How to apply for a mortgage with maternity capital at Sberbank

Targeted programs for maternal capital at Sberbank

Families raising two or more children in 2020 have the right to receive up to 453,026 rubles from the state to resolve their housing issues.

Mortgage conditions in Sberbank in 2020 for maternity capital remain super loyal. Who else, if not the state bank, should take on the responsibility for implementing the all-Russian housing program? A mortgage for the amount of maternity capital in Sberbank can be issued for the following purposes:

1. Payment of the share of the existing bank mortgage through maternal start-up capital (MSC).
2. Contribution of maternity capital as a down payment on a mortgage at Sberbank in 2020 when purchasing a home.
3. Repayment of the family's financial obligations for shared construction when purchasing real estate in a new building.

You can take out a mortgage from Sberbank using maternity capital in 2017 without waiting 3 years. But in this case, it will be possible to pay only the down payment or the debt with interest on an existing mortgage loan.

Loans for maternity capital - is it legal?

If you have already taken out a mortgage or it has just been approved, you can contact the Pension Fund directly with the necessary package of documents. Maternity capital funds will be transferred to a bank account . However, in practice, banks are reluctant to accept the certificate as a down payment , although this is permitted by law.

Typically, the mortgage amount is significantly higher than the amount of maternity capital (453 thousand rubles in 2020), which is why the further solvency of the borrower .

Often families with children do not have the opportunity to take out a mortgage from a bank for a number of reasons: lack of officially confirmed income, bad credit history, etc. However, if the amount of the real estate transaction is close to the amount of the certificate (for example, you are planning to buy a room in a dorm, a share from a relative, or start building a house), then there is often simply no need for a large mortgage loan.

In this case, you can choose one of the options:

1. Wait 3 years . This option is increasingly being abandoned, since the government decided to freeze the amount of maternity capital in the amount of 453,026 rubles. until 2020. There is no exact information about indexation; in the meantime, the certificate will be “eaten up” by inflation and in 3 years will be of much less value.
2. Take advantage of a short-term mortgage loan from an organization that has the legal right to issue it. What kind of organizations are these? Why are they more loyal than banks? Can they be trusted? Let's figure it out.

Mortgage conditions in Sberbank in 2017 for maternity capital

Despite the legal requirements for all banks to issue loans with capital, not all financial institutions adhere to the letter of the law. Contrary to this trend, Sberbank offers two targeted programs under which young families can take advantage of their MSK certificate:

1. “Purchase of finished housing – Flat rate.” The program involves the purchase of an already built house or a finished apartment in a residential complex.
2. "Purchase of housing under construction." In this case, the bank allows the use of maternal capital to finance the family’s obligations for shared construction in a new building.

Most people are satisfied with the “Mortgage plus maternity capital” program at Sberbank, the terms of which allow you to pay off the debt, mortgage interest and down payment. The only negative is that the MSK certificate cannot pay off penalties, penalties and fines that have accrued on a mortgage loan.

The conditions of both loan programs are approximately the same. Repaying a down payment is considered a riskier banking operation, so the requirements for this program are slightly higher. In general, the conditions of programs using MSK in Sberbank are practically no different from the conditions of classic mortgage loans.

When purchasing real estate with a mortgage with partial payment with maternal capital, all children must subsequently receive a share in the ownership of the purchased residential property. The size of the share is unlimited by law, but in a number of regions the Pension Fund requires that part of the child’s property be no less than the established housing standards when converted to living space.

Conditions for providing loans by various banks

Requirements for Sberbank borrowers under the MSK program

To reduce risks, Sberbank imposes a number of requirements on borrowers wishing to buy housing using maternity capital.

Basic conditions that the borrower must meet:

1. Must be at least 21 years old at the time of execution of the mortgage agreement and not more than 75 years old at the time of its expiration. If the client does not receive a salary from Sberbank and has unconfirmed income, then the maximum age is limited to 65 years at the end of the loan.
2. Total work experience of the potential borrower:

• at least one year within the last 5 years;
• more than 6 months at last job.

Both spouses are required to act as borrowers on a family loan.

“Mortgage plus maternity capital” from Sberbank

Special conditions of the loan program

As the largest Russian credit institution, Sberbank is usually one of the first to change lending terms and launch new products that are consistent with the current state of the economy.
In addition, Sberbank is actively working with all existing government programs designed to provide housing for citizens in need (military, social mortgages, loans to young families, state employees and, of course, maternity capital). If a few years ago maternity capital funds could only be used to repay part of the debt on existing loans, then since 2011 the possibilities have expanded: when applying for a mortgage loan, the certificate can be used as a down payment on the loan. This makes it possible not to save your own funds for years, but to take out a mortgage loan immediately after the need to improve your living conditions arises. At the moment, Sberbank has a special program under which you can use maternity capital funds as a down payment on a mortgage loan. This product is called “Mortgage plus maternity capital” and is one of the most popular among similar loan programs in banks. The main reason for this is Sberbank’s rather loyal conditions for mortgage loans, which do not change if the down payment is made not from the borrower’s own funds, but through the use of maternity capital. Let's take a closer look at the terms and conditions of the program:

• by using maternity capital as a down payment, it is possible to purchase both finished and under construction housing (under the terms of the relevant mortgage programs);
• repayment of the initial payment with maternity capital must be made no later than 6 months after the provision of the mortgage loan - thus, the processing time and issuance of the loan are reduced, there is no dependence on bureaucratic “delays” in the Pension Fund, etc.;
• additional documents - the original state certificate for maternity capital and a certificate from the Pension Fund about the capital balance in the account (and the certificate can be submitted to the bank within 120 days after making a positive decision on the loan);
• The purchased housing must be located in the Russian Federation and, after purchase, is registered as the property (including shared ownership) of the borrower, co-borrower or their children.

Otherwise, the terms of the program do not differ from the parameters of the Sberbank loan programs “Purchase of finished housing” and “Purchase of housing under construction.”

Loan parameters

Purpose of the loan . So, within the framework of the “Mortgage plus maternity capital” program, it is possible to buy both finished and under construction housing.

Amount of credit . The loan is provided in rubles, dollars and euros in the amount of 45 thousand rubles (or 1500 in foreign currency equivalent). The maximum loan amount is limited to 85% of the appraised value (or the contractual value, if it is lower than the appraised value).

Loan term : up to 30 years.

Property insurance is required.

Interest rates depend on the type of housing, loan amount, contract term and type of borrower (participants of salary projects, employees of accredited institutions, other clients) and amount to 12-15% per annum. Special conditions for providing loans apply to young families.

additional fees .

Attracting co-borrowers : possible (spouse, close relatives).

Borrower's age : from 21 to 75 years (at the end of the loan agreement).

Experience requirements : total experience of at least 1 year, at the last place of work - at least 6 months.

Down payment : from 15%, for young families with children – from 10%.

Loan collateral : collateral for the purchased property.

Application review : 2-5 days.

As one can conclude, such lending conditions are quite favorable. It is especially worth considering the fact that using maternity capital you can significantly increase the purchase price or reduce the loan amount, and therefore the amount of overpayment and monthly payments.

Who is the program for?

Although the general requirements for borrowers published on the bank’s website are very general - conditions are imposed only on age and work experience - it is worth remembering that for any loan program the bank has a so-called image of the “ideal borrower”, compliance with which will significantly increase the chances of accepting a positive loan decisions. Let's look at what parameters are desirable for borrowers applying for a mortgage loan under the Mortgage Plus Maternity Capital program.

• Borrower is a person who has two or more children and is a participant in the state program “Maternity Capital. It is worth saying that this is not necessarily a complete family - the certificate is issued to any parent with 2 children, including single mothers and single fathers, as well as adoptive parents.
• The preferred age of the borrower is 30-40 years (although the limits are set at 21-75 years).
• The borrower and co-borrower (if the client is married) have a stable monthly income at or above the average level for the region in question.
• Preference is given to borrowers who receive their salary on a Sberbank card (note that special lending conditions and preferential interest rates are also established for them).
• The borrower has a positive credit history (note that its complete absence is not the most favorable factor).
• The client does not have large existing loans or debt obligations, the repayment of which may affect payments on the mortgage loan.
• The required work experience in the last position is at least 1-2 years, with preference given to large, stable enterprises.
• The borrower and co-borrower have a higher education and large property ownership (real estate, vehicles).

Advantages of using maternity capital as a down payment on a loan

Speaking about the use of maternity capital as a mortgage contribution, it is impossible to identify any negative features of such an operation. The only problem that exists is the large amount of time it takes to prepare documents and transfer maternity capital funds to the bank. However, this problem has been solved at Sberbank - this transfer must be made within six months after purchasing the property. Even with the great bureaucratization of the relevant services in your city or region, 6 months should be enough to complete all the documents and go through the authorities.

This solution has many more positive features:

• firstly, the borrower gets the opportunity to take out a mortgage loan without saving his own funds for a down payment. Please note that the use of maternity capital for such purposes is possible immediately after receiving the certificate. Thus, the borrower is not required to wait until the child reaches the age of 3 to use the certificate;
• secondly, there is the possibility of increasing the amount of the mortgage loan (of course, if this is possible after the bank considers the borrower’s income level). The minimum down payment in banks is 10%, thus, at the expense of maternity capital (in 2013 its size is 409 thousand rubles), it becomes possible to increase the purchase price to 4 million rubles, even if there is not a sufficient amount of own funds;
• thirdly (and this is probably the biggest benefit for the client) by making an initial contribution from maternity capital (and, let us remember, it is a free subsidy from the state), the loan amount is reduced, and as a result, payments on it;
• fourthly, the use of maternity capital does not cancel the opportunity to take advantage of a subsidy for a young family or receive a tax deduction.

Thus, using maternity capital as a down payment on a mortgage allows you to solve many pressing problems and purchase truly necessary housing without extra costs.

How to do it

So, you are planning to take out a mortgage to buy a home and you are the mother (or father) of two children. In this case, we recommend that you use maternity capital funds as a down payment on the loan. What needs to be done for this?

• You must submit documents to the Pension Fund at your place of residence and issue a certificate for receiving maternity capital. Please note that registration and issuance will take time - usually about a month, although in some regions it may be longer;
• obtaining a certificate is the second stage. In 2013, the amount of maternity capital is about 409 thousand rubles; every year the unused amount is indexed (increases). Please note that cashing the certificate is prohibited and is fraudulent - funds can only be used by non-cash payments and only for certain purposes - including paying off mortgage debt;
• The third step is collecting the documents necessary to obtain a mortgage loan. At Sberbank you will need a passport, a 2-NDFL certificate for 6 months, a copy of the work book, a questionnaire, a certificate for maternity capital and a certificate from the PR about its balance. If you plan to attract co-borrowers, their relevant documents will also be required;
• the next step is submitting an application to Sberbank and its subsequent consideration (2-5 days);
• the bank making a positive decision on the loan, concluding a loan agreement;
• payment of property insurance;
• transfer of funds by the bank to the seller in payment for real estate;
• preparation of all necessary documents, registration of the mortgage agreement;
• transfer of documents to the Pension Fund for transferring the amount of maternity capital to the bank as an initial payment on the loan;
• further repayment of the loan by the borrower.

The most profitable loan scheme

As we said above, the use of maternity capital is possible in conjunction with receiving other subsidies and benefits. Of course, their comprehensive use can be considered the most profitable lending scheme using maternity capital.

Let's give an example . Let a young family in which both spouses are 30 years old, after the birth of their second child, issue a certificate for receiving maternity capital. The spouses plan to use the funds received as a down payment on a mortgage loan. Today, the family does not have their own home, and the spouses rent an apartment to live together with their children.

Thus, in addition to maternity capital, spouses can count on receiving a subsidy under the “Affordable Housing for Young Families” program.

In addition, after receiving a loan, spouses can contact the tax office and apply for a tax deduction in the amount of 13% of the cost of the apartment (the maximum amount is 260 thousand rubles, if the cost of the apartment is 2 million rubles or more). Please note that it will not be possible to obtain a tax deduction from the amount of used maternity capital - this amount is not subject to taxes.

So, a family with two children and a total income of 50 thousand rubles plans to purchase a 3-room apartment worth 4 million rubles under the “Purchase of ready-made housing” program at Sberbank. In this case, the entire amount of maternity capital will be used as a down payment, as well as subsidies for young families.

1. Today the family is in line to receive the Affordable Housing subsidy. Note that you should start applying for a mortgage loan only after receiving funds - after all, they can be used to repay only new loans. Let's calculate the approximate amount of the subsidy. Let the average cost per square meter in the region be 30 thousand rubles. A family with 2 children can count on a standard apartment area of ​​75 sq.m. and a subsidy in the amount of 35% of the standard cost (30 thousand * 75 sq.m. = 2250 thousand rubles). Thus, the subsidy is approximately 756 thousand rubles.
2. After receiving the subsidy, it is necessary to issue a certificate for receiving maternity capital - 409 thousand rubles as of 2013.
3. Choosing an apartment and getting a positive decision from Sberbank.
4. Making a down payment using subsidies and maternity capital.
5. Purchasing an apartment.
6. Obtaining a tax deduction (the amount of 260 thousand rubles is the maximum possible).

Let's calculate the loan parameters , taking into account the interest rate of 10.5% per annum established by Sberbank for young families.

Down payment on the loan : 409,000+756,000=1165 thousand rubles. (29.1% of the cost of housing).

Loan amount : 4,000 thousand rubles.

Loan term : 20 years.

Loan interest rate : 10.5% for young families; 13.75% (in the event that borrowers are credited on general terms and are not participants in the Sberbank salary project).

We perform the calculation using Sberbank’s mortgage calculator:

We get this picture:

Monthly payment : 28,304 rubles.

Overpayment on the loan : 3,958 thousand rubles.

Tax deduction : 260 thousand rubles.

Total overpayment : 3,958 - 260 = 3,698 thousand rubles.

Now let’s compare the overpayment on the loan with the initial conditions: with the cost of the apartment being 4 million rubles, the overpayment will be only 3,968/4,000=99% of the cost of the apartment over 20 years.

Thus, the combined use of maternity capital, tax deductions and subsidies for young families allowed the family to purchase comfortable and spacious housing and at the same time reduce the loan amount and overpayment as much as possible.

Financial terms of lending

Sberbank uses a flexible risk management system, therefore it uses a deeply differentiated approach when calculating the interest rate, parameters of the amount and loan term. Mortgage loans under the MSK program are issued exclusively in rubles.

Loan terms depend on:

• income and age of the borrower;
• number of children in the family;
• type of real estate;
• estimated value of housing;
• shares of the down payment;
• the presence of regular income received through Sberbank cards and other individual factors.

Basic conditions of Sberbank:

1. Interest from 12.5% ​​per annum. For the properties of some development companies, additional reductions in interest rates are allowed.
2. Minimum loan amount: from 300 thousand rubles.
3. Maximum loan amount: 80% of the contractual or estimated value of the property, but not more than 15 million rubles, if the borrower does not confirm his income.
4. Loan term: up to 30 years, but with the condition that the last payment will be made before the borrower’s 75th birthday.
5. No commissions.
6. Special preferential conditions are provided to participants in Sberbank salary projects.
7. Early repayment is permitted at any time without restrictions or penalties upon notification to the bank.
8. Residential property insurance is required.

The purchased apartment is registered as a bank pledge and an encumbrance is placed on it. After this, the borrower cannot carry out any legal actions with the residential property without the consent of Sberbank.

Loan repayment under the MSK program occurs exclusively according to the annuity schedule. This type of repayment implies the same monthly payment amount. In case of early repayment, the payment is reduced, but the term remains the same.

List of documents for the bank

Non-standard documents for a mortgage from Sberbank in 2020 with maternity capital are not required. The list of requested documentation is simple and does not require lengthy wanderings through government agencies.

To apply for a loan, Sberbank requires:

1. Documents for the order of MSC to repay the mortgage:

• MSK certificate;
• a certificate from the Pension Fund about the balance of maternity capital, taken no more than 30 days ago.

Providing these documents is not always sufficient to accept an application for consideration. In individual cases, other supporting documentation may be required from the borrower or seller of the apartment.

Sberbank also takes into account the unofficial income of citizens, but they should not be the main ones. Such “gray” additions to the family budget cannot be obtained through illegal actions of the borrower.

Which banks to contact

There are quite a few financial organizations in Russia that help large families take out mortgages against maternity capital to help them improve their living conditions.
Banks working with maternity capital:

• Sberbank;
• Bank of Moscow;
• VTB;
• "Opening";
• DeltaCredit;
• Unicredit.

Important! Before submitting papers to take out a mortgage loan, you must issue a certificate. The Pension Fund of the Russian Federation is responsible for issuing such documents.

How to make a down payment

In order to make a down payment with money from state assistance for a second child, you need to:

1. Apply for and receive a certificate from the Pension Fund, select a property to purchase.
2. Conclude a purchase and sale agreement for a property and contact a banking organization.
3. Consideration of the application will take from several days to one calendar month.
4. After the specialist makes a positive decision on the submitted application, the borrower will receive a notification about the timing of the transfer of assistance from the state towards the down payment.
5. With this document, you must contact the Pension Fund with a request about the status of state assistance.
6. Apply for a loan and take all the documents about it in hand.
7. Contact the Pension Fund with mortgage documents and an agreement to deposit money into the account of a financial institution.

Download for viewing and printing:
Federal Law of December 29, 2006 No. 256-FZ “On additional measures of state support for families with children”

How to repay a loan using MK

Repayment of the loan debt provides for the following:

• after receiving the certificate, choose a home to purchase with a mortgage;
• contact a financial institution to obtain a certificate of the amount of the remaining interest and principal;
• write to the Pension Fund an application to send maternity capital funds to repay the loan (the Pension Fund can process this paper for about 3 months);
• After the money is transferred to the organization’s account, it will be sent to the borrower’s account and the debt will be written off. Usually, such financial assistance is written off against the principal debt of the loan;
• specialists are required to change the loan repayment schedule and reduce the amount of monthly payments.

Step-by-step algorithm for buying an apartment with a mortgage from MSK

The path to your own apartment is sometimes not easy and often runs through a series of bureaucratic procedures. To purchase an apartment using money from the state and the bank, it is necessary to satisfy the requirements of both authorities. Below is a step-by-step diagram of actions for applying for a mortgage loan:

1. A search is made for a residential property that meets the wishes of family members.
2. The possibility of a financial organization or a real estate seller to participate in a transaction with the participation of maternity capital is being clarified.
3. An application is submitted to Sberbank for a loan. Documents are reviewed within 2-5 days.
4. A package of documents is collected, contracts are signed with the bank and the seller.
5. Sberbank transfers the agreed amount, which is withdrawn and placed in a safe deposit box with exclusively shared access.
6. The borrower registers ownership and presents new documents to the bank.
7. The seller receives money from the safe.
8. An application for the use of an MSK certificate with a package of documents is submitted to the Pension Fund.
9. The Pension Fund reviews the documentation and transfers funds to Sberbank using the specified details.
10. After repaying the loan, removing the encumbrance and taking full ownership of the apartment, family members must distribute shares of the property among all children, in accordance with the signed obligation.

The MSK mortgage program was created for the participation of the maximum number of Russian families in it, so most of its stages do not cause significant difficulties.

Is it worth using maternity capital for a mortgage?

If you decide to take out a mortgage, be prepared for the fact that you will need to insure the selected property with your own personal money. But if you close a housing loan with Sberbank before the time specified in the contract, you will be able to return unused insurance premiums. Usually there are no difficulties in obtaining them. If difficulties still arise, contact a lawyer.

Some Russians are confident that by paying off their mortgage in advance with maternity capital from Sberbank, they will ruin their credit history. However, this is a common misconception - there are no adverse consequences from such an action. And there are currently thousands of examples of this.

Moreover, according to statistics, the majority of maternity capital owners have already decided to improve their living conditions by paying off their mortgage early with Sberbank. There are no fewer of those who are just planning to turn to Sberbank in order to improve their living conditions on more attractive terms with the help of maternity capital finance.

How to pay for a mortgage at Sberbank with maternity capital?

To pay off a mortgage at Sberbank with maternity capital, you must follow the following algorithm of actions:

1. Obtain a certificate from Sberbank about the balance of the loan debt for transfer to the Pension Fund.
2. Submit an application to the Pension Fund. Along with it, the received certificate of debt, originals and copies of bank loan documents, as well as documentation for the apartment are attached.
3. Write an obligation to allocate shares to the children in the purchased property after the loan has been fully repaid.
4. Receive a positive decision from the Pension Fund of the Russian Federation to transfer funds.
5. Provide bank details for transferring the MSK amount towards the loan payment.
6. After transferring funds, which occurs within a month, you can receive from the bank a new repayment schedule or a certificate of full payment of the mortgage loan.

If the loan obligations have been finally repaid, then you need to contact Rosreestr to remove the encumbrance from the property.

How to get a mortgage with maternity capital

1. Select property to purchase
2. Sign an agreement with the seller
3. Select a credit institution
4. Submit your application by attaching the required documents
5. Wait for approval (decision may take up to 7 days)
6. Provide the bank with the necessary set of documents, sign the mortgage agreement
7. Get funds
8. Register the apartment purchase transaction
9. Transfer funds to the seller according to the terms of the agreement
10. Provide documents to the selected Pension Fund for the transfer of capital as a down payment
11. Wait for confirmation from the Pension Fund (up to 10 days) and receipt of money

If maternity capital is used to pay off a mortgage, after transferring funds you need to contact the banking institution to recalculate monthly payments.

Attention!

The procedure for performing transactions may vary slightly among different organizations. Therefore, after submitting your application and receiving approval, be sure to clarify what the next steps should be.