What is the essence of the mortgage program for families with three children?
The main objective of the subsidy is to provide families with three or more children with affordable housing.
The corresponding law was adopted in the summer of 2021 and involves reducing the mortgage loan by 450 thousand rubles by providing benefits. The mortgage debt write-off scheme is implemented as follows: borrowers submit an application and the necessary documents to the banking organization where the agreement was drawn up. After checking, the list of certificates is transferred to DOM.RF specialists, who conduct a final analysis and make a decision on whether to approve or refuse the application.
Payments are made to repay housing loans only. The amount of the subsidy may be less than 450 thousand rubles if there is a smaller amount remaining on the total mortgage debt.
Family mortgage from 3.50%
“Family mortgage” has become more accessible. Now with one child!
From 15% down payment
For a period of up to 25 years
To learn more
For all
Tax deduction for mortgage interest
A tax deduction is a part of income on which the state allows you not to pay personal income tax.
One of its most common types is property. When buying a home - on credit or without it - you can get back up to 260 thousand in taxes paid, the exact amount will depend on the price of the apartment. But that is not all. When purchasing a home with a mortgage, you can take advantage of a tax deduction on interest. If the apartment was purchased before 2014, then you can return 13% of the total overpayment amount. For real estate purchased later, there is a limit: you can get 13% of 3 million rubles, that is, up to 390 thousand. If the overpayment is less, then the tax deduction will be less.
Let's say you bought an apartment with a mortgage and are going to pay the loan according to schedule. The total overpayment for it will be 1.2 million. This means you can qualify for a refund of 156 thousand.
Please note that you can use the interest deduction only once in your life and for one object.
Since we are talking about exemption from personal income tax, the amount of payments will depend on your official income. If you receive 300 thousand per year, then the maximum refund amount for 12 months is 39 thousand, if 1 million - 130 thousand. But you can request a deduction for several years in a row until you return the entire amount due to you.
You can receive a deduction:
- through an employer - they will simply stop paying you personal income tax until you reach the limit;
- through the tax office - you will be refunded the amount of tax paid for the previous year.
Find out more
