Social mortgage – who should. Terms of social government mortgage lending programs

The content of the article

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• What is a social mortgage
• Interest rate subsidy
• Partial payment of housing by the state
• Buying a home from the state
• Mortgage Benefits
• Who is entitled to a social mortgage?
• Social mortgage for a young family
• Social mortgage for the poor
• Social mortgage for state employees
• How to get a social mortgage
• Where to apply for a social mortgage
• What documents are needed to get a mortgage loan?
• State mortgage lending program
• Mortgage terms for a young family
• Social mortgage for doctors
• Housing Mortgage Military
• Preferential mortgage for young professionals

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Own housing is the dream of many, but not everyone can realize it. Mortgage lending gives a person a chance to acquire square meters, without having the necessary amount. Not everyone is aware that the Russian state offers benefits to socially needy.

What is a social mortgage

A set of state programs with the help of which it is possible to improve the housing situation for people belonging to vulnerable groups of the population – this is a social mortgage. Many do not know that state mortgage loans are provided to persons who are officially recognized as needing housing. These people are not the only ones who really can claim an affordable mortgage. The program provides an excellent opportunity to acquire their own squares for young families, youth and the military, social workers.

Several social mortgage programs have been developed, among which you can choose the appropriate option:

• interest rate subsidy;
• purchase of state housing at a reduced rate;
• payment of a certain amount of the total price of housing.

Interest rate subsidy

Social mortgage lending involves the allocation of this type of subsidy, in which the main focus is to lower the interest rate on the loan. Similar programs are successfully implemented and provided by commercial banks. They are able to issue loans to citizens at a reduced rate and establish a flexible payment schedule. Indeed, for them there is no difference who pays interest – the borrower or the state.

Partial payment of housing by the state

A very popular program among the poor. Its essence is simple: the state repays part of the cost of housing, only the money is not given to the future owner of square meters, but directly to the lending financial structure, which, minus this amount, calculates loan payments for the borrower.

Buying a home from the state

This form of social lending provides for the purchase of living space from the existing housing stock. The form is used to sell housing to certain groups of citizens. Applies to employees of certain structures:

• military personnel;
• some categories of public servants, etc..

Mortgage Benefits

Within the framework of the state program, you can get mortgage benefits in the form of the following options:

• Cash compensation, which can reach 70% of the price of housing purchased under the program. This indicator depends on the amount laid down in the local budget for financing social mortgages..
• Compensation of interest and principal of a loan. As a rule, benefits are provided during the first few years and are reduced every subsequent year..
• Benefit providing for the payment of part of the down payment.
• Providing a mortgage at a special rate from a specific organization with the ability to issue a loan.

Who is entitled to a social mortgage?

There are certain requirements for obtaining a loan. The state mortgage is provided to those in need and living in dwellings that are deemed inappropriate for living, emergency or demolished. If we distinguish other groups of citizens who are covered by the social library, then these families will be supplemented by young families where the spouses have not reached the age of 35.

Large families with dependent children of 3 or more also have the right to become full-fledged participants in the social program. A loan will be issued to those participating in the hostilities in Afghanistan, Chechnya and Syria and defending the country’s honor, employees of budgetary organizations, young specialists, employees and employees of state authorities, scientists and a number of other categories participating in the state program to improve housing conditions.

Social mortgage for a young family

Young families have the right to rely on the purchase of their own housing through the use of soft loans. Mortgage for young families offers newlyweds to receive a bonus from the state, which equals 30% of the total price of the acquired property, if they have not yet had time to get a child. If there are children, then the state compensates 35% of the amount. When the registration of a social mortgage has already taken place, and the newlyweds have a baby, the state will help in this case. A family is entitled to a subsidy of at least 5% of the total housing price.

Cash is not issued to a young family – spouses receive a special certificate, which is presented at the financial institution upon receipt of a loan, and the state transfers the funds directly to the bank. Newlyweds have the right to choose how they are comfortable spending this benefit. It can be used to pay off part of the down payment, to pay part of the cost of housing or to pay the down payment.

Social mortgage for the poor

Not all people have the opportunity to buy their own housing in the absence of not only the necessary funds, but also the ability to earn them. Mortgage for low-income families is an opportunity that helps these citizens become owners of their own squares. To obtain a loan, you need to prove that a citizen or family is poor. The options for providing cash are the same as for all other citizens who need housing.

Social mortgage for state employees

Although the income of employees of budgetary organizations is stable, it cannot be said that it is high. Not all banks are willing to lend money to them for housing. The state has developed a special program for them, which is called a social library for state employees. The preferential mortgage for young professionals of budgetary institutions is allocated for a period of 25 years and has its own characteristics inherent in this loan product.

Take advantage of the social benefits for public sector employees can not all employees in this field, but only those who are considered valuable professionals. These include teachers, doctors, scientists. In addition, they must need their own square meters. The state requires workers not to change the scope of activity throughout the entire mortgage term.

How to get a social mortgage

It may seem simple to get a soft loan. Firstly, it is worth knowing that the conditions for obtaining a social mortgage in each region are different, so it will not be out of place to ask the competent authorities about the benefits provided. Secondly, a person applying for a social security loan should stand in line for improving housing conditions.

Where to apply for a social mortgage

In order for the social mortgage program to start working, those applying for it need to contact the local administration and the bank, which will act as the lender, since there may be certain nuances in obtaining a loan. It’s much easier to become a participant in the Moscow region than in Moscow itself. Some commercial banks may present their requirements for future borrowers, such as, for example, length of service or minimum income. All this should be considered before applying..

What documents are needed to get a mortgage loan?

The list of documents may vary, but there are certain documents necessary for obtaining a mortgage loan, which each applicant will necessarily require:

• documents giving the right to apply for a loan;
• certificates showing income;
• identity documents;
• documents showing seniority;
• Marriage certificate;
• application for a mortgage;
• other documents that may be requested by the bank.

State mortgage lending program

It is worth knowing that all the proposed social programs for the purchase of housing in the framework of state support for those in need imply only assistance in partially repaying the debt in various ways, but not in any way the full cost of the purchased housing. The program applies to citizens who do not own personal housing. In addition, people living in communal apartments, hostels, rental housing and citizens who own less than 14 squares per person can count on help..

Each year, the state reviews the amount of money allocated, so it depends on how much the needy can receive. The program stipulates that the maximum age limit for men is fixed at 60 years. Women can take help with the upper bar at 55 years old. Some banks, such as Sberbank, increased this parameter to 75 years. The contract is concluded exclusively in rubles for the construction of new housing or the purchase of an apartment in the secondary market.

Under the program, the borrower will be asked to insure the acquired housing for the entire duration of the loan, as well as to carry out personal insurance. Several banks (metropolitan and regional) work with the state lending program, which are partners of AHML – the Agency for Housing Mortgage Lending:

• Bank of Moscow;
• Sberbank of Russia;
• Bank opening;
• VTB 24;
• Gazprombank;
• TranscapitalBank;
• UralSib.

Mortgage terms for a young family

The age of 35 years is the qualification that is presented to applicants, but some banks have increased this figure. Young people must be members of a registered union and be registered with the needy. According to the terms of the mortgage for young families, a loan is issued on the basis of a housing area of ​​40 meters, if the family consists of 2 people, if its composition is larger, then the calculation is based on the rate of 18 meters per person.

Social mortgage for doctors

In each region, a mortgage for doctors has its own nuances. It is noteworthy that the program covers not only doctors, but also nurses – everyone who has a higher or secondary specialized medical education. A prerequisite for workers in the field will be the need to work out in the region where they plan to purchase housing in the framework of a social library for at least 5 years.

One of the hallmarks of this program for medical personnel is a low down payment. Today it is 10%. In addition, the interest rate on social security loans for doctors at Sberbank and other banks is lower than for ordinary citizens. The age limit is still 35 years. The specialist should stand in line for those in need, which confirms a certain document.

Housing Mortgage Military

Military mortgage – the so-called social mortgage for the military. The best conditions are offered for this category of citizens, but the only thing a soldier needs to do is to be a participant in the accumulative-mortgage system (NIS) for at least 3 years, from which the military are credited. To obtain a loan, you must provide a certificate, which can be obtained by writing a report to the unit commander.

Preferential mortgage for young professionals

Young specialists are considered graduates of educational institutions who have worked in the specialty for a year. Social mortgage for young professionals depends on the profile of the institution they graduated from (medical, military, etc.). For young people, there is provided not only a preferential rate on a loan, but also a flexible repayment schedule. Recalculation of the interest rate is possible due to replenishment in the family of the borrower – the birth of a child. In addition, specialists can use maternity capital.