Matkapital as a down payment. Is it possible to use maternity capital as a down payment

2019-04-26

RedRocketMedia

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Mortgage with maternity capital

According to the rules for channeling maternity capital to improve housing conditions, certificate funds can be used for and (or) for target mortgage loan or loan for the purchase (construction) of housing. While waiting for it to pass three years from the birth or adoption of a 2nd or subsequent child not necessary, but the row must be executed for the order.

In order to use mother capital to pay off a mortgage loan (loan), it is necessary to submit the required documents and an application for disposal to the Pension Fund (PFR). Upon approval of the application, the funds of the certificate will be transferred to the credit institution after 1 month and 10 business days from the moment of application.

Maternity capital can be used to repay 6% if, in the period from January 1, 2018 to December 31, 2022, a second or subsequent child.

Mortgage conditions

Maternal (family) capital (MSK) can be used to pay off a mortgage at any time after the birth (adoption) of a second or subsequent child - wait until 3 years have passed, not necessary. It also does not matter whether the funds are used to pay the down payment or to repay the principal and interest.

To direct mother capital for a mortgage, it is necessary to fulfill a number of conditions:

1. The borrower or co-borrower should not be deprived of the right to MSC.
2. The loan or loan must be target- for the purchase (construction) of housing.
3. A mortgage loan (loan) was issued in an organization that (according to Part 7 of Article 10 of Law No. 256-FZ) is:
   • a bank or credit consumer cooperative (CPC);
   • agricultural credit consumer cooperative (ACCC);
4. A credit institution provides for the possibility of using mother capital when applying for and/or repaying a mortgage.
5. Loan funds within the framework of the “improvement of living conditions” direction are spent on:
   • purchase of a residential property;
   • participation in shared construction;
   • making an entrance (share) contribution to a housing cooperative;
   • construction of an individual housing construction facility.
6. The acquired housing is suitable for living, and the apartment building in which the residential premises are located is not recognized as emergency and does not need to be demolished or reconstructed.

If the mortgage contains a residential building and or a garage place, then the loan agreement should indicate what part of the loan funds was directed to the purchase of the residential premises, since it is its cost that will be repaid by the mother's capital.

If a loan (loan) is taken or was taken to purchase land, then use the MSC to make a down payment or repay it is forbidden.

Which banks issue mortgages for maternity capital?

In 2019, most large banks in the Russian Federation allow the use of mother capital to repay a mortgage loan. Some of them provide for the direction of MSC funds for payment down payment. These lending institutions include:

• Sberbank;
• Promsvyazbank;
• Gazprombank;
• Rosselkhozbank;
• Raiffeisen Bank;
• Bank opening";
• DeltaCredit;
• other.

Some credit institutions set restrictions on the use of mother capital as a down payment: this opportunity is provided not for all mortgage programs and banks may require a certain percentage personal funds(most often 10-15% of the cost of the apartment). The amount of the contribution at the expense of own funds in many cases depends on the method of confirming income (according to the 2NDFL certificate or in the form of a bank).

Can maternity capital be used as a down payment on a mortgage?

According to part 3 of the Decree of the Government No. 862 of the Russian Federation of December 12, 2007, approving the rules for directing family capital to improve housing conditions, certificate funds allowed to use to pay off a home mortgage or loan. However, not all credit institutions agree to provide funds on such terms.

Before you send the MSC to pay the down payment on the mortgage, you must consult with an employee of the selected bank and find out if such an opportunity is provided in the credit institution.

To use mother capital for an initial contribution, you need to contact the bank with a loan application and:

• passport of the borrower (co-borrower, if any) with a registration mark;
• documents confirming income and employment (certificate of salary, copy of work book, etc.);
• maternity capital certificate;
• a certificate of the balance of the mother's capital issued by a branch of the Pension Fund (depending on the conditions of the bank, it can be taken in advance or provided later within a period specified by the credit institution).

If the credit (loan) is approved, must be submitted to the FIU:

• order statement;
• identity card and proof of residence;
• marriage certificate and passport of the spouse, if he is a co-borrower;
• a copy of the loan agreement;
• a copy of the registered mortgage agreement;
• obligation to allocate shares to the spouse and children.

You can contact the FIU using one of the provided ways:

1. In person or through a representative to the FIU department.
2. By sending certified copies of documents by mail.
3. Through the branch of the multifunctional center (MFC).
4. By submitting an electronic application via:
   • personal account of the insured person on the PFR website;
   • single portal of public services.

If the application is submitted electronically, then the remaining documents must be submitted to the Pension Fund branch within the next 5 working days.

The application is being considered by the FIU 1 month. If the order is approved, then the maternity capital will be transferred non-cash within 10 working days from the moment the decision was made.

Maternity capital for mortgage repayment

In order to send the capital capital of the principal debt and interest-bearing debt on a mortgage loan (loan), you need to notify the credit institution of at least in 30 days. According to part 2 of Art. 810 of the Civil Code of the Russian Federation, citizen has the right to early repay a loan or a loan taken at interest, if you notify the lender about this 30 days before the return.

The period for which it is necessary to warn of early repayment, organizations can determine on one's own. Some banks set commission and early repayment of loans.

The following documents must be submitted to the credit institution:

• Application for early repayment of a loan agreement or loan.
• Certificate for maternity capital.
• Owner's passport.

When submitting an application for disposal to the Pension Fund, it is necessary to provide documents from which are necessary for using the MSC for a down payment, however, to they need to add:

• A certificate of the unpaid balance of principal and interest can be obtained when contacting the bank.
• A document confirming the non-cash transfer of credit funds to the account of the certificate holder (his spouse).
• Documents establishing the right to purchased housing:
  • when buying a home and putting a housing construction object into operation - an extract from the USRN on ownership;
  • if the apartment building has not yet been put into operation - a copy of the registered agreement for participation in shared construction;
  • if the funds were used to pay the entrance and (or) share contribution to a housing cooperative - an extract from the register confirming membership in the cooperative.

If the Pension Fund approves the order, then the capital will be transferred to the credit institution within 1 month and 10 working days from the moment of registration of the application with the FIU.

If the mortgage loan has not been paid in full, then the certificate holder will receive a new repayment schedule. As a rule, banks independently decide to reduce the amount of the monthly payment, and not the term of the mortgage.

Preferential mortgage at 6 percent

If a second or subsequent child is born in the family from January 1, 2018 to December 31, 2022, then the parents they have a right arrange (refinance) a mortgage under. The following must also be done conditions:

1. Acquired primary housing (from April 13, 2019, some exceptions apply).
2. Loan amount not more than:
   • 12 million rubles— for the purchase of housing in Moscow, St. Petersburg and their regions;
   • 6 million rubles- for residential premises in other regions of the country.
3. Acquired housing and the life of the borrower insured.
4. 20% of the cost of the residential premises are repaid at the expense of personal funds - maternity capital can be used.
5. The loan will be repaid equal payments every month.

If a mortgage loan was taken before the start of the program (01/01/2018), then it can be refinanced if the main condition is met during the period of its validity - the birth of a second or next child.

On March 28, 2019, Dmitry Medvedev signed Government Decree No. 339, which extends the preferential rate for the entire term of the mortgage. The document entered into force on April 13, 2019.

According to paragraphs. and the resolution, citizens were also given the opportunity to obtain a preferential mortgage for the purchase of residential premises on the secondary market (including with a plot) in the territory of rural settlements of the Far Eastern District.

One of the most urgent for many Russians is the housing issue. The cost of real estate in cities is quite high. If we take into account the average wages of our fellow citizens, then you can save up for decades to buy your own square meters.

One of the best options for buying a home is a mortgage. But in order to get a loan, the borrower must make a down payment. Where can you get them? A young family can use maternity capital as a down payment. Below we will tell you how to do it.

Maternity capital: is it possible to pay an advance payment on a mortgage?

Each bank sets its own requirements for the borrower. But one rule applies to all institutions. In order to buy an apartment on credit, it is necessary to make a mortgage payment of at least 15-20% of the cost of housing. If your own savings are not enough, then this is not a reason to abandon your plans.

To support young families financially, officials approved a number of social payments. In particular, maternity capital. It can also be used as a down payment.

But, there are some problems that a young family may face:

• In order to use this social benefit as a down payment on a mortgage, at least three years must pass from the birth of a child. Capital can be used to repay an existing mortgage loan at any time.

• Not every seller agrees to a deal with maternity capital. After all, he will have to wait until the state transfers the down payment to the account.

Mortgage under maternity capital: all the nuances of the transaction

Have you weighed all the pros and cons well and are 100% sure that you can pay off your mortgage loan on time and without delay? In this case, you can start applying for a loan.

First of all, you need to study the terms of lending in various banks and choose the most advantageous offer. The next step is to provide the documents necessary to make a decision on a possible loan.

This list includes:

• passport:
• maternity capital certificate;
• income statement;
• a document from the FIU confirming that the maternity capital has already been paid to the account.

After the application is approved, a mortgage deal is concluded. It should be noted that the process of obtaining a secured loan is quite complicated. It will take up to 10-14 days to process it.

Review of offers in 2016

The undoubted leader in mortgage lending is the Savings Bank of Russia. More than half of issued housing loans are issued by this financial institution.

A mortgage with maternity capital can be issued on the following conditions:

The minimum loan amount is 300 thousand rubles, and the maximum is 80% of the cost of the purchased housing.

The loan term is 30 years. The minimum down payment is 20%. It can be paid at the expense of maternity capital.

The interest rate depends on the contribution made and the term of the loan. It is 12.5-13.5% per annum. If the borrower does not have a Sberbank salary card, then the rate is increased by 0.5%, and if personal insurance is waived, by 1%.

Borrowers who meet the following requirements can take advantage of this program:

• age from 21 to 75 years;
• total work experience of 12 months, and at the last place of work - 6 months;
• has Russian citizenship;
• stable source of income.

If the mortgage payment is more than 50%, then the client may not provide documents on financial condition and employment.

The mortgage program from Sberbank of Russia has significant advantages:

• Minimum interest rate;
• No hidden fees;
• Individual consideration of the application;
• Transparent lending conditions;
• Favorable conditions for young families.

The only drawback is the lengthy decision-making process (up to five days).

Bank of Moscow offer

In this financial institution, you can also apply for a mortgage with maternity capital. The down payment is 20%. At the same time, the borrower must pay at least 5% from his own savings, and 15% from his mother's.

Interest rate - from 11.65% per annum. If the client wants to receive a decision on the application as soon as possible and cannot provide documents on financial condition, then the Bank of Moscow offers a unique offer - the absence of formalities.

The financial institution is ready to consider the application in one day on the basis of only two documents. But for such loyalty, the bank raises the interest rate by 0.5%.

As we can see, there is still a chance to get a mortgage, even without money for an advance payment. Do not miss it and become the owner of your own square meters.

What do you think we should expect or not?

The maternity certificate has become the most effective way to ease the burden of mortgages for families with children. Such effective assistance from the state has been coming since 2007 and for 2018 the amount of maternity capital is 453,026 rubles.

This amount, according to the law, can be spent on improving housing conditions (including mortgages), on the education of the child, the social adaptation of a disabled child and on the mother's pension. The purpose of this article is to discuss the issue of using maternity capital for a down payment on a mortgage.

You can spend maternity capital on a down payment on a mortgage, even if the child is less than 3 years old

May 23, 2015 President of the Russian Federation V.V. Putin signed Federal Law No. 131-FZ “On Amendments to Articles 7 and 10 of the Federal Law “On Additional Measures of State Support for Families with Children”, which since its signing allowed to spend maternity capital on a down payment on a mortgage . Recall that earlier, it was allowed to use capital for the first installment only when the child turned 3 years old. This information is also available on the website of the Pension Fund of the Russian Federation.

Before you go to the bank and start the mortgage procedure, spouses should remember a few important points:

• First you need to have a certificate in hand, and only then apply for a mortgage;
• Meet the basic requirements for income sufficient to service the mortgage. At the same time, even when using maternity capital, it is not forbidden to attract co-borrowers.
• It is forbidden to use maternity capital when buying real estate on land whose status is not individual housing construction.

What amount of a mortgage loan should a family expect, taking into account the right to use maternity capital? The bank calculates a possible loan, taking into account the joint income of the spouses (as well as co-borrowers, if necessary), and then adding the amount of maternity capital to this amount. In addition, when paying with capital as a down payment, its value is reduced by the amount of maternity capital.

Example: a family, based on income, has the opportunity to receive a mortgage loan in the amount of 2 million rubles, in addition, 30% will be the down payment, i.e. 600 thousand rubles. Thus, the bank will be able to give a loan in the amount of 2 million + 453 thousand = 2.453 million rubles, and the client needs to make a down payment of 600 - 453 = 147 thousand. rubles. It turns out that maternity capital increases the possible loan amount, and at the same time they pay the first installment.

What apartment can you buy? There are no legal restrictions here. You can buy an apartment both on the secondary market and in a new building. In the latter case, the bank may require an equity participation agreement.

How it works in practice

1. You must choose a bank that issues a mortgage using maternity capital. He should provide a set of necessary certificates, such as: identity documents; income statements; maternity capital certificate; family documents. In the case when the mortgage is issued to the husband - a marriage certificate.
2. After reviewing all the certificates and calculating the possible loan amount, the bank issues a confirmation letter to the client, which is valid for 6 months. Simultaneously with the campaign, the bank can immediately apply to the Pension Fund with an application for the transfer of maternity capital on account of a future mortgage.
3. After the Pension Fund confirms its consent to the use of maternity capital in the form of another application, the client again goes to the bank with it.
4. After the sale and purchase transaction, the client again goes to the Pension Fund, this time with an application for the transfer of maternity capital, now providing a complete list of documents, such as: loan and mortgage agreements, a certificate of ownership, a written certified obligation to allocate within 6 months from the moment the encumbrance is removed from the housing shares in it to all family members, including children.

It is worth noting the following point.

In order to be able to use maternity capital, the bank will require from the client documents on the ownership of the acquired real estate, i.e. the documents that are on hand after purchase and sale transactions. And at the same time, in order to complete the transaction, the client needs a bank mortgage loan.

Is there a vicious circle? Banks use the following method for this - they issue 2 loans to the client at once, one of them is standard, for most of the apartment being bought, and the second for the initial loan. Therefore, until the pension fund transfers maternity capital funds to the bank's current account (as a rule, within 3 months), you will have to repay the second loan from your own strength. At what rates and conditions a second short-term loan is issued against future repayment by maternity capital - all this must be clarified directly with the bank itself. It should also be remembered that the Pension Fund of the Russian Federation may be refused to transfer funds to a bank account. These cases are rare, and are more often associated with the inattention of the applicant, inaccurate certificates.

Therefore, you should calculate your strength in advance as soon as the bank approves the issuance of a loan, because assistance from maternity capital can be “dragged out” in time.

As you can see, you will have to run a lot and collect a lot of papers, but your own housing and help in the amount of 453 thousand rubles is worth it. With the change in legislation, it is hoped that many more families will take advantage of state assistance in the form of maternity capital, including to pay off the down payment on a mortgage.

Which banks accept maternity capital to pay the down payment

In fact, banks do not care whether you use maternity capital or not. After all, the government pays for it. The only catch might be that the times are greatly increased when a certificate is used. Therefore, not all banks are willing to cooperate with such clients to obtain mortgage loans. Here is a list of some banks where you can use maternity capital to pay the first installment on a mortgage:

• Sberbank;
• VTB 24;
• UniCredit Bank;
• VTB Bank of Moscow;
• DeltaCredit;
• and several smaller banks.

The inability to make a down payment on a mortgage is the main obstacle that prevents young people in our country from acquiring housing. However, now, at the birth or adoption of a second child, parents can apply for a housing loan by making maternity capital as a down payment. This is perhaps the most popular use of a government subsidy.

Using maternity capital as a down payment on a mortgage

Maternity capital funds can be used to improve the living conditions of the family. They can be used to pay off an existing mortgage loan or made as a down payment, without raising your own funds.

The inability to make a down payment to buy a home on a mortgage is the main problem that young families face when applying to a bank. Now many solve it with the help of maternity capital.

The state will make maternity capital funds as a down payment, while the rest will be paid by the borrowers themselves. Money from the state budget will be used only to pay off the principal and interest on the mortgage, fines and penalties cannot be paid off with these funds.

The main condition for the repayment of the loan by mother capital is the acquisition of a well-appointed living quarters. It can be both secondary and housing under construction in Russia. You can also purchase a detached residential building with a plot - the main thing is that the price of land does not exceed the cost of the building.

The purchased property is pledged to the creditor bank until the mortgage loan is repaid, which is confirmed by the mortgage on it. This means that you will not be able to sell, donate or make another transaction without the consent of the pledgee.

The main condition that the Pension Fund imposes on the transaction being made is the registration of a share of ownership of children in the acquired residential property.

You will need to draw up a notarized statement with an obligation to allocate a share after the mortgage loan is repaid, otherwise the funds will not be transferred to the bank.

Which banks work with maternity capital?

Not all banks are ready to work with maternity capital, mainly large reputable credit organizations decide to do this. Before applying for a loan, be sure to consult with the bank about the possibility of using mother capital as a down payment and receive the certificate itself at the FIU.

Select offers from several banks that are ready to accept mother capital, and analyze their offers for profitability for you as a borrower. Pay attention to the following points:

Be prepared for the fact that the spouse will necessarily be a co-borrower on this loan. The fact is that not only property, but also debts are divided equally between the spouses. The exception is the marriage contract concluded between the spouses with the clauses written in it regarding the ownership of property and the division of debt obligations. This paper will be needed when obtaining a mortgage, if it was previously signed by a notary.

The bank will consider the solvency, reliability of not only the main borrower, but also his spouse. It will check:

All of these factors will play a decisive role in deciding on your application. Some banks are more loyal, but this will inevitably affect the interest rate in the direction of its increase.

Sberbank

Sberbank is the most popular credit institution where you can take a mortgage under maternity capital. However, you need to understand that the requirements that apply to the borrower are quite strict. Bad credit history, criminal record, etc. will become an obstacle to getting a positive response from the bank.

It is possible to single out the main conditions for obtaining a loan from Sberbank with the involvement of maternity capital:

VTB 24 (PJSC)

Also a popular bank among owners of certificates for mother capital. Young families often turn to it to use maternity capital as a down payment.

Conditions offered by VTB 24 when applying for a mortgage:

• the maximum loan term is 50 years;
• minimum initial payment from 10%;
• average rate 10.4-14.95% per annum;
• the use of mother capital is allowed after the child reaches 3 years of age.

Other banks

In addition to VTB 24 and Sberbank, other banks also accept maternity capital certificates. These include:

• DeltaCredit Bank, it issues mortgages from 8.75%, while the first installment can be only 5% of the cost of housing, the loan term is up to 25 years;
• Bank of Moscow: average interest rate 12.45-13.95% per annum, maximum loan term 50 years;
• Raiffeisen Bank: rate from 10.9% per annum, mortgage term up to 25 years.

Before choosing any bank, make a calculation in the online calculator on the bank's website or go to the branch of the financial institution where you plan to get a mortgage. Compare how much you have to pay monthly and what is the amount of overpayment for the entire loan term in different banks.

What documents are required?

To apply, ask the bank staff what documents you need to provide. Take all original papers. Usually the package of papers is standard:

• passports of both spouses;
• Marriage certificate;
• birth certificates of children;
• certificate for mother capital;
• certificate from the Pension Fund on the balance of maternity capital;
• documents on your income (certificate of employment 2-NDFL or in the form of a bank, tax return for individual entrepreneurs, certificate of pension from the PFR);
• employment documents (certified copy of the work book, individual entrepreneur documents, agency agreement, etc.).

Sample certificate of income in the form of Sberbank:

Sample certificate of the amount of pension:

After the bank makes a positive decision regarding borrowers, it is necessary to collect papers for the purchased property, since the bank will definitely assess the riskiness of the transaction. The bank simply will not let suspicious transactions pass, since in case of non-payment of the loan, the apartment or house must be sold to pay off the debt.

You will need to provide copies of the following documents:

Registration procedure

First of all, find out what requirements the creditor bank and the Pension Fund impose on the purchased housing, what are the conditions of the mortgage. Realistically evaluate your financial capabilities and offers of the real estate market.

After that, you can apply for a loan. The procedure for obtaining it is as follows:

Application for the transfer of maternity capital funds:

The first one and a half to two months during the period when your application for the transfer of funds to repay the mortgage is considered by the FIU, you will have to pay a monthly payment in a larger amount for using the entire loan amount. Then go to the bank and find out if the funds were transferred and how much you now need to pay on the mortgage.

Is it possible to use maternity capital for a mortgage before the child reaches 3 years old?

According to the law, it is possible to use maternity capital to pay off the mortgage without waiting for the child to turn 3 years old. This is regulated by Federal Law No. 131-FZ of May 23, 2015 and Federal Law No. 256-FZ of December 29, 2006 (as amended on December 28, 2017) “On Additional Measures of State Support for Families with Children.” However, banks have the right, at their discretion, to set some restrictions and not issue a loan until the age of 3 years.

The appearance of a second child in a family often requires moving to a new house with a larger living space. It can be bought using a mortgage loan and using financial assistance from the state.

We will tell you how maternity capital could be used as a down payment on a mortgage in 2018, what procedure you need to go through.

You will find out in which banks loans for residential real estate under maternity capital are available, and under what conditions you can use the payment of a mortgage with maternity capital.

Maternity capital is allocated to a family of Russians in which a second child has appeared, according to the law of December 29, 2006 No. 256-FZ.

Financial assistance is not issued in cash - in the Pension Fund of the Russian Federation, which acts as a manager of funds, you can only get a certificate for materiel in your hands. State assistance was indexed annually and in 2017 reached the amount of 453 thousand rubles.

The above law allows this money to be used for one or more of 4 purposes:

1. payment for the child's education;
2. social adaptation of disabled children;
3. the funded part of the mother's future pension;
4. improving the living conditions of children.

Changes made by law dated May 23, 2015 No. 131-FZ, allow families with two or more children to spend maternity capital as a down payment on a mortgage. Previously, only the repayment of a part of the debt on an already received mortgage loan was allowed.

Important: Cashing out mother's capital is illegal. A person who is going to apply to a bank for a loan to buy a home should notify the Pension Fund six months in advance, since the department plans payments only twice a year.

Both for the creditor bank and for the manager of the PF funds, the borrower will have to collect numerous documents to repay the mortgage with maternity capital.

Requirements for using mother capital

To take a mortgage with maternity capital payment, the borrower and his family must meet the following requirements:

• a stable income that allows you to make monthly payments, which is easy to document;
• as a rule, work experience of at least 6 months at the current place of work and at least a year of work experience over the past 5 years;
• positive credit history;
• the presence of the full amount of mother capital funds - if it is partially used, it is impossible to send the rest of the money for the down payment;
• certificate for mother capital "on hand";
• lack of other housing in the possession of the family.

Please note that in order to increase the amount of verified income, a person taking a mortgage loan has the right to attract co-borrowers, regardless of the source of funds for the initial payment.

Documents for repaying a mortgage with maternity capital

Let's move on to documenting how you can offset maternity capital in a mortgage. The documents that will be required to repay the mortgage with maternity capital and are used for transfer to the creditor bank and the Pension Fund of the Russian Federation consist of the following standard list:

• 1 or 2 identity documents;
• marriage certificate (in case of obtaining a loan by the spouse of the mother capital owner);
• documents proving solvency;
• certificate for mother capital;
• a certificate from the Pension Fund of the Russian Federation on the funds of the mother's capital in the person's account;
• documents on the acquired real estate object (lists of papers differ depending on the type of acquisition - square meters in a new building, an apartment in a "secondary", a private house, etc.).

Important: if a private house is bought with a mortgage, a document is required for the plot, which indicates that the land is allocated for individual housing construction. Attracting mother capital when buying a dacha or other building that is not recognized as residential premises is not allowed.

The exact list of documents should be clarified with a bank specialist. Moreover, any credit organization reserves the right to ask the client for additional papers.

To the branch of the Pension Fund of the Russian Federation you need to submit:

• statement;
• passport;
• confirmation letter of intent to spend maternity capital on the purchase of housing (must be taken from the bank);
• marriage certificate (in the above case);
• property papers.

FIU specialists may also require additional paperwork.

The procedure for taking a mortgage under maternity capital

1. Obtaining a mortgage loan with maternity capital as an initial contribution begins with the choice of a banking organization offering such a loan program.
2. Having considered the documents proving the identity of the client (the identity of the co-borrowers) and the composition of his family and confirming income, the credit institution approves the loan and gives the client an appropriate confirmation letter.
3. With this letter, you must immediately come to the Pension Fund branch and submit an application.
4. Having received the written consent of the PF to use the mother's capital, you need to go to the bank again. There, the client signs a loan agreement and receives borrowed funds.
5. The borrower enters into a purchase and sale transaction or a share agreement.
6. The borrower again goes to the Pension Fund and submits the documents indicated above for maternity capital in a mortgage.
7. The Fund pays the money to the bank within three months.

Important: when obtaining a mortgage loan, the client is waiting for "pitfalls" associated with the fact that the mother's capital is transferred to the lender not at the time the loan is issued.

In order not to give a mortgage without a down payment, banks provide the borrower with two loans:

1. mortgage;
2. in the amount of the initial payment for a period of 3 months.

And until the mortgage is repaid with maternity capital transferred from the PF, the client is forced to service the second loan at his own expense.

The terms of this loan, including the main thing - the interest rate - should be found out directly from the banking organization.

Which banks accept mortgage payments with maternity capital

The undoubted advantage of lending under maternity capital is that the interest on a mortgage is not at all higher than when paying the first installment with other funds.

The disadvantages include the fact that only a few credit institutions agree to accept matkapital as a down payment. But among these few are the largest banks in Russia, including those represented in all regions and even regional centers, offering mortgages at low rates.

Sberbank

The country's largest lender allows the payment of the first installment on a mortgage by maternity capital, both when buying finished housing and under construction.

Sberbank offers mortgage loans with the following benefits:

• special conditions for "salary" clients;
• reduced rate for young families (during the promotion period);
• no commissions (for issuing a loan and others).

Please note: quite recently, the bank introduced a new option - electronic registration of the transaction, which gives a 0.5% discount on the interest rate.

For a young family applying for electronic registration, the mortgage rate on secondary housing will be only 10.25%.

The unified base mortgage rate for an apartment in an accredited new building is 10.9%, with electronic registration - 10.4%.

Loan term - up to 30 years.

The minimum initial deposit is 20%.

VTB 24

A mortgage under maternity capital at VTB 24 is available when buying a home on the primary market or second-hand housing.

Basic conditions:

• base rate - 10.9-11.25%;
• loan amount - 0.6-60 million rubles;
• term - up to 30 years;
• min. down payment - 10%;
• compulsory comprehensive insurance (property, title, life and health of the borrower).

The rate is reduced by 1% when buying an apartment with an area of ​​65 sq. m.

VTB Bank of Moscow

Another large organization from the VTB group gives a mortgage with a down payment of 10%.

Please note: VTB Bank of Moscow requires you to deposit at least 5% of the value of the purchased property with your own money.

The loan rate is from 10.4%. The term is up to 25 years.

The lender attracts with a whole range of promotions and discounts on apartments in new buildings from developer partners, offering living spaces in “thousands of accredited new buildings”.

DeltaCredit

DeltaCredit provides loans for the purchase of:

• own separate house;
• apartments;
• rooms;
• shares in the apartment.

When paying with maternity capital, the initial contribution is reduced by 10% compared to the standard rules.

The Bank practices a number of special programs that allow you to receive a reduced interest rate.

The maximum mortgage term is 25 years.

UniCredit Bank

UniCredit Bank gives mortgages for up to 30 years with a down payment of at least 15% for both "secondary" and housing from the developer, as well as for individual construction of your own home.

The maximum loan amount depends on the amount of the first installment and the region - Moscow and St. Petersburg or another.

The minimum interest rate is 10.9%.

Important nuances

A bank client who takes a mortgage loan under maternity capital has the right to count on an increase in the loan amount. To the amount calculated based on the confirmed average income, the lender will add the amount of the mother's capital. But if it is not enough for the down payment, you will either have to find additional funds, or take an amount less than the maximum.

When comparing the conditions of banks, you should pay attention to promotions and special offers. So, the lender with the developer sometimes even offer "doubling the maternity capital."

When registering a mortgaged dwelling as a property, the borrower is obliged to register all family members and persons equivalent to them as owners who own the property in equal shares.

When you first contact the bank office, you need to ask again whether the organization will agree to lend under the mother capital for the acquisition of exactly the type of real estate that the family plans to buy. For example, if it is decided to purchase an apartment in a specific new building, clarify whether only a “secondary” or only an accredited new building is credited under the mother capital.

In our next article, you are about the possibility of a mortgage with the help of the state with the lowest percentage: the AHML program.

Conclusion

Making a mortgage loan with a down payment at the expense of maternity capital is a long and complicated procedure that requires the collection of a large number of papers and considerable patience, while at the same time not making the bank check the borrower more loyal.

But the best use of state aid of 453 thousand rubles, obtaining a loan for housing without spending your own money on a down payment at a low interest rate, and most importantly, acquiring your own home justifies all efforts, moral costs and even waste of time.