Mortgage benefits for the birth of a child. Mortgage benefits at the birth of a child (first, second or third), write-off, compensation. Writing off part of the loan
Under the new law, many families will now be able to receive a reduced interest rate on mortgage loans, which is 6%.
However, there are several important nuances that you need to know about before applying.
Mortgage benefits are regulated by Presidential Decree Pr-2440, clause 2 and Decree of the Government of the Russian Federation No. 1711 “On approval of the Rules for the provision of subsidies from the federal budget to Russian credit organizations and the joint-stock company “Housing Mortgage Lending Agency” for compensation of lost income on issued (purchased) housing ( mortgage) loans (loans) provided to citizens of the Russian Federation with children"
According to current regulations, the validity period of a preferential mortgage is 3 years, starting from January 1, 2018 until December 31, 2020.
However, there is a possibility of its extension if successful. It is too early to draw conclusions now, since this measure of social support does not last long. The first results can be seen only after a year.
The law does not only apply to biological parents. People who have adopted children may receive a reduction in mortgage rates. But in this case, it is not the date of birth of the baby that plays a role, but the moment of his transfer to the family.
Mortgage benefits
At the birth of the first child
Unfortunately, for families in which their first child was born after January 1, 2018, the mortgage rate is not expected to be reduced. Cash payments are provided for them. .
At the birth of a second child
Based on Article 1, Clause 4 of Federal Law No. 418 “On monthly payments to families with children,” parents can apply for a payment plan that will be paid from maternity capital funds.
In addition, upon the birth of a second baby after January 1, 2018, such families can receive a mortgage loan or refinance an existing mortgage at a rate of 6%.
The mortgage grace period for such families will be three years. During this time, the loan rate in excess of 6% is paid by the state.
At the birth of the third child
The birth of a third baby allows the family to increase the term of the preferential mortgage to 5 years.
Conditions of receipt
Applicants for mortgage subsidies must meet current requirements, namely:
To receive subsidies, continuous work experience for hired workers in the last place must be at least 6 months, for individual entrepreneurs - two years of break-even business activity.
List of banks
The list of credit institutions participating in the state program is quite extensive. Today you can get a social mortgage in:
The list of financial and credit organizations that join the state program is constantly expanding. Therefore, it is necessary to clarify current information with specialists of a particular bank.
In fact, it turns out that the lender sets a standard interest rate, and the state compensates for part of the borrower’s costs in such a way that he only needs to overpay 6% per year.
Required documents
To obtain a preferential mortgage from a bank, you must provide a standard package:
Refinancing an existing mortgage
If a family already has a mortgage loan for a new building, but has not taken advantage of existing refinancing opportunities, then such an opportunity arises with the birth of the second and third child.
The terms of the reduced rate on the existing loan will be the same as stated above. In this case, the existing loan must be repaid without delay for at least six months.
To apply for refinancing under the program you need:
- child's birth certificate;
- application from the borrower to reduce the interest rate;
Your bank may not be on the list of participants. In this case, you need to contact the participating bank to conclude a new agreement.
For the previous loan, the loan is repaid using bank funds and a new agreement is concluded with the borrower. At the end of the grace period for lending, the interest rate returns to the level of the key rate of the Central Bank of the Russian Federation + 2%
Nuances of subsidizing
There are several important nuances when lending and applying for subsidies that you need to know about. Otherwise, you can waste time without getting anything.
Is there a subsidy for the birth of twins?
Yes, parents have the right to receive it. If the kids are the first and second children in the family, then the period of preferential mortgage lending will be three years.
If a second and third child are born at the same time, the preferential loan period will be five years.
Maternity capital is also due at the birth of two children at the same time.
Is it possible to make a down payment using maternity capital?
If a particular bank works with a maternity capital program, then borrowers have the opportunity to use it as a down payment.
Federal Law No. 256 dated December 29, 2006 “On additional measures of state support for families with children” describes in detail how to properly act to use this money to obtain a mortgage.
Is it possible to get benefits if children were born before January 1, 2018?
This opportunity is not available to biological parents, but is present to adoptive parents.
It is necessary that the agreement for the transfer of the child to the family be drawn up after this date.
The right to receive a subsidy for parents with children of their own appears only upon the birth of a baby in 2018.
Is it possible to buy secondary housing under the program?
The law provides for the purchase of housing only on the primary market.
However, when refinancing a housing loan agreement, you can receive a subsidy if the housing was purchased on the primary market and was put into operation after paying off the loan.
See the video below for useful information:
Thus, the requirements for this subsidy are quite flexible, so many can afford to buy real estate on preferential terms and receive social benefits upon the birth of children.
Legal basis
Under the new law, many families will now be able to receive a reduced interest rate on mortgage loans, which is 6%.
However, there are several important nuances that you need to know about before applying.
Mortgage benefits are regulated by Presidential Decree Pr-2440, clause 2 and Decree of the Government of the Russian Federation No. 1711 “On approval of the Rules for the provision of subsidies from the federal budget to Russian credit organizations and the joint-stock company “Housing Mortgage Lending Agency” for compensation of lost income on issued (purchased) housing ( mortgage) loans (loans) provided to citizens of the Russian Federation with children"
According to current regulations, the validity period of a preferential mortgage is 3 years, starting from January 1, 2018 until December 31, 2020.
However, there is a possibility of its extension if successful. It is too early to draw conclusions now, since this measure of social support does not last long. The first results can be seen only after a year.
The law does not only apply to biological parents. People who have adopted children may receive a reduction in mortgage rates. But in this case, it is not the date of birth of the baby that plays a role, but the moment of his transfer to the family.
Mortgage benefits
At the birth of the first child
Unfortunately, for families in which their first child was born after January 1, 2018, the mortgage rate is not expected to be reduced. Cash payments are provided for them. Read more about them here.
At the birth of a second child
Based on Article 1, Clause 4 of Federal Law No. 418 “On monthly payments to families with children,” parents can apply for financial monthly assistance, which will be paid from maternity capital funds.
In addition, upon the birth of a second baby after January 1, 2018, such families can receive a mortgage loan or refinance an existing mortgage at a rate of 6%.
The mortgage grace period for such families will be three years. During this time, the loan rate in excess of 6% is paid by the state.
At the birth of the third child
The birth of a third baby allows the family to increase the term of the preferential mortgage to 5 years.
Conditions of receipt
Applicants for mortgage subsidies must meet current requirements, namely:
- the birth of the baby must occur after January 1, 2018, since, based on the Constitution of the Russian Federation, the law does not have retroactive force;
- the child and his parents must have Russian citizenship;
- secondary housing is not included in the program;
- the family must make a down payment of at least 20% of the cost;
- payment method is annuity (in equal shares);
- the rate is subsidized only for economy-class housing (worth no more than 8 million rubles for Moscow and St. Petersburg; no more than 3 million rubles for other constituent entities of the Russian Federation;
- borrowers and housing must be insured during the program period;
- the subsidy applies only to the purchase of housing from legal entities;
- The solvency of borrowers is confirmed by income certificates.
To receive subsidies, continuous work experience for hired workers in the last place must be at least 6 months, for individual entrepreneurs - two years of break-even business activity.
List of banks
The list of credit institutions participating in the state program is quite extensive. Today you can get a social mortgage in:
- Sberbank;
- VTB 24;
- AHML;
- SMP Bank;
- AK Bars;
- DeltaCredit;
- Gazprombank;
- Absolut Bank;
- Rosselkhozbank;
- Uralsib;
- Promsvyazbank;
- Raiffeisenbank.
The list of financial and credit organizations that join the state program is constantly expanding. Therefore, it is necessary to clarify current information with specialists of a particular bank.
In fact, it turns out that the lender sets a standard interest rate, and the state compensates for part of the borrower’s costs in such a way that he only needs to overpay 6% per year.
Required documents
To obtain a preferential mortgage from a bank, you must provide a standard package:
- passports of the title borrower and co-borrower;
- marriage certificates and birth certificates of children (at least one must be born after January 1, 2018;
- income certificates in form 2-NDFL or in the bank form from all participants in the transaction;
- documents for the property;
- application form;
- preliminary purchase and sale agreement.
Refinancing an existing mortgage
If a family already has a mortgage loan for a new building, but has not taken advantage of existing refinancing opportunities, then such an opportunity arises with the birth of the second and third child.
The terms of the reduced rate on the existing loan will be the same as stated above. In this case, the existing loan must be repaid without delay for at least six months.
To apply for refinancing under the program you need:
- child's birth certificate;
- application from the borrower to reduce the interest rate;
Your bank may not be on the list of participants. In this case, you need to contact the participating bank to conclude a new agreement.
For the previous loan, the loan is repaid using bank funds and a new agreement is concluded with the borrower. At the end of the grace period for lending, the interest rate returns to the level of the key rate of the Central Bank of the Russian Federation + 2%
Nuances of subsidizing
There are several important nuances when lending and applying for subsidies that you need to know about. Otherwise, you can waste time without getting anything.
Is there a subsidy for the birth of twins?
Yes, parents have the right to receive it. If the kids are the first and second children in the family, then the period of preferential mortgage lending will be three years.
If a second and third child are born at the same time, the preferential loan period will be five years.
Maternity capital is also due at the birth of two children at the same time.
Is it possible to make a down payment using maternity capital?
If a particular bank works with a maternity capital program, then borrowers have the opportunity to use it as a down payment.
Federal Law No. 256 dated December 29, 2006 “On additional measures of state support for families with children” describes in detail how to properly act to use this money to obtain a mortgage.
Is it possible to get benefits if children were born before January 1, 2018?
This opportunity is not available to biological parents, but is present to adoptive parents.
It is necessary that the agreement for the transfer of the child to the family be drawn up after this date.
The right to receive a subsidy for parents with children of their own appears only upon the birth of a baby in 2018.
Is it possible to buy secondary housing under the program?
The law provides for the purchase of housing only on the primary market.
However, when refinancing a housing loan agreement, you can receive a subsidy if the housing was purchased on the primary market and was put into operation after paying off the loan.
See the video below for useful information:
Thus, the requirements for this subsidy are quite flexible, so many can afford to buy real estate on preferential terms and receive social benefits upon the birth of children.
posobie.online
Today, throughout the Russian Federation, social programs continue to operate in support of young families with minor children. These programs are supported by almost all banking institutions, and Sberbank is no exception.
The state finances assistance to the population at the federal or regional level. Accordingly, in different parts of the country the conditions, preferential categories and cash payments will be slightly different. In turn, banking institutions offer a number of favorable conditions for their current and potential clients, thereby helping to solve their housing problems. For example, when the state provides the poor with additional material assistance, Sberbank offers reduced interest rates, as well as revisions of payment periods, that is, deferments, cooperating with subsidies from 
government.
In practice, Russian citizens take out a mortgage, often choosing Sberbank, since this non-governmental institution, even in times of crisis, is stably supported by the government. In other words, this is a kind of assurance of reliability, which is an extremely important nuance when applying for a loan for a very significant amount and for a long time.
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What Sberbank offers
Even if the mortgage was taken out by a childless young family, after the birth of children, mortgage programs change their conditions. This happens immediately after the child is born, but borrowers must report this themselves. That is, the birth of a baby gives his parents or parent, if we are talking about a single mother or father, the right to ask for a reduction in interest on the loan, deferment or partial repayment of the debt at the expense of the state budget.
Conditions vary depending on whether it is the first child in the family, the second or the third. For example, at the birth of the first, you can ask for a deferment, at the birth of the second, maternity capital is issued, and the third gives the right to ask to write off the balance of the debt or part of it, depending on the amount of the unpaid mortgage.
Social assistance from the state in cooperation with Sberbank is provided, among other things, by such programs as:
- Mortgage involving maternity capital (for the purchase or construction of housing);
- Assistance to young families for spouses who are under thirty-five years of age;
- Loan restructuring with partial repayment of debt or reduction of monthly payments for up to one and a half years.
Benefits of the program
After studying and analyzing banking products that are related to mortgage lending, experts note the following advantages:
- The birth of the first child in the family provides the right to apply for a deferment of monthly payments for the period until the child reaches three full years of age;
- When a second child appears, a deferment is granted for up to five years, but loan interest must be paid;
- Banks are allowed to reach the amount of the borrower's debt up to ninety percent of the cost of housing;
- With the arrival of a child in the family, a recalculation is carried out and a concession is provided in the form of a down payment of ten percent of the price of living space (for comparison, childless families need to pay fifteen percent, and other Russians need to pay twenty percent);
- The possibility of early repayment of the mortgage without paying fines and hidden fees, which is not available to single citizens and families without children;
- The loan installment after the birth of children cannot be more than 9.5, 15 or 25%.
However, rushing to make a decision is not always wise. You should weigh all the advantages and disadvantages, analyze and compare several different proposals, comparing them with your immediate plans for the future.
Governmental support
The Government of the Russian Federation has entered into several significant agreements with Sberbank. Thanks to them, young families with children have the opportunity to pay off their home mortgage in a simplified manner and also bear less financial burden.
What you can claim:
- The first child makes it possible to receive a larger subsidy from the state, equal to the amount to pay for eighteen square meters of living space. This is a regional program, and therefore local authorities, that is, the administration, can increase the amount of payment, referring to the local budget. For single parents under the age of thirty-five, there is a chance to become a participant in the program to help young families. It is also possible to defer a mortgage upon the birth of a child, and Sberbank provides it after the birth of the first child.
- With the advent of a second newborn or officially adopted baby, the family has the right to claim payment from the state for an additional eighteen square meters of living space, that is, already thirty-six square meters.
When a child is born, Sberbank writes off the mortgage only if it is a third minor. However, it should be borne in mind that this is a very difficult procedure. You will need to collect a lot of documents and spend a lot of time and effort. The amount the government will provide to pay off the mortgage depends on the value of the property and the amount already paid.
Write-off procedure
To write off a mortgage issued through Sberbank, you must go to the territorial branch of the Pension Fund with previously prepared documents. The sooner this is done, the better for the loan payers. The required list of papers includes:
- Originals and copies of parents’ passports and birth or adoption certificates of young children;
- Original and copy of the certificate for maternity capital, guaranteeing the closure of the amount of debt, if available;
- A copy of the mortgage agreement concluded with Sberbank;
- Documents certifying the ownership of the residential property for which the loan was issued (certificate of ownership, extract from the Unified State Register of Real Estate, purchase and sale agreement, papers on the construction of a private residential building, etc.);
- Certificate of state registration of marriage (not necessary for single parents);
- Statement of the balance of debt from the bank.
For residents of large settlements, the Pension Fund office usually needs to make an appointment in advance. There is a live queue without an appointment. After receiving the application with documents, the responsible employee will set a date when you can appear for the result.
Influence of the status aspect
An equally important aspect when applying for government assistance for a loan from Sberbank is the list of categories of persons who have a preferential right to this.
These include:
- Adult, capable citizens with natural or officially adopted children;
- Participants in combat operations with a veteran's certificate;
- Individuals with disabilities;
- Families with dependent children with disabilities.
When borrowers submit all required, correctly completed documents that contain accurate information, their application will be approved. After approval of the application, the funds are transferred to a current account separately opened for this purpose, or directly to a bank account, from where they will be debited to pay off the mortgage.
After this, in order to avoid controversial situations, it is advisable to obtain from the Pension Fund the appropriate receipt for the transfer of funds, which will serve as proof of this fact. This is an important point, since sometimes confusion arises, and the bank, after paying the mortgage, continues to demand further repayment. This is not a big problem, but this happens when the mortgage is written off at the birth of a child and Sberbank does not receive timely notifications from government agencies.
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Concerned about increasing the population, the Russian authorities regularly initiate the adoption of various programs. And if everyone knows about maternity capital, then measures such as mortgage benefits at the birth of a child are not so in demand. There are new projects that are still under development.
Let's figure out what kind of help the state is ready to provide. How is the mortgage reduced upon the birth of a child?
General description and purpose of benefits
The state is interested in population growth. This is his wealth. In modern conditions, young families are limited to one or two children.
Having carefully examined the problem, we found out that there was only one limiting factor: the housing issue. Buying an apartment is expensive. Apply for a loan - there is not enough money for children.
Therefore, the government has developed a system of measures to provide families with benefits upon the birth of a child on an existing mortgage.
Benefits are provided exclusively to citizens of the Russian Federation.
The loan is written off partially or completely. This depends on the number of heirs, the age of the parents and the characteristics of the region, the rules of the banking institution.
Repayment of part of the mortgage within the framework of an existing project
The program “Affordable Housing for Young Families” has been running since 2011.
Families who decide to take out a loan have the opportunity to slightly reduce its amount when they give birth to their first, second and third child.
There are certain conditions that potential participants in the program must meet.
Namely:
- the applicant's age is limited to 35 years (one of the parents);
- The area of the apartment should not be more than 15 square meters. m per person.
Not all banks work with the budget. When applying for a loan, you should clarify this issue. Otherwise, it will be impossible to take advantage of legal subsidies.
The state covers the family's housing costs only partially.
The program contains the following standards:
- upon the birth of the first child - compensation for the cost of 18 sq. m (at market prices in the region);
- the second - another 18 square meters. m;
- third - 100% mortgage.
Young people can apply for a loan and take advantage of the benefits after the birth of the baby.
Where to contact
The mortgage is not automatically written off upon the birth of a child. It is necessary to puzzle states with their problems.
To do this, you should go to the district administration with the package of documents listed below. There they will check your papers and ask you to fill out an application form.
You should have with you:
- passports (mom and dad or one if the family is single-parent);
- birth certificate of the baby (all children);
- Marriage certificate;
- loan agreement;
- document on home ownership;
- certificate of debt.
Make copies of all documents. For passports, in addition to the first page, you should also photocopy the registration page. Review of the application will take some time.
The bank writes off the mortgage at the birth of the first (and other) children only after making a positive decision. If your family has financial difficulties, you can take advantage of another benefit during this time.
Program conditions vary by region. Details should be checked with local authorities.
Do you need expert advice on this issue? Describe your problem and our lawyers will contact you as soon as possible.
Features of debt write-off at the birth of a second baby
The program under which a family receives maternity capital has been extended to 2018.
This means that they can cover the mortgage when the newlyweds have a second child. At the same time, the loan write-off benefits mentioned above do not intersect in any way with the use of maternal money.
That is, people can take advantage of both types of subsidies and invest them in their apartment. This allows you to reduce your debt to the bank.
Maternity capital can be used to pay off any mortgage, not just taken out under the state program.
Complete debt write-off
Some families have the right to write off their mortgage; they receive it at the birth of their third child. To do this, you need to contact the Pension Fund (local branch).
The mortgage upon the birth of a third child is written off upon presentation of the following documents:
- certificate for mother's money;
- birth certificates of children;
- marriage certificates;
- loan agreement;
- ownership of a house purchased with a loan;
- certificates about the balance of the debt.
Copies are provided to the Pension Fund office; the originals should be brought with you at the appointment. After verification, the money will be sent to the bank. The loan will be closed.
The algorithm is valid for families who have received a loan under the state program. If you took out another loan, you should reissue it, taking advantage of the current government preferential offers.
Deferred payments in 2018 - benefits from the bank
Some financial institutions are accommodating to young families. They provide a deferment on the principal mortgage payment when children appear.
Thus, VTB and Sberbank offer the following benefits:
- when the first baby appears - a delay of up to three years;
- the second - until five.
To apply for a benefit, you must write an application to a financial institution. Attached to it is a copy of the child’s registration certificate with government agencies (birth certificate).
Not all banks provide these benefits. When applying for a loan, you need to find out about the rules of the financial institution.
Dear readers!
We describe typical ways to resolve legal issues, but each case is unique and requires individual legal assistance.
To quickly resolve your problem, we recommend contacting qualified lawyers of our site.
Changes in 2018
Reducing mortgages at the birth of a child in 2016 was tested in several regions.
So, in Mordovia, mortgages are written off:
- at the birth of the first child 10%;
- second - 10%;
- third - 30%;
- fourth - completely.
In 2016, as part of the “Providing Housing for Young Families” program, the state paid 5% of the cost of housing to citizens. Mother's money is used for the same purposes throughout the country.
The experience of the regions led to the idea of creating a new children's housing deduction program. It provides for a reduction in lending rates. So, according to the project, after the birth of two children, it will decrease by 50%, and after three - 100%.
For now these are just proposals. Their implementation requires enormous funds. It is unknown whether such a program will be adopted in 2018.
Young people always have the opportunity to participate in existing programs, for example, “Housing” or others mentioned above.
Our experts monitor all changes in legislation to provide you with reliable information.
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lgoty-vsem.ru
Some credit organizations, in collaboration with the state, provide families who have the status of mortgage loan borrowers with various mortgage subsidies upon the birth of a child.
Subsidies and benefits for a mortgage at the birth of a child - legal requirements for a mortgage participant to receive benefits
Today, the state and banks are developing various preferential programs so that a young family can repay a loan agreement while having children.
Preferential conditions offered by banking organizations include:
- Possibility of paying off obligations by transferring benefits paid by the state;
- Possibility of obtaining a deferment in loan repayment;
- Registration of restructuring.
State assistance programs for families with children and mortgage obligations:
- Family participation in the federal program to improve housing conditions for young families;
- Providing maternity capital funds to repay the loan;
- Complete write-off of debt to the bank, at the expense of public funds, in the event of the birth of a third child or the presence of more than three children in the family.
In order for a family to receive benefits, the following requirements must be met:
- Age no more than 35 years;
- Persons are in a relationship that is officially registered;
- Previously there were no delays in making payments;
- The area of the residential premises is equal to the area established by federal legislation (1-room apartment - 28 m2, 2-room apartment - 44 m2, 3-room apartment - 56 m2);
- The family has the status of a participant in a program to improve their living conditions.
Mortgage write-off at the birth of a child
Write-off of a mortgage upon the birth of a child is carried out in cases where the family is a participant in a federal program aimed at providing a young family with the best living conditions.
This program involves a personal appeal by the interested person to the authorized body. If at the time of application the family already has a mortgage loan, then it needs to transfer it under the terms of the social program.
The conditions for debt forgiveness are different for families who have one child, for families with two children, as well as for families who have three children.
The minimum amount to be written off is equal to the cost of 18 square meters of living space.
Mortgage at the birth of the first child
Mortgage at the birth of the first child can be repaid in several ways:
- Funds that are allocated to the family as a subsidy, the amount of which is equal to the cost of 18 m2;
- The opportunity to receive funds aimed at supporting a single mother raising a child on her own;
- One of the parents, who is a borrower, can contact the banking institution where the loan was issued to obtain a bank holiday or restructure the obligation. Bank holidays are a period of time during which the borrower does not make mandatory payments. Such a condition, for example, exists in programs implemented by Sberbank.
Restructuring is a reduction in the amount of monthly payments by paying, for example, only interest on the loan.
Mortgage write-off at the birth of a second child
Mortgage write-off at the birth of a second child carried out in relation to families participating in the program. The amount of such write-off is equal to the cost of 36 m2 of residential premises. Municipal authorities have the right, if available funds are available, to increase the size of paid residential premises.
In addition to write-offs, the family has the right to apply to the state body of the Pension Fund for the payment of funds provided for the family by the federal program for the issuance of maternity capital.
The family also has the right to apply to the bank for a vacation or restructuring of the remaining debt.
Mortgage at the birth of a third child
The mortgage at the birth of a third child can also be written off by making payments from the federal budget of the country or the regional budget.
The write-off amount is 100% of the debt existing after the birth of the third baby.
In addition, if the family has not previously used maternity capital funds, then these funds can be transferred to the account of a banking organization as payments.
Some constituent entities of the Russian Federation pay regional maternity capital to families with three children, which can also be used as a source of loan repayment.
Where to contact
Depending on the method of debt repayment, the family may apply to:
- To the municipal body responsible for registering families who need improved housing conditions, based on the requirements of the “Affordable Housing for Young Families” program. Typically, this authority is the local housing department or the housing department of the city administration.
- If a family wishes to use maternity capital as a payment to repay a mortgage loan, then they should contact the territorial branch of the Pension Fund.
- If the loan program has a condition for providing benefits to the borrower in case of children, then you should contact the credit institution that issued the loan.
Procedure for receiving benefits or writing off part of the loan
So, if a family wants to write off the mortgage at the birth of a child or receive mortgage benefits at the birth of a child, then it is necessary to contact the appropriate authority.
The housing authority reviews submitted applications within a period that cannot exceed two weeks. After the employee has reviewed the application and documents, he must notify the applicants of the decision made regarding them.
Notification, as a rule, is carried out using postal communication (if another method of communication was indicated in the application, the applicant is notified using it).
If a positive decision is made, the family is added to the list of families that need improved housing conditions.
Funds are distributed among families on a first-come, first-served basis. When it’s the applicants’ turn, they will be issued a document confirming the transfer of funds, and the funds will be transferred to a bank account.
To receive maternity capital funds, you must contact the Pension Fund branch at your place of residence. Review of submitted documents and their verification is carried out within 30 days.
If a family wants to get a restructuring or a bank holiday, then they should, as previously said, contact the institution that issued the loan.
The application is reviewed within a period of no more than a week, after which a decision is made. If the decision is positive, then an additional agreement is drawn up, where the terms of debt repayment are revised and a new payment schedule is determined.
Documents for registration
In order for the authorized body to consider an application for writing off a mortgage, providing capital, or changing the terms of loan repayment, it is necessary to prepare the following package of documents:
- You must submit to the housing department:
- Documents confirming the identity of the spouses;
- Document on the birth of the child/children;
- A document confirming the official registration of marriage;
- Statement of the amount of debt;
- Document on the rights to residential premises;
- Document about persons registered in the residential premises.
- The following should be submitted to the Pension Fund:
- Application for transfer of funds to repay the obligation;
- Certificate
- Mortgage Loan Agreement;
- Bank account for transferring funds;
- A document confirming ownership of a residential property.
Conclusion
So, if a family has a child and has obligations to a banking organization, then there is no need to worry. Today, there are various measures to support families in such cases, provided both by the state and by the banks themselves.
Deferment is provided for 3 (one child) and 5 years (2 or more children). In practice, most often, the deferment is given for only 1 year. At the same time, the family still has to pay interest.
There are also a number of requirements. For example, a mortgage must be taken out for an apartment or must be issued with government support.
The deferment does not apply to a loan taken to purchase a house or land.
Attention! A family's marriage must be officially registered. In addition, a certificate of birth of the child is required. Only if these requirements are met can you expect to receive a deferment.
There are also certain requirements that the family and housing must meet. This will be discussed below.
Maternal capital
This measure of state support is a certain amount that the state pays after the birth of the second child to cover part of the mortgage debt. Parents “don’t see” money, i.e. They apply to the Pension Fund, they are given a certificate, and with this document they go to Sberbank. It turns out that the transfer of funds is carried out by the Pension Fund itself.
Loan restructuring
Restructuring is a revision of the terms of mortgage repayment. Those. the borrower is given a new payment schedule, perhaps with a longer repayment term, but with a lower monthly payment. As you can see, the amount is not written off, it is simply “stretched” over a longer period of time.
To restructure, you need to contact the bank that issued the mortgage with an application. The decision is made within a week. If Sberbank approves such a step, then an additional agreement is drawn up to the main mortgage agreement, which specifies new conditions.
Conditions for reviewing the repayment process
There are 3 lists of requirements. The first concerns borrowers:
- They must be in an officially registered relationship. Those. “civil” marriage is not allowed.
- Both spouses must be under 35 years of age. If more, they are not covered by the program.
- Be citizens of Russia.
- Do not own any more real estate other than a mortgage.
- Have a certain level of income that would guarantee that the spouses are able to cover the remaining amount of the mortgage after the state covers part of it.
- Have insurance for life and housing.
- No delays under the mortgage agreement.
The second list of requirements concerns a mortgaged apartment. It must have a certain area that meets federal standards, i.e. per person there must be a minimum of 18 sq.m.
And finally, the 3rd list includes mortgage requirements. It must be taken for an apartment (not a house or a plot!). Besides, the loan should be issued for housing located in a new building, and not in an old building.
You can find out more about deferring payments, writing off and repaying your mortgage after the birth of a child.
Support measures from the state and Sberbank
The appearance of the first child
All support measures are available from Sberbank (restructuring, deferment, writing off part of the debt) listed above, except for the parent certificate. Nuances:
- The deferment is granted for a maximum of 3 years.
- When writing off the mortgage, 35% of the cost of housing is covered.
If the second and third baby is born
The deferment is provided for a maximum of 5 years, and mortgage write-off already covers 40% of the cost of housing.
In addition, upon the birth of a second child, parents can apply to the Pension Fund to receive maternity capital and use it to pay part of the mortgage amount at Sberbank.
There is also unconfirmed information on the Internet that some regions completely write off the mortgage after the birth of the 3rd child. There is no such information on the “Young Family” official website. For clarification, it is better to contact your local Sberbank branches.
Procedure for writing off payment obligations
The entire algorithm of actions looks like this:
- Check yourself for compliance with the requirements listed above.
- To write an application.
- Collect the necessary documents.
- Contact the housing department of the district administration to take part in the state program.
- Wait within 2 weeks for a decision to add your family to the queue to receive funds.
- Receive a notification from the administration (usually sent by Russian Post) about the decision made.
- If the decision is positive, wait again, but for an indefinite amount of time, for the funds to be transferred to the bank account (the time is not strictly limited, since the money is received on a first-come, first-served basis).
- Receive a document certificate confirming the transfer of funds to the bank account.
- Give the certificate to Sberbank in order to fully complete the procedure for repaying part of the mortgage at the expense of the state.
Important! When registering, the following principle applies: “The sooner, the better.” If the spouses are already approaching the age threshold of 36 years, then they may simply not have time to receive the money, because they will no longer meet the requirements.
How to write a statement?
Filling out the application is intuitive. But we will still break it down point by point:
- The full name of the local government body is written at the top.
- A little lower after the words: “ Please include me…” the full name of the husband (spouse) and his date of birth are indicated.
- Husband’s passport details (series, issued by whom and when).
- Husband's residential address.
- Full name of the wife (spouse) and her date of birth.
- Wife's passport details (series, issued by whom and when).
- Spouse's place of residence.
- Information about children: full name, date of birth.
- Information about the birth certificate (if the child is under 14 years old) or information about the child’s passport (if he has reached the age limit for receiving it).
- Residence address of the child/children.
What documents are required?
- 2 copies of the application. 1 – given to the administration, 2 – remains with the young family. The form can be downloaded from Appendix No. 4 to Federal Law No. 889 dated August 24, 2015 or on our website.
- Spouses' passports.
- Birth certificate.
- Marriage registration certificate.
- Mortgage loan agreement.
- Certificate of the total amount of debt.
- Certificate of ownership of the apartment (nowadays this is most often an extract from Rosreestr).
- Certificate of persons registered in the housing.
- Bank account details for transferring funds.
- Income certificate or bank account statement.
Each document must be photocopied. Do not forget!
What to do after submitting papers?
You can just wait, or you can “knock” at another authority - the Pension Fund to receive a certificate for maternity capital. Such a step does not affect the decision to write off part of the mortgage, i.e. a family can take advantage of two government support measures at the same time.
Attention: You can apply to the Pension Fund only if there are two children in the family. If it is less, the family does not meet the requirements.
And after submitting the papers and even after receiving a certificate indicating readiness to transfer funds, you need to contact Sberbank, where the mortgage was taken out. There you are required to provide this document.
Advantages and disadvantages
It is difficult to single out and summarize such multifaceted measures to support families with children.
- Opportunity to participate in all programs developed by the state.
- Willingness to “meet halfway” to the borrower, i.e. the likelihood of receiving a positive decision is higher than in other banks.
- High requirements for recipients of benefits.
- Large package of documents.
- The need for an apartment in the new building.
As we have seen, the state is trying to provide housing for young families. All government support measures are available at Sberbank. The main thing is to know about them and exercise your rights.
As part of the program to provide Russian citizens with their own square meters, the state is taking many steps:
- mortgages with state support;
- loan refinancing;
- securing part of the mortgage loan. capital, etc.
However, the most outstanding moment is the possibility of writing off the mortgage loan upon the birth of a third child in the family. Today we propose to devote material to the proposed topic.
Mortgage and third child 2018
With the birth of the third baby, parents have a lot of worries, but the most important thing is that it changes her status - with the birth of a third minor in the family, she officially becomes a large family and can claim some privileges. Today, the state, together with banking institutions, has developed several loyal programs that allow you to write off mortgage loans (partial or complete write-off).
Mortgage loan for a young family with a child
Only participants in the subsidy program for young families can apply for partial loan forgiveness. Let us recall that its main conditions:
- age criterion (up to 35);
- official marriage (being husband and wife);
- status of a family in need of improved housing conditions.
It is important that the amounts of possible subsidies are set by regional authorities (region, district, etc.) based on the capabilities of their budgets.
Repaying the mortgage at the birth of the first or second child
At the birth of a second baby, young parents can claim the same benefits as previous families (loan write-off is available only to participants in the social program). Another opportunity to write off part of the mortgage debt is to provide a certain amount of maternity capital (after the birth of the second or third baby) or arrange for debt restructuring. Banks often make certain concessions and offer preferential terms to young families.
Is it possible to write off a mortgage loan upon the birth of a third child?
For young parents, it is very important to understand the fact: with the birth of a third child, is part of the mortgage loan written off? Automatic write-off of mortgage debt even after the birth of a third child is impossible in any case, since this is not the responsibility of the state, but gives the citizen the right to receive help from it (partial compensation, subsidies, etc.).
Mortgage benefits for the birth of a third and fourth child
Another popular question: if there is a mortgage and a third and fourth child has appeared, what benefits can you receive and what can you expect? In state (Federal) legislation, separate rules for providing benefits regarding the write-off of mortgage debt at the birth of the third or fourth baby are not specifically prescribed. These issues are resolved exclusively by the regional authorities (the amount of assistance is determined (compensation for part or complete write-off)).
Reimbursement of interest on a mortgage loan upon the birth of a child
To be able to qualify for certain assistance at the birth of your third baby, you can become a participant in regional programs, for example, “Housing”. It makes it possible to repay (write off) part of the debt:
- at the birth of the first and second child – 10%;
- third and fourth – 20%;
- fifth and subsequent – 100%.
In addition to this, banking institutions are vying to offer their clients profitable programs and are ready to discuss the possibility of providing deferred payments or writing off part of the debt. Sberbank, VTB 24, Raiffeisen Bank, etc. provide their clients with quite a lot of offers. It is important not to delay the process and contact the bank manager immediately after the birth of the first, second or third baby and discuss possible options (write-offs, deferments, etc.).
Minor children and mortgages
According to the law of the Russian Federation, no one has the right to evict a family from an apartment in which minors are registered (with one, two or more children). But what happens if the apartment is pledged to the bank due to a mortgage loan?
What happens if you don’t pay your mortgage and you have children registered there?
It should be noted that some banks openly violate the law and include a clause in the body of the agreement prohibiting the registration of minors in the mortgage area (even if they are born during the payment period). This may entail recognition of the contract as void, i.e. invalid.
As for the consequences of such behavior on the part of a young family, in the future borrowers will not be able to apply for another loan, since they will be blacklisted by banks. Experts recommend not to enter into an open conflict and try to resolve the situation peacefully and come to an agreement with the bank:
on deferment, debt restructuring, provision of benefits, write-off of part, etc.
Restructuring a mortgage loan upon the birth of a child
Since 2016, mortgage borrowers have had the opportunity to write off part of their debt through restructuring. The information is relevant for borrowers whose income from the moment of taking out the loan to the moment of filing an application for restructuring has decreased by at least 30%, taking into account currency fluctuations. The basis for recalculation may also be an increase in the amount of payments due to an increase in the exchange rate (if the loan was repaid in foreign currency). There are three types of loan restructuring:
- assistance period - created for 18 months, during which time the rate will be lower than the standard one (write-off occurs due to a decrease in the rate);
- transfer of foreign currency into national currency at a lower rate (writing off at the expense of the exchange rate);
- writing off 10% of the debt, but not more than 600 thousand rubles.
Requirements for borrowers:
- presence of relatives or adopted minors (relevant for the birth of a child during the payment period);
- parents who have a disabled child;
- disabled people;
- combat participants/veterans.