Every family wants to create comfortable living conditions for their children: huddling together in a rented odnushka is certainly fun, but definitely uncomfortable ... And if earlier a mortgage was only in my thoughts, then with the receipt of a mother's certificate, the solution of the issue became closer.
Young families with small children have enough troubles and expenses - it is very problematic to save and save. So what to do? After all, for a mortgage you need 15-20% for the first installment. And that's not necessary! We will talk about how to use maternity capital as a down payment on a mortgage.
Program " Maternal capital» does not prohibit sending certificate funds as a down payment on a mortgage. However, banks working with maternity capital are in no hurry to distribute money for a certificate. The old scheme is more reliable - if the family has accumulated 15-20% of the cost of the apartment, then the loan will pull. The exception is banks that can afford the increased risk.
Banks that accept maternity capital on a mortgage, like an initial fee:
Note! The name of the program "mortgage plus maternity capital" does not guarantee that the bank will accept the certificate as a down payment! Only the banks listed above will be able to consider borrowers without cash.
So that you can use maternal funds according to the planned scheme, you need to:
Be prepared for the fact that the purchase of an apartment on a mortgage using a certificate as an entry fee can take 3-4 months.
Firstly, when using a certificate in the PV (in 2017 = 480,000 rubles), the maximum available amount will be 2.4 million rubles, since under the program you must cover at least 20% of the cost of housing. If you like an apartment of a higher value, you will have to add your own savings.
The loan term will be standard - up to 30 years.
Interest rates do not differ from the standard ones for the program using financial capital. The only caveat is that you will not be able to use promotional offers. Base rates only.
For example, consider the interest rates of Sberbank (Program - the purchase of finished housing):
In total, on average, you will receive a mortgage at 13% (the base rates do not include a 0.5% surcharge for the fact that the property was built without the participation of funds from PJSC Sberbank).
According to the current legislation of our country, the owner of the certificate for mother capital has the right to take targeted housing loan or a loan or home purchase. Upon application to the PFR, state support funds are sent in payment of borrowed money.
The main advantage of this targeted investment is that only in this case, the maternity capital for housing can be disposed of immediately after the right to it appears,. This condition applies to both payments for already and for the down payment for a new loan.
Some credit organizations offer borrowers special programs and options for mortgage lending using family capital at a reduced rate.
In accordance with Decree of the Government of the Russian Federation No. 862 of December 12, 2007, one of the possible ways to use materiel funds is the construction or purchase of housing. If these procedures are carried out with the help of credit funds, then money from family capital by bank transfer may be listed by the organization that provided the loan or.
To date, state support funds can be directed to the following purposes:
Certificate funds can only be spent on the targeted loans , i.e. which are issued for the purchase or construction of housing. A loan agreement (loan agreement) can be concluded both before the family has the right to state support funds, and after that. At the same time, not only the owner, but also her (his) spouse has the right to participate in the transaction.
The law prohibits the use of funds from mat. capital to pay fines, penalties or commissions under loan agreements. The purpose of the transfer of funds is indicated in the application for disposal to the FIU and is confirmed by the relevant documents.
Maternity capital for the repayment of a previously taken mortgage can be used after contacting the FIU with an appropriate application. The money will be transferred from the account of the Pension Fund to the account of the organization whose housing is pledged.
Mortgage repayment maternity capital occurs in several stages:
If the family already had a mortgage loan before the birth of the second child, then with the emergence of the right to maternity capital, the family can contribute funds provided by the state as early payment.
Maternity capital for repayment mortgage loan, is transferred by the PFR to the bank account after the submission of the documents specified in clauses 6 and 13 of Government Decree No. 862 of December 12, 2007. This list includes:
The following documents are being submitted depending on the purpose of the loan and needed to confirm intended use of funds state support:
In 2015, the restriction on the use of maternity capital as a down payment was lifted ( the federal law No. 131-FZ of May 23, 2015 and Decree of the Government of the Russian Federation No. 950 of September 9, 2015). Now, formally, you can not wait until the child is 3 years old, but put the allocated funds into action right away, i.e. allocate capital for home loan down payment.
Of course, this would be good financial support for families who decide to take out a mortgage, if not technical difficulties faced by certificate holders, since in practice there are many nuances that are not taken into account in regulatory documents.
In this regard, this issue is not without difficulties for borrowers, especially when it comes to mortgages with state support. It is important to understand that when directing capital for a down payment, loan rate increases, because at the same time, there is no opportunity to take a mortgage loan with state support at the minimum rate. For example:
For young families, the most pressing issue is the ability to direct family capital funds on a down payment without adding your own savings. This is possible if the maternity capital covers the requirements of the bank in terms of the amount of the down payment - as a rule, from 10 to 20% from the cost of the purchased housing. If the capital does not cover this amount, then you will need to deposit your own funds up to the required amount. Or you can use reduced down payment programs, but it must be taken into account that lending rates usually higher in this case.
Quite often, adding own funds is prerequisite for creditors. Their amount is equal to 5-10% of the cost of purchased housing in excess of the amount of maternity capital. The availability of own funds from a potential borrower is one of the proofs of solvency for the bank.
Depending on the acquired property, for which a housing loan was issued, package of documents is collected according to the general list, after which it is submitted to the FIU:
In addition, it is necessary to apply additional package of papers:
Compared to other types of targeted allocation of funds, a mortgage under maternity capital has an undeniable advantage: a family has the right to take out a loan for housing, from the date of birth (adoption) of a second or subsequent child.
This opportunity will come in handy especially for those who already have a previously taken housing loan.
It is worth taking into account that for children born (adopted) until December 31, 2018, and it will be possible to use funds on it after this date. However, in the current economic situation in the country and due to the abolition of indexation of mother capital until 2020, money from issued certificates continues to significantly depreciate. Perhaps the parents it's worth hurrying and find an option to invest the funds provided under the certificate as soon as possible. In this case, for many families, a mortgage may be the only possible solution.
Which banks give mortgages for maternity capital
Many financial institutions have offers for those who want to manage state support funds. In 2017, the following banks issue mortgages for maternity (family) capital:
Today, almost every website of a credit organization has mortgage calculator. When calculating a mortgage, you should calculate monthly payments for 10, 15, 20 or 30 years.
Due to the nature of principal and interest payments, extending the term often does not significantly reduce the amount of funds that must be deposited each month. Most likely, payments for a 15- and 20-year period will not differ significantly.
Through selectivity and screening of potential borrowers, fairly loyal. On the website of the organization, the conditions for registration and the features of paying for a mortgage loan are specified in great detail, as well as tips on how to get a mortgage under matapital, how to remove the encumbrance from housing, etc.
Program conditions "Mortgage plus maternity capital" from Sberbank in 2017:
Before clearance home loan the bank requires confirmation of the solvency of the borrower (certificate 2-NDFL or in the form of a bank), state and certificate from the Pension Fund of the Russian Federation on the balance of maternity capital.
Another fairly popular bank among borrowers is VTB. The site of this bank is not very user-friendly, like the site of Sberbank, and contains less information that would be very useful to future borrowers. Therefore, for information of interest, it is better to contact the nearest branch of a credit institution directly.
Can only be used to repay an earlier loan(no down payment). However, this credit institution also offers state-supported mortgages.
For a mortgage under family capital in VTB-24, the conditions in 2017 are as follows:
You should apply to the FIU for the direction of mother capital funds for a mortgage after signing an agreement with the bank.
The Agency for Housing Mortgage Lending (AHML) not only refinances already issued loans, but also provides state-supported mortgages with very favorable terms.
Within the product "Mortgage with state support" AHML provides the “Maternity capital” option, according to which family capital is taken into account when applying for a loan on special conditions:
When using family capital funds, the interest rate can be:
To use the subsidy as a down payment on a mortgage, you need to take a certificate from the Pension Fund office on the amount of the remaining funds, apply for a loan, with loan documents and a certificate for mother capital, contact the Pension Fund branch to transfer funds to the bank.
On May 23, 2015, Law No. 131-FZ entered into force. It makes it possible to direct maternity capital funds for a down payment on a mortgage before the child turns 3 years old.
To direct family capital to a down payment on a mortgage, you need to consistently go through the following steps:
The package of documents required to obtain a certificate is submitted to the territorial body of the Pension Fund of Russia (hereinafter referred to as UPFR) at the place of residence (stay) or actual residence or in the MFC (). You can enter data on documents and write an application in personal account on the State Services website. Required documents:
Consideration lasts one month from the date of submission. Then you will receive a notification by mail that the certificate is ready, and you can pick it up.
The indexation of maternity capital has been discontinued until 2020. If it is renewed, the amount of the subsidy will change automatically, there is no need to change the form.
Maternity capital is a benefit that cannot be received with “live” money. All calculations are carried out in non-cash form.
Any schemes for cashing out mother's capital are fraudulent and fall under Article 159.2 of the Criminal Code of the Russian Federation, according to which the convict faces a fine of 120 thousand rubles or in the amount of the person's earnings for one year. Either 360 hours of compulsory work, or 1 year of corrective labor, or a suspended sentence of up to 2 years, or arrest for 4 months.
Legally from matkapital it was allowed. If such a payment was made, the remaining funds can no longer be used as a down payment. Therefore, before submitting documents to the bank, you need to take a certificate from the UPFR stating that no money was issued from the mother's capital.
In 2017, cash payments from maternity (family) capital are not made.
Most banks work with maternity capital, but not all accept a subsidy as a down payment. Due to the fact that large credit organizations issue mortgages against maternity capital, families will have no problems finding a lender.
Table 1. Summary of comparative information for credit institutions
| Name of the bank | Interest rate | Special conditions |
| DeltaCredit | From 11.5% | Owners of matkapital down payment from 5%. Possibility to reduce the interest rate by making an additional deposit of 1-4% of the loan amount. |
| From 10.75% | When registering electronically as part of the Campaign for Young Families from 9.75% | |
| From 12% | You can use the subsidy only when the child turns 3 years old. | |
| Rosselkhozbank | From 10.75% | Matkapital must be at least 10% of the cost when buying a home in the secondary market and 20% in the primary. |
| Bank of Moscow | From 10% | Maternity capital should be no more than 15% of the cost of housing. Mandatory availability of own funds in the amount of 5% of the property value |
If the bank that receives wages one of the borrowers accepts mother capital as a down payment, then it is better to apply there first to get a mortgage. The person in this case is a payroll client and can count on preferential terms lending.
So, the bank is selected. Now you need to prepare the necessary papers. You can apply for a loan:
Author: . Higher legal education: Northwestern Branch Russian Academy Justice (St. Petersburg) Work experience since 2010. Contract law, tax advice and accounting, representation of interests in state bodies, banks, notaries.
July 8, 2017 .
Only a few young families manage to independently purchase their own housing, which would correspond to their wishes, with money set aside from their salary. Of course, this can be the help of relatives, their accumulated money, but the most common type of funds is mortgage lending. The state is interested in young families receiving separate housing, so it has developed a whole system of support for young families.
Today, maternity capital is a significant help for families with two or more children. The program has been running since 2007. It can be spent on expanding living space, including paying off part of the debt for mortgage lending, spend on paying for the services of a higher educational institution or mom's pension. The most common use of such assistance for Russian families is the first option. After the President signed in May 2015 FZ-131 mat. capital as a down payment on a mortgage can be used regardless of the age of birth or adoption of a second child. Since the action of this type of state. support, the rules for the use of such assistance are increasingly expanding. Previously, without waiting for the child to turn 3 years old, it was possible to use only handicapped such a certificate.
View in question state support involves obtaining a non-cash certificate, which is not exchangeable and can be used by the family only in certain cases. Since 2016, the right to contribute maternity capital as a down payment on a mortgage has been legally enforceable. The basis is Federal Law No. 131 dated May 23, 2015 .
If we talk about general rules, then the maternity capital can be used both as an initial contribution and as a repayment of the main credit debt. This is a great opportunity for a young family to reduce the financial burden and pay off the mortgage a little faster than the payment schedule suggests.
Unfortunately, this is not possible without difficulties. Not every banking organization easily arranges a mortgage with maternity capital. But there are also banks that draw up such transactions, providing profitable programs. As a rule, today in many organizations maximum size is 14%.
In the event that the family plans to use maternity capital as a down payment on a mortgage, borrowers must meet all the requirements banking organization. In most cases, the requirements for obtaining such a loan are practically no different from a regular consumer loan:
1. Candidates must have permanent place work and seniority at least half a year. Some banks present as a mandatory requirement - at least a year for the last 5 years.
2. Previously, to calculate the mortgage offer, banking organizations took into account only the legal, confirmed income of the borrower. The "gray" salary could only act as a secondary income, but most often they did not pay attention to it. And until now, large organizations work according to this scheme. But there is a lot of competition among financial institutions can benefit borrowers. Some banks take into account any income of a potential borrower, including unofficial ones. It is necessary to learn about the features of these conditions from the employees of the organization during the consultation process. Sometimes it is the indication of this amount that becomes decisive when approving a mortgage.
3. Lack of registered real estate in the property. This condition is valid only for those who wish to apply for a mortgage on preferential programs subsidized by the state.
4. When repayment of a mortgage by maternity capital is used, the allocation of shares to children is mandatory.
5. In order to get the opportunity to become the owner of a mortgage under the social program, the borrower must have a positive credit history.
Before initiating the procedure for transferring funds from a family certificate to repay a housing loan, you must go to the Pension Fund and receive this very certificate, which will be an official confirmation of this right.
When the certificate is in hand, future borrowers must decide which banking organization they will cooperate with and where to apply. It is best to visit several banking organizations and calculate the mortgage with maternity capital for all available programs. Only after a thorough analysis of the proposed loan terms (interest rate, pre-approved amount, additional insurance etc.) you can apply for registration.
Today, there is no need to wait until the child, after the birth of which the family received the right to a mother's certificate, turns 3 years old. If it is necessary to use the funds of the certificate, the owner (i.e., the mother of children) must contact the territorial office of the Pension Fund of the Russian Federation with an appropriate application and a package of documents.
In order to use the funds of the certificate to fulfill your debt obligations, you will need a certain package of documents. Additional requirements may apply depending on the organization selected. But, as a rule, most banks ask for the following documents to repay the mortgage with maternity capital:
It is important to understand that a mortgage using maternity capital is not a quick procedure. Especially if the buyer does not use the services of real estate agencies and draws up a deal on his own.
After the bank has been provided with all the documents, statements and other requested documents, you need to go to the Pension Fund and provide them with some papers. As a rule, this is:
Any financial institution is interested in drawing up as many agreements on large loans as possible. These include mortgages under maternity capital. Banks, as practice shows, have different attitudes to obtaining a loan that involves accounting for family capital. Therefore, before deciding to use the mat. capital as a down payment on a mortgage, it is worth studying the conditions financial institutions. Experts recommend first of all to turn to large organizations that are very popular among borrowers.
Perhaps this is the same bank that is ready to provide a mortgage on housing, regardless of its category. So, each borrower can draw up an agreement for the purchase of secondary housing, a private house or an apartment in a new building. Mortgage under maternity capital is also possible here. The main requirement of the bank is the mandatory transfer of certificate funds within six months after the conclusion of the transaction.
Official Terms:
The second most popular bank with which borrowers cooperate when applying for a mortgage. The contract can be concluded absolutely for any housing, regardless of its category. That is, it can be private ownership, secondary housing, new building. For the bank, this factor is not decisive. Mortgages under maternity capital are also available here. The main conditions for concluding an agreement with VTB 24:
If you want to apply for a mortgage at Delta Credit Bank, you need to remember that registration is possible only for primary and secondary housing. Transfer of funds from the moment of conclusion of the contract is possible within a year from the date of signing.
Conditions under which you can apply for a mortgage using family capital:
As a rule, not every bank provides information about what the size of the down payment will be. Each family wants to understand in advance what conditions it can pull, and therefore wants to calculate the amount of the down payment on its own. In fact, it turns out to be not so difficult. To do this, you need to know the exact cost of housing and the part, expressed as a percentage, that the bank requires as a down payment. So, for example, if an apartment or house costs 3,000,000 rubles, and the bank requires a deposit of at least 20%, it turns out 600,000 rubles. In the event that the family plans to use the mat. capital as a down payment on a mortgage, it is quite logical that in any case it is necessary to pay an additional amount in cash to it.
If the family relies solely on the help of the certificate, then you can calculate the cost of housing for which it can apply. The formula is simple: size mat. capital x 100 / down payment indicator.
It is important to understand that maternity capital is a type of state support, therefore the amount that is issued at the same time can only be used for specific needs. It is impossible to go and spend it whenever you want. If you plan to use mat. capital as a down payment on a mortgage or as a payment to repay the principal debt, then it is necessary to notify the Pension Fund about this six months before the conclusion of the transaction. The state budget and payments are planned every six months.
In the event that part of the maternity capital has already been used, then the remainder cannot be used as a down payment. The only thing that can be done is to reduce the debt under the existing mortgage agreement.
Before contacting the bank, you need to decide for yourself which construction program to give preference to. And although the risk is several times greater when participating in shared construction, the family can win a considerable number of meters, as well as get a mortgage at a better price in terms of monthly payments.
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 are available for residential real estate under maternity capital, and under what conditions it is possible to 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:
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.
To take a mortgage with maternity capital payment, the borrower and his family must meet the following requirements:
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.
Let's move on to documentation how to 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:
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:
FIU specialists may also require additional paperwork.
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:
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.
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 largest banks Russia, including those represented in all regions and even district 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:
Please note: quite recently, the bank introduced a new option - electronic registration of the transaction, which gives a 0.5% discount on 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%.
The loan term is 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:
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 for apartments in new buildings from partner developers, offering residential areas in "thousands of accredited new builds".
DeltaCredit
DeltaCredit provides loans for the purchase of:
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, and individual construction 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%.
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 equated to them as owners who own the property in equal shares.
On first contact with bank office it is necessary to ask again whether the organization will agree to lend against 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 against the mother capital.
In our next article, you are about the possibility of mortgages with the help of the state with the most low percentage: AHML programs.
Making a mortgage loan with a down payment at the expense of maternity capital is a long and complicated procedure that requires collection a large number papers and considerable patience, at the same time without 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.
