Improvement living conditions is priority direction use of maternity capital. Exactly because of this reason mortgage under maternal capital is very popular among those families who have received the right to government support as capital.

Directions for using maternity capital within mortgage lending

If a family decides to use maternity capital to improve their living conditions through mortgage lending(to repay the mortgage with maternity capital), then you need to remember that there are three main options for using family capital:

1. Repayment of principal and interest on a previously issued housing loan. This is possible when working with Sberbank, DeltaCredit Bank.
2. Using maternity capital as a down payment on a newly issued mortgage loan. This is possible at the Bank of Moscow, at VTB24 Bank, at Nomos Bank, at DeltaCredit Bank.
3. Increasing the mortgage amount due to the equity in the purchase of a home that is more expensive than your income allows. This can be done at Rosbank, Izhkombank, Tver Mortgage Center, at the Mortgage Agency housing lending, at UniCredit Bank.

Features of the use of maternity capital within the framework of mortgage lending

The main features of the use of maternity capital within the framework of mortgage lending are the following:

• Firstly, maternity capital is not cash, but simply the family’s right to state aid, confirmed by the appropriate certificate. Therefore, the understanding of capital as something that can act as collateral for a loan or as security for it is incorrect.
• Secondly, not every bank accepts maternity capital in the form of payment on the principal debt and interest on the use of loans. It is even more difficult to use maternity capital in the form of a down payment on a mortgage loan.
• Third, maternity capital can be used to purchase any housing (built, under construction, at the project stage), but this can only be done through direct purchase and sale or construction.
  

  If maternity capital is used as part of mortgage lending, then the type of housing purchased is determined by the bank and the specific loan product: some banks (loan products) work only with new buildings, others, on the contrary, with secondary housing.

• Fourth In order to use the capital to repay a previously issued housing loan, there is no need to wait until the child’s third birthday or the expiration of a three-year period from the date of adoption of the child. However, in order to direct family capital to an initial fee For a mortgage loan, you must wait a three-year period.
• Fifthly, when purchasing housing with capital funds (or part of the funds), the residential premises must be registered in common property all family members (parents and all children).

Banks working with maternity capital

Can be called the following banks who in 2014 issue mortgage loans against maternity capital (that is, accept family capital in the form of a down payment) and/or repay housing loans with maternity capital funds:

1. DeltaCredit Bank. This bank issues a loan for housing using maternity capital with a minimum down payment of no more than 5%. Family capital funds can be used to make a down payment and to repay the principal and interest on the loan early. The bank takes into account the solvency of the applicants, as well as the remaining amount of maternity capital when calculating maximum amount a loan to work with maternity capital;
2. UniCredit Bank. This credit institution allows you to use maternity capital to pay off your mortgage;
3. Sberbank. This bank works exclusively with finished buildings and issues loans at a rate of 14% per annum for a maximum of 30 years. Residential premises purchased using credit funds Bank, must be registered as the property of the borrower/shared shared ownership spouses and his/their children;
4. Bank of Moscow. This banking institution does not yet accept maternity capital as a down payment, but it repays the principal amount of mortgage loans and interest on it;
5. VTB 24. In this bank, the rate on housing loans is 11% or higher, and loans are issued for a period of up to 50 years. IN this year VTB24 Bank provided the opportunity to use maternity capital as a down payment on a mortgage;
6. Nomos Bank. This bank relatively recently began working with maternity capital, but was already able to offer a very profitable loan product that allows you to effectively use capital funds to improve housing conditions;
7. Rosbank. This bank offers borrowers to expand their opportunities to purchase housing on credit by repaying loan debt with capital;
8. Izhkombank. The bank offers loans for the purchase of residential premises and for the completion of construction of an unfinished construction project;
9. Tver Mortgage Center. Working with this institution will allow you to purchase more comfortable housing by increasing the loan amount without taking into account bank restrictions;
10. . This credit institution offers profitable mortgage loans with capital raised as a down payment and as amounts to repay the principal and interest on the loan.

Below is a table differentiating the type of housing (under construction, finished, primary or secondary) with which the above banks work.

Bank	Under construction	Ready
DeltaCredit Bank	+	+
UniCredit Bank	-	+
Sberbank	+	+
Bank of Moscow	+	+
VTB 24	+	+
Nomos Bank	+	+
Rosbank	+	+
Izhkombank	-	+
Tver Mortgage Center	+	+
Housing Mortgage Lending Agency	+	+

Bank interest rates on mortgage loans using maternity capital

Let's consider bank interest rates on loans in which parent capital is allowed to be used. Interest rates are indicated in accordance with the terms of each loan product.

Banks working with maternity capital	Credit products	Interest rate
DeltaCredit Bank	DeltaEconomy	from 13%
	DeltaStandard	from 7% to 10%
	DeltaRublevy	from 10% to 13%
	Delta Option	from 6% to 9%
	DeltaDream	from 11%
UniCredit Bank	Loan for the purchase of an apartment or cottage	from 12% to 13%
Sberbank	Purchase of housing under construction	12%
	Purchase of finished housing	from 12% to 13%
Bank of Moscow	Mortgage + maternity capital	from 11.9%
VTB 24	Secondary housing	from 11.95%
	New building	from 12.95% to 13.95%
Nomos Bank	Apartment + Maternity capital	from 12.25% to 14.5%
Rosbank	Standard	from 12.35% in rubles, from 9% in dollars and euros
	New building	from 13.3% in rubles, from 10.75% in dollars and euros
	country estate	from 12.6% in rubles, from 9.75% in dollars and euros
Izhkombank	Maternal capital	from 8.95% to 11.95%
Tver Mortgage Center	Maternity capital plus	(calculated as a percentage of overpayment on the loan) - from 50% to 80%
	Maternity capital plus + House	(calculated as a percentage of overpayment on the loan) - from 50% to 70%
Housing Mortgage Lending Agency	Maternal capital	from 7.65% - when working with the primary market, from 8.95% - when working with the secondary market

Documents required when using maternity capital

Each bank's package of documents will be different. Below is standard package documents that any bank may need to process mortgages when a family uses maternity capital:

• Maternity capital certificate - original and copy;
• Certificate from your local office Pension Fund on the amount of family capital balance in the family account;
• Certificate 2-NDFL (certificate of income for the last six months);
• Copies of the most recently completed and submitted tax returns(mother and father);
• Documents confirming the income of close relatives (regardless of whether they will be guarantors for the loan);
• Applicant's passport;
• All documents related to the residential premises being loaned.

How to use maternity capital in banks: step-by-step instructions

To apply for a mortgage when using maternity capital in the form of a down payment, you must follow the following sequence of actions. Remember that you can use capital in this direction only after three years or more have passed since the birth or adoption of the child.

1. Receive a certificate for maternity capital, select residential premises to purchase it with a mortgage.
2. After receiving a certificate from the Pension Fund and concluding a contract for the sale and purchase of residential premises, you need to contact the bank with a full package of documents (see above).
3. The bank will consider the application for a loan and the use of capital as a down payment on the loan from several days to a month.
4. After approval of the loan application, the bank will issue a preliminary letter of confirmation of the loan and notify the borrower of the deadline for transferring maternity capital funds to make the down payment.
5. Having received a preliminary letter about the loan, the borrower must contact the Pension Fund to transfer capital funds. This is done in order to request a certificate from the Pension Fund about the amount of capital balance (even if they have not been used at all previously).
6. Go to the bank and apply for a loan. Receive copies of all mortgage documents.
7. Contact the Pension Fund with an application (with attachment loan agreement and mortgage agreements) deposit capital funds into a bank account.

After all, until 2015, it was generally prohibited to use state money for a down payment. Let's consider in this article whether it is possible to use maternity capital for a down payment on a mortgage and when can these funds be used?

Maternity capital as a down payment on a mortgage

Is it possible to contribute maternity capital as a down payment on a mortgage? Yes, now this is possible, previously it was prohibited. But you shouldn’t think that everything will go smoothly and painlessly.

First, Something to think about – can you even afford a mortgage? Okay, now it seems that you have enough funds. What if one of the family members gets sick?

You should also definitely take into account that a mortgage is a great chance to lose both your home and your capital as the down payment on the mortgage, if suddenly a debt arises that you cannot repay and the court forecloses on the mortgaged apartment. Even status won't help large family, they will evict anyway.

The second difficulty is choosing a bank. Unfortunately, the situation is such that fewer and fewer banks agree to deal with maternity capital. And those who do go for it, as a rule, do not hesitate to raise the interest rate.

Among the banks working with family capital, the most famous are: VTB-24, Sberbank, Delta Bank, Bank of Moscow, Rosselkhozbank and some others.

So, let's take a closer look: “Can maternity capital be used as a down payment?”

Maternity capital and mortgage, watch the video:

What does the law say?

As already stated, for quite some time Federal Law No. 256-FZ an option where maternity capital - a down payment on the mortgage was not provided at all. It was possible with the help of a subsidy only to repay the loan amount or the interest part.

However, in 2015, the State Duma approved bill No. 752376-6, allowing the use of a family “case” to pay a down payment.

Important: It will be possible to make a down payment on a mortgage with maternal capital only when the second or subsequent offspring reaches three years old.

This rule does not apply only to repaying the body of the loan. Debts and penalties can never be paid off with the subsidy received, under any circumstances.

Terms of Use

Actually, there are few of them:

• Both spouses have official work;
• lack of other living space in the property;
• valid right to a maternity certificate.

Is it possible to use mat capital for a down payment on a mortgage and what are the conditions, see the video:

How to calculate the down payment? This will depend on the requirements of the bank you contact.

You can pay the entire first deposit with a subsidy, or you can use maternity capital as a down payment only partially. Many banks set a standard of at least 20% of the total cost of the home.

Step-by-step instruction

So, the son or daughter who brought you the right to the long-awaited subsidy is three years old.

You have selected an apartment that you can take out on a mortgage with maternity capital, and the down payment will be the funds from the maternal capital.

Now you should select a bank. You need to carefully study all the conditions that are offered to you.

You especially need to pay attention to the small print under the “asterisks” - usually this is additional payments. Or the advertised benefits will only apply under the condition that... it says which one.

But let’s assume that the bank has arranged for you, and housing has been selected. Now, before using maternity capital as a down payment, You need to collect a package of documents for the bank.

What does it include?

• certificate;
• tax returns (copies);
• certificate in form 2-NDFL;
• a certificate from the Pension Fund stating that maternity capital is present in the account;
• statement.

Further Bank experts calculate the solvency of the applicant. The family capital is added to the calculated amount, this will be the final loan.

After this, you need to submit to the branch of the Pension Fund of the Russian Federation an application for the disposal of funds from the “case”. A maximum of six months is allotted for this. It will also require its own package of documents:

• general civil identity card;
• SNILS;
• certificate;
• mortgage agreement (copy);
• a notarized obligation to allocate shares to all family members (executed after the encumbrance is removed from the home).

Why is there no phrase “transfers funds”? But because he won’t do it yet.

If the subsidy was used in this way - using maternity capital as a down payment on a mortgage - then the mechanism is somewhat different than with simple loan repayment.

The certificate itself does not mean a bank check, but just symbolizes the right to receive funds.

And behind the words “payment of the down payment” lies the following - another loan is issued to the client, but this time for the family capital. This loan goes as a down payment.

The interest rate on it is 8.75%. This is exactly the amount set by the Central Bank as the refinancing rate. That is, a small but significant increase in interest on the loan.

And the family will have to pay this premium until the mortgage loan is repaid in full! Only then will the Pension Fund transfer the money to the bank.

Bank requirements

General requirements for credit financial organizations the following:

• availability of official earnings and white salary;
• total work experience of at least five years;
• at least six months at the last place of work;
• income statement of close relatives;
• attracting co-borrowers.

In addition, banks may state additional requirements, which we will discuss below.

VTB 24

VTB-24 requires the provision of the following documents:

• providing information about education;
• copies of employment contracts;
• information about all available loans;
• information about the presence of valuable property.

Sberbank

Additional requirements of Sberbank include the provision of:

• presence of two guarantors;
• experience in the last place from one year;
• attracting co-borrowers;
• information on the income of close relatives;
• good credit history.

Rosselkhozbank

This organization is generally extremely reluctant to agree to any mitigation of conditions. He extremely does not like to agree to refinance if the family encounters any financial difficulties.

The applicant's credit history will be checked— Is it possible to use maternity capital as a down payment on a mortgage for a specific person? You can attract up to three co-borrowers.

As for the restrictions, you can only buy an apartment with a down payment of maternity capital that would be a maximum of ten times more expensive than the family capital.

And as for new buildings, even less – five. In addition, the object must not be under construction.

As has already been said, in the case of a down payment from a family “case” the situation is different than with a simple repayment of the loan amount or a percentage of it. Answering the question: “Can maternity capital be made as a down payment on a mortgage?” you must understand that Instead of one loan, you will have two.

It’s easier to save for a down payment than for an entire apartment, so you need to think about everything several times possible options. And in general, if there is at least one chance, do not take out an apartment on credit with a down payment of maternity capital!

In any case, the loan agreement must necessarily mention that the collateral is housing, What is this home loan, and not simple consumer. For the latter, the use of maternity capital as a down payment is not provided at all.

It should also be remembered that any mortgage is always a risk. And it doesn’t matter if it’s a mortgage with maternity capital as a down payment or another kind of mortgage loan.

As a result, not everyone stays with their apartments. If it comes to bankruptcy and the sale of the mortgaged home at auction, the amount of capital cannot be returned.

And from this, and even in a difficult economic situation, there is no way to be insured. Simply put, you will find yourself without housing and without subsidies.

You also need to prepare yourself for the fact that banks generally like to “raise” interest rates almost to the maximum for everyone who declares mat capital for the down payment on a mortgage.

It may well happen that your rate will be almost 20% per annum. Is your family able to do this? If in doubt, it is better to refuse this option.

Especially You should not provide “fake” 2-NDFL certificates. After all, if you find yourself in a difficult situation and the bank carries out an inspection, then you can easily be accused of illegally obtaining a loan, and this will mean trial and criminal liability.

To summarize: “can mat capital be used as a down payment?” - we answer yes. But it turns out that maternity capital as a down payment on a mortgage is a very risky business and frankly not profitable.

Suitable for those who really do not have and do not foresee a chance to get money for a down payment from other sources or will have to save for a very long time.

Watch the tips and warnings from experts about using mat capital for a down payment in the video:

The Ministry of Labor proposed extending the maternity capital program for 5 years, until 2023. According to statistics, more than 60% of families invest this money in improving their living conditions. Some use maternity capital to pay off mortgage debt, others spend everything on the down payment for an apartment. Let's consider which of these options is more profitable.

Terms of use

You can spend maternity capital to pay off the debt on a mortgage loan, regardless of which bank you are dealing with. But not all financial institutions agree to accept funds allocated by the state as a down payment, so it may be difficult to find suitable mortgage lending conditions.

If a family decides to buy expensive housing, maternity capital may not be enough even for the down payment, which means they will have to pay extra. Since the beginning of the year, the amount of maternity capital has been 453 thousand rubles, and you should not count on indexation of this amount in the coming years. The down payment on a mortgage is 20-30%, so those who want to live in a new Moscow building will start with an amount exceeding 600 thousand. Prices two-room apartments in the capital they start at 3 million rubles, which means that even if you are lucky enough to find cheap housing somewhere on the outskirts, you will have to pay at least 150 thousand extra.

Immediately after joining the family, it will not be possible to spend maternity capital on a down payment. According to current rules, this money can only be used in this way when the child turns 3 years old. But they are allowed to repay the existing mortgage immediately after receiving the certificate.

Maternity capital will not help undisciplined borrowers get out of. These funds cannot be spent on paying fines, commissions or penalties under loan agreements. If there is a delay, it must be repaid, and only after that it will be possible to use the certificate. The purpose of using the funds will have to not only be indicated in the application for disposal, but also confirmed with relevant documents.

The procedure for making maternity capital as a down payment is associated with certain additional costs. First, the bank must issue the borrower a loan for a down payment in the amount of maternity capital. Credit rate in this case it is equal to the Central Bank refinancing rate (at this moment 10% per annum). The Pension Fund will repay this loan only a couple of months after the transaction is concluded, and the interest will have to be paid out of its own pocket. If you pay off the debt on an existing mortgage, then additional expenses it won’t, so this method of using the certificate is more profitable.

Real life example

The Vasenin family took out a mortgage in the fall of 2016. They received a certificate for maternal capital in 2012, but were in no hurry to use it. Spending this money as a down payment was, at first glance, a tempting idea, but certain difficulties arose. Firstly, in this case, they would have to apply for a mortgage through Sberbank, and the family would overpay, since their developer cooperates with VTB 24. Secondly, why give the bank an extra 8 thousand if this can be avoided?

Mortgage lending for families with two or more children is one of the main opportunities to invest funds secured by a maternity capital certificate. By using money from maternity capital for housing loans or borrowings, a family that needs to improve their living conditions can count on a payment from the state in 2016 in the amount of up to 453 thousand rubles without waiting 3 years.

IN general case By Russian legislation mortgage means real estate pledge(apartment, house, room or share in property), which is received by a financial organization (mortgagee) until full settlement of the issued loan funds.

That is, the borrower:

• beret Housing loan or targeted mortgage loan;
• The bank receives housing purchased or under construction as collateral until the debt and interest on the loan are fully repaid;
• in order to be able to fully dispose of the real estate, the final title of ownership is formalized after the mortgage is removed from the living space (that is, after full payment of the borrowed funds, interest, commissions and late fees).

At the legal level, mortgages are regulated Federal law No. 102-FZ dated July 16, 1998 “ About mortgage (real estate pledge)" Not only housing, but also land plot, enterprise or other property.

A mortgage loan secured by maternity capital most often requires an apartment as collateral. Financial institutions are not as willing to provide loans for the construction or purchase of a house as square meters in apartment buildings.

How to use matkapital for a mortgage

According to the Decree of the Government of the Russian Federation No. 862 of December 12, 2007 “ On the Rules for allocating funds (part of the funds) of maternal (family) capital to improve housing conditions", one of the possibilities is purchase or construction of housing. If these procedures are carried out with the conclusion of a loan agreement, then money from maternal capital to non-cash form can be transferred to the credit institution that provided the loan. However, this requires compliance with a number of certain conditions.

After a number of changes made at the legislative level earlier, in 2016, funds under the certificate can be used for the following purposes:

• payment of the first installment under a housing loan agreement, including a mortgage, or under an agreement targeted loan;
• depositing funds towards the loan principal and paying interest.

It is allowed to pay using maternity capital funds exclusively targeted loans - that is, taken for the purchase or construction of housing. A loan agreement can be concluded both before the family has the right to maternity capital, and after. In this case, not only the certificate holder, but also his (her) spouse has the right to be a participant in the transaction.

Strictly prohibited direct funds from maternity capital to pay off fines, penalties or various commissions under loan agreements. The purpose of using the funds must be indicated in the address of the Pension Fund (PFR) and confirmed by the relevant documents listed below.

It should also be noted that housing loans using maternity capital funds are often implemented with the help of special banking programs, for which the government subsidy can be invested in the payment of principal, interest or the first loan installment.

Pay off the mortgage loan. capital

If a mortgage has already been taken out, and a second (third) child is born in the family, the family has the opportunity to make part of the money provided under the maternity capital certificate as an early payment.

In practice, it is much easier to direct money from maternity capital to an already taken out housing loan than to apply for a new one.

Maternity capital for repayment previously taken out mortgage, can be used after submitting the appropriate application to the Pension Fund. The money is transferred from the Pension Fund account to the account of the financial organization from which the purchased housing is secured.

Process repaying the mortgage with maternal capital occurs in the following sequence:

1. If you purchase finished housing (and not in a house under construction), the borrower immediately registers ownership of the apartment in Rosreestr. In this case, a mark is placed on the certificate of ownership that the apartment is pledged to the bank (under a mortgage).
2. A credit institution (bank) obtains a certificate of current debt on loan.
3. The required package of documents is collected and submitted along with the Pension Fund for consideration.
4. The application is reviewed by the Pension Fund within a month. If it is approved, then the same period will be spent on transferring funds from the Pension Fund to the bank.
5. After the money is transferred by the bank, a recalculation is carried out and a new payment schedule is drawn up.
6. The borrower continues to repay the loan.
7. After final settlement with the bank and signing of all papers, the encumbrance on the apartment is removed, and new owner registers it as the property of all family members.

Documents for loan repayment

Maternity capital for the repayment of a mortgage issued earlier is transferred by the Pension Fund to the account of the credit institution after providing the documents listed inclause 6 Andparagraph 13 Government Decree No. 862 of December 12, 2007

For those who want to use maternity capital for a mortgage, the documents are provided according to the following list:

• certificate of ownership for the purchased property (if an already completed apartment was purchased or the construction of the housing for which the loan was issued was completed);
• participation agreement in shared construction (if the owner of the certificate or his spouse purchases an apartment in an apartment building under construction);
• statement of membership in a housing cooperative(if the loan was issued to make an initial or share contribution to a residential complex, housing cooperative or housing cooperative);
• permission to build an individual residential building(if the bank agreed to issue a loan for such a case, and the house has not yet been put into operation).

Maternity capital for down payment

Until 2015, the opportunity to use funds for a down payment on a mortgage loan was provided to certificate holders only after three years from the moment of birth or adoption of the child.

The legislative opportunity to direct funds to the following appeared after the entry into force of:

• Federal Law No. 131-FZ of May 23, 2015 on amendments to Art. 7 and 10 of the Basic Law on Maternity Capital;
• Resolution of the Government of the Russian Federation No. 950 of September 09, 2015 on amendments to the “Rules for allocating maternity capital funds to improve housing conditions.”

After making this decision, the Government predicted the growth of the mortgage lending market by 5-30%, but there was no significant increase. In practice, certificate holders wishing to exercise this right have encountered technical difficulties.

Representatives of the Pension Fund of Russia still cannot unambiguously decide where the funds should be transferred: to the seller or to the bank.

• In the latter case, it will no longer be a down payment, but a loan payment.
• It would be logical to transfer funds to the seller’s account, but the Pension Fund refuses to give money to anyone other than banks for up to 3 years.

Due to imperfect legislation and many technical nuances not taken into account in those adopted by the Government and the State Duma regulatory documents, the issue creates difficulties for borrowers, especially when preferential mortgage with government support.

This problem has been repeatedly discussed at round tables by lawyers, Pension Fund employees and public figures, but it still remains open throughout the country.

• As of the beginning of 2016, the mechanism for allocating funds for a down payment for up to 3 years still not worked out, and in many regions, citizens face numerous problems when trying to use the certificate to obtain a loan.
• Only some banks provide the opportunity to use money from maternity capital for a down payment even after the child's 3rd birthday.

Thanks to their offers, you can take out a home loan (mortgage) in general without depositing personal funds. To do this, two requirements must be met simultaneously:

• the cost of housing should be equal to the amount of the loan calculated by the bank and maternity capital;
• the initial payment should not exceed the amount provided for under the certificate.

Documents for obtaining a mortgage

Depending on the property for which the loan was taken out, documents are collected according to this general list and then submitted to the Pension Fund:

• application for transfer of money indicating the purpose in the direction;
• the applicant's passport with a registration mark;
• if documents are submitted to the Pension Fund by an authorized representative of the certificate owner - the representative’s passport and the power of attorney issued to him;
• if the loan agreement is planned to be concluded for the spouse of the certificate holder - his passport with registration, marriage certificate;
• copy loan agreement concluded with the bank, or targeted loan agreements with a credit consumer cooperative (CPC);
• a copy of the mortgage agreement that has passed state registration;
• a written obligation certified by a notary to register the housing as the property of all family members, indicating the size of shares under the agreement no later than 6 months after the removal of the encumbrance, putting the housing into operation or transfer of funds from the Pension Fund.

In addition, depending on the type of property being purchased, you must attach an additional package of documents:

1. When purchasing on credit already built housing additionally needed:
   • a copy of the purchase and sale agreement after its state registration;
   • a copy of the certificate of ownership (if the housing is not under encumbrance).
2. If a home loan is taken out for investments in shared construction, also required:
   • a copy of the agreement on participation in shared construction with a state registration mark;
   • a statement that contains the amount paid to pay the contract price and the unpaid amount.
3. If the loan is sent for individual housing construction (IHC) secured by a house under construction, the Pension Fund provides:
   • copy of the construction permit;
   • a copy of the construction contract.

Maternity capital up to 3 years

A mortgage using maternity capital has an undeniable advantage compared to other types of targeted investment: a family can draw up a loan agreement with a bank from the moment of the birth or adoption of a second or subsequent child.

This opportunity will come in very handy for those who are already paying off previously taken targeted housing loans, and will also help the family move to a new home earlier.

Housing lending is the only legal opportunity to use funds soon after the birth of a second (third) child. Cash out funds before 3 years or after this date, according to the law, impossible(except as provided until March 31, 2016 ).

If parents are in no hurry to purchase housing, then there's not much difference whether they will take out a home loan on or after:

• until 2016 provision indexed annually on the amount of predicted inflation (there was, but at least it was carried out regularly);
• that is, until recently funds on the certificate did not depreciate in a noticeable way - it’s another matter if the family simply had nowhere else to live and they did not agree to wait 3 years.

However, it is worth paying attention to the following:

According to the law, certificates are planned to be given to children born until December 31, 2018, and you can use the money after this date. However, in current economic conditions cancellation is quite possible annual indexation mat. capital on an ongoing basis, as has already been the case.

In this case, the money is based on the issued certificates. That is, with an eye on such prospects, parents may need to hurry up and find an opportunity to invest the funds provided for under the certificate as quickly as possible, without putting it on the back burner. In this case, a mortgage for many families can become the only one possible solution .

Terms of mortgage loans against capital in banks

Not every bank can boast of a separate loan product for owners. But many financial institutions have offers for those who want to manage government support funds.

In 2016, mortgages against capital are issued by the following banks:

• UniCredit Bank, Bank of Moscow, Alfa Bank, Promsotsbank, Nomos Bank, Sberbank and VTB-24 offer separate products for owners of family capital. The latter two programs are the most popular;
• DeltaCredit Bank offers mortgages from 5% per annum. Maternity capital can be used for both the down payment and the payment of a previously issued loan.
• Raiffeisen Bank offers mortgages with capital for 1-25 years for completed and under construction housing.

Based on the characteristics of interest payments and the loan body (principal), extending the term does not always significantly reduce the amount of funds deposited each month. Probably 20- and 30-year payments will not differ significantly.

Mortgage plus maternity capital in Sberbank

The subheading contains the name of the product that is offered by the bank for those wishing to invest maternal capital. Sberbank has two offers - separately for finished and under construction housing. On the page you can download and fill out a form to contact the bank and calculate the mortgage loan repayment schedule directly on the pages. The terms and conditions of payment are specified in great detail. The website contains practical advice, how to take out a mortgage using maternity capital, register your home as a property, and others.

Sberbank, using its popularity among clients, imposes the most stringent requirements on borrowers to minimize risks. But, largely thanks to selectivity and checks of potential clients, his offers are the most loyal.

Conditions of the mortgage program from Sberbank for holders of certificates under the state program in 2016:

• 4% per annum for real estate under construction and 12.5% ​​for finished housing;
• no loan servicing fees;
• the ability to use maternity capital, including for a down payment;
• the amount you can count on is 300 thousand - 15 million rubles;
• first installment - from 15-20% (this means that if you use maternity capital as a first installment and without attracting personal funds, you can get a loan for a maximum of 3,020-2,265 million rubles);
• payments for up to 30 years (individual calculation);
• special conditions for young families;
• additional bonuses for those who receive their salary on a Sberbank card;
• the program requires collateral in the form of an apartment - before a mortgage can be issued on it, the encumbrance is temporarily placed on another property (or a guarantee is required).

Before applying for a loan, the bank requires confirmation of the borrower’s solvency and an obligation to formalize the mortgaged housing into common shared ownership. The owner of the certificate must contact the Pension Fund with no later than six months later after the loan is issued.

Mortgage programs at VTB-24 with maternity capital

Another bank popular among borrowers holding certificates is VTB. The bank’s website is not as user-friendly as Sberbank’s and contains less useful information, That's why necessary information It’s better to check directly with the department.

Maternity capital in VTB-24 can only be used to repay an already issued loan(you can’t use a down payment). However, this credit organisation also offers to get a mortgage with state support (that is, using maternity capital) at 11.4% (the usual offer is 13.5-14%).

For a mortgage against maternity capital at VTB-24, the conditions in 2016 are as follows:

• you can take out a mortgage on finished housing and an apartment in a building still under construction;
• with the usual list of documents, the down payment is at least 20%;
• it will be a plus a large number of accredited facilities under construction (up to 10 thousand);
• loan size - 1.5-20 million rubles;

Applying to the Pension Fund for maternity capital for a mortgage occurs after drawing up an agreement with the bank. The VTB website also has mortgage calculator. True, it is useless for those who want to take advantage of special conditions in the form of state support.

Social mortgage AHML

The Agency for Housing Mortgage Lending (AHML) not only buys back (refinances) loans already issued by banks, but also provides mortgages with state support on favorable terms.

Within the product " Social mortgage» AHML provides a special option “Maternity capital”, according to which maternity capital is taken into account when applying for a loan for special conditions(they are somewhat different from those credit products, which are offered by banks).

Terms of the offer from AHML:

1. Mortgage loan (loan) includes two components:
   • first- ordinary and is repaid in installments over the period established in the contract (3-30 years);
   • second is issued for 180 days and is reimbursed from the borrower’s capital or personal funds.
2. Co-borrower under this program spouse must act owner
3. The basis of the proposal is the program "Social Mortgage" with favorable conditions for the borrower:
   • down payment is from 10% on the loan size;
   • depending on its amount interest rate changes(the minimum at the beginning of 2016 was only 9.9%).
4. Real estate can be purchased with a mortgage on the primary or secondary market.
5. Amount of credit - from 300 thousand rubles.

The interest for using credit money is floating, and it is more profitable than similar bank offers.

When using maternity capital funds, the interest rate may be:

• 9% with a down payment of 50% or higher (however, using maternity capital in the form of a down payment and not attracting your own funds, you can get absolutely small loan- only about 900 thousand rubles).
• 5% for down payment less than 50%;
• 9% for a loan of more than 1.5 million rubles.

Conclusion

According to current legislation, the owner of the maternity capital certificate can take the target housing credit or loan for the purchase or construction of housing. According to the application to the Pension Fund, the funds secured by the certificate are used to pay off the borrowed money.

The undeniable advantage of such a targeted investment is that the money can be used immediately after receiving the right to maternity capital, that is. In fact, this rule currently only applies to paying off mortgage loans already taken out. In practice, maternity capital is still used for the first loan installment, but usually after the child turns 3 years old.

In addition, some Russian banks offer special programs mortgage lending using maternal capital at a reduced interest rate.

Reading time: 11 minutes

Young families often do not have enough money to buy their own apartment. In this case, if there are two or more children, citizens can apply to the Pension Fund of Russia (PFR) with an application to use maternity capital as a down payment on a mortgage.

What is a mortgage for maternity capital?

The state tries to financially support families raising several children. For this reason, changes were made to the maternity capital program to allow funds to be used to improve housing conditions. Legislation strictly regulates how a young family can spend public money:

• To pay off the principal portion of the mortgage debt and reduce the size of monthly payments.
• As a down payment on a mortgage.

The main difficulty for Russians is that not all banks agree to accept maternity capital as a loan payment. But there are many institutions that accommodate young families and issue loans for the purchase of housing at standard interest rates (from 9 to 14% per annum). Maternity capital funds can be used to pay off existing debt before the child reaches 3 years of age. In 2015, the restriction was also removed that prevented funds from the certificate from being used as a down payment on a mortgage.

Features of bank loan financing

It is very difficult to use maternity capital to repay the down payment in 70% of cases, since the apartment is pledged to the seller until the funds are transferred. By law, the mortgage will be considered unpaid, which is economically disadvantageous for financial institutions. In addition, it will be very difficult for the family to find a property owner who will wait until the money from the Pension Fund arrives. The bank provides a mortgage for the amount of maternity capital as follows:

1. An individual collects a package of documents necessary for consideration of his application. It is imperative to submit a written agreement from the spouse to receive a loan along with all the certificates.
2. Assessing the client's solvency. After a citizen filed a complaint with financial institution, the manager will determine the loan size taking into account the borrower’s official earnings. The “black” part of the income can be taken into account, but as irregular. The lender will add the amount of maternity capital to the amount of earnings and calculate the final loan amount.
3. An individual receives a loan and then immediately sends a notification of receipt to the Pension Fund borrowed money and the need to transfer money from maternal capital to a bank account to reduce debt.
4. After 2-3 months, the entire amount will be transferred to your bank account as a one-time payment.

Social mortgage AHML

Certain categories of citizens can receive a housing loan for preferential terms. The Mortgage Lending Agency (AHML) offers families, as part of the “Social Mortgage” product, to immediately use maternal capital when receiving a loan. The terms of the loan are somewhat different from those offered by financial institutions:

• The loan is initially divided into 2 parts. The first is a classic mortgage from 3 to 30 years. The second part of the loan is issued for 180 days. The borrower must pay from own funds or with the help of mother capital.
• The co-borrower must be the legal spouse of the holder of the maternity capital certificate.
• The offer is based on the Social Mortgage program. The down payment on the loan is only 10% of the loan amount. Depending on size initial capital the interest rate also changes. Its minimum value is 5% with a contribution of at least 50% of the cost of housing.
• Real estate can be purchased on the primary or secondary market.
• The minimum loan size is 300 thousand rubles.

Legal regulation

The ability to use maternity capital as a down payment on a mortgage is provided for by Federal Law No. 131-FZ dated May 23, 2015 and Government Decree No. 950 of the Russian Federation dated September 09, 2015. Although inflation rates remain high, the amount of maternity capital that young families can use , has not changed since 2015 and amounts to 453,026 rubles. Its indexing is suspended by Federal Law No. 444-FZ of December 19, 2016. Not intended use family capital funds are prohibited by law.

Using maternal capital to improve housing conditions for up to 3 years

Since 2015 it has become possible use funds immediately after the birth of the second child. Parents can apply for a mortgage until their youngest child reaches three years of age. To do this, you will need to submit a bank letter to the Pension Fund as proof of the intended use of funds. It is also possible to repay a mortgage loan with maternity capital. To do this, you will need to attach a copy of the loan agreement to your application.

How to get a mortgage using maternity capital for a down payment

Almost all young families want to purchase real estate with government assistance. Applying for a mortgage with maternity capital is not an easy process. It is necessary not only to choose the right institution, but also to have many documents certified by a notary. In addition, the creditor by law has the right to require any additional certificates to conclude a transaction. The process of obtaining a loan and your own home formally consists of 3 steps:

1. Choosing a bank and mortgage lending program. Funds from state budget will be allocated to the borrower if he takes out a mortgage loan from an accredited institution that officially participates in the maternity capital lending program.
2. Obtaining permission from the Pension Fund. After the citizen receives a confirmation letter from the lender, he must visit the nearest branch of the Pension Fund and leave an application for the transfer of funds from maternity capital to the mortgage. The citizen will receive permission from the Pension Fund of Russia in 10–30 days. After this, the borrower goes to the lender with another application.
3. Registration of a mortgage with maternity capital. According to the standard scheme with a wait of up to 6 months for funds, financial organizations issue loans very rarely. Often, 2 loans are issued to a citizen, one of which will be the main mortgage, and the second for the amount of maternity capital.

The procedure looks like this:

1. The individual hands over everything to the bank employee Required documents. It takes up to 10 days to review them.
2. At positive decision The client is invited to the bank to sign loan agreements.
3. With a second loan agreement (for a smaller amount), the borrower goes to the Pension Fund and fills out an application for the use of maternal capital to pay off the existing debt. Until the money arrives in the bank account, the individual is obliged to pay both loans.

Lending terms

Each financial organization puts forward its own requirements for candidates for a loan with capital as a down payment. These may include mandatory list procedures before signing a contract; preliminary assessment of the characteristics of the property. List of mortgage conditions with state support practically does not differ from the list of conditions imposed on individuals receiving a housing loan on a general basis:

• Having a stable income. Most banks take into account the total seniority employee along with his time of work in the last company. The potential loan recipient must have worked at his last place of employment for at least 6 months. The total work experience must be more than 1 year in 5 years.
• The client must not be the owner of residential real estate. If a citizen has registered an apartment or a plot of land for individual construction with an indefinite right of use and a house, he will not be able to obtain a mortgage.
• Good credit history. If there is arrears on any type of loan, the individual will not be issued a mortgage loan.
• Housing purchased with a mortgage with an initial payment from capital must be re-registered as shared ownership after repayment of the debt. This is a mandatory clause, the fulfillment of which can be stipulated by the lender in the contract.

Requirements for the borrower and mortgage housing

Families who decide to purchase an apartment with the help of loans must be prepared to meet certain conditions. Only solvent citizens can use maternity capital as a down payment on a mortgage. If an individual does not have a permanent official income, it is better for him not to contact banks, because his request for a loan will be refused. Lenders' requirements for the borrower and mortgage housing:

• The company's experts will first conduct an assessment inspection of the property. The apartment should not be located in a dilapidated building that is being prepared for demolition.
• The property must not be located on a site designated for commercial use.
• A family who decides to purchase a new building can choose an apartment in residential complexes developers verified by the lender.
• The borrower is required to confirm his income with a 2-NDFL statement. If an individual draws up a certificate in the bank’s form, the loan rate will increase by 0.5–1.5%.
• Mandatory insurance of the borrower and real estate. Each bank puts forward its own requirements regarding this clause of the agreement. Some institutions require the borrower to take out disability insurance, while others require a comprehensive life and property insurance policy.

Documents for using maternity capital for a mortgage

Without providing certain certificates confirming cooperation with the lender, it will not be possible to receive free financial assistance from the state. The certificate cannot be cashed either. The conditions for repaying a mortgage with maternity capital are clearly described on the official website of the Pension Fund. If the child is under 3 years old, non-cash payments money can only be transferred to the bank, but it will not be possible to conclude a deal with the seller directly. The borrower is required to submit the following documents to the Pension Fund:

• application for targeted spending of funds;
• passport identifying the applicant, where registration is indicated;
• a copy of the loan agreement and mortgage agreement (if any) with a state registration stamp;
• if the loan agreement was concluded by the spouse of the owner of the maternity capital certificate, his passport, a certificate confirming cohabitation and a marriage certificate will be required;
• birth certificates and passports of minor children;
• bank certificate about the balance of the principal debt and accrued interest;
• if the applicant has not yet registered the property as common shared ownership, then he must submit a written undertaking to fulfill this requirement within 6 months after the removal of the encumbrance on the property, putting the house into operation or transferring funds from the Pension Fund (if they are used to pay off the remaining debt);
• urban planning documentation along with a cadastral plan, layout of structures and communications on the purchased property.

The listed documents are needed regardless of whether the family wants to receive money for a mortgage loan for a down payment or is going to fully repay the debt to the lender. Depending on the purpose of the loan, the family will need to submit a number of additional certificates and certificates to the Pension Fund civil servants. They are necessary to confirm the intended use of money. These documents include:

• Certificate of ownership of the purchased object. The borrower has it if the mortgage was issued for a finished apartment.
• Agreement on participation in shared construction. Attached to the documents if the apartment is located in a building under construction.
• Statement of membership in a housing cooperative. If the loan was taken out to make a down payment on housing cooperatives, housing cooperatives, housing complexes.
• Permission to build an individual residential building. If the lender has agreed to issue a loan for individual housing construction, but the cottage has not yet been completed.

Which banks issue loans?

There are few financial organizations that agree to accept maternity capital as a down payment on a home mortgage. the main problem lies in the timing of the release of funds from the state budget. Some families have to wait 5–6 months for money, which is not at all beneficial for creditors. If a citizen has firmly decided to get a mortgage using capital as a down payment, he can contact the following organizations:

Name of institution	Interest rate (%)	Maximum loan amount in rubles	Loan term in months	Special conditions
Sberbank of Russia	from 7.4	30 million	360	the spouse and close relatives can act as co-borrowers; it is possible to defer the payment of the principal debt at the birth of the baby; accelerated re-registration of ownership when repaying debt.
VTB 24	11,95	90 million	600	compulsory insurance of real estate; registration of ownership of square meters in 2 weeks.
Raiffeisenbank	9,25	25 million	360	at the time of loan approval, the borrower should not have housing loans; official income is required.
Binbank	11,5	15 million	360	housing loans are available to individual entrepreneurs; early repayment without commissions; down payment – ​​5%; you can attract co-borrowers;
Gazprombank	from 9	60 million	360	The borrower's age is at least 20 years; the security is property rights; the loan can be refinanced in the future; It is imperative to submit title documents for the purchased housing.
Svyaz-Bank	11,5	30 million	360	Borrower's age – from 21 years; compulsory property insurance after concluding a contract; there are no restrictions on the minimum amount; There is no moratorium on early debt repayment.
Bank opening	9,2	30 million	360	when setting interest, the income from 3 co-borrowers is taken into account; compulsory life and disability insurance, risk of loss of rights to purchased real estate.
UniCredit Bank	11,5	30 million	360	The borrower's age is at least 21 years; work experience – at least 2 years; You can use an apartment in an old housing stock as a down payment.
Bank of Moscow	12,45	90 million	600	the ability to make a decision on an application based on two documents with a contribution of 35%; accounting for income from 4 co-borrowers; possibility to change interest rate at early repayment a large part of the loan.

Advantages and disadvantages of obtaining a mortgage with a down payment using maternal capital funds

Thanks to the state support program, many young families have a chance to improve their living conditions. A mortgage using maternity capital is beneficial for citizens who do not have the funds to buy an apartment or invest in individual housing construction. A family can choose an apartment in a ready-made building and move in after signing a loan agreement. The advantages of lending with a down payment from maternity capital include:

• increasing the amount of mortgage lending using family certificate funds;
• the right to receive an additional subsidy for a young family and a tax deduction;
• reducing the amount of debt thanks to gratuitous assistance from the state.

Using maternity capital to pay off a mortgage has one significant disadvantage, which is the time frame. If a citizen is investing in a new building, then there will be no problems with waiting for funds from the state budget. But when purchasing housing on the secondary market, rarely will any of the legal property owners agree to wait up to 4-6 months for the transfer of funds to the account for the purchase and sale transaction.

For some citizens, the disadvantage is that after the encumbrance is removed, the property is divided into equal shares. If the family decides to sell or exchange the apartment in the future, they will have to obtain a notarized consent of all shareholders. At the same time, the guardianship services will definitely check the transaction to make sure that children's rights will not be infringed during the sale of property.

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