Law on writing off 18 meters at the birth of a child

Mortgage for a family with two children in 2021

To get 450,000 rubles to pay off your mortgage, you need to do the following:

1. The borrower must submit an application and the necessary documents to the bank where he has a mortgage.
2. Within 7 working days, the lender verifies the information received and sends it to Dom.RF for consideration.
3. Dom.RF makes a decision to provide funds or to refuse within another 7 days from the date of receipt of the application and documents from the creditor.
4. If a positive decision is made, 450 thousand rubles will go to the bank to pay the borrower’s debt, after which the credit institution must inform about the write-off of part of the debt within 3 business days.

The borrower is not entitled to charge any additional fees. In addition, the applicant does not need to provide information about the purchased property, since Dom.RF requests this information independently.

A service for searching, buying and selling real estate in Moscow and other Russian cities with online mortgage registration in Sberbank. Includes verification, evaluation and registration of the transaction. Buying an apartment with a mortgage is easier and faster with DomClick.

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

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

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

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

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

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

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

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

At the legislative level, the rights and obligations of borrowers and lenders are regulated by Decree of the Government of the Russian Federation No. 1711 and Decree of the President of the Russian Federation Pr-2440. Regulatory legal acts include information on the rules and algorithms for calculating government subsidies for families with small children.

Attention: the duration of benefits cannot exceed a three-year period, namely from January 1, 2018 to December 31, 2020, the program includes official (legal) parents and representatives (guardians), as well as single mothers.

The government's primary goal in developing mortgage benefits for the purchase of real estate is to increase the birth rate - 5 out of 4 Russian families are limited to one child or two children as a result of the lack of residential real estate.

How to achieve a reduction in the interest rate on a DomClick mortgage from Sberbank

• if the borrower has insured life and the collateral – up to 10.9% per annum;
• if the contractual terms do not provide for compulsory insurance - up to 11.9% per annum;
• for the banking product “Non-targeted loan secured by real estate” - up to 12.9% per annum.

• possible reduction in the interest rate in 2021-2021 to 8% per annum;
• discount when completing an electronic transaction in Rosreestr;
• Mortgage approval period is no more than 90 calendar days;
• military personnel have the opportunity to obtain a mortgage in an amount of no more than 2.5 million rubles;
• when applying for a mortgage, the borrower can receive a credit card with a limit of up to 200 thousand rubles;
• when applying for a mortgage, salary card holders are entitled to a 0.3% discount;
• reduced rate for new buildings;
• registration of a Family mortgage at 6% per annum.

• if the interest rate of the active loan is above 12.9%;
• if the mortgage loan was issued at least 1 year before applying for a rate reduction;
• there were no delays in repaying the loan;
• if the debt is payable in an amount of 500 thousand rubles or more. on the date of interest rate reduction;
• the mortgage had not previously been restructured.

1. if the borrower has insured life and the collateral – up to 10.9% per annum;
2. if the contractual terms do not provide for compulsory insurance - up to 11.9% per annum;
3. for the banking product “Non-targeted loan secured by real estate” - up to 12.9% per annum.

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How to reduce mortgage interest at Sberbank 2021

The bank's management notes that not only the minimum rate is record-breaking, but also the activity of citizens who want to obtain a mortgage loan on favorable terms. Even in the pre-crisis period, until 2014, there were fewer of them. This interest in mortgages is fueled by relatively low real estate prices.

He also provides refinancing to his clients, but only for consumer and car loans. Exceptions to the rules also exist. They are considered on a case by case basis. The bank does this in order to retain customers. The loan borrower may independently request that the refinancing process be reviewed by the bank with which he has a mortgage lending agreement.

That is, if you already have a mortgage loan, for example, since December 2021, then in practice it will not be possible to reduce the rate in this bank, based on the text of the resolution of the Government of the Russian Federation of December 30, 2021 No. 1711. But you can use another method for refinancing.

Mortgage write-off at the birth of a child

Families in which a second or third child was born between January 1, 2021 and December 31, 2022 are entitled to apply for a mortgage at a reduced rate of 6 percent per annum . To obtain a loan or loan on preferential terms, you must comply with a number of mandatory requirements, for example, residential premises can only be purchased on the primary real estate market. To take part in the program, you just need to contact the bank, then the credit institution will independently submit an application to the Ministry of Finance.

Every borrower who meets the conditions listed above can become a participant in the program that provides for the write-off of part of the mortgage debt. For these purposes, an application is written to the local administration. It is also necessary to submit a list of primary documents (the number of papers may vary):

Mortgage repayment for large families

Mortgage benefits for the birth of the first, second, third child provide for full compliance of the borrower and co-borrower (which are automatically the husband or wife) with the established requirements of the banking organization. When choosing a mortgage with government subsidies, carefully study the list of conditions put forward, followed by an analysis of your own situation.

Compliance of the area with the standards established by law - a newborn baby cannot be the reason for purchasing disproportionate, large-sized housing. State assistance consists of partial coverage of the mortgage if the selected property corresponds to the declared dimensions.

Attention: an application for a housing loan with a preferential annual rate is submitted when the first or second child is born and registered in the registry office.

The benefit is available to families if the property purchased with a mortgage meets the following dimensions:

• 18 sq. m. for the first baby;
• additional 18 sq. m. for a second child (36 sq. m. for two children);
• the birth of the third provides for 100% of the loan.

Important! The 6% rate applies exclusively to new buildings; the secondary market does not participate in the state subsidy program. In foster families, the mortgage is calculated at the time the adopted infant is transferred to the care of new parents.

For families with plans to have two or more children, it is beneficial to take out a mortgage with government participation to improve living conditions. When attracting family capital, there is a combination of two subsidies, the funds of which are used to repay a housing loan from the bank.

Attention: complete mortgage forgiveness is available to citizens with three children born after January 1, 2021. Before applying, at least 6 months must pass from the date of signing the mortgage agreement.

Depending on the chosen credit institution, repayment of the difference in interest rates from standard rates to preferential 6% is paid by the state. If a mortgage at the birth of a second child has already been issued on a secondary property, it is impossible to recalculate the debt.

If a second or third child is born, you can apply for a credit holiday on a previously issued mortgage - mothers on maternity leave become a category of low-income payers. The standard deferment period is 1 year, but some financial institutions in the Russian Federation offer vacations of up to 3 years, depending on the general financial condition of the family.

Important! Partial payment of a mortgage by the state for families with a child (children) does not exclude the participation of the borrower - the accrued preferential rates are subject to personal repayment according to a schedule drawn up by the bank.

Write-off of meters at birth

The interaction of these two programs: the federal target program provides for the issuance of free subsidies to pay off part of the cost of housing upon the birth of a child; The regional target program is aimed at supporting young families through mortgage lending.”

· the age of each spouse or one parent in a single-parent family on the day of the decision to include a young family in the list of applicants for receiving social benefits in the planned year does not exceed 35 years;

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Family mortgage in Russia 2021

The procedure for obtaining mortgage loans at a preferential rate is a relatively new banking product that young families are just getting acquainted with. If the baby born is a first-born after January 1, 2018, the family or single mother, as well as guardians, have the right to submit an application for consideration.

Additional bonuses and offers from a specific financial institution help reduce the rate. For example, VTB and SberBank periodically hold promotions from developers - when purchasing housing in a certain residential complex, the company or agency offers low rates.

As part of the preferential mortgage program for residents of the Far Eastern Federal District, the following features are provided:

1. You can buy an apartment with state support not only in a new building, but also on the secondary market . In this case, housing must be located in a rural area. The seller in this case can be either a legal entity or an individual. That is, a large family can get a mortgage at 5 percent to buy an apartment in a rural settlement in any of the 11 regions of the Far East.
2. To receive government support for the purchase of housing in the Far East, the mortgage agreement must be executed from 01/01/2019 to 12/31/2022 . If the loan was issued earlier, then the rate on it will be the same as in other regions - 6 percent.

A mortgage at a reduced rate in all regions can only be obtained for the purchase of housing on the primary real estate market from a legal entity.

You can apply for a loan under the state program only for the purchase of:

1. New buildings under DDU in a house that has not yet been put into operation.
2. A finished apartment in a new building or a house with a plot of land.

The same conditions apply to the possibility of refinancing an existing loan - housing must be purchased only on the primary real estate market .

A housing loan issued before the start of the program or before the birth of children can be refinanced at 5 or 6 percent, depending on the conditions of the bank and region. To do this, the borrower will need to enter into an agreement with the bank, under which he undertakes to repay the old loan, or an additional agreement on refinancing the loan.

When refinancing, the remaining debt must be less than 80 percent of the original cost of the home. Conditions regarding citizenship, type of housing and date of birth of children must be met.

Before the refinancing procedure, the bank will again request a complete package of documents from the borrower, and the entire approval procedure will have to be completed again. Afterwards, the borrower signs a new loan agreement, the funds of which are transferred to repay the old one.

Borrowers who have taken out a mortgage at Dom.RF Bank have the opportunity to renew the loan agreement simply by signing an additional agreement to it. This opportunity also became available to VTB Bank clients in 2021.

Example: A husband and wife bought an apartment in a new building in 2015 with a mortgage at a rate of 10.5 percent per annum. They welcomed their first child in 2021 and their second child in 2021. The family now has the right to refinance the mortgage and reduce the interest rate on the loan to 6 percent. To do this, they need to enter into an agreement to repay the old loan or an additional one. refinancing agreement.

Mortgage from 0.1% for families with children

Banks receive money on loan from the Central Bank of the Russian Federation at the annual refinancing rate, which is now 7.25%. The targeted preferential program provides for lending at 6%, and in some cases at 5%. A natural question arises about lost profits.

In fact, there isn't one. The state budget includes expenses for subsidizing mortgages for families raising two or more children. This is irrevocable help. This cost item provides for the allocation of 600 billion rubles. Banks are compensated by the key rate itself plus the monetary interest of the commercial structure.

The program, initiated by the state, is fully financed by it.

For a down payment – ​​no. It is paid only with your own funds. When refinancing, we are talking about an agreement that the borrower has already been servicing for at least six months. When refinancing, the use of maternity capital is allowed.

Theoretically, any bank can receive budget funds intended to subsidize preferential mortgages for families with two or more children, and refinance such loans. In practice, only the largest credit institutions in the country, whose application has been approved by the Ministry of Finance of the Russian Federation, participate in it.

A family that has grounds to participate in the program should find out about the possibility of exercising their rights on their own. There is a choice.

You can refinance the residual debt up to 80% of the appraised value of the property. In most cases, this amount is enough, but if the object is very expensive, restrictions apply:

• for Moscow, St. Petersburg and metropolitan regions – 12 million rubles;
• throughout the rest of the Russian Federation – 6 million rubles.

The borrower pays the rest of the amount with personal and not borrowed funds.

Mortgage at 6 percent for families with children in 2021

The program has no restrictions on the volume of benefits. Having paid off the first mortgage, the family has the right to take out a second, third, etc. The main thing is that solvency allows and legal criteria are maintained. Children after reaching adulthood will no longer serve as a basis for receiving benefits.

Fortunately, parents can also have a second, third, and subsequent child at a fairly mature (but usually still reproductive) age. For this reason, pension restrictions do not apply in this situation. The minimum age for any mortgage is generally 21 years old. This refers to the senior breadwinner parent.

This program is issued for the purchase of residential premises under construction or ready-made from the seller - a legal entity. You cannot buy anything from an individual on the secondary market under this program. A DDU (share participation agreement in construction) or DKP (regular purchase and sale) is concluded with the seller, depending on the readiness of the housing.

You can buy:

• apartment;
• House;
• town house.

Minimum mortgage rates for families with children are indicated. The final rate may be higher. For example, if you refuse personal insurance, the percentage may increase by 1-2 points. In addition, special conditions are provided to salary clients. For example, a 6% rate at the Bank of St. Petersburg is available only to those who receive salaries through it, while everyone else is set at 6.25%.

To apply for a family mortgage you will need:

• loan application;
• passport of the borrower and co-borrower (spouse);
• marriage documents;
• children's birth certificates;
• certificates of income and documents on work activity: certified work book, certificate 2-NDFL, declarations (for individual entrepreneurs), bank account extract;
• documents on collateral: appraiser's report, technical documentation, extract from the Unified State Register of Real Estate;
• for men under 27 years old - military ID.

The bank may ask for additional documents to approve the transaction.

How much debt is written off at the birth of a child?

At the birth of the 1st and 2nd child in Mordovia, a family can count on a reduction in the loan burden by 10% (for each child), the 3rd – by 30%, and the 4th – on full repayment of the loan from the regional budget. Interest is calculated based on the outstanding balance at the time of application.

The right to receive social benefits for existing children is given to low-income families who are raising children under 18 years of age or have dependent children under 23 years of age, receiving higher professional education (full-time) and not in a marital relationship. For such families, other conditions apply:

• write-off of 10% of the remaining debt if there are 2 children;
• 20% write-off - if there are 3 or 4 children;
• full write-off - if there are 5 children.

An important circumstance: you can apply for benefits in Mordovia not only at birth, but also at adoption of a child.

How to refinance a mortgage upon the birth of a second child in 2021

Subsidies within the framework of the Young Family can be received by:

• married couples with or without children, officially married;
• single parents with children;
• the age of the eldest parent should not exceed 35 years (35 is still possible, but 36 is no longer possible);
• the family must need to improve their living conditions - the area of ​​the apartment per family member must be less than the regional norm (usually 10-12 square meters);
• at the same time, the family’s income must be enough to pay the mortgage or purchase housing in an amount in excess of the subsidy provided.

If a family meets the criteria described above, it can receive from the budget from 30 to 35% of the cost of the apartment.

State support is issued on a first-come, first-served basis, which can last for several years. If during the waiting period the family receives housing with a larger area or one of the spouses turns 36 years old, then the candidates are removed from the list. The chances of advancement in the queue are higher for large families and families with disabled children.

You can get clarification on the program, a list of documents and submit an application at the local administration. The implementation of the “Young Family” is carried out by regional budgets, so you need to apply there.

Mortgages for families with children with state support at a preferential rate are issued by many banks, including Sberbank, VTB, Rosbank, Rosselkhozbank. The borrower's criteria and the rules for granting a loan are determined by the bank's internal policies, but the low rate for the entire loan term is ensured thanks to the federal program for subsidizing these mortgage programs.

Family mortgages have a number of advantages over other types of home loans, and they consist not only in providing funds at a low interest rate. Among the advantages of the project are the following:

1. Possibility of contract extension. Families who, for any reason, are unable to repay their debt on time can contact the bank with a request to extend the payment period for another five years.
2. Possibility of attracting co-borrowers from among relatives. Even families with very low incomes can get a mortgage loan. In this case, the parents of the borrowers act as guarantors of loan repayment.
3. Possibility of obtaining a deferment on debt payment. Individuals who have the required level of income and have taken advantage of the preferential lending program have the right not to make loan payments for a certain period. But this only applies to the body of the loan; you will still have to pay interest on it even during the deferment period.
4. Families with children can purchase housing with a larger area, even if such an apartment costs more. In this case, the amount of the initial payment is reduced to 15%.

Financial and credit organizations offer many types of housing loans, which is due to numerous government projects to assist citizens in purchasing housing. The state is ready to help both families with children and young spouses who have not yet given birth to a child in acquiring square meters.

Banks offer several types of mortgage lending, differing according to the following criteria:

1. Payment terms. Loans are issued for a period of 10-15 or 20-30 years.
2. Type of housing. The family mortgage program provides for issuing a loan only for the purchase of housing in a new building. Only residents of the Far East can buy an apartment on the secondary market as part of this project.
3. The size of the interest rate. Here, there are only two types of mortgage loans for families with children: at 5% per annum for residents of the Far East and at 6% for everyone else.
4. Down payment. A family mortgage involves depositing funds from your own or regional budget.

According to the terms of the program, preferential mortgages are provided only when purchasing housing in a new building. To apply for a loan you will need the following documents:

• copies of the constituent documents of the developer organization;
• contract of purchase and sale, assignment of rights or shared construction;
• an extract from the Unified State Register of Legal Entities confirming the fact of registration of the activities of the developer from whom the living space is purchased.

Participants in the project can be persons who meet the following criteria:

1. Age - 21-65 years (the latter indicator refers to the moment of full repayment of debt obligations).
2. Family status. A mandatory condition for granting a family mortgage is the presence of a second/third child born during the implementation of the state project. In this case, the presence of a second parent, as well as an officially concluded marriage, is not necessary.
3. Having a permanent place of work. To obtain a loan, you must have a regular income, the level of which will allow you to make monthly loan payments without compromising the family budget.
4. Availability of a co-borrower. This could be the second spouse. In this case, the company takes into account his employment, which is confirmed by a 2-NDFL certificate or a bank form, as well as a certified copy of the work book. If the co-borrower is unemployed, only one parent's income is considered.

Not all financial and credit institutions take part in the project, but only those that are included in the list approved by the Ministry of Finance of the Russian Federation.

1. The Family Mortgage program applies to all families with two or more children, at least one of whom was born after January 1, 2021.
2. The borrower can be spouses or one of them (if the family is single-parent) who meet the established criteria.
3. Before contacting the bank for a loan, you should prepare the necessary documents, including papers for the purchased housing.
4. Borrowed funds can be used to pay a down payment or pay off debt obligations under an existing obligation.
5. The reduced percentage is only relevant for purchasing an apartment in a new building. For secondary housing, the rate set by the bank for this type of lending will apply.

Write-off of 18 m for the birth of a child in a mortgage

6. The amount of the subsidy is equal to the cost of 18 square meters of total housing area, calculated by the Funds based on the standard cost of one square meter of total housing area in the municipality, established by the local government, but not higher than the average market value of one square meter of total housing area in the Samara region, determined by the federal executive body authorized by the Government of the Russian Federation.

e) documents containing information on the amount of remaining debt on a housing mortgage loan (loan) for young families participating in the subprogram “Young family - affordable housing” of the regional target program “Housing” for 2021 - 2021 and young families participating in the regional target program “ Affordable housing for a young family" for 2021 - 2021.

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Family mortgage with government support in 2021

The family mortgage program in 2021 is aimed at supporting the construction market. It also helps Russians buy housing without overpaying interest to the bank. Currently, the average mortgage interest rate is 8-9% per annum. In terms of a long term loan repayment, the 3-4% difference allows for serious savings.

State assistance for mortgages in 2021 consists of subsidizing this amount. In fact, banks receive the interest established by their tariffs, of which 5-6% is paid by the borrower, the rest is paid by the state. To receive social assistance, borrowers and the loan issued must meet certain requirements.

To obtain a new loan under the terms of the family mortgage program in 2021 or refinance an existing one, you should contact the DOM.RF mortgage agency or directly to your chosen bank. The procedure for obtaining a loan is no different from regular lending. The financial company transmits all the necessary information for subsidizing independently. However, the client should check the interest rate when signing the loan agreement.

If you already have a home loan and would like to refinance it at a lower rate, you should contact your bank. According to recent changes in the legislation on family mortgages, you can lower the interest rate even if you have already refinanced the primary loan, as a result of which the conditions no longer comply with the program rules. The main thing is that the purpose of the loan remains unchanged.

Let's look at the standard refinancing option. Let’s say that in 2019 a second child was born in the family, the remaining terms of the mortgage are suitable for changing the terms of the loan. If previously borrowers paid 11% per annum, now they can count on 6%. To lower your interest rate, you need to go to a mortgage bank branch and submit an application.

How will the mortgage borrower benefit? For example, the balance of his debt is 900 thousand rubles, the rate is 11%, the remaining payment period is 10 years. Under the current terms of the loan, the overpayment will be 587 thousand rubles, under the new ones – 299 thousand rubles. The difference is obvious: by applying for mortgage refinancing to your bank, the client will save 288 thousand rubles.

You can ask the manager for the form or fill out an application yourself. It is necessary to indicate the details of the loan agreement and state the essence of the request. After considering the application and checking the loan for compliance with the conditions set out in the law, the bank makes a decision - to agree or refuse for objective reasons. Please note that a refusal can only occur if the loan parameters do not qualify for the state subsidy program. Other reasons are unlawful and may serve as a reason to appeal to higher authorities.

Mortgage and maternity capital

Mortgages with state support at 6% for families with children: answers to frequently asked questions

Tax deduction for mortgage interest

When is mortgage refinancing beneficial?

Program for writing off 18 square meters of mortgage at the birth of a child

Maternity capital is one of the measures of state support for families with several children. Maternity capital funds are managed by the owner of the certificate by submitting the appropriate application (Article 2 of the Law of December 29, 2021 N 256-FZ).

Step 1. Notify the bank of your intention to repay the mortgage loan using maternity capital funds. From the bank that issued you the mortgage loan, you must obtain a certificate about the amount of the remaining principal and interest payments. The certificate issued by the bank, in addition to the borrower's debt, must contain details for the transfer of maternity capital funds.

How is a Sberbank mortgage written off at the birth of a child in 2021?

At the birth of their third child, parents can count on the mortgage being written off in full, but only within the framework of the preferential program “Affordable Housing for Young Families.”

Conditions for participation:

• the apartment is not suitable for living;
• the footage of the property does not meet established standards;
• the family lives with a sick person;
• age of participants up to 35 years;
• each family member has Russian citizenship;
• the minimum income for two people is up to 21,621 rubles, for three – 32,510 rubles.

The mortgage is written off upon the birth of a third child at the request of the parents.

Apart from the state program “Affordable Housing for Young Families,” one cannot expect any recalculations or write-offs of the mortgage upon the birth of a third child.

At the stage of applying for benefits, clients have questions related to the legislation of the Russian Federation. We invite you to read the answers to some of them.

The state provides for this possibility. At the birth of the first and second baby, the subsidy period will be 3 years. If twins are added to a family that already has one child, the period is extended to 5 years.

Maternity capital serves as additional financial assistance; it can be used to pay off debt.

The maternity capital certificate can be used for the initial payment or for paying off mortgage interest.

Biological parents do not have this opportunity, but guardians do have this option if the baby was adopted after January 1, 2018.

When there is no possibility of official evidence of the fact of pregnancy, in this case it is possible to hide the circumstance of pregnancy from bank representatives. A health certificate will be required exclusively at the stage of life insurance of the borrower.

However, revealing the fact of concealment leads to unpleasant results. In accordance with the standard agreement, Sberbank has the right to periodically check the stability of the client’s financial situation. Going on maternity leave or child care is reflected in the reporting. This information serves as the basis for changes to the mortgage repayment terms.

There are two ways for events to develop:

1. Increasing the monthly payment with a shorter term or requesting early repayment of the debt. Sberbank issues mortgages to pregnant women on a general basis, so it is more profitable to honestly provide complete information about your financial situation.
2. Otherwise, there is a high probability of being left without the money invested in the purchased property. It is recommended to soberly assess your own capabilities.

As conditions for the mortgage, the final list of documents is approved by the bank. But usually the minimum package is:

• Passport of the borrower/co-borrower with a registration mark;
• Passport of the spouse of the borrower/title co-borrower;
• A valid marriage registration agreement (if any);
• Birth certificates of all children of the borrower;
• Documents on income and employment;
• Real estate documents (can be provided within 90 days from the date of loan approval);
• Documents confirming the availability of a down payment.

The package of papers will increase if the mortgage is secured (for large loans, applicants pledge another property).

Additional benefits from the state

In the Russian Federation, families with children have the right to take advantage of additional state benefits in resolving the housing issue. Let's look at them in more detail.

Maternal capital

Families with two or more children can reduce their Sberbank mortgage by transferring maternity capital funds to their loan account. According to current legislation, state assistance can be used to repay the principal debt or accrued interest.

For many, the amount of 489 thousand rubles can be a feasible help in reducing their credit burden.

Any questions regarding the use of this measure of state support are resolved upon receipt of consent from the Pension Fund of the Russian Federation. In order to repay the mortgage debt, the client must receive a certificate from Sberbank about the balance of the debt indicating the details for transferring money and write a statement to the Pension Fund about the expenditure of funds under the certificate.

After reviewing the application within one month, the borrower will be informed of the final decision. If the Pension Fund of the Russian Federation satisfies the applicant’s requirements, the money will be transferred to the bank also one month after the notification.

Read more about paying off a mortgage with maternity capital in a special post.

Family mortgage at 5%

From the beginning of 2021, families in which a second and/or third child will be born before the end of February 2023 can apply for a preferential mortgage from Sberbank with a reduced rate of 5% per annum, part of which is subsidized from the state budget.

The conditions for obtaining such a loan are to receive from Sberbank a loan portion in the amount of 300 thousand to 12 million rubles in Moscow, St. Petersburg, Moscow and Leningrad regions and up to 6 million rubles in the regions. The loan term will be from 1 to 30 years, and the rate is 5% for the term of the mortgage.

450,000 from the state for the third child

If a third child appeared in your family after January 1, 2018, then you have the right to receive 450,000 rubles from the state and use it to pay off the mortgage. Read more about this program and its effect at Sberbank here.