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 to website. In this article we will tell you everything about obtaining a social mortgage, what it is like, and what segments of the population can count on it. Social mortgage represents state aid citizens who belong to preferential categories. That is, these citizens are allocated money with which they can purchase their own living space.
Regional authorities independently decide how mortgages will be obtained and what subsidies will be applied to them.
Today there are several types of such assistance:
- Compensation for part of the price of the purchased apartment.
- Acquisition of residential space from the state under low percentage.
- Payment of part of the interest on the mortgage.
Kit government programs, with the help of which vulnerable segments of the population can purchase housing for themselves, and is called a social mortgage. Not everyone knows that citizens who have been officially recognized as needing housing have the right to participate in these programs. But these citizens are not the only ones who have the right to receive an affordable mortgage. In accordance with the program, purchase new apartment Young families, military personnel and public sector workers can.
There are several social mortgage programs, among which everyone can choose the appropriate option:
- Subsidy on interest rate.
- Buying an apartment at a reduced rate.
- Payment of a certain amount from total cost apartments.
The interest rate subsidy is social program A mortgage that reduces the interest rate. These programs operate in a large number of commercial banks. They issue mortgage loans to certain categories of citizens at low rates, and also establish a flexible payment schedule. For such banks, it makes no difference who pays interest, the borrower himself or the state pays for him.
The low-income part of the population most often chooses to partially pay for living space. The essence of such a mortgage is very simple, that is, the state covers part of the cost of the living space, but the money is issued not to the future owner of the apartment, but to a credit institution, which in turn subtracts this amount from the total debt and calculates new loan payments.
The purchase of housing from the state represents the purchase of living space from the housing stock. This mortgage used for the sale of apartments to certain categories of citizens, these include:
- Military personnel.
- Civil servants and others.
About social mortgages in 2020
The subsidy amount for 2020 is set at 30% of the total price, or more precisely, it should not be lower than the monetary value. If families with children purchase an apartment, the subsidy increases to a minimum of 35%.
The final size is set by regional authorities independently; it is influenced by the cost per square meter in the region, the size regional budget and the number of children in the family.
Social mortgage in 2020 is issued under minimum percentage– 9.9% per year. Although the majority of banks, including Sberbank, have set a minimum interest rate of 11.5% per annum and at least a 20% down payment. And at the agency mortgage lending at the same interest rate, the down payment is only 10% of the total cost of the apartment.
As mentioned above, a large number of commercial banks additionally offer their mortgage lending programs for public sector employees. Their interest rates are lower and their repayment terms are longer.
Who is entitled to social security?
In accordance with the law, the following categories of citizens are entitled to a social mortgage:
- State employees, citizens who are on government support.
- Low-income citizens, a category that does not have decent living conditions.
- Young families, married citizens and have not reached the age of 35 years.
But they can only claim benefits if certain conditions are met:
- The work experience of public sector employees must be at least three years in relevant organizations, that is, in state or municipal authorities, medical workers or educational institutions, police, rescue agencies and other structures.
- If the family does not have their own housing or it does not meet the necessary living standards or sanitary standards.
- The spouses have not reached the age of 35 years.
To get a mortgage, you must meet a number of important requirements. This type Mortgages are provided only to citizens who are legally recognized as needy and live in housing that is recognized as unsafe or subject to demolition. This mortgage also applies to young families, that is, if the spouses have not yet reached the age of 35.
Large families with three or more children also have the right to receive a social mortgage. The loan can also be issued to citizens who, by law, are participants in hostilities, and fought in Chechnya, Afghanistan and Syria, and defended the honor of their country, citizens who work in the public sector, doctors, teachers, employees in government agencies, scientists and other categories of citizens.
Young families can qualify to purchase housing using a preferential mortgage. This type of mortgage involves a bonus from the state for newlyweds, that is, the bonus is 30% of the total cost of the apartment if the family does not yet have children.
If there are children in the family, the compensation will be 35% of the cost of housing. Even if the family has already taken out a mortgage and they have a baby, the state will still help. In this case, the amount of additional subsidy will be 5% of the total cost.
Cash is not issued; the family receives a certificate, which is provided to the bank after the loan is issued, and the state makes the payment directly to the credit institution.
The family has the right to choose to use the benefit, that is, it can be used for a down payment, for paying part of the main cost of housing, or for closing loan debt.
Not every family has the opportunity to purchase housing, since they either do not have enough money to buy it or have nowhere to earn it. Mortgage that is provided low-income families, gives such families the opportunity to purchase their own square meters. Options for receiving government assistance for low-income families are the same as for other categories of citizens.
Despite the fact that the income of budget workers is stable, it is not very high. Not all banks can issue mortgage with low wages. But the state created a special one for them credit program, which is called “mortgage for budget workers.” This mortgage for public sector employees is issued for a period of 25 years and has a number of its own features that relate to this loan product.
Not all employees are eligible for such a mortgage. budgetary organizations, but only those that provide special value. These include teachers, doctors and researchers. In addition, they must be recognized as needing property. At the request of the state, the employee does not have the right to change his field of activity throughout the entire period of repayment of the mortgage loan.
Mortgage for doctors and military personnel
Social mortgages are provided to military personnel as part of the savings mortgage system, and they must participate in it for at least 3 years. Cash With of this fund used as a down payment for purchased housing.
The serviceman receives a special certificate that confirms his right to the benefit; it must be brought to the credit institution. To obtain this certificate, a serviceman must write a report addressed to the unit commander.
In order for doctors to receive a social mortgage, they need to be in need of their own living space and be needed by their medical enterprise.
Design features
According to the new legislation, social mortgages are issued to citizens who are classified as socially vulnerable and need to purchase their own housing. That is, citizens must document their status of need. To obtain this status, you must apply to the social protection service required package documents and only after this, preferential categories of citizens have the right to stand in line to receive mortgage lending on social terms.
The queue for apartments is familiar to many from the time Soviet Union, the system has not changed since then, but there are now much fewer people in the queue. Since the conditions for obtaining the status of need are very strict, and not all citizens consider this option of purchasing a home.
According to the law, every citizen has the right to receive 18 square meters– this is for a family of three or more people (for each family member), for a family of two people the apartment area is 42 square meters, and single citizens have the right to an apartment with an area of 33 square meters.
There are a number of restrictions that significantly reduce the likelihood of being considered in need of living space - these are:
- The minimum size of living space that is sufficient for living is set by local authorities.
- All premises and real estate owned by the family are taken into account, even if the family does not live in it. That is, if a family of five lives in an apartment of 40 square meters, and the mother has another house in a given city, then no one from the family has the right to get on the waiting list for housing.
- The conditions in which the family lives must be declared unacceptable for living, but this requires various examinations and special commissions, which can slow down the entire process for many months.
There is also one more point: now 1.3 million people are eligible to receive preferential mortgages. This is why getting such a mortgage becomes very difficult, and in some cases even impossible.
If a person has received the coveted status of a needy person, the next step is to collect a package of documents that will be required to obtain a loan. Before doing this, you need to clarify which programs are on this moment exists in the region, local authorities talk about it. Here you should be persistent, since in accordance with the law they must refer the person to a special legal department, which issues all mortgage lending programs for preferential terms.
But even if there is a discount on mortgage lending, it becomes difficult to get it, since the conditions and requirements of banks do not change. That is, you need proof of income, collect a large package necessary documents.
According to information sources, there are about 40 banks that work with preferential programs across the country, but in reality there are only 7-8 of them. Most banks do not agree to work with government programs and offer their own, which simply have similar names.
Where to go
In order for the preferential mortgage lending program to begin its work, a person needs to contact the administration at the place of residence and the bank where the mortgage will be issued. In Moscow, taking part in the program is much more difficult than in the Moscow region.
Many commercial banks may have their own requirements for borrowers, that is, income level or length of service. This information must be clarified before the collection of documents begins.
Documents you will need to apply for a mortgage
A social mortgage for a young family or other preferential category of citizens is issued upon provision of the following documents:
- Application for receipt.
- Passports for all family members.
- Birth certificate for children.
- Extract from the house register.
- Certificate of family composition.
- Certificate of income and work experience.
- A photocopy of the work book.
- Extract from the Unified State Register for the apartment being purchased.
- Certificate of ownership of the apartment.
- Title documents for housing.
- Bank account details.
Citizens who do not have their own apartment and live in a communal apartment, dormitory, or rent living space have the right to a social mortgage. It can also be received by government employees who live in the same area with other relatives or in cramped conditions, less than 15 square meters per person.
Conditions for obtaining a social mortgage in Moscow in 2020
Social mortgages in Moscow are provided to citizens subject to a number of conditions:
- All citizens who registered as needing their own housing, that is, those who registered before March 1, 2005.
- All citizens who registered as needing to purchase their own housing after March 1, 2005, but before the beginning of 2017 received low-income status, and also managed to apply for a preferential mortgage before the beginning of 2017.
What kind of living space can you get in Moscow?
A person has the right to buy housing or part of it from the list offered by the Moscow Real Estate Department.
The main conditions of a social mortgage are that the total size of the area, after it has been improved, should not be less than the established norm, that is, 18 square meters per family member. The area norm may be larger, but the main thing is that it does not exceed the established standards:
- 40 square meters per person if a room or one-room apartment is purchased.
- 44 square meters, if the family consists of two people, that is, only spouses.
- 54 square meters, two-roomed flat, if there are two people in the family, but they are not spouses.
- 62 square meters, two-room apartment, if there are three people in a family with spouses.
- 74 square meters, three-room apartment, if there are three people in the family and no spouses.
- At 18 square meters per person, if there are four or five people in a family, the resulting apartment size can be increased by another 9 meters, but no more.
- 18 square meters each, if there are 6 or more people in a family, the resulting apartment size can be increased by 9 square meters, but no more.
It is worth knowing that if there is a person in the family who has the right to independently use the living space or part of it, then the amount for this person will be deducted from the provided norm.
Different-sex family members, except spouses, can move into the same room only with their consent.
Step-by-step instructions on how to take out a social mortgage
To apply for a social mortgage, you need to go through several important steps:
- Submit a completed application and a collected package of documents to make changes in the accounting file. When writing an application, you must choose a method of providing the necessary living space, in in this case This is a social mortgage. All family members and their applicants are required to sign the application.
- If necessary, you will need to bring documents for re-registration. This procedure should occur every 5 years, but not less often. Also this procedure must be made a year before a decision is made to provide living space and then before the decision itself is made. This is done to confirm that the family still needs housing. As a rule, such a procedure is carried out without the participation of the waiting lists themselves. But in some cases it may be necessary to collect additional documents.
- Then select living space. After all changes are made in the accounting file, the Real Estate Department, in accordance with the priority, will send a special notice to those on the waiting list, which will contain three options for providing housing. They must be reviewed and then notified to the department. the decision taken. If the family did not like the living quarters provided, then the next three options will be provided only after a year.
- After this, the family turns to the bank that will issue the mortgage; it is chosen by the family independently. Then you need to wait positive decision bank to issue a loan in the amount necessary to purchase the selected apartment, taking into account payment of part of the cost from personal funds. In this case, you can use maternity capital.
- A purchase and sale agreement is concluded with the City Property Department. To do this, you need to write an application for concluding an agreement and bring a complete package of documents to the multifunctional center (MFC).
- And the last stage is registration of ownership of the purchased apartment.
Each application to the City Property Department is registered with an assignment individual number. Using this number, you can check the processing status of your appeal on the official website of the city department.
Why do banks enter into mortgage agreements with public sector employees on special terms?
Commercial banks not only issue mortgage loans to public sector employees, but also provide them with special preferential conditions, this has a significant explanation:
- Discipline of budget employees. They treat their obligations with full responsibility, and this quality is very important for the bank and they are confident that the loan will be repaid in full.
- State employees can be influenced with the help of management. These employees hold on to their position, and management can easily exert a strong influence on them. Otherwise, the debt will be written off directly from the employee’s salary.
- The income of such workers is stable. Despite small size, their salary is clean and there is no concept of gray and white. Budgetary organizations rarely carry out reductions or liquidations. And the likelihood that a person will not change jobs until the end of the mortgage payment increases greatly.
As already mentioned, there is a social mortgage for doctors and other budget workers, and there are special conditions for workers in the defense complex and their pensioners. The exact conditions and amount of such benefits must be obtained from local governments.
Today it is simply unthinkable for a modern working person to buy an apartment with his own funds, and they resort to mortgage lending. But not everyone knows that the Government has approved a number of state mortgage programs that significantly facilitate mortgage payments. Such programs also include social mortgages, which will be discussed further.
Social mortgage program
Russia has a social mortgage lending program for certain categories of citizens. Under this program, the state provides them with support to improve their living conditions. After all, several families live in some apartments, which is a violation of sanitary standards for each family member.
Social mortgage lending is provided to citizens for the following needs:
- For the purchase of a finished apartment.
- For the construction of a residential building.
- To purchase land for a finished building or for future construction of a house.
- To pay off mortgage debts.
What are the differences between the social mortgage program?
Under the state social mortgage, low-income citizens can direct funds to improve their living conditions, that is, the state provides them with benefits to receive borrowed money. Such programs include lending to large families, people working in the public sector, military personnel and young families.
All routine work on the organization and management of government programs is performed by the Agency for Real Estate and Mortgage Lending, created by the Government - AHML. It is engaged in the implementation of state policies for the greatest development mortgage market credit services. In addition, it balances the interests of numerous parties to the real estate market: the state, credit institutions, borrowers.
The meaning of social mortgage lending is as follows:
- Banks participating in this program provide loans to borrowers at lower interest rates.
- Help comes to a specific citizen in the form of payments and subsidies from the treasury.
- Possibility of purchasing economy class housing and low rate initial investment for lending.
- Fixed low interest rate.
Kinds
To become a participant in the social credit program, a citizen must be recognized as in need of improved living conditions, but there are certain categories that are also covered by this program:
- Program "Young family" Families whose spouses are under 35 years of age can take advantage. For example, if there are no children in a family, then they can receive a government subsidy of up to 35% of full cost housing. But if you have children – already 40%. Government assistance can be used for a down payment on a mortgage loan.
- Program for public sector employees intended for doctors and teachers who came to work in remote regions, but their age should also not exceed 35 years.
- Military mortgage- speaks for itself; on preferential terms, military personnel can improve their living conditions and buy an apartment. Citizens who have already served the period specified by the program can participate in this program; the state transfers them a subsidy to an account specially opened for this purpose.
- For Railway employees also developed its own benefit program lending for which the first mandatory contribution determined to be only 10% of the total cost of housing, and lending rates– 12% per year. But employees in this field actually pay only 4.5% per annum, and the rest of the money comes from the state treasury. There are some conditions for participation in this program: the employee must have already worked in the field for a period of three years, and his age limit is set at 21 years.
- "Young professionals"- under this program, participants are exempt from paying the first installment, pay a reduced interest rate: 10.5, and if the first child appears, he pays only 2%, the rest is added by the state. But he must have seniority at least one year after graduation educational institution, and age – up to 30 years.
- For the police. The state helps a police officer in the case of purchasing an apartment or building a residential building by transferring a certain amount to a bank account. Participants in this program must be recognized as in need of improved living conditions and have worked in law enforcement for more than 10 years.
- Large family program. The state is very interested in increasing the population: after all, these are future workers, and it provides targeted assistance to families with children. The Agency is in charge of this program, and allows you to take out borrowed funds at a very low interest rate - 6.5% per annum; no financial organization lends under such conditions.
- There may also be separate regional social programs, for example, in Moscow you can find out about them at the housing and communal services inspection.
And before you buy an apartment with a mortgage, you should find out if there is an opportunity to participate in any social program.
Advantages and disadvantages
Undoubtedly, government assistance to low-income citizens in purchasing an apartment is a big plus, because the state shifts part of the financial burden onto its shoulders, and only one family can live in a new, comfortable apartment immediately after obtaining a mortgage.
Pros:
- All transactions are processed by the credit institution itself, which greatly reduces the risk of fraud.
- The payments are small in amount and the interest rate is low.
True, there are also some negative sides:
- Can't buy an apartment large area, but only according to the standards established by states: 18 m2 per 1 family member.
- Transactions with a mortgaged apartment can only be carried out after full repayment credit funds, but you can register, for example, a child in it. And if this is the 2nd or 3rd, then you can also receive maternity capital, which can be used to repay borrowed funds.
- You must be officially recognized as needy. Without this condition, it is impossible to obtain a social mortgage.
Although there are many disadvantages, we can add one more: the requirements for participants are very strict, and not everyone can receive government assistance when purchasing housing.
The legislative framework
All issues of mortgage lending, including social programs, are regulated by Federal Law No. 102 dated July 16. 1998, with subsequent editions, on mortgages, it regulates:
- Purchasing housing through loan programs.
- Purchase of land plots.
- Gives the full name of the property that can be purchased with borrowed funds.
- It defines the procedure for concluding a loan agreement and regulates all the details of the transaction.
- Establishes the collection procedure collateral property, including in court.
- The law specifies the rules for registration and eviction of citizens in each specific case.
How to buy an apartment with a social mortgage
To do this you need to do the following:
- Choose a bank that works with a mortgage lending program.
- To conclude loan agreement under certain conditions.
- Submit documents about the subsidy provided to you: account numbers where the funds were transferred.
- Provide documents confirming your right to a social mortgage under a specific program.
- Select housing that suits your requirements.
- Submit documents for lending.
- Complete a purchase and sale transaction.
- Register the transfer of ownership.
- Accept the apartment from the seller and move in.
Loan terms
Each program preferential lending provides for compliance with one or another of the requirements described above. In some cases, funds can be obtained up to a certain age, in others, the presence of children or military service is required. When looking at the chosen mortgage package, you need to pay attention to the lending conditions.
Requirements for borrowers
It is necessary to establish the solvency of the social lending participant: this is the calculated amount based on which state assistance is paid. And for a bank, this indicator is also important: the credit institution must be sure that the borrower will be able to fully repay the lender.
But otherwise, credit organizations have the same requirements as borrowers of credit funds for the main type of lending:
- The age limit is from 21 to 60 years until the end of the loan payment.
- The total work experience must be more than 6 years.
- The borrower must have available funds for payment initial remedy- about 10% of the total cost of an apartment or residential building.
Required documents
To receive borrowed funds, a credit institution provides:
- A prescribed form of application from an applicant for a social loan.
- A document confirming the identity of a citizen.
- Certificates from accounting department wages and extracts from the work book.
- A certificate from the municipal authorities recognizing him as in need of improved living conditions.
- Originals and copies of children's birth certificates.
Some lenders may require a different package, but here is a standard list.
Nuances
Many participants in military operations and hot spots complain that they cannot register preferential mortgage. But government payments are provided for them, and if you do not spend them, but save them for a down payment, then it will actually be possible to buy an apartment with a mortgage under the standard program. Or take part in the accumulation of funds for military program lending.
Prosecutor's office employees cannot take part in the preferential lending program, but they are paid a decent amount of housing subsidy, and these funds can be used for a mortgage.
Employees civil service in Moscow they receive about 30 thousand rubles a month, and they practically cannot buy a large apartment with a mortgage. But you can take your spouse as a co-borrower, and then the bank may agree to issue borrowed funds for the purchase of an apartment with a mortgage.
Purchasing your own home is the most cherished dream of any family that needs it. Unfortunately, not every citizen can afford to do this in cash, having the appropriate income or savings. That's why a mortgage comes to the rescue.
Dear readers! Our articles talk about typical solutions legal issues, but each case is unique.
If we analyze this type of lending, then standard programs also hit hard on the pocketbook, and are therefore unaffordable for socially vulnerable citizens. But for some categories of citizens there is a way out - a social mortgage, and it is this that will be discussed below.
The legislative framework
The Federal Law on Mortgage Lending was adopted in 1998, and this act is fundamental. It regulates the procedure for issuing such loans, and also regulates all issues regarding registration and moving into housing. Several more regulations can be added to it.
- The Constitution, which states that every citizen has the right to housing and cannot be evicted from it without legal grounds.
- Federal legislation on large families, military personnel, employees of the budgetary and law enforcement sectors, and the social benefits that are provided to them, including mortgages.
- Regulations on the social mortgage lending agency, which regulates the rights and obligations of officials of this government body.
It must be remembered that there are also regional programs, according to which separate categories citizens may be allocated budget money to partially repay their mortgage.
Concept and features of social mortgage
Mortgage lending means the possibility of purchasing residential real estate on credit. In this case, the purchased apartment or home ownership, which is subject to a special restriction, acts as collateral property.
What is a social mortgage?
That is, mortgage information is entered into State Register, therefore, housing purchased with such a loan cannot be sold or otherwise disposed of until the loan and interest are fully repaid.
Social mortgage is a type of lending that provides assistance from the state. It takes on part of the mandatory expenses (down payment, interest payments) that come to the banking institution from budget funds.
That is, in fact, a borrower who falls under such a program receives financial support from the state. A special feature of social mortgages is that allocated from the budget financial resources are not given to the borrower, but are immediately transferred from the budget to the bank account.
In addition, the possibility of various fraudulent schemes with real estate is excluded, because representatives of a special state agency for mortgage lending participate in the registration of mortgages.
You need to know that the decision to issue a social mortgage belongs exclusively to officials mortgage lending agencies, and they make all the transfers to banking institutions.
Conditions for obtaining a social mortgage
First you need to decide what real estate may fall under social mortgage.
- Residential real estate. This includes apartments, as well as private households, which are intended for citizens to live in, and you can move into them immediately after completing all the necessary papers.
- Land plots on which partially constructed households are located, or the construction of a residential property is planned.
- Apartments in unfinished buildings that can be moved into after the building is put into operation. The main requirement is that the residential property is 80% ready.
Categories of citizens and families
Now let's move on to considering the categories of citizens and families who can count on a social mortgage:
- military personnel and members of their families, this includes contract soldiers of the armed forces, the FSB, and other branches of the military who have served for more than 3 years;
- police officers, general continuous experience whose service is more than 10 years;
- employees of budgetary organizations, that is, teachers and doctors who have not reached 35 years of age, have worked for more than 5 years in their position, or have come to rural areas;
- young families under 35 years of age;
- large families, that is, those that have three or more children;
- workers railway with work experience of more than 6 years and age up to 35 years;
- young specialists who immediately after graduation began their work experience and worked continuously for one year at any enterprise.
As you can see, social mortgage lending is clearly regulated and not every citizen can count on it. It should also be added that it provides for mandatory payments, therefore, before completing all documents and receiving money, the credit institution, as well as the agency, will conduct a preliminary check of the general financial condition borrower.
It is important to remember that not all banking institutions participate in social lending programs. Only those banks that have received special permission are allowed to access them. Central Bank RF, and are accredited by the mortgage agency.
Therefore, before starting the registration process, you need to ask whether the banking institution participates in this program.
Pros and cons of the program
Let us now consider the positive and negative points this type of lending. The advantage is that the interest rate on such loans, which the beneficiary is obliged to pay, will range from 4-10% per annum.
What is a social mortgage, watch in this video:
Plus, using budget funds, you can repay part of the mandatory monthly payments (at the borrower’s choice). Another undeniable advantage is that through budget programs you can improve your living conditions.
The negative aspects include the following aspects:
- You cannot buy luxury housing, that is, budget money will be given for the purchase of housing at the rate of 18 residential square meters per family member;
- the financial condition of the borrower is strictly checked;
- for some preferential categories of citizens, the law requires a mandatory contribution of 10% of the cost of the apartment;
- Housing that falls under such a program must be in a new or completely renovated building.
It is interesting to know that, despite the presence of some disadvantages of such programs, for the above preferential categories this is the only way to become owners of long-awaited square meters.
The procedure for purchasing an apartment using a social mortgage
Let's consider a detailed algorithm for purchasing housing under such a program.
- If a family falls into one of these categories, they first need to find a suitable property.
- Next, you need to collect all income certificates for the last few years to confirm the presence of stable income of working family members, confirming documents that citizens are beneficiaries, and then go to the mortgage government agency to find out if they will give you money for a mortgage. If such consent is given, you can proceed to the next stage.
- With everyone collected documents you need to find a banking institution that is a participant in the preferential mortgage program and submit them for consideration of the application. It is also recommended to provide documents for the property, as well as preliminary agreement, confirming the intention of the parties to purchase and sell the property.
- If the banking institution gives its consent, you need to take from them the details where the budget money will be transferred and take them to agency officials.
- Next, the down payment is paid or this is done using budget money (depending on the mortgage program). The property is registered in the name of the owner and entered into the state register.
You need to remember that confirmation of the ability to pay the down payment can be a formalized deposit in a bank in whose account the required amount will be.
Required documents
Here is a list of necessary documents that need to be collected to participate in the preferential program:
- certificates from municipal social bodies, the Ministry of Defense, the Ministry of Internal Affairs, as well as other budgetary bodies whose employees are covered by the social mortgage;
- a certificate of family composition at the current place of residence, as well as the number of registered persons;
- documents confirming income for the last few years, this includes an extract from the work book of all family members, as well as confirmation of the availability of funds to make a down payment;
- Availability of benefits for utility bills, confirmation of transfer maternity capital(for families with children).
In some cases, the bank or mortgage agency may require an additional package confirming the solvency of the citizen and his family. Nuances that arise during the implementation of this program.
First of all, you need to pay attention to the prosecutors. They are not eligible for benefits, but are entitled to significant discounts on fees. public utilities, which are paid to a special account in cash.
If you do not spend them, then in a few years you can collect a decent amount, which will serve as a down payment. This also applies to civil servants of the city of Moscow.
The salaries of such employees are not high, but for them there are regional programs that allow them to repay part of the mortgage funds from the local budget.
Citizens who can receive a social mortgage.
It is important to remember that families with children can take advantage of two mortgage programs. They can take out a 5% mortgage and use maternity capital to repay it.
Methods and examples of calculating square meters
In order to fall under the social program, preferential categories of citizens must understand how many square meters allow them to use it. Some banks offer online calculator s that require the entry of personal and other data.
But this is all done simply. As stated above, you cannot buy luxury housing with a social mortgage. Residential real estate with a large square footage falls under its concept. Housing Code says that in order to comply with all minimum sanitary standards, each family member must have at least 18 square meters of living space.
At the same time, there is one more requirement: family members of different sexes (not husband and wife), for example, brother and sister, must live in separate rooms. Therefore, in order to calculate whether an apartment is suitable for a social mortgage, the family must take into account such data. Let's look at the example of a social mortgage for a family of 4, which includes parents, a brother and a sister.
For each person you need 18 square meters, that is, 18x4 = 72 m2. Brother, sister, parents need separate rooms. If the apartment has two rooms of 72 square meters, then such housing will not be suitable. We need a three-room apartment, that is, we can add another 18 square meters, since there are practically no three rubles with a total living area of 72 m2.
It turns out that for a social mortgage you can buy three-room apartment living area of 90 square meters. You need to remember that total area, is not included in this calculation.
Online social mortgage calculator
Now let’s look at what data needs to be entered into the online calculator to calculate social mortgage payments.
The following data is entered into it:
- the amount of the down payment that will be paid by the borrower or the budget;
- monthly payment on the loan body (fixed amount);
- total cost of the apartment;
- the interest rate, as stated above, depends on the preferential category;
- the period for which the loan is taken.
Once you enter this information, the calculator will give you your estimated monthly payments. In an example it looks like this:
The cost of the apartment is 5,000,000 rubles. An initial fee is 10%, that is, 500 thousand, the balance is 4,500,000. The interest rate is 5% per annum. The loan was taken out for 20 years.
Let's calculate the monthly interest payment: 5/12=0.4% per month. We determine the monthly interest payment: 4,500,000x0.4%/100%=18,000 rubles.
The overpayment of interest will be equal to: 18,000x 140 (months in 20 years) = 2,520,000 rubles. Plus add to this the loan body of 4,500,000, it turns out that you need to pay 7,020,000 million. This calculation is provided in the event that, according to the agreement, the entire loan body will be repaid in last month mortgage loan.
But this is an approximate amount, since in each monthly payment there is a certain amount to repay the loan body, taking into account the fact that interest for the use of money is charged on the balance of the loan, then the above amount will be much less. But the calculation algorithm will remain unchanged.
It is important to remember that an online calculator can only give approximate calculations.
Moscow banks participating in preferential mortgages
In the Moscow region the following banks take part in social mortgage programs:
- Sberbank;
- VTB 24;
- Communication Bank;
- Bank Zenit;
- Rosselkhozbank.
This video will tell you everything about social mortgages for Muscovites:
It is also necessary to take into account that such a list may change every year, since some credit institutions may obtain the necessary permission and also become a participant in social lending.
It is important to remember that the interest rate in any bank for a social mortgage will not exceed the threshold of 5-10%, and depends on the chosen program and the financial condition of the borrower.
In order to become the owner of an apartment taken on a social mortgage, you need to fall under a certain category of citizens, as well as provide a list of necessary documents. The mortgage agency transfers budget funds for partial loan repayment.