450 thousand for mortgages for large families: conditions for receiving

Bank requirements for real estate

Different properties have different requirements.
For example, if this is a secondary home, then you need to prove that the house is not being prepared for demolition, and the previous owner does not plan to deceive you. To do this, you need to evaluate the home, check all the documents of the previous owner, and carefully check the house itself - the year it was built, the quality of the conditions, etc. New apartments and houses also have their own requirements. You need to provide the bank with:

• certificate of valuation;
• registration of pledge;
• home insurance, etc.

Each bank makes the demands that it considers most profitable.

Who is entitled to 450,000 to pay off the mortgage?

This is a support measure specifically for large families with three or more children. Families that have a third or subsequent child between January 1, 2021 and December 31, 2022 are eligible to receive money from the state.

This could be either birth or adoption. But if we are talking about adoption, then it is not the date of the child’s entry into the family that is taken into account, but the date of his birth.

Support in the form of 450 thousand for a mortgage is relevant only for citizens of the Russian Federation, existing mortgage borrowers. If you are just planning to take out a home loan, this money cannot be used when receiving it. But after registration - no problem if you meet the conditions of support.

Subsidization is relevant for both families and single parents. The applicant is the parent of three or more children.

Results

The legislation provides for a number of benefits for large families: taxes, mortgage repayments, and free receipt of land. Regions may establish other benefits (for travel, purchasing vouchers, etc.).

Sources:

• Tax Code of the Russian Federation (part two) dated 05.08.2000 No. 117-FZ
• Land Code of the Russian Federation dated October 25, 2001 No. 136-FZ
• Federal Law “On measures of state support for families with children in terms of repaying obligations on mortgage housing loans (loans)” dated July 3, 2019 No. 157-FZ

You can find more complete information on the topic in ConsultantPlus. Free trial access to the system for 2 days.

Where to go for money

The mortgage loan agreement must be concluded before July 1, 2023. The “from” date is open. The loan can be issued in any year, even 15 years ago. The main thing is that the condition for the appearance of a child in the family from the beginning of 2021 to the end of 2022 is met.

Basic conditions for issuing 450 thousand for a mortgage to large families:

1. In the period 2019-2022, a third or subsequent child appeared in the family. He may be born or adopted. If this is an adoption, the child’s date of birth is within 2019-2022.
2. The family has a valid mortgage loan issued by any Russian bank. All loan agreements concluded before July 1, 2023 are eligible.
3. A mortgage is issued for an apartment, a finished house or a plot of land. This can be a secondary or primary market.
4. The applicant and his children must have Russian citizenship. If a child does not have Russian citizenship, he is not taken into account. Children for whom the applicant has been deprived of parental rights are also not taken into account. Deceased children are taken into account.

If the mortgage was issued for the construction of their own house, then the agreement does not fit the terms of the program, the family will not receive 450 thousand.

If you and your mortgage meet the specified conditions, you can apply for money. To do this, visit the branch of the bank servicing the loan agreement. There you will write a statement, which is transferred to the operator DOM.RF, which regulates the payment and transmits the information to the Ministry of Finance.

Benefits for the birth of a third child

All regions of Russia have some benefits for large families. As a rule, among them are the following:

• placing a child in a queue and admitting a child to a nursery in a special order;
• the opportunity to attend various clubs and sections for free;
• free meals in educational institutions;
• the opportunity to receive vouchers for sanatorium treatment.

In addition, there may be other benefits - for example, discounts on utility bills

, or the right to free parking (as is done in Moscow).

A package of documents and the process of obtaining 450 thousand for a mortgage

The government has freed large families from bureaucratic delays. The process of receiving money is simple, the package of documents is modest. The applicant's passport, birth/adoption certificates of children, a document confirming the existence of a mortgage (loan agreement) and an apartment/house purchase agreement are required.

If the family has children over 14 years old, their passport is needed. These children must be present when the application is drawn up and sign it. A child reaching 18 years of age does not become a reason to exclude a family from the list of those entitled to 450,000.

How to get 450 thousand for a mortgage for large families:

1. You collect a package of documents and contact the office of the servicing bank, write an application on the spot to receive 450,000 and send them for full or partial early repayment of the mortgage loan.
2. The bank sends documents to the operator DOM.RF - he receives applications from all banks. The operator checks the documents. If the family can legally qualify for a subsidy, it initiates financing.
3. All required checks are carried out within 14 days. If the issuance of 450 thousand to repay the mortgage is approved, the money will be credited to the credit account within 5 business days.

450 thousand issued for the mortgage are used for its early repayment. If the remaining debt is greater than this amount, partial repayment is performed. If less - full. In the latter case, the missing amount is not compensated.

For example, for early repayment of a mortgage in full, 380,000 rubles are needed. In this case, the government will transfer these 380, not 450 thousand. The remaining 70 are not compensated in any way and are not transferred anywhere.

Financial nuances

The main conditions for providing a subsidy are the status of a parent with many children and the presence of a valid mortgage agreement. In this case, the child may appear outside the scope of the loan. For example, he appeared in the family in March 2021, and the mortgage was issued in November 2022. As a result, the family will also receive 450 thousand to pay off the mortgage.

There are two options:

1. If the mortgage amount is large, 450,000 goes towards partial early repayment. In this case, the bank will reissue the schedule. This may be maintaining the payment amount while reducing the term or maintaining the term while reducing the payment.
2. If the remaining mortgage debt is within 450,000, the loan is closed completely. After the official closing, the borrower can remove the encumbrance.

The right to receive 450 thousand for a mortgage is given to large families only once. Even if several children appear in a family during the period 2019-2020, the right is not repeated.

An important point concerns tax deductions. This 450,000 reduces the amount for calculating the deduction. And if the family has already issued a personal income tax refund on this amount, the state will demand that the money be returned.

An example of how your mortgage will improve thanks to this 450,000:

• for example, a family took out a mortgage in 2015 for 4.5 million rubles for a period of 15 years at 10% per annum;
• the monthly payment in this situation is 48,357 rubles, overpayment is 4.2 million;
• in May 2021, a large family applies to receive 450,000;
• provided that the current remaining repayment period is maintained, the monthly payment will be reduced to 42,059, the overpayment will be reduced to 3.96 million;
• If you choose to maintain the payment amount, the payment period will be reduced by 20 months, the overpayment will be 3.67 million.

The 450,000 allocated by the state for a mortgage can be combined with other family subsidies. For example, refinance a mortgage under a family program at 6%, use maternity capital. All measures can be summed up without any problems.

Allocation of children's shares after closing the loan

After the encumbrance is removed, you will have six months to allocate shares in the purchased property to your children.

There are no clear rules establishing the size of shares. But if they are unreasonably small, the owners in the future may have a reason to go to court regarding their redistribution.

Therefore, the safest option is to allocate shares in proportion to the amount of the certificate divided by the number of family members.

The fulfillment of this obligation is controlled by the pension fund, guardianship authorities and the prosecutor's office. Violation can lead to serious consequences, including:

• you will have to return your “mother’s” money to the state;
• further transactions for the sale of housing will be canceled, and buyers will be deprived of ownership rights or will be required to allocate shares to other people’s children.

Important points

1. 450 thousand are issued to large families only for an existing mortgage. You cannot use this money for a down payment for a new loan.
2. If the family currently has two children, she may decide to give birth/adopt another child before the end of 2022 and become entitled to 450,000. If the mortgage has not yet been issued, the agreement can be concluded before July 1, 2023 and immediately apply for a subsidy .
3. The subsidy is only available to a specific parent with three children. If there are 3 children in the family - mothers, but only two of them are from the current husband, only she can apply for a subsidy. She must be the main borrower on the mortgage or a co-borrower.

450 for a mortgage for the third child and subsequent ones is an excellent measure of support for large families. If you combine this money with other assistance programs, you can get significant benefits.

Give your rating

Monthly payments for a third child in 2021 - for employed and unemployed citizens

After completing the BiR leave, the mother, and in some cases the father or other relative, has the right to go on leave to care for the baby until he reaches one and a half years old with the payment of the appropriate benefit. Calculation of parental leave is based on earnings data for the previous two years.

When going on maternity leave in 2021, the benefit is calculated as follows:

1. Average daily earnings 2021 = (salary 2021 + salary 2020) / 730.
2. The amount of the benefit is determined based on 40% of the average daily earnings according to the formula:

Monthly benefit 2021 = Average daily earnings 2021 × 40% × 30.4.

There are also upper and lower limits for this benefit. The maximum can be found by substituting into the formula the maximum values ​​of the base for contributions to VNiM, which we noted above. We will find out everything regarding the minimum in the next section.

FAQ

Are there any age requirements for parents?

No, there are no age criteria in the law. There is only a requirement for a minimum number of children and that one of them must be born in the period 2019-2022.

I have already received 450,000 and closed the mortgage. Can they get this money again next time?

No. A specific citizen’s right to receive 450 thousand for a mortgage for a large family arises only once.

How quickly will I receive money?

After writing the application, the bank sends the documents to DOM.RF within a week. There a decision is made within 7 days. If it is positive, the money will be credited to your credit account within 5 business days.

How to get unused balance up to 450,000?

No, such a possibility is not provided.

If one child is over 18 years old, am I entitled to a subsidy?

According to the terms of issuing 450,000 to pay off the mortgage to large families, the children can be of any age. The main thing is that one of them was born in the period 2019-2022. So, if the child has reached the age of majority, the family does not lose the right to money.

Sources:

1. Decree of the Government of the Russian Federation of September 7, 2021 N 1170 “On approval of the Rules for the provision of subsidies to the joint stock company “DOM.RF”

about the author

Irina Rusanova - higher education at the International East European University in the direction of "Banking". Graduated with honors from the Russian Economic Institute named after G.V. Plekhanov with a major in Finance and Credit. Ten years of experience in leading Russian banks: Alfa-Bank, Renaissance Credit, Home Credit Bank, Delta Credit, ATB, Svyaznoy (closed). He is an analyst and expert of the Brobank service on banking and financial stability. [email protected]

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Removal of encumbrance if the mortgage is completely closed

For my friends, this information is not yet relevant, but it may be useful to you - when the mortgage is completely closed, you need to request a confirming certificate from the bank and contact the Rosreestr branch or the MFC to remove the encumbrance on the property.

The removal of the encumbrance can be clarified on the Rosreestr website a week after submitting the application (about how long the information is updated). Read more about how to remove an encumbrance here.

Comments: 54

Your comment (question) If you have questions about this article, you can tell us. Our team consists of only experienced experts and specialists with specialized education. We will try to help you in this topic:

Author of the article Irina Rusanova

Consultant, author Popovich Anna

Financial author Olga Pikhotskaya

1. Anton S.
   12/27/2021 at 05:38 Good afternoon! I am building an apartment in a new building, due for rent in 2023. The mortgage loan was taken out for it in 2021. We became a large family in 2021. Is it possible to receive a subsidy now (to pay off part of the mortgage debt) and then sell the apartment (or rather, assign the right of claim to a future apartment)? The reason is that the facility under construction is no longer very suitable for us.
   Reply ↓ Anna Popovich
   12/27/2021 at 17:47

   Dear Anton, yes, you can receive a subsidy to repay part of the loan.

   Reply ↓

How much is the BiR benefit paid for a third child to employed parents?

While expecting a third child, a working mother, on the basis of a certificate of incapacity for work, must receive a B&R benefit from her employer. It is issued once, usually when going on maternity leave.

This benefit is calculated on the basis of wages and other payments in favor of the employee (we will denote briefly - salary), on which contributions for insurance in case of temporary disability and in connection with maternity (VNiM) were calculated for the previous two calendar years. Calculation of the B&R benefit in 2021 is carried out as follows:

Allowance for BiR 2021 = ((salary 2021 + salary 2019) / 731) × 140 days.

The legislation defines the lower and upper limits of this type of benefit.

The minimum is associated with the calculation of benefits based on the minimum wage (minimum wage):

BIR allowance min. = ((minimum wage × 24) / 730) × 140 days.

The minimum wage is set to the value in which it was fixed by regulations at the beginning of maternity leave.

The maximum benefit is calculated based on the limits for contributions to VNiM. For 2021, this limit was 912 thousand, for 2021 - 865 thousand rubles. Thus, the maximum for BiR in 2021 will be equal to 340,795 rubles.

In the calculation formula, the number of days is equal to 140 - this is the duration of leave according to the BiR, but sometimes this number can be greater, for example, during a multiple pregnancy. This will definitely be taken into account in the certificate of incapacity for work.

You will find ready-made instructions for receiving maternity benefits in ConsultantPlus. Get trial access to the system for free and go to the Ready-made solution.