Mortgage with maternity capital: under what conditions is it possible to obtain

This is important to know:
• in 2020, the amount of maternity capital is 466,617 rubles.
• The program has been extended until at least the end of 2021.
• Families who have had a second, third, etc. since 2007 can receive funds. child
• If previously receiving money was possible only until the child reached 1.5 years of age, now this period has been extended to 3 years

For what mortgage purposes can you spend it?

Until recently, funds could only be used to purchase an apartment. But with the growing popularity of suburban housing, the program of use was revised and expanded.

You can only take out a mortgage using maternity capital from a bank.

According to amendments to the credit legislation adopted in April 2019, microfinance organizations are prohibited from issuing mortgage loans - that is, loans secured by real estate.

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.

Maternity capital as a down payment

There are several nuances that need to be taken into account when using a mortgage loan certificate.
• The transfer of maternity capital from the Pension Fund of the Russian Federation takes from 2 months - if you have not yet submitted an application for funds, take this period into account. Moreover, it can take up to six months, so it is better to obtain a certificate in advance, and only then submit an application to the bank.
• When purchasing a home, all family members – both parents and children – should receive a share. Including minors.
• The down payment must be at least 10% of the cost of housing - just capital may not be enough. Taking into account the payments established in 2020, the maximum cost of housing that can be purchased using only maternity capital as a down payment is 4.5 million. When buying a more expensive apartment/house, you need to save up additional funds.
• It is better to choose ready-made housing - when receiving a loan to purchase an apartment in a building under construction, it is difficult to predict the completion date of construction. Unfortunately, some objects remain unfinished or are put into operation with serious delays. This is a high risk for the bank. And the approval rate for such applications is significantly lower.
• If the mortgage is issued for construction , calculate in advance a detailed estimate with deadlines for completing all work. The reason is similar to the previous point. It is important for the bank to understand at what point the collateral will be put into operation. This will significantly increase your chance of approval.
• Insurance is required – real estate insurance is mandatory when taking out a mortgage loan. This not only reduces the risk of failure, but also significantly reduces the interest rate. In addition, taking into account the duration of the loan, this also ensures security for the borrower himself.

Contrary to popular belief, insurance is not that expensive. And it is processed very quickly.  

We advise you to look into the ratings of leading insurance companies to familiarize yourself with the nuances of the procedure and choose an insurer.

Features that are important to know

• Parents can use maternity capital when their child reaches 3 years of age
• These funds are not subject to tax
• the period for which this money can be used is not limited - if you think that now is an unfavorable period for buying an apartment, you can wait as long as necessary;
• If you lose your certificate, you can apply for a duplicate
• The law allows you to receive only 25 thousand in cash; Please note that the remaining amount can only be transferred via non-cash transfer.

What documents will be required?

• passport and its copy
• SNILS
• TIN
• documents confirming income (2-NDFL certificate or certificate issued in the form of a banking institution)
• maternity capital certificate
• documents for a transaction with a real estate seller

If part of the maternity capital was previously used, an extract from the Pension Fund will also be required, which will indicate the actual balance of funds.

The bank may also require other documents - check with the employees of the selected financial institution for the exact list after submitting a preliminary application.

Additional documents will help reduce the risk of refusal - a foreign passport (especially with travel stamps), documents confirming the presence of a car, etc.

Requirements for borrowers

• Russian citizenship + permanent registration (usually in the region where the bank operates)
• at least 1 year of general experience
• at least 6 months of experience in the current workplace
• age not less than 21 years at the time of loan application and not more than 75 years at the time of full repayment

These are the official requirements. In reality, you need to take into account that each bank has internal unspoken criteria for evaluating borrowers. Plus - a number of general rules.

For example, Socombank most often approves mortgage loans to clients over 35 years of age. It is advisable for younger couples to choose another financial institution.

For approval, it is desirable that the work experience is more than 1 year, employment with a stable salary and a white salary.

It is also worth taking care of your credit reputation in advance - check your credit history and, if there are problems, try to improve it before applying for a mortgage loan.

Repaying a mortgage with maternity capital

Matcapital can be used not only to obtain a mortgage loan (as a down payment), but also to repay it.

To do this, you will need to provide the bank with:
• passport (along with a copy)
• SNILS
• TIN
• mortgage agreement
• maternity capital certificate
• documents for purchased housing
• information about the outstanding amount of debt
• an extract from the Pension Fund about the account balance

In accordance with a previously signed agreement and the bank’s internal regulations, funds can be immediately used for early repayment of the debt or distributed over the entire remaining period in such a way as to reduce monthly payments.

TOP 4 offers of 2020

Which banks accept maternity capital as a down payment? Due to the prevalence of the program, there are plenty of options. But there are a limited number of truly profitable offers that will not force you to stand in lines for hours, overpay significant sums due to a high rate, or worry about a sudden reorganization of the bank.

Mortgage with maternity capital at Otkritie Bank

• up to 150 million rubles
• up to 20 years
• rate from 7.95%
• quick review
• independent choice of insurer
• high approval rate

Apply now

Mortgage with maternity capital at Alfa Bank

• up to 50 million rubles
• up to 30 years
• down payment – ​​from 10%
• at a rate of 8.09%
• minus 0.3% for salary clients of Alfa Bank
• decision within 3 days
• submit your application online

Apply now

Mortgage with maternity capital at Sovcombank

• up to 30 million rubles
• up to 10 years
• rate from 11.9%
• down payment – ​​from 10%
• “minimum rate guarantee” service
• high approval rate for clients over 35 years old

Apply now

Mortgage with maternity capital at Otkritie Bank

• up to 30 million rubles
• up to 30 years
• rate from 9.7%
• For the application you only need 2 documents
• minimum contribution - 10%

Apply now

Reviews on various programs

• Alfa Bank - most willingly approves applications for LLC employees with a stable salary , aged 23-25 ​​years. There are practically no problems in obtaining and repaying a loan. The main thing is to clarify all the details before concluding an agreement and be sure to “keep your finger on the pulse” when communicating with the Pension Fund. There are certain features associated with account numbers that can be used when transferring money to a bank.
• Otkritie Bank is highly valued by individual entrepreneurs, freelancers, and employees of individual entrepreneurs. It is most difficult for these categories of borrowers to obtain a large mortgage loan. However, Otkritie is really willing to cooperate with such clients. The minimum percentage is received by a small part of borrowers (with a stable salary and a good credit history). But you can fully count on 11–12%.
• Sovcombank - has a high percentage of approval among borrowers over 35 years old. According to reviews, there is practically no point in applying for a younger category of clients. The chance of getting a loan will be extremely low.

Source: https://financer.com/ru/kredit/ipoteka-s-materinskim-kapitalom/

How to pay off mortgage debt with maternity capital

My husband and I had our second child. Even before he was born, we took out a two-room mortgage, but now, because of my maternity leave, it has become difficult to pay: we spend more, but I receive very little.

I heard that you can get maternity capital and pay off the mortgage with it, but I don’t know how to do this, what documents to collect, where to take them. Tell me, please.

And one more thing: my friend wants to take out a mortgage on an apartment, but she doesn’t have the money for a down payment. Can she ask that her maternity capital be transferred to the bank for a down payment?

Irina P.

For everything to work out, you need to prove to the bank and pension fund that you will spend the capital on the mortgage and will not deceive anyone along the way. Everything is not very complicated, but in order not to get confused, let's look at it in detail step by step.

The author of T—Z Lena Evstratova shared documents that helped her pay off part of the mortgage with maternity capital. The main document is the certificate for maternal capital

The certificate will prove to the pension fund that you have a mortgage. It indicates the amount of debt and unpaid interest, the number of the loan agreement, the names of the borrowers and details for transferring maternity capital. Make sure that the certificate is issued specifically for the pension fund - banks have special templates for them.

It takes several days for the Pension Fund to receive a certificate, so you should order it in advance.

Sberbank issued a certificate for the Pension Fund for Lena in two days

To issue an obligation costs 2-3 thousand rubles, it usually takes one or two days. The notary must bring the following documents:

1. Passports or birth certificates of all family members.
2. Marriage certificate.
3. Maternity capital certificate.
4. Loan agreement.
5. Contract of sale.
6. An extract from Rosreestr on registration of ownership of the apartment.

When you receive the commitment, ask to immediately make and certify a couple of copies. The pension fund will take the original, but you will still need the document - at least when you distribute shares. Without a copy, it will have to be restored by a notary, and this will cost several thousand rubles more.

The notary confirms your obligation to re-register the apartment as common property

If the capital is only enough for part of the loan, agree with the bank on a new payment schedule. Matkapital can shorten the loan repayment period and can reduce the amount of monthly payments. It depends on what is written in the loan agreement. If you have a choice, it is better to write an application to the bank in advance, otherwise the bank itself will choose the repayment option.

If the agreement says, say, that additional amounts are credited to shorten the payment period, then there is no need to write a statement: the bank will still act according to the agreement.

If maternity capital closes the entire loan, get a certificate from the bank that you no longer owe it anything and it has no claims against you.

You can use Matkapital to pay the down payment for a mortgage - partially or fully. But it’s still safer to pay part of the money out of your own pocket. Banks are not too willing to lend to borrowers who do not have their own income.

To pay the down payment with capital, you need to write about this in your mortgage application. In addition, you will need a certificate from the Pension Fund that the maternity capital has not been spent on anything else.

The certificate is issued within three working days. To receive it, you need to bring your passport, SNILS, child’s birth certificate and a certificate for maternity capital to the fund’s office.

Attach the certificate to the application along with other documents for obtaining a mortgage.

After receiving a loan and purchasing an apartment, you need to ensure that the fund transfers the capital funds to the bank.

Here everything works the same way as when paying off a mortgage: take a certificate from the bank, draw up a notarial undertaking, write an application to the Pension Fund and wait.

After the fund transfers the money, it is worth checking with the bank whether you need to write an application or whether it will automatically write off the money against the loan.

If you have a question about personal finance, credit history or family budget, write to: [email protected] . We will answer the most interesting questions in the magazine.

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Source: https://journal.tinkoff.ru/ask/materinskiy-kapital/

Mortgage for maternity capital in 2020: nuances and step-by-step instructions

Maternity capital is one of the measures of state support for families with two or more children. Such assistance from the state can be directed strictly towards specific purposes: mother’s pension savings, improvement of housing conditions, education of children. The most common method allowed by the legislator is a mortgage against maternity capital.

How to use maternity capital for a mortgage

The legislation of the Russian Federation allows the use of maternity capital to improve the comfort of living conditions. But since the amount allocated by the state in the amount of 466,617 rubles cannot buy an apartment, most families who have received the certificate use it to purchase real estate with the help of a mortgage.

At the moment, the law allows the money allocated under the above program to be directed in the following areas:

1. Contribute money from maternity capital in the form of a down payment. This method of implementing government support is convenient when a family does not have money for a down payment on a housing loan. But be prepared for the fact that not all banking organizations accept maternity capital as a down payment on a mortgage. In addition, if you do not have your own savings, then you will also be limited in the cost of purchased real estate. Most credit institutions require at least 20% of the price of the purchased apartment as a first payment.
2. With maternity capital you will also be able to pay off interest and some of the mortgage debt. To do this, you initially notify the bank of your desire to repay part of the mortgage early, and then go to the Pension Fund and write a corresponding application. The money will arrive in the bank within 1 to 2 months.
3. Full repayment of the mortgage with maternal capital. If you decide to completely repay the balance of your mortgage with money from maternity capital, then, first of all, you need to contact the bank with a question about the availability of fees for full early repayment. If there are none, you can safely go to the Pension Fund and write an application for the transfer of capital funds to the bank.

Particular attention should be paid to the fact that banks, within the framework of the law, can establish a number of restrictions on the sale of maternity capital in order to repay the mortgage. Be careful.

Where can I send

Lawyers and banking experts are often asked the same question: is it possible to use maternity capital to obtain a mortgage to buy a dacha or house in a rural area? The answer to this question is ambiguous. The procedure for registration and implementation of this type of state assistance is strictly controlled by the Pension Fund of the Russian Federation.

Strict requirements are imposed on housing purchased with allocated funds:

1. The property must be located in our country and must have an address.
2. Housing must be suitable for living all year round.
3. If this is a private house, then it must have all the benefits of civilization (heat, electricity, etc.).
4. Housing should not be old, dilapidated or in disrepair.
5. Possibility of registration in the house. Is it possible to register in a mortgaged apartment? We have already written here.

As we can see, it is possible to buy a house or cottage with a certificate, but only if all the above requirements are met. Please note that it will not be possible to deceive the Pension Fund, since each property purchased under such a family support program is carefully checked not only by the bank, but also by the Pension Fund.

Step-by-step instruction

Getting a mortgage with maternity capital is not that difficult. The main thing is to follow the algorithm of necessary actions step by step:

1. Step one is to obtain the program certificate itself. Second child born? We simply take all the necessary documents for the children and go to the Pension Fund, where we issue the same certificate;
2. Step two is making a decision about the purposes for which this support measure will be implemented. If you decide to buy an apartment with a mortgage, then you should think about how you will pay the received certificate: in the form of a down payment or as repayment of part of the mortgage debt;
3. Step three – choosing a bank. Carefully study the conditions of all banking organizations and choose the program that is right for you. Please note that not all banks accept such certificates as a down payment on a mortgage loan;
4. Step four is collecting the necessary documents and submitting an application for a mortgage. In the application form, be sure to indicate the fact that you want to use the maternal certificate for the purposes you have chosen. From the Pension Fund you will need to receive a statement confirming the availability of funds in the account;
5. Step five - obtaining approval from the bank. If a positive decision is received, then you need to worry about finding suitable housing. We have already talked about the requirements for the property a little higher;
6. Step six – registration of an obligation with a notary, by virtue of which, after full repayment of the housing loan, the parents undertake to allocate shares to the children in the purchased apartment;
7. Step seven – visit to the Pension Fund. There you will need to fill out a sample application and indicate in it the purpose for which you want to direct assistance from the state. The government agency will also be required to conduct a thorough check of documents and selected housing. When making a certificate as a down payment, do not forget to warn the seller about this, since you can enter into a transaction only after the money is transferred from the Pension Fund to the creditor bank. The procedure may take 3-4 months;
8. Step eight – entering into a deal and signing a mortgage agreement, an agreement for the purchase and sale of real estate;
9. Step nine is the final step. Registration of the transaction in Rosreestr and issuance to the parties of a registered sale and purchase agreement with a seal.

Required documents

If you want to take out a mortgage using maternity capital, then a couple more certificates will be added to the standard list of documents for a mortgage.

The entire process of collecting and submitting documents can be divided into two stages:

• Submitting an application for a mortgage using a mother's certificate.
• Documents necessary for the transaction and the issuance of the mortgage loan itself.

At the stage of submitting an application to the bank, you will need to collect the following documentation:

1. Passports.
2. Birth certificates of children.
3. Documents confirming family income (2NDFL certificate, bank certificate, certificate of receipt of pensions or other social benefits, etc.).
4. Notification or certificate from the Pension Fund department about the balance of maternity capital funds in the account.
5. The certificate itself.
6. Documents confirming the employment of the parents or one of them (a photocopy of the work record book with the seal and signature of the management, a photocopy of the employment contract).
7. Confirmation of registration of the main borrower in the subject of the Russian Federation where the bank branch is located. If the registration is temporary, you will need a separate certificate in Form No. 3.
8. Application form.

If the bank's decision is positive, the credit institution of your choice will additionally require:

1. Documents for the selected property.
2. Real estate valuation results (appraiser's report).
3. If necessary: ​​apartment insurance and life (health) insurance of the main borrower.
4. A notarized obligation of the parents that after paying off the mortgage they undertake to allocate shares to the children in the purchased housing.
5. Basic agreement for the purchase and sale of housing.

When applying for a mortgage with mat capital, there are no special requirements for the borrower. They remain the same as for a conventional mortgage loan. But the borrower will have a fairly high chance of getting a loan approved using the mother’s certificate if the following conditions are met:

1. He is a salary client of the bank where he plans to take out a mortgage. In this case: the application will be processed faster, proof of income is not required, and the mortgage interest will decrease.
2. In addition to maternal capital, the family has additional savings. The bank sees that the family is able to save money, which means that the mortgage will be paid on time.
3. At least one of the family members has a high and, most importantly, stable salary, and has also been working in a confidently growing company for many years. By the way, the relationship between the company and the lending bank can also affect the decision on a mortgage loan. Recently, cases of mortgage refusals have become more frequent when the organization where the borrower is employed has large debts to the bank.
4. "White" credit history. If family members have no arrears or debts on previous loans, this will be a big plus. Please note that the lack of a credit history does not have a very good effect on the bank’s decision. A bad credit history is one of the main reasons for refusals to issue a mortgage loan. Read how to get a mortgage with a bad credit history and whether this can be done in a separate article on our website at this link.

To increase the amount of the mortgage loan, a family can attract up to 3 co-borrowers. The requirements for them will be exactly the same as for the main borrower. But in this situation, it is worth considering that in case of delay or non-payment of the debt, the bank has the right to demand the amount of debt from everyone equally. It is worth warning those who want to help you and become a co-borrower on your mortgage about this.

Using funds without waiting 3 years

According to the general rules enshrined in the legislation of the Russian Federation, funds allocated by the state can be spent strictly after the youngest child reaches the age of three. The exception is a mortgage under mat capital. A family can use the certificate immediately after the birth of their second or subsequent children for the following purposes:

• Make a down payment on a home loan.
• Reduce the amount of debt and part of the interest on the current mortgage.

In order to exercise this right, one of the parents must visit the Pension Fund at their residence address and write an application for the allocated funds.

Best bank offers

Leading banks of the Russian Federation, trying to please customers, are constantly improving the conditions for providing housing loans using maternal certificate funds. Let's look at the best offers that are relevant at the moment:

BankConditions and features
of Raiffeisenbank • Mortgage rate from 10.4% (subject to the purchase of a comprehensive insurance policy).
• Down payment from 0% (if you deposit a certificate as such).
• Period: up to 30 years.
• Loan amount: up to 26 million rubles.
• Only parents of borrowers can be involved as co-landers.
• You can buy housing under construction or ready-made.
Sberbank • It is possible to make a certificate in the form of a down payment. • No commissions.
• Preferential conditions for young families.
• Money under the mother's certificate must be received by the bank no later than 6 months from the date of registration of the mortgage.
VTB24 • Mortgage rate from 9.7% (subject to a number of conditions). • Use of maternity capital for the down payment, repayment of interest and part of the debt, repayment of the balance of the mortgage debt without fees for early repayment.
• Period: up to 30 years.
• Loan amount: up to 60 million rubles.
• Now not only the owner of the certificate, but also his spouse can use the funds (written permission is required).
RosselkhozBank • One of the borrowers must be the owner of the parent certificate. • Possibility to use funds for the down payment, provided that the total amount of the certificate is at least 10% of the price of the apartment when purchasing a secondary property and at least 20% when purchasing a new building.
• Money from the Pension Fund must reach the bank within 3 months from the date of issuance of the loan.

State assistance in the form of issuing funds for the purchase of housing is a good help for families with 2 or more children. A special advantage of such assistance is the possibility of making a certificate for maternity capital in the form of a down payment, since in modern conditions not every family can afford to save up their own funds even for the first payment.

Source: https://IpotekuNado.ru/programmy/materinskiy-kapital/ipoteka-pod-materinskiy-kapital

Maternity capital mortgage: how to get a mortgage under materite capital

Welcome! The topic of our meeting today is maternity capital and mortgages.

Read the post to the end, and you will learn: how to apply for a mortgage with maternity capital, the maternity capital mortgage program in the TOP - 5 banks in the country (how mortgage conditions are implemented), maternity capital and military mortgages (features of obtaining and repaying), how to send maternity capital capital on account of the mortgage. Let's get started!

Who is entitled to mat capital and how to use it

At the birth of a second child, parents do not always know all the conditions and features of obtaining a mortgage with state support and maternity capital. To receive maternity capital (for a mortgage), you must have two children. It is issued to the mother of two (or more) children. It is paid after the birth of the second child, regardless of whether it is twins, triplets or an adopted child (it also does not affect the number of children born after the second, or whether the parents are divorced).

The Russian one-time assistance program is provided only for Russian citizens. Therefore, if the mother and child have Russian citizenship, they are provided with maternity capital, even when they live abroad.

This legislative project started at 00.00 on January 1, 2007. If the birth or adoption of a child occurred before this date, the parents will not be paid family capital. If the 2nd child was born before the start date of the bill, when the third (fourth) child appears, you will still be checkmated. capital.

Often the mother receives the funds, but sometimes complex or even accidents occur. In the event of the death of the mother (2nd child), divorce with loss of maternity rights, the funds are allocated to the father, but if both parents die, the funds are provided to the child.

The child will be able to use the capital after reaching the age of majority and only for the purposes specified by law:

• Loan repayment (PF pays off debt);
• Mortgage for the amount of maternity capital;
• Getting an education.
• Mom's pension.
• Social adaptation of disabled children.

If a husband and wife divorce, the family capital is not divided. Even if the spouses decide to divorce, the subsidy remains the property of its owner. It often happens that a divorcee thinks that he can sue or divide the family subsidy funds. But when a divorce occurs, housing (purchased with subsidies) can only be considered for an even division.

When the program started in 2007, you could spend it on housing, on a child’s education, and on forming a funded pension. Later they decided to use family subsidies to pay off the mortgage with maternal capital (pay off contributions). And in 2011, it was allowed to use money for transfer to the personal account of the certificate holder.

Thus, the family could build housing on their own. In 2015, restrictions on the use of money were lifted. capital in order to pay off the down payment on the mortgage. Also, since 2016, a certificate can be provided for payment for technical devices and adaptation of disabled children.

We remind you that you no longer have to wait 3 years for your child to get a mortgage!

How to take (technology)

The most popular way to manage maternal capital is to buy an apartment or house. You may not need it now, but you can borrow the property and rent it out until your child grows up. The emergence of maternity capital accelerated the construction market and became an indirect reason for the rise in prices, especially in the economy segment of studios, which essentially became an analogue of an investment contribution.

There are two options to buy a home with a mortgage and capital:

1. buying an apartment with a mortgage. You can pay it off in full or partly using capital funds. (Must be your down payment, as a rule).
2. Use maternity capital funds to pay for the mortgage loan. (Then in most cases, your own funds for PV are not needed, but there may be exceptions).

Mortgages against maternal capital are now essentially represented by two legal lending formats:

1. Mortgage with mat capital as PV. The technology is as follows. The mortgage is issued for the full cost of housing. As soon as a mortgage loan is received, you must urgently contact the Pension Fund to transfer capital to the bank to pay off the mortgage. You wait two months for the transfer and pay the loan in full. Next comes mat capital and reduces the debt to the bank. As a result, your payment or mortgage term is reduced (depending on the bank).

This option for using maternity capital is one of the ways to take out a mortgage without a down payment. Other methods can be found in a separate post.

1. Mortgage loan for maternity capital. A bank, microfinance organization, developer or real estate agency can issue a loan in the amount of capital for the purchase of real estate. The rest of the amount either you must have on hand, or you receive it as a mortgage. After receiving the loan, you also go to the Pension Fund and wait for two months for the transfer of funds to repay the loan. As a rule, an additional fee is charged for such a service.

All other ways to cash out maternity capital are illegal. Be careful not to get into trouble with the law. We recommend a free consultation with our lawyer (form below) on ways to use your mother’s capital. This will save you time and money, and also eliminate many problems.

How to get a mortgage using maternity capital - the answer to this question will be given below.

You must use the “Mortgage plus maternity capital ” program. It is available in almost all large and small banks. In the next part of the post we will talk about the conditions in a number of them.

Depending on the bank, the procedure is as follows:

1. We decide on a bank.
2. We are preparing a package of documents.
3. Let's submit an application.
4. The mortgage is reviewed from two to seven working days.
5. We get approval.
6. We are looking for a real estate option (you can buy an apartment with a mortgage in a new building, a secondary building, buy or build a house, pay for a share in a housing cooperative).
7. We provide housing documents to the bank.
8. We sign a loan agreement.
9. We get a mortgage.
10. We register the transaction with justice.
11. We pay the seller.
12. We urgently run to the Pension Fund and provide Documents for repaying the mortgage to the mother
13. We are waiting for a month for consideration of the application and 10 days for the transfer of funds to mat capital
14. We contact the bank for a new payment schedule.

You can take out a mortgage with maternity capital:

• New building
• Resale
• Ready house
• Pay for the construction of a house
• Mat capital can be invested in housing cooperative shares.

The minimum mortgage amount for maternity capital is from 100,000 rubles (Rosselkhozbank).

A number of banks under this program require an initial payment of 5 to 10%. What kind of banks these are and under what conditions you will find out further.

Requirements for obtaining a mortgage loan

There are no special conditions that are very different from those required by borrowers in other loans. An application for a mortgage is made at any suitable bank, then it is reviewed by bank employees (1-3 days). Applying for a mortgage is not difficult, provided you have the necessary documents and mortgage conditions:

• Stable average salary;
• Work experience of at least one year;
• Have worked at your last job for at least six months;
• You must have certain documents with you - confirming your identity, solvency and employment;
• You need to have a certificate of family capital and a certificate of its balance;
• Down payment (in some banks).

In general, a normal level of earnings, stable work and rights to use government assistance. By fulfilling the basic conditions listed above, you can apply for a mortgage with maternity capital. Is it possible to calculate what kind of apartment you can buy based on the average amount of money provided to pay the loan per month? Of course it is possible to calculate.

Use our mortgage calculator. It allows you to make calculations, including taking into account mat capital. It is used to calculate the monthly payment. You can understand how much money to invest (invest) for a particular agreement, and whether it is profitable.

Military mortgage

Also, when you receive maternity capital, you can pay off your military mortgage. This became possible in 2012, a family member took out a military mortgage, now it can be paid off with maternity capital. It turns out that a military mortgage for a husband can be paid for by a subsidy from the wife.

Military mortgage and maternity capital can work together, but there are a number of nuances:

1. According to the terms of the military mortgage, it is assumed that the housing will be owned only by the military personnel, and the PF will require shared ownership, incl. and for children. Not every bank will agree to these troubles.
2. It is profitable to use maternity capital funds for a military mortgage. At the same time, you can save money on NIS and then use it when decorating another apartment.
3. You can use mat capital + military mortgage as a down payment, but it will be difficult to negotiate such an agreement through Rosvoenipoteka and the bank.

To resolve these issues, you need to contact the bank or consult our lawyer.

Top 5 bank offers

Sberbank

With the help of this bank, housing under construction or ready-made housing is purchased on credit. It is possible to issue a mortgage loan against capital and for the down payment or part thereof. A mortgage loan secured by maternity capital is obtained under the following conditions:

• Amount from 300 thousand rubles.
• Rate from 8.9%
• Life insurance 1% of the amount (in case of refusal + 1% to the rate)
• Duration up to 30 years.

The advantage of this bank is the ability to take into account additional income without confirmation. Sberbank issues the largest mortgage amount, all other things being equal, among other banks.

VTB 24

There is a program “Mortgage plus maternity capital”.

• Amount from 600 thousand to 60 million rubles.
• Rate from 9.7%
• Duration up to 30 years.
• Insurance from 0.5%

It is worth considering that a mortgage using maternity capital is issued with a mandatory PV of 5%. This is a definite disadvantage. But there is also a plus. VTB 24 does not take into account dependents when calculating solvency, and this increases the approved mortgage amount.

Uralsib

A mortgage with maternity capital is provided.

• Amount from 300 thousand.
• Rate from 9.9%
• Term 360 months.
• Insurance is very cheap from 0.2%

Uralsib has good rates. The bank does not look very deeply into your credit history, which will allow you to pass through the mortgage if there were small “sins” with earlier payments on other loans. But the bank requires 10% PV to maternity capital if you have a bank form, and not 2 personal income taxes.

Raiffeisenbank

Program “Mortgage + maternity capital”:

• Amount from 600 thousand rubles.
• Gives a mortgage from 9.9% per annum,
• The loan term is 1-25 years.
• Insurance from 0.2%

Raiffeisen has very good rates. They, like VTB 24, do not take into account dependents, but if you have a bank form, then you need to have 10% of your own funds. You can take out a mortgage on the cottage.

Rosselkhoz

Provides a mortgage against maternity capital on the following terms:

• Rate from 9.4% per annum,
• The loan can be issued for a period of up to 25 years
• The bank can borrow from 100 thousand to 20 million rubles.
• Insurance from 0.3%

Mortgage against maternity capital - provided under all bank programs. When applying for a real estate loan, you can buy: a house and land, an apartment, housing with participation in the construction, a plot of land for residential development, an unfinished object with land.

How to pay off a mortgage with maternity capital

The law allows maternity capital to be used for a mortgage. And parents have different ways to pay for it, even for an existing mortgage.

Repayment of a mortgage with maternity capital is discussed in more detail in a separate post. We recommend taking a look.

Most families (during divorce, single mother or father) spend their capital on an apartment with a mortgage; an apartment with a mortgage is the only chance for most families.

But it is worth knowing that capital only pays the accrued amount due. And penalties imposed during late payment can only be paid in cash.

The mortgage issued in the father's name is covered by a certificate issued in the name of the children's mother.

When a mortgage loan is closed with money from maternity capital, the borrower has the right to demand that the financial institution return part of the insurance premium. The terms of the mortgage loan require insurance, and the amount of annual insurance can be significant. Therefore, you should not miss the chance to return some money.

Often there are no issues with refunds, but if suddenly something goes wrong. These issues can be quickly resolved by contacting lawyers (fill out the special form in the right corner on our website).

And you shouldn’t think that the option of attracting maternity capital will have a bad effect on your credit history. The very fact of early repayment of the loan will have a positive effect on your credit history.

News

The head of the Federation Council of the Russian Federation, Valentina Matvienko, proposed extending the Maternity Capital program until 2025, which will help a large number of families receive support.

Also, do not forget about the bill on the allocation of a special payment of 450 thousand rubles to support large families with a mortgage. We wrote about it earlier.

Bottom line

Maternity capital with a mortgage is a very convenient and profitable way to solve the housing problem and even earn extra money. Capital invested in housing can generate stable rental income. And if all legal conditions are met during all procedures, then there will be no bad consequences and, as a result, the family can greatly reduce the financial burden and improve their standard of living.

Maternity capital for the purchase of an apartment is really profitable.

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Source: https://ipotekaved.ru/materinskiy-kapital/ipoteka-pod-materinskij-kapital.html

"Sberbank" - Mortgage plus maternity capital

How much loan can I expect?

The bank always approves the maximum amount that it can
issue to the borrower and co-borrowers specified in the application form.
However, the loan amount cannot be more than 85% of the value of the property you have chosen.

I was denied a loan. Why? What to do?

The bank does not explain the reasons for the refusal, as
this would lead to the disclosure of the borrower assessment system, which is
a commercial secret.
There are potentially about twenty parameters of the borrower and co-borrowers that this system can rely on.

If the bank
refuses you, you can reapply for a loan within the period specified in
the accompanying text of the refusal.
In some cases, you can reapply immediately.

How to pay off a mortgage loan early?

You can
repay the loan in full or in part ahead of schedule at a bank branch.

How to increase your chances of getting a mortgage with a small official salary?

For example, you can apply for a loan
with a certificate in the bank form instead of a 2-NDFL certificate.
An income certificate in the form of a bank is an alternative document that is accepted by the bank as
confirmation of the borrower’s income, but in which additional
earnings can be taken into account.

I am an elderly person, will they give me a mortgage?

You can take out a mortgage until
you turn 75 years old.
For example, if you are 65 years old, you can take out a 10-year mortgage.

If I receive a salary on a Sberbank card?

Salary clients of Sberbank, depending
on other loan conditions, may receive additional benefits.
At the same time, benefits are available if any of the co-borrowers is a salary
client.

·
If over the last two months you have had at least one
salary deposited onto your Sberbank card or account, you can receive a discount on your rate.

·
If you have had your salary credited to your Sberbank card (account)
in at least 4 of the last 6 months, you will not need to
additionally upload an income certificate and a copy of your work record book.

How can I find out the overpayment on my future loan?

You can see the amount of overpayment by registering in your personal account.
After registration, click on the calculation panel and you will see the overpayment diagram in
the calculator.

Is it profitable to buy a life and health insurance policy for the borrower?

Life and health insurance in the insurance
company Sberbank Life Insurance LLC or other companies
accredited by Sberbank allows you to reduce the loan rate by 1%.

Considering the purchase
of the policy, you will actually save about 0.5 percentage points on the rate.
In addition to saving on the rate, the policy fulfills its immediate purpose - the insurance
company will pay the bank the balance of the debt on your mortgage loan upon
the occurrence of an insured event (disability or death).

I am a citizen of another country, can I get a mortgage?

Mortgages from Sberbank are issued only
to Russian citizens.

Who can be a co-borrower?

Most often, co-borrowers are
relatives of the main borrower - spouse, parents, children, brothers and sisters.
In total, you can attract up to 6 co-borrowers.
If you are married, your spouse must be a required co-borrower.
Exceptions are possible if a marriage contract is concluded between the spouses.

For example, to increase your chances of receiving a larger amount upon
approval, you can involve co-borrowers - participants in salary projects.
And when applying for a loan, you can note that you do not want to take into account
the solvency of the co-borrower.
This will reduce the list of required documents, but may reduce the maximum approved amount.

How to use maternity capital for a mortgage?

You can use maternity
capital funds in whole or in part as a down payment when obtaining
a mortgage.
You can use only maternity capital or the sum of maternity capital and own funds.
For the minimum down payment amount, we recommend using the DomClick calculator.

When using
maternity capital funds, it is important to agree with the seller on the procedure and deadline
for receiving maternity capital funds, since this amount
is not transferred from the Pension Fund immediately.

Also, maternity capital funds can be used for early
repayment of an existing loan.

Where can I find a list of residential complexes accredited by Sberbank?

Residential complexes accredited by Sberbank
can be found here.

What additional costs will there be when applying for a mortgage?

• Depending on the type of property and the selected set of services, when applying for a loan you will need to pay:
• · Valuation report - from 2,000 ₽ depending on the region and the valuation company (required for the valuation of a collateral property);
• · Insurance of the collateral (for the purchased apartment) - directly depends on the size of the loan;
• · Life and health insurance of the borrower (not mandatory, but reduces the loan rate) - directly depends on the size of the loan;
• · State fee for registering a transaction in Rosreestr - 2,000 ₽ for self-registration or 1,400 ₽ for electronic registration (this is an additional service and is paid separately);
• · Renting a safe deposit box and paying for access to it (when buying a secondary home for cash) or paying for a secure payment service - from 2,000 ₽.

The cost of services is approximate. Check the exact cost on the websites of the relevant services.

Which is better: new building or resale?

1. As a rule, an apartment or apartment in
   a new building is purchased directly from the developer, while a resale apartment is purchased from the previous
   owner.
2. No one lived in the new building
   before you, the price per square meter is less than that of an apartment of the same class in the
   secondary market, there are promotions from developers, more modern layouts,
   however, you will not be able to quickly register at your place of residence, the elevator and gas
   will not be turned on until Most of the residents will not move in; most likely, they will have to wait for
   the development of infrastructure and the completion of repairs from the neighbors.
3. As a
   rule, you can move into a secondary property and register immediately after purchase; the infrastructure
   around it is already developed, however, most likely you will have to be content with a standard
   layout, worn-out communications, and you will need to check the legal
   purity of the property and the parties to the transaction.

What is the processing time for a loan application?

Review of the application does not exceed two days,
but most clients receive approval on the day of application.

How does the process of obtaining a mortgage from Sberbank through DomClick work?

Depending on the type of property and other
parameters, the process of obtaining a mortgage may vary.

However, the first stage
is the same for everyone - submitting an application for a loan.
To apply, calculate the loan using the DomClick calculator, register on the website, fill out the form and
attach the necessary documents.
Review of the application does not exceed two days, but most clients receive approval on the day of application.

If you have not yet
selected a property, you can start doing so immediately after receiving approval
from the bank, when you find out the maximum loan amount for you.

When the property
has been selected, upload the necessary documents in your DomClick account.

Within 3-5 days
you will be informed about the approval of the property you have chosen.
You can choose a convenient date for the transaction, which is carried out at the Sberbank mortgage lending center
.

The last stage is
registration of the transaction in Rosreestr. Congratulations, you're done!

Why register on DomClick?

After registration, you will have access to
a consultant’s help in the chat and a borrower’s questionnaire.
Registration allows you to save your data so that you can return to filling out the application at any time.
After receiving loan approval in the borrower’s personal account, you will be able to communicate with
your manager, send documents to the bank online and receive the services
necessary to obtain a mortgage.

How do I find out the bank's decision?

Immediately after consideration of your application, you
will receive an SMS with the bank's decision. A bank employee will also call you.

Can I buy/sell a property pledged by Sberbank with a mortgage?

Yes you can. To do this, you must provide a package of documents, a list of which is posted at https://ipoteka.domclick.ru/docs

Source: https://www.sberbank.ru/ru/person/credits/home/mot