How to get a mortgage under maternity capital, where to start?

Improvement of living conditions, this issue is especially acute at the birth of children. In this regard, to help families with two or more children, a number of government programs have been developed to help increase the affordability of housing for these categories of the population.

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Where can you invest maternity capital?

According to official statistics of state bodies, most maternity (family) capital certificates (MSCs) are used by parents to improve the living conditions of their families.

The legislation allows financing from state support funds:

• Buying an apartment in the primary and secondary market;
• Individual housing construction(it is possible to build a house both on your own and with the help of construction companies);
• Modernization and reconstruction of existing housing(including compensation for the costs of a previously built or reconstructed dwelling);
• Debtor's expenses under mortgage lending and targeted loans for the purchase of residential premises(the benefit can be used to pay the down payment, interest on the loan and the amount of the principal debt);
• Participation in shared construction of apartment buildings;
• Participation in various housing cooperatives(you can pay both the entrance fee and subsequent share fees).

There are requirements that must be taken into account when choosing, creating and modernizing a property:

1. The premises must be located within the Russian Federation;
2. Existing living conditions should be improved;
3. During the reconstruction, the area of ​​\u200b\u200bhousing should be increased;
4. The direction of maternity capital for housing repairs is not provided for by law.

It is important to remove restrictions on the disposal of maternity capital until the child is 3 years old, in cases of repayment of the mortgage and payment of the down payment.

The abolition of the restriction on the transfer of funds for payment is valid only from 2015.

Action algorithm

Registration of a mortgage loan at the expense of MSC funds is carried out according to the following scheme:

• To confirm their right to mother capital and determine the amount of state support, the certificate holder must contact the Pension Fund Territorial Authority (PFR) for a relevant certificate.
• Execute mortgage documents using maternity capital in the selected credit institution. To conclude a loan agreement, it is necessary to collect documents confirming the status and creditworthiness of the borrower and draw up a package of documents for the property.
• To transfer maternity capital to a credit account, it is required to issue an application for the disposal of MSC funds at the PFR branch and provide the required list of documents.

If you want to know everything about mortgages, which rate is more profitable, we advise you to read.

Documents for the Pension Fund

Control over the use of maternity capital funds is carried out by the PFR.

In order to transfer the amount of MSC allocated by the state to the bank to fulfill obligations to pay a mortgage loan, the borrower needs to fill out an application.

We invite you to download a sample application for the disposal of maternity capital funds: Download the form.

This document is drawn up according to the rules established by the order of the Ministry of Health and Social Development of December 26, 2008 N 779n and can be sent to the FIU:

1. Personally;
2. By mail;
3. As an electronic document;
4. Through a representative.

In addition to the application, the following documents must be collected:

• A copy of the applicant's passport or other document confirming his identity and registration(if the owner of the certificate for MSC acts through a representative, a notarized power of attorney and a passport of the authorized person are required);
• If the applicant's spouse is a party to the mortgage sale and purchase agreement or the loan agreement, a copy of his passport and marriage certificate are provided;
• SNILS;
• A copy of the loan agreement and a copy of the mortgage agreement if its conclusion is provided;
• A notarized obligation of the borrower to register the rights to the acquired housing for the owner of the certificate, his spouse and all children in the shares determined by the agreement between them.

Requirements for the borrower

Credit organizations make serious demands on potential borrowers applying for a mortgage under mother capital.

The client needs to confirm his special status as a recipient of state support. Banks check the validity of the provided certificate, the balance of maternity capital.

Also, the borrower must have an income level that allows you to pay monthly installments, calculated taking into account:

1. The term for which the mortgage is granted;
2. Loan amounts;
3. The amount of the contribution covered by the capital.

The income must be officially confirmed by the employer and be stable (at least six months of work experience is required at the last place of work).

Usually banks approve a loan, the amount of the monthly payment for which does not exceed 40% of the family income.

The borrower must meet the requirements regarding age: mortgages in most banks are provided to citizens who have reached the age of 21, and the maturity of obligations under the loan agreement must end no later than the borrower's retirement age.

It should be borne in mind that the bank's regular customers, participants in salary projects may qualify for a reduced interest rate on a loan and a simplified mortgage application process.

Applying for a mortgage at a bank

Consideration of an application for a mortgage loan under maternity capital is carried out in 2 stages.

At the first stage, the status and solvency of the proposed borrower is checked.

In this regard, the bank must submit:

• An application containing information about the borrower and the terms of the loan;
• Citizen's passport;
• Certificate for mother capital;
• A certificate from the PFR unit on the remaining amount of the MSC;
• Certificate 2-NDFL or income statement in the form developed by the bank;
• Certified copy of work book.

Second phase. After considering this list, the bank determines the maximum amount that can be provided to the borrower.

Depending on the purpose of the loan(acquisition of housing in the primary and secondary market, construction of an individual residential building), the applicant provides a package of documents on the property:

1. To buy an apartment on the secondary market– contract of sale, cadastral passport, real estate appraisal report, extract from the state register of rights, documents containing information about the real estate seller;
2. For housing under construction– an agreement on participation in shared construction, an agreement on the assignment of the right to claim; documents confirming membership in a housing cooperative, documents containing information about the developer;
3. For IZHS– a building permit, design estimates, a contract with a construction company, a certificate of ownership of the land.

In all of the above cases, a notarized consent of the spouse is additionally required..

Most bank loan products involve life and health insurance of the borrower, as well as the collateral object.

Buying a home under a special program

How else can you buy an apartment with a mortgage?

State support for social priority categories of citizens is not limited to the provision of MSCs.

Further implementation of measures is being carried out Agency for Housing Mortgage Lending (AHML), created with the support of the Government of the Russian Federation.

According to AHML standards authorized credit organizations, operating in almost all major cities of Russia, provide a special mortgage lending program "Social Mortgage: Apartment" with the options "Maternity capital" and "Mortgage with state support".

Among the benefits of this program:

• Low interest rates(from 9.9% if the borrower has 3 or more children and purchases housing in the primary market);
• Down payment from 10%(it is possible to repay by means of mother capital);
• Loan term from 3 to 30 years;
• Only collateral insurance is required;
• Opportunity to purchase accredited economy class housing.

This lending program allows you to simultaneously take into account the maximum set of benefits and other types of state support in the field of housing for citizens in one mortgage product.

Despite the attractive conditions provided by many banks for borrowers holding a maternity capital certificate, it is important to make the best choice, based on the specific situation and sensibly assessing your own solvency.

Since an apartment purchased with a mortgage is an object of collateral, in case of default on obligations under a loan agreement, this property may be foreclosed on, even if it is the only home for the family (Article 446 of the Code of Civil Procedure of the Russian Federation).

Director General of the Agency for Housing Mortgage Lending Alexander Plutnik tells the latest AHML news.