The most popular way to use maternity capital is to improve housing conditions. The size of the certificate in 2019 is 453026 rubles, in most cases this amount is not enough to purchase housing without attracting additional funds, so many families take out mortgage loans or loans.

The leader in the number of issued mortgage loans remains Sberbank. At the beginning of 2019, the bank offers interest rates from 8,5% before 11,60% (the rate may be lower if the borrower is a member of the state program). Depending on what kind of housing is purchased: completed or under construction the percentage will change.

Sberbank has systems for raising and lowering the interest rate, which can be found on the Sberbank website and in the branch when applying for a mortgage.

Required documents

To apply for a bank loan, you must provide the following: the documents:

1. Application-questionnaire.
2. Passport of the borrower and co-borrower(s) with a registration mark;
3. Certificate for mother capital;
4. Certificate from the Pension Fund of the Russian Federation on the balance of MSC funds;
5. Proof of income and employment;

Proof of income can serve:

• for a working person - a certificate of income for the last 6 months from the place of work;
• for a pensioner - a certificate of the amount of the pension for the last month;
• for an entrepreneur - a tax return for the last tax period.

Employment confirm:

• for the main place of work - a copy of the work book, an extract from it or a certificate from the employer with information about the position and work experience;
• for part-time work - a copy of the employment contract (agreement), certified page by page or stitched (certified on the last page indicating the number of sheets by the employer);
• for an entrepreneur - a certificate of registration of an individual entrepreneur (if there is no original, a notarized copy), a certificate of entry into the Unified Register of Individual Entrepreneurs, a record sheet of the Unified Register of Individual Entrepreneurs.

In some cases, you may need additional documents shown in the table below.

Can provide after the approval of the application:

• documents on housing for which a loan was taken:
  • contract of sale;
  • share agreement;
• documents confirming the down payment, if the capital is used to pay the principal amount.

Sberbank provides services for electronic registration of a transaction: it independently sends documents to Rosreestr, after which the applicant receives them registered.

Mortgage 6 percent at the birth of 2 children in 2019

Since 2018, a program of state subsidies for mortgages for families in which during the period from January 1, 2018 to December 31, 2022 the second, third or subsequent child was born (Decree of the Government of the Russian Federation No. 1711 of December 30, 2017). Such families are eligible to apply for a preferential mortgage at a reduced rate - 6% per annum.

The maximum amount of credit (loan) that can be provided:

• 12 million rubles- when buying a home in Moscow, St. Petersburg and their regions;
• 6 million rubles- for the purchase of housing in other regions.

The term for granting a state subsidy depends on the order in which children appear:

• at the birth of a second child - within 3 years;
• at the birth of a third or subsequent child - within 5 years.

However, the total maximum mortgage term is 8 years. That is, if during the period of the program the third child appears in the family, and then the fourth, then the subsidy from the state will be provided not for 10, but for 8 years. After this period, Sberbank will raise the interest rate.

To apply for a mortgage with a rate of 6%, you need to do the following: terms:

1. The borrower must pay at least 20% housing cost.
2. Buying an apartment or a private house is only allowed on primary real estate market. Housing may be ready for use or unfinished if it is purchased under a shared construction participation agreement.
3. The life of the borrower must be insured by LLC IC Sberbank Life Insurance or other companies accredited by PJSC Sberbank (insurance is mandatory for the entire duration of the loan).

How to calculate a mortgage in Sberbank

Preliminary calculations can be made using Sberbank mortgage calculator. It will help you find out the approximate amount of the monthly payment, taking into account the amount of the down payment, the interest rate, the size of the loan and the period for which it is issued.

The final amount of the loan that the bank is ready to provide is calculated individually for each applicant based on proof of income (him and the co-borrower).

How to pay off a mortgage with maternity capital in Sberbank

After the borrower issues a housing loan at Sberbank and takes a certificate of obtaining a loan (the document indicates the number of the loan agreement, the names of all borrowers and the amount of the mortgage), he needs to contact the Pension Fund (PFR) or the multifunctional center (MFC) with an application for management and necessary documents.

General package of documents:

1. Passports of the certificate holder and his spouse.
2. Marriage certificate.
3. In case of contact through a legal representative - confirmation of his identity and place of residence.
4. Confirmation of changes in personal data, if any.
5. The obligation to allocate shares to all family members after the removal of the encumbrance.

To direct mother's capital to pay down payment, together with the documents from the main list, you must provide:

• a copy of the loan agreement concluded with Sberbank;
• a copy of the mortgage agreement that has passed state registration;
• share obligation.

To use maternity capital for repayment principal and interest, the certificate owner provides:

• a copy of the loan agreement for the purchase of housing;
• a copy of the mortgage agreement that has passed state registration;
• extract from the Unified State Register of Real Estate;
• if the housing construction object has not yet been put into operation - a copy of the registered agreement on participation in shared construction, or a copy of the permit for the construction of an individual residential building;
• if the loan is issued for the payment of an entrance fee and (or) a share contribution to the cooperative - confirmation of membership in the cooperative;
• certificate of the balance of debt and interest arrears issued by Sberbank;
• account statement on non-cash crediting of mortgage funds.

Within a month The FIU will decide on the transfer of MSC funds, after which they will be transferred to Sberbank for 10 business days.

Capital funds can be used to fully or partially repay the mortgage. If, after the transfer of the MSC, the borrower has a debt, Sberbank will issue a new payment schedule taking into account the remaining amount of the debt (at the request of the borrower, the monthly payment or the loan repayment period can be reduced).

Taking into account the statistics for 2015-2016, the most popular option for using family capital is the improvement of housing conditions. According to Rosstat, most of the purchase and construction of new housing is occupied by transactions that involve borrowed funds - mortgages using maternity capital.

By the beginning of 2019, not all families with certificates had decided where to use the funds received. The periodic reduction of the key rate by the Central Bank of Russia, which began after the 2014 crisis, opens up more opportunities for families participating in the program. On the basis of declining interest rates on bank loans, maternity capital mortgages become available to a wide range of families.

Studying the possibilities of using subsidies and the programs offered by mortgage organizations and banks to families will help you understand how to take a mortgage under maternity capital.

Mortgage under maternity capital

The widest possibilities for the use of social benefits have been developed in terms of using it for family housing. Mortgage with the participation of maternity capital is separately included in the list of possibilities for applying the subsidy, which is expressly stated in the legislative norms.

The procedure for issuing a mortgage loan for maternity capital is as follows:

• the borrower receives credit funds for real estate;
• maternity capital funds are redirected to bank accounts, the amount is deducted from the agreed part of the mortgage funds;
• the immovable object of the transaction is pledged to the bank;
• after full payment of the loan, the borrower formalizes the property in the property as provided by the legislation of the Russian Federation.

Options for the use of subsidy funds to ensure better living conditions are detailed in Federal Law No. 256 (12/29/06) and in Government Decree 862 (12/12/07).

The legislation allows:

• purchase new property;
• invest in housing construction subsidies;
• to reconstruct the house, increasing its living area.

At the same time, programs are being promoted in financial and credit organizations so that mortgages with maternity capital are in demand by program participants. Especially for them, credit conditions are offered at a reduced interest rate, additional benefits in terms of consideration of applications, etc.

How to get a mortgage with maternity capital

The targeted procedure for using the subsidy implies special responsibilities of the executive bodies. To understand the procedure for receiving social benefits, you should consider what a subsidy is and in whose jurisdiction it is.

Where is MK stored on demand

Family capital funds are not cash, but rather virtual. The possibility of their movement is allowed only through the channels of non-cash payment. The exception is a one-time payment, the possibility of which was legally provided for the period of the crisis.

Funds until the moment when the family applies for their direction to one of the selected goals are kept in the accounts of the pension fund. Therefore, before you issue maternity capital for a mortgage, you should apply to the FIU for permission.

If the use of the subsidy does not contradict the law and all the required documents are submitted, the FIU transfers funds to the recipient's accounts.

Do you need on the subject? and our lawyers will contact you shortly.

Conditions for sending funds

A mortgage under maternity capital in 2019 can be implemented as part of the targeted use of funds.

The following are subject to the conditions for the permitted targeted use of social payments:

• loans for the purchase of residential properties;
• their construction, reconstruction and repair;
• for housing under construction.

The mother - the owner of the certificate, as well as the father, as the spouse of the owner of the certificate, can submit documents for sending subsidy funds for a mortgage loan with maternity capital.

Important! Microfinance organizations in 2019 do not have the right to be recipients of family capital funds. The state excluded them from the list of financial institutions admitted to transactions, including budgetary funds.

Requirements for the property

Mortgage at the expense of maternity capital requires the right choice of future housing.

Can be purchased:

• a private house;
• apartments (in new buildings, on the secondary market, under construction);
• shares in apartments or houses.

The housing subsidy program requirements are as follows:

• the property is located within the Russian Federation;
• housing must be provided with the necessary communications;
• housing must be suitable for family living;
• the family must register the purchased property in shared ownership, be sure to include all children in the list of owners.

If housing does not meet the above conditions, the FIU will refuse to issue funds.

How to receive

Mortgage registration depends on what resources, in addition to the subsidy, the family has.

Delivery options:

• mortgage in the amount of MK without additional investment by the family;
• adding family savings to subsidies for buying/building a home;
• sale of existing real estate and purchase of a new one with an investment of MK and borrowed funds.

In any case, the family will need to interact with at least two organizations - the bank and the PFR. If the purchase of housing is supposed, then its seller will also be included in the transaction. And if it is necessary to sell the existing housing, the buyer will also be added to the participants in the transaction.

Advice! A deal that includes a home equity mortgage will run more smoothly if you entrust its coordination to an experienced realtor. It will help streamline all organizational processes, check the purity of the transaction and protect participants from possible troubles.

To receive money, you must go through several stages:

1. Submit an application to the FIU for a certificate.
2. Monitor mortgage programs in various banks that provide this product.
3. Contact the bank, collect the necessary package of documents and apply for a loan.

When submitting an application, it is necessary to determine the procedure in which the mortgage and maternity capital will interact, and fix the conditions in the contract.

There are two possible options:

• payment of the first installment on a housing loan;
• contributing funds to pay the total amount of the debt.

It will take time for the bank to process the application. The solution may be - approval of the loan, refusal or presentation of additional requirements to the borrower. The latter may be needed for a more detailed study of the borrower.

1. Applying to the FIU with an application for money transfer and providing documents about the family and the upcoming transaction.
2. With the approval of the PFR and the bank, a loan agreement is concluded with the latter and a bill of sale for housing is drawn up.
3. The FIU transfers money to the bank, the borrower makes regular mortgage payments, according to the agreement.
4. After the full repayment of the debt, housing is registered in Rosreestr in shared ownership, issued for each of the family members.

If the borrower fails to pay within the specified period, the bank will start the debt collection procedure. At the same time, MK funds will remain in the bank.

Important! You should be prepared for the fact that the execution of the transaction takes a long time. The minimum term for all transactions is one month.

Requirements of credit and financial organizations to borrowers

The presence of a certificate does not mean automatic approval of the housing loan by the bank.

Based on the requirements analysis, it can be determined that approval can be obtained if the borrower:

• officially employed, has a steady income and is able to confirm income with a 2-personal income tax certificate;
• has a minimum length of service at the last place of service of at least six months, and the total for the last five years - at least a year;
• has a good credit history;
• receives an income at which he will be able to make regular payments on the loan.

How to use maternity capital for a mortgage

The legislation allows two options for using a subsidy when buying a home or building it with borrowed funds: a mortgage with a down payment of the MK and payment of the principal debt.

Each of the options has its own advantages.

Down payment or principal amount of the loan

When a financial institution makes a decision to grant a mortgage, a prerequisite for the borrower is to pay a part of the amount. This is a kind of insurance.

The first installment, depending on the requirements of the financial institution, ranges from 10 to 25% of the requested amount. Since 2015, legislators have allowed the use of MK as a down payment. Prior to the introduction of Federal Law 131 (05/23/15), such use of the subsidy was prohibited.

However, this option also has its drawbacks:

• not all banks welcome such use of the subsidy, since the provision of a mortgage in this case is more risky;
• the risk is associated with the refusal to apply reduced interest on the loan, especially in banks with conservative policies or government support;
• the amount of capital provided may not be enough for the initial contribution.

In the latter case, if there are no free funds for the additional payment for the first installment, it remains only to take out a mortgage under the program of underestimated initial payment.

Download for viewing and printing: Attention! Interest on such offers is much higher.

An example of applying for a mortgage with maternity capital as a down payment, and as part of the principal debt:

In some banks, mortgages are not available under such conditions. The first installment, according to the conditions of the bank, must be supplemented, at least by 5-10% of the amount. The remaining amount of the MC may remain in the FIU on demand, or is used to repay the principal debt.

Using MK funds without waiting three years

Since 2015, legislators have introduced one of the vital exceptions to the general rules for the use of subsidies. After much discussion, it was allowed to use the funds as soon as the certificate was received if the funds were sent to the bank.

In 2019, it is allowed to use maternity capital, without waiting for three years, at any stage of lending:

• when obtaining a new mortgage loan;
• upon payment of the principal amount of the debt on a mortgage taken before or after obtaining the right to a certificate;
• when closing a loan, regardless of the term of its opening.

The ability to immediately make a down payment with maternity capital on a mortgage meant that families would have more access to loans. However, bank delays, obstacles and refusals to provide mortgages under such conditions significantly reduced the effect of the decision.

Required documents

In order for a mortgage with the involvement of maternity capital to be approved, you will have to provide two sets of documents: for approval to the bank and the PFR.

The Bank and the FIU have the right to request additional documents.

Mortgage banking programs - how to choose

Before you take a mortgage, you should study in detail the products offered by banks.

To make the right choice, it is worth comparing important indicators, such as:

• annual interest rate;
• the minimum amount of mortgage for maternity capital;
• the term for which the loan is granted;
• the amount of the first installment;
• fines, commissions and moratoriums on late payments and early closing of the loan.

Terms of mortgage loans under maternity capital in banks

In addition to banks, maternity capital mortgages can be provided by mortgage lending funds. Accredited organizations have state support and provide the so-called "social mortgage". Interest on it is usually lower than bank rates. Conditions and requirements vary by region.

Advice! Experts advise taking out a mortgage for no more than 10-15 years. With a longer term, the amount of monthly payments is reduced insignificantly, and the total overpayment increases significantly.

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For a prompt resolution of your problem, we recommend contacting qualified lawyers of our site.

Mortgage lending for many young families is the only way to purchase housing. Prices per square meter in new buildings and secondary housing, which are established in the modern market, do not allow you to buy an apartment without installment payment. For families raising two or more children, maternity capital can be a good help in obtaining a mortgage. Thus, the main Russian financial regulator Sberbank issues mortgages for maternity capital on favorable terms. You will learn how to get a loan for maternity capital from this article.

What is maternity capital and how to get a loan against it

Maternity capital is a measure of state support for young families who have given birth or adopted two or more children. Is it possible take a home equity loan? The answer is unequivocal - yes! But there are some rules.

Maternity capital can be spent for various purposes: education of children, mother's pension, etc. But the main way to spend payments is still improving housing conditions.

Of course, there are times when maternity capital is denied. There can be many reasons for not issuing a certificate.

1. No grounds for extradition;
2. termination of the grounds for receiving additional measures of state material support;
3. deprivation of parental rights of a spouse;

Maternity capital becomes a good help for obtaining a mortgage. It can be fully paid to pay the down payment on the mortgage, as well as add your own savings to it, thereby increasing the amount of the payment. In addition, mother capital can be used to pay off current payments. With maternity capital, you can buy an apartment on a mortgage in a new building or on the secondary market, exchange old housing for a new one, participate in shared construction, build your own private house, etc.

Since 2016, the amount of the payment was 453 thousand rubles, in 2017 until 2020 there will be no change in the amount of family capital (indexation) due to the influence of inflation and other financial reasons.

How to apply for a home equity loan

Thanks to the “Mortgage plus maternity capital in Sberbank” program, families with many children can quickly apply for a loan for housing.

In order to send a mother capital certificate to pay the first installment or part of the loan payment, the following conditions must be met:

• since mother capital can be used in parts, it is necessary to take certificates from the pension fund about the remaining amounts of the subsidy and provide them to Sberbank upon request;
• in order to send mother capital to pay part of the loan debt, you need to take a certificate from Sberbank on the loan amount and draw up an application for repayment of its part;
• in order to transfer the capital to the bank, you must also submit an application to the pension fund;
• to pay the down payment, you must submit a copy of the loan agreement or mortgage contract.

To repay the loan in installments, you must submit the following papers to the pension fund:

How to get a loan from Sberbank

1. An application for a mortgage loan and a complete set of documents are submitted to a branch of Sberbank or a partner bank.
2. After submitting the documents, you must wait for a positive decision on the loan.
3. The next step is the choice of real estate - for example, an apartment in a new building or in the secondary housing market.
4. Documents for this property are also provided to Sberbank.
5. After that, the two contracting parties (the borrower and Sberbank) sign the necessary loan documentation.
6. The rights to an immovable object are registered in Rosreestr.
7. The application for a home loan is fully approved and the loan amount is paid.

What are the conditions for obtaining a mortgage loan

A young family can send maternity capital to pay off a mortgage at Sberbank, subject to certain conditions. Firstly, it is necessary to comply with the conditions for granting a mortgage and the requirements for mortgage borrowers:

• mortgages are issued to citizens over 21;
• the age of the person paying the mortgage by the time the loan expires must not exceed 75 years;
• mortgages are issued only to citizens officially employed over the past six months;
• if the payer cannot confirm his solvency, he must attract three co-borrowers or guarantors.

To use maternity capital to pay a mortgage, you must also fulfill the conditions for lending with maternity capital:

• housing (apartment, etc.) purchased on a loan must be registered in the ownership of the borrower or common shared ownership with his spouse and children;
• if the borrower does not receive a salary from Sberbank, he must document his employment and solvency or involve co-borrowers and guarantors;
• within six months from the date of issuance of the loan, the borrower must apply to the pension fund in order to transfer the mother's capital.

To take an apartment on a mortgage with maternity capital, in addition to the usual documents for obtaining a loan, you must also provide the following papers to the bank:

• state certificate for maternity or family capital;
• a certificate from the pension fund on the balance of funds in the account of the mother's capital.

Now citizens can independently control, through the Online Personal Account, the execution of applications submitted by PF employees.

What are the benefits of a loan at Sberbank

When choosing a lender to obtain a mortgage, many young families choose Sberbank. Firstly, this particular bank is the most stable, all financial transactions are insured in it. In addition, Sberbank offers its customers the following benefits:

• favorable interest rates on loans;
• absence of commissions and other security fees;
• loan benefits for young families;
• individual conditions for each client (consideration of applications and service);
• special conditions for clients receiving salaries on Sberbank cards or working in organizations accredited by the bank;
• the possibility of increasing the loan amount by attracting co-borrowers.

How to Calculate Interest Rates and Mortgage Overpayments

Additional information indicates whether the borrower is a payee on a Sberbank card. For a more accurate calculation, you can also indicate the amount of the pension, additional earnings, the number of family members, monthly income and expenses, payments on other loans, and so on.

Using the Sberbank website, you will receive preliminary information about the loan amount, interest rate, overpayment amount, loan term and repayment schedule. With these figures, you need to contact the Sberbank branch and clarify all the details.

Is it possible to use maternity capital to buy a car

In addition to mortgage lending, maternity capital can be spent on the education of children, a mother's pension, the payment of other loans, etc. It is still impossible to buy a car at the expense of maternity capital. However, this issue is already being discussed in the State Duma. Deputies of several factions submitted it for a detailed discussion, the results of which will become known in the near future.

Popular question - How to cash out maternity capital

Of course, the family itself decides where to spend the maternity capital, but the family support law, which guards the protection of children, directly prohibits cashing the certificate. Moreover, it is illegal, and often entails criminal liability. The transfer of mother capital funds occurs only in a non-cash form.

VIDEO – Interview with a lawyer about family capital

Greetings, dear readers!

With the advent of children, most families have an urgent need to purchase or expand their own housing. If the family does not have money for an apartment at all, then for them the best option for buying real estate is a mortgage with maternity capital. We will talk about how to invest maternity capital in a mortgage in this article.

Since January 1, 2007, our state has been providing financial support to families with children to increase the birth rate. This support is carried out in accordance with the program on maternity (family) capital or MSC.

The amount of the payment and who is eligible to receive it?

In 2007, maternity capital was approved in the amount of 250 thousand rubles. Then the amount increased annually in accordance with the rate of inflation. However, starting from 2015, the size of the MSC did not change and froze at the level of 453,026 rubles.

The maternity capital program approved in 2007 was designed for 10 years up to and including 2016. However, the program has already been extended twice. It is now valid until December 31, 2021.

Conditions for obtaining a certificate for MSC:

• both parents or one of them must be citizens of Russia;
• a child whose birth gives the family the right to MSC must be a citizen of Russia and be born later than January 01, 2007;
• the family already has at least one child;
• the family uses the right to MSC for the first time.

The certificate is received mainly by women. However, the law defines cases when maternity capital can be issued to a man or even children.

What can you spend on?

The law strictly limits the directions of spending the funds of the mother capital.

Attempts to cash out a certificate or use it for purposes that are not specified in the law entail the requirement of the Pension Fund of the Russian Federation to return the spent amounts and even criminal liability.

The law allows:

1. Solve the housing problem.
2. Pay for the education of your children, including preschool.
3. Allocate funds for the formation of a pension.
4. Purchase goods and services necessary for children with disabilities.
5. Monthly, starting from 01/01/2018, receive a payment related to the appearance of a second child in the family.

Most often, the money is directed to the purchase of housing in a mortgage. For this you can:

• make a down payment on a mortgage loan;
• repay the principal and interest on an already issued mortgage loan.

In this case, the certificate is allowed to be used immediately, as soon as you receive it.

Important! The law requires mandatory registration in the common shared ownership of housing, for the acquisition of which the funds of the MSC were spent. Shares must be allocated to each family member

Parents determine the amount of the share for each child and draw up an obligation, which must be certified by a notary. After the purchase of an apartment or the full repayment of the mortgage, this obligation must be fulfilled.

How exactly the shares will be allocated (by an agreement on the determination of shares or a donation agreement), the parents determine when drawing up the obligation. Having signed all the necessary documents on giving children the right to own shares, they are transferred to Rosreestr for registration.

Consider how to deposit MSC funds to pay off an existing mortgage loan and how to pay the first installment.

We pay off the already taken mortgage

If the apartment was bought with a mortgage before the certificate was received, then the law still allows you to use the capital to pay off the loan obligation. Collect documents according to the following list.

Then submit their copies along with the originals to the Pension Fund branch. The transfer of money to the bank will be carried out within a period not exceeding one month and 10 business days, starting from the moment the application was submitted, unless, of course, the FIU has grounds for refusal.

We pay the initial contribution with mother capital

An indispensable condition for obtaining a mortgage is an initial payment, the amount of which must be at least 15% of the price planned for the purchase of an apartment. If the family does not have enough money, then some credit organizations accept MSCs to pay the first installment.

In this case, the bank either increases the loan amount by the amount of the mother's capital, or issues another loan equal to the corresponding amount. This money is transferred to the seller of the apartment as a down payment.

Then, after registering a mortgage and ownership of housing, the borrower applies to the FIU with an application for the transfer of MSC funds to the bank. After transferring the money, the bank will recalculate the monthly payment and draw up an updated payment schedule.

Which banks issue mortgages with the participation of maternity capital?

Not every credit institution willingly accepts MSC funds to pay the down payment for a number of reasons:

• the presence of a certificate does not guarantee the solvency of the borrower;
• the bank pledges housing, including those with minor owners. If the borrower is unable to repay the loan, then there will be difficulties with the sale of such an apartment.

Nevertheless, the number of credit institutions accepting MSC funds is increasing every year. Special loan products are developed for such borrowers. Loan conditions are different, but the most favorable ones are offered by large banks with state participation, in particular Sberbank or VTB.

Conditions for granting mortgage loans when buying an apartment using maternity capital.

Procedure for applying for a mortgage

Having chosen a suitable bank, you can proceed to the first step for obtaining a loan for the purchase of a home, namely the approval of a mortgage.

Step 1. Get bank approval.

The main condition for mortgage approval is the availability and confirmation of a stable income. If the woman in whose name the certificate was issued is on maternity leave and does not have official earnings, then the spouse can become the main mortgage borrower, and the woman will automatically become a co-borrower on the loan.

It is also worth considering that the bank issues a loan in an amount not exceeding 85% of the cost of housing. This means that, using only the funds of the MSC to pay the down payment of 453 thousand rubles, the purchased apartment should not be more expensive than 3 million rubles, because the loan can be issued in the amount of no more than 2 million 567 thousand rubles .

If the monthly payment did not scare you, then you can safely send an application for a mortgage to the bank. You can do this directly at the office of a credit institution or send an application online.

The list of documents in different banks may vary. A detailed list can be found on the website of a particular bank. Below is a standard package of documents for applying for a Sberbank mortgage.

You will also need to provide:

• certificate for MSC;
• all birth certificates for children under 18;
• marriage certificate.

Within a week, the bank will make a decision on obtaining a mortgage. In practice, the decision is issued on the second day. The approved application contains the maximum loan amount, maximum term and interest rate on the loan. A representative of a credit institution will definitely call and invite you for an interview to clarify all the conditions of the application and, possibly, ask for additional documents.

The application is valid for a certain time, which the bank determines independently. As a rule, the validity of the application is no more than 90 days. During this period, it is necessary to choose an apartment and collect documents.

Step 2 Find a property and get approval.

The selected apartment should not only please the buyer, but also be approved by the bank that allocates funds for its purchase. To do this, you must send the following documents for the apartment:

• expert opinion on the cost of the apartment;
• certificate of registration of property rights;
• an extract from Rosreestr on transactions with an apartment;
• if the apartment is being sold by a married couple, then a notarized consent of the second spouse for the sale of the apartment will be required.

The bank will check the submitted documents and issue an opinion within 3-5 days. After receiving approval, you can go to the bank to conclude a transaction.

Step 3 Make a deal and register with Rosreestr.

At this stage, the procedure will be as follows:

• Signing a mortgage loan agreement. You can first familiarize yourself with the template of the agreement and clarify all incomprehensible points with the mortgage manager in advance. When signing a loan agreement, it is necessary to carefully check all key information and pay special attention to the repayment schedule, which specifies the amount of the monthly payment.
• Conclusion of a contract for the sale of an apartment. It is advisable to immediately prescribe in the contract the size of the shares of children and parents.
• Registration of the transaction in Rosreestr. To register the transaction, the necessary documents are transferred to Rosreestr. In this case, not only the change of ownership is registered, but also a pledge in favor of the bank, that is, a mortgage. The result of registration will be reflected in the extract from the USRN.

Step 4 Contact the FIU.

In order for the MSC funds to be transferred to the bank, you must contact the Pension Fund of the Russian Federation to dispose of the funds of the capital. List of documents to provide:

• statement of the owner of the certificate on the disposal of MSC funds;
• MSC certificate;
• passport and SNILS of the owner of the MSC certificate;
• Marriage certificate;
• mortgage agreement.

The FIU makes a decision within the prescribed timeframe and transfers the money to the bank.

Step 5 Get an updated payment schedule from the bank.

Since the transfer of funds to the MSC will take about 1 - 2 months, for this period you will have to pay the entire cost of the loan. As soon as the money arrives, the bank will recalculate the monthly payment and prepare an updated payment schedule.

Transaction deadlines

So, let's calculate the approximate time for buying an apartment in a mortgage using MSC funds.

1. Obtaining approval of a loan application - 2 days.
2. Search for real estate and collection of documents - from 1 to 2 months.
3. Approval of the selected property by the bank - no longer than 5 days.
4. Registration of the transaction - 2 days.
5. Registration of the transaction in Rosreestr - from 3 to 9 days.
6. Application to the FIU and transfer of MSC funds to the bank - no longer than a month and 10 working days.

In total, it will take about 3-4 months, of which the most time will have to be spent on finding an apartment and collecting documents.

Conclusion

Taking out a mortgage under maternity capital is a great opportunity for families to purchase their own comfortable housing. In your apartment you will be comfortable to raise and educate children. At the same time, you can buy an apartment in just 3 months from the date of receipt of the certificate, even without money for a down payment. Your own apartment is a reality, even if you have no savings at all!

Most people are afraid to take out a mortgage due to high interest rates and worry that one day they will not be able to pay off the loan. To do this, it is recommended to regularly monitor mortgage interest rates in different banks in order to take advantage of the opportunity to refinance an already issued loan in time.

This will help to reduce the monthly payment and, in general, reduce the overpayment on the loan. Moreover, recently there has been a steady trend of lowering rates on mortgage loans. There is already a program of preferential mortgage lending, but that's a completely different story ...

Write in the comments how quickly you managed to buy an apartment on a mortgage with mother capital, in which bank and at what percentage did you take out a loan?

See you soon!

In today's difficult economic situation, many people turn to banks for loans. Loans for some become the only way to acquire their living space. Many people want to get information about the terms of a loan for maternity capital at Sberbank. Active assistance from the state allows you to get rid of part of the burden.

This implies that it is possible to spend maternity capital on a mortgage at Sberbank. You need to understand everything in order.

Where can maternity capital be spent?

Maternal capital is a kind of subsidies provided by the state to its population. Families with a second or more child become recipients of a certain amount indexed over time.

We must not forget that the family has the right to use funds only after the child reaches the age of 3. Mortgages are the only exception to this rule, and can be spent almost immediately after the birth of children.

It will not work to use capital for any purpose, it has a certain direction. Most often, this subsidy is spent on the purchase of residential real estate. The amount of social assistance is not large enough to fully cover the cost of buying an apartment. That is why a mortgage loan for maternity capital at Sberbank is so relevant today. This bank is also chosen because of the benefits of the loan.

Many parents do not know where to spend maternity capital in Sberbank. The following options are available here:

• repayment of part of the mortgage taken before the subsidy was received;
• use as a down payment on the issued mortgage.

What is a maternity capital loan at Sberbank?

At its core, a mortgage under maternity capital at Sberbank is an ordinary mortgage. The difference lies only in the presence of a number of restrictions. You can use the subsidy for the following types of housing:

• apartments in new buildings;
• secondary market apartments.

Family capital is used to pay off the down payment. If you wish, you can increase the amount of the first payment by adding your savings to the amount of the subsidy.

In 2016, the amount of social assistance is 453 thousand rubles, as in 2015. Unfortunately, over the past year the subsidy has not been indexed by the state.

On what conditions can I get a loan for maternity capital in Sberbank?

Today, Sberbank of Russia offers its clients the following loan programs, which can be issued using existing maternity capital:

1. improvement of living conditions (exchange of housing for a new one with a larger area);
2. purchase of housing under construction;
3. taking out a loan to build a house on your own.

Purchase of finished or under construction housing

For these two types of lending, the conditions at Sberbank are the same. They look like this:

• the currency can be chosen not only rubles, but also euros and dollars;
• the maximum loan term is 30 years;
• the interest rate is set individually, it can vary from 10 to 15% per year;
• the minimum loan amount provided by the bank is 450 thousand rubles;
• the maximum loan amount is 18 million rubles;
• it is obligatory to register the acquired housing as a property (children fit into the apartment).

Not everyone can count on receiving a loan under maternity capital at Sberbank. The client's job requirements are as follows:

1. total work experience must be at least 5 years;
2. continuous experience at the last place of work - from six months;
3. having a job at the time of the loan.

Loan for self-construction

Some conditions for this type of loan differ from those for housing. Money is issued for the same period, not exceeding 30 years. The work experience requirements are the same. And here are the specific conditions of such a loan:

• the minimum loan amount is 300 thousand rubles;
• the allocated amount is not issued all at once, but in accordance with a special schedule developed on an individual basis;
• the interest rate is determined for each client separately.

How to get a mortgage through maternity capital in Sberbank?

Regardless of the direction of the loan, you will have to apply for a loan in the following sequence:

1. The client writes an application in the prescribed form. Documents included in the mandatory list must be attached to it.
2. Within 1-2 weeks, the bank makes a decision on the application. After that, documents for the real estate itself are collected (purchase and sale agreement, registration certificate - when purchasing finished housing; shared construction documents, permit papers - when investing in housing under construction; documents confirming ownership of land, an appropriate building permit - when using mortgage funds for independent construction).
3. An agreement is concluded between the client and the bank. Real estate is subject to compulsory insurance, it is provided as collateral until the debt is repaid.
4. When all the documents are in hand, the borrower must apply to the FIU, demanding to transfer maternity capital funds to Sberbank. It is considered within a month. After that, the money goes to the bank account.

To whom is the loan transferred?

Allocated funds are handed out only in case of self-construction. In other situations, they are transferred from the Sberbank account directly to the account of the seller of the apartment or the developer.

Debt repayment procedure

The receipt of funds in Sberbank can be divided into 2 stages:

• transfer of maternity capital money to Sberbank;
• monthly repayment of debt in accordance with the payment schedule in the amount established by the agreement.

To make the next payment on a mortgage under maternity capital in Sberbank, you can:

1. go to a bank branch with cash;
2. use the self-service device;
3. use the Sberbank Online system;
4. set up auto payment for the operation.

After repayment of the entire amount of the debt, the property ceases to be a pledge, and the corresponding pledge agreement becomes invalid.