Social mortgage– a set of government programs to improve the living conditions of socially vulnerable segments of the population. There are several forms of social mortgage:
Currently, several state mortgage programs operate at the federal and local levels, for example, for young families and for state employees - young teachers and scientists, as well as for military personnel.
Social mortgage in Moscow
As part of the social mortgage, the city of Moscow provides its residents who need improved housing conditions with the opportunity to purchase residential premises owned by the city of Moscow at a reduced price based on purchase and sale agreements using mortgage lending. The price of such real estate is significantly lower market price similar premises not owned by the city and sold as part of housing programs. The redemption value of real estate is calculated on the basis of a government-approved methodology, taking into account the number of years a citizen has been on the housing register and the availability of rights to benefits when purchasing housing.
Social mortgages are provided to solvent residents of Moscow aged 18 to 55 years who are recognized as in need of improved housing conditions. The potential borrower must obtain positive decision bank to issue a loan in the amount necessary to purchase an apartment.
To register, a citizen must contact the Moscow City Property Department.
Regulatory documents regulating the provision of residential premises from housing stock Moscow city using mortgage lending:
Decree of the Moscow Government of September 27, 2011 N 454-PP (as amended on April 8, 2015) “On approval of the state program of the city of Moscow “Housing” for 2012-2018”;
Decree of the Moscow Government dated August 14, 2007 N 703-PP “On approval of the Methodology for calculating the redemption value of residential premises owned by the city of Moscow for sale to citizens within the framework of city housing programs”;
Decree of the Government of the Russian Federation dated January 11, 2000 N 28 “On measures to develop the mortgage system housing lending In Russian federation";
Moscow City Law No. 29 of June 14, 2006 (as amended on July 2, 2014) “On ensuring the right of Moscow residents to residential premises”;
Law of the city of Moscow dated March 31, 1999 N 11 (as amended on May 19, 2004) “On organizational and financial security implementation of a housing mortgage lending system in the city of Moscow.”
Mortgages for young families
Mortgages under the federal program “Affordable Housing for Young Families” are intended for young people, i.e., it is assumed that each family member is under 35 years of age. In addition, the program sets a number of restrictions. The family must stand in line for improved housing conditions. For two people an allocation of 42 sq. m. is required. meters if there are no children, and if there are - 18 square meters. meters per person. The amount of assistance to young families is determined based on the cost of housing in the region.
The basic indicators of the size of the subsidy under the program “Young family - affordable housing” are: up to 30% of average cost housing for young families without children and up to 35% with children. A number of banks have developed their own social mortgage programs for young people. For example, Sberbank of Russia has a “Young Family” program with lower interest rates compared to basic conditions lending.
At the same time, many banks do not identify young families as a separate social group when providing mortgage lending. However, most long-term programs are aimed at young people.
Family mortgage
In 2018, the state launched a preferential mortgage program for families who will have a second and/or subsequent child during 2018-2022. Its mechanism of action involves subsidizing the interest rate on the loan for three to eight years (depending on the number of children) at 6% per annum. After the end of the subsidy period, the rate is set at key rate Bank of Russia, valid on the date of conclusion of the loan, increased by 2 percentage points.
Today in our country there is federal program called "Military Mortgage". Its essence lies in the fact that military personnel taking part in a military mortgage receive a subsidy every year into their special account. Funds accumulated in this account can be used to deposit down payment when purchasing housing under the military mortgage program. For example, in mortgage programs For the military, the following credit organizations participate: Gazprombank, Svyaz-Bank, Zenit Bank.
Mortgage against maternity capital
After the birth of the second child, the family can count on repaying part of the mortgage debt using funds from maternity capital. At the same time, maternity capital is paid only three years after the birth of the second child. The programs of most banks also provide for the possibility of accounting for maternity (family) capital as a down payment.
Mortgages for young professionals
In addition, there are government regional programs, designed for young professionals working in public sectors. Thus, interest rate benefits are provided for doctors and teachers, as well as special conditions on the accumulation of initial contributions. You can find out how to get a government mortgage from your local authorities.
Today the state is confidently working on various programs to support the poor. This includes providing people with affordable housing. There are various benefits and programs for this, one of which is the so-called social mortgage. We will find out below who can apply for it, what are the features of obtaining such a mortgage, and what is required from the applicant.
What is a social mortgage?
Social mortgage is a form of mortgage lending in which part sum of money paid by the state. What are the features of a social mortgage and how profitable is it? Let's try to answer these questions:
- The main advantage and most attractive factor of a social mortgage is the reduced cost per square meter of housing. That is, it turns out that the same housing purchased under the social program or standard mortgage, will cost differently.
- Before approving a loan, the bank checks the apartment for “cleanliness” and also provides life insurance for the borrower and the apartment.
- If you managed to get a social mortgage, then now you have another advantage on your side - guarantees from the government and the bank itself.
- Installed at the beginning interest rate remains for the entire loan period.
- Preferential mortgages are issued at a low interest rate. IN various banks it varies and starts at approximately 9%.
- People can choose a loan period of up to 30 years.
Please note that the form of this support varies from region to region. For example, this may be not just the purchase of housing at a low cost on credit, but also compensation of a certain amount from a loan for already purchased housing or reimbursement of a certain part of the mortgage interest.
The procedure for obtaining and the social mortgage agreement
The procedure for obtaining a mortgage is not an easy process. If we are talking about social mortgages, then things are even more complicated. The applicant will have to prove that he really belongs to the low-income category of citizens and has the right to receive this type of lending. This process is step-by-step, and each step will be discussed in detail below:
- The first and most important step is to apply for a social mortgage. This statement, as a rule, are submitted to the city administration or to their immediate superiors (depending on which social group you belong). You are now in line to receive a social mortgage.
- Next, you need to find out the nuances of this loan. This is done in a bank that cooperates under this program with government agencies. First, we find out which bank will provide you with a loan (this can be done at the city administration), and then we contact the bank. This stage will allow you to find out the interest rate, payment features, maximum terms and most important point- a package of documents required for registration.
- When it’s finally your turn, a social mortgage agreement is drawn up, and you receive the coveted apartment as a mortgage. A sample document looks like this:
Please note that the mortgage process outlined above may vary in your area. It may also be different for individual categories citizens. Please consider this in advance to act in accordance with the law.
Documents for social mortgage
Depending on which social group you belong to, the package of documents for you may vary. However, there is a certain documentary base, that is, a set of documents that you will definitely need. This includes:
- Application for a social mortgage. It should be noted, this document is a regular loan application. His form is available.
- A document confirming tax registration.
- A certificate from your place of employment, which contains information about your current income and work experience.
- Passports of each family member (children under 14 years old usually require a birth certificate).
- Help from the house book in the prescribed form.
- Title document for the apartment.
- A copy of the work record book.
- Certificate confirming family composition.
- A certificate confirming the registration of ownership of the purchased property.
- Extract from the Unified State Register for the purchased living space.
- Bank account details.
Some situations imply that the property has already been purchased with a mortgage. That is, in in this case As part of the social program, the state will help pay off part of the existing debt or in another way help in simplifying the payment of the established amount. Check with your local authorities to find out which type of support you may qualify for.
Who can apply for a social mortgage?
Not all categories of citizens can qualify for a social mortgage. This important aspect, because first you should find out whether, in accordance with modern legislation, you have the right to this type of lending or not. Let's consider several conditions that must be met to obtain this type of lending:
- The applicant does not have his own home. As a rule, such people live either in communal apartment, or in a hostel, and sometimes they rent housing.
- People live in cramped conditions, which is a calculation of less than 14 square meters for each family member.
- There is a special set of requirements that the bank puts forward. Citizenship, length of work experience, registration, etc. may be taken into account here. You must find out this set of requirements directly from the bank with which the state cooperates as part of the program.
These are the basic requirements for applicants, but additional ones are also noted, which are presented separately for each social category citizens.
Types of social mortgages
Social mortgage for a young family
What conditions must a young family meet in order to qualify?
- The family should have enough Money to pay off a mortgage loan or pay for part of the apartment not paid for by the state. As a rule, this means that income must be at least 2 times the amount of the contribution for mortgage loan.
- At the time of registration of the mortgage, the age of each spouse should not exceed 30 years.
- It is necessary for local governments to confirm that the family really needs improved housing conditions. Based on the results of this confirmation, a special certificate should be issued, which will subsequently be required for the package of documents.
Do not forget also about the special requirements that may be imposed by the bank.
Social mortgage for state employees
State employees are usually employees government agencies. In most cases they get enough low salary and therefore have the right to apply for preferential mortgage terms. Who exactly is included in the category of state employees?
- teachers;
- young scientists;
- the doctors;
- military employees.
State employees can apply for such forms social support, How preferential mortgage; purchasing housing at cost; partial compensation from the price of real estate from budget funds.
Social mortgage for doctors
Doctors as employees budgetary organizations may qualify for preferential mortgage loans. However, to do this they must meet a number of conditions:
- Have both specialized secondary and higher education in the field of medicine. But a prerequisite is that he must be a certified specialist in this field.
- In order to start applying for a mortgage, a specialist must work in the medical field for at least 1 year. In some regions this bar is lower: in some places it’s a quarter, and in others it’s six months.
- The maximum age of program participants cannot exceed 35 years (in some regions this limit reaches 40 years).
- In the future, a physician should devote himself to working in medicine in this region for no less than 5 years.
Another important condition is living in cramped conditions or in a rented apartment.
Social mortgage for teachers
Teachers as public sector employees can apply for a social mortgage only if they meet the following conditions:
- The age of the applicant cannot exceed 35 years.
- It is necessary that the teacher does not own any real estate.
- The specialist must have Russian citizenship.
- The teacher must permanently reside in the region where he works, and also have direct work experience of at least 1 year.
- The borrower must be solvent. This condition means that the amount monthly fee should not exceed 45% of salary.
- It is advisable to have a good “work history”. This can be confirmed by letters of recommendation from the place of work, positive characteristics, absence of reprimands and other sanctions imposed by superiors.
Employees receive primary support when selecting candidates rural areas and teachers who moved from the city to the village or village. Also, the advantage is on the side of those who have young children.
Social mortgage for those on the waiting list
Those on the waiting list are those who have applied for a social mortgage and are waiting in line. In order to join the queue, you must meet the conditions outlined in the sections provided above. Please note that the timing of obtaining a mortgage depends not only on how early you joined the queue. Attention is also paid to the following factors:
- living conditions available at this moment;
- presence of young children;
- belonging to the budget category (or another preferential category);
- having enough income to pay the mortgage.
Video: Social mortgage - borrower opportunities
It is important to remember that a social mortgage is not only a burden of obligations from paying off the debt, but also a lot of opportunities that the state provides. A specialist will tell you about them in the video:
Please note that in some cases a down payment on the mortgage is required, and this is often a significant amount. However, preferential mortgages require a small down payment, which starts at 10%.
Social mortgages in Moscow in 2020 are an effective way to improve living conditions. This will allow residents of the capital to purchase residential real estate by concluding a purchase and sale transaction involving preferential payments. You do not need to visit numerous branches of Moscow banks: a list of social mortgage agreements is presented on the website.
Conditions for obtaining a social mortgage in Moscow
Now there are several options for social mortgage agreements:
- obtaining a loan on preferential terms low interest. According to government support programs (the difference is paid by the state), the interest rate of these loans is between 10.6% (with a down payment of at least 30% and 11.1% (with a down payment of 10%). Payments under the longest agreement can be made by the client up to 30 years.
- Banking social mortgage- offers with a lower or higher interest rate..
- The third group of contracts is concluded on state apartments on a social mortgage at a price below market value. This mortgage is issued through an agent bank.
If you have debt on a social mortgage in 2020, you should apply for a reduction in the level of payments or an increase in the term of the contract using the online application service on the website.
. In the application, you need to choose the method (form) of providing residential premises - a social mortgage. Everyone must sign it Applicants are everyone who is listed in your accounting file.">applicants And Family members are the spouses and minor children of all applicants.">members of their family.You can find out your place in the queue by sending a request via one-stop service of the Moscow City Property Department. You will be provided with a response in writing within 30 days.
Welcome! Today we will find out what a social mortgage is and who can get it. How to apply for a social mortgage. How banks and social mortgages interact. Read the post to the end and you will find out all the news of 2020 on this topic.
You can acquire your own housing using your own funds, if you have any, or you can resort to the help of banks and use mortgage lending. But what if your income does not allow you to use any of these methods? Social mortgage comes to the rescue. It is precisely this that exists in our country to solve housing issue citizens with average and low incomes.
What is the difference between a regular loan and a preferential loan? The first one is issued commercial bank to the client who repays the loan and interest on it own funds. It follows that the consumer can only rely on his own strength. At the same time, the annual rate for using borrowed funds and the down payment will be quite large. The social mortgage agreement will include a third party to the agreement - the state. Here his role is to support the interests of both parties: reimbursing the bank for its commercial benefits and providing citizens of the Russian Federation with affordable housing.
Social mortgage lending is a government program, which is implemented at the subject level. Therefore, in each region it has its own characteristics, which can be found out in the local authorities at the place of residence, or in the AHML.
What is the point of social media? The point is that the housing and social mortgage will be issued with some kind of support state budget. And how much depends on which category of beneficiaries you qualify for. In essence, social mortgage is a complex concept that includes a number of government support programs for the population as part of solving the housing issue. They are very often confused and mixed into one concept.
The concept of “social mortgage” should be divided into a number of derivatives:
- Social mortgage in banks and partners of AHML (mortgage that provides a number of benefits on the rate, mortgage term, size of the monthly allowance, etc. to employees of socially significant and budgetary institutions, as well as large families).
- Subprogram “Housing for the Russian Family” (allows you to get a discount on an apartment from development companies that participate in the program, those in need of improved housing, low-income people and, again, state employees of various levels, as well as young families with children. The mortgage rate remains within the framework of the bank’s standard programs ).
- “Young Family” subprogram at the federal and local levels (you must obtain a certificate of participation in the program in order for you to be recognized as needing improvement living conditions, then the state will provide a subsidy for the purchase of housing up to 35% of the cost of the apartment).
- Regional subsidies (for example, the Republic of Tatarstan, where there is a reduced interest rate on mortgages and a discount on housing).
- State support programs for military personnel, maternal capital.
In certain cases, state assistance will amount to 10-50% of the cost of the apartment. There are regional subsidies that reimburse 100 percent of the price of housing, and the citizen only has to pay interest to the bank. For young people, such support can be 30%, and for young families with children – 35% market value dwellings.
The following conditions of social mortgage exist:
- Lowest interest rate possible. Today, it is 7.55%;
- Minimum down payment 10%;
- More long term lending;
- Subsidies from budgets of different levels to reimburse part of the cost of housing. One example is compensation of monthly social mortgage contributions for some state employees during the entire loan term;
- Deferment of payment or restructuring. In different cases from 1.5 to 3 years;
- Reducing the monthly payment by refinancing;
- Construction of economy-class real estate with state support and its sale at preferential prices to certain categories of citizens;
- One-time subsidies for improving housing conditions. One such example is maternity capital.
Who can get it
Who is eligible? Many citizens are unaware of the opportunity that exists for them to acquire housing preferential conditions. To do this, you need to know who can get a social mortgage.
You can expect to receive in 2020:
- large families;
- single-parent families whose income fell by 30%;
- disabled people and families raising disabled children;
- young families under 35 years of age with and without children;
- some categories of doctors, teachers and scientists;
- employees of scientific municipal and government institutions;
- workers of science cities;
- military participants in the accumulation system;
- combat veterans;
- Young professionals;
- workers of culture, social protection and employment institutions;
- specialists from sports organizations;
- workers of the military-industrial complexes;
- the poor.
Program participants are solvent working citizens of the Russian Federation who have stable incomes and are able to obtain a loan, i.e. meet the conditions for its provision; having accumulated funds for a down payment. Their credit history must be positive. They must be a recognized need for housing improvement or emergency fund residents (for a number of subprograms). For state employees it is required to have seniority by profession for three years or more in government agencies. The Housing Social Mortgage Fund covers citizens from 18 to 54 years of age with a continuous work experience in one place of at least six months. Military personnel who have served at least ten years. More detailed conditions should be considered for specific programs.
How to apply
First of all, you need to make sure that you are included in any category of beneficiaries. Depending on the type of program, contact the authorities and/or the bank first. If so, then the next step is to collect the necessary documents.
The basic list of these includes:
- application for a social mortgage;
- a copy of the applicant's passport;
- certificate from the place of work about income in form 2NDFL;
- a certified copy of all sheets of the work book;
- a document confirming the applicant’s need for housing or improved living conditions;
- a document stating that you are in line to resolve the housing issue with local authorities;
- an extract from the house register or a certificate of family composition;
- Marriage certificate;
- children's birth certificates.
This list is basic and basic for all categories of beneficiaries and is supplemented depending on which social program suits you. You can find out more about what other documents are needed from other articles on our website.
You will need a special certificate in order to become a participant in the Young Family program in 2020. You must notify local authorities and the bank of your intention to receive preferential loan to buy an apartment and get on the final list.
When the lists of such participants are formed, the municipal government receives money from the budget for subsidies and distributes them. By that time, you will need to provide a loan agreement already drawn up with the bank.
Banks and social mortgages
A mortgage for military personnel involves opening a registered savings account. The state transfers certain amounts to it monthly, which are regularly indexed. The money can subsequently be used to purchase housing. Can be used both during service and after leaving the reserve. In 2020, such a product is available to all young officers, even those who already own real estate. Several banks are engaged in lending to military personnel under the NIS.
And other points were discussed in our last post. You can also use our credit calculator for calculation.
The advantage is that a decision is made within three days from minimal package documents. The only requirement for the borrower is a period of service of at least three years.
To find out the monthly loan payment, use our website.
The social mortgage “Building the Future” operates in the Republic of Tatarstan (Kazan, Naberezhnye Chelny, etc.). The essence of the program is that a family joins the “Building the Future” cooperative and then participates in an auction of apartments, offering their own reasonable price for them. The family that offers the highest price will win the competition and receive ownership of the apartment at a reduced price. Social mortgage Building the future is available in the city of Naberezhnye Chelny, for example, 90% of the population.
The social mortgage “Building the Future” is issued under the President of the Republic of Tajikistan on the following conditions: Rate from 7% per annum; Down payment from 10% of the loan amount; Duration from 20 to 28.5 years. To draw up an agreement, you should contact AK Bars Bank, Kara Altyn Bank, Sberbank of Russia.
In Naberezhnye Chelny, the most favorable conditions for rates are offered by VTB24 Bank (this is 9.4% per annum for using a loan and the down payment is only 10% for any convenient loan term), Rosbank, Mortgage Agency Republic of Tatarstan. For selection credit organization and more favorable conditions for yourself, use our mortgage calculator.
Rosselkhozbank has developed a special credit product– rural mortgage in Russia. It was created to provide assistance to young professionals living in rural areas. It implies that part of the debt is repaid from the federal budget, another part is allocated by the region, part by the local agricultural producer, and the remaining small share is paid by the employee himself. This is one of the few banks that does not refuse to give loans to clients from the province due to the low value of collateral.
Lending terms:
- rate from 11.5% to 13.5% per year;
- no down payment;
- the amount is within 3 million rubles;
- period from 1 year to 25 years;
- no guarantors required;
- the borrower's age is over 18 years;
- confirmation of the amount of income using a 2NDFL certificate or a bank form.
Knowing the terms of the loan and the cost of the desired apartment, you can calculate the size monthly payment using our mortgage calculator.
How to get a social mortgage in 2020 — can be found in DOM.RF. This is the main organization entrusted by the government with the implementation of state social programs to provide the population of the Russian Federation with their own housing and improve living conditions. DOM.RF implements programs such as “Housing for the Russian Family”, issues products such as “Military Mortgage”, “Social Mortgage for Doctors, Teachers and Scientists”, and also implements a program to assist borrowers.
Advantages of DOM.RF:
- Annual rates here start at 10.95%.
- Down payment of 10% of the loan amount.
- Maximum possible deadline up to 30 years old.
- The loan amount is not limited.
- There are no additional insurances, that is, only the purchased property and the borrower’s liability under the contract are insured.
- Maternity capital funds are used.
- If the payer encounters financial difficulties, a reduction in the monthly contribution is provided.
- Opportunity to buy an apartment thirty percent cheaper than a similar segment in an accredited project.
Even more useful information You can find out by subscribing to updates on our website.
We are interested in your opinion - leave a comment here and ask questions to our online lawyer in the lower right corner.