How to reduce mortgage debt by 600 thousand rubles: assistance to borrowers from the state

Repaying your mortgage with government help

In times of crisis, citizens are wondering how to get their mortgage back. In 2015, a decree was issued that allows certain categories of citizens to apply for help in repaying the principal debt on a mortgage.

Thanks to the Federal Mortgage Program, 600 thousand or less can be repaid towards the loan. The list of borrowers is wide, and this means that many average families who find themselves in difficult financial situations can count on participation in the program.

Basic conditions

Important! Under such a program of state support for low-income citizens, there are certain conditions:

• a sharp and significant decrease in the income of a mortgage lending participant associated with the economic crisis in the state,
• increased payment amount, especially for mortgages obtained in foreign currency,

Restructuring of the principal debt on a mortgage in the amount of 600 thousand rubles can be carried out subject to other conditions of the program:

• the payer has other real estate,
• a certain amount of time has passed since the receipt of the mortgage (and not that they just took out a mortgage and immediately apply for government assistance),
• the payer has a certain social status (large family, low-income family, etc.).

What to do if you were laid off at work and you have a loan?

Scheme of the program

The program participant chooses one of two state assistance schemes. The first option involves transferring the entire subsidy amount towards the mortgage. It is 10% of the total loan amount. It is possible to write off the principal debt on a mortgage up to 600 thousand rubles. Six hundred thousand will be received by the borrower who bought a home for 6 million rubles.

The second option allows you to reduce your monthly payment, but not by more than half. However, it will not be possible to reduce all payments. The borrower will be able to pay the reduced amount for no more than 18 months.

More than 85 banks are participating in the state program. These include non-credit organizations. The deadline for reviewing an application is set independently by each individual bank.

There are conditions regarding the loan that must be changed:

if the mortgage loan was issued in dollars or euros, at the time of assistance under the state program it must be converted into rubles.

The transfer rate is carried out according to the data of the Central Bank of the Russian Federation as of the current date. Funds cannot be converted at the bank's exchange rate;

if the loan was issued in a foreign currency, the interest rate should not exceed 12%, and if the loan was issued in rubles, then the rate is frozen at the moment the agreement on government assistance for the mortgage loan is concluded.

For example, when the borrower submitted documents, the rate was 8%, and it cannot be increased until the state transfers up to 10% of the principal repayment amount.

Debt write-off mechanism, mortgage restructuring

According to the legislation for 2021, the borrower assistance program is paid in two ways:

• the payer’s account receives a one-time sum of 600,000 rubles, which the bank credits to pay off obligations;
• the amount of 600 thousand rubles to repay the mortgage from the state is received in installments, that is, over a certain period of time, part of the obligatory payments is paid.

But it's not that simple. According to internal documents, the state can repay for a citizen an amount equal to 10 or 20 percent of the principal debt. Let's understand what principal debt is.

It means the body of the loan, that is, the balance of the cost of the apartment, as well as mandatory interest (fee for using credit money). Penalties, commissions and other payments that the borrower agreed to when signing the mortgage agreement are not included in the principal debt.

Now you can move on to the amounts that can be repaid. Let's look at this with an example.

The borrower's mortgage principal is 6 million rubles (loan money and interest). That is, the mandatory funds that can be provided by the public service amount to 600 thousand rubles. In fact, this amounts to 10% of the total debt.

The agency can offer such a borrower two options for cooperation.

Mortgage repayment options

The first option is that all funds will be immediately transferred to a bank (mortgage) account, and the bank will use them to pay off the loan body (if the interest has been paid for the most part), or to pay off interest.

In this case, the borrower may not pay the loan for 12 months, but during this time he must improve his financial situation.

The second option is that the government agency will pay most of the obligatory payments for the borrower for 18 months, and he will also contribute funds, but to a lesser extent.

Write-off of mortgage up to 600 thousand rubles

Help is intended only for the most vulnerable segments of the population.

The legislation specifies the conditions that allow you to take advantage of the federal program.

According to Decree of the Russian Federation No. 961 of August 11, 2021, borrowers can receive assistance in the form of:

• debt restructuring by revising the interest rate, not more than 11.5% per annum for foreign currency and not higher than the minimum rate established by the Central Bank for the Russian ruble;
• changing the currency of the loan from foreign to domestic, while the rate in monetary terms should be lower than the previous one;
• reducing the loan amount by partially repaying the remaining loan debt within the established amounts;
• writing off a debt for a penalty that has been accrued by the bank but has not yet been approved by a court decision.

Write-off methods

If you fit the required category and meet all the requirements, you must go to the bank where the mortgage was issued. There, a corresponding application is submitted regarding reimbursement of funds from the state social fund. It must be accompanied by a list of documents, which can be found later in the article.

After the banking institution reviews the submitted papers, the payer will be offered one of the options to choose from:

• Repay part of the mortgage debt at a time - no more than ten percent of the remaining debt and no more than six hundred thousand rubles;
• Convert a dollar loan into national currency at the rate that was in effect at the time the loan was issued;
• Reduce your monthly payment by half for a maximum of 18 months.

Despite the existing requirements, even if you do not meet one of them, you can still apply for participation in this social program. However, an exception is made only if we are talking about a family waiting for a new addition. After the birth of the first child, part of the mortgage debt will be written off in the amount of the cost of 18 square meters of purchased living space.

How to get 600 thousand rubles from the state

To qualify for a subsidy, the borrower must submit the necessary documents to the bank.

AHML reviews all applications and selects borrowers who meet the criteria established by law.

When an application for assistance up to 600 thousand rubles is approved, the debtor, through his creditor, applies for debt forgiveness. All major banks in the country write off debts and then receive compensation.

Financial obligations can be restructured in any convenient way; the bank and its client must choose the best option to resolve the issue.

Government support for mortgage borrowers

The Government of the Russian Federation has approved a special program to assist borrowers who have taken out a housing loan. It lies in the fact that people who paid a mortgage to the bank will be able to receive an amount of up to 600 thousand rubles, as well as a restructuring of the foreign currency mortgage at the rate of the Central Bank. The duration of the program was set from 2015 to May 31, 2021 inclusive. But life made its own adjustments and already on March 7, the program was closed ahead of schedule due to a budget deficit (all the funds that were initially allocated were spent). By the way, borrowers who managed to submit the required package of documents before March 7, 2021 can well count on receiving assistance under this program.

How to reduce your mortgage by 600 thousand

According to the terms of the program, a debtor with a problematic financial condition does not receive direct compensation from AHML; money is not issued in person.

The bank restructures the debt, after which the state returns the written-off money.

To reduce the debt, the program participant must provide the bank with:

1. Application for restructuring under the state program with a description of the reasons for the unfavorable financial condition.
2. Identification documents for the debtor himself, as well as for family members, if necessary.
3. In case of marriage, a marriage certificate is provided, in case of divorce, a divorce certificate is provided.
4. Documents confirming guardianship.
5. When dependent children under 24 years of age studying in higher educational institutions are provided with a certificate of family composition and documents from the educational institution itself.
6. Confirmation of disability of the borrower himself or his dependent family members.
7. Participants in combat operations must present identification.
8. Work record book, as well as a certificate from the place of work.
9. Certificate from the employment service in case of temporary loss of job.
10. Notification from the Pension Fund about the status of the personal account of a participant in the insurance system.
11. Certificate from the social insurance fund about the amount of payments for temporary disability.
12. When registering as an individual entrepreneur, you are required to present reporting results and tax returns.
13. Loan and mortgage agreement.
14. Title and technical documents for mortgaged real estate and other real estate owned by right of ownership.
15. Receipts of the loan paid, as well as the remaining balance on the loan.

It should be taken into account that a different list of documents is selected for each borrower. If there is insufficient evidence, AHML may request additional documents.

Which banks offer subsidies for mortgage repayments of 600 thousand?

It is necessary to understand that by writing off part of the mortgage loan debt to the client, in this case the bank does not incur losses. And by receiving 600 thousand rubles in mortgage compensation from the state, the borrower does not spoil the relationship with the bank. This also does not in any way affect his credit history. Therefore, the vast majority of banks issuing mortgage loans participate in the program under consideration.

But in any case, before you start preparing the documents necessary to receive assistance, you should check with bank employees about the possibility of receiving compensation when working with this financial institution.

The list of documents that must be provided to participate in this program to return 600 thousand on a mortgage from Sberbank or another credit organization may differ in each individual case (depending on the terms of the loan, the size of the mortgage and other factors), so this question should be check directly with employees of the bank whose client is the borrower.

Requirements for the borrower

The state has established criteria by which those wishing to take advantage of the assistance program are selected.

According to government decree:

• the borrower must be a citizen of the Russian Federation;
• the total income after repayment of the loan must be less than two subsistence minimums for the region where the debtor lives;
• Over the past three months, total income has fallen by a third.

The main idea of ​​the program is the presence of external reasons that influenced the solvency of citizens for a secured loan.

How to understand the conditions?

The key conditions need to be considered in more detail in order to understand what criteria citizens who want to receive 600 thousand rubles from the state treasury to pay off their mortgage must meet.

Which apartments are eligible for assistance?

The state has established two main criteria regarding housing. The first concerns the determination of the cost per square meter, the other concerns the determination of the total footage of the collateral object.

The price per square meter should not exceed 60% of the average cost of real estate in the region.

The area of ​​the apartment should not exceed the following indicators:

• one-room apartment no more than 45 sq. m;
• for a two-room apartment no more than 65 square meters. m;
• for a three-room apartment no more than 85 sq. m.

Requirements to receive payment

They are presented:

To participants

Persons who apply for participation:

1. large families;
2. war veterans;
3. disabled people or parents of disabled children;
4. families with two minor children.

In the latest edition, scientific workers, civil servants and participants in social government programs were excluded from this list.

Also, persons who own other housing or own more than half of this property cannot participate. Previously, the area that participants could have should not exceed 18 square meters. meters. Now the area is not measured in specific meters. The main thing is that the participant owns less than half the area.

Unscrupulous payers are also not allowed to participate. If the delay is more than 4 months, then participation is rejected.

One criterion that does not allow participation in the program is the loan term. If less than a year has passed since the loan was taken, then participation is rejected . After the specified period, you can submit an application.

What requirements do banks put forward to a borrower for lending an apartment: who gets a mortgage, read here.

To income

As mentioned above, income should decrease by more than 30%. Also, if you subtract the amount of the monthly payment from the total family income, and the remainder for each family member is less than two subsistence minimums, then participation is acceptable.

IMPORTANT : Persons declared bankrupt by court cannot participate in the program.

There is also a requirement for loan characteristics. It must be targeted. In the case of a mortgage, no questions will arise. It is always a targeted loan. But a loan for an apartment, in some cases, may not be targeted. To participate in the program, documents will have to be reissued.

To the loan amount

The state can provide support in the amount of 20% of the loan amount. But the final figure cannot exceed 600 thousand rubles. That is, if a loan is taken out for 5 million, of which 3 are paid, then the repayment amount will be 400 thousand rubles (20% of the remaining two million).

The recommended loan amount under the program is 8 million rubles. It is from this amount that you can receive compensation in the amount of the indicated 600 thousand.

Also, the cost of the apartment (and therefore the loan amount) cannot exceed by more than 60% the average cost of apartments in a particular area. That is, when purchasing luxury housing, you cannot participate in the program. The cost is not limited if there are more than two minor children in the family.

To real estate

There are a number of restrictions that apply to real estate:

1. The apartment must be of a certain size, which is determined by the number of rooms:
   1 room – 45 sq.m;
2. 2 rooms – 65 sq.m;
3. 3 rooms – 85 sq.m.
4. The apartment must be the only residence . Also, a participant may own no more than half the area of ​​another home.
5. Real estate should not be involved in legal "shenanigans" . That is, it should not be under an encumbrance, or undergo legal proceedings (read about the removal of encumbrance here).
6. The cost per square meter should be the average for the area . Cannot exceed the average cost by more than 60%.

ATTENTION : If there are more than two minor children in a family, the square footage requirements do not apply.

Which banks participate in the program

Most large Russian banks are participants in a program aimed at supporting mortgage holders. The total number of participants includes at least 100 organizations.

Among them are well-known banks:

• VTB 24;
• PJSC Sberbank;
• UniCredit Bank;
• Raiffeisenbank;
• Gazprombank;
• Rosselkhozbank;
• Promsvyazbank.

The government's problem loan assistance program has a limited budget. Therefore, debtors with foreign currency loans, young families and other borrowers should immediately use the service. Based on the above information, you can save up to 600 thousand rubles.

State program for assistance to mortgage holders - conditions and procedure for receiving subsidies in 2021

Mortgage loans continue to be popular despite the financial crisis. To facilitate mortgage payments, a special assistance program for citizens has been developed. In 2021, the State Agency for Housing Mortgage Lending continues to provide compensation for housing loans.

Mortgage subsidies make monthly interest payments significantly easier and reduce your principal balance. The current program is based on a decree of the Russian government dated April 20, 2015, signed by the head of the Cabinet of Ministers, Dmitry Medvedev.

What does Sberbank provide?

Along with other banking institutions, Sberbank is an official participant in the federal program that provides assistance to mortgage borrowers. The conditions of a mortgage agreement for citizens are changed only on personal initiative, a submitted application and documents attached to it.

Sberbank's proposals when considering borrowers' applications:

• Credit holidays – the opportunity not to pay monthly payments from six months to two years;
• Write-off of ten percent of the remaining debt - up to 600 thousand rubles from the state;
• Reduction of monthly contributions for a period of up to one and a half years (in an amount not exceeding six hundred thousand).

Sberbank does not provide the borrower with the right to choose one of the presented options. He chooses on his own. Mortgage restructuring is carried out on the basis of an existing concluded mortgage agreement or by concluding a new one.

There are no statutory deadlines for consideration of a submitted application, so the rules approved by the bank itself apply here. In the case of Sberbank, this is from two to five working days.

Amounts of state aid

There is no fixed amount that a young family can use. There are certain conditions under which it is possible to repay a debt of up to 1 million rubles:

• the birth of a child will help the family receive compensation for 18 m² of living space;
• the birth of a second baby allows you to get help for an additional 18 m² of housing;
• The decision to have a third child makes it possible for the state to fully repay the mortgage debt (this depends on the cost and area of ​​the apartment).

Restrictions regarding the amount

For 2021, the amount of state assistance has been increased to 1.5 million rubles, if they do not exceed the threshold of 30% of the balance of the principal debt.

This innovation only applies to:

• veterans;
• families with two or more children;
• disabled people or parents with a disabled child. There is a restriction on the disability group.

For all other “preferential” categories of borrowers listed above, assistance of no more than 600,000 rubles is allowed:

• families with a minor child;
• families with teenage children (students under 24 years old).

Watch the video. 600 thousand rubles to pay off the mortgage:

Who is eligible to receive a subsidy?

In addition to having children, the following categories of citizens can exercise the right to partial debt repayment:

• guardians or adoptive parents of minor children;
• war participants who received the title of veteran;
• parents with a disabled child;
• disabled people of certain categories.

There are a number of life circumstances under which a bona fide borrower may qualify for a refund:

• the total income of all family members over the last quarter (3 months) decreased by more than 30%;
• the amount of monthly payments to repay the mortgage loan has increased;
• after paying off the debt for the family’s personal needs, there remains less than 2 subsistence minimums established in the region of residence.

To confirm life circumstances, it is necessary to submit documents that are carefully checked by Agency employees, after which a decision is made to provide assistance to borrowers or to refuse it.

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You should not count on full repayment of the debt. But pleasant moments in the form of a reduction in the interest rate or partial repayment of debt can become significant support for a family that finds itself in a difficult financial situation.

All preferential provisions have their own validity periods, so do not delay in collecting the necessary documents if a new direction appears in the program.

The beginning of 2021 brought a tempting offer to provide additional subsidies, but a huge number of requests from those wishing to take advantage of this led to the abrupt closure of the project due to the fact that the allocated financial resources ran out.

Registration procedure

Using the state program is quite simple - you need to provide a standard package of documents to the credit institution that issued the mortgage loan:

• passport of a citizen of the Russian Federation;
• full loan agreement for an apartment or house;
• a certificate from the bank about the terms of repayment of the mortgage and the remaining amount of debt;
• certificate of income from work;
• an extract from the Unified State Register confirming the right to ownership of the collateral housing;
• an extract from the Unified State Register confirming the absence of other housing;
• if there is a co-borrower, his income certificate;
• a certificate from the pension fund confirming the lack of income of dependent persons;
• certificate from the pension fund about the amount of pension;
• agreement on shared participation (for new buildings);
• assessment of the value of collateral;
• certificate from the bank about the payment schedule;

Documentary evidence of the financial difficulties that have arisen will also be required:

• certificate of registration with the employment center, in case of unemployment;
• a certificate of wage reduction at the enterprise, with copies of orders to reduce wages;
• all kinds of extracts from hospital records if any illness prevents repayment of the debt.

All documents from the Unified State Register are issued on a paid basis. In case of refusal to provide a subsidy, the money will not be returned. It is worth studying the provisions on the assignment of assistance well in order to avoid unnecessary expenses.

It is worth remembering that each individual financial institution reserves the right to set deadlines in accordance with its internal regulations. If it is necessary to urgently prepare documents, it is possible to write a written application to the bank with a request to speed up the verification process.

Submission of documents

Documents for obtaining restructuring are submitted to the bank itself. To do this, you need to collect the required package of documents in advance. The list of documents can be clarified at the bank, as it may vary slightly depending on the organization.

Attention! The main package of documents includes:

• consent to the processing of personal data of both the borrower himself and his family members (upon receiving a request for “help”, government authorities will check the financial and social situation of each family member);
• written application for mortgage restructuring;
• original and copy of the borrower’s passport;
• certificate of marriage or divorce;
• medical documents, conclusions and acts of VTEK (if we are talking about disability);
• documents confirming a decrease in income (2-NDFL certificates, documents on dismissal or layoff);
• a copy of the mortgage agreement;
• an extract from the Unified State Register of Real Estate about the absence of other real estate;
• payment transfer schedule for the past period.

Payment procedure

Partial or full repayment of the mortgage at the expense of the state occurs in several stages:

1. To avoid wasting public funds for other purposes, money is transferred to a special account from which repayments are automatically made.
2. If a child is born into the family during the conclusion of the contract, the state provides an additional 5% subsidy.
3. All program participants receive a certificate confirming their beneficiary status.
4. Loan repayment under the state program takes place in all banks of the Russian Federation.
5. Assistance to mortgage holders is provided once.

Basic requirements for housing and borrowers

To receive a preferential subsidy, an apartment or house must meet the following requirements:

1. Borrowed housing should be the only one for the owners.
2. The cost of an apartment should not be higher than 60% of the cost of similar housing in the region, according to the Federal State Statistics Service.
3. The areas should not exceed the following dimensions:

• one-room apartments – 46 m²;
• two-room apartments – 65 m²;
• three-room apartments – 85 m².

The rules do not apply to families with 3 or more dependent minor children. It is mandatory for the borrower to have Russian citizenship.

Advantages and disadvantages

The advantages include a fairly impressive amount of financial assistance, which makes the life of the borrower much easier. At the same time, the opacity of the procedure, a large list of documents, paid certificates from State Registers and the lack of explanations in case of refusal make the process of obtaining assistance tedious.

We can safely say that the program is good support for housing borrowers who find themselves in tight financial circumstances. But the acquisition mechanism needs significant improvements. The first of these should be maximum transparency of all stages of obtaining such necessary assistance to young families.

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Please note that the main focus of the program is aimed at preventing a demographic crisis in the country. In addition to housing subsidies, the state is actively developing social support for families with children, so financing rules change annually; it is necessary to carefully monitor new bills so as not to miss your chance to take advantage of benefits.