In accordance with the effective federal law* maternity capital funds can be used to pay down payment on a home loan or loan, without waiting for the child's three years of age, which gave the right to receive a certificate for maternal capital.
It was possible to direct maternity capital funds to pay off housing loans and loans up to the child's third birthday, but this rule did not apply to the down payment. Now this restriction has been lifted.
In addition, at present, the territorial bodies of the Pension Fund Russian Federation are accepting applications for a one-time payment from maternity capital in the amount of 20,000 rubles.
Families residing in the territory of the Russian Federation who have received or will receive the right to a maternity certificate as of December 31, 2015 and have not used the entire amount of maternity capital for the main areas of capital expenditure can exercise the right to receive a lump sum payment. When deciding to receive a lump sum payment, an application to the FIU must be submitted no later than March 31, 2016.
All holders of a maternity capital certificate residing in the Russian Federation can apply, regardless of how much time has passed since the birth of the child who gave the right to receive the certificate.
The application must indicate the SNILS number, as well as the series and number of the certificate for maternity capital. You must also have an identity document with you and a document confirming the opening of an account containing information about the details of the account, to which 20,000 rubles or the amount of the balance on the certificate holder's account if it is less than 20,000 rubles will be transferred in a single payment within two months . The family can use this money for daily needs.
At the moment, the number of Russian families that have received a maternity capital certificate from the Pension Fund has exceeded 6 million, with 48% of them already disposing of the full amount of maternity capital.
The most popular area for spending maternity capital is still improving living conditions: more than 3 million Russian families sent funds for these purposes. Of these, 2 million families partially or fully repaid housing loans in the amount of 760 billion rubles with maternity capital. More than a million families have improved their living conditions by allocating 368 billion rubles of maternity capital funds for the direct purchase, construction or reconstruction of housing without borrowing funds.
For the education of children, the PFR accepted more than 200 thousand applications in the amount of 10 billion rubles; to transfer funds to funded pension mothers - 2.7 thousand applications for 539 million rubles.
The birth of the 2nd baby in 2016 will bring the family more than 450 thousand rubles as mother capital. One of the options for its implementation is a housing loan. With a mortgage, maternity capital as a down payment can cover up to 100% of the first payment to the bank.
Maternity capital makes it possible to create a solid foundation for the future of the family: buy an apartment in the city or build your own Vacation home. All this is called the improvement of living conditions. And it is precisely for these needs that the family can use the funds of the MSC (maternal, or family capital) and take out a mortgage. Parents will never see "children's" half a million in cash: the transfer of the amount to the creditor's account occurs without the slightest participation of the family.
It is no longer necessary to wait for the baby to be three years old in order to use the maternity capital issued for him as a down payment on a mortgage. In May 2015, the law was amended to allow parents of two children to exercise their right to state support immediately.
The state certificate for mother capital is issued only once. The main thing is that the child was born after 2007 and was not the first with the parents. But the family has the right to receive a monetary reward for the second time - for the birth of a third and subsequent children. This idea is being implemented not at the federal, but at the regional level, but not in all regions. The amount of regional family capital varies from region to region and ranges from 30 to 200 thousand rubles. These funds are not issued in cash anywhere, but the certificate can also be used to cover an existing or new mortgage debt.
There is no law that would oblige banks to accept family capital funds as payment for debt. A number of banking organizations: Alfa Bank, Nordea Bank and others - work with MSC, but accept it only as payment of the principal debt. Open new loan for housing and repaying 10-20% of the down payment in such banks is impossible. But other credit organizations not only allow this, but also offer young parents preferential terms:
Especially for couples with two or more children, Sberbank has developed the Mortgage + Maternity Capital program. It operates within credit programs for the purchase of finished or under construction housing. Parents can cover up to 100% of the down payment with MSC funds or use them to pay only part of the contribution.
The offer from Delta Bank is aimed at reducing the amount of the down payment for those who pay it with the help of maternity capital. The bank offers a 10% reduction in the first payment, while the standard payment starts from 20%. The offer applies to any type of real estate from a share in an apartment to a country house.
But it will be possible to pay the down payment with maternity capital for a mortgage at the Bank of Moscow under other conditions. The contribution is not reduced here: it is still 20%. And it will be possible to pay at the expense of mother capital no more than 15%. The remaining 5% the couple allocates from their own savings.
The Agency for Housing Mortgage Lending also reduced the down payment on mortgages for families with children. The minimum bar is now 10% of the total loan amount, and the loan term can be extended up to 30 years. Banks cooperating with AHML are required to offer mortgages based on these conditions.
Familiarize yourself with all the offers of banks that accept mother capital as a down payment, and choose the best option for the family.
To use the certificate for matkapital, you first need to get it. This document is issued by the local PFR authority, provided that the child was born on time from the beginning of 2007 to the end of 2018. A certificate can be obtained only once, but regardless of the period that has passed since the date of birth of the baby. The state undertakes to issue a certificate at least five years later at the first request of the parents.
After receiving the certificate within 3 years, the family will need to decide where to send financial assistance: for the mother's pension, the future education of the child, or for a mortgage. If the couple has already chosen one thing and changed their mind, the previous application can be canceled. The rest can still be used to pay off mortgage debt.
Before applying to the bank for a mortgage, the couple will have to revisit Pension Fund and take an extract on the current state (balance) of the capital. Then - choose a banking organization that offers the most comfortable mortgage conditions. And only after that, taking into account the requirements of a particular bank, the family can collect a package of documents. The latter usually includes:
If the bank gives approval for the mortgage, the family concludes with the organization loan agreement, draws up a contract of sale for the apartment you like and documentary confirms your rights to it. With the documents received during the acquisition of a home, passports and a certificate for maternity capital, the family is again sent to the FIU. There, parents will need to fill out an application for transfer Money MSC in favor of a credit institution.
It is not recommended for a family to delay applying to the Pension Fund, since the procedure for transferring mother's capital to a bank is far from instant. After the parents' application is approved, the FIU undertakes to transfer funds within two months.
The bank will accept maternity capital only if each member of the family receives a share in the apartment being purchased. The young couple will have to sign and notarize the corresponding obligation, which will need to be fulfilled within six months after the "children's" funds are taken into account as a mortgage contribution.
If the size of the down payment is less than the amount of capital, the balance "will not burn". Funds not involved in paying the debt will be returned to the PFR account. The family will be able to use them in the future. If the reverse situation occurs, and the maternity capital is not enough to pay the full contribution, the family can supplement it with their own savings. Conditions must be negotiated with the bank on an individual basis.
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 way for Russian families to use such assistance 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 greater 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 the funds of a family certificate towards redemption home loan, you need to go to the Pension Fund and get this very certificate, which will be the 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 with participation in shared construction the risk is several times greater, while the family can win a considerable number of meters, as well as get a mortgage at a better price in terms of monthly payments.
One of the most frequently used for families with children, with which you can purchase your own housing.
At first glance, it may seem that the procedure for using maternity capital as a down payment on a mortgage is quite simple and transparent.
In fact, there are some conditions and features that you need to know about before making a final decision to purchase a living space on credit.
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At birth in the family of the second, third, etc. children, the state guarantees the issuance of funds. These funds represent a kind of purposeful financial support, the use of which can take place in the following areas:
Pay off the debt and interest on the loan, which the family has already been issued earlier.
If the family has already taken out a loan to buy their own home, they can go to increase the amount of the loan. As a result, it becomes possible to purchase larger or better housing.
Maternity capital as a down payment on a mortgage since 2016 can be accepted in several big banks. Until that time, these funds could only be used to buy a home as collateral after the youngest child was 3 years old.
The main difficulty lies in the fact that not all banks agree to accept these funds as a down payment on a loan. Those banks that provide such an opportunity set certain conditions.
In order to make the right decision about buying a home as collateral and choosing the right bank to complete the process, you need to understand the essence of the process.
And also to present what documents to provide for this.
To be able to use state financial assistance to buy a home, you will need to collect some documents:
After all these documents are collected, they must be submitted to the PF.
To be able to use capital to purchase housing, you must meet certain conditions:
To speed up the procedure, and not stretch it for many months, experts recommend adhering to the following sequence of its implementation:
Now it remains only to wait for a positive answer. Also, keep in mind that the answer can be negative.
There may be several reasons for this, but the most significant among them is that the father or mother has already used the financial assistance of the state for the first payment on the loan. This means that the person has the intention to deceive the state.
I would like to note that not all banks agree to use government financial assistance as a loan. Each of the banking organizations that practice such a service has its own conditions.
In order to use the mother's income for the down payment on a mortgage at Sberbank, the income of one of the child's parents must be at least 50 thousand rubles.
The loan amount provided by the bank is 3 million 400 thousand rubles, while the down payment is 15% of this amount.
Loan term in savings bank reaches the age of 30.
The size of the interest rate on the loan ranges from 13.5 - 14.5%.
To facilitate the registration of this, you can go to the website of a banking organization and use online calculator ohm.
The peculiarity of this calculator is that when calculating it, it takes into account the income of the family, the number of members in the family, as well as the maximum expenses of the family for a month or a year.
In this bank, you can use two programs: "Secondary housing" or "Apartment in a new building." Regardless of the program chosen, one condition must be met, which provides for the payment of 10% of the total loan amount from your personal funds.
As this, funds from maternity capital can also be used. The minimum interest rate is 11.95%.
In this bank, there is no need to use an online calculator, since the conditions for using these funds are the same for all borrowers. The term for which you can get a loan reaches 50 years.
On the video you can see about VTB Bank and maternity capital:
One of the advantages of obtaining a loan in this banking organization is a rather low interest rate (10.5%). The maximum amount for which a loan can be made ranges from 100 thousand to 20 million rubles.
The down payment is 15% of the total loan amount. The loan can be issued for up to 25 years. An important point is also the fact that lending in the Russian Agricultural Bank involves compulsory insurance real estate.
In addition to these banks, this service is also provided by METCOMBANK, Unicredit Bank, Otkritie Bank, URALSIB Bank.
Before making a final decision on which of the above banks to take a loan for the purchase of housing on credit, experts recommend visiting each of them and getting detailed information from a consultant about the terms of lending.
In this case, it is also necessary to take into account average income each family member, as well as expenses during the month or year. It depends on the amount of the first payment.
Before you start using maternity capital, you must notify the pension fund no later than six months before. To do this, you will need to write an appropriate application. This is due to the fact that payment planning financial assistance state is held every 6 months.
If part of the funds received has already been used, for example, to pay for the child's education, the remaining part can only be spent on repaying a previously taken loan to buy a home.
Before compiling with credit institution, it is necessary to clearly determine whether ready-made housing will be purchased or whether the funds will be used to pay a part in shared construction. The difference in these two options lies in the price per square meter of living space.
When housing is registered as a property, one should not forget about the condition according to which the apartment must be issued equally to all family members.
When choosing an apartment that will be purchased on credit, you need to be careful about its total cost. This is due to the fact that the maximum amount is calculated according to the total income of each family member.
If the amount of maternity capital covers the loan taken, there will be no difficulties. If the maternity loan is not enough to pay off the mortgage on housing, the remaining difference will have to be paid by yourself.
After all the formalities are resolved and all documents are signed, the acquired housing cannot be sold, mortgaged, exchanged or donated. This restriction will remain in effect until the loan is fully repaid.
Given all the conditions, you can competently use the maternity capital as the initial loan. it unique opportunity, with the help of which young families can buy their own housing on credit without delaying housewarming for several decades.
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On May 23, 2015, a law was finally signed that maternity capital, which is issued to mothers who gave birth to a second and subsequent children, should be used as a down payment on a mortgage, regardless of how old this child is. In this article we will try to explain what needs to be done for this and what documents need to be collected.
Previously, maternity capital before the child was 3 years old could only be used to pay off an existing mortgage. However, many Russian families there is simply no such possibility, first to get a mortgage, there is no way to collect a down payment, because this is not a small amount. Today, this has become possible.
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To begin with, of course, you need to give birth, or a third, if such a certificate was not received for the second child, or adopt, etc. according to the law.
After that, you need to get it.
To receive maternity capital, you must:
Next, you need to decide on the bank to which you will apply for a mortgage loan. By the way, today not all banks are taken to make a down payment in the form of maternity capital. Indeed, in fact, maternity capital is not “live” money, and the Pension Fund transfers funds to a bank account only after registering housing as a property.
There are other nuances associated with mortgage lending:
It should be recalled that maternity capital can be used specifically for the purpose of expanding housing in the following cases:
Necessary conditions in order to start applying for a mortgage using maternity capital:
Banks that issue mortgages under a parent certificate:
The rest of the banks work only to repay the principal on the existing mortgage.
Here is the most extended list of housing for which mortgage loans are issued. Sberbank issues mortgages for both secondary housing, and primary, and residential a private house not only brick, but also wooden.
The main condition of the bank for making a down payment at the expense of maternity capital funds must be received within six months after issuance.
Terms:
Also provides loans for any housing.
Terms:
Credit is given only for primary or secondary housing. Unlike Sberbank, capital can be transferred within 12 months.
Terms:
Everything is simple here, we take the cost of housing, for example, 3,000,000 rubles, and calculate 20% of this amount: 3,000,000x0.2 = 600,000 However, if you use maternity capital, then you will need to add cash to it. If we assume that the capital is the only means of the family for the down payment, then the mathematical calculation is as follows: 453000x100:20=2265000. That is, housing must be selected no more than 2,265,000 rubles.
Necessary documents for obtaining a mortgage in Russian banks using the capital for the down payment:
There are times when the security financial organization asks for documents confirming the activities of the organization in which the borrowers work.
All collected documents should be submitted to the department that issues the mortgage of the selected bank. The decision of the bank usually has to wait up to two weeks.
After receiving the bank's prior approval for mortgage you have to find a place to live. It must also meet the requirements of the bank. Not all banks work with new buildings, with residential premises under construction, private houses in countryside and cottages. It is easier to get loans for secondary housing.
It may also ask for additional documents. Further, there is a deal, the documents must be submitted to Rosreestr.
Some banks immediately transfer the amount for the sold housing to the seller, some (for example, Sberbank), only after the buyer receives a certificate of ownership. This is no more than 5 business days.
The FIU must provide:
Now, as regards the obligation to allocate equal shares to all children. At the moment, this document at the notary costs within 1,500 rubles, if there are two homeowners.
The notary will need the following documents:
One of the parents can refuse a share in the acquired housing with the participation of maternity capital in order to increase the children's shares. Such a refusal is also issued by a notary.
Within two months, the Pension Fund is obliged to transfer the amount to the borrower's account.
And yet, do not forget that each bank insures its loans, and you will have to pay the insurance company an amount of 8-9 thousand annually, depending on the purchased housing, for example, for a two-room apartment Insurance Company Sberbank issues insurance for 7700, and for a residential private house with wooden floors - 25000. This amount, however, will decrease slightly due to the fact that the debt to the bank will also decrease with each payment.
Summary: in order to exercise your right and issue maternity capital as a down payment on a mortgage, you have to run a lot, carefully study the conditions of all banks and check with the FIU whether the permit will use the certificate in this way. It's not easy, but it's possible. Sometimes it is better to use the services of realtors, because they face such issues much more often.
