Like many banks in the Russian Federation, Primsotsbank offers citizens a program mortgage lending for the acquisition of housing with the possibility of using maternity capital funds.
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In this article, we will introduce you to what a mortgage is and maternal capital in Primsotsbank in the Russian Federation in 2020.
What requirements are put forward for borrowers, on what conditions mortgage lending is provided, we will also tell you about the preparation of the necessary package of documents and the procedure for compiling loan agreement.
Basic moments
In this section, you will become familiar with important nuances the use of maternity capital when paying for a mortgage loan at Primsotsbank, which categories of citizens can use mortgage programs, we will also give you the main regulatory documents.
Important Aspects
The mortgage lending program from Primsotsbank makes it possible to solve the problems of young families regarding the improvement living conditions.
The bank has two programs - Maternity Capital and Maternity Capital Plus. The bank allows a certificate for mother capital to block part of and.
Using these programs, you can purchase apartments or shares on the basis of agreements on equity participation in the construction of construction projects, with which Primsotsbank cooperates on a partnership basis.
Under the Maternity Capital program, mortgage is provided for the amount of the maternity certificate and the amount regional capital for the purpose of buying a home on a primary or secondary market.
It is allowed to purchase apartments and shares in them, private houses with personal plots. For large families, regional family capital is provided in the amount of 30 thousand to 200 thousand rubles.
Citizens receive a legal right to such family capital in the event of the birth or adoption of a third or more child who is a citizen of the Russian Federation.
The amount of such financial assistance established at the level of individual regions. Due to the low interest rate on mortgages in 2020 at Primsotsbank, such loans using maternity capital are available to almost every family.
And thanks to the possibility of using a certificate for partial repayment It is possible to improve living conditions without significantly burdening the family budget.
In practice, and judging by the feedback from citizens, the Maternity Capital Plus program is most in demand.
It makes it possible to purchase an apartment, a private house with a plot or other residential real estate within the amount of the existing certificate for mother capital.
That is, the loan amount is from 150 to 429 thousand rubles. provided for a period of 2-6 months, annual interest make up 17-26%.
Who has the right to issue
Here is a list of categories of citizens who are eligible to participate in the program:
No more than three citizens can be registered as co-borrowers, whose official income is taken into account when calculating the maximum available amount.
The spouse of the main client is a mandatory co-borrower, regardless of age and level of solvency.
Under the Maternity Capital program, clients are required to have a minimum work experience at an official place of work - at least six months. It is also necessary to provide a certificate of average earnings for.
The legislative framework
Mortgage lending using the funds of the parent certificate is a special program of the bank.
It provides for the repayment of part of the initial payment or the payment of the body at the expense of mother capital.
The procedure for using a certificate for mortgage lending is prescribed in.
In accordance with the provisions normative act matkapital can be directed to such needs:
The use of certificate funds for the payment of mortgage loans has been allowed since 2009. Note that in accordance with the norms of the law, in this case there is no need to wait for the child to be three years old.
How to receive
In this section, we describe the conditions for current programs Primsotsbank, the necessary documents, the specifics of the preparation and execution of a mortgage agreement, as well as the advantages and disadvantages of using mother capital funds to pay off a mortgage.
Mortgage conditions and maternity capital in Primsotsbank
Let us consider in detail the conditions of mortgage lending in Primsotsbank with the possibility of using maternity capital:
| Purchase of an apartment or a private house | Do u who have bank accreditation |
| Loan amount and interest amount | Must be paid by a one-time transfer of the entire amount from the Pension Fund within 180 days from the date of registration of the mortgage loan |
| Certificate holder for mother capital | It can be drawn up in a mortgage agreement as a borrower who does not have an official stable income |
| When calculating the maximum amount | The income of no more than three co-borrowers is taken into account |
| Credit provided | Only in rubles |
| Minimum amount lending | Is 150 thousand rubles |
| Maximum amount | Parent certificate size |
| When purchasing an apartment or share | It has an interest rate of 15% per annum. In the case of the acquisition of housing at the stage of construction - 16.5% per annum |
Required documents
To obtain a mortgage under the Maternity Capital Plus program, you must provide the bank with a documentation package that includes:
- from the client and the co-borrower for a mortgage, completed according to standardized form jar;
- copies of all passport pages and identification code borrower and co-borrowers;
- original and copy of the certificate for maternity capital;
- extract from pension fund regarding the availability of funds for personal account certificate holder;
- copies of all children;
- copy of SNILS.
Additionally, the following documents may be required by the bank if necessary:
- a copy of the document on the official registration of marriage or its dissolution;
- client.
Under the Maternity Capital program, the package of documents is similar to the previous one, with some additions.
You must also provide:
Drawing up a loan agreement
Even at the stage of sending an application to Primsotsbank, the client must notify the intention to use the funds of the mother capital to repay the mortgage loan.
After receiving the application, bank employees evaluate the client's solvency and make a final verdict regarding the possibility of providing mortgage lending.
The bank also makes a decision regarding the interest rate, based on the data provided on solvency and other criteria.
Registration of a loan agreement in Primsotsbank is carried out in several stages:
| In case of a positive decision and agreement | All parameters and conditions of lending, the bank's expert sends an official notification to the borrower about the decision of the credit commission |
| Then the expert proceeds to draw up a credit case | At this stage, the borrower must provide Primsotsbank with all the documentation required by the bank for obtaining a mortgage |
| During a personal meeting | With the client, the parties come to the final approval of the conditions, such as the repayment period, obligations, the amount of loan repayment maternal certificate. A mortgage agreement with detailed conditions is drawn up in two copies, which must be signed by both parties |
| Forming an official document | Certifying the ownership of the acquired property, which in without fail required to be certified by a notary. The last step is the registration of the mortgage agreement in the unified federal registration chamber, about which the citizen receives an official statement |
When applying for a mortgage loan at Primsotsbank, the borrower must write a certified statement that after the full payment of the mortgage debt and removal from the property, the spouse and all children of the borrower must be registered as homeowners in equal shares.
Video: maternity capital with a mortgage - the pros and cons
This nuance is mandatory when using a maternity capital certificate to pay a mortgage.
In the process of drawing up a loan agreement, the client must responsibly comply with all documentary points, since in case of inconsistency of any official document or insufficient income of co-borrowers, a mortgage loan may be denied.
Advantages and disadvantages
Buying a home for young people large families under mortgage lending programs from Primsotsbank makes it possible to significantly improve living conditions, expand living space so that each family member feels comfortable and has personal space.
However, mortgage programs have not only advantages, but also disadvantages. pros mortgage programs using mother capital:
- ample opportunities for applying the certificate, that is, a family can choose an apartment or a private house at different developers based on personal preference;
- for the Maternity Capital Plus program, there is no need to provide a certificate of income, a copy;
- payment of debt on a mortgage loan in one payment from the pension fund, as a result of which there is no need to wait and repay in installments;
- in individual cases when calculating the maximum allowable amount, the total income of three co-borrowers is taken into account;
- prompt decision making regarding the provision of a loan;
- no need for .
Also, the programs have some disadvantages:
- short loan term;
- the presence of a commission for registration;
- limited choice of currency, lending is carried out exclusively in rubles.
In 2019 majority large ones work with maternity capital. Many of them provide the opportunity not only for a loan, but also at the expense of mother capital - for this you need to submit the necessary documents to a credit institution and the Pension Fund at any time after the right to a certificate appears - wait 3 years no need.
Get a loan if maternity (family) capital (MSK) was (is) used for its registration, it is forbidden, since the non-cash transfer of credit funds to the account of the certificate holder or his spouse is required condition order approval. also at interest not allowed, since matcapital is target measure state support, and a citizen can dispose of it only in directions established by law No. 256-FZ of December 29, 2006 on measures of state support for families with children, which not provided use of MSCs to form bank deposit.
Which banks issue mortgages for maternity capital?
In 2019, most large banks in the Russian Federation issue mortgage housing loans against maternity capital, and also allow you to repay previously issued loans with its funds. According to part 6.1. Art. 7 federal law No. 256-FZ, you can apply to a credit institution at any time after receiving a certificate - wait three years no need.
The table shows terms on which a loan with maternity capital can be taken in some large banks in Russia.
| Bank | Programs | Terms (in years) | Down payment (in %) | Rates (in %) |
|---|---|---|---|---|
| Buying a home on the primary market | Up to 12 - on special. programs; Up to 30 - on general terms | From 15 | 8.50 to 10.50 | |
| Buying a second home | up to 30 | From 15 | From 10.20 to 11.60 | |
| Acquisition of primary housing | up to 30 | From 10 | From 9.7 | |
| Acquisition of secondary housing | up to 30 | From 10 | From 9.7 | |
| Gazprombank | Mortgages from major developers | up to 30 | From 10 | From 10.50 |
| Purchase of apartments from KP "UGS" | up to 30 | From 10 | From 10.50 | |
| Buying a townhouse from Gazprombank-Invest | up to 20 | From 20 | From 10.50 | |
| Acquisition of housing in the primary market | up to 30 | From 10 | From 10.50 | |
| Buying a home on the secondary market | up to 30 | From 10 | From 10.50 | |
| Rosselkhozbank | Young family and maternity capital | up to 30 | From 15 | From 10 |
| Bank opening" | Buying a second home | up to 30 | 10 to 80 | From 10 |
| Acquisition of a primary residence | up to 30 | 10 to 80 | From 10 | |
| Promsvyazbank | Buying a home on the primary market | up to 25 | From 10 | From 9.8 |
| Buying a second home | up to 25 | From 15 | From 10.2 | |
| Alfa Bank | Finished housing | up to 30 | From 15 | From 9.99 |
| Housing under construction | up to 30 | From 15 | From 9.79 |
On the possibility of repaying a loan (taken under a particular program) by mother capital, it is necessary learn employees of a particular bank.
Is it possible to direct the mother's capital to pay the down payment?
According to paragraph a) part 3 of the Government Decree No. 862 of December 12, 2007 on the rules for directing family capital to improve housing conditions, certificate means can be used for payment by target credit (loan) for the purchase or construction of housing (including mortgage). In 2019 the following big banks The Russian Federation accepts MSCs for the first installment:
- Bank opening ";
- and others.
Before directing maternity capital to the down payment, it is necessary read the terms credit institution, some banks set restrictions on the use of MSCs for this purpose.
Bank VTB. The initial contribution, in addition to maternity capital, must necessarily include personal funds. In addition, matkapital can be paid no more than 15% housing costs, and own funds need to repay at least 10%. At the same time, use the certificate to pay the down payment in the "Victory over Formalities" program it is forbidden.
Gazprombank. When providing a certificate for MSC, the initial payment may be reduced by its amount, but not less than 5%.
Promsvyazbank. The initial payment can be paid by maternity capital with a delay up to six months. At the same time, the certificate holder should not have other existing loans for improving housing conditions.
Bank opening". Including MSC funds minimum size down payment can be 10 % .
Rosselkhozbank. The initial payment can be paid in full maternity capital, if its amount is:
- 10 % from the value of the property;
- 15 % from the price of primary housing.
DeltaCredit. When using the certificate, the down payment can be less than 10% compared to the conditions of standard bank programs.
Alfa Bank. If maternity capital is used for a down payment, then at least 5% the cost of real estate the borrower must repay with personal funds.
To direct mother capital for a down payment, you first need contact the bank with the required list of documents for obtaining a loan, and after apply for disposal to the FIU.
If the Pension Fund approves the order, then the funds of the certificate will be transferred to the credit institution without cash within 1 month and 10 business days from the date of registration of the application.
List of documents for obtaining maternity capital by a bank
In order for maternity capital to be sent to a credit institution as a down payment, you must contact it to receive a loan with the following list of documents:
- application form;
- identity cards of the borrower and co-borrower - one of them must be the owner of the certificate;
- confirmation of their place of residence (stay);
- documents confirming employment and income (certificate of the amount wages, copy work book and etc.);
- certificate for MSC funds;
- a certificate of the balance of the mother's capital issued by the PRF authorities.
Exact list needed clarify at the chosen credit institution.
to the Pension Fund by providing:
- order statement;
- marriage certificate and spouse's passport (with proof of residence), if he is a co-borrower;
- a copy of the loan agreement;
- a copy of the registered mortgage agreement;
- notarial obligation to allocate shares to the spouse and children.
Is it possible to repay a bank loan with maternity capital?
According to Part 3 of Decree No. 862, mother capital can partially or completely targeted loan taken from a bank for the purchase of housing. To do this, you must notify the credit institution in 30 days, since part 2 of Art. 810 of the Civil Code of the Russian Federation establishes that a citizen has the right to early return credit funds taken at interest if he warns the bank about this within the specified period. Also, the certificate holder must take certificate of unpaid balance.
Credit institutions may set a different period in which it is necessary to report early payment of the loan.
To pay in full or in part Housing loan parent capital, to the bank must provide:
- identity card of the borrower/co-borrower;
- application for early repayment;
- certificate from the Pension Fund of the Russian Federation on the balance of the mother's capital;
- certificate for MSC.
After that, the owner of the certificate needs to contact to the Pension Fund by providing:
- order statement;
- Russian passport with registration mark;
- spouse's passport and marriage certificate, if he is a co-borrower;
- a copy of the loan agreement;
- a copy of the mortgage agreement that has passed state registration;
- title documents for residential premises:
- extract of ownership from the USRN;
- a copy of the contract equity participation registered with Rosreestr;
- an extract from the register of members of a housing cooperative;
- certificate of the amount of the unpaid balance on the loan;
- confirmation of non-cash crediting to the account of the owner of the certificate (spouse) of credit funds;
- share obligation.
The appeal is being considered FIU one month. If the order is approved, then the maternity capital is transferred to the credit institution within 10 working days.
According to paragraph c) part 3. Decree No. 862, maternity capital can be used to repay refinanced target loan for the construction or purchase of housing.
Cash loan for maternity capital
A loan that is issued with the involvement of mother capital, receive in cash it is forbidden, because cashless transfer of funds to the owner of the certificate (his spouse) is obligatory condition for the order of the MSC.
P. 7 h. 2 art. 8 of Law No. 256-FZ establishes that if the Pension Fund is not provided with a document proving cashless receipt of credit funds, then circulation will not be satisfied.
it proves Clause 8 of the Review judicial practice on cases related to the realization of the right to maternity (family) capital”, approved by the Presidium Supreme Court RF 06/22/2016. A citizen who has received a loan for the purchase of a two-room apartment in a society with limited liability by expenditure cash order , first the Pension Fund, and then the Court of Appeal denied disposal.
This decision was made because the loan agreement was concluded after the entry into force current changes that approved the confirmation of the non-cash transfer of funds.
Any transactions and operations carried out with the aim of cashing out the funds of the certificate, illegal and are punished in accordance with Article 159.2 of the Criminal Code of the Russian Federation " Payout Fraud».
Is it possible to put mother's capital in a bank at interest?
Use maternity capital for a bank deposit at interest it is forbidden, since the funds of the certificate are a measure of state support, which is provided for disposal in the areas established by Part 3 of Art. 7 of Law No. 256-FZ. The specified article not provided use of capital as Money for bank deposits. In 2019, MSC funds can be directed to:
- improving the living conditions of the family;
- payment for children's education;
- formation funded pension mother or adoptive mother;
- payment for the goods (services) necessary for the adaptation in the society of a disabled child;
- receiving monthly payment for the 2nd child up to one and a half years.
In 2017 in State Duma Bill No. 070471-6 was introduced " About construction savings banks”, which would allow, among other things, the use of MSC funds as a construction savings contribution. Subsequently, the owner of the certificate could apply to the savings bank to provide him with a targeted loan to improve his living conditions.
Among the many Russian banks, only a small part has developed a program and issues loans for maternity capital. Before you apply to them for support to improve your living conditions, carefully read the list of institutions that will officially, without deceit and sky-high offers, give you funds as a mortgage.
Banks that provide loans for maternity capital:
- Sberbank of Russia
- VTB24 bank
- Bank of Moscow
- "Unicredit"
- Delta Credit
- Nomos Bank
- Primsotsbank
The specialists of these banks have passed special training in order to clearly understand the intricacies of mortgage lending and consult clients at the highest level.
Bank of Moscow
The Bank of Moscow offers two areas of mortgage use of maternity capital - "Ready housing" and "Housing under construction".
You can learn more about what the Bank of Moscow can offer on the page about mortgages at the Bank of Moscow under maternity capital.
Sberbank
Today, Sberbank has extensive experience in working with mortgages. It performs lending for virtually all home improvement programs.
You can learn more about the opportunities for Sberbank clients on the page about mortgages at Sberbank under maternity capital.
UniCredit Bank
UniCredit Bank has developed two programs that allow you to attract maternity capital funds for the purchase of housing - "Loan for the purchase of an apartment" and "Credit for the purchase of a cottage".
More information about the opportunities provided by UniCredit Bank can be found on the page about mortgages in UniCredit Bank under maternity capital.
DeltaCredit Bank
DeltaCredit Bank has developed the program "Lending with maternity capital" especially for families who plan to get a mortgage, having a maternity capital certificate.
You can learn more about the opportunities for DeltaCredit Bank clients on the page about mortgages at DeltaCredit Bank under maternity capital.
VTB 24
VTB 24 Bank issues a loan amount derived from your income and maternity capital. By receiving the funds under the certificate, you partially repay the mortgage debt.
You can learn more about the possibilities of VTB Bank clients on the page about mortgages at VTB 24 under maternity capital.
Nomos Bank
Nomos-Bank has developed two ways to attract family capital and mortgage loans to improve living conditions.
You can learn more about the conditions provided by Nomos-Bank on the page about mortgages in Nomos-Bank under maternity capital.
Primsotsbank
Primsotsbank has developed a mortgage lending program, taking into account the possibility of using maternity capital, and provides an opportunity to purchase an apartment, a share in an apartment, a room, as well as payment under an equity participation agreement in construction in those construction projects that are accredited by the bank.
You can learn more about the possibilities of Primsotsbank clients on the page about mortgages in Primsotsbank under maternity capital.
Today, quite a few banks issue mortgages for maternity capital. Moreover, lending conditions are similar everywhere. However, it is not always profitable to take a loan.
Differences in terms of lending are in the term and maximum amount. There are minor changes in the interest rate, one difference does not exceed 2%.
We will talk about which banks issue mortgages for maternity capital in this article. A complete list of them can be seen on specialized sites. One of them is banki.ru.
Which banks give mortgages for maternity capital?
Every year the list of such banks increases, as this is a great opportunity to reduce risks during the issuance of a loan.
However, according to the Federal Law "On Mortgage" and the requirements of the Central Bank of the Russian Federation, the lender must satisfy the requirements of the Central Bank of the Russian Federation so that he can provide a mortgage using maternity capital.
Today programs are designed in such a way that budget resources can be used to make a down payment or for early repayment on the basis of a loan agreement.
The most popular banks that offer such programs are:
- Sberbank.
- VTB 24.
- Rosselkhozbank.
- Alfa Bank.
- Primsotsbank.
- Raiffeisenbank.
- Gazprombank.
- Absolut Bank.
- Bank opening.
- UniCredit Bank.
Loan terms are the same everywhere..
At the same time, you can apply for a program for the purchase of housing in the secondary or primary market. It can be an apartment or an individual house.
Almost all of these banks also support a number of other government programs. For example, you can receive money preferential rate under the Young Family program. Then the rate will be equivalent to the refinancing rate.
Terms and options
It is possible to issue a mortgage under maternity capital or use it to further repay the principal amount of the debt.
Banks that provide mortgages for maternity capital usually set approximately the same conditions.
Let's consider all the options using the examples of a state and commercial bank: a mortgage under the maternity capital of Rosselkhozbank and Primsotsbank, respectively.
Mortgage with maternity capital as a down payment for buying a home:
|
Parameter for comparison |
Rosselkhozbank |
Primsotsbank |
|
Loan conditions |
|
|
|
Required documents |
Also in this bank you can get a mortgage on two documents, but the cost of the loan will be much higher. |
|
|
Documents about the loaned object |
When buying an apartment in a house under construction, you will need:
|
When buying your own house or apartment:
To buy a home in a house under construction, you will need:
|
|
Interest rates and loan terms |
Depending on the program, the rate varies from 10.5% per annum. When using a mortgage with state support and in the presence of a large down payment, you are given such a rate, but in case of violation of the terms of the contract, namely the clause on extending insurance, it increases to 18%. Maximum term lending is 30 years. |
Interest rates vary, depending on the availability of a salary project, the size of the down payment, credit history, income and other factors. Minimum Interest is 11.5% per annum. The maximum loan term is 30 years. |
|
Type of redemption |
Annuity payments |
Annuity payments |
|
Partial or full early repayment |
It is made at any time, the commission is not collected. The minimum amount for partial early repayment should be 15 thousand rubles. You need to write an application for cancellation in advance. After the budget billing date, you will need to take a new repayment schedule. |
It is possible at any time, commission and moratorium are not provided. The minimum amount for partial redemption is 20 thousand rubles. If the contract provides for direct debiting, then the application does not need to be written. You can get a new repayment schedule after the planned payment date. |
|
Insurance |
During the encumbrance on housing, insurance of the home and life health of the title borrower is required. |
|
|
Down payment amount |
The minimum size is 20%. |
The minimum size is 15%. |
VTB 24
Separately, it is worth mentioning this bank, as it is integrated into state structures and can offer some of the most favorable conditions lending.
In this bank you can get a mortgage if you meet the following conditions:
- Russian citizenship;
- permanent registration in the subject where you are going to get credit;
- the age of the borrower is from 21 to 65 years;
- total work experience for the last 5 years at least 1 year and 6 months at the last place of work;
- have official income.
You can get a loan on such terms:
- The size of the mortgage varies from 400 thousand to 10 million rubles.
- The term of the contract is up to 30 years.
- Interest rate from 11.4% per annum.
Those who took a mortgage under maternity capital at Primsotsbank know that they will need to take out insurance for the entire loan period. The borrower and the property are insured. You will also need to provide a pledge of acquired or other real estate.
The package of documents is standard and does not differ from the banks described above, but there is also a program that allows you to apply for a mortgage using a passport and a second identity document.
However, in essence, you provide everything the same except for the income statement, but the cost of the loan increases by a couple of percent. Such a program is relevant for those who have a high informal income.
Sberbank
Sberbank requires the same documents as the SNILS of the title borrower, co-borrower and all guarantors.
The big advantage of working with this bank is the ability to choose a repayment method: annuity or differentiated.
Minimum interest rate here it is 11.5% per annum under the Young Family program.
When obtaining a loan on standard terms, the cost of collateral will be from 12.5% per annum.
Terms of Service:
- citizenship of the Russian Federation;
- the borrower must have a residence permit in the area where he is going to receive a loan;
- age limit from 21 to 65 years;
- 6 months of work experience at the last place of work and one year of continuous work for the last 5 years;
- have official income.
The best banks that give mortgages under the mat. capital
Based on the table above, it can be seen that lending conditions are more favorable in state-owned banks.
Today, these are the following banks that provide mortgages for maternity capital: Sberbank, VTB 24 and Rosselkhozbank.
Gazprombank can also be attributed to them, since it is a subsidiary of Gazprom, which is fully supported by the state. However, getting a loan is much easier in commercial banks .
The difference in the interest rate is small, no more than 2% per annum, however, commercial banks can offer you more flexible terms for repayment.
So, you can pay through a bank branch, third-party organizations, their own ATMs or ATMs of partners.
Application processing speed is approximately the same everywhere and does not exceed 10 working days.
In exceptional cases, documents that are not provided for in the standard package described above may be required.
If you have problems with payment in commercial banks, it is much easier to negotiate and carry out refinancing or restructuring.
However, you should not borrow from small commercial banks. Otherwise, you risk that the Central Bank will revoke their license due to lack of liquidity or as a result of other violations of Russian law.
It is much more profitable and safer to apply for a mortgage in one of the TOP-100 banks. These lenders expect long-term cooperation and are ready to offer the most convenient loan service conditions.
Thus, a mortgage using maternity capital is excellent opportunity buy a home. To use public money, you will need to go through the standard application procedure with the FIU. When the money is transferred, you can proceed to the next stage and apply for a loan.
Hello. In this article, we will talk about what a mortgage under maternity capital is.
Today you will learn:
- What can be spent on?
- How to get a mortgage;
- Which bank is better to use.
What can maternity capital be used for?
State support for families with a second child was launched in 2006. The essence of this program is that families are guaranteed to be able to count on good financial assistance.
However, the funds received cannot be spent at your discretion. The state clearly stipulates where the money can be sent.
State support for the birth of a second child can be spent on:
- Purchasing better housing;
- healthcare;
- Child education.
As practice shows, families use financial assistance from the state in order to buy real estate. At the same time, it is not necessary to purchase an apartment entirely with your own savings, since you can take a mortgage under maternity capital.
The banking product is very popular today. Thanks to the loan, you can improve your living conditions and purchase real estate without start-up capital.
As for education and healthcare, these are less profitable and problematic areas. Moreover, if you can buy an apartment with the participation of a state certificate almost immediately, then you can pay for education only after the child graduates from school.
It is also worth noting that many financial companies are ready to offer mortgages for maternity capital on attractive terms and at a reduced interest rate. This is the only difference from a conventional mortgage.
Unfortunately, young families, before receiving money, will also need to collect a full package of documents, prove their solvency and pass a check by the lender.
How can you use maternity capital in a mortgage
If you carefully study the law, you can see that the funds under the certificate can be spent three years after the birth of the child. However, there are exceptions to every rule.
This exception applies to the purchase of an apartment. It turns out that a young family can buy an apartment on credit, with the participation of a certificate.
There are two options for using a certificate:
- To repay an existing loan;
- To make a down payment when applying for a mortgage product.
As for the repayment of an existing loan, in this case, the debt is paid exclusively by mortgage agreement. It will not be possible to repay debt on consumer loans or loans in a microfinance company.
The limitation is due to the fact that in financial services there may be many cases of fraud related to the cashing of the certificate.
Unfortunately, many young families are looking for various ways to cash out a certificate and agree to various frauds, pursuing only one goal - to get money in their hands and use it at their discretion, and not what the state has allowed.
But, it's better not to play with the law and use legal ways. It is best to consider the option of acquiring an apartment in a mortgage.
You can arrange an apartment large in area, or located in an improved area with developed infrastructure.
Many families purchase a house with a mortgage, which is a great solution. However, it should be understood that just contacting financial institution and give the certificate to make the down payment will not work.
Though state aid was provided to you, you will not be able to use it without the permission of the pension fund.
Therefore, you need to apply for this organization and obtain written consent to the transaction. Once the application is in hand, you can decide where to get mortgage with state certificate.
Step-by-step instructions for obtaining a mortgage under maternity capital
Before proceeding with the execution of the transaction, it should be borne in mind that this is a complex and lengthy process that can last from 1 to 3 months. If the terms do not scare you, we will tell you how to apply for a mortgage and get new apartment with government support for families.
Step 1. Choosing a financial company.
The first thing to do is to carefully study the offers on the financial services market and choose financial company, which offers conditions suitable for you. Many institutions, such as Sovcombank, have good rating and reviews, but do not have this product.
If when choosing consumer credit you can immediately apply to several banks and wait for a decision, then in this case this will not work.
When choosing a lender, consider not only total rate, but also:
- Company rating;
- Availability of a license;
Today, a mortgage loan is in great demand among Russians, since it is possible to purchase housing with its help in a short time. This opportunity is actively used by families that have received maternity capital for the birth of a second child. You can use the funds to improve living conditions without waiting until the baby is three years old. A mortgage with maternity capital in Primsotsbank is issued in the same way as classic product. After the conclusion of the transaction, it is important to strictly follow the repayment schedule that is attached to the contract. Payment can usually be made in several ways: mobile application, internet bank or ATM. Delays will lead to an increase in debt due to penalties. If delays in payment are frequent and long, then there is a risk of losing your home.
What are the conditions and procedure for depositing funds?
To be able to apply, the client must not only have the required amount on hand, but also meet the age limit of the lender. Moreover, the upper bar is the age before which you need to pay off the debt. So get borrowed funds for the purchase of housing is possible for 10-20 or more years. When applying, it is allowed to attract co-borrowers. Also credit organisation makes requirements for income level, citizenship, credit history, general seniority and experience at the current job. Mortgage with maternity capital in Primsotsbank involves registration and deposit of funds in the following order:
1. Preparation required documents and filling out an application form.
2. Waiting for a response. If it is positive, you can start choosing a suitable apartment or house.
3. Submission of real estate documents to the bank. It should be borne in mind that the presence of illegal redevelopment will result in a refusal to approve this object.
4. Signing of loan documentation, payment of the down payment, including money from the certificate.
5. Registration of rights to the acquired object in Rosreestr.
Finding the best solution
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Initial payment - from 10%
Credit rate - from 13.00%
Loan amount - from 100,000 rubles.
Loan term - from 3 months to 6 months
Currency - Ruble
A loan is provided for the amount of maternity capital** + regional (family) capital** for the purpose of acquiring residential premises in the primary and secondary housing markets: apartments, rooms (shares) in an apartment, houses with a land plot.
- Without documentary evidence of employment and income;
- The manager of maternity capital funds can act as a borrower with no income;
- Deferral of payment for the payment of the principal debt (payment only of interest on the loan);
- Possibility to purchase an apartment at the construction stage from any developer.
Requirements for borrowers
Loans are provided to citizens of the Russian Federation who have permanent or temporary registration on the territory of the Russian Federation.
AGE AT THE TIME OF LOAN REGISTRATION: At least 18 years old.
AGE AT THE END OF PAYMENT ON THE LOAN: Not more than 65 years.
WORK EXPERIENCE: Any
ATTRACTING CO-BORROWERS: Co-borrowers under the loan can be no more than 3 individuals, whose income is taken into account when calculating maximum size loan.
The spouse of the Title Co-borrower is a co-borrower without fail, regardless of his/her solvency and age. This requirement does not apply if there is a marriage contract.
Insurance
On the onset insured event will take over your loan obligations Insurance Company Therefore, the following types of insurance are a necessary condition for granting a loan:
- Life and disability insurance***;
- Collateral insurance;
- Risk of loss of ownership (at the discretion of the bank).
Related payments
CONSIDERATION OF A CREDIT APPLICATION, VERIFICATION OF DOCUMENTS AND THE OBJECT OF THE MORTGAGE: Free of charge.
EVALUATION OF THE OBJECT OF THE MORTGAGE: One-time, upon conclusion of the agreement on the assessment market value, according to the tariffs of the appraisal company.
PAYMENT OF THE STATE FEE FOR REGISTRATION OF A TRANSACTION: At a time, in accordance with the tariffs of the Office of Rosreestr.
INSURANCE OF THE RISK OF LOSS OF PROPERTY: The decision on the need for this type of insurance is determined by the bank. Annually, in accordance with the tariffs of the insurance company.
OPENING AND PROCESSING OF A LETTER OF CREDIT, RENT OF A INDIVIDUAL SAFE, TRANSFER OF MONEY: In accordance with the tariff book of the bank.
* Maternal (family) capital is a measure of state support for Russian families in which a second child was born after January 1, 2007 (a child born in a family (or adopted) after January 1, 2007, or a third, fourth and subsequent child, if after birth previous children were not eligible for maternity capital).
** Large families can receive regional (regional) family capital in the amount of 30,000 to 200,000 rubles, which can be used, including for improving housing conditions. The right to regional (regional) (family) capital arises at the birth (adoption) of the 3rd or more child (children) having citizenship Russian Federation. The amount of family (regional) capital is set by the administration of your region.
***This type of insurance is optional and is advisory in nature. The borrower may refuse insurance, in which case the interest rate will be increased.
****In case of connection to the program voluntary insurance property and liability of individuals (box insurance). Applies only if the subject of collateral is an apartment, residential buildings(except wood). Otherwise, the size base rate 14% per annum.
