People who simply need to improve their living conditions, but who do not have the opportunity to get a mortgage, the state can offer certain ways to help. These include a loan program with government support. This project allows some citizens to apply for preferential mortgages for the subsequent purchase of housing with a significant relief. This program helps to easily solve the housing problem.
The possibility of obtaining mortgages on favorable terms is the improvement of the living conditions of poor citizens by using two sources: financial assistance from the state and credit from a bank. The requirements for obtaining such a profitable solution are strictly regulated. Primarily preferential mortgages are granted to people on the waiting list who are in need of better living conditions, who have long been in line for such an improvement. Therefore, the procedure may take some time.
How to become a member of a preferential mortgage
Being in this program is a profitable solution for the Russians. Therefore, the question of how to get a preferential mortgage worries many citizens. Workers can become program participants budget organizations as well as some categories of Russians. Before participating in the program of financing preferential mortgages, the applicant must perform certain actions. He needs to contact the regional administrative center with a statement and a full set of necessary documents confirming this right.
Preferential Mortgage Terms
Such a program has its own characteristics. You can find out who is entitled to a preferential mortgage in this material. A mortgage loan is provided to citizens whose age does not exceed the following figures at the time of full repayment of the debt (depending on the gender of the person, the maximum age is different): 60 years for men and 55 years for women. The number of co-borrowers is limited to three people. Their joint income is analyzed, provided that each of them has been working at their current place of work for at least six months. These are the basic requirements for borrowers who may be participants in the "preferential mortgage" program. The conditions for obtaining it are much wider.
Priority is given to young families who have been married for no more than three years and have children.
Preferential categories of citizens
Some Russians have an expanded range of opportunities. Consider specifically those who are entitled to a preferential mortgage. The state categorized a large number of citizens as socially priority. Common to them is a relatively small income at the time of applying for a loan. It does not matter if this is temporary or permanent.
The preferential categories of Russians at the moment include:
- Young teachers and scientists.
- Military personnel.
- Large families.
- Young families.
- Persons who have received maternity capital.
Mortgages for young families
A loan for this group of citizens under the federal program implies a reduced interest rate or a subsidy, which can be used instead of the first installment.
But borrowers can only be families that meet certain requirements and need their own housing. Some of the conditions can be seen below.
The program for young families (where the age of at least one spouse on the day of conclusion of the loan agreement does not exceed 35 years) also includes incomplete young families, which consist of one parent and one or more children.
Under the terms of the project, deductions from the interest rate are provided. Moreover, when the family has only one child under 18 years old, the deduction is 0.25%, two or more children - 0.5%. If there are no children at the time of concluding the loan agreement, these benefits apply after they are born. It is also possible to get a payment vacation. The amount of the contribution under this social program is reduced both in respect of repayment of the main debt, and in relation to interest. For example, having paid 10% of the loan, the borrower can expect to reduce the payment by half from the moment of birth.
Preferential mortgage for large families
This category of citizens also has its advantages. Families with three or more children are eligible for preferential mortgage terms. They can expect a partial reimbursement of its amount by the state and a decrease in the interest rate.
Mortgages for the military
Typically, military personnel receive loans for apartments in the secondary market. This type of mortgage, in fact, is free. While the military is in service, an amount is paid for him within the limits of the certificate restriction. Each individual limit.
With a loan amount of up to 2.4 million rubles, the loan rate is regulated. This is similar to a subsidy, but the bank does not receive money immediately, but within a few years.
Mortgage loan for young scientists and teachers
This category of Russians also has favorable conditions when buying a home. For teachers there is a special program for registering a preferential mortgage loan. A young (up to 35 years old inclusive) specialist who meets the following criteria may join it:
- the presence of a teaching experience of at least three years;
- working in the specialty at the time of application.
A reduced loan rate does not cancel the solvency requirements of the borrower: monthly payments should not exceed 45% of his income.
Young candidates and doctors of science, who are scientific employees of universities or academies of sciences, can become participants in the mortgage program for young scientists.
The conditions for borrowers, in addition to the usual ones, will be as follows:
- available degree;
- term of scientific work - from one year;
- work in a scientific institution (research institute, university, academy of sciences, scientific center, and others).
The support program for young scientists is popular in cities where there are a large number of universities and other scientific and educational organizations. For the most part, these include metropolitan and large megacities.
Benefits in the presence of maternity capital
This measure of support can be used as part of a home purchase. Maternal capital contributes to the increase in the available loan amount and the waste of money on the direct repayment of mortgage debt.
The most frequent use of such state support funds is precisely their use to improve housing conditions.
Acquisition of housing on preferential terms
Citizens can buy an apartment by participating in the program for obtaining mortgages with lightened requirements in the locality in which they have permanent registration. It should be borne in mind that the general level of provision with a living space per person should not be above the norm, and the average monthly income should not fall below the subsistence level. Subsidies allocated by the state for preferential mortgages enable borrowers to purchase an apartment without investing their own savings as a down payment.
In addition to the requirements made by government bodies for an applicant for a social loan, there is a certain list of conditions from banks, the fulfillment of which is strictly necessary. These include the term of the borrower, the registration in the service area of the company, and the mandatory consent to life and health insurance of the client.
Conclusion
Mortgage interest rates that exist today make monthly payments inaccessible to most citizens.Help in this situation for employees of state organizations, large families young parents and some other low-income Russians may become a loan on favorable terms. The opportunity to participate in this program greatly facilitates the situation of the inhabitants of our country. The preferential mortgage allows many to solve the urgent housing problem and improve the general living conditions.
