns”, the commission is increased, even if it is a mortgage with state support, for individual entrepreneurs and persons who have not found funds for a down payment of more than 30%.
The conditions that state support imposes in 2017: a mortgage implies the purchase of housing worth up to 15 million rubles for the regions and up to 30 million rubles for both capitals with a contract term of up to 20 years. One of the conditions of the bank is the age of the borrower up to 45 years at the time of the final payment.

Mortgage for parents program from Uralsib

Uralsib, as a bank of regional significance, is actively engaged in lending to residents of its own territory, therefore the main condition that state support imposes is that the property must be located in the area serviced by a branch of this bank. Many groups of beneficiaries listed in the federal law can purchase housing on favorable terms in Uralsib: the bank has a military mortgage, programs for state employees, and offers for young families. One of the profitable products, which provides state support in 2017, is a mortgage for families with children. Under the program "Mortgage for parents" fall:

• citizens of the Russian Federation aged 25-65 who are legally married and have children;
• who have worked at the last place of service for at least six months;
• having the opportunity to pay monthly shares without prejudice to children on the total income;
• no problems in relations with credit institutions before;
• registered as needing better living conditions.

All facts stated in the questionnaire are documented and carefully checked. Only after that, the borrower is offered state support in 2017: a mortgage with a low interest rate and the possibility of repaying the share with maternity capital.
The bank commission will be only 12%. This program, which covers a very large segment of the population, has one serious drawback: Uralsib requires compulsory insurance of property and the borrower: alas, this expense is significant and mortgages with state support from Uralsib Bank become less profitable compared to competitors.

Mortgage options with state support from Raiffeisenbank

Raiffeisenbank has already announced that state support in 2017, low-interest mortgages, will be changed, but this ruling does not apply to those who applied in 2016. At the moment, contracts are being actively drawn up on very loyal conditions:

• 11% per annum;
• up to 25 years;
• the borrower is personally insured for the term of the contract and is ready to insure the acquired property;
• certificates of the form of personal income tax2 and personal income tax3 capable of confirming solvency (in total for the family);
• having a need to expand the living space or improve its conditions;
• having on hand from 20% of the cost as a down payment.

An important point, only under the conditions of which state support is provided in 2017: a mortgage from Raiffeisenbank must be issued by a company (legal entity), private owners and individuals (as sellers) cannot appear in the contract.

As a conclusion: perspectives

Mortgage lending, unlike other areas of banking, is only gaining momentum. Due to growing competition, banks are forced to look for options to attract customers and reduce rates or make agreements with government agencies. Naturally, state-supported mortgages are the lot of large organizations with large authorized capital and a good reputation, but when looking for a really good offer, you should not limit yourself to the loudest brands. Even this review showed that locally operating and even seemingly non-large banks have state support: mortgages for the military, benefits for state employees or special offers that are relevant in a particular region. That is why, when figuring out where the most profitable state-supported mortgage is, it is worth looking through all the options or even contacting local social security authorities, who probably have information about regional programs.
The disadvantage of such packages is obvious: by sponsoring a citizen, the state wants to make sure that he is completely financially clean. When applying for a preferential mortgage, each application will have to be documented. Considering that some of the certificates have a limited validity period, it is worth immediately allocating free time to bureaucratic aspects.
We must not forget about the fact of responsibility for the accuracy of the information provided: in case of violations, the bank will not only demand the benefits back, but may also require the complete annulment of the contract with the payment of penalties by the fraudulent borrower. Those who have decided to take a mortgage legally and pay for it in good faith have nothing to fear.
Anyway. general advice from mortgage lending experts is the same:

• the time spent on searching for offers and analysis will pay off with the benefit of the selected product;
• a careful study of each letter of the agreement will eliminate misunderstandings and claims in the future, an article on the intricacies of loan agreements will help you understand what you should pay attention to;

Since March 18, 2015, a mortgage lending program has been launched in Russia within the framework of one of the main financial institutions of the state - Sberbank. The purpose of this project is good - to help residents of the Russian Federation in purchasing their own housing. Many families have already used the Sberbank product in 2015. Will the state-supported mortgage program be extended in 2017?

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Program terms

I would like to reassure those who have not yet managed to purchase mortgage housing in the primary market: Sberbank will continue to issue loans under the state program to subsidize mortgages until March 1, 2017. Moreover, from July 17, 2015, Sberbank reduced the interest rate on the loan by 0.5%, offering the borrower 11.4% per annum.

What does “government-backed mortgage” mean?

This is a special lending program, according to which part of the funds is subsidized by the state from the pension fund. When applying for a mortgage loan, the interest rate is reduced, thereby reducing the overall overpayment for purchased housing. Few banks take part in such projects. Hence one of the difficulties in obtaining a mortgage: a potential borrower must meet the criteria and requirements of a particular company. The tasks of this state program include not only helping families in buying their own housing, but also supporting construction companies. That is why a mortgage loan within the framework of the state program can be issued exclusively for housing under construction or ready-made housing in new buildings. Attention! This program does not apply to the secondary housing market.

How to get a mortgage with state support in Sberbank?

Previously, obtaining a preferential mortgage with state support was available only to families with social protection from the state. These could be young large families, single parents, as well as families in which children or parents were disabled. This mortgage lending program available to all citizens of the Russian Federation outside of their social status. It is only necessary to fall under the criteria and requirements that Sberbank puts forward to borrowers.

Conditions for obtaining a mortgage

This mortgage lending program includes the following conditions:

• Interest rate - 11,4% .
• Down payment - at least 20% of the cost of housing.
• Loan terms - from 1 year to 30 years.
• The minimum loan amount is 300,000 rubles.
• The largest loan amount: 8,000,000 rubles for residents of the Moscow region and St. Petersburg, 3,000,000 rubles - for other regions of the Russian Federation.
• Collateral in the form of purchased housing or other real estate that meets the requirements of the bank.
• Mandatory registration of life and health insurance of the borrower. If the loan recipient violates the terms of the annual renewal of insurance, the interest rate will increase to 12.4% per year.

A state-supported mortgage can only be issued for the purchase of such types of housing from the developer as:

• real estate in new buildings;
• apartment house;
• separate house;
• townhouse with land.

Attention! Sberbank issues mortgages with state support only for real estate that has passed state accreditation. A list of accredited new buildings can be easily found on the official website of Sberbank. Once in the section dedicated to the state mortgage support program, you can go to the page of the register of objects approved by the bank and view available housing options. The facility accreditation procedure provides for minimizing risks for borrowers. Sberbank thus provides program participants with a good guarantee that the finished housing meets all the necessary standards, and the construction of unfinished facilities will be completed.

Requirements for the borrower

Citizens of the Russian Federation who meet the following criteria can become a member of the Sberbank program with state support:

• Minimum age at the time of application - 21 years old;
• The maximum age of the borrower at the time of mortgage repayment is 60 years (for men) and 55 years (for women).
• Availability of registration.
• Fixed income.
• General worker experience - from 1 year.
• Experience at the current place of work - from six months.

Important: Sberbank allows the involvement of co-borrowers in obtaining a mortgage with state support. In this case, their total income will be taken into account when calculating the maximum loan amount. No more than three people can act as co-borrowers. The spouse of the main borrower becomes a co-borrower without fail, regardless of his (her) solvency and age (exception: the presence of a valid marriage contract).

Required documents

To consider an application for a mortgage at Sberbank the following documents will be required:

• application form (on behalf of the borrower and all co-borrowers);
• passport of the borrower and all co-borrowers with a registration mark;
• confirmation of permanent registration at the place of residence (for borrowers with temporary registration);
• work book of the borrower and co-borrowers;
• confirmation of the income of the borrower and co-borrowers.

If the borrower issues a mortgage secured by other real estate, he must also provide documents on the pledge (certificate of ownership, conclusion on the appraised value of housing, etc.). Application considered by Sberbank within 2-5 working days from the moment of submission of the entire list of documents. After approval in issuing a mortgage loan, the bank may request from the borrower such documents as:

• confirmation of the availability of funds for making an initial contribution;
• mortgage document.

Keep in mind that the bank has the right to supplement the list of required documents.

How to get and pay off a mortgage loan?

To apply for a mortgage with state support to a potential borrower you need to contact one of the branches of Sberbank of Russia:

• at the place of registration of the main recipient of the loan or one of the co-borrowers;
• at the location of the lending facility;
• at the place of accreditation of the company that is the employer of the borrower or co-borrower.

The borrower can get a loan in whole or in parts. The loan is repaid monthly according to the annuity payment schedule (in equal installments). Early repayment of the loan (partial or full) is carried out at the request of the borrower, which indicates the date, amount and account from which the funds will be transferred to the bank.

Attention! Sberbank does not charge individuals any fees for issuing or early repayment of a loan. In case of late payment of the next installment, the borrower is obliged to pay a penalty (20% of the amount of the overdue payment).

Additional options for the borrower

To fully or partially repay the loan (but not to pay penalties!) the borrower have the right to use maternity capital funds. Sberbank also provides the borrower the possibility of using the right of tax deduction at a rate of 13% of the interest paid. In 2017, the amount of the property tax deduction was increased to 2,000,000 rubles. Thus, state-supported mortgages at Sberbank are a program that provides benefits to three parties: the borrower, the bank, and the developer. The simplicity of the registration procedure, a reduced loan rate, the opportunity to receive additional bonuses in the course of payments - all this stimulates and develops the real estate industry. Yes, and the consumer of banking services "does not remain at a loss", getting a real opportunity to acquire their own high-quality housing.

Video: All about state-supported mortgages

Currently, obtaining a mortgage loan has become quite popular among a wide range of people. Citizens, in order to quickly and profitably receive funds for the purchase of housing, apply to several organizations at once in the hope of the most attractive offer in terms of conditions. Next, we will consider what a mortgage with state support is, who is given it, the nuances of registration and other issues.

What does it mean

The housing lending program with state support is implemented by several banking institutions in the territory of the Russian Federation. One such organization is Sberbank.

The main mechanism of this program is that the state directs funds from the PFR for partial financing of banking housing products.

Since the bank receives part of the material resources, the latter has the opportunity to offer individuals more loyal lending conditions than with conventional mortgage products.

Mortgage conditions with state support in Sberbank

A housing loan with state support is issued by Sberbank on the following conditions:

minimum loan amount	300000 rubles
the maximum maximum amount for property objects located in Moscow and the region, St. Petersburg and the Leningrad region	8000000 rubles
the maximum maximum amount of a housing loan for real estate objects located on the territory of other constituent entities of the Russian Federation	3000000 rubles
term	from 1 to 30 years
down payment	from 20%
lending currency	Russian rubles
bid	11.9%, valid for the entire period of the mortgage, however, if the borrower violates the conditions for extending the life and health insurance contract, the rate can be increased to 12.9%
loan fee	absent

Additional terms:

• the state program operates for the purpose of acquiring unfinished real estate objects, as well as ready-made real estate in new buildings;
• the deadline for completing construction work when purchasing housing under the state program is not limited;
• documentation on the property being credited can be transferred to Sberbank within 2 months after the date of approval of the decision to grant a housing loan;
• life and health insurance is mandatory.

To whom they give

The following categories of persons can use the housing loan program with state support at Sberbank:

• individuals who are in line to improve their living conditions;
• families in which each family member has a shared area in the apartment of less than 18 square meters;
• individuals working in the public sector (medical staff, teachers, military personnel, young scientists, etc.).

A housing loan with state support is designed to provide citizens with the opportunity to purchase housing in accordance with the minimum established by law - 18 square meters per person. If the family decides to take out a mortgage to purchase a larger dwelling, it also needs to rely on additional investments of its own funds.

How to issue

To implement the procedure for obtaining a mortgage loan with state support, the following actions should be carried out:

• make sure that all requirements put forward by the credit institution are met in due measure;
• download the questionnaire and fill it out yourself, or already directly at the bank branch;
• collect a package of required documents;
• pay a visit to one of the additional offices of Sberbank, located in close proximity to the place of residence of the borrower;

• expect consideration by Sberbank of documents and a response to the application within the established time frame;
• after the bank makes a positive decision, it is necessary to prepare documentation for the loaned object;
• submit the documents collected on the property to the branch of Sberbank;
• sign loan documentation, collateral and insurance agreements;
• receive funds from the bank and carry out state registration of property rights.

Requirements for borrowers

Only those individuals who meet the following requirements will be able to receive funds under the state program:

There are also the following requirements for credited property:

• the program of state support for mortgage lending is provided only for the purpose of buying housing in the primary market, that is, in new buildings or an unfinished object;
• it is obligatory for the client to have a contract of sale, or equity participation, or assignment of rights of claim for a credited object;
• the program can be used to buy an apartment in an apartment building, a townhouse or a residential building with a land plot.

Required documents

Documents are divided into two categories - those that are required for the bank to consider an application for a loan, and those that must be submitted after the approval of the application. Together with the application form, the following documents are submitted to the bank for consideration:

• the application itself;
• general passport of the borrower and co-borrower;
• if the client has a temporary registration, a document certifying its existence is provided;
• documentation certifying the value of monthly income and employment.

The collateral for the loan may be a pledge of another object of property, different from the loaned one. In this case, Sberbank must submit:

• documentation on the pledged object.

Already after the approval of the application and the provision of a positive response to the client, the following must be submitted:

• documentation on the credited object;
• documents certifying the presence of the first installment.

Note! The list of documents to be provided may be changed at the discretion of Sberbank.

Obtaining and servicing a loan

A housing loan with state support can be provided at Sberbank branches located:

• at the permanent registration address of the client or one of the co-borrowers;
• at the address of the location of the credited object;
• at the location of the employer's organization of the client or one of the co-borrowers.

The time for consideration of an application for housing loans is from 2 to 5 business days from the date of submission of a complete list of documents to the bank. Credit can be provided:

• at the same time;
• parts.

Repayment is made in monthly installments. The repayment scheme is annuity. Early repayment is available to the client both in part and in full. The minimum amount of early repayment is not limited. There are no commissions. To implement this procedure, you must submit an application to Sberbank that contains:

• date of early repayment (working days only);
• payment amount;
• the account from which the funds will be transferred.

For late repayment of a housing loan, a penalty will be charged. The order of its calculation:

• size - 20%;
• the period of accrual of the penalty - from the date following the one on which the due date for the fulfillment of obligations occurs, to the date of repayment of the debt;
• the penalty is levied on the amount of the resulting delay.

Advantages

Borrowers who decide to take advantage of the government-supported mortgage lending program receive the following benefits:

• payroll clients submit only one passport for consideration of the application;
• it is possible to increase the loan amount - for this it is necessary to attract co-borrowers (no more than three individuals);
• a convenient way of repayment - the client only needs to deposit the required amount to the current account, and the repayment will be made automatically on the date of the next payment according to the payment schedule.

Insurance

Under the mortgage lending program, there is a mandatory requirement - the borrower must take out an insurance policy to protect against the risks of loss of health or death. This product is called “Insurance against accidents and illnesses” and allows you to ensure the fulfillment of financial obligations to the bank in the event of the following insured events:

• death of the borrower as a result of an accident or serious illness;
• disability and the establishment of the 1st or 2nd group of disability.

The following insurance rates apply:

State-supported mortgages are a unique opportunity for certain segments of the population to receive funds to purchase real estate on special terms. If the client is a “state employee”, or is in line for improving living conditions, the path to registering this product at Sberbank is open to him. In any case, it is worth checking the other requirements of the bank, as well as strictly following the instructions for registration.

Video: Sberbank in detail | Home loan | Mortgage

Your feedback

With a rather unstable economy and a decrease in purchasing power, the issues of acquiring an apartment are especially acute. Few Russian families can buy housing from scratch, so they have to resort to mortgage loans. However, recently this direction has also been “lame”, as people's incomes have decreased, inflation has risen, and even the smallest payments are a heavy burden on the family budget. Therefore, the state provided the opportunity to take a mortgage with state support.