Helping large families pay off mortgages. Mortgages for large families: existing preferential mortgage lending programs and changes in legislation. Until when is a family considered large?

Measures to provide social support to families are often implemented through regional programs. You can find out which programs are presented in the region at local authorities and social protection departments.

Conditions for lending to families with many children

The principles for using mortgages for families with many children are similar to the general lending procedure, which means that the purchased housing must be secured by bank collateral.

As part of the mortgage, funds can be used for:

• purchase of a finished apartment or house;
• housing construction;
• acquisition of real estate under construction.

However, the most popular direction is the acquisition of property that has already been built and put into operation.

The home loan payment largely depends on the interest rate and repayment period. The standard conditions of most banking programs are inaccessible to families with many children. Because of this, the parameters of the soft loan include the following measures:

• reduction of the rate taking into account the type of property being purchased (a higher rate applies on the secondary market, for housing in new buildings the price is 3-4% lower);
• using funds from the budget to partially repay the loan, including the use of maternal capital;
• extended term of the credit line (up to 30-50 years, depending on the lender’s conditions).
• Reducing the down payment to 10% allows you to get a loan even with small financial savings.

The leaders in the preferential lending sector include the largest banks with many years of experience in successful cooperation with the state: Sberbank, VTB 24, as well as the Mortgage Lending Agency and other structures.

Sberbank

As part of assistance to borrowers with three or more children, Sberbank has favorable financing conditions:

1. Extended repayment period to 30 years.
2. Down payment - 10% (for a country house) or 15% (secondary housing).
3. It is not necessary to use personal savings when using maternity capital as a down payment.
4. If the parents' confirmed income is not enough to obtain the required amount, the bank allows 3 co-borrowers to be included in the mortgage, taking into account their income to determine the final loan amount. The requirements for co-borrowers are more flexible and do not take into account age restrictions and level of material well-being.
5. If a child appears in the family, the bank provides a deferment on the payment of the principal debt until the child reaches the age of three. During this period, parents will only pay interest.

VTB 24

The bank, which closely cooperates on many government programs, provides the following conditions for financing the purchase of housing for large families:

• borrowed funds up to 8 million rubles;
• rate – 10.2% per annum;
• down payment – ​​20% of the price of the purchased property;

It is allowed to use funds from maternity capital to make a down payment. If desired, the money can be used to partially repay the mortgage.

You can compare the mortgage offer from VTB24 right now on the page: . Be sure to pay attention to the choice of your city, as there are differences in regions both in loan amounts and interest rates.

AHML

The agency specializes in obtaining favorable mortgage terms for a wide variety of categories of citizens. Large families, like other socially significant groups, have the right to assistance from AHML.

The main functions of the Agency include the following activities:

• repurchase of certain mortgage debts from financial institutions;
• development of standards for bank mortgage programs;
• close cooperation with banking structures on the development and implementation of loan proposals.

Standard standards defined by the Agency for mortgage loans include the following parameters:

• the rate for secondary housing is 11.0%, in new buildings – 6.0%;
• down payment – ​​from 10%;
• payment to repay the debt cannot be more than 45% of the family income;
• upon the birth of a new child, the rate decreases by 0.25-0.5%;
• a 0.5% reduction in the rate if the value of real estate is below the standard level;
• reduction of the rate subject to compliance with the bank’s requirements to insure the life and health of the borrower.

Here is a list of some regions. You can find out the full list at the link: preferential regional mortgage programs from AHML.

Interest-free mortgage in 2018

Families with three or more children can receive direct assistance from the state when obtaining mortgage housing under a special program, provided they meet the following requirements:

• recognition of the status of a “large family”;
• obtaining income sufficient to service the principal debt on the mortgage;
• the housing being purchased is the only one and there is no other living space in the property;
• if a mortgage is needed to improve living conditions, it is necessary to recognize the current conditions as unsatisfactory;
• obtaining the status of those in need of support.

To take advantage of the program for families with many children, you must contact your local municipality and declare your desire to become a participant. Having received approval from the local administration, loan obligations are issued on the terms of repaying only the principal debt. Interest will be repaid from budget funds.

To obtain an interest-free mortgage, one of the parents presents a package of documents:

• parents' civil passports;
• written consent from the borrower's spouse;
• certificates for children;
• conclusion on the assessment of the cost of the purchased housing;
• a certificate stating that the family is a participant in the state program;
• documents confirming the official income of the parents;
• bank statements for the accounts of all family members who have reached the age of majority.

Interest-free applies only to new loan obligations; it is impossible to repay interest from the budget on a previously issued loan. The program is designed, first of all, to attract bank funds for the construction of houses for large families. The program cannot be used to purchase an apartment from a secondary housing stock.

The variety of measures taken by the authorities to support large families allows us to count on the creation of acceptable mortgage lending conditions under which a large family will be able to solve their housing problems on the terms of assigning feasible monthly payments to repay the loan.

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• the child must be born strictly within the allotted period of time;
• the apartment must be purchased on the primary market; subsidies do not apply to the secondary market;
• a down payment of 20% of the cost of housing is required, for example, you can use maternity capital;
• housing should cost no more than the established limits. For Moscow, St. Petersburg and their regions the limit is 8 million rubles, for other regions - 3 million rubles. The government says the program is not intended to encourage families to buy luxury homes. The main goal is to support families who need improved housing conditions due to the birth of 2 and 3 children;
• after the ownership of the apartment has been registered, it is necessary to conclude a personal insurance and apartment insurance agreement;
• Only citizens of the Russian Federation can participate in the program;
• employees must have at least 6 months of experience at their last place of work, individual entrepreneurs must have been operating without loss for at least 2 years;
• The loan must be repaid in equal installments.

Mortgage for large families: new law of 2019

• mortgage loan on individual terms;
• reduction of the interest rate in some cases to 7%, down payment – ​​to 10%;
• issuing a preferential loan for any type of real estate - housing on the secondary or primary market, land plot for individual housing construction, etc.
• additional loyalty to borrowers under 35 years of age;
• the ability to use existing property (both real and movable) as collateral, without requiring proof of income;
• possibility of attracting additional co-borrowers.

Sberbank issued the first preferential mortgage loan for a family with children in the Angara region

The program “Mortgage with state support for families with children” started at Sberbank on February 7, notes Daria Efimova, deputy manager of the Irkutsk branch of Sberbank. “At the same time, we are already seeing noticeable interest in it from our clients living in the Angara region. In particular, this can be judged by the growing number of consultations on the new product, writes baikalinform.ru.

State mortgage program for large families in 2019 from Sberbank

The government has decided that a single centralized formulation will not be introduced. Regions will be able to set the criterion for “large families” themselves. Regions also determine the criterion until the age at which children reach a social unit with many children. For example, in Moscow and the Moscow region the age criterion is 18 years if the child is in full-time education. And in the Krasnodar Territory this bar has been raised to 23 years.

Mortgage for a large family

The first bank to start lending under the affordable housing program was Sberbank of Russia. Currently, banking programs for lending to citizens for the purchase of housing continue to improve, so in order to know all the details, you should contact the bank branch at your place of residence for information.

Attention! Involving a co-borrower in obtaining a mortgage automatically makes him a co-owner of the purchased home (the size of his share is directly proportional to his participation in repaying the loan). If a representative of a large family (the main borrower) for some reason loses solvency, the co-borrower will be obliged to independently pay the balance of the debt to the bank.

All mortgage benefits in 2019

• the age of the family spouses should not exceed 35 years
• a young family must be recognized as in need of housing
• the young family must have income sufficient to service the mortgage, or the funds necessary to pay for housing in excess of the subsidy provided

Preferential mortgage for large families

To take advantage of these benefits, the family must provide evidence of their social vulnerability. This can be done by obtaining the appropriate certificate issued by the authorized body (PFR). For young families whose spouses belong to the category of public sector employees, the “Young Family” program operates.

Preferential mortgages for large families: procedure for provision

1. the family takes out a mortgage before or after the birth of the second, third or subsequent child;
2. Documents confirming the right to receive a subsidy are provided to the bank;
3. the bank reduces the interest rate to 6% per annum for a certain period specified in the agreement;
4. the state compensates the bank for the difference between rates.

Conditions for obtaining a mortgage for large families

1. Extended repayment period to 30 years.
2. Down payment - 10% (for a country house) or 15% (secondary housing).
3. It is not necessary to use personal savings when using maternity capital as a down payment.
4. If the parents' confirmed income is not enough to obtain the required amount, the bank allows 3 co-borrowers to be included in the mortgage, taking into account their income to determine the final loan amount. The requirements for co-borrowers are more flexible and do not take into account age restrictions and level of material well-being.
5. If a child appears in the family, the bank provides a deferment on the payment of the principal debt until the child reaches the age of three. During this period, parents will only pay interest.

Law on mortgages at 6 percent in 2019 - who is entitled to the new benefit, how to get it

• starting from January 1, 2019 and until December 31, 2022, a second or third child must be born in the family,
• the family takes out a mortgage to purchase an apartment in a new building (or refinances a previously taken out loan, but the apartment also had to be purchased in a new building).

Mortgage benefits for large families in 2019 Sberbank

Let us recall that in Russia for 2019 the list of regions receiving subsidies and benefits for children has been expanded. This list includes 60 regions where there is an unfavorable demographic situation, and the total fertility rate is below the national average.

Mortgage for families with two, three or more children from 2019

The amount of funds allocated for the implementation of the program in 2019 is significant - 600 billion rubles at the time of launch. However, in comparison with previous projects, this means tougher conditions. On January 10, the corresponding decree was finally published - so far without specifying the validity period.

Mortgage for large families in Sberbank

The new law of 2015 adopted by Sberbank under the “Mortgage for Large Families” program was also reflected in the proposed conditions. Thus, the rate for this category of clients is significantly lower. You can get a 1-2% discount from the minimum size. It is calculated individually according to specific conditions. There are situations where clients were offered up to 6%.

- this is how they began to call preferential loans for the purchase of housing with an interest rate of 6%, which can be obtained by families with two or more children. Novostroy-M decided to find out how the new conditions will affect the demand for the program, whether it is popular now and what residential complexes families can choose.

The program started failed

It is expected that more families will now be able to take advantage of mortgages at 6% interest. The government made the corresponding changes to the resolution dated December 30, 2017 “On approval of the rules for providing subsidies from the federal budget to Russian credit organizations to the joint-stock company “Housing Mortgage Lending Agency” for compensation of lost income on issued housing (mortgage) loans provided to citizens of the Russian Federation with children” .

Clarified program conditions:

1. The maximum loan period at a preferential rate depends on how many children were born in the family after 2018. If a second child is born in the family, the 6% rate will be valid for three years, if the third or subsequent child is born - for five years. And in the event that two or more children are born at once, the period of the preferential rate will be eight years.

2. A mortgage can be taken out from 2018 to 2022, but if a child is born between July 1 and December 31, 2022, then a loan under the program can be issued until March 1, 2023.

3. After the grace period ends, the annual interest will be calculated as follows: the key rate of the Central Bank + 2 percentage points. This interest will be valid until the end of the mortgage. The Central Bank rate is calculated at the time of conclusion of the agreement. If you take out a mortgage now (when the key rate is 7.25%), then after the end of the grace period the interest on the loan will be set at 9.25%.

4. You can purchase an apartment at a reduced rate only on the primary market. In this case, the seller can only be a legal entity.

5. The maximum loan amount in Moscow and the Moscow region is 12 million rubles. The minimum down payment is set at 20% of the cost of housing.

Thus, the amendments expanded the list of families eligible for a preferential mortgage: the list includes families with a fourth and subsequent children. The maximum loan amount has also been increased: for residents of Moscow and the Moscow region, the upper limit has been raised to 12 million rubles instead of the previous 8 million.

The family mortgage program began operating in January 2018, initially it provided for the issuance and refinancing of mortgages for new buildings at a rate of 6% per annum for families in which a second or third child was born after January 1, 2018. In February-March 2018, only eight such loans were issued, according to the Ministry of Finance, and Novostroy-M tried to understand why a 6% mortgage doesn't work. Firstly, of course, experts noted the time factor: in two months the program simply could not gain momentum, according to the laws of nature. But analysts also paid attention to the insufficiently large loan amount.

“The second reason for the low demand for the program for large families is the limitation of the maximum loan amount to 8 million rubles for the capital region. According to our calculations, the average budget for purchasing a three-room apartment in projects in the mass segment of “old” Moscow is 12.7 million rubles. That is, in order to take advantage of the subsidy, you will have to collect 4.7 million rubles or 37% of the cost of the apartment instead of the formally allowed 20%. Many clients simply do not have a down payment, which is precisely why they cannot afford a preferential mortgage,” said Novostroy-M Maria Litinetskaya, managing partner of Metrium.

Is 12 million a lot or a little?

Now the maximum threshold has been increased, and this should lead to an increase in transactions under the preferential mortgage program with a rate of 6%. Today, the average budget for purchasing a three-room apartment in Moscow is about 13 million rubles, so, having your own savings of 20% of the cost of housing, you can buy a comfortable option under the preferential mortgage program.

However, according to Maria Litinetskaya, even a three-room apartment for a large family is not the most convenient option. “Of course, such buyers require more convenient space, namely multi-room apartments. Of course, there are not many projects in Moscow with relatively affordable prices for apartments of this format. With the previous restrictions on the size of the loan, there was no chance of purchasing such an object with a preferential mortgage. Now such an opportunity is opening up,” says the expert. For example, in a comfort-class residential complex with “Grinada” finishing from the PSN Group in building No. 5, the average cost of a multi-room apartment (about 100 sq. m.) is 12.9 million rubles.

In the Kvartaly 21/19 residential complex from VectorStroyFinance, the cost of three-room apartments starts from 10 million rubles, that is, with a down payment of 20% (2 million rubles) and a loan amount of even 8 million rubles, families can easily find an apartment for themselves. And the limit of 12 million significantly expands the choice.

According to Litinetskaya, the greatest interest among large families will be in projects with a minimum cost per square meter. Within the boundaries of Moscow, these are residential complexes of comfort and economy class, located outside the Moscow Ring Road, but not far from the metro. In areas such as Solntsevo, Yuzhnoye Butovo and Nekrasovka, you can find large apartments at reasonable prices, as well as their own social and commercial infrastructure.

Increasing your budget allows you to expand your property choices, but keep in mind that higher loan amounts mean larger monthly payments. For example, when taking out a loan for 15 years for an amount of 8 million rubles, you will have to pay 67,500 rubles per month during the grace period. After its completion (for example, after three years), the rate will increase to the level of the key rate +2 percentage points on the date of signing the loan agreement (9.25% today). Thus, the payment amount for the remaining 12 years will be up to 80,000 rubles. Of course, with a loan of 12 million rubles, payments will be even higher.

“We can conclude that the expansion of the range of borrowers will occur to a significant extent due to business class buyers. Also, the audience of borrowers will include those who purchase large areas in the “comfort” segment. Families who have the necessary budget for the purchase and are eligible under the terms of the program will take advantage of a preferential mortgage, taking into account additional benefits,” comments Olga Shikhova, head of the mortgage and loans department at the Bon Ton real estate agency.

But the head of the mortgage and loans department of the NDV-Real Estate Supermarket company, Irina Yachmeneva, believes that the changes that have occurred in the program are not so significant. “The average budget for purchasing a comfort-class apartment in Moscow is 10 million rubles, a standard-class apartment is even less, about 6.5 million. In the Moscow region, apartments are bought for an average of 4-4.5 million. That is, the loan size initially covered almost the entire potential audience,” the expert notes. According to Irina Yachmeneva, the unpopularity of the program is explained by its “youth”: it is valid for families where the second and subsequent children were born no earlier than January 1, 2018. “The birth rate in Russia is declining. If we talk about popularizing the program, it would be better to expand it to families with older children - at least those born in 2017. Or reconsider the rate, since additional percentage points of difference are a much better incentive than the size of the loan,” the speaker believes.

If we proceed from the maximum loan amount of 12 million rubles and assume that when buying an apartment the family contributes no more than 20% (the minimum level specified under the terms of the program), then we can focus on apartments costing no more than 15 million rubles. Novostroy-M analysts have selected residential complexes in the old borders of Moscow, where you can buy an apartment with three or more rooms and where finishing is available (which allows you to reduce repair costs and moving time).

New buildings in “old” Moscow with three- and multi-room apartments*

Source: Novostroy-M
*only residential complexes with available finishing were taken into account

Families will be attracted to New Moscow

According to the head of the marketing and sales department of the Rumyantsevo-Park residential complex, Alexey Lukhtan, the new rules will have a positive effect on the growth in demand for multi-room apartments in New Moscow, since within the boundaries of “old” Moscow the cost of the transaction is much higher, and even an increased credit limit will not always be able to provide the family with the full necessary space.

« Family mortgage, I believe, may be of interest to seven out of ten clients of the primary market of New Moscow,” notes Alexander Zubets, General Director of New Vatutinki LLC. According to him, in the New Vatutinki area the statistics are as follows: 81% of buyers who made a transaction in 2017 had children. Moreover, 39% of them have one child, 49% have two children, and 12% have three children. “It turns out that potentially in the next couple of years all 81% of clients will be able to take advantage of preferential mortgages, whereas previously buyers with three children did not have such an opportunity. In my opinion, the program is already working in full. Another thing is that only seven months have passed since the start of the subsidy. We will see the real effect of the family mortgage only at the end of 2018 - beginning of 2019. It is then that clients whose birth of a child was partly stimulated by a preferential mortgage at 6% will probably enter the market,” the expert believes.

At the same time, in New Moscow, family clients have the largest possible choice. Before the revision of the conditions, with a minimum down payment of 20% and an issue limit of 8 million rubles, the maximum price of an apartment could not exceed 10 million rubles (2 million + 8 million). With the limit increased to 12 million rubles, the price of an apartment with a minimum down payment of 20% reaches 15 million rubles (3 million + 12 million). With housing costs up to 10 million rubles, 15 projects in New Moscow presented options with a large purchasing budget. When the limit is increased to 15 million rubles, housing is sold at a higher price in only four projects. In total, 36 complexes are being sold on the New Moscow market. Novostroy-M spoke in detail about the situation on the primary market of New Moscow earlier.

“Specifically in our New Vatutinki area, the most expensive apartment with finishing will cost a little more than 9.9 million rubles. This is a four-room apartment with an area of ​​105.7 square meters. m. Both before the revision of the terms of the “family mortgage” and after, buyers could take absolutely any apartment at 6% per annum,” says Alexander Zubets.

At the same time, some potential creditors under this program will refuse to participate in it, despite the low rate. The fact is that a family mortgage at 6% can be taken out when purchasing a home from a legal entity (but not from an investment fund or its management company) under a purchase and sale agreement, if the house is already ready, or when drawing up an equity participation agreement, if the house still under construction. The program does not apply to the secondary market. At the same time, large families are most often interested in ready-made housing or apartments at a very high stage of construction readiness.

“As practice shows, new apartments are often purchased by large families using funds from the sale of old real estate. For this reason, instead, objects that are mainly ready for living are being considered, that is, on the secondary market, since supply from developers is limited. For example, in New Moscow there are currently only 440 apartments in completed buildings for sale. Of this number, only 50 objects are sold with finished finishing. Not every family can afford to pay the mortgage and rent for a year or two while a house is being built. Therefore, a considerable part of potential applicants for subsidies went to the secondary market,” notes Alexander Zubets.

New buildings in New Moscow with three- and multi-room apartments*

In 2018, the Government of the Russian Federation decided to launch a new state program to support the purchase of housing for large families. The essence of the project is to obtain additional benefits and subsidies to improve the housing problems of citizens who have two or more minor children. Starting from 2018, Sberbank will issue mortgages to large families under the new law at 6%. A loan with government support has a number of special rules and requirements, which are described in more detail in the article.

If one of the parents is under 35 years old, you can use the state project “Young Family”. If for some reason you do not qualify for this program, you should turn your attention to the “Affordable Housing” project. Both options involve low interest rates, more acceptable initial capital and the opportunity to take advantage of a deferment if a child appears in the family. It is especially profitable to purchase housing from developers under the above programs.

Sberbank has developed favorable and simplified terms for mortgage loans, which became available to families with children in 2019. Let's take a closer look at the conditions and requirements that apply to a mortgage from Sberbank for a large family in 2019 under the new law:

• the term of use of credit funds was increased to 30 years;
• the initial capital was reduced to 10%, with the exception of secondary housing, for which you will need to save 15% of the total cost of the property;
• If you have a state certificate, you can get a mortgage loan without using your own funds. Maternity capital will be used as a down payment;
• If the family's financial situation is insufficient, it is permissible to attract three guarantors. It is worth noting that Sberbank is more loyal to the choice of co-borrowers;
• In the event of the birth of a child, a young family has the opportunity to defer payments without accruing penalties and interest on the loan, which significantly helps restore financial well-being after the birth of the baby for three years.

Who will receive the social status “Large family”

To obtain additional benefits and mortgage subsidies from Sberbank for large families in 2019, the family must obtain the “Large” status. The status is officially confirmed, taking into account many criteria. The criteria are different in each region, but there is a small list that is considered general:

• official marriage, or the status of a father or single mother;
• There are three or more children in the family who have not reached the age of majority or are in full-time education.

Interest-free housing loan for large families in 2019

As part of the state program, there is the possibility of obtaining an interest-free housing loan, which certain categories of citizens can count on:

• You will need confirmation of the “Large Family” status;
• official income that corresponds to the ability to repay monthly mortgage payments;
• the purchased living space is the first and only property owned;
• if living conditions are considered unsatisfactory, the acquired living space may not be the first property;
• confirmation of the status “In need of support”.

To take advantage of the state program, you should contact your local municipality with an application for participation. After approval of the status by the administration, you can apply for an interest-free mortgage from Sberbank for large families in 2019. The credit institution will issue a mortgage loan with the condition of repaying only part of the principal borrowed funds, all accrued interest is paid from the budget of the Russian Federation.

A package of documents for obtaining an interest-free mortgage

If all statuses have already been confirmed and the family is recognized as having many children, you can collect a package of documents to apply for a loan:

• passport of a citizen of the Russian Federation;
• spouse's consent;
• documents confirming the birth of children;
• a certificate stating that the family was recognized as a participant in the state program;
• certificates confirming taxable income.

An interest-free housing loan under the state program can only be obtained upon receipt of a new loan. Mortgages from previous years do not imply recalculation of interest, even after the family has accepted the status of “Large”. It is worth noting the fact that under the state program it is possible to purchase housing only on the primary market.

State support is designed to create improved living conditions for young families. A mortgage loan from Sberbank for large families in 2019, according to new laws, provides for a reduction in the financial burden of citizens by lowering interest rates, thereby increasing the birth rate in the country.

If you are a young family who has just planned to have two or more children, then Sberbank’s program for large families in 2019 will definitely suit you. A mortgage at 6% is a very profitable solution.

Today, many families, before having children, try to improve their financial situation. And this is logically correct, even if you are a young family without a child, you can get a mortgage, and after the birth of two or more children, Sberbank will draw up a new payment schedule taking into account the new interest rate. It is important to remember that the period of validity of the state program is limited from 2018 to 2022. If the birth of a second child occurs after December 31, 2022, then the mortgage will be recalculated at 6% only if the state program is extended.

Mortgage for families with many children