Mortgage benefits for families with many children. Helping families with many children to pay off their mortgages

The global problem of most families, especially those with many children, is the lack of spacious housing for all members of a large family to be comfortable.

One of the main directions of the social policy of most states is the support of families with three or more children.

A large family is an officially registered family or marriage in which there are three or more children.

Social support for such households, as mentioned above, is guaranteed by the state.

State program for large families

At the moment, there is no specific state program for large families. However, there are numerous offers from banks and state institutions (Sberbank, AHML), which imply preferential reduced interest rates (from 2 to 4% per annum).

In 2017, the improvement of living conditions by obtaining a preferential mortgage can be achieved through the use of maternity capital, a one-time tax deduction for real estate.
Applications from large families are considered quickly, it takes 2-3 days. Solvency affects the positive decision of the bank. In addition to the total income of all officially working family members, you can attract grandparents to become co-borrowers. And then their income is also summed up. In general, large families are allowed to attract up to 6 co-borrowers.

Preferential mortgage for large families

Many commercial and government structures have developed quite acceptable schemes that provide mortgage benefits to large families. Thus, banking structures such as Sberbank of Russia, AHML and other commercial banks provide real assistance in purchasing housing.

What is a mortgage from AHML?

AHML is a housing mortgage lending agency. They offer the most favorable mortgage lending conditions for large families, where a whole range of advantageous offers is provided:
- the initial payment is from 10% (when using mother capital);
- lending rate for mortgages with state support - from 10.5%;
- when buying housing in a new building - from 12%, in the secondary market - from 12.25%;
- the calculation of the repayment of credit funds is carried out in such a way that the monthly payment of the family does not exceed 50% of the total income of all working family members;
- there are deductions from the interest rate for large families;
- assistance program (mortgage loan restructuring) for families with one or more minor children.

Mortgage of Sberbank of Russia

Consider the terms of the mortgage from the Savings Bank of Russia.
The minimum rate is 11.25% per annum.
According to the scheme developed by Sberbank, a young family with many children, when applying for a mortgage, can attract up to six co-borrowers. This greatly facilitates the financial fate of a young family and facilitates the very possibility of obtaining the consent of the bank to provide a mortgage.
In addition, Sberbank provides a deferral of loan repayment up to five years in the event of the birth of another child.
Sberbank is developing another more profitable mortgage lending scheme for large families.
It should be noted that real assistance and profitable mortgages for large families have been developed by many banking, commercial and government structures at the regional level.
Apartment without a previous owner: from the developer, in a new or under construction building.
The apartment is from the owner - a private person.
House outside the city.
The land on which the client will independently build a house.
These mortgage options have different terms and rates.
- Minimum amount: 300 thousand rubles.
- Amount limit: no more than the cost of the selected housing minus 15%.
- Maturity: up to 30 years.
- Percentage of accrual: from 12.5%.

Mortgage in VTB24

A mortgage for a large family at VTB24 has a number of advantages. The amount that the bank can give you is up to 8 million rubles, depending on the region and your total income. The interest rate will be only 10.2%, and the first installment from 20%. You can always use maternity capital to repay a loan or down payment, if this amount is not less than required.

Favorable mortgage for large families at the regional level

Here are specific examples of concessional lending in the regions:
In the Krasnoyarsk Territory, in 2011, a bill was adopted that provides for real assistance to families with four or more children. Funds are allocated from the budget to repay 75% of the loan rate, but not more than 150% of the Central Bank's refinancing rate. If there are five children, then the state fully repays the loan rate, but on condition that it is less than two refinancing rates.

In the Novosibirsk region, families with many children classified as low-income receive an additional 100,000 rubles from the state treasury.
In Udmurtia, to support large families, very attractive mortgage lending conditions are offered: down payment - 10%; rate - only 5%; additional subsidies in the amount of 200,000 rubles to repay the loan at the birth of a third child.

In the Penza region, thanks to the program envisaged for 2010-2016, families raising five or more children are eligible to apply for state support in the form of 500,000 rubles. This money can be directed to the construction, purchase, repair or reconstruction of housing. One of the areas of state assistance to the most vulnerable segments of the population is mortgages for large families. Unfortunately, it is impossible to get a loan without a down payment. However, you can count on some concessions on the part of creditors. The main ones are lower interest rates, a longer repayment period, the possibility of raising funds using a parent certificate, one-time cash payments from the budget, etc. Each of these concessions can significantly simplify the fulfillment of creditor obligations.

Going towards large families (having more than three children), the regional leadership develops and implements many different programs to facilitate the solution of the housing problem.

Moreover, the preferences provided by many social services at the regional level apply to both urban residents and large families living in rural areas. In some regions of Russia, mortgages are provided for large families in the form of assistance in acquiring a land plot for housing construction.

To improve living conditions in some regions, one-time cash payments are provided for the purpose of repairing or expanding housing.

In most regions, mortgages for large families are provided from special regional maternity capital. The creation of such an account at the regional level greatly facilitates the solution of the housing problem for many large families.

What does a large family need to apply for a mortgage?

You need to prepare and take with you the initial package of documents necessary to consider the characteristics of the client. It includes:

• Passport
• Information about spouse, children
• Certificate of a large family
• Employment book or paper from the place of permanent employment with a mark of six months of experience
• Certificate 2-NDFL or other according to the requirements of Sberbank, which indicates the constant amount of payroll accruals
• Information about the income of the second half, which acts as a co-borrower
• Other family accruals (from rent, fees, etc.)
• Systematic family expenses (except utility bills)

If spouses have low incomes, they can enlist the help of relatives or acquaintances whose income level is very significant. They apply as co-borrowers. By agreement, the contract can specify the amount required for payment by the co-borrower. If the client can pay the mortgage himself, but there is no way to prove his solvency, you should not indicate the size.

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Russians apply for preferential mortgages without even reading the terms of the program. Hearing the word "preferential", many decide that we are talking about almost an installment plan for everyone. If they fit the conditions of the state and banks, then they will be surprised to learn that compensation from the budget is calculated for only a few years, and not for the entire line of lending.

CIAN talked to regional realtors and compiled a rating of the most common myths about subsidized mortgages.

1. Preferential mortgages are available for young families

State support for obtaining a loan is not available to all young people and not only. It applies to all families with two or more children. Moreover, the youngest child should be born no earlier than January 1, 2018. And parents should be only citizens of Russia.

2. The state does not limit the amount of credit (because it is rich)

The credit limit under the program is limited. In Moscow, St. Petersburg, the Moscow region and the Leningrad region, it can vary up to 8 million rubles. In other regions of Russia - up to 3 million rubles. That is, you can buy an apartment for 30 million rubles, but the down payment must be at least 27 or 22 million, depending on the region.

3. Down payment doesn't matter

The amount of the minimum contribution is specified exactly - from 20%. Thus, those who want to use maternity capital as a down payment can count on an apartment that costs no more than 2 million 200 thousand rubles.

4. 6% for the entire loan term

Decree No. 339 of March 28, 2019 approved that the subsidizing period applies to the entire term of the loan in the amount of 6% per annum.

Previously, this decree had a rule: at the birth of a second child, the six percent rate is valid for no more than three years, if a third is born - five years. In the case of a second and third birth, the family can receive eight years at a reduced rate.

5. The program subsidizes mortgages in the secondary housing market

Preferential mortgages are issued exclusively for new houses and apartments. Including, if a shared construction agreement is drawn up. The secondary market in this scheme is excluded.

6. Refinancing is possible for any residential property

Refinancing a mortgage at a preferential 6% is possible only if the loan is issued for new housing and purchased from a company. It is useless to apply to DOM.RF with an application to change the terms of the loan, even if the apartment was bought in a new building, but its first owner was an individual, and not a legal entity. If the apartment was purchased from a real estate agency, developer or other legal entity, then refinancing is possible.

7. Benefits can only be used once

The government does not limit the number of mortgage contracts that can be issued to one family at a six percent rate. The main thing is that the applicants should be solvent and fit the conditions for providing such loans. Therefore, if the family managed to quickly pay off the first loan, it can apply for a second and even a third.

8. A loan at 6% can be obtained from any bank

The state approved a certain list of banks participating in the program of state support for mortgage lending in 2018, where you can get a preferential mortgage. To get acquainted with it, you need to go to the DOM.RF website.

9. Family income doesn't matter

Despite the fact that the preferential loan program itself says that there is no need to confirm family income, banks always check the solvency of applicants. Therefore, it is not worth counting on the "indulgence" or "duty" of banks not to pay attention to the size of the salary. It often happens that, having received approval at the first stage, applicants, as a result, receive a refusal from the bank or an offer to receive a smaller amount. The reason is insufficient financial security.

10. Benefits can also be obtained under a foreign currency loan

Loans are given in rubles, so those wishing to play on exchange rates will be refused. As it turned out, there are quite a few Russians who believe in the imminent fall in the quotes of the world's leading currencies and want to get a soft loan for housing in dollars, euros, and even in yen and Swiss francs. Such "dealers" will be disappointed, because the program is designed only for ruble loans.

Parents with 3 or more children often need better living conditions. The state and commercial banks are meeting the needs of the Russians, providing an opportunity to take a housing loan on favorable terms. It is important to familiarize yourself with all the offers of credit organizations in order to choose a preferential mortgage.

Preferential mortgage lending programs for large families

There are several types of programs that offer mortgage benefits for families with many children. You can familiarize yourself with the offers of banks and lending conditions in the following table:

Legal regulation

Benefits for parents raising several minor dependents, mitigated requirements for housing loans are provided for by the Federal Law of December 29, 2006 No. 256-ФЗ “On Additional Measures of State Support for Families with Children”. The rules for obtaining state support for the purchase of real estate by low-income citizens with many children are stipulated in Article 49 of the Housing Code of the Russian Federation “Provision of premises under a social tenancy agreement”.

Preferential mortgages for large families at 6% per annum are regulated by Decree of the Government of the Russian Federation dated December 30, 2017 No. 1711 “On Approval of the Rules for Providing Subsidies from the Federal Budget to Russian Credit Institutions and the Joint Stock Company Agency for Housing Mortgage Lending” to compensate for lost income on issued (acquired) ) housing (mortgage) loans provided to citizens of the Russian Federation with children”.

Mortgage benefits for large families

• reduced interest rate of the loan;
• reimbursement of part of the mortgage by the state;
• reduced amount of the initial payment;
• long term loan repayment;
• debt restructuring with deferred payments up to three years when a new baby appears in the family.

Reduced interest rates on mortgages

Banks that work with government programs to subsidize the purchase of housing by low-income Russians with several kids provide interest rate benefits when issuing housing loans. You can compare the offers of leading credit organizations below:

Repayment of mortgages for large families

Citizens who urgently need to improve their living conditions can take advantage of benefits under state subsidy programs. The maximum subsidies from the federal budget are 35-40% of the value of real estate. The cost of 1 sq. m of residential property purchased from developers is established by the regions, but should not exceed 35 thousand rubles.

The subsidized living space limit per person for a community unit of three or more people is 18 sq. m.

The amount of subsidies and benefits from the state, depending on the number of households:

Reducing the amount of the down payment and repayment at the expense of mother capital

Buying an apartment, Russians raising several minor kids can use maternity funds to pay off the first payment on a mortgage loan. Current offers of banks can be seen in the following table:

Revision of interest downwards upon the occurrence of certain conditions

Lending organizations can reduce the overpayment on a mortgage loan for their borrowers. Conditions of the leading banks and the amount of the rate cut:

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Families with many children are currently in the Russian Federation at a significantly lower standard of living than families with one or two children. This is due, as a rule, to the high cost of living, as well as increased requirements in terms of the financial maintenance of a large number of children. In addition, there are often cases when the family's existing housing conditions are seriously limited. In these cases, the state helps to improve such conditions.

How can the living conditions of families with many children be improved today, and under what conditions can certain benefits be obtained? What regulations should be guided by now?

Criteria for determining a large family

In 1999, Federal Law No. 138 “On State Support for Large Families” was under consideration in the State Duma and the Federation Council. One of the goals of this law was the formation of a single federal mechanism for determining which family has the right to be called a large family. Since the law was never adopted, the right to determine whether a particular family belongs to the number of large families remains with the regions.

To date, those families in which at least three relatives (that is, those born in this family) or adopted children are brought up by default can be ranked. If we are talking about regions with a high birth rate, where birth and death rates differ in the direction of exceeding the birth rate over mortality, then the status of a large family can be obtained by a family that brings up at least four or five children.

The main condition is that all children who are taken into account are not of legal age. As soon as one or more children turn eighteen years old, the family may lose the status of having many children if the number of minor children does not correspond to the number established in the current legislation.

The number of minor children who must be brought up in a particular family in order for it to receive the status of a large family is established in each at the level of legislation in a particular region. The change in the number of such children can be carried out on the basis of how the birth rate in the region changes, as well as the state of the budget of a particular region.

The problem of mortgage lending to large families

However, it is often necessary to talk about large families from the standpoint of the fact that their income level for obtaining mortgage lending is insufficient. This is one of the main reasons why banks most often refuse to provide such loans.

Another significant problem when purchasing housing using a mortgage loan by a large family is the presence of a large number of persons who are dependent on the borrower or.

The more dependents a potential borrower or co-borrower has, the greater the interest on the loan and the amount included in the monthly payment, as the bank strives to ensure that all borrowed funds will be returned.

It is for this reason that often a large family cannot fully pay such payments on time, as a result of which it may lose the acquired housing.

Another problem of mortgage lending to large families is the fact that such families often do not have real estate that could be used as collateral, or the pledged property (except for those acquired using a mortgage loan) is the only housing.

In the event that persons who have taken a mortgage loan for housing conditions do not pay all available payments on time, both residential premises can be seized by the bank for debts as mortgaged under the terms of the loan. For this reason, such a family may lose any living quarters in which they can live.

It is precisely because of the presence of such problems in the implementation of mortgage lending for large families that the state decided to provide those families who decided to use just such a service to improve their living conditions.

New legislation on mortgage lending to large families

The state program "Housing", which provided opportunities for obtaining housing using preferential mechanisms for obtaining housing for categories of the population, was terminated ahead of schedule in 2017, since the limits of state injections for its implementation have now been completely exhausted.

However, the problem of insufficient housing, which was addressed by this program, continues to persist. It is for this reason that the previously existing program was replaced by a new one, which implies the provision of housing to those families who decide to apply for a preferential one.

The rules for providing such preferential mortgage loans were approved by Decree of the Government of the Russian Federation No. 1710 dated December 30, 2017. The adoption of this program became necessary due to the loss of relevance of the previously existing "Housing" program, since from now on the main goal of the state was not just to provide those categories of citizens of the Russian Federation who are interested in such assistance, but also to stimulate high-quality social construction in terms of providing various categories of the population with affordable and high-quality housing. Such goals were approved by the President of the Russian Federation in the annual Address to the Federal Assembly and announced in November 2017.

In accordance with the said Decree, all persons who confirm their rights to assistance from the state in terms of obtaining housing can be issued a preferential mortgage. Indication of the formation of the relevant norms of the current legislation, as well as the creation of special conditions for the implementation of various forms of mortgage lending, including using a reduced interest rate - no more than six percent per annum for families with a second or third child born from January 1, 2018 .

The content of mortgage benefits for large families

Due to the fact that since January 1, 2018, the conditions for mortgage lending for large families have changed, it is necessary to imagine how they now look from the state.

The preferential programs that were in effect until 2018 are ending. These programs include:

• interest-free mortgage from the state. This program consisted in the fact that the state provided families with many children who needed to improve their living conditions with an interest-free loan in the amount of at least eighty percent of the cost of the purchased housing. This loan was provided for a period of five to twenty years and could only be used to purchase housing in the housing stock or to own a house. In some regions, this loan could be replaced by a mortgage issued in the partner banks of this program (banks with partial state participation), and the interest on the loan taken was paid in full by the state. To date, this preferential program has completely stopped accepting applications from citizens, however, those applications that were submitted before January 1, 2018, and for which interest-free mortgage loans were not provided, are being processed to date;
• government mortgage repayment. This program also stopped accepting applications from January 1, 2018, however, processing of those applications that were submitted earlier continues. The essence of this program is that the state fully repays the mortgage debt of a large family, but only if it is recognized. In order to receive such preferential assistance from the state, the family declaring its need must: confirm the status of the poor, documented the absence of debts to the bank, and also confirm that they paid the bank at least thirty percent of the total cost of housing purchased using the target loan. If all the above conditions are met, the state will repay the rest of the amount, and the housing will become the property of a large family.

A mortgage for large families is a special form of mortgage lending, which, after the latest changes in the current legislation, has become significantly easier in terms of its repayment by such borrowers. However, eligibility for such a mortgage must be documented and proof that the family is able to pay for such a targeted loan.