Social mortgage and young family in 2020: state program

What is a social mortgage?

The state helps some families obtain housing under a special program

Social mortgage implies the possibility of improving housing conditions for the needy segments of the population, with the help of a bank loan with financial support from the state.

The interest rate under the social program is significantly lower than usual. The state compensates the banks for the difference. The amount of compensation reaches 40% of the cost. The down payment is also calculated at the minimum rate.

The basis of the mortgage is the law on state social assistance. Based on it, there are specific programs for low-income citizens who will be able to buy real estate at a cost significantly below the market price.

It must be taken into account that the housing falling under the program will be economy class. The authorities do not have the right to spend budget money on other real estate options.

You can get a mortgage under the following conditions:

1. Have Russian citizenship.
2. Seniority.
3. Permanent residence registration.
4. Clean credit history.

If all conditions are met, then the next stage is writing an application to local authorities. The application is considered for three days.

There are 2 ways to receive government support for purchasing housing. In the first case, the city offers housing under construction to low-income groups on preferential terms. 2-3 times cheaper than commercial offers. As a result, the loan amount is reduced and the bank’s requirements for the citizen’s income level are reduced.

In the second case, the family has the right to receive a free subsidy and, adding to it accumulated savings and a bank mortgage loan, buy a home.

Types and categories of applicants

Types of social mortgage lending are distributed depending on the category of subsidized citizens. Today, citizens are offered the following types of social mortgage programs:

1. Youth preferential lending is intended for working youth. This type of social mortgage is based on the mechanism for purchasing housing at cost. The state subsidizes the interest portion of the loan;
2. Mortgages for young families can pay off up to 35% of the cost of housing if there are no children, and up to 40% if applicants have a child. There are age restrictions for registration (up to 35 years at the time of registration of the mortgage) and need to improve your housing situation and be on the waiting list for housing;
3. “Military” mortgage is a type of social subsidy intended for military personnel undergoing contract service in the ranks of the Russian army. As part of the military mortgage, the state assigned an individual cash account to each contract soldier. This includes funds depending on the service member's rank, which he can use to pay off the down payment on a mortgage loan.
4. It is worth noting that many mortgage lending programs are implemented at the regional level and are largely determined by the situation in the region. It remains important that the applicant for the subsidy must have difficulties with housing, and the citizen himself must belong to one of the following categories of citizens:
   Young families;
5. Large families and families with disabled children;
6. Public sector employees;
7. Residents of the Far North;
8. Other preferential categories whose financial situation is not stable.

The remaining programs are presented at the regional level. Depending on the region, there are special lending programs. The state participates in the purchase of housing with a mortgage for all beneficiaries. You should check with the city administration for a list of existing programs.

How to get a social mortgage, where to apply first

To obtain a mortgage, you must first submit an application to the regional administration at your place of residence. Here the citizen will receive information on a specific case about the possible loan size, mortgage terms, monthly payment amount, social benefits.

Conditions of the state program for Muscovites

In order to identify specifics on all issues, the following package of documents is submitted along with the application:

• Copies of passports of all family members;
• copies of documents confirming the presence of children in the family;
• Marriage certificate and its copy;
• Certificate 2-NDFL for all adult family members;
• SNILS and its copy;
• A document confirming that family members do not own housing;
• Certificate from the registration chamber about the right to apply for a social subsidy.

The entire package of documents along with the application is reviewed within 3 weeks. As a result, if the answer is satisfactory, the citizen is issued a certificate stating that he is now a participant in the program.

Banks providing social mortgages

There are a large number of credit institutions that provide for the implementation of the considered option of state assistance. The most popular options are the following:

1. Bank of Moscow. It operates in its region, determines the conditions of social mortgages in the Moscow region, who is entitled to assistance and what the procedure is.
2. VTB.
3. Gazprombank.
4. Sberbank (Application form for obtaining a housing loan from Sberbank).
5. Other accredited organizations.

Read more in the article: Banks increased mortgage rates on January 1, 2020

Banks in the Moscow or Leningrad region offer a wide range of mortgage services. You can contact several organizations at once, which gives you the opportunity to choose. Regions differ in this matter. The peculiarity of such banks is that they rely on specialized agencies when establishing their conditions, which are ultimately difficult to fulfill. The main feature of the regions today is inflated initial payments.

At any bank you can create a personal account online, open an account, negotiate and receive favorable mortgage terms. Cooperation with partners of these structures is also possible. For example, social mortgages in the Moscow region can be implemented not only by a regional bank, but by branches of other organizations.

Consideration by the bank of an application for a loan

While the authorities are reviewing the documents, it is worth contacting a bank that cooperates with the authorities on this program. Here you will find out the interest rate, payment details, maximum terms and what documents need to be collected specifically for the bank.

You can download the application here

After a satisfactory decision by the local authorities and the issuance of a mortgage certificate, it must be implemented within two years. Together with the necessary documents and application, the certificate is sent to the bank, where the application is reviewed on average 10 days. The review period depends on the bank and the specific type of social mortgage.

Where to apply for such housing loans?

Applications for social mortgages are accepted at local governments. They are the ones who deal with housing policy.

There is also the option of submitting an application to the employer (depending on the type of social program). In parallel with this, you can immediately contact the bank, where you will subsequently submit an application for a loan.

Features of drawing up an application

The application must indicate all the essential reasons and grounds for obtaining a social mortgage, the number of family members and describe the conditions in which they currently live. All adult family members must sign the document .

Required list of documents for obtaining a preferential mortgage

The mortgage manager of a particular bank will help you collect the necessary documents. You shouldn't do this on your own.

He will help you fill out the required banking form correctly. In addition to this, you will need a passport (photocopies of all pages must be made, even blank ones), SNILS, marriage and birth certificates.

The man must provide military ID or capital. If he has not reached 27 years of age, but has not served, a documented justification for the deferment is required. The bank must verify such information.

Conditions for providing a social mortgage

Social mortgage establishes the following conditions:

1. A family can receive a multiple subsidy:

• 35% of the redemption value of the living space – if applicants do not have children;
• 40% of the value of the property – if there are pupils;

1. The family receives a subsidy by registering a mutual offset:

• Funds are transferred in non-cash form;
• The transfer is made to the account of a banking organization or the direct seller of the property.

Mortgage programs for public sector workers

Budget workers belong to particularly needy segments of the population. Their wages are not high enough to easily buy their own home. Therefore, a social mortgage is a way out of this situation for them.

This category includes teachers, doctors, young scientists, and military personnel. In their case, social support can be of the following types:

1. Preferential mortgage.
2. Buying a home at original cost.
3. Partial compensation from the price of real estate from budgetary funds.

Benefits for doctors

In the case of medical workers, they are entitled to preferential mortgage lending. In order to apply for it, you need to have a secondary specialized and higher medical education, work experience of at least one year and not be older than 35 years.

After concluding a preferential mortgage, the doctor must work in the given region for at least 5 years. Housing conditions are also taken into account. They must be of unsatisfactory quality, or the apartment in which the family lives is rented.

Who is entitled to a social mortgage?

There are certain requirements to receive a loan. State mortgages are provided to those in need and living in dwellings recognized as unsuitable for habitation, unsafe or subject to demolition. If we single out other groups of citizens who are covered by the social mortgage, then young families where the spouses have not reached 35 years of age will be added to those named.

Large families with 3 or more dependent children also have the right to become full participants in the social program. The loan will be issued to those who participated in hostilities in Afghanistan, Chechnya and Syria and defended the honor of the country, employees of budgetary organizations, young professionals, employees of government bodies, scientists and a number of other categories participating in the state program to improve housing conditions.

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Social mortgage for a young family

Young families have the right to look forward to purchasing their own home by using a preferential loan. Mortgages for young families offer newlyweds to receive a bonus from the state, which is equal to 30% of the total price of the purchased property, if they have not yet had a child. If there are children, then the state will compensate 35% of the amount. When a social mortgage has already been issued and the newlyweds have a baby, the state will help in this case as well. The family is entitled to a subsidy equal to at least 5% of the total housing price.

Cash is not issued to the young family - the spouses receive a special certificate, which is presented at the financial institution when receiving a loan, and the state transfers the funds directly to the bank. Newlyweds have the right to choose how it is convenient for them to spend this benefit. It can be used to pay off part of the down payment, pay part of the cost of the home, or pay the closing payment.

Social mortgage for the poor

Not all people have the opportunity to buy their own home due to the lack of not only the necessary funds, but also the opportunity to earn them. Mortgages for low-income families are an opportunity that helps such citizens become owners of their own squares. To obtain a loan, you must prove that the citizen or family is low-income. Options for providing funds are the same as for all other citizens who need housing.

Social mortgage for state employees

Although the income of employees of budgetary organizations is stable, it cannot be said that it is high. Not all banks are ready to lend them funds to purchase housing. The state has developed a special program for them, which is called social mortgage for public sector employees. Preferential mortgages for young specialists of budgetary institutions are allocated for a period of 25 years and have their own characteristics inherent in this loan product.

Not all workers in this field can take advantage of the social mortgage for public sector employees, but only those who are considered valuable specialists. These include teachers, doctors, scientists. In addition, they must need to obtain their own square meters. The state requires employees not to change their field of activity throughout the entire term of the mortgage loan.

Why do banks give priority when providing loans to government employees?

Despite their small earnings, public sector employees are always welcome guests in the mortgage department of banks. The advantages of such borrowers are their official employment and regular salary payments. According to these indicators, risks for the bank are minimized, and this gives them the right to offer preferential packages to public sector employees.

Advantages for public sector workers

Loan terms are more favorable. An extended lending limit, reduced rates, short-term consideration and decision on the application, and a compressed package of documents are provided.

Disadvantages for public sector workers

If the borrower is a military man, he will not be able to provide the confidential data necessary to draw up the contract. And the bank will not be able to track pension accruals.

Low wages will be an obstacle to obtaining a loan.

If an employee is fired, the loan ceases to be preferential. The interest rate is recalculated and the loan amount may increase significantly.

Size of apartment covered by social mortgage

By law, every person has the right to 18 sq.m. living space, anything less is considered a violation. Another factor is children. Children of different sexes should live in different rooms. It is worth considering that with this mortgage you can only get economy class housing.

The three indicated factors will help calculate the size of a possible apartment. Size is strictly taken into account by law. Thus, the area of ​​the apartment depends on the number of family members and their gender. Anything beyond the norm will not be paid for by the mortgage.

Social mortgage is a chance to improve the living conditions of low-income people. If a family fits this definition, then following the prescribed instructions, it can move into a spacious apartment that meets SanPiN standards. And, despite the modest income, start a decent life thanks to the state’s social programs.

Video about how to get a mortgage with state support:

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Who has the right to apply for a social mortgage?

The state program allows the following categories of the population to receive benefits:

1. Young families with children

To apply for the benefit, young families must have funds to additionally pay the missing amount after obtaining a social mortgage. The age of the husband and wife must not be more than 35 years, and the family must be registered with the apartment. In accordance with the law, 48 square meters are allocated for two people. m.

2. All people who have the right to improved housing conditions

In accordance with the standards in force in Russia, there should be 18 square meters per person. m of living space. If people live in an apartment or house of a smaller area, they have the right to apply for a social mortgage.

3. Military personnel and combat veterans

Representatives of this category must be participants in the savings-mortgage housing system for military personnel for three years.

4. Public sector employees, regardless of their age

This category includes employees of government agencies, employees of state educational institutions, employees of cultural and sports facilities, and workers of urban planning enterprises.