Rural mortgage: 1 percent conditions, for a young family

All over the world, the most popular banking product is mortgage. Russia was no exception. Recently, more and more financial institutions are offering citizens the opportunity to purchase their own homes using a mortgage on favorable terms.

The state actively supports bank mortgage products. After all, with their help, young families can afford to purchase an apartment or house without saving money for years.

Of course, they will have to pay the monthly mandatory payments specified in the mortgage agreement, but they will live separately from their parents in their own home now, and not in 20-30 years, when they will be able to accumulate the necessary amount to purchase a home.

The main tasks that the country’s leadership wants to solve with the help of mortgages are, of course, the demographic problem, the development of sparsely populated areas and the active settlement of rural areas.

Recently, information has appeared in the media that anyone can take advantage of super favorable mortgage conditions, which include an interest rate reduced to 3%.

At the end of spring 2020, the Government of the Russian Federation approved Resolution No. 696, the main purpose of which was the problem of development and settlement of agricultural areas in Russia. 

The essence of this bill is to encourage citizens of the country to move to rural areas for permanent residence. Thus, to restore and develop villages and villages that have been abandoned to date.

To do this, the country's banking sector, together with the Government, offers to purchase real estate under a mortgage agreement, using borrowed funds at a low annual interest rate of 3%.

But favorable mortgage conditions alone are certainly not enough for spoiled city residents accustomed to increased comfort.

Therefore, 2.3 trillion rubles were allocated from the budget at the federal and state levels for the development of infrastructure and housing indicators, the creation of additional jobs, as well as for the improvement of agricultural areas of our huge country.

Read also: Mortgage “Young Family” in Sberbank with conditions for 2020.

When is rural mortgage launching?

Despite the fact that the bill was approved and came into force relatively recently, many are already interested in this proposal. But it will be possible to use it only from January 2020. Applications for mortgages at 3 percent per annum will not be accepted before this period.

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Basic requirements and conditions

Based on the resolution, the main requirement will be the acquisition of real estate in a certain territory:

• Small cities with no more than 30,000 residents;
• Urban-type settlements included in large cities, the so-called urban settlements;
• Geographically small rural settlements;
• Settlements classified as rural;
• Small villages united with district municipalities by a common territory.

The preferential interest rate will not apply to the purchase of real estate in the capital of our country and its region, as well as in St. Petersburg.

The main conditions for concluding a mortgage agreement with a rate of 3% are as follows:

• The term of the mortgage will be 25 years;
• A down payment of 10% of the cost of housing is required;
• The basic annual percentage is 3%, but it can be reduced to 0.1% due to regional subsidies;
• The maximum amount of borrowed funds provided cannot exceed RUB 5,000,000 when purchasing housing in the Far East and Leningrad Region; RUB 3,000,000 in all other regions of the Russian Federation.

Important point. In case of quick and early closure of the mortgage, the property purchased under this preferential program cannot be sold or donated within 5 years from the date of signing the contract.

You can also take advantage of the preferential offer to purchase housing only once.

Requirements for the borrower

1. Mandatory requirement: Russian citizenship.
2. At the time of signing the mortgage agreement, the borrower must already be 21 years old and on the date of the last mortgage payment the age of the payer must not exceed 65 years.

3. Documentary confirmation of the monthly level of official income for the last six months will be required using a 2-NDFL certificate or on a bank form.
4. The borrower must have permanent or temporary registration in the rural area in which he plans to purchase real estate.

5. A citizen applying for the purchase of housing under a preferential program must carry out his labor activity in the territory of this settlement for at least one year as an individual entrepreneur or employee in the agro-industrial, veterinary or social fields.

In addition, the financial institution has the right, at its discretion, to request additional documents.

Required documents

1. Russian Federation passport with permanent or temporary registration in Russia.
2. Men must provide a military ID or a certificate of deferment from military service.

3. Employed citizens will have to provide the financial institution with a copy of their work record book with a mark on their current place of work or an agreement confirming the borrower’s employment.

   Individual entrepreneurs will need to present a certificate of registration as an individual entrepreneur. For pensioners - pension certificate.

4. The potential client will need to verify their monthly income. Working employees must contact the accounting department of their enterprise in advance to obtain a certificate of profitability in form 2-NDFL.

   An individual entrepreneur confirms his income using a tax return for the last 2 years. A pensioner can receive a certificate indicating the exact and complete amounts of monthly pension accruals from the Pension Fund of the Russian Federation in person, or through the State Services website.

5. When considering an application for a mortgage, the bank will ask you to provide a number of documents for the purchased property: cadastral and technical passports, a certificate confirming the ownership of the current owners, their passports, as well as an expert assessment of the property conducted by a special independent organization.

To date, there is no finally approved complete list of documents for a mortgage at 3 percent.

Most likely, in addition to the above documents, you will have to provide registration in the rural area in which you plan to purchase housing on a mortgage and document your employment in the areas specified in the requirements for the borrower receiving loans under the state preferential mortgage lending program (agriculture, veterinary medicine, enterprises, providing social services to the population).

Real estate requirements

The quality of the property must allow year-round living. Dilapidated housing will not be considered:

1. A house or apartment must be supplied with electricity, running water, sewerage and any type of heating if there is no gas supply in the region.
2. The area of ​​the house must comply with legal regulations on the provision of minimum square meters for each family member, including minors. Each region of Russia has its own indicator.
3. When issuing a preferential mortgage, the location of the property being purchased will be taken into account.

Before signing the contract, the financial institution will necessarily require an independent assessment of the property. The mortgage amount cannot significantly exceed the value indicated in the appraisal.

Where can I get a mortgage at 3 percent?

A preferential mortgage can be obtained from today’s only fully state-owned financial and credit institution, Bank DOM.RF, or from any other bank participating in the Mortgage at 3% program. A complete list of these organizations will soon be available on the official website of the Ministry of Agriculture.

How to get a mortgage at 3 percent - Step-by-step instructions

1. Step 1. First of all, the borrower needs to contact the selected financial institution to receive detailed and reliable advice.
2. Step 2.

   Collect a complete list of all required documents and submit an application.

   Note. All certificates must have a current date.

   If more than 10 business days have passed since the receipt of the document, the bank has the right to refuse to accept such a certificate to the client.

3. Step 3. Upon approval of the application, it is possible, at the request of the bank, that you will need to provide a number of additional documentation.
4. Step 4. In fact, the very fact of signing a mortgage loan agreement.
5. Step 5. The borrower needs to register the purchased property with Rosreestr.

   Note. Until all credit obligations to the bank are completely closed, a citizen does not have the right to sell or give mortgaged housing.

On average, it will take from one to four months to complete all of the above steps, from the initial consultation to the registration of real estate in Rosreestr.

Any banking product has both its positive and negative sides. The preferential mortgage program at 3% also has its drawbacks.

Disadvantages of a 3 percent mortgage

1. Mandatory work experience of at least 1 year in the settlement in which it is planned to purchase housing.
2. Restriction on sale for 5 years from the date of signing the mortgage agreement.

   Nobody knows what will happen tomorrow, and even more so it is impossible to plan your life for such a long period of time.

   Perhaps, for family reasons or some other serious reasons, the borrower will have to urgently return to the city, move for permanent residence to another region, and maybe to another country.

But, despite the above negative aspects, financial analysts on mortgage lending in Russia, even before the official start of the preferential mortgage program at 3% per annum, make very favorable forecasts.

In their opinion, this loan offer, with the support of the Government of the Russian Federation, will be in demand among the population of the country and will really help attract a large number of citizens to permanent residence and work in rural areas. Which will undoubtedly have a beneficial effect on the revival of currently empty Russian villages and villages.

Conclusion

Summarizing all of the above, we can draw the following conclusions:

1. Preferential mortgages with government support will certainly help the development and active settlement of rural areas in Russia.
2. Based on the latest data from Rostrud, the level of average salaries of citizens living in villages is not so high that they can afford to improve their living conditions with the help of a mortgage agreement with an annual interest rate of 10%.

   But a much larger number of families will be able to take advantage of a mortgage at 3% per annum. Having your own separate housing, with conditions suitable for normal life, will certainly have the most beneficial effect on increasing the demographic indicator throughout the country as a whole.

3. Given the relatively low cost of real estate in rural areas, a down payment of 10% will not be such a fantastic and huge amount that is unaffordable for many citizens.
4. The requirements for borrowers under the preferential mortgage program from banks are lower than for those who purchase real estate under a regular mortgage with a higher interest rate.

Mortgage calculator

Calculate the amount of monthly payments in advance, according to the amounts and terms convenient for you.

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Source: https://probankira.ru/ipoteka/ipoteka-pod-3-tri-procenta.html

Mortgage at 1 percent in 2020: conditions, Sberbank and rural

The state publishes new bills with enviable regularity. Some of them are aimed at improving the living conditions of families with children living in rural areas. Here is one of the latest innovations - a mortgage at 1 percent.

This program has attracted the interest of many residents of the Russian Federation. Who can count on a preferential housing loan and what criteria must be met to participate in the mortgage program at 1 percent in Sberbank, in rural areas and in certain regions such as Tyumen, Belgorod, etc.

d – a detailed analysis of the advantageous offer later in the article.

What is a 1 percent mortgage?

A home loan with low interest rates is the dream of many potential borrowers. But thanks to interesting proposals from the state and commercial banks, this desire can actually be realized. Thus, today there are/are at the commissioning stage 3 programs with rates of 1 percent:

1. Rural mortgage (expected to come into force from the beginning of 2020).
2. Affiliate product from Sberbank for purchasing housing in new buildings.
3. Various regional offers.

A detailed description of each item is given below.

Rural mortgage at 0.1-3%

In the spring of 2019, the Government of the Russian Federation proposed a project for the development of rural areas for consideration. According to it, residents of small areas were offered preferential housing loans.

The program also provided for improving living conditions for local citizens: providing new jobs and developing infrastructure. In the summer of the same year, after a corruption examination, the bill was introduced.

This means that from the beginning of 2020 (this is when the program begins) citizens of the Russian Federation will be able to receive a mortgage at 1 percent.

Conditions

A rural mortgage at 1 percent is an advantageous offer in the opinion of many citizens of the Russian Federation. However, will the amount of monthly payments rise for residents from small settlements, will they be able to repay the loan taken in full? Considering the terms of the loan will help answer these questions:

• the maximum period for which a housing loan is issued is 25 years;
• down payment – ​​from 10% (and maternity capital funds can be used for these purposes);
• the maximum lending amount is 3 million rubles (exception: Leningrad region and the Far East, where this figure can increase to 5 million).

As you can see, the state offers quite favorable mortgage conditions at 1 percent. This means that there must be demand for such a program: it is not for nothing that the state has allocated 2.3 trillion rubles for these purposes.

Important! It will not be possible to use this program if you purchase real estate in municipalities of the cities of Moscow and St. Petersburg, the Moscow region.  

Who can buy

According to the adopted law on providing mortgages at 1 percent for residents living in rural areas, only a certain circle of people will be able to take advantage of the program, namely those who meet the following requirements (all at the same time):

• having permanent or temporary registration in the village;
• those employed here (it is acceptable to work “for yourself” - as an individual entrepreneur);
• conducting activities in certain areas for at least a year: agro-industrial, social, veterinary medicine.

Financial organizations also have their own requirements for potential borrowers. Most often this is:

• presence of Russian citizenship;
• age range 21-65 years;
• solvency (availability of a permanent place of work, sufficiency of income received), confirmed by special certificates.

Important! Banks may, at their discretion, put forward new requirements: a complete list of all conditions for issuing a mortgage at 1 percent can be found directly from the potential lender. By the way, at the moment Sberbank and Rosselkhozbank have agreed to issue such a loan.

Special purpose

To participate in the preferential lending program, it is not enough for borrowers to meet certain requirements: the purchased property must also meet certain standards. Thus, the location of the house will be taken into account: it must be built in small settlements (villages, hamlets, workers’ settlements).

The second point that will be paid attention to when drawing up a deal is the quality of housing. It must meet the following criteria:

• the house implies all-season living;
• All basic communications are installed in the home: electricity, gas, water, sewerage;
• The area of ​​the property is sufficient according to the standards.

Important! Before receiving a mortgage at 1 percent, you will need to order a real estate valuation report from experts. If the amount they indicate turns out to be significantly less/more than the indicated value of the house, the bank has the right to refuse to provide a loan. Rural mortgages at 0.1 - 3% are discussed in more detail in a special post.  

Mortgage at 1% in Sberbank

Since November 2019, it is possible to obtain a mortgage at Sberbank at 1%. Sberbank announced this at the end of October. This reduction in rates is achieved through a special discount to the interest rate of standard programs.

At the request of the client, he can independently choose the size of the discount. The first option assumes that the rate is reduced by 1.4% from the standard rate and will be valid for the entire loan term.

The second option gives you a chance to reduce the rate by 4% immediately, but it will be valid only until the house is put into operation.

Important point! A preferential mortgage at 1 percent from Sberbank will only be available for apartments in a new building from a developer who works with Sberbank on escrow accounts within the framework of the new legislation.  

Conditions

A mortgage at 1 percent from Sberbank is issued on standard conditions for new buildings:

InterestRate, % Surcharges
Basic rates 8.7 + 0.3% if PV is from 15-20%;
+1% if you refuse insurance;
+ 0.5% if you do not have a Sberbank salary card; + 0.3% if the mortgage is based on two documents.
Subsidized rates for up to 7 years 6.5 + 0.3% if the PV is from 15-20%; +1% if you refuse insurance;
+ 0.5% if you do not have a Sberbank salary card; + 0.3% if the mortgage is based on two documents.
Subsidized rates for a period of 7 years 1 month. up to 12 years old. 7.2 + 0.3% if PV is from 15-20%; +1% if you refuse insurance;
+ 0.5% if you do not have a Sberbank salary card; + 0.3% if the mortgage is based on two documents.
Subsidized rates for a period of 12 years 1 month. up to 30 years old. 7.7 + 0.3% if PV is from 15-20%; +1% if you refuse insurance;
+ 0.5% if you do not have a Sberbank salary card; + 0.3% if the mortgage is based on two documents.

Important! The 1 percent rate will be valid only until the completion of construction work on the site and when registering a family mortgage with Sberbank.

Other borrowers will be able to qualify for other reduced values:

• 3.3 and 3.8 - when applying for a Sberbank mortgage under special agreements with borrowers;
• 5.3% when purchasing an apartment from developers accredited by the bank and in other cases, respectively.

Who can apply

Anyone can purchase a home with a mortgage at reduced interest rates. The main thing is to satisfy the bank’s requirements (have Russian citizenship, meet the company’s age criteria and solvency).

Purpose

The mortgage loan under consideration with reduced rates will only apply to the purchase of real estate on the primary market directly from developers. In this case, cooperation between the financial company and the home seller is mandatory. Namely, the developer must use Sberbank escrow accounts.

A mortgage at 1 percent in Sberbank is discussed in detail in a special post.

Regional programs

In order to improve the demographic and social situation, some entities are creating their own local preferential mortgage lending programs. Some regions are thereby trying to increase the birth rate, others are trying to improve living conditions for state employees, and others are trying to restore life in dying villages. An analysis of the most interesting and current offers is presented below.

Belgorod

The program, introduced in the Belgorod region, involves issuing mortgages at 1 percent to young families who have expressed a desire to build a house in a dying village. The terms of the loan are as follows:

• loan term – up to 15 years;
• maximum amount – up to 3 million rubles;
• debt write-off in the amount of 1 million rubles at the birth of children (for each). That is, if three children are born in a family, the mortgage will be fully repaid.

Important! The most attractive thing about this offer is that for the first 3 years after receiving a mortgage at 1 percent, the family will be completely exempt from the need to make monthly payments.

Tyumen

Information repeatedly appears on the Internet about the possible launch of preferential housing loans in the northern regions. The possibility of launching a mortgage at 1 percent was also implied in Tyumen, but to date the bill has not been adopted and is not under consideration. This means that residents of the region will have to be content with other offers.

What other regions could there be?

Often, when considering the possibility of issuing a mortgage at 1 percent, we are talking about sparsely populated regions. More often they are the northern regions. For example, a similar program is already operating in the Yamalo-Nenets Autonomous Okrug. The possibility of obtaining a mortgage at 1 percent was also discussed in the Sverdlovsk region.

Calculator

You can use a mortgage calculator to calculate your approximate monthly payment. It will allow you to find the most suitable relationship between the loan term and the amount of payments.

conclusions

At the end of the article, the main points can be highlighted:

• Today, a mortgage at 1 percent can be obtained through several programs at once. Thus, the offer is relevant for rural residents purchasing an apartment from citizens of Sberbank partners, the population of certain subjects (Belgorod region, Yamal-Nenets Autonomous Okrug).
• The main condition for all potential borrowers is Russian citizenship, age from 21 to 65 years, solvency (confirmation with relevant certificates is required).
• Most often, a mortgage at 1 percent is valid only if there is a life and health insurance policy for the borrower. Whether this condition is relevant in a certain situation should be clarified with the bank/government institutions aimed at resolving housing issues.

Still have questions? Ask them to x or our duty lawyer. We will be grateful for your like and repost of the article.

Detailed information about the entities where mortgages at reduced interest rates will be introduced is provided here.

Source: https://ipotekaved.ru/gospodderzhka/ipoteka-pod-1-procent.html

Rural mortgage at 0.1-3 percent from 2020: how to get it?

A new mortgage program with government support is planned to launch in 2020. This is a socially oriented project developed by the Government to attract residents to the countryside.

The name of the product corresponds to the stated goal - “Rural Mortgage”. Let's consider the terms of preferential mortgages at 0.1 - 3 percent and the requirements for rural residents. We'll tell you the latest news about the project.

The essence of the program and conditions for providing a preferential loan

The main goal of the program. A new credit and social product was created to attract people to rural areas. It is known that in recent years there has been a sharp increase in the migration of rural residents to cities. This is especially true for young people.

The government has developed a set of measures to correct this situation:

• Landscaping.
• Development of engineering and transport infrastructure.
• Solving employment issues.
• Preferential mortgage for rural residents.

Large federal banks - Sberbank and Rosselkhozbank - will be in charge of issuing and servicing mortgage loans. It is these credit institutions that have branches in rural areas. Both companies are currently working on the product. The exact credit limits are not yet known. However, the budget for 2020 has already included 1 billion rubles for the implementation of rural mortgages.

The resolution states that preferential mortgages will be available for the purchase or construction of residential premises located in rural areas.

This includes:

1. Cities whose population does not exceed 30 thousand people. They must interact closely with neighboring rural areas - have a common infrastructure and depend on the same economic factors.
2. Small settlements.
3. Urban-type settlements that are part of an urban district.
4. Rural settlements.
5. Inter-village territories, small settlements with common areas at the municipal level.

Important! preferential mortgages will not be available within the municipalities of the Moscow region, as well as Moscow itself and St. Petersburg.

Other conditions apply:

• The maximum loan limit is 3 million rubles for all regions of the country except the Leningrad region and the Far East. Here you can get up to 5 million rubles for the purchase of real estate.
• The term of the mortgage loan is up to 25 years.
• The annual rate varies from 0.1 to 3%. It is possible to get a rate below 3% thanks to subsidies allocated from the regional budget.
• The minimum down payment is 10%.

Important! You can only apply for a mortgage loan under these conditions once. However, the property cannot be sold for 5 years.

Text of the Government resolution on providing mortgages to rural residents

The full text of the new Decree of the Government of the Russian Federation No. 696, according to which rural mortgages will work, can be downloaded from this link, or viewed below.

Resolution of the Government of the Russian Federation No. 696 was approved on May 31, 2019. The document was developed within the framework of the “Integrated Development of Rural Territories” program. On its basis, a regulatory legal act was drawn up, registered on the federal portal on August 15, 2019. The mandatory corruption examination procedure ended on August 29, 2019. From this date the document came into force.

As it became known from the media, the preferential mortgage program “Rural Mortgage” begins to operate on January 1, 2020.

Who is eligible for a rural mortgage?

Potential borrowers must meet the standard requirements imposed by credit institutions:

1. Age from 21 to 65 years at the time of mortgage repayment.
2. Sufficient income to pay the mortgage, which is confirmed by a 2-NDFL certificate.
3. Citizenship of the Russian Federation.

In addition, the regulatory document dated August 29 establishes additional criteria for assessing candidates for preferential mortgages.

The borrower can be a rural resident who:

1. Has permanent registration in rural areas or registration at the place of residence in the village.
2. Conducts labor activities at the place of registration under a contract or as an individual entrepreneur. He must be employed in the social, agro-industrial fields, or work with farm animals as a veterinarian.
3. Has a minimum experience in the current workplace of more than 1 year.

The creditor has the right to make additional demands. Please check directly with your mortgage manager for all details.

What housing is available with a preferential mortgage?

Consideration of an application for a mortgage at 3 percent begins with an assessment of the area where the property is located. Next we study the house itself.

It must meet several mandatory requirements:

1. Availability of conditions for year-round living.
2. There are the necessary communications - water, electricity, heating and sewerage.
3. If the area is gasified, gas must be supplied to the house.
4. The size of the living space must be sufficient for each living person. The standards are set individually; they are different in each municipality.

Important! Before applying for a mortgage, the property must undergo an expert appraisal. The amount indicated in the report should not significantly exceed the size of the loan.

Where should you apply to get a mortgage at 3 percent?

After the preferential lending program comes into force in 2020, everyone who wants to become a participant must contact the DOM.RF company.

This is the only credit institution that is owned by the state. Other large banks will also join the program. Rosselkhozbank and Sberbank have already announced their participation.

The Ministry of Agriculture will publish the exact list of participants soon. We are monitoring developments.

  Mortgage conditions 6 percent in 2020 and latest news

Step-by-step design scheme

Let's consider what you need to do to get a preferential mortgage at 3 percent:

1. Study the requirements that a potential borrower must meet and analyze whether your candidacy is suitable.
2. Contact DOM.RF for detailed advice. The full list of banks will be known later.
3. Collect the necessary documents and provide them to the lender.
4. Wait for the application to be approved.
5. Find suitable property.
6. Contact an appraisal company accredited by the bank to conduct an expert appraisal.
7. Submit a written expert report to the bank.
8. Complete the transaction.
9. Register real estate in Rosreestr.

The entire process may take several months. Much depends on how quickly the borrower finds a suitable residential building.

According to the legal act signed by the Government of the Russian Federation, the final list of required documents is established by DOM.RF Bank and other participants issuing mortgages under the preferential program.

Based on the existing list of required documents, it can be assumed that the following will be required:

1. Passport of a citizen of the Russian Federation.
2. Military ID or deferment document for men.
3. Extracts and certificates that confirm the candidate’s solvency. For individuals, this is a certificate of income, a standard contract or a work book. For individual entrepreneurs – tax return for the previous 2 years, certificate of registration. For pensioners - a pension certificate, certificate or bank statement with accrued amounts.
4. Documents for the property: certificate of ownership of the sellers, their passports, written assessment report, cadastral and technical passport.

Taking into account the requirements for potential borrowers under the preferential program, a stamp on registration in rural areas, as well as an agreement or certificate to confirm the candidate’s employment in the areas specified in the requirements, may be added to the standard list.

Calculate rural mortgage using a calculator

To find out how much you will have to pay on your mortgage each month, use a special calculator. Enter the interest rate, desired loan amount and planned term. The calculator will calculate the monthly payment and overpayment on the mortgage.

The latest information about the program reported by the media is related to the determination of the main parameters of the mortgage:

• Down payment – ​​10%.
• The percentage is from 0.1 to 3% (will depend on the region in which they apply for a mortgage).
• The maximum loan term is 25 years.

In the Republic of Mordovia, active work is being carried out to implement the project. The head of Mordovia, Vladimir Volkov, announced the preparation of lands that will be built up with new residential buildings for village residents.

New infrastructure facilities are also being built, and measures are being developed to create additional jobs. According to the head of the republic, all people living in settlements where the population does not exceed 40 thousand

people will be able to become participants in this preferential mortgage program. 

conclusions

The new social credit program is aimed at improving living conditions in rural areas and attracting urban residents, especially young people, to villages. This project is also very important for the villagers themselves. Affordable mortgage terms will allow local residents to take out a home loan even with a small salary.

Of course, there are some difficulties. For example, a required year of experience in a certain field. Another negative point is related to the inability to sell real estate within 5 years after purchase.

Despite these nuances, the preferential loan program “Rural Mortgage” is already arousing great interest not only among rural residents, but also among residents of large cities planning to move to a small town.

Perhaps the implementation of the project will be the first successful step towards the revival of the Russian village and the country's agricultural industry.

Source: https://IpotekuNado.ru/programmy/gospodderzhka/selskaya-ipoteka-3-procenta

Preferential mortgages for residents of rural areas from January 1, 2020 in Russia

The Russian authorities are developing preferential mortgage conditions for residents of rural areas. The new program is expected to be operational from January 1, 2020.

The Ministry of Agriculture of the Russian Federation proposed to discuss additional measures for the development of the state's agricultural territories in order to prevent the outflow of the population to the cities. Department specialists have prepared a draft preferential mortgage program, according to which village residents will be able to obtain a housing loan at the lowest interest rates - no more than 3% per annum.

Rural mortgage conditions

A mortgage loan can be taken out both for the purchase of finished housing and for individual housing construction. The maximum loan rate will not exceed 3%, while regions, as part of co-financing, can reduce it to 0.1%.

The loan will be issued for a period of up to 25 years, the down payment must be at least 10%. Another condition: housing must be purchased only on the primary market.

The maximum loan amount is 3 million rubles, with the exception of the Leningrad region and the Far East (where the mortgage size increases to 5 million rubles). Preferential mortgages for agricultural residents will not apply to Moscow, the Moscow region and St. Petersburg.

Where can I get a rural mortgage?

The new product is being developed by the 2 largest Russian banks operating in rural areas - Sberbank and Rosselkhozbank. According to Deputy Head of the Ministry of Agriculture Olga Lut, credit organizations promise to work out all the rules and conditions by the end of this year, the program should start working from January 1, 2020.

The volume of financing for rural mortgages from the budget will amount to 1 billion rubles in 2020.

On October 14, 2019, it became known that from January 1, 2020, a preferential lending program for citizens living in rural areas will begin in Russia. This information was provided by Oksana Lut, who holds the position of Deputy Minister of Agriculture of the Russian Federation.

Attention! If you have any questions, you can consult a lawyer for free by phone: +7 (499) 653-74-12 in Moscow, +7 (812) 363-16-55 in St. Petersburg, +7 (800) 550 -32-96 throughout Russia the call is free. Calls are accepted 24 hours a day. It's fast and convenient!

According to the official, the corresponding products will be developed by 2 banks : Sberbank and Rosselkhozbank. Loan programs must be submitted, approved and tested by the end of 2019. Lut noted that the draft budget of the Russian Federation for next year includes funds for the implementation of the program, so the launch of preferential mortgages is planned for January 1, 2020 .

As part of the 2020 rural mortgage, the state will subsidize the housing loan rate for rural residents up to 3% . Regional authorities, in turn, will be able to participate in co-financing and reduce the mortgage interest rate to 0.1% .

It is expected that funds in the amount of 1 billion rubles . Detailed conditions for housing loans were not .

Rural mortgage: 1 percent conditions, for a young family.

The Ministry of Agricultural Development proposed a rural development project for discussion. Among the effective measures, officials highlight preferential loans for the purchase of housing. Rural mortgages are designed to improve the quality of life in rural areas and reduce the outflow of young people from villages and small towns.

Purpose of the program

Representatives of the Ministry of Agriculture are talking about introducing forced measures for the development of the village. It is no secret that young people prefer to go to cities and metropolises after completing their studies. This leads to the fact that many small villages are left without inhabitants and gradually die out.

The main goal of the program is to attract attention to the problems of rural areas and encourage young people to stay in their homeland.

The problem is especially acute in the Far East, which is why preferential lending already exists there with a rate of up to 6%. In addition, the project will increase the volume of construction in rural areas.

Lending conditions in rural areas

It is planned that mortgages in rural areas will be issued on the following conditions.

• Loan term up to 25 years.
• Rate – 1%.
• Down payment – ​​from 10%.
• The maximum loan size is up to 3 million rubles. In the Leningrad region and the Far East, this amount has been increased to 5 million rubles.

It is planned that the first installment can be paid both from personal funds and through subsidies, including maternity capital.

The preferential rate of 1% will apply for the entire payment period. In this case, the borrower will definitely need to take out personal insurance. Moscow, St. Petersburg and the Moscow region do not participate in the program.

With borrowed funds, you can purchase housing that is under construction or that has already been put into operation. But the main condition is that real estate must be purchased on the primary market, from developers or companies representing their interests.

A rural mortgage at 1 percent will be issued on the same terms as a regular type of loan. The profits that banks do not receive will be reimbursed to them from the state budget.

The program is scheduled to launch on January 1, 2020. However, the project is still under discussion, so changes may be made to it.

To obtain a mortgage, you must contact the selected financial institution with the following package of documents:

• passport;
• TIN and SNILS;
• a copy of the work book;
• 2-NDFL certificate confirming income for at least 6 months.

If necessary, bank employees may require additional papers. If the applicant’s income is low, then he can attract a co-borrower, who is usually a spouse or other close relative.

Mortgaging a rural house will increase the volume of housing being built and put into operation outside of large cities. Officials proposed a 5-year program. For this period, funding for the project from the federal budget is provided for more than 200 billion rubles.

At the same time, the volume of real estate construction in rural areas is planned to increase annually. By 2025, the figure should reach more than 800 thousand square meters.

Officials also provided for the possibility of reducing the down payment for borrowers with low debt levels.

The issue is being considered that less than 10% of the property price will be paid by home buyers whose total debt will not exceed half of their monthly income.

Mortgage for a young family

Young families are currently provided with state support when applying for a mortgage.

To participate in the federal target program “Housing”, spouses must meet the following requirements:

• be no older than 35 years old;
• need improved living conditions.

The amount of subsidies differs in each subject of the Russian Federation, as it is established by local governments. So, in Moscow, for a young family with no children, the norm is set at 42 square meters. meters.

If the spouses have a minor child, then the real estate area is allowed to be 18 square meters. meters for each person.

The subsidy is up to 35% of the cost of the apartment. If you have children, the amount increases by 5% for each child.

What is a social mortgage

Some people find it difficult to buy an apartment or improve their living conditions. The state can help them if they fall into one of the preferential categories. It may undertake to pay part of the interest, pay part of the cost of the apartment, or offer to buy housing from its fund at a reduced price on credit.

Preferential categories that can count on such assistance, as a rule, include those on the waiting list, state employees, low-income citizens, young and large families. Each group has its own conditions, which will also depend on the region and the bank that issued the mortgage.

The most common types of assistance are subsidies for the payment of interest on a loan and compensation for part of the cost of housing. Less common is an offer to buy housing at a reduced price. Such a program, for example, operates in Moscow. According to the capital's Department of Construction and Housing and Public Utilities, the cost of such real estate can be four times lower than the market price.

In total, more than 10 categories of Russians can count on a social mortgage. Let's look at the most popular programs.

Mortgage for young families

For whom: for spouses under 35 years of age

Benefits: subsidy in the amount of 30–35% of the cost of the apartment purchased with a mortgage

The federal program “Affordable Housing for Young Families” is a type of social mortgage. It involves families in which both spouses are under 35 years of age. Single-parent families, where a child is raised by one of the parents no older than 35 years old, can also count on such a mortgage.

The federal program determines the basic conditions, but the final amount of payments depends on regional programs that are tied to the local budget.

The minimum subsidy amount is 30% of the price of an apartment purchased with a mortgage for families without children and 35% for families with children. But regional authorities can increase this figure.

The payment from the state can be used both as a down payment on a loan and to repay the principal debt on an existing mortgage.

The price and area of ​​an apartment that can be purchased under the program for young families will depend on real estate prices in the region and local living space standards. The choice of housing is also influenced by the number of family members and its income.

After submitting an application for a preferential mortgage, the family gets into a special queue, which will allow them to receive money to improve their living conditions quickly.

The queue is formed by local authorities (for example, in Moscow this is the Department of City Property).

If a young family has twins, triplets or more children, or a disabled child, the balance of the loan debt is written off completely. But before that, the spouses must carefully repay the mortgage on time.

Family mortgage

For whom: for families with two or more children

Benefits: state payment of part of the interest on the mortgage loan

In 2018, a federal mortgage program was launched in Russia for families in which a second and/or subsequent child will be born from 2018 to 2022. They will be able to pay a reduced mortgage rate of 6% per annum for three to eight years.

The period of validity of benefits depends on the number of children in the family. If there are two children in a family, you can count on state help for three years, if there are three children - five years, etc.

 After the end of the grace period, the rate will be set at the level of the Bank of Russia key rate in effect on the date of conclusion of the loan agreement, plus 2%.

For example, if a family takes out a loan at a rate of the Central Bank of the Russian Federation of 7.75%, then after a few years, when the preferential conditions cease to apply, their mortgage rate will be equal to 9.75%. Loans taken out before the law was adopted can be refinanced.

The law should help not only families with children, but also the construction industry. The program applies only to apartments in new buildings that were purchased under an equity participation agreement or from a developer under a purchase and sale agreement. For real estate purchased on the secondary market, reduced mortgage rates do not apply.

To take out a family mortgage, you need to have a down payment of at least 20% of the cost of the purchased home. Not all banks participate in the program, but only those approved by the Russian Ministry of Finance.

To take out a family mortgage, you need to select a bank from the list, collect a package of documents (passports, income certificates, marriage and birth certificates of children) and apply for a loan.

Military mortgage

For whom: for military personnel

Benefits: annual payments to a special account and loan repayment by the state

A special program has been developed for the military - the savings-mortgage system (SMS). Every month the state credits a certain amount to the account of a person who has connected to this system. In 2019 it is 23,334 rubles. The amount is the same for all military personnel and is indexed annually.

After three years, the accumulated funds can be used as a down payment on a mortgage, and the state will continue to subsidize payments in the same amount every month. You don’t have to take out a mortgage in three years—you can continue saving money.

The maximum you can receive from the state is 2.4 million rubles (but this amount is also growing).

Not everyone can take advantage of a military mortgage, but only those who are connected with the army “seriously and for a long time,” in total there are 17 categories of such employees. More information about them can be found on the website of the Ministry of Turnover of the Russian Federation.

Funds under the NIS program are allocated by the state until the military reaches the age of 45 years. If a person leaves the army early, the reasons for dismissal are taken into account. It depends on this whether the state will continue to help pay the mortgage or whether the ex-soldier will have to return even the money that has already been spent.

An apartment with a military mortgage can be purchased in any locality, regardless of where the person lives. If a serviceman is ready to repay part of the loan from his own funds, then its size is not limited. A tax deduction will be issued only for that portion of the funds that the person paid out of his own pocket.

Source: http://sarreg.ru/lgotnaia-ipoteka-dlia-jitelei-selskoi-mestnosti-s-1-ianvaria-2020-goda-v-rossii-163770.html

Mortgage for rural residents in 2020 at 1 percent - conditions for obtaining (from 0.1% to 3%), documents, who is eligible?

So far it is known for sure that rural mortgages will be issued by two banks - Sberbank and Rosselkhozbank. But the possibility cannot be ruled out that other creditors will join them.

What is the purpose of the program

The main goal of the program is to maintain the population of rural areas in a ratio of at least 1:4 in relation to urban ones. That is, according to the government’s plan, the share of residents of villages, hamlets, hamlets and villages should be at least 25% of the total population of the country.

In the meantime, this figure is rapidly declining - young people are leaving for the cities. Perhaps more affordable housing could hold it back—or attract urban residents to the village.

In addition, it is planned that such measures will help increase the share of comfortable rural households to at least 50% of the bulk.

Mortgages for residents of rural areas involve issuing loans on preferential terms to everyone who wants to purchase ready-made housing or build a new house in rural areas.

At what exact percentage the loans will be issued, at 0.1%, 1% or 3%, depends on the desire of local authorities to participate in the program. But it is already known that the rate will not have to exceed 3% - the difference with their own mortgage lending programs for banks will be covered by the state.

FIND OUT YOUR MORTGAGE, LOAN OR REFINANCE RATE IN ALL BANKS

Initially, before the program was adopted in its final version, the Ministry of Agriculture proposed issuing mortgages at 1 percent. But in the final version of the resolution, it was decided that the interest rate would be calculated individually for each region. In some places it will be issued at 3%, and in others much less - if the region takes on subsidizing the difference.

Conditions for obtaining a mortgage loan for rural areas

The main and only serious condition is the intended purpose of the loan, which can be spent on the purchase:

• finished housing in rural areas (this can be either a house or an apartment in an apartment building),
• land plot for building a house,
• unfinished house,
• apartments in a house under construction (under an equity participation agreement).

As a down payment, you must make a minimum of 10% of the cost of the purchased property.

Rural mortgages are issued at 1 percent (as well as 2 or 3%) for a maximum of 15 years (although Sberbank is still considering an option with 25 years). According to bank management, this will be quite enough - after all, housing in rural areas is significantly cheaper than in the city.

It will not be possible to subsidize a previously issued loan, even if it was issued for the purchase of housing in rural areas - preferential terms apply only to those mortgage agreements concluded from January 1, 2020.

You can take part in the program only once - those borrowers who want to apply for such a mortgage again will be denied. In addition, even if the purchased house is not pledged to the bank, it is prohibited from selling it for 5 years after purchase.

Who is eligible to receive

What’s good about preferential rural mortgages is that they are available not only to rural residents. These loans are available to anyone who decides to move permanently to rural areas.

Banks do not impose any restrictions on age (with the exception of elderly borrowers who are not issued any loans), marital status, presence of children and their number.

Therefore, anyone can submit a package of documents to a credit institution. But at the same time you need to confirm your solvency. The loan can be secured by the purchased property. An additional guarantor may be required.

True, information has emerged that borrowers will be required to confirm the seriousness and long-term nature of their intentions to live in the countryside.

This will not cause problems for agricultural workers, or, for example, schools and kindergartens, clubs and shops that operate in a settlement eligible for the program.

Alternatively, they may require a registration stamp in rural areas - but so far these requirements have not been finalized.

Requirements for the borrower

Since the program itself does not provide for any restrictions regarding the age and social status of potential borrowers, the program is suitable for both a young family and for teachers or other rural workers. The main thing is to fit the parameters of the borrowers of a particular bank, that is, to have:

• citizenship of the Russian Federation,
• registration in the region where the bank branch to which the client applies for a mortgage is located,
• official income in an amount that would allow you to pay off the loan,
• good credit history.

These requirements are standard for any loan.

Requirements for residential premises

Mortgages in rural areas should by default be less demanding for the purchased residential premises.

However, the bank needs to know how much the property is really worth, so it will definitely request a fresh report on the market value of the property.

If it is a completely illiquid property, then it will not be possible to register it as collateral - and then you will have to use for this purpose other real estate registered in the name of the borrower.

Standard requirements for private houses when issuing a mortgage:

• capital building with foundation and roof,
• communications carried out,
• sufficient living space (corresponding to SNiPs and the number of family members of the borrower),
• the condition of the housing is not dilapidated or in disrepair,
• You can live in the housing all year round.

In which regions will it be issued?

The program, which will officially launch on January 1, 2020, applies to all regions of the country, with the exception of Moscow and St. Petersburg, as well as the borders of the municipality of the Moscow region.

Although the government decree on the development of rural areas names only certain territories as priorities (the republics of the North Caucasus, the Arctic zone, the Kaliningrad region, the Republic of Crimea and Sevastopol), a budget of 2.3 trillion rubles is allocated to support rural areas throughout the country.

At the same time, individual regions can further reduce the rate by subsidizing the difference from their budget. Some regions, including Mordovia and the Krasnoyarsk Territory, have already announced their intention to provide even more favorable conditions to rural residents. And in the Nenets Autonomous Okrug, mortgages are already issued at 1%.

What applies to rural areas

Rural areas include not only the villages themselves, but also other populated areas with a small number of residents and registered farmsteads:

• villages
• farms,
• villages,
• villages,
• auls,
• settlements, including urban ones.

Often the difference lies only in the name, which was fixed historically (for example, predominantly Cossacks lived in the villages).

This will also include inter-settlement territories that do not have additional status. In addition, at the discretion of local authorities, small towns with a population of less than 30,000 people that have close ties with neighboring rural communities (shared infrastructure, jobs, etc.) may be allowed to participate in the program.

When will rural mortgages start operating from 0.1% to 3%

The government decree on the development of rural areas has already been agreed upon and entered into force. Its validity period is from 2020 to 2025.

Therefore, the start of issuing loans at a preferential interest rate should be expected from January 1, 2020.

But Sberbank and Rosselkhozbank are not yet in a hurry to announce their programs, restructured to meet state requirements, so in practice, the issuance of rural mortgages may take until the first spring months of 2020.

But this does not prevent you from applying for participation in the program as early as January 1.

How to get a mortgage in rural areas

For a preferential loan for the purchase or construction of rural housing, you must contact either directly the bank that participates in the program (the exact list is now being prepared by the Ministry of Agriculture), or the organization DOM.rf (formerly called AHML). This is a state institution whose main task is the development of the housing sector of the Russian Federation, including through the issuance of subsidies and preferential loans.

Which banks are participating?

Currently, Sberbank and Rosselkhozbank have announced their participation.

Sberbank has not yet prepared a project; it is expected that it will be announced in the last days of 2019.

And the mortgage at Rosselkhozbank is already more specific:

• issued for a maximum of 15 years,
• 10% down payment,
• rate 3%,
• amount up to 3 million rubles (in the Far East and Leningrad region the maximum is higher - 5 million rubles).

Mortgage lending with state support through DOM.rf will have similar criteria.

Required documents

The package of documents is determined by the internal policy of the bank. Today it is approximately the following:

• passport of a citizen of the Russian Federation,
• income certificate,
• a copy of the work book with the stamp and signature of the employer,
• military ID with a mark on completion of military service,
• certificate of registration as an individual entrepreneur or self-employed (if any),
• income statement (for the above category),
• Pensioners under the age of 65 provide a certificate of pension amount and a pension certificate.

The following documents must be attached to the package of documents:

• report on market value (must be recent - no more than 1-3 months, different banks have different results),
• technical and cadastral passport,
• current owner's passport,
• document confirming ownership.

You may also need confirmation that the borrower has actually already connected or intends to connect his life with the rural area: a certificate of employment in a local organization, a registration stamp, etc.

Receipt procedure

Since we are talking about a loan using government funds, the procedure for issuing it will be slightly different.

1. Submitting an application and necessary documents to the bank.

2. If the application is pre-approved, the potential borrower receives a list of additional documents.

3. A loan agreement is signed.

4. The purchase and sale agreement is registered in Rosreestr.

5. The money is transferred to the account of the seller of the property, and the buyer begins to make payments according to the schedule.

6. The bank turns to the state to subsidize part of the interest rate (for example, it issued a mortgage at 9%, and the government promised 3%. The bank will receive the difference of 6% from the state budget).

The procedure lasts on average several months.

Calculator

To calculate the real benefit, you can use a special calculator. Fill out all the fields provided and get a forecast regarding the size of the monthly payment and the final overpayment.

Legislation

The preferential program designed to revive life in rural areas was not adopted by any individual bank. This is a state program whose goal is to attract new residents to the village and retain the citizens already living there.

The law on mortgages at 3% has already been adopted - more precisely, Resolution No. 696 of May 30, 2019, developed by the Ministry of Agriculture on behalf of the President of the Russian Federation, has been adopted.

This resolution approves the state program for the development of rural areas and includes various measures aimed at improving life in villages and attracting the population to them. The program will be implemented for 5 years, starting in 2020.

The already known amount allocated for its implementation is 2.3 trillion rubles, more than half of which will have to be contributed by regional authorities, and only 1 trillion will come from the federal budget.

Within the framework of this resolution, the construction of residential buildings in rural areas will be developed - both by residents and developers. Starting from 2020, banks will begin issuing loans at 3% for the purchase of apartments, houses and plots for building a house in rural areas. At the same time, the banks themselves will not lose anything - the lost income will be compensated from government funds.

You can also leave your feedback in the comments below or ask a question.

Source: https://refinansirovanie.org/ipoteka/253-ipoteka-dlya-selskoy-mestnosti-i-zhiteley-v-2020-godu.html