2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
As you know, the housing issue is one of the most burning issues not only in Russia, but also in other countries. Military personnel are no exception in this matter. Many families of soldiers and officers are forced to wander around rented apartments for decades without any hope of their own housing.
To remedy this situation, the government of the Russian Federation has developed a special program. It is called "Military Mortgage". What is new invented by experts? And how will the new program help military personnel get their own housing? Read more about it below.
What is this?
A law that makes life easier for the military was passed back in 2004. As conceived by the government of the Russian Federation, this document is designed to provide military personnel with comfortable housing on preferential terms. The program of the savings and mortgage system (NIS) contributes to this.
So, military mortgage - what is it and how to get it?Let's figure it out. The essence of the program is that any army member can write an appropriate report and start saving for his own apartment. 3 years after filing such an application, you can apply for a mortgage on preferential terms. A feature of such lending is that the debt is paid not from the military's own funds, but by the executive authorities. In particular, the Ministry of Defense. There is a whole division that deals with such issues as mortgages for military personnel. It is on his behalf that money is transferred to a special savings account of a contractor.
Who will get a military mortgage?
If you are a contract soldier of the Russian army and you do not have your own housing, a military mortgage will help you.
What is a "miracle" right for you, you can find out by the following indicators:
- you are an officer and your contract was signed not earlier than 2005-01-01;
- Your service term turned out to be less than 3 years, but you became an officer after 01.01.08;
- midshipman, as well as an ensign, and your contract was issued after January 2005, while you served for more than 3 years;
- soldier, sailor, sergeant or foreman (the conditions are the same);
- a graduate of the military academy (of another educational institution) who received a diploma after 01/01/05 and signed a contract;
- you are a conscript from the reserve.
No other factors, including the presence or absence of spouses, children or registration, affect the possibility of obtaining a military mortgage. the onlythe condition is that the applicant for housing for military personnel must be a member of the NIS (savings and mortgage system) for at least 3 years.
Conditions in 2016
Starting from 2016, there are some changes in the housing issue for the military. The Russian Ministry of Defense decided to abandon the practice of issuing housing "in kind", that is, simply in the form of a house or apartment. Only those army men who signed a contract before 2005 will be able to take advantage of the housing subsidy that existed until that moment. All housing built by the Ministry of Defense by this time is intended for them.
All other military personnel can get an apartment or house on a military mortgage. At the same time, the state decided to dictate its terms of lending. This means that the conditions for registration in any bank participating in the system will be almost identical. For 2016, these conditions are:
- Mortgage for military personnel is issued for a maximum of 25 years. At the same time, at the end of this period, the borrower should be no more than 45 years old. So if at the time of registration you are already 40 years old, you should not expect to stretch the loan for more than 5 years.
- First installment - at least 10% of the cost of the premises purchased by the army.
- Loan rate - 12.5% (average).
- The maximum possible amount for housing for military personnel is 2 million 400 thousand Russian rubles.
- It also remains possible to repay part of the debt through maternity capital and receive additional consumerconcessional loan.
- For a loan to be approved, a soldier must have at least 12 months of uninterrupted work experience, 4 of which at the last place of work.
"Military" step by step
If you decide to take part in the "military mortgage" program, the loan will have to be processed in stages. Therefore, let's take a closer look at all the "circles of credit hell" of the Russian military.
- Issuance of NIS certificate. To do this, you need to submit an appropriate report, which is approved for 2-3 months. After that, the army team will be issued a document that is valid for 6 months.
- Choice of housing. There are no restrictions here, you can choose an apartment or a house in any region of the country. But if you decide to use the help of a re altor, you will have to pay for his services out of your own pocket.
- Determining the place of lending (bank) and signing the contract. More than 20 banking institutions across the country operate under such a program, so you should first find out the conditions.
- Execution of an agreement with the Ministry of Defense. Its employees will study all the documents and put their signatures within ten days. After that, the money will be transferred to the bank account.
- Signing documents for the sale of housing.
- Registration of documents. It usually takes about 7 days.
- And only after all this, the targeted funds are transferred to pay off the mortgage.
Differences between military mortgages and"citizens"
To make it clearer how a military mortgage for a new building or "old" fund differs from a regular home loan, let's make a small table.
| Military mortgage | Regular home loans |
| Can only be obtained by the military - members of the NIS. | Anyone can apply. |
| The debt is repaid by the Ministry of Defense of the Russian Federation. He has a mortgage and is housing. | The apartment is pledged to the bank. |
| The maximum amount is 2.4 million. If this is not enough, you can add from personal funds. | The amount is limited by the solvency of the borrower and his age. How much to give - the bank decides. |
| The home seller sends the original documents to the bank a few weeks before the contract is signed. | Documents are transferred to the bank only after the conclusion of the contract and only for making a copy. |
| The waiting period is increasing due to a possible delay in the transfer of funds from the Ministry of Defense. | Mortgage is issued much faster. |
| Registration of documents confirming the purchase and sale of an object takes a week. | The contract can be registered for about a month. |
| First, a loan is issued, and then a sales contract (then it is submitted for approval to the Ministry of Defense). | All documents are signed simultaneously. |
Do you doubt whether you need a military mortgage? What is it and how to issue, we have already sorted it out. Now let's discuss everythingadvantages and disadvantages of this type of lending.
Pros
Compared to "civilian" housing loans, the interest rate is much lower.
- Funds for the first installment are already available.
- Housing can be chosen in any region, not just where the service takes place.
- You can take part in the NIS regardless of the availability of housing in the property.
- You can buy both a new building and a secondary sector.
Cons
However, such a program has its drawbacks. True, they are not so significant.
- Long transaction procedure. Processing may take more than 2 months.
- To perform finishing work (if housing is purchased in a new building), you will have to take an additional consumer loan.
- Housing is issued directly to the army team, and not to members of his family.
- The terms of the program are valid only in case of continuation of service. Upon dismissal, the borrower is obliged to repay the loan from his own funds. The only exception is going to the reserve for he alth reasons.
Recommended:
What is the salary of military personnel? The average salary of the military
The legendary and invincible Russian army, which has known the joys of victories, nourishes the fighting spirit of more than half of Russian citizens who are confident that the patriotic mood will strengthen the country's position at the world level. Recently, capital investments have been made in defense, the salaries of the military have increased, and the attractiveness of the service has grown significantly
Bearing housing and its types. Do-it-yourself bearing housing
In the mechanisms that are used in everyday life by a person, you can often find such a detail as a bearing. They are in the systems of both household appliances and industrial ones. The bearing housing is part of the part assembly. It comes in different shapes, varieties and sizes
TSZhZ for a soldier. Accumulative-mortgage system of housing for military personnel
The times when everyone could get housing from the state are over. Now the solution of the housing problem falls on the shoulders of those in need. Since 2005, a special Targeted Housing Loan (CHL) system has been in operation for servicemen. The essence of this program will be discussed in this article
List of new productions in Russia. Review of new productions in Russia. New production of polypropylene pipes in Russia
Today, when the Russian Federation was covered by a wave of sanctions, much attention is paid to import substitution. As a result, new production facilities are being opened in Russia in various directions and in different cities. What industries are the most demanded in our country today? We offer an overview of the latest discoveries
"Military mortgage": conditions for obtaining in various banks. Terms of Sberbank and VTB on "Military mortgage"
If you are a member of the NIS and want to take advantage of the opportunity to purchase housing actually at the expense of the state, then you should like the Military Mortgage program. Conditions for obtaining a loan for military personnel are very favorable
