Mortgage at AHML in 2021: programs, rates and features

AHML proposals

The agency provides services that are conditionally divided into 2 categories: for those who intend to apply for a mortgage (in accordance with the AHML sample), and for those who cannot repay their mortgage debt.

The first case provides the following options:

• choose more profitable lending programs for yourself (complying with AHML standards);
• attract a partner who will subsequently lend according to the Agency’s standards;
• choose a suitable living space that the organization sells;
• provide yourself with reliable insurance.

Anyone who has already taken out a mortgage and is faced with the problem of repaying it can:

• obtain permission to use maternal capital;
• restructure the loan (requires the appropriate application form)

It is worth considering that not every borrower can use the services of AHML. The agency provides assistance only in special cases.

Preferential offers

In addition to standard programs, the bank has implemented special offers for certain groups of the population. The programs imply a reduction in interest rates and even more favorable lending conditions.

Purchasing real estate for the military

The program involves providing a loan for the purchase of an apartment in a new or secondary building. Military personnel who participate in the NIS qualify for the conditions. The bank offers a loan of 36 months with a down payment of 20% (you can pay from personal funds or from an NIS account). In this case, the rate is fixed at 10% per annum.

Recommended article: Rosselkhozbank mortgage without down payment

Mortgage lending with state support for families

The program is great for families in which a second or next child was born (will be born) from the beginning of 2021 to the end of 2022. In this case, the bank offers the most favorable conditions. Only 6% per annum with a first payment of 20%.

Please note that the grace period under the program lasts from three to eight years.

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

Special offer for living social workers in the Moscow region

This program was created for health workers, scientists and teachers (teachers). The offer allows you to buy an apartment in a new building or on the secondary market, with a rate of 8.5 and 8.75%, respectively. The loan is provided for a period of up to 10 years.

Note! To get a loan, you can be registered in another region, but work in the Moscow region.

Regional program with a reduced rate

Depending on the regional distribution, public sector employees, families with three or more children, young families, and so on can become participants in the preferential program. The list can be found on the bank’s website, where all categories of citizens are divided by region. If the program is provided, you can get a loan at a rate of 5.5% per annum (without increase).

Note! In Dom.rf (AHML), mortgage repayment can be made ahead of schedule; to do this, you need to inform the bank employee about your intentions and deposit the desired amount without overpayments or interest.

We reviewed all available programs from AHML. For additional information, go to the bank's website, where you can find out complete information about the program you are interested in.

What categories of citizens can count on help?

First of all, the bank client must be a citizen of the Russian Federation. The agency puts forward the following requirements, subject to which a person has the right to use the organization’s services:

• the borrower must have/care for at least one minor child. The more incapacitated children the debtor has, the greater the chances of approval of the application;
• if the borrower does not have minor children, but is disabled or a combat veteran, the Agency is ready to provide assistance.

A borrower supporting a full-time student under 24 years of age can also count on assistance.

Requirements for the borrower

In order for you to be approved for a mortgage loan at AHML JSC, you need to meet certain requirements:

• be a citizen of the Russian Federation;
• be registered on the territory of the Russian Federation;
• reach 21 years of age, but at the time of repayment of the mortgage be not older than 65 years;
• be officially employed or registered as an individual entrepreneur (or be the owner of a business);
• work for at least 3 months in one organization, be able to confirm break-even activity as an individual entrepreneur for at least two years.

What documents are attached to the AHML application?

Those who intend to apply for mortgage refinancing must provide the following package of documents:

• photocopies of all pages of the passport;
• papers confirming the financial position of the borrower for the last 90 days (copy of the work book, personal income tax form of income certificate, etc.);
• papers confirming the borrower's social category (birth certificate(s) of the child(ren), veteran's ID, etc.);
• photocopies of existing mortgage documents;
• free form application.

Important to remember! The list of documents mentioned is not exhaustive. If necessary, the creditor has the right to demand the provision of additional papers.

Real estate requirements

Real estate purchased with a mortgage must also meet certain requirements.

You must prepare the following documents:

• assessment report (at your expense);
• contract for shared construction if you buy an apartment in a new building;
• purchase and sale agreement (donation), extract from the Unified State Register of Real Estate, registration certificate, if you are purchasing ready-made real estate.

Regional mortgage programs may establish additional requirements. For example, in Moscow and the region, according to regional social mortgages, real estate must have a certain area:

• per resident - no more than 33 sq. m;
• on two - no more than 42 square meters. m;
• for three or more - do not exceed 18 square meters. m per person.

Application to AHML: what you need to know about the document

The Housing Mortgage Lending Agency is a government agency that makes the restructuring of mortgage loans easier and faster. Lending conditions are simplified in several ways: by reducing interest rates, reducing/dividing the loan balance into parts, etc. You need to contact the Agency together with a bank representative (of the organization that issued the loan), and only if the institutions cooperate. An application for the provision of a particular service to AHML is drawn up in free form by a bank employee. It is advisable to submit an application for participation in the AHML program to the AHML in person - in this way, the borrower can ensure that the document is registered on time in the appropriate journal. If the bank refuses to issue an application in hand, the client can obtain a handwritten sample of the AHML application.

Dom.rf mortgage: conditions and types

It is important to understand that in Dom.rf (AHML) the mortgage interest rate depends on the chosen lending program. Therefore, it is necessary to initially understand the nuances of bank offers in order to get a loan at a favorable rate without overpayments and extra interest. At Dom.rf, the options for obtaining a loan are maximally tailored to certain groups of the population; we will consider each offer.

For those wishing to purchase an apartment in a new building

Purchasing housing in a new building from AIZHIK involves obtaining a loan at a rate of 9.9%. In this case, the maximum loan amount is 30,000,000 rubles. An advantageous offer for those who have long dreamed of an apartment in a new building. The first loan payment is 15-50 percent of the value of the property.

Recommended article: How to pay a mortgage through Sberbank online - step-by-step instructions

Buying a new building with a mortgage: instructions

For apartments on the secondary market

Here the bank has implemented a program for the secondary market, while the mortgage conditions are practically the same as for new buildings. With only one exception – the loan rate starts from 10.25%.

Buying a secondary apartment with a mortgage: step-by-step instructions

Refinancing (recalculation) of the current loan

AHIC proposes to reconsider the existing loan on more favorable terms for the borrower. The loan term is standard – from 3 to 30 years. The interest rate starts from 9.9% and depends on the loan amount, which cannot exceed 85% (in relation to the value of the property). Please note that refinancing for Urban Group real estate takes place under the same conditions.

When is mortgage refinancing beneficial?

For those wishing to purchase real estate using their apartment as collateral

The optimal offer that allows you to buy any housing option today using your existing property as collateral. The program includes houses with lots, townhouses, apartments and apartments of any format. The interest on the loan is 11%. The loan is issued in an amount of up to 60% of the real value of the apartment (owned), and a down payment is not required. The loan is provided for a maximum period of 360 months.

Note! We talked about basic loan offers from the bank (Dom.rf) AIZHIK. Mortgage interest may be increased for certain groups of the population. It is also expected that the rate will be reduced under preferential programs, which we will consider below. The amount of payments depends on the region of residence of the borrower. So, for Moscow, St. Petersburg and the corresponding regions, loans are issued in the amount of up to 30,000,000 rubles. For other participants, the maximum amount is 15,000,000 rubles.

Special options

• Easy bet. The program is in addition to the listed loan options. Using it, you can get a loan without providing a full package of documents at reduced rates.
• Use of maternity capital. Suitable for citizens who have a certificate of benefits. Using the add-on, you can reduce the level of the first payment and increase the total loan amount. Mortgage and maternity capital
• Variable interest rate. It varies depending on the economic situation in the country and is calculated quarterly.

For additional information on the distribution of these options, you can go to the website of the financial institution or contact a bank manager who will tell you the loan conditions for your situation.

How to write an application to AHML

These tips will help both beginners in the mortgage industry and those who have once restructured large loans: 1. You need to write and submit an application for the AHML loan program as early as possible. At best, immediately after you realize that you will not be able to repay the debt in full. Some banks themselves offer to refinance a problem loan, but you should not intentionally wait for this. With mortgage loans, most financial institutions are silent about possible refinancing, because all their risks are covered by real estate, which can be taken away from the debtor. 2. Considering that the application is drawn up in free form, it is recommended to submit it in printed form. But in some situations (one of them is mentioned above), a handwritten version is allowed. 3. To fill out the application, you need to know all the necessary points. A sample application can be found on the official website of the institution, as well as any other information regarding the contents of the paper. Check with the office employee what documents need to be submitted. Each organization has its own lending policy: some require you to provide proof of deterioration in your financial situation, while others only need a copy of your passport and loan agreement.

Required documents

JSC “DOM.RF” will request documents to study your application for a housing loan after filling out the form on the website. Some mortgage programs provide the possibility of approval on two documents. This option is called “Easy Mortgage”, its essence is that you do not need to confirm your income.

To apply for other mortgage loans, you need to take to the bank a copy of your work book or a certificate of registration of an individual entrepreneur, a certificate of income 2-NDFL, and documents for housing.

Pros and cons of cooperation with AHML

The main advantage of AHML mortgage programs is friendly interest rates for any program and focus on clients with different financial capabilities. The disadvantage of such cooperation is the lengthy processing of the application. This is especially inconvenient for those who want to resolve their loan issue in the coming days, rather than wait for half a month. As a conclusion, I would like to add that AHML rarely cooperates with borrowers directly. This only happens in emergency situations. As a rule, the development of events involves communication between the Agency and the bank, drawing up an application to the AHML for assistance (according to the established template).

Mortgage repayment

The loan support agent is PJSC VTB Bank. The borrower is obliged to timely transfer monthly payments to the agency's current account at this bank.

Monthly payments

The fastest and most convenient way to pay for a mortgage at AHML is the VTB Online system. To pay for an AHML mortgage, you must enter into a comprehensive service agreement with the bank. VTB will open a current account for the borrower and issue a card linked to it.

To make a payment, you just need to top up your account with the required amount using ATMs or at a bank office. Next, through the Internet Bank on the website www.vtb24.ru or in the mobile application, the borrower must transfer money from his account to the AHML account.

The agency account can also be replenished through other banks and organizations. However, such intermediaries usually charge a commission for their services.

Conditions for early repayment of mortgage

Early repayment of the loan is made at the request of the borrower. You can submit it through the “Personal Account” on the AHML website (at least 5 working days before the early payment date) or at the VTB Bank office (at least 15 calendar days before the early payment date). In case of partial repayment, the bank, at the choice of the borrower, recalculates the payment schedule towards:

• reducing the term of using the loan;
• reducing the monthly payment amount.

An application is not required if early payment is made at the expense of state support funds (including maternity capital). When these funds are received, the loan term is reduced. If the client wants to choose the second recalculation option, he needs to provide the bank office with information about the method of accounting for the received payment.

If questions arise, the client can ask them directly to agency representatives. On the official website of AHML, in the “contacts” section, the telephone number, email address and fax are indicated. There is also a feedback form there. The answer to a question sent through it usually comes within 24 hours.

You can read reviews about mortgages from AHML on the website banki.ru. According to the popular rating, the agency ranks 37th.

Mortgage AHML

Mortgage AHML. To support the development of housing construction in the Russian Federation, the Government in 1997 created the Agency for Housing Mortgage Lending (“House of the Russian Federation” since March 2018), assisting citizens purchasing housing. It offers family, preferential, social programs for purchasing housing with a mortgage to Russians, regardless of social status, income level, marital status. The agency monitors the state of the country's mortgage market, develops proposals for improvement, and cooperates with credit organizations. It offers new forms of attracting investment in housing construction, promotes the growth of liquidity and stability of this market.

Activities

The House of the Russian Federation operates in the following areas of mortgage lending:

• consulting borrowers;
• developing programs for population groups;
• concluding partnership agreements with banks accepting mortgage payments, with representatives in the regions;
• repurchase of mortgage loans from commercial banks using government funds.

CONDITIONS OF PARTICIPATION IN THE STATE PROGRAM AND REQUIREMENTS

The state support program is not available to all citizens, but only to those who find themselves in difficult life situations. All categories are designated in the Resolution dated August 11, 2017. However, by decision of the interdepartmental commission, the conditions can be revised, but within clearly defined limits.

Important! In accordance with paragraph 7 of Resolution No. 961, by decision of the interdepartmental commission, the amount to be reimbursed can be revised and increased at the request of the creditor bank, but not more than twice. Also, this governing body is able to approve an application from an individual if he does not meet one or two points of the requirements.

In order to become a participant in the program, you must simultaneously meet all the conditions and requirements specified in the law. Their general list looks like this:

1. requirements for borrowers;
2. requirements for the mortgaged property;
3. criteria of the loan agreement;
4. conditions of the borrower's financial condition;
5. requirements for your own real estate.

The conditions for obtaining restructuring are specified in paragraph 8 of Resolution No. 961. Moreover, it is established that the borrower must meet all criteria, with the exception of the permitted deviation of 2 points, which will be analyzed by an interdepartmental commission.

WHO CAN APPLY FOR GOVERNMENT SUPPORT?

The following categories of the population can take advantage of financial support for mortgages from AHML:

• Parents or legal guardians with children under the age of majority.
• Persons with disabilities and parents of disabled children.
• Citizens who took part in hostilities.
• Persons whose guardianship includes dependents under 24 years of age (students, students, graduate students, interns, interns, etc.) studying full-time.
• At the same time, there are a number of conditions regarding the client’s financial condition:
• Reduction in monthly income by at least 30%.
• The total average monthly earnings of the borrower and other members of his family for at least 3 months should not exceed the subsistence minimum in double the amount for each person (monthly mortgage payments are taken into account).

Young families can also participate in the project, subject to conditions. There is also a special state program for this category.

REQUIREMENTS FOR A MORTGAGE AGREEMENT

Not every “problem” loan can be restructured. The state has established special requirements and conditions in this regard:

1. Increase in the monthly payment amount by 30% or more. The first payment and the last one, which was made before submitting the application, are subject to comparison.
2. The lending bank must be a participant in the assistance program.
3. The original mortgage must be at least a year old at the time you apply for assistance. Exceptions are cases when a loan was taken to repay a housing loan received more than 12 months before the date of drawing up the restructuring document.
4. Providing the bank with an application and a complete package of documents.

Paying attention to paragraph 1, we can conclude that for the most part the restructuring program is aimed at foreign currency mortgages. It is under such agreements that it is quite expected that the payment has increased by a third or more, since the US dollar, in the period from 2014 to 2021, has almost doubled in price. This also follows from the restructuring procedure, where among the simultaneous changes to the loan agreement, “change of currency to rubles” is indicated. However, this condition is not directly stated, that is, if the mortgage is in rubles (including the refinancing of a foreign currency mortgage into rubles), it makes sense to submit an application.

In other cases, as a rule, mortgage agreements imply a fixed or decreasing payment and a single interest rate for the entire payment period, which does not meet the requirements. The contribution amount may be changed due to debt restructuring without adjusting the term, variable rate or other factors.

Important! The total amount of credit debt, including arrears, and previous participation in the restructuring of the agreement do not matter. The client interacts with AHML through an intermediary acting as an agent bank to which the initial application is submitted.

WHAT MORTGAGES CAN BE RESTRUCTURED?

Russian legislation has established certain criteria that property acquired using loan funds must meet. These include the following:

• This living space must be the only one owned by an individual and all members of his family (it is assumed that the borrower and another person from his family have a total share of less than 50% in other real estate).
• The purchased property must be located in one of the populated areas of the Russian Federation and serve as collateral for the mortgage.
• The program applies to all types of living space, including those acquired under an equity participation agreement.
• Criteria for the real estate property itself: one-room apartment in an apartment building - up to 45 sq. m. m., if there are two living rooms - up to 65 sq. m., if the room has three or more rooms - up to 85 sq. m. m.
• Price per 1 sq. m. of the secured object should not exceed the average cost of a similar apartment or house on the primary or secondary residential real estate market by more than 60% (for calculations, data from Rosstat of Russia and information from the regional market are used). The listed restrictions do not apply to large families (three or more children).

Features of mortgage refinancing in AHML

When revaluing debt, the borrower enters into an agreement with a credit company. She pays off the unpaid debt and issues a new one to the client on the most favorable terms. The agency's responsibility is to purchase claims from banks. Mortgage refinancing is carried out at a lower interest rate by placing bonds on the Stock Market. This is how the state protects citizens from debt traps, and financial institutions from financial losses that arise due to outstanding debts. To use this service, a number of conditions must be met.

The organization helps borrowers who find themselves in difficult financial situations

Participation in the AHML program

First of all, a borrower who begins to experience difficulties in fulfilling loan obligations should contact the credit institution that issued the mortgage. It is necessary to find out whether this bank is a participant in the government program.

If a satisfactory response is received, the borrower must perform the following actions:

1. Using telephone communication or an online service, you need to find out which bank branch provides services under the AHML program. Most often, these are offices that work with borrowers’ debts.
2. Find out what package of documents must be submitted to the bank to participate in the program.
3. The collected package of documents and application are transferred to the credit institution. The application must indicate the reason why the borrower decided to take advantage of the preferential program.
4. The bank sends the completed package of documents to AHML for consideration. On average, the document verification period is one month. There are situations in which this period can increase to six months.
5. The borrower must be prepared for the fact that AHML may request additional documents for more detailed consideration.
6. If the agency makes an approving decision, the banking organization notifies the debtor and sets a meeting time to sign a new loan agreement.
7. At the final stage, either a new loan agreement or an additional agreement to the existing agreement is signed. In addition, a new monthly payment schedule and a document reflecting the characteristics of the collateral property are signed.
8. The bank is obliged to provide the mortgage that was drawn up when concluding the primary mortgage agreement. Typically, a request to the bank archive takes from 2 to 4 weeks.
9. After completion of all formalities, the package of documents is transferred to Rosreestr for state registration.

Important! Registration with Rosreestr takes 5 working days. This procedure will be the final stage of obtaining a mortgage loan.

Participation in AHML's preferential mortgage lending programs is especially attractive due to its interest rates and focus on categories of citizens with limited financial capabilities. The only drawback is that this procedure can take quite a long time. Borrowers should be aware that they will not be able to solve their credit problems quickly. Therefore, it is necessary to apply for participation in such a program in advance, without waiting for a critical moment.

Reviews about obtaining a mortgage through DOM.RF

Fomina Lidia Mikhailovna:

“We took out a mortgage two years ago from AHML. I liked that you can submit an application via the Internet without running around the offices. Within a month we collected the documents, and after three we were already living in a new apartment. Now we are planning to increase payments in order to pay the bank ahead of schedule. The impression from the employees’ work was good.”

Olieva Tatyana:

Kirillov Andrey:

“I am a military man. I decided to take advantage of a military mortgage through DOM.RF JSC, since the company is state-owned. But I had to run around to collect the necessary documents and certificates. But I am sure that the money owed to me for my years of service will not go to waste.”

How to apply?

The internal rules of VTB 24 do not provide for a separate mortgage restructuring program, but you can apply for it through the bank’s official website. Once you visit the website, you need to select the refinancing tab.

And not restructuring, but refinancing, since both programs follow the same goal - restoring the debtor’s financial position and returning its solvency.

Next, an electronic questionnaire will appear before the client’s eyes, the fields of which will need to be filled out:

1. Last name, first name, patronymic of the borrower, date of birth, place of permanent residence, passport details and contact information;
2. Details of the restructured loan (type - mortgage), amount of the down payment and date of receipt of the loan;
3. Documents confirming income;
4. Employment or lack thereof.

After filling out and sending the application, it will be considered in the general manner, after which the applicant will be called back at the number specified by him or written by email. It is important to take into account that the service will be provided to the borrower only if he has all the required documents.

You can also submit a handwritten or printed application in two copies on white A4 paper, a sample of which is located at the stand at the branch of the financial institution.

Drawing up an application yourself

Many clients prefer to submit an application for restructuring of mortgage debt, drawing it up in any form. This is not prohibited, but you should not load the text of the document with redundant small details.

Even a free application form is drawn up at a bank branch. The text indicates the prevailing circumstances due to which the borrower needed restructuring and solvency decreased.

In order for such a petition to be approved, it is important to indicate really compelling reasons, without emotional overtones, only facts supported by documents. The debtor's credit history must be impeccable and there must be no previous delinquencies.

So, if during the last three months the borrower has not made monthly payments and interest, he will most likely be denied restructuring. However, no one forbids you to try, besides, filing an application is free, and the bank is more interested in the money than in the mortgaged property.

The structure of the application must contain details of the institution to which it is submitted, the name of the document, information about the loan agreement with the terms of the mortgage and the date of the agreement, the grounds for the application, the date of the first delay, and a specific request regarding the option to change the terms of the agreement.

If a refusal is received

Even if, after submitting an application and documents for mortgage restructuring through VTB 24, a refusal was received, you should not immediately panic. This only means that we need to look for other ways to solve the problem. In particular, you should not discard the option of going to court.

However, before this you need to find out the reason for the refusal from the bank. It is likely that it will be completely removable and the request can be submitted again. If everything is done correctly, taking into account the shortcomings of the last time, VTB 24 may approve the request.

If, even after correction, a refusal is received, there are two options:

• Ask for refinancing (on-lending). Apply for another loan to pay off debt in another banking institution, which is possible in many banks even without leaving home, via the Internet;
• Try to get a new loan without refinancing if the balance is not too high.

The best option in a difficult financial situation is government assistance in the form of benefits in the amount of up to six hundred thousand rubles to repay part of the debt. In this case, this means easing the financial burden, reducing the interest rate, and the possibility of deferment for six months.

What else is important to know: Mortgage without a down payment 2018 Saratov, Volgograd, Yekaterinburg - banks, conditions, advantages

Government Resolution 373 on support for mortgage borrowers

In the spring of 2015, a meeting of the Government Commission on Economic Development and Integration was held, the purpose of which was to determine a plan of action and measures to ensure sustainable economic development and social stability of society. As a result of consideration of many global and local issues, the Ministry of Construction of the Russian Federation prepared a Decree of the Government of the Russian Federation dated April 20, 2015, or an “anti-crisis plan”, according to which borrowers with a difficult financial situation and an existing mortgage loan will be able to receive assistance from the state.

This regulatory act provides certain categories of the population with the right to debt restructuring.

The support mechanism used has the following characteristics:

• the duration of the period of assistance to borrowers ranges from 6 months to a year;
• the lender (bank) has the right to compensation for lost profits or losses from borrowers with a difficult financial situation;
• the maximum amount of such compensation cannot exceed 200 thousand rubles.

The program is implemented and financed by the Housing Mortgage Lending Agency. The adopted legislative act contributed to an increase in the authorized capital of AHML to 4.5 billion rubles, which will certainly play only a positive role in the process of providing assistance to problem mortgage holders.

At the moment, support is provided through the restructuring of a mortgage loan, which is carried out through the conclusion between the parties (bank and borrower) of an additional agreement to change the terms of the concluded agreement or through the conclusion of a new agreement in order to fully repay the existing debt.

Features of AHML programs

This program was developed back in 2015. However, there were so many people who wanted to solve their mortgage problems with the help of government support that the budget limit was quickly exhausted. Due to this, the program was temporarily closed.

In 2021, the government introduced new legislative changes to the program and it was successfully relaunched.

Now the program has several features:

• Borrowers who find themselves in a difficult financial situation and cannot repay their mortgage debt on time are given the opportunity to restructure. This allows you to reconsider the terms of the loan agreement. In this case, a new agreement with amended terms or an additional agreement to the old agreement is concluded. The purpose of this program is to reduce the financial burden and provide the borrower with conditions under which he can correctly fulfill debt obligations;
• with the help of state support, you can receive funds for partial repayment of the mortgage in the amount of no more than 30% of the amount, while the nominal amount of funds cannot exceed 1.5 million rubles;
• This procedure is provided by the state once and cannot be repeated.

If budget funds are provided as partial repayment of the mortgage debt, the restructuring procedure is carried out by the credit institution on the following conditions:

• mortgage loans issued in foreign currency are subject to re-issuance only in national monetary units, that is, in rubles;
• the interest rate under the terms of refinancing should be no more than 11.5%;
• writing off part of the debt in an amount not exceeding 1.5 million rubles;
• penalties for unpaid amounts are not assessed, except in situations where this decision is made by the judicial authorities;
• the terms of execution of the loan agreement cannot be reduced without the participation of the borrower.

AHML's mortgage programs are in many ways similar to similar products of other credit institutions, but at the same time they have a number of their own individual features. For example, the interest rate for using a loan will depend on standard factors:

• total loan amount;
• validity period of the mortgage agreement;
• the amount of the down payment;
• the value of real estate serving as collateral;
• availability of issued insurance products.

This indicator may also be influenced by the specific features of the region in which the mortgage loan is issued.

Despite the fact that AHML cooperates with a large number of credit institutions, not all branches can provide the opportunity to participate in the agency’s program. Therefore, before submitting an application, you should find out whether specific banks can provide services under the AHML program.

When applying for AHML services, the borrower should understand that some credit institutions charge fees for working with the agency. This amount is not regulated and is set individually by each banking organization.

Commission interest rates of banking organizations that provide services through the AHML system can vary from 1.5 to 3%. There are banks that do not charge extra payments, but at the same time increase the interest rate on the mortgage loan. All these conditions should be clarified before applying for a loan product.