Mortgage and young family: what benefits you can count on from the state and which banks to choose. Mortgage loan for a young family

The right to housing is one of the fundamental constitutional rights of every Russian. Family mortgage is one of the forms of support for the population to purchase comfortable housing. Under the terms of mortgage lending, young couples with children have the opportunity to purchase an apartment or private house today, and repay the debt to the bank over a certain period of time. At the same time, many families can take advantage of government assistance.

Family mortgage in the Russian Federation is a special housing lending program provided to married couples with or without children. It is no secret that having your own home significantly increases the birth rate, thereby improving the overall demographic situation in the country. Therefore, a family mortgage always has 3 sides to the transaction:

• financial institution providing funds;
• borrower;
• state.

In this case, state assistance in acquiring your own square meters can be expressed in one of the following ways:

• transfer of a certain amount of money to repay debt on a bank loan;
• reduction of the interest rate on the loan;
• provision of real estate from a special fund for the purchase and sale.

In 2019, family mortgages with government support are represented by several programs.

“Young Family” program within the framework of the Housing project

The federal Housing program has been operating in Russia for almost 20 years. During this time, thousands of Russian families were able to purchase houses or apartments for personal use by combining their own, borrowed and government funds. The main conditions of the state program for young families are:

1. Age. In accordance with the name of the program, couples in which each spouse is under 35 years of age can receive a loan.
2. The need for housing. Families who do not have their own living space or live in inappropriate conditions will be able to become borrowers.
3. Availability of official income. At least one able-bodied family member must have a permanent job and an income sufficient to make monthly loan payments.

If a married couple meets all the requirements for borrowers, a mortgage agreement is drawn up for the amount needed to purchase their own living space. The state will transfer funds to repay the loan in the amount of 30 to 40% (depending on the composition of the family and the number of children in it).

Young family in Sberbank and Rosselkhozbank

Some banks offer their clients particularly advantageous banking products. Such programs are the result of cooperation between financial institutions and the state. Let's take a closer look at the special programs for young families provided by Sberbank and Rosselkhozbank.

Provided at 9% per annum for a period of up to 30 years to citizens of the Russian Federation under the age of 35 who meet the following requirements:

• legally married or single parents with children under the age of 35;
• Only ready-made housing is purchased;
• having an official income commensurate with future payments.

Young families can use borrowed funds from the bank to purchase an apartment, a country cottage, a plot of land or build a private house. The loan can be issued in rubles, US dollars or euros. Requirements for borrowers:

• not older than 35 years;
• level of income sufficient to make loan payments;
• opportunity to make a down payment (minimum 10%, maternity capital is allowed).

When building a house or having a child, borrowers are given a 3-year deferment on the payment of the principal debt.

Family mortgage with state support of 6 percent since 2018

Since 2018, a new state lending program has been launched, already called “Family mortgage with state support at 6 percent.” It will be available to families in which a second, third or subsequent child will be born between January 1, 2018 and March 1, 2023.

The main conditions of this loan program are:

1. Providing borrowed funds at 6% per annum.
2. The funds can be used to purchase housing in new buildings or to refinance an existing home loan.
3. The purchase and sale agreement can be concluded exclusively with legal entities.
4. The maximum loan amount is 3,000,000 rubles, for cities of federal significance – 8,000,000 rubles.
5. Subsidization is provided for up to 3 years at the birth of the 2nd child, up to 5 years at the birth of the 3rd child. If a 2nd or 3rd child appears in the family during the program, state support is provided for 8 years

A family mortgage with state support is a significant assistance to families with two or more children. Russians will be able to purchase new, comfortable housing using a housing loan with an annual rate of only 6%. It is also possible to use maternity capital to make a down payment or pay off part of the debt.

Putin's decree

In November 2017, the President of Russia once again raised the issue of the need for state assistance for families with two or more children. Putin's decree contained direct orders aimed at creating a regulatory framework and the speedy implementation of a population lending program at 6%.

Government Decree

Already in December 2017, all the requirements of the President of the country were fulfilled, and the Government presented to the country a document signed by Dmitry Medvedev. It contains the rules for state subsidies for financial institutions and JSC AHML when providing citizens with preferential housing loans at 6% per annum. Their essence is simple:

• banks provide loans to the population at low interest rates;
• lost income is reimbursed by the state from budget funds.

Changes for 2019

From February 2019, it is planned to change the terms of the family mortgage in terms of the duration of the preferential rate. As stated by Deputy Prime Minister Tatyana Golikova, conditions have already been agreed upon under which a preferential rate of 6% for families where a second and subsequent child is born will be valid for the entire period of the loan. It is also possible to introduce subsidies for the mortgage rate in the amount of the Central Bank rate + 4 percentage points. The third point of state support for families under these changes is the possible partial write-off of debt to the creditor, but not more than 10% of the debt and 450,000 rubles.

Validity

The “Family Mortgage at 6 Percent” program is short-term. Families who gave birth to their 2nd and 3rd children between January 1, 2018 and March 1, 2023 will be able to become participants in the program and purchase their own housing on favorable terms. So far, an extension of the state program is not expected, but changes are possible based on the results.

Program conditions

Only those financial institutions that express a desire to participate in the program will be able to issue housing loans at 6 percent. To do this, banks will need to submit an application for participation to the Ministry of Finance of the Russian Federation, as well as a certain package of documents confirming their financial stability and legal purity.

For potential borrowers, the general ones will be the same regardless of the bank chosen (VTB, Sovcombank, etc.), but will have certain specifics regarding client verification and registration.

Participant and loan requirements

To become a borrower under the new preferential lending program, you must meet certain requirements:

1. Age. A potential bank client must not be under 21 years of age or over 65 years of age.
2. Family status. The main condition is the birth of the borrower's second or third child during the program period. In this case, the presence of an officially concluded marriage or the absence of a second parent in the family does not matter.
3. Employment. The borrower must have a permanent job and income sufficient to pay the monthly loan installments. At the same time, the length of service in the last place is at least six months.

The loan has requirements regarding its direct use:

• for the purchase of an apartment in a new building or finished housing from a developer;
• to refinance an existing loan (housing purchased on the primary market, from a developer).

Banks participants

The Ministry of Finance of the Russian Federation accepted applications and approved 47 financial institutions as participants in the “Family Mortgage at 6 Percent” program:

How to apply

Applying for a housing loan at a preferential rate must begin by choosing a bank presented in the list of the Ministry of Finance. Having decided on a potential lender, you need to follow the following steps:

1. Initial contact with the bank.
2. Filling out the borrower's application form.
3. Providing the necessary documents (borrowers’ passports, financial documents confirming income, marriage and birth certificates).
4. In case of a positive decision on the application, it is necessary to find a suitable property within the allocated amount.
5. Providing documents for the apartment.
6. Signing a mortgage agreement.
7. Registration of the transaction in Rosreestr.

Refinancing an existing mortgage at 6%

Those families who previously took out housing loans can refinance if another child is born during the program period. To do this, certain conditions must be met:

• housing was purchased on the primary market from a seller who is a legal entity;
• the loan has not previously been restructured;
• no current arrears on the loan.

The registration procedure is quite simple:

1. contacting your bank with an application to refinance your mortgage at a preferential rate of 6% and birth certificates of children;
2. signing an additional refinancing agreement;
3. rate reduction and a new payment schedule.

Family mortgage with state support in Sberbank

Sberbank was one of the first to issue loans, which have already received the popular name “”. When providing borrowed funds at 6%, the bank sets its own conditions for the successful conclusion of an agreement:

• mandatory down payment of at least 20% of the loan amount;
• minimum loan amount – 300,000 rubles;
• loan term from 12 months to 30 years, while the grace period can last from 3 to 8 years;
• compulsory insurance of the purchased property, as well as the life and health of the borrower.

Family mortgage with state support from AHML

The country's main mortgage agency provides citizens with family loans on the following conditions:

1. For a period from 3 to 30 years.
2. At 6% during the grace period (from 3 to 8 years), then the percentage is set according to the formula: key rate of the Central Bank of the Russian Federation + 2%;
3. The minimum down payment is 20%. It is permissible to use family capital, as well as any other social payments and subsidies.
4. Borrower insurance is mandatory.

When drawing up an agreement, it is permissible to involve 4 co-borrowers, one of which must be the spouse of the title borrower.

Other types of assistance to a family with a mortgage

Family mortgage is only part of the all-Russian project, the purpose of which is:

• creating conditions for families to purchase comfortable housing;
• increasing the birth rate in the country;
• increase in construction volumes.

Currently, there are other government support programs for families with children:

1. Matkapital. Providing mothers who gave birth to a second child with a cash certificate in the amount of 453,026 rubles. You can use funds in several areas (pensions, education, purchase or construction of housing).
2. Military mortgage. A special savings program (NIS) has been created for military personnel, with the help of which, after 3 years, an amount sufficient to obtain a housing loan and purchase their own living space accumulates in a military personnel’s personal account.
3. Social lending. There are successful assistance programs for certain categories of citizens: scientists, teachers and other public sector workers. The essence of the program is to repay part of the housing loan (25-45%) from budgets of different levels.
4. Programs for support and development of the rural population. Young professionals and public sector employees living or wishing to move to rural areas have the opportunity to purchase housing on preferential terms.

A family mortgage is an opportunity for millions of Russians to significantly improve their living conditions. But preferential lending conditions for the birth of a second or third child do not eliminate the need to have a certain level of income and meet the bank’s requirements for borrowers.

We are waiting for your questions about the operation of these programs in the comments.

We would be grateful for rating the post and reposting.

Our mortgage lawyer is always in touch and will tell you how to profitably get a mortgage and receive benefits from the state.

Having registered their social unit, the newlyweds begin to look for answers to many questions. How to get a mortgage for a young family is one of the most pressing issues. But there is little difficulty in this if you know all the details of the process.

How to get an apartment for a mortgage for a young family

Social support for newlyweds was enshrined at the legislative level back in 1998 in the law on mortgage loans. Briefly speaking about how to get a preferential mortgage for a young family, the following families fall under the federal program for providing mortgage housing:

• each family member is no more than 35 years old;
• they need housing for objective reasons;
• at least one of the family members is a citizen of the Russian Federation;
• the family has a monthly income that exceeds the potential mortgage payment.

If the family meets all these requirements, it receives a certificate, according to which the necessary subsidy is provided. After this, the process of selecting a bank with the most suitable conditions begins.

Single-parent families, that is, a father or mother with one or more children, provided all other conditions are met, can also receive a housing subsidy.

Despite the fact that mortgage payment rates for young families are already calculated based on minimum values, they may fluctuate from bank to bank. So it makes sense to carefully study all proposals. And the interest rate is not the only argument in favor of choosing one bank or another. Loan amount, term, down payment - by carefully thinking through all the details in advance, you can significantly win in the amount that will have to be paid in the end.

Particularly noteworthy is the receipt of “status” indicating that a young family really needs their own housing. This does not necessarily imply a complete absence of this in the newlyweds, but also the following conditions:

• living space does not meet standards;
• the family lives in the same communal apartment with a person whose illness makes this accommodation impossible;
• the area of ​​the apartment or house is smaller than provided by regional standards.

A down payment is a way out for those who do not qualify for subsidies. It can reach 20% of the total purchase price, so if a young family has their own savings or real estate that can be used as collateral, the subsidy is not so necessary. A good credit history, high and stable income, as well as the presence of children in the family are additional arguments in favor of newlyweds.

The purchase of housing, and this can be either an apartment or a house, must be carried out with the participation of the bank. This is necessary to ensure the bank’s confidence that if the borrowers fail to fulfill their obligations, the losses will be compensated. This rule also applies to repaying debt for housing purchased partially with subsidies.

What is needed to get a mortgage for a young family: collecting documents

The list of what a young family needs for a mortgage for an apartment includes a standard set of documents:

• mortgage application;
• passports of both spouses, as well as birth certificates of their children;
• a certificate of marriage (not necessary for single-parent families);
• income certificates;
• directly a certificate for receiving a mortgage subsidy.

This list is mandatory, but the bank may request additional documents. Which ones depend on the choice of bank, so before you start collecting papers, it is better to consult with credit specialists who will tell the young family in detail.

The process of obtaining a mortgage for a young family on preferential terms is a relatively rushed procedure. The validity period of the certificate giving the right to a subsidy is 7 months.

Birth of a child and mortgage

The birth of a child provides a significant bonus for a family seeking a mortgage. If a childless family has the right to receive 30% of the estimated cost of housing, then the child adds 5% to this amount. The percentage does not depend on the number of children and is always equal to five. But that is not all.

If the total housing area, calculated according to the law for a family of two people, is 42 sq.m., then in the case of a larger number of family members, it will be calculated based on the figure of 18 sq.m. for each person.

Maternity capital provides an additional advantage. Parents have the right to spend the money allocated for the birth of their second and subsequent children to pay off the mortgage loan, as well as for a down payment. In this case, a certificate of receipt of maternity capital, as well as a certificate from the Pension Fund proving the balance in the mother’s account, should be added to the list of what a young family with a child needs for a mortgage when applying to the bank.

The tax deduction practice does not apply to the part of the cost of housing paid with maternity capital funds.

Different banks offer different benefits for families with children, which may include:

• deferment of principal repayment;
• interest rate reduction;
• reduction of the down payment;
• increasing the loan term.

What you need to know when applying for a mortgage for a young family

In order not to be refused participation in the federal or one of the mortgage banking programs, you must provide only reliable information. All information is carefully checked, and discrepancies with the truth will significantly delay the purchase of your home.

You also need to remember that even though the housing is owned by the borrowers, it is pledged to the bank for the entire period of repayment of the debt. This is an adequate guarantee against loss. But for a young family this means some inconvenience. The apartment cannot be sold, exchanged or rented out without the knowledge of the bank. This can only be done if the appropriate permission is obtained.

The fact of registering an apartment as collateral to the bank should not frighten potential borrowers. They can register all family members in the living space, and after paying the last installment, the bank completely waives all rights to housing.

The relationship between the bank and the mortgage borrower is formalized by a document called a mortgage. It specifies all the terms and conditions of the loan. In addition to the impossibility of completely disposing of housing purchased with a mortgage, a potential inconvenience of the mortgage may be its transfer to another bank. This can happen, for example, if the bank where the loan was taken out goes bankrupt. In this case, mortgage payments will need to be made to the bank that received the mortgage. Borrowers are protected by federal mortgage laws, so payment amounts will remain the same.

An additional line of mortgage costs is life and property insurance. This should be taken into account when calculating future costs of purchasing a home in advance. In some cases, the bank may request a guarantee for the mortgage loan.

Do not forget about the fines that are assessed in case of late payment of monthly contributions. No one is immune from financial problems, the most common of which is job loss, so even such a pessimistic forecast must be considered at the stage of preparing for a mortgage. The fact is that different banks charge penalties for late payments at different interest rates. If the contribution was overdue for a period of less than 30 days, then the amount of the fine ranges from 0.1 to 1% of the contribution amount. In case of longer delay, the fine increases.

You can avoid unnecessary expenses due to financial troubles by applying for debt restructuring or applying for a credit holiday.

Mortgage is easy

Knowing how profitable it is to take out a mortgage for a young family, you can do this without unnecessary nervous tension and wasting time. The main thing is not to hesitate to consult with specialists. Legislation in the field of mortgage loans changes steadily every year in favor of borrowers, so every young family has every chance to get a mortgage on favorable terms.

The question of how to get a mortgage for a young family to buy an apartment or house in the Russian Federation (credit) in 2019 is especially acute for spouses when they are expecting the birth of a child.

Dear readers! The article talks about typical ways to resolve legal issues, but each case is individual. If you want to know how solve exactly your problem- contact a consultant:

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To become property owners, you should choose the bank that offers the most favorable, transparent conditions.

Only a few large banks in Russia issue mortgages with subsidies for young families, while establishing loyal requirements and favorable conditions.

Before contacting the office and writing applications, you should study offers from different lenders.

Main aspects

Before 2020, citizens under the age of 35 are eligible to receive subsidies. Its size is 30% of the total cost of the apartment or house.

Types of social assistance when applying for a loan:

1. Registration of a state subsidy, which is used to partially pay for housing purchased with a mortgage.
2. Provision of municipal real estate at a reduced cost.
3. Registration of a mortgage at a low interest rate due to payment of compensation by the state.

In some Russian regions, young families can get ready-made housing, in others - a mortgage on favorable terms.

Required terms

Concepts encountered when applying for a housing loan under the state. program:

A mandatory condition is the registration of citizens as those in need of improved living conditions.

Who belongs to this category

Requirements for citizens wishing to become property owners. A house or apartment can be purchased with a mortgage under the Young Family program:

1. Each spouse must be under 35 years of age.
2. Citizens previously had to register as needy.

Spouses may be recognized as needing improved housing conditions if:

Having children is not a requirement. It is much more important that everyone who applies is a citizen of the Russian Federation. In order to obtain the status of those in need of housing, spouses must contact the district administration.

Normative base

The following Regulations and Laws apply under the young family program:

The main law regulating the process of issuing benefits to young families is the Federal Target Program “Housing”. Initially, the duration of the program was set until 2015. But subsequently the Government decided to extend it until 2020.

Providing housing for young families is a separate subprogram. All social payments are made according to the rules set out in the Appendix to the Rules for Providing Housing to Young Families.

How can a young family get a mortgage to buy an apartment or house?

The most common option for assistance in purchasing an apartment is the provision of a subsidy, which significantly reduces the interest rate.

Terms of service

Citizens under the age of 35 can participate in the program. In accordance with the law, the state offers young families the following types of assistance:

1. Registration of tax benefits.
2. Individuals who are single parents, whether mother or father, are entitled to higher rates of benefits.
3. If each family member receives an income below the subsistence level, then a monthly allowance is paid for the child.
4. Children under 3 years of age have the right to receive free medications. If the disease is serious - up to 15 years.
5. Subsidy for the purchase of housing with a mortgage.

The state does not provide housing to everyone, but only to those who need it.

As part of mortgage lending, a young family may be offered the following conditions:

1. Reducing interest rates to 7-9% per annum.
2. Exemption from payment of down payment.
3. Deferment of monthly loan payments without penalty. Perhaps if a child appears in the family.

It is much easier to apply for a subsidy and contact the bank to buy an apartment with a mortgage. The mortgage can be issued with government or bank support.

List of documents that will be required

To receive a subsidy you need to collect the following documents:

1. Civil passports of both spouses.
2. A certificate from the maternity hospital or an extract from the registry office confirming the registration of the child after birth.
3. Certificate issued at the time of marriage.
4. A certificate indicating the number of people in the family.
5. Documents that prove that the family needs improved living conditions.
6. A certificate from the bank confirming that the mortgage will be issued.
7. If citizens already own an apartment, they need documents for it.
8. Preliminary purchase and sale agreement.

The papers must be provided to both the bank and the district administration.

Is it possible to get it without a down payment?

Participation in the state program allows a young family to obtain a mortgage on preferential terms. Type of lending – “Purchase of finished housing on the primary or secondary market.”

Applicants themselves decide which method suits them best - reducing the interest rate and, accordingly, the size of the monthly payment, or paying a down payment.

If a citizen does not have enough money to buy a home, even with a subsidy, it can be used as a down payment on a mortgage. When submitting an application, you must indicate how the funds will be used.

Participation in the state program

To become a participant and receive a subsidy for the purchase of housing, you must take the following actions:

When you receive the subsidy document, you should contact the bank and begin applying for a mortgage loan.

Regional features

Subsidy amounts and payment methods may vary depending on the region. The leader in providing assistance to citizens under the Young Family program is undoubtedly Moscow.

Some features of the program apply in this region:

In St. Petersburg, in order to receive assistance, at least one of the spouses must live in the city for 10 years.

The indicators for square meters per person also differ. In Krasnodar – 18m2. In Tyumen – 15 m2.

Decision period

In the district administration, the decision is made within ten days from the date of receipt of the documents. Banks have different deadlines. In general, the analysis of submitted papers may take from 3 to 5 days.

Which banks should I contact?

Table for comparing mortgage conditions for a Young family in different banks in Russia:

The state provides financial assistance to citizens who have become a young family by registering their relationship with the registry office or as parents of a child.

For the first three years after marriage registration, if one of the spouses has not reached 30–35 years of age, the family is considered young and can use preferential bank loans or standard lending programs. How to get a profitable loan, what conditions are offered by banks, when borrowed money can only be obtained from microfinance organizations?

Bank offers

A young family can apply for any type of loan at a bank if it meets the lender’s requirements. The most popular are mortgages, car loans, non-targeted consumer loans, and commodity lending.

Mortgage

Let's consider banks that provide preferential loans to young families ⇓

For families with children, when participating in a program with state support, the rate is 6% per annum.

Program conditions:

• Birth of a second or subsequent children in the period 2018–2022;
• The purchased housing must be new or under construction;
• The period of subsidizing the rate is 3 years (if there are 2 children in the family), 5 years (if there are three or more children);
• The maximum loan amount in Moscow and St. Petersburg is 8 million rubles, in other regions 3 million rubles;
• Down payment from 20%.

Young families are given the right to refinance their existing mortgage debt, which was issued before the new conditions came into force, if a second or third child is born in their family by the end of 2022.

Social mortgages are provided by all major credit institutions.

In the regions of the Russian Federation there are regional programs to support young families. For example, Khanty-Mansiysk Bank launched a new mortgage product “Mortgage Tandem”. Borrowers have the opportunity to apply for a preferential loan of up to 3 million rubles. at 14% per annum.

Head of the consumer lending department of the Khanty-Mansiysk Bank O. Mosin said:

“We have developed a new loan product, Mortgage Tandem, which allows you to borrow the missing amount of funds on market conditions, taking into account an existing loan on a long-term basis.”

In the Kurgan region, the minimum down payment on a mortgage loan has been reduced to 10% for young families.

Customer credit

Young families in which at least one spouse works and receives a salary can take advantage of consumer lending programs on standard terms. If your spouse receives wages on a bank card, then first of all you need to contact this credit company.

We offer our salary clients the most favorable conditions: minimum interest rate, required loan term. To increase the loan amount, the borrower can take a husband or wife as a co-borrower under an agreement. In this case, when calculating solvency, the bank will consider the total family income.

• The loan amount depends on the borrower’s solvency and the availability of collateral;
• Loan term from 6 months to 5–7 years;
• The interest rate depends on the loan parameters, on average 12-25% per annum;
• Positive credit history;
• Collateral: there are blank loans and loans with collateral or guarantee:
• Documents: there are loan programs based on two documents and with proof of income.

The more requirements and restrictions the bank declares, the softer the lending conditions will be. To calculate the profitability of a deal, you can use an online calculator, which is available on the websites of all credit companies. By entering different lending parameters, you can approximately calculate the overpayment on the loan and analyze your own repayment capabilities.

Commodity lending

Trade loans are distinguished by the speed of provision. They are received on the day of application; a visit to the bank is not required for registration. Apply for a trade loan to purchase goods in a store, including in online stores.

To apply, you will need to fill out an application form. The transaction is executed according to two documents.

Send an online application to the call center of Vostochny Bank

If you are considering an average-sized loan of 25,000 rubles. and at a minimum interest rate, then the best option would be an offer from Vostochny Bank with a short online questionnaire.

Send an online application to the call center of OTP Bank

If you are considering an average-sized loan of 25,000 rubles. and at a minimum interest rate, then the best option would be the offer of OTP Bank with a short online questionnaire.

Send an online application directly to the call center of MKB Bank

If you are considering a consumer loan up to 3,000,000 rubles, then the best solution would be to apply to MKB Bank.

Microfinance companies

In order for a borrower to be able to obtain a loan from a bank, one of the main conditions is to have a positive credit history. Often in young families this parameter is violated. Young people are irresponsible in repaying their obligations, not fully understanding the consequences of failure to comply with the terms of the contract.

In this case, a young family can apply for a loan through the IFC. The deal will be a solution when you need a small amount of money for a short period of time. It will help improve your credit history, but you should treat it responsibly and seriously.

Companies do not have separate programs for lending to young families. Users can take advantage of popular offers from the following MFCs:

Features of the transaction:

• Credit history does not matter, although if there are multiple open delinquencies in different companies, a subsequent loan may be denied;
• For registration, only a passport is required (a second document may be requested);
• You can apply for a loan completely online and receive it on a card, through money transfer systems, to an electronic wallet, etc.;
• There are companies that provide the first loan free of charge; when you apply again, the amount and term increase;
• Only one loan can be issued to one company; only when it is fully repaid can the next amount be issued.

You can borrow money on the same day of application, new borrowers are considered in a few hours, for repeat borrowers (subject to timely payment) a new loan will be issued in a few minutes.

Answers on questions

What alternative ways are there for young families to borrow money?

Additionally, young families can apply for a loan from private individuals or pawn shops. Such offers are available online, but they should be considered carefully and seriously.

Why might a young family be denied a loan?

For MFOs, the reasons for refusing to provide money may be the borrower’s insufficient solvency, unreliability of the information provided, or doubts about the borrower’s ability to repay the loan on time.

For banks, a negative credit history may also play a role.

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TOP 3 universal loan offers from banks with online application

For citizens of the Russian Federation, the issue of purchasing housing is acute. Sberbank provides a list of mortgage loan programs to resolve this issue. One such opportunity is the home loan program. How does the Young Family mortgage program from Sberbank work in 2019? Lending conditions have become even simpler and better. Let's consider the general principles of registration, collection of necessary documents, as well as who can take advantage of this offer.

Not everyone has their own home, and most young families live either with relatives or in a rented apartment. It is very difficult to save up a down payment while paying a decent part of the family budget for rented housing.

Often, the income of a newly created social unit is small, and the state has developed a special lending and issuance program for the purpose of support. Payment of subsidies (30 - 40% of the cost of housing) significantly helps citizens, but in order to receive it, certain conditions must be met.

Expert opinion

Sergey Bogdanov

Work experience in the mortgage department of Sberbank for 12 years.

Only a portion is paid from the budget of the Russian Federation; the young family will pay the rest of the amount through their own efforts. The state program “Young Family” has been in effect since 2011 and its validity was extended until 2020.

People who have entered into an official marriage can take advantage of government assistance only by purchasing housing on the primary market; these are the constant conditions of the program. Why new buildings? First of all, the state supports both sides - young families and small businesses, and in particular, an increase in the volume of construction and demolition of dilapidated housing. This is a profitable program that works equally for everyone, new buildings today create significant competition, the cost of an apartment in a building under construction is already below the market price, and with government support, young families have the opportunity to purchase housing with a 50% benefit.

But this does not mean that young spouses will not be able to take out a housing loan to purchase housing on the secondary market, or to build a house. The conditions for obtaining a Young Family mortgage from Sberbank in 2019 provide for a wide range of opportunities and attractive rules for obtaining borrowed funds.

Who can participate in the state program from Sberbank “Young Family”

Not everyone will be able to take advantage of the favorable conditions of the state program. The list of restrictions is small, but it still exists:

• conclusion of an official marriage;
• The age limit at the time of filing an application for one of the spouses is no more than 35 years. More details, for example: the husband is 36 years old, the wife is 32, thereby you pass this stage and will be able to take advantage of the state program Young Family;
• if you are a father or, then you also qualify for the conditions of the state program, the main thing is that at the time of submitting your application your age is less than 35 years.

Which real estate properties are suitable for the Young Family program from Sberbank

Depending on what type of housing is chosen, Sberbank will select conditions suitable specifically for this type of housing, taking into account additional nuances. What options can you consider? Let's look at it below:

• secondary market;
• housing under construction;
• construction of a new house.

The conditions for collecting documents and other registration, regardless of the selected object, will not change, the only difference is the interest rates.

Conditions for providing a mortgage under the “Young Family” program

• borrowed funds - 300 thousand rubles;
• own savings of at least 15% of the total purchase price;
• maximum amount – up to 30 million rubles;
• Mortgage loan repayment term – up to 30 years;
• interest rates are 8.9% per annum; additional conditions apply for families with children.

Calculate the amount of monthly contributions using an online calculator

On the official Internet portal of Sberbank, a very convenient service is presented -. With its help, you can calculate the expected financial burden based on your specific calculations. After filling out all the parameters, the calculator will instantly give you an estimated monthly payment amount. You will receive a more accurate calculation before submitting your application, and the monthly payment, accurate to the nearest ruble, will be provided to you before applying for a mortgage loan.

If you entered all the data correctly, the online calculator will give you the estimated amount (+/- 5%). What parameters are entered into the service:

• the full cost of the property, or entering the amount for which you are going to purchase housing;
• enter the amount of equity in the window - down payment;
• The service will calculate the loan amount automatically;
• the period for which you are thinking of using credit funds;
• do not forget to check all the boxes, Sberbank has a lot of benefits, thanks to which lending conditions can become significantly more profitable;
• enter your official salary - the one that you can document.

The procedure for obtaining a mortgage from Sberbank “Young Family”

The preparation itself is not much different from applying for a regular mortgage loan, only the conditions of the “Young Family” program from Sberbank in 2019 are more favorable. First of all, you need to collect an initial package of documents that will facilitate the application for a loan. If you are in doubt whether you have collected the documents correctly, you can contact the hotline, where they will advise you and provide you with a complete list of current documents for submitting your application. In general, this is what the mortgage process looks like:

1. Collecting papers to complete the initial loan application.
2. Sberbank responds within 3 business days. After 3 days, a message with the bank’s decision will be sent to your phone.
3. You need to come to the bank and clarify the amount of approved funds, since Sberbank cannot always approve exactly as much as requested.
4. If the amount is satisfactory, the young family prepares everything at the second stage of applying for a mortgage loan and takes it to the credit department of Sberbank.
5. Credit specialists submit all documents for review and confirmation to the head office (the procedure usually takes 5 - 7 business days).
6. After final approval of the property, you can sign a loan agreement. At the same time, employees open a cell or account for transferring funds.
7. Immediately after completing the mortgage loan procedure and signing the loan agreement, you should contact the MFC or Rosreestr to register the property. Sberbank also carries out an electronic registration procedure, but it does not apply to all categories of housing.
8. After signing the loan agreement, the procedure for insuring the life of the main borrower and insuring the property, as well as transferring it to the bank as collateral, takes place.

List of documents for participation in the state program “Young Family”

The list of documents is more than standard, there are only a few differences in the number of documents that are easy to provide. When applying for a mortgage at Sberbank under the “Young Family” program in 2019, certain conditions apply and a small package of documents is required:

1. Questioning. The application form can be downloaded from the bank’s official portal, or printed out at any nearest Sberbank branch. Specialists will help with the registration, and if you do not want to ask for help, you can use the completed example, which is also located on the website.
2. A photocopy of the passports of all borrowers and guarantors; husband and wife must be co-borrowers of each other.
3. Documentary proof of income. What applies to income: wages, pension, monthly government payments, conducting business or legal activities, etc. The main condition of the bank is that income must be documented.
4. Marriage certificate.
5. Birth certificates of children.

This is the entire list of documents that will be needed to approve the required amount of money under the terms of the “Young Family” state program.

If your spouse went on maternity leave – the benefits of the “Young Family” program

In 10–20 years, while the mortgage is being paid off, a young family will definitely decide to take maternity leave. What to do in this situation? After all, the wife’s salary was also included in the size of the family budget. The “Young Family” mortgage program also provides for this scenario.

By submitting to the bank:

1. A document confirming the birth of a child.
2. State certificate of maternity capital (at the birth of a second child). By the way, the certificate is increased every year, and some mothers do not use it until the baby is 3 years old. Sberbank will definitely clarify whether you will repay the mortgage loan using maternity capital in advance or wait until the 3-year period.
3. Extract from the Pension Fund of the Russian Federation on the balance of funds on the certificate.

After submitting a package of documents, the family can count on 1 to 3 years. This condition is legally confirmed and is widely used in practice.

The state program from Sberbank “Young Family” provides favorable conditions and real opportunities. Buying a home to start a family is becoming easier every year. A mortgage from Sberbank “Young Family” in 2019, the conditions of which have become even better, allows millions of citizens to realize the dream of purchasing their own home.

A housing loan used to be a long and labor-intensive process, but now it is simplified mortgage lending in terms of registration, collection of documents, and review times. In total, the procedure, taking into account a fully prepared package of papers on the part of the seller and the buyer, does not take more than two weeks, after which you will be satisfied with the newly purchased home.

Mortgage for a young family in Sberbank