450 thousand to pay off mortgages for large families

17:50 September 16, 2019

On July 3, 2019, V. Putin signed Law No. 157-FZ, which lists the main conditions for receiving 450 thousand rubles to pay off mortgages for large families. The law came into force from the moment it was signed and published (that is, immediately from 07/03/2019), but in fact, you can apply for payment only after September 25, 2019.

• Families in which a third or subsequent child was born between January 1, 2019 and December 31, 2022 (but subject to a number of nuances) can take advantage of state support for a mortgage loan.
• You need to apply for repayment of 450 thousand of the debt amount to the bank that issued the mortgage loan. In addition, the option is being discussed that such support could be obtained through the MFC or State Services (but such a procedure has not yet been approved by law).

Law on the payment of 450 thousand rubles on mortgages to large families in the Russian Federation

The law on the repayment of 450 thousand rubles of a mortgage loan to families with three or more children came into force on the date of its signing and publication - July 3, 2019. The text of Law No. 157-FZ dated July 3, 2019 is presented below:

Let us note that, according to the Presidential Order, a bill establishing the conditions and procedure for providing payments in the amount of 450 thousand rubles. families with three or more children should have been prepared by March 25, 2019. However, the preparation of documents was greatly delayed.

• The draft law was submitted to the State Duma only on May 7, 2019; in the final third, the State Duma adopted it on June 19. Already on July 3, 2019, the law was signed by President V. Putin, but this did not mean that the program was starting to take effect.
• The law stated that the procedure for providing state support is determined by the Government. In essence, the law came into force, but it was impossible to use it, since the Government had not yet approved the procedure for applying for payment. And families, in turn, continued to pay the mortgage and the interest accrued on it, although they could have benefited from state support long ago.
• Government Decree No. 1170 was signed on September 7, 2019, and officially published on September 17. The document comes into force on September 25 - it is from this day that you can apply for payment.

Conditions for receiving 450 thousand to pay off the mortgage

From the conditions provided for in the law for obtaining state support for large families can be identified as follows:

1. Families in which a third or subsequent child was born between January 1, 2019 and December 31, 2022 (including adopted children) can participate in the program.
2. Parents and children must be citizens of the Russian Federation .
3. You can receive a payment even if the eldest child is already 18 years old - this does not affect participation in the program in any way. There is no obligatory condition that a family must be recognized as having many children - only the condition specified in paragraph 1 is important.
4. The right to participate in government program is available to the mother or father of a third or subsequent child. The mother or father must be a borrower or a joint borrower (co-borrower).
5. The mortgage loan must be issued by a Russian bank or JSC DOM.RF. The purpose of the loan should be the acquisition of residential premises (including a land plot) from an individual or legal entity under a purchase and sale agreement or an agreement for participation in shared construction. That is, you can buy:
   • apartment in a new building;
   • apartment on the secondary market;
   • individual housing construction object;
   • land plot for individual housing construction.

   The law contains only one restriction on the date of receipt of a mortgage loan - it must be issued no later than July 1, 2023 . That is, these can also be mortgages issued before this law came into force (before January 1, 2019).

6. The payment amount is 450,000 rubles, but not more than the balance of the credit debt and the amount of accrued interest.

It will be possible to jointly use funds from maternity capital (which in 2019 is 453,026 rubles) and 450 thousand, which will be allocated to pay off the mortgage.

How to get 450 thousand, where to apply and what documents are needed

To participate in the government support program, you must contact the bank that issued the mortgage loan. You must provide the following set of documents:

• application (download form);
• documents proving the identity and citizenship of the applicant and children, and birth certificates and passports of children over 14 years of age must be notarized;
• insurance certificate (SNILS) of the applicant and children;
• a single housing document or other document confirming the presence/absence of registered persons in the residential premises (extract from the home book);
• certificate of registration or divorce;
• credit agreement (loan agreement), including subsequent agreements in case of refinancing;
• mortgage;
• agreement for the purchase and sale of residential premises or land, an agreement for participation in shared construction (if the object has already been transferred to a participant in shared construction, then also an acceptance certificate), an agreement on the assignment of rights under an agreement for participation in shared construction;
• mortgage agreement (mortgage of real estate or right of claim under an agreement for participation in shared construction).
• consent of the applicant and children over 14 years of age to process personal data (download form).

The bank will forward the received documents to JSC DOM.RF, where a decision will be made to provide state support to a large family. Next JSC “DOM.

RF" will transfer 450 thousand rubles to the bank account of the credit institution, which will be used for partial or full repayment of the loan.

If the decision is positive, the money will be transferred within a maximum of 19 working days : according to the rules, up to 7 working days are given. days for processing by the bank, 7 days for Dom.RF, 5 days for the actual transfer of funds.

It is important to note that the scheme for receiving a payment of 450 thousand to repay a mortgage involves only non-cash payment - a transfer from the DOM.RF account to the account of the bank that issued the mortgage loan. That is, it is impossible to somehow cash out and use this money for other purposes (“bypassing the law”).

Is it possible to get 450 thousand through State Services or MFC?

The Government Decree defining the procedure for obtaining mortgage compensation has already been signed. But they can still make changes to it and adjust the procedure for providing state support so that it is as convenient as possible for families.

One of these proposals to adjust the conditions was voiced on August 29 by the first deputy chairman of the State Duma Committee on Family, Women and Children, Olga Okuneva.

She suggested making payments to large families to pay off mortgages through the State Services website or MFC . Okuneva has already approached Deputy Prime Minister Anton Siluanov and the House with this proposal.

Russian Federation (operator under the program for providing state support to families).

Such adjustments are quite possible, since the procedure for obtaining state support through the MFC or State Services is already familiar to citizens.

What to pay attention to: nuances of the state program

Here we list certain points regarding participation in the program to repay a 450 thousand mortgage loan at the expense of the state:

1. The amount of compensation is determined as 450 thousand, but not more than the balance of the loan amount and accrued interest. If the loan balance is less than 450 thousand, then the loan will be repaid in full. In this case, the balance is up to 450,000 rubles. is not compensated in any way (that is, there is no way to take them back).
2. You can use this support measure only once (for one mortgage loan). You cannot participate in the program again, even if:
   • took out a second mortgage;
   • another child was born;
   • for the first time state support was not provided in full (less than 450 thousand rubles) due to the fact that the balance of the credit debt was less than this amount, and so on.
3. The loan agreement must be concluded before July 1, 2023. Under mortgage agreements executed before the start of the program (that is, before the end of 2018), you can also repay 450 thousand rubles. The fact that the mortgage is being refinanced doesn’t matter either—you can participate.
4. Under the program, there is no condition for allocating shares to children, as is provided for maternity capital.
5. A father or mother of three or more children who is a borrower or co-borrower (since by law he also has a joint and several right to the loan) can apply for repayment of 450 thousand
6. Under the terms of the state program, there are no restrictions on the age of borrowers, their status or income. This can be either a low-income or a wealthy family, both young and older parents.
7. The third or subsequent child must be born in 2019, 2020, 2021 or 2022. The same rule applies to adopted children. It does not matter whether a mortgage loan was issued at that time - it can be concluded until July 1, 2023.
8. At the same time, you can use other support measures: a family mortgage at 6% and maternal capital.
9. 450 thousand rubles cannot be used as a down payment when applying for a mortgage loan. They can only repay an already issued loan.
10. There is no need to pay tax (personal income tax) on 450,000 rubles.
11. When using such a support measure, the amount of tax deduction when purchasing real estate will be reduced (exactly the same as with maternal capital).

    For example, if the cost of an apartment is 2 million rubles, you can receive a personal income tax deduction in the amount of 260 thousand rubles. If the state repaid 450 thousand, then the deduction amount will decrease by 58,500 rubles. , and the family will return only: (2,000,000 - 450,000) × 13% = 201,500 rubles.

Many of the questions that arise have already been answered in the x below the article (scroll through the comments feed, most likely your question has also already been answered).

Source: http://detskie-posobiya.molodaja-semja.ru/news/450-tysjach-na-pogashenie-ipoteki-v-2019-godu/

How will it work and what's the catch?

This law has excellent conditions. Such that it is even difficult to believe in them. Other state support programs had more restrictions and requirements, but here it’s just a gift for families with many children. But not for everyone. That's how it's designed in theory.

The essence of the law is that the state will pay for a large family up to 450,000 RUR towards its mortgage debt. This money will be transferred to the bank from the budget. There is no need to return them. In fact, the amount of savings will be even greater: when you pay off the debt, the amount of overpayment on the loan will decrease.

This is a new type of state support for families with children. It does not replace or cancel other ways to get money from the budget.

Here are the basic requirements:

1. A mother or father who gave birth to a third or subsequent child from 2019 to 2022 inclusive has the right to state support.
2. The mother or father is the borrower on the mortgage loan.
3. The parent who receives state support has Russian citizenship.
4. At least three children in the family are citizens of the Russian Federation. All these children have parental rights.

There are no income, age or status requirements. If at least a third child is born in a family of Russian citizens in 2019, 2020, 2021 or 2022, this family will be entitled to RUB 450,000 to repay the mortgage.

The state is ready to repay the mortgage taken out for the following purposes:

1. Purchasing housing under a sales contract from an individual or company. This could be an apartment or a house. And even secondary housing. For families with many children, there is no such requirement as under the preferential mortgage program: there the percentage will be reduced only for new buildings. And here they will pay off the debt even for the secondary housing.
2. Purchase of land for individual housing construction.
3. Purchasing an apartment in a building under construction according to the DDU.

The law does not require that this housing be the only one. The main thing is to confirm the very fact of a mortgage and having many children. In fact, a large family can specifically take out a mortgage for the sake of state support, even if it already has an apartment.

The debt will be repaid only on one mortgage: this state support is given only once. If a family receives 450,000 RUR for a third child in 2019, and a fourth child is born in 2022, no more money will be given.

There is not a word in the law about children's shares in a mortgaged apartment. If the housing belongs to the parents and maternity capital was not spent on its purchase, it is not necessary to allocate shares to the children. The family simply reduces the loan debt and does not have to do anything else. This law does not impose any additional obligations, either immediately after repayment or six months later.

This means that the apartment can be sold without any problems. And if shares have already been allocated to children, they will not have to be increased. Perhaps legislators assumed that upon the birth of a third child, the family would have the right to maternity capital and the children would still become owners of the apartment. This condition has not been canceled.

But there may be additional requirements - then we’ll tell you.

Under this program, the mortgage is paid off in whole or in part. This means that the family does not receive 450,000 RUR for any debt: the state only pays off the balance of the debt, but not more than the limit.

If the mortgage debt is RUB 300,000, only this debt will be repaid. The unused balance of state support cannot be transferred to another loan or used in any other way. It will be considered that the family has received its due under this program; they will not be given anything else. The remaining amount will not be paid in cash. If there is interest remaining when repaying the debt, the remainder can be used for these purposes.

If the mortgage debt is RUB 450,000, it will be repaid in full.

If the debt is greater than the limit, the state will cover 450,000 RUR, and the family will pay the remaining amount with its own money.

Source: https://journal.tinkoff.ru/news/450000-na-ipoteku/

The reason why they most often refuse to pay 450 thousand for a mortgage to large families

On September 25, 2019, Dom.RF began accepting and processing applications from families to repay part of a mortgage loan in the amount of 450 thousand rubles . This program works for Russian families in which a third or subsequent child was born since January 1, 2019.

The law was developed, discussed, and adopted for quite a long time. And finally, those with many children waited, took the required set of documents to the banks and began to wait for the mortgage to be repaid. It is worth noting that in most cases the processing time was delayed, so the wait was tense; many had to constantly call the bank and Dom.RF and rush them.

Read also: Is it possible to discharge a child from an apartment: without the consent of the mother, to nowhere, if he is not the owner

Weeks and even months of waiting, and here is the answer - REFUSAL! How is that possible?? What's the matter??

Analyzing messages on websites, blogs, social networks and groups, we can conclude that most often the same reason for refusal . More about her...

Picture from pixabay.com

The most common reason for refusal to pay 450 thousand rubles for a mortgage

Families who have already received answers to their application most often write that the refusal occurred due to a discrepancy between the purpose of the loan specified in the loan agreement.

Russian Government Decree No. 1170 states that you can receive a subsidy if the loan is issued for the following purposes:

• the acquisition under a purchase and sale agreement on the territory of the Russian Federation from a legal or natural person of residential premises, including an individual housing construction project, or a land plot provided for individual housing construction, or the acquisition of residential premises under an agreement for participation in shared construction or an agreement (agreement ) on the assignment of rights of claim under the specified agreement;
• full repayment of the credits (loans) indicated above;
• full repayment of credits (loans) previously issued for the purposes specified above.

But quite often banks write the following goals in contracts ( they refuse them! ):

1. Acquisition of a share of residential premises;
2. For the purchase of housing and integral improvements to housing (denied due to the second part);
3. Purchase of land;
4. Acquisition/construction of real estate object(s) and its (their) major repairs/payment for other inseparable improvements;
5. Investing in the construction of real estate;
6. For building a house and the like.

There are many other reasons for refusal to pay, but failure to meet the purpose of the loan is one of the most common .

If you have already encountered a refusal to pay 450 thousand rubles, write in x , for what reason. This way you will share your experience with those who are still waiting for an answer from Dom.rf or are just planning to apply for the state. support.

Source: https://zen.yandex.ru/media/id/5dc1b41823bf4800aee83782/5dcdbf0a469b8d2c58ff3ff3

Give birth and pay off: how to get 450 thousand rubles from the state for a mortgage in Rostov

The country will have to pay mortgage payments for families with many children for another two years, so if you haven’t given birth, hurry up

Oleg Kargapolov / 74.RU

A law began to work in the country, which the president spoke about at the beginning of the year, and then for several months all large families were heatedly discussing - from now on and for the next two years you can ask the state for 450 thousand rubles to pay for the mortgage. Compensation is due once and not to everyone, but only to those who have had their third or subsequent children since January 1 of this year.  

How and for how long can a payment be processed, and how many Russian families will have time to receive it? We have studied the law itself and explanatory documents and are explaining it to you.

What kind of law is this?

The president asked for mortgage compensation at the beginning of the year in his message to the Federal Assembly. Each family with three or more children and housing on credit can receive 450 thousand rubles to repay the mortgage - both the principal debt and interest on it. On July 3, the law was signed, and on September 25, banks received the first tranches from the state treasury.

The program budget is 5 billion rubles, but this is only until the end of 2019. Next year, with the new budget, there will be new amounts for compensation - so you don’t have to worry, there will be enough money for everyone. In general, according to government estimates, up to 30 thousand Russian families will receive assistance.

Who will get the money for the mortgage?

Spouses (or single parents) who have had their third or subsequent children since January 1, 2019. Children in respect of whom the borrower is deprived of parental rights or the right to adoption are not taken into account. Children without Russian citizenship also do not count.

As for the mortgage, its form (house, apartment, land for construction or participation in equity) does not matter. The main thing is that your property is located in Russia. The program will end on December 31, 2022; you can apply for compensation now or when your third child is born.

Where to go for money?

First, go to the bank where you took out the loan and write an application. Be sure to take with you:

• passport (if you don’t have one, a military ID, foreign passport or temporary ID); 

• copies of children’s birth certificates (they need to be certified by a notary), if there are children over 14 years old - their passports;

• real estate registration documents.

The first swallows received compensation within two weeks. In total, they assure you at DOM.RF, you will have to wait no more than a month for money

Oleg Kargapolov / 74.RU

First, the documents will be checked by the bank, then they, along with the application for compensation, will be sent to the operator who will pay off your mortgage with government money - this is DOM.RF. Agency employees must check you through the registry office and the Unified State Register of Real Estate, if there are no problems, approve the application and transfer money for the loan.

Everything will take no more than 30 days.

How much will they pay?

450 thousand rubles. The amount will be used to repay the principal debt, and if it is less, the balance will be written off as interest on the loan. You will not see this money - “DOM” will immediately transfer it to the bank account. In this case, compensation is exempt from taxes.

What if I have a mortgage in dollars?

This will also work, the compensation will be converted into foreign currency at the exchange rate on the day of settlement.

What if my bank does not participate in government programs?

This is not required: the law does not stipulate participation parameters for banks, so any credit organizations fall under the program. If the bank refuses you, ask for a written refusal and take it to the regulatory authorities.

• Will my mortgage be recalculated later?
• Yes, the balance will be recalculated as stated in the terms of the agreement: either they will reduce the amount of the monthly payment or the loan term.
• What else do I need to know about mortgages?

For example, that you may not pay your mortgage at all. But to do this, you need to find yourself in a difficult life situation: lose your job or become disabled.

The mortgage holiday will last for six months, during which time you can choose not to pay or pay as much as you can. After the holidays you will have to pay according to the original terms of the contract.

And when you pay everything off, please make the payments that you missed (or missed) during the holidays. We talked more about mortgage holidays here.

Source: https://161.ru/text/realty/66270097/

450,000 to pay off mortgages for large families

Supporting large families is one of the priority responsibilities of the state. In 2019, a state program was created under which families with three or more children, one of whom was born no earlier than January 1, 2019, are provided with a subsidy in the amount of 450,000 rubles, which can be used to reimburse the existing mortgage.

Legal regulation

Federal Law No. 157-FZ was signed by the President of the Russian Federation V.V. Putin July 3, 2019 - it lists all the requirements that must be met to receive a subsidy. The document entered into legal force immediately after signing, but in fact, citizens were able to apply for a one-time payment only after September 25, 2019 .

It should be noted that news about the bill appeared at the beginning of the year; it should have been fully prepared by the State Duma before March 25, however, the preparatory process was significantly delayed, and the documents were transferred only on May 7, 2019.

The approval of the deputies was received on June 19, and on July 3 the normative act was submitted to the president for signature.

The procedure for applying for compensation was approved a little later - on September 25, it was from that moment that government agencies began accepting applications from the population for payment (based on Decree of the Government of the Russian Federation No. 1170).

Which families are eligible for 450,000 to pay off their mortgage?

The right to receive state support in repaying a mortgage loan is granted to families in which a third or subsequent child was born between January 1, 2019 and December 31, 2022. Low-income family status is not required.

The mandatory conditions for receiving a subsidy are:

• compliance with the deadlines specified in the law;
• presence of citizenship of the Russian Federation (parents and children);
• the age of the children does not matter, the only important thing is compliance with the condition that the child is born within the period specified in the regulatory act;
• Fathers and mothers of three or more children are entitled to participate in the state program. At the same time, they must be joint borrowers in a mortgage loan, for the repayment of which a subsidy will be issued.

What kind of loan can be repaid with government support?

The loan, for the repayment of which 450 thousand rubles allocated by the state can be used, must meet the following conditions.

• The mortgage agreement must be signed before July 1, 2023. You can also repay those loans that were issued before the start of the program, that is, until the end of 2018.
• You can repay a mortgage loan where the child’s mother or father is a co-borrower.
• The age and financial situation of citizens does not matter.
• The program does not provide for requirements for allocating shares to children.
• The write-off amount is 450 thousand , however, cannot exceed the amount of the principal debt on the mortgage loan and the amount of accrued interest. Thus, if the total amount of debt does not exceed 450,000, the loan will be closed in full, and the balance (up to the maximum possible subsidy amount) will not be compensated in any way.
• The right to use the subsidy is granted to recipients once and only in relation to one mortgage loan . The mortgage is not repaid even if the family takes out a second mortgage, another child appears, or if the payment was not used in full during the initial application, because the amount of debt turned out to be less.
• The loan must be issued at a banking institution registered in the Russian Federation.
• The loan must be targeted, issued for the purchase of an apartment in a new building; apartments on the secondary market; objects of individual housing construction or land plots for individual housing construction.

Read also: How to order a certificate of maternity capital balance

What documents need to be collected

To apply for assistance from the state in repaying a mortgage, you must contact the bank that issued the loan and fill out the appropriate application. To do this , you will need to collect the following list of documents:

• Application of the established form (provided by bank employees).
• Parents' passports.
• Birth certificates of children.
• Documents confirming the citizenship of parents and children.
• SNILS of father, mother and all children.
• Certificate of state registration of marriage/divorce.
• Mortgage agreement (original and copy).
• Mortgage.
• Original purchase and sale agreement for real estate purchased with borrowed funds. In the event that the apartment was purchased from the developer - an equity participation agreement.
• Consent of parents and children over 14 years of age to the processing of personal data.

When all documents are provided, the bank will send them to JSC DOM.RF for verification and decision-making. After receiving approval, it is DOM.RF that will make the transfer to the lender, that is, the funds will be used to partially or fully repay the loan.

The procedure for obtaining 450 thousand for a mortgage for large families involves only a non-cash transfer from the current account of the company JSC DOM. RF to the account of the credit institution that issued the loan. It is not possible to cash out money legally .

Terms of consideration and transfer of funds

The process of transferring government money to repay a mortgage loan takes on average 3-4 weeks .

The stage of consideration of the application by the direct creditor is allocated from 1 to 3 days ; transfer of the required set of documents to JSC DOM.

Russian Federation – up to 35 days ; actual transfer of funds and drawing up a new loan agreement - up to 7 days ; 2 to 7 days for the mortgage to be repaid at the registration authority (Rosreestr) .

Reasons for refusing a subsidy

“Presidential” assistance is denied in the following cases:

• If the third or subsequent child was adopted, and the relevant documents were completed with errors. In accordance with the requirements specified in the law, the program requires documentary evidence of Russian citizenship and family ties between applicants.
• The loan issued is not intended, or the purpose does not comply with the terms of the program. The loan agreement must clearly indicate the purpose of receiving funds - the acquisition of finished or under construction housing, land for individual housing construction, etc. If repairs, construction or other options are indicated as the purpose, the issuance of funds will be refused.
• The documents that serve as the basis for the transfer of ownership of the property do not comply with the requirements of the law.
• Housing purchased from a developer under an equity participation agreement is not registered in accordance with the legislation of the Russian Federation.

Read also: Maternity capital for the first child

Other issues of the state program

Today, an application to receive 450,000 rubles from the state to repay an existing mortgage loan can only be submitted through the credit institution that directly issued the loan.

However, the latest news says that a proposal to issue appropriate powers to MFC specialists and add the required option to the State Services portal has already been submitted to the State Duma for consideration.

Adjustments to the system are quite possible in the future, since interaction with government agencies through the offices of the MFC or State Services is already quite familiar to residents of the Russian Federation.

This type of social support can be used in conjunction with the funds of the certificate (maternity capital), which in 2020 amounts to 466,617 rubles, as well as the family mortgage program issued at 6% per annum.

Another nuance of using these funds is the impossibility of using them to cover the amount of the down payment when applying for a mortgage. The subsidy helps close an existing loan.

Read also: Leave for pregnant women before maternity leave: how many days are required?

From the 450,000 rubles received, citizens are not required , according to the legislation of the Russian Federation, to pay personal income tax , however, the amount of the tax deduction will be reduced - the deduction can be provided to a citizen only from those funds that he personally contributed to repay the mortgage loan. Subsidies, as well as maternity capital funds, are not taken into account here.

This government program, which allows large families to save huge amounts annually, also has some disadvantages.

• Previously paid mortgage loans and funds that citizens have already transferred to pay for an active mortgage are not compensated.
• The benefit is not paid automatically, but upon request from one of the family members.
• If one of the parents is deprived of rights in relation to children, the subsidy may be refused.
• When the loan is equal to or exceeds the specified amount, only the principal amount is paid - the citizen will have to pay off the interest on his own.

Otherwise, this payment is an excellent opportunity for large families to purchase their own housing or improve existing living conditions.

Source: https://gosuslugi365.ru/materinskij-kapital/450-000-na-pogashenie-ipoteki-mnogodetnym-semyam.html

Not all families with many children are entitled to 450 thousand rubles to pay off their mortgage

Moscow, January 15, 2020, 21:11 — REGNUM Since September 25, 2019, banks have been accepting applications from existing mortgage borrowers to receive payments to large families to repay mortgages under the state program to support families with children.

It applies to mortgage borrowers who had a third child or subsequent children between January 1, 2019 and December 31, 2022. Such clients are entitled to receive support up to 450 thousand.

rubles to pay off your existing mortgage.

As VTB press service REGNUM “If the applications met all the requirements and conditions established by the Regulations on the implementation of state support measures, a positive conclusion was made on them.

As a socially oriented bank, we consider this program significant and will support it, like all government programs in the field of subsidizing housing loans.

Such initiatives increase the popularity of mortgages and make them more accessible to Russian citizens,” the bank commented REGNUM news agency on the president’s message, which, among other things, talked about supporting large families through state mortgage programs.

Please note that in order to receive a payment, the client must contact the office that issues mortgage loans and provide documents confirming compliance with the terms of the program. The bank checks the documents and sends them to the program operator - JSC DOM.RF. If the data presented is correct, then “HOUSE.

RF" will transfer the payment to the bank, and it will be credited to the client to repay the principal debt on the mortgage, and if the debt is less than 450 thousand rubles, the remaining funds will be used to pay off interest. The payment reduces the amount of principal owed on the customer's mortgage.

This means that along with the principal debt, the amount of interest for using the loan also decreases. Thus, the savings for the client are even more than 450 thousand rubles.

Let us add that many families with many children consider it necessary to revise the conditions for providing this benefit and extend it to all families with three or more children, regardless of the date of birth of the third child.

Background

On January 15, 2020, Russian President Vladimir Putin will address the Federal Assembly with his annual message, a tradition that dates back to 1994. The first such message was announced on February 24, 1994, but the annual tradition appeared later.

Source: https://regnum.ru/news/2830411.html

How to get 450,000 ₽ from the state to pay off a mortgage

In June 2019, a law was passed on repaying part of the mortgage debt for large families. The state will pay part of the mortgage debt - up to 450,000 rubles - to those families in which a third or subsequent child was born between January 1, 2019 and December 31, 2022. In the fall, banks began accepting documents for applying for benefits.

Money is not issued in person; it cannot be used to cover another loan. If the mortgage debt was less than RUB 450,000, the difference will be used to pay off interest. If the debt is larger, then the balance will need to be paid to the borrower.

The mortgage agreement must be concluded before July 1, 2023 - this means that all loan agreements before this date are included in the program. For example, you took out a mortgage in 2012, your third child was born in April 2019 - you are entitled to a subsidy. If the mortgage is issued in foreign currency, it’s okay; the bank will recalculate the amount at the exchange rate on the date of early repayment of the loan.

The subsidy can be used once and only under one loan agreement. Children who participated in applying for benefits are not taken into account when applying for subsidies under another mortgage agreement. For example, mom and dad are divorced and have two children together.

Each of the parents started a family again, took out a mortgage, and each of them had a third child. Both mother and father have the right to a subsidy - each has three children.

If mom is the first to apply for repayment of the mortgage debt and indicates her children in common with her ex-husband, then dad will no longer be able to do this. Whoever is first will receive the subsidy.

There is no need to pay income tax on the subsidy, but if the family used a tax deduction when buying an apartment, then the state will have to return 58,500 rubles (13% from 450,000 rubles).

The subsidy can be used together with maternity capital, then the total amount of the benefit can be more than 900,000 rubles. If you have already used maternity capital, you are still entitled to a subsidy - these are different benefits.

Who can receive a subsidy

The subsidy can be received by the parent who has a mortgage and who had a third or subsequent child between January 1, 2019 and December 31, 2022. Only natural and adopted children are taken into account - guardianship is not included in the program.  

The parent who receives the subsidy and his children must be citizens of the Russian Federation. Children in respect of whom a parent has been deprived of parental rights or whose adoption has been canceled are not included in the program. A child is considered dead - the parent must provide a certificate of birth and death.

The age of the remaining children does not matter - the main thing is that the third (fourth, fifth) child was born or adopted from 2019 to 2022. The status of a large family is not required, and there is no requirement to be married either - both a single mother and a divorced father are entitled to benefits.

What properties are included in the program?

The state will pay part of the debt for the mortgage of any residential property or building site. It could be:

• house;
• living space;
• land plot for individual construction;
• apartment in a new building;
• apartment on the secondary market.

The subsidy will not be issued if the mortgage is for the construction of real estate and not for the purchase. Even if all other conditions are met.  

The refinancing agreement is included in the program. If you refinanced your mortgage, you still have the right to a subsidy.

State subsidies are a good help for large families. However, it should be remembered that indexation of this subsidy is not provided, so if circumstances arise in the family in which it is possible to receive support, then they should be taken advantage of.

In combination with other state support programs, this subsidy allows you to purchase a property for a minimum amount, which means that many families have more chances to acquire the coveted square meters. 

What documents are needed to apply for a subsidy?

An application for a subsidy and a package of documents must be submitted to the credit institution that issued the mortgage agreement. 

What is included in the package of documents:

Contracts . The borrower must have originals of agreements - a loan agreement for obtaining a mortgage, the purchase and sale of real estate or an Agreement for participation in shared construction. If the originals are lost, duplicates can be requested again from the bank that issued the mortgage and from Rosreestr. This service is paid, for information from the Unified State Register you will have to pay 300 ₽. The statement will be sent within 3 days.

If there was a refinancing, then in addition to the Refinancing Agreement, an agreement on the original mortgage loan must be attached.

Birth certificate. The child's birth certificate must have a citizenship stamp - it will be placed at the passport office at the place of residence.

A stamp is not needed if the citizenship of the mother and father is included in the child’s birth certificate, and the children are noted in the parent’s passport, but the bank may refuse registration if it is not there.

Therefore, it is better to play it safe and make a note in advance. The birth certificates of all children must be notarized.

If children have a passport, then additionally you need to make a photocopy of all its pages.

Documents confirming maternity or paternity for adopted children - an adoption certificate or a court decision on adoption. The bank may require a notarized copy of these documents.

Passport or identity document. A photocopy of all pages of the passport, including blank pages, will be required. There is no need to notarize your passport.

Insurance certificates. We need originals and copies of SNILS of all participants - the applicant, co-borrower and children.

Consent to the processing of personal data. This statement will be given to you by the bank. Consent will be required from the borrower, co-borrower and children over 14 years old.

Loan repayment application. The application is written in any form. You can write it at a bank branch - an employee will help you compile it.

Application for a subsidy in any form

The application is written by the person who is the parent of three or more children. If the mortgage agreement is not concluded for him, then he must be indicated as a co-borrower.

Some banks do not have the concept of “co-borrower” - the loan agreement says “guarantor”. This is not the same thing, the guarantor cannot qualify for a subsidy, and the number of his children is not taken into account.  

If you are acting as a guarantor, then in order to receive the benefit, you must first refinance the mortgage with another bank and indicate yourself as a co-borrower.

The bank may request additional documents if the information in the main documents is insufficient. This could be a foreign passport, a military ID, a document that shows how many people are registered in the residential premises, the birth certificate of the applicant himself, etc.

Who is responsible for paying subsidies?

Subsidies are distributed by the program operator - Dom.rf. He checks the documents' compliance with the Rules and transfers money to repay the mortgage to the credit institution.  

Subsidy payment scheme:

You submit the documents to the bank → the bank checks them and sends them to Dom.RF → Dom.RF also checks them and → transfers the subsidy to the bank → the bank pays off part of the mortgage.

There is no need to pay anything to apply for the benefit - the procedure is free. If the bank does not accept documents, delays registration, demands to pay a commission, or something else happens, then complain to Dom.rf - he will sort it out.

Hotline number - 8-800-775-11-22. Within Russia the call is free.

How long does it take to process an application?

The credit institution that issued the mortgage must check and send the documents to Dom.rf within 7 working days.

Dom.rf must also review the documents within 7 working days and, if everything is in order, transfer the money within 5 working days. That is, from the moment of submitting the application to receiving the subsidy, no more than 19 working days should pass.

This is by law. In fact, the deadlines can (and will) be extended due to the large number of incoming documents.

So, let's summarize.

To receive a RUB 450,000 subsidy to pay off your mortgage:

• You and your children must be citizens of the Russian Federation.
• The third or subsequent child must be born between January 1, 2019 and December 31, 2022.
• The mortgage agreement must be concluded before July 1, 2023.
• The subsidy can be used simultaneously with maternity capital.
• The package of documents includes originals of mortgage, sale and purchase or refinancing agreements, copies of passports, SNILS, notarized birth certificates for each child.
• The documents are accepted by the bank that issued the mortgage. 
• You need to complain about the actions or inaction of the bank to the operator of the Dom.rf program through the website or via the hotline 8-800-775-11-22.

Natalia Fein

Source: https://www.Sravni.ru/text/2019/10/21/kak-poluchit-450-000—ot-gosudarstva-na-pogashenie-ipoteki/

How to get 450,000 for large families to pay off their mortgage | Mortgage online

When receiving a new payment, you need to understand: how to get 450,000 large families to pay off their mortgage, what documents will be required, to whom the money is provided and other nuances of the procedure. The bill, which contains part of the answers to these questions, was finally approved in May. And in June it was adopted in the third reading. But there are nuances here.

They will issue 450,000 for mortgages to families with many children according to a non-standard scheme. The law has retroactive effect, i.e.

Families where a 3rd child was born or was adopted from 01/01/2019 will be able to receive support. Such a measure will improve the demographic situation and increase demand for mortgage loans.

It is also planned to reduce the debt burden of the population. Russian President Vladimir Putin spoke about this:

According to official data, 49% of the population are experiencing financial difficulties, while property values ​​are gradually increasing. We are developing new support programs and supplementing existing ones... in order to prevent an increase in the poor population.

Read also: Getting married abroad in 2020

Considering the size of loan payments, 450,000 rubles for a mortgage for large families will be a serious support. But before receiving this amount, it is necessary to clarify a number of points. First of all, applicants for payment will have to apply for money themselves. And you need to collect a package of documents to complete it.

Who has the right to apply for a payment of 450,000 rubles

The bill to receive 450,000 to pay off the mortgage imposes requirements on families applying for these funds (Federal Law dated 03.07.

2019 No. 157-FZ “On measures of state support for families with children, regarding the repayment of obligations on mortgage housing loans (loans) and on amendments to Article 13-2 of the Federal Law “On Civil Status Acts” Government Decree “On the main conditions for implementation programs to receive 450,000 to pay off the mortgage").

1. The child must be born or adopted between January 1, 2019 and December 31, 2022.
2. All members of a large family must have citizenship of the Russian Federation, and the mortgage must be issued in a domestic bank.
3. 450,000 is paid to families with many children to pay off their mortgage if the purpose of the loan is to purchase housing from an organization or another citizen under an agreement on shared participation (DPA) in a transaction or the purchase of real estate.

To cover expenses from the budget, 26.2 billion rubles will be allocated this year, 28.6 billion next year and 30.1 billion in 2021.

In connection with the questions received, I will explain:

• the child must be either born or adopted, and notarized copies of certificates must be attached to the application (guardian children are not covered by the law);
• even if the third child is the co-borrower’s wife, and for the husband it is the second or first child, then assistance can be obtained, and the application will be submitted by the parent of three children;
• if the second or first child died, then 450,000 can be received provided that there is a birth certificate for the deceased child.

The news has been talking about 450,000 for a mortgage since May, and these amounts have already been definitely approved. But all payments will be made through JSC DOM.RF. The same organization will receive subsidies from the Ministry of Finance to cover the costs incurred in the process.

clause 3 Rules for the provision of subsidies from the federal budget to the joint-stock company “DOM.

RF" in order to compensate for lost income and reimbursement of costs in connection with the implementation of a program of additional measures of state support for citizens of the Russian Federation who received a housing (mortgage) loan (loan) for the purchase of housing, at birth from January 1, 2019 to December 31 2022 third child or subsequent children

In addition to 450,000 large families, maternity capital can also be used to pay off mortgages. And this is about another half a million rubles. Both of these measures guarantee impressive government support. However, the person applying for the benefit must meet certain conditions.

Recommended article: How to sell a house bought with maternity capital

Which mortgages are covered by the payment?

It is worth clarifying that the law limits the maximum amount. And if the loan balance is less than 450 thousand rubles, then they will pay as much as is required for repayment. Both the father and mother of the children will be able to receive 450,000 rubles to pay off the mortgage. The type of loan should also be taken into account:

• It is allowed to receive payment on a loan issued before the beginning of 2019;
• compensation is also directed towards the loan issued to repay the mortgage.

• In addition, money will be given to pay for loans issued this year, according to the same scheme as maternity capital.
• How and where to apply for mortgage refinancing for large families
• Mortgages with state support at 6% for families with children: answers to frequently asked questions

What properties does this benefit apply to?

You can get 450,000 for a mortgage for 3 children if you purchase housing under a DDU or under a standard purchase agreement.

The property may be:

• apartment in a new apartment building;
• housing on the secondary market;
• detached house with a plot.

You can purchase such property not only from private individuals, but also from developers (according to DDU). The loan issuance date can be any, but there is one condition. Families who still have a debt to the bank can count on 450,000 for a mortgage for a third child. This amount will allow you to pay off your debts, but will not compensate for loans already paid.

clause 8 Rules for the provision of subsidies from the federal budget to the joint-stock company “DOM.

RF" in order to compensate for lost income and reimbursement of costs in connection with the implementation of a program of additional measures of state support for citizens of the Russian Federation who received a housing (mortgage) loan (loan) for the purchase of housing, at birth from January 1, 2019 to December 31 2022 third child or subsequent children

What documents are needed for registration?

Before contacting a financial institution for a benefit, you need to fill out an application (the bank has ready-made samples), attaching the following package of papers to it:

• passport and marriage certificate;
• passports and necessarily notarized birth certificates for children;
• SNILS for parents and children;
• a document confirming the presence/absence of registered persons in the residential premises;
• mortgage agreement (loan agreement);
• documents confirming the acquisition of residential premises or land plot provided for individual housing construction, including through participation in shared construction (sale and purchase agreement, shared participation, assignment of rights);
• documents confirming the registration of security for the fulfillment of the borrower's obligations under the credit agreement (loan agreement) (Extract from the Unified State Register of Real Estate);
• consent to the processing of personal data - Consent (download document docx)

If one of these documents is not available, 450,000 for the third child will not be issued for a mortgage. If the loan agreement is lost, you can request it from the bank itself. They have a second copy.

Which authorities should I contact to apply for benefits?

They issue payments of 450,000 for a mortgage in the same bank where the loan was issued. The procedure is carried out in several stages.

1. Collecting documents and submitting them to the financial institution along with the application. The application form is determined by the bank with which the loan agreement was signed.
2. Sending documents to DOM.RF (this is done by the bank representative who accepted the application).
3. If the borrower qualifies for the program, the money is transferred to the mortgage account.
4. The bank recalculates the amount and draws up an updated payment schedule. At the same time, it is the borrower who determines whether to shorten the term or payment if the bank does not establish restrictions in the loan agreement.

The new law on paying 450,000 for a mortgage assumes that preliminary measures have been completed. They include obtaining documents for children with a mark on Russian citizenship.

The materials submitted to DOM.RF will be reviewed by a special commission. They will take into account the amount of debt, the amount specified in the application, the interest rate and other nuances. It is important to understand that you will not be able to receive the money in your hands. The mortgage payment from the state of 450,000 is sent directly to the bank through which you submitted the application . And then the funds are deposited into the borrower’s account.

How long does the procedure for applying for benefits and issuing money take?

The creditor bank reviews the application submitted by the applicant for payment within 7 working days and sends the application to Dom.rf. Dom.rf considers the application within 7 working days.

During this period, the information specified in the application is studied and the authenticity of the documents is checked. If everything is in order at this stage, then another five business days to complete the transaction. Although in some banks this period may vary.

Next comes a recalculation of the terms of repayment of the remaining debt.

Given the latest news about paying off a 450,000 mortgage, the procedure and timing may change. There is a chance that in practice the period for applying for benefits will be simplified. All calculations are carried out remotely. Bank clients will be able to independently determine the approximate payment amount using a loan calculator.

Pros and cons of the new payment

You can get Putin’s 450,000 for a mortgage immediately after the law comes into force. It remains to wait for the approval of the bill by the President, and the start of the new rules will be officially announced. But in order to determine the practical benefits of participating in a government program aimed at supporting families with three or more children, you need to make some calculations.

They have been giving 450,000 to pay off the mortgage since 2019, which means that the loan debt will decrease by this amount. You can also add the size of the mat to it. capital.

1. Often, a large family needs a three-room apartment. And its cost is approximately 3 million rubles.
2. The average rate is 9%. The loan is for 20 years with an overpayment of 3.5 million, and the monthly payment is 27,000 rubles.
3. If you subtract from this amount 450,000 for the mortgage for 3 children and almost the same amount of maternity capital, the overpayment will drop to approximately 2.5 million rubles.
4. Subtracting these funds, the monthly payment after recalculation will decrease to 18,000 rubles, and approximately 9,000 rubles will return to the family budget. per month.

And these calculations relate to the purchase of budget housing in the capital. A more favorable situation is developing in the regions of the country. The subsidy received for the birth of a third child is 450,000, and maternity capital will be able to reduce the payment to approximately 9,500 rubles, and the overpayment will be reduced by almost half.

An undoubted advantage is that after receiving this payment, you can reduce either the mortgage term or the payment. To find out which is more profitable, read the article - Early repayment of a mortgage: is it more profitable to shorten the term or the payment?

Also, due to this subsidy, you can pay off overdue debt and interest on the mortgage, but only on condition that the principal debt is less than 450,000. First of all, the body of the loan is paid off, and then the remainder goes to pay interest for use .

But even without taking into account 453 thousand rubles. maternal capital, this measure of support from the state provides tangible benefits. Parents of three or more children save impressive amounts every month. This difference is especially noticeable in the regions. Here, 450,000 at the birth of a third child will halve mortgage costs.

Recommended article: Tax deduction when buying a second apartment

Foreign currency mortgages are also suitable for this program. Recalculation is carried out at the ruble exchange rate in the Bank of Russia on the date of early repayment.

Another plus is that after receiving 450,000, parents do not have the obligation to allocate shares to children , as happens with maternity capital.

Although the new state support program also has its disadvantages:

• such funds cannot be obtained to compensate for loans already paid;
• the benefit is provided only upon an official request from a family member;
• if one of the parents has been deprived of legal rights, funds may be denied;
• There is also a risk of abandonment when canceling an adoption.
• if the amount of mortgage debt is greater than or equal to 450,000 rubles, then only the principal debt is repaid, and interest cannot be repaid.
• Mortgage loans issued only for the purpose of acquisition (purchase of ON, or rights to ON under DDU under 214 Federal Law) are suitable. If the loan agreement stipulates additionally, for example, for finishing, repairs or improvement of living conditions, payment under a preliminary agreement (often after refinancing), then the receipt of 450,000 will be denied.

In connection with refusals to receive payments, the Ministry of Finance and Dom.rf suggested that banks change the wording of the loan agreement, or request additional documents, for example, a housing purchase and sale agreement. For rejected applications, documents will be reviewed.

Please note that if you receive a tax deduction for the purchase of an apartment in full (260,000), then part of the money in the amount of 58,500 will have to be returned to the budget.

Otherwise, 450,000 for a mortgage for a third child is an opportunity not only to pay off debts, but also psychological support for those who are just planning to buy a home.

The implicit advantages of the law include its reverse effect.

Those persons who received the status of a large family since January 2019, and not from the moment the document came into force, will be able to apply for funds.

Also, payments for the third child of 450,000 are transferred directly to a bank account, which eliminates the risk of fraud. For the same purposes, verification of papers is organized at several levels.

Many buyers of housing under a shared participation agreement, private houses with a plot and under an agreement on the assignment of rights of claim will breathe a sigh of relief.

For them, the issuance of 450,000 for a third child from 2019 will be made without any problems. An additional advantage of the state support program is that third parties can act as co-borrowers.

And they are not subject to the requirements that apply to the main borrower.

Under the article in x we ​​have a heated discussion of issues of interest to readers. 

Conclusion

The law makes it quite simple to receive 450,000 for a third child. You just need to collect a small package of documents by submitting an application to the bank. The financial institution will handle the rest.

Moreover, you already have most of the papers: passport, birth and marriage certificates, etc.

Considering that it was Putin who proposed giving large families 450,000 rubles for a mortgage, the bill will definitely be approved and launched in the near future.

Source: https://onipoteka.ru/ipoteka-onlajn/kak-poluchit-450-000-mnogodetnym-semyam-na-pogashenie-ipoteki.html