Mat. capital as a down payment on a mortgage: conditions. Documents for repaying a mortgage with maternity capital

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Only a handful of young families manage to independently purchase their own housing, which would meet their desires, with money set aside from their salaries. Of course, this can be the help of relatives, their accumulated money, but the most common type of funds is mortgage lending. The state is interested in young families receiving separate housing, so it has developed a whole system of support for young families.

Maternal Home Improvement Certificate

Today, maternity capital is a significant help for families with two or more children. The program has been running since 2007. It can be spent on expanding living space, including paying off part of the mortgage debt, spending it on paying for the services of a higher educational institution or mom's pension. The most common way for Russian families to use such assistance is the first option. Aftersigning by the president in May 2015 FZ-131 mat. capital as a down payment on a mortgage can be used regardless of the age of birth or adoption of a second child. Since the action of this type of state. support, the rules for the use of such assistance are increasingly expanding. Previously, without waiting for the child to turn 3 years old, it was possible to use only the limited possibilities of such a certificate.

Can the mother's certificate be used as the original year today?

The considered type of state support involves the receipt of a non-cash certificate, which is not exchangeable and can be used by the family only in some cases. Since 2016, the right to contribute maternity capital as a down payment on a mortgage has been legally enforceable. The basis is Federal Law No. 131 of May 23, 2015.

If we talk about the general rules, then maternity capital can be used both as an initial payment and as a repayment of the main loan debt. This is a great opportunity for a young family to reduce their financial burden and pay off their mortgage a little faster than this payment schedule suggests.

Unfortunately, even here it is impossible without difficulties. Not every banking organization easily arranges a mortgage with maternity capital. But there are also banks that draw up such transactions, providing profitable programs. As a rule, today in many organizations the maximum mortgage rate is 14%.

How to apply?

In the event that a family plans to use maternity capital as a down payment on a mortgage, borrowers must meet all the requirements of a banking organization. In most cases, the requirements for obtaining such a loan are practically no different from a regular consumer loan:

1. Candidates must have a permanent place of work and work experience of at least six months. Some banks require as a mandatory requirement - at least a year in the last 5 years.

2. Previously, to calculate a mortgage offer, banking organizations took into account only the legal, confirmed income of the borrower. The “gray” salary could only act as a secondary income, but most often they did not pay attention to it. And until now, large organizations work according to this scheme. But greater competition among financial institutions can benefit borrowers. Some banks take into account any income of a potential borrower, including unofficial ones. It is necessary to learn about the features of these conditions from the employees of the organization during the consultation process. Sometimes it is the indication of this amount that becomes decisive when approving a mortgage.

3. Lack of registered real estate. This condition is valid only for those who wish to apply for a mortgage under preferential programs subsidized by the state.

4. When repayment of a mortgage by maternity capital is used, the allocation of shares to children is mandatory.

5. Forin order to be able to become the owner of a mortgage under the social program, the borrower must have a positive credit history.

How to get a mortgage with maternity capital?

Before initiating the procedure for transferring family certificate funds to repay a home loan, you must go to the Pension Fund and receive this very certificate, which will be the official confirmation of this right.

When the certificate is in hand, future borrowers must decide which banking organization they will cooperate with and where to apply. It is best to visit several banking organizations and calculate a mortgage with maternity capital for all available programs. Only after a thorough analysis of the proposed loan conditions (interest rate, pre-approved amount, additional insurance, etc.) can you apply for registration.

Today there is no need to wait until the child, after the birth of which the family received the right to a mother's certificate, turns 3 years old. If it is necessary to use the funds of the certificate, the owner (i.e., the mother of children) must contact the territorial office of the Pension Fund of the Russian Federation with the appropriate application and a package of documents.

Documents for repaying a mortgage with maternity capital

In order to use the funds of the certificate to fulfill your debt obligations, you will need a certain package of documents. Additional requirements may apply depending on the organization selected. But, as a rule, most banks ask for the following documents to repay the mortgage with maternity capital:

1. Passports of citizens of the Russian Federation and copies of documents. These are: TIN, SNILS, a certified copy of the work book from the place of work. It will not be superfluous to provide a foreign passport or driver's license or PTS.
2. Certificate confirming the right to receive maternity capital.
3. A set of documents that officially confirms the borrower's earnings: a document confirming the absence of debt on mandatory payments, a certificate in the form of a bank on income, or the standard form 2-NDFL can be used.
4. Contract for the sale of an apartment or house.
5. Information about the purchased object: information about the condition of the BTI object, an extract from the house book, a passport with an assessment of the technical condition is required.
6. Official confirmation from the Pension Fund that there really are funds in the account of a potential borrower.
7. Application for registration in shared ownership.

What should be put into the pension fund?

It is important to understand that a mortgage using maternity capital is not a quick procedure. Especially if the buyer does not use the services of real estate agencies and draws up a deal on his own.

After all documents, statements and otherrequested documents, you need to go to the Pension Fund and provide them with some papers. Typically this is:

1. Official paper from the bank, indicating that the borrower really intends to enter into an agreement to purchase a mortgage. As a rule, this document is issued by the bank in the usual form.
2. All general information about the housing facility, which will become the subject of mortgage lending.
3. All documents, as in the case of a bank, belonging to the borrower (passport, SNILS, TIN).
4. It is mandatory to write an application for the transfer of funds indicating the bank details.

Mortgage conditions from the most popular banks

Any financial institution is interested in issuing as many large loan agreements as possible. These types of loans include mortgages under maternity capital. Banks, as practice shows, have different attitudes to obtaining a loan that involves accounting for family capital. Therefore, before deciding to use the mat. capital as a down payment on a mortgage, it is worth studying the conditions of financial institutions. Experts recommend first of all contacting large organizations that are very popular among borrowers.

Mortgage with Sberbank

Perhaps this is the same bank that is ready to provide a mortgage on housing, regardless of its category. So, each borrower can draw up a contract for the purchasesecondary housing, a private house or an apartment in a new building. Mortgage under maternity capital is also possible here. The main requirement of the bank is the mandatory transfer of certificate funds within six months after the conclusion of the transaction.

Official terms:

1. The loan is provided only in national currency.
2. Mortgage rate is 14.5%.
3. Maximum loan term is thirty years.
4. The amount of the down payment must be at least 20 percent.
5. The value of the transaction is no more than 40,000,000 rubles.

VTB 24

The second most popular bank with which borrowers cooperate when applying for a mortgage. The contract can be concluded absolutely for any housing, regardless of its category. That is, it can be private ownership, secondary housing, new building. For the bank, this factor is not decisive. Mortgage under maternity capital is also available here. Basic conditions for concluding an agreement in VTB 24:

1. Operations for the purchase of mortgage housing are made only in national currency;
2. The average interest rate is 15.95%;
3. Maximum mortgage term is 30 years;
4. Minimum transaction fee 20%;
5. The cost of housing should not exceed 30,000,000 rubles.

DeltaCreditBank

If you want to apply for a mortgage at Delta Credit Bank, you need to remember that registration is possible only for primary and secondary housing. Translationcash from the date of conclusion of the contract is possible within a year from the date of signing.

Conditions for obtaining a mortgage using family capital:

1. All transactions and transfers are possible only in the national currency - rubles.
2. The average lending rate is 15.25%.
3. Entry fee 30%.
4. The maximum possible loan term should not exceed 25 years.

Calculation of down payment

As a rule, not every bank provides information about what the size of the down payment will be. Each family wants to understand in advance what conditions it can pull, and therefore wants to calculate the amount of the down payment on its own. In fact, it turns out to be not so difficult. To do this, you need to know the exact cost of housing and the part, expressed as a percentage, that the bank requires as a down payment. So, for example, if an apartment or house costs 3,000,000 rubles, and the bank requires a deposit of at least 20%, it turns out 600,000 rubles. In the event that the family plans to use the mat. capital as a down payment on a mortgage, it is quite logical that in any case it is necessary to pay an additional amount in cash.

If a family relies solely on the help of a certificate, then you can calculate the cost of housing for which it can apply. The formula is simple: size mat. capital x 100 / down payment indicator.

Recommendations

It is important to understand thatmaternity capital is a type of state support, so the amount that is issued at the same time can only be used for specific needs. It is impossible to go and spend it whenever you want. If you plan to use mat. capital as a down payment on a mortgage or as a payment to repay the principal debt, then it is necessary to notify the Pension Fund about this six months before the conclusion of the transaction. The state budget and payments are planned every six months.

In the event that part of the maternity capital has already been used, then the rest cannot be used as a down payment. The only thing that can be done is to reduce the debt under the existing mortgage agreement.

Conclusion

Before contacting the bank, you need to decide for yourself which construction program to give preference to. And although the risk is several times greater when participating in shared construction, the family can win a considerable number of meters, as well as get a mortgage at a better price in terms of monthly payments.