Who can get 450 thousand rubles to pay off the mortgage?

Who will be able to receive 450 thousand rubles and for what period is the program designed?

The payment can be received by families who welcomed a third or subsequent child from January 1, 2021 to December 31, 2022. The mortgage agreement must be executed no later than July 1, 2023.

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What to remember

• You can get a tax deduction on mortgage interest. But this can only be done for one object. So if you plan to have more than one mortgage, it’s worth doing it when the interest is higher: it’s more profitable.
• A subsidy for young families is an excellent opportunity to buy a third of an apartment at the expense of the state. But you have to be prepared for a long wait and failure. If age is running out, it is better to look for other options.
• If you adore children and are planning on at least three in any case, here is a whole business plan for you. In 2020–2021, you give birth to a second child, receive maternity capital, and then take out a mortgage at 6% or less. You use Matkapital for a down payment. In 2022, you give birth to your third child and receive 450 thousand to pay off your mortgage. The main thing here is to meet deadlines. But don’t try to repeat this if you are indifferent to children - take pity on both yourself and them.
• With a military mortgage you can get an apartment without investment, but there is a caveat. You are tied to the army for at least 10 years. Think in advance what is more important to you - freedom or money.

What can you spend the money on?

Funds allocated under the program can be used to repay the balance of the existing mortgage loan or accrued interest.

Payment can be received to repay a mortgage loan issued for the following purposes:

• purchasing a home in a house under construction or a new building;
• purchase of finished housing from an individual (resale);
• purchase or construction of a private house;
• purchasing a plot of land for individual housing construction or running a personal subsidiary plot;
• purchase of an unfinished individual housing construction project;
• purchasing housing within the framework of preferential regional programs;
• obtaining the last share in the right of common ownership of the premises, if as a result the borrower becomes the owner of the entire property;
• refinancing loans if they were received for the above purposes.

For families

Young Family Program

The state is ready, Decree of the Government of the Russian Federation of December 30, 2017 N 1710, to help young families with the purchase of an apartment and pay part of the cost of housing for them: 30% if there are no children, and 35% if there is at least one child. Of course, we are not talking about any amount. The amount of the subsidy is calculated based on how many square meters a particular family should have.

But this offer is not for everyone. You must meet the criteria:

• The subsidy is only available to people under 35 years of age. This could be a spouse (both under this age) or a single parent with a child.
• The family must be in need of improved housing conditions and be registered accordingly with the local administration. In regions, the requirements for determining need differ somewhat, so you need to find out how to get on the coveted list on the spot.
• The family must have money to pay the remaining cost of housing that the subsidy will not cover. A mortgage is also suitable, so it is enough to have a suitable income.

Even if you meet all the criteria, this does not mean you will receive a subsidy. The local administration draws up a list of potential participants in the program, and they can wait years for their turn to come. During this time, for example, you will grow up to 36 years old and automatically lose the right to such a subsidy. But it's still worth a try.

Maternal capital

For the birth or adoption of a second child, a certificate is issued for a certain amount - in 2021 it is 453,023 rubles. Usually the mother receives it, but in extreme cases, if she has died or has been deprived of parental rights, the father can also obtain it.

One of the legal ways to manage maternity capital is to improve your living conditions with the help of a mortgage. The money can be used as a down payment, used to pay off the principal debt to the bank or interest.

Important: if we are talking about a mortgage, you can manage maternity capital until the child’s third birthday. In other cases you will have to wait.

A prerequisite for using the certificate is the allocation of shares to children in the purchased property.

Mortgage at 6% for families with children

If in a family with at least one child another child was born from 2021 to 2022, it can reduce the mortgage rate to 6% for the entire loan term. A prerequisite is to purchase an apartment on the primary market, including at the construction stage. For the Far East, the preferential rate is 5%, and you can buy a secondary property if it is located in a village. Banks have the right to reduce the rate further.

You can immediately take out a mortgage under these conditions: the down payment must be at least 20%. But it can be contributed with maternity capital. This works for homes purchased in 2021 and later. It is also possible to refinance an existing mortgage.

Preferential mortgages have limits: in Moscow, St. Petersburg, the Moscow and Leningrad regions, you can borrow no more than 12 million, in other regions - no more than 6.

The opportunity to take out a mortgage at such a low rate is provided by the state. It compensates banks for lost profits due to the issuance of such cheap (relative to the average) loans.

450 thousand for large families

If in a family with at least two children, another child was born or adopted from 2021 to 2022, she can receive 450 thousand rubles to pay off the mortgage. You can use the offer once. If the debt is less than this amount, the balance will be burned.

Where to apply for payment?

To receive payment, you must contact the bank that issued the mortgage loan.

You must provide the bank with:

• application (the form can be obtained from the bank);
• passport;
• documents confirming maternity or paternity (for example, birth certificate, adoption certificate, court decision on adoption);
• mortgage agreement;
• agreement for the purchase and sale of residential premises or land, an agreement for participation in shared construction or an agreement on the assignment of rights under an agreement for participation in shared construction (if any);
• consent of the applicant and children over 14 years of age to the processing of personal data (a consent form can be obtained from the bank).

Documents can be submitted in originals or in the form of copies (only copies of documents confirming maternity or paternity are notarized. Copies of other documents are not required to be certified).

The bank will review the documents and transfer them to DOM.RF (DOM.RF JSC is the program operator). After checking the information, DOM.RF transferred money (up to 450 thousand rubles) to the bank to repay the mortgage loan.

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How much money can you get

You can return 13% of the amount spent, but no more than 13% of your official income for the year. Let's give an example:

You bought a one-room apartment in Zelenograd for 2 million ⃏. The state must return 13% - 260 thousand. At the same time, you earn 80 thousand per month - approximately 1 million per year. This means that this year only 13% of the million will be returned to you - 130 thousand ⃏. You will receive the remaining 130 thousand next year.

If the apartment was purchased during marriage and there is no marriage contract, both spouses can claim a tax deduction. If the apartment cost 2 million ⃏, then the amount can be divided in half or into different shares (for example, 70% to 30%) within this amount.

Important! The deduction cannot be obtained if the seller is your close relative or family member.

A couple more examples:

• If you installed a metal-ceramic implant for 100 thousand, you will return 13,000 ⃏;
• If you paid 50 thousand for your son’s studies at a university, you will receive 6,500 ⃏.

How it works? All your income is taxed - 13% of your salary is taken by the state. If you receive 87 thousand in your hands, then your official salary is 100 thousand ⃏, and your employer transfers 13 thousand to the tax budget. When you spend money on vital things (housing, treatment, study), the state, of its own free will, returns that same 13%. This is the law.

The main thing is that your income is official (white salary, declared income from freelancing or entrepreneurship), and that your expenses are supported by documents.

Payment procedure

Partial or full repayment of the mortgage at the expense of the state occurs in several stages:

1. To avoid wasting public funds for other purposes, money is transferred to a special account from which repayments are automatically made.
2. If a child is born into the family during the conclusion of the contract, the state provides an additional 5% subsidy.
3. All program participants receive a certificate confirming their beneficiary status.
4. Loan repayment under the state program takes place in all banks of the Russian Federation.
5. Assistance to mortgage holders is provided once.

How long will the state-supported mortgage program last?

Families will be able to take advantage of the mortgage program with state support until the end of 2023 at the birth of even their first child. If you have a child with a disability that will be established after 2022, then you will be able to apply for a preferential loan until the end of 2027.

Is it possible to refinance a previously taken out loan with government support? Yes, if you have only recently become eligible to participate in this federal program, and you already have an existing home loan, then you can refinance it at a preferential rate of up to 6% per annum.

There are two nuances to this:

• mandatory condition - at least one child born after January 1, 2021 (or a child with a disability);
• your home must have been purchased from a legal entity, i.e. from the developer company.

Basic requirements for housing and borrowers

To receive a preferential subsidy, an apartment or house must meet the following requirements:

1. Borrowed housing should be the only one for the owners.
2. The cost of an apartment should not be higher than 60% of the cost of similar housing in the region, according to the Federal State Statistics Service.
3. The areas should not exceed the following dimensions:

• one-room apartments – 46 m²;
• two-room apartments – 65 m²;
• three-room apartments – 85 m².

The rules do not apply to families with 3 or more dependent minor children. It is mandatory for the borrower to have Russian citizenship.

Amounts of state aid

There is no fixed amount that a young family can use. There are certain conditions under which it is possible to repay a debt of up to 1 million rubles:

• the birth of a child will help the family receive compensation for 18 m² of living space;
• the birth of a second baby allows you to get help for an additional 18 m² of housing;
• The decision to have a third child makes it possible for the state to fully repay the mortgage debt (this depends on the cost and area of ​​the apartment).

Note!
Each region has its own calculation of the maximum mortgage compensation amount. In large cities this can be 1 million rubles, but in the provinces it does not even reach 600 thousand rubles.

Registration procedure

Using the state program is quite simple - you need to provide a standard package of documents to the credit institution that issued the mortgage loan:

• passport of a citizen of the Russian Federation;
• full loan agreement for an apartment or house;
• a certificate from the bank about the terms of repayment of the mortgage and the remaining amount of debt;
• certificate of income from work;
• an extract from the Unified State Register confirming the right to ownership of the collateral housing;
• an extract from the Unified State Register confirming the absence of other housing;
• if there is a co-borrower, his income certificate;
• a certificate from the pension fund confirming the lack of income of dependent persons;
• certificate from the pension fund about the amount of pension;
• agreement on shared participation (for new buildings);
• assessment of the value of collateral;
• certificate from the bank about the payment schedule;