Which banks give mortgages with maternity capital 2019-2020

2024 Author: James Gerald | [email protected]. Last modified: 2023-12-17 14:00

It became quite possible to take a mortgage from a bank and use maternity capital as a first installment in 2020. Many leading lending institutions support families with children and do everything to simplify the conditions for obtaining a home loan. Further on, on what conditions a mortgage is given, where maternity capital is used as a down payment, and which banks provide such services in 2020.

How to use uterine capital

According to the legislation of the Russian Federation, maternity capital can be used to improve housing conditions. In 2020, the government decided to increase its size. The changes will affect only those families who are expecting a second child. So, now parents will receive 150,000 rubles more than in the previous year, that is, 616,617 rubles.

However, it is not possible to purchase housing even for this amount. Therefore, most families who have received the certificate use it to purchase real estate with a mortgage loan.

To date, the legislation allows investing money allocated under the program in the following areas:

1. Down payment on a mortgage loan. This is very convenient, especially if the family does not have the funds to pay the first part of the home loan. Be prepared for the fact that not all banks will work with parent capital. A very important condition for all credit institutions is the own savings of family members. If you cannot provide a document confirming that you have them, then be prepared for the fact that the bank will most likely refuse a mortgage.
2. With the help of maternity capital, you can pay off the interest on the loan and part of the debt. To do this, you need to contact the bank where you took out the mortgage and notify the employees that you want to repay it ahead of schedule. In the same place, ask for a certificate of obtaining a loan with the specified amount, interest, names of borrowers, etc. Do not forget to take the current account of the bank to which you plan to transfer the maternity capital. Then you need to go to the Pension Fund and write a statement. The money is credited to the bank account (after all checks) within 1-2 business days.

Interesting! The amount of maternity capital in 2020 for the second child

What kind of housing can be borrowed on maternity capital

Strict requirements are imposed on housing, part of the amount for which is repaid with the help of maternity capital. Namely:

• the apartment must be located on the territory of the Russian Federation;
• the apartment must be habitable;
• housing should not be dilapidated, dilapidated;
• the apartment must have all the necessary communications.

Registration

Getting a mortgage from a bank and paying the first installment in 2020 using maternity capital is not so difficult. The main thing is to think about each step in advance. What do we have to do:

1. The first thing you need to do is get the certificate itself. This must be done immediately after the baby is born. We collect all the necessary documents and go to the Pension Fund.
2. We think in advance on what we will spend the mother capital. If you decide to purchase a home, then you should think in advance how you will implement it - pay the initial installment, or repay part of the amount and interest of an existing loan.
3. Another very important point is the choice of a bank. Be sure to carefully study all the conditions that are provided by credit institutions and focus on the one whose program is most suitable.
4. Then we collect all the necessary documents for obtaining a mortgage loan and go to the bank. In the questionnaire provided by the employee of the institution, it should be noted that maternity capital will be used to repay the mortgage. For confirmation, we receive a certificate from the Pension Fund stating that the personal account has funds provided by the state.
5. After the bank approves the loan, you need to start looking for suitable housing.
6. We draw up obligations. In order to spend maternity capital on the purchase of housing, it is necessary that it be in common shared ownership. The loan is issued to one person, and the shares are distributed exactly after the mortgage is repaid, within 6 months. Notarial obligation and is necessary in order to confirm to the Pension Fund that the division of property will take place. Such a guarantee from the borrower. It costs about 1500-2000 rubles to issue a commitment. The notary must provide a marriage certificate, passports, birth certificates of all family members, a loan agreement, an extract on registration of ownership of housing (from Rosreestr) and a certificate for maternity capital. Be sure to ask the notary for a few copies. In the future, they will be useful to you when you draw up shares, because you will give one copy to the Pension Fund.
7. Then we go to the Pension Fund. There we fill out an application where we indicate the main goal for which we want to direct state aid.
8. After that, the Pension Fund will carefully check all documents and the selected housing.
9. This will be followed by the conclusion of the transaction and the signing of the mortgage agreement.
10. After that, the transaction is registered with Rosreestr.

Basic requirements of banks

Banks that work with maternity capital have several requirements for the borrower:

• it is good if the borrower is a client of the bank, then the interest rate on the mortgage may decrease and the application will be considered faster;
• the family has additional savings;
• one of the family members receives a stable salary and works in a developing enterprise;
• the organization where the borrower works should not have large debts to banks;
• family members must have a white credit history.

All these conditions increase the chances of loan approval with the involvement of maternity capital.

The best offer from Sberbank

A mortgage with the involvement of maternity capital, as an initial payment, can be obtained from Sberbank. The institution offers the most favorable conditions for those who want to buy housing on credit.

Sberbank:

• provides benefits to young families;
• does not charge a commission on payments;
• offers to use maternity capital in part or in full;
• makes a discount to the rate when receiving wages on a Sberbank card;
• proposes to use the capital for the purchase of housing under construction and finished.

Bank requirements for the borrower:

• age - not less than 21 years old, not older than 75 years old;
• work experience - from 6 months at the current place and from 1 year of total work experience over the last 5 years;
• the borrower is a spouse or spouse, if the housing is not divided under a marriage contract.

Interesting! Who is entitled to maternity capital for the 1st child in 2020

What VTB offers

In VTB Bank in 2020, you can also take out a mortgage and partially repay it with the help of maternity capital (and as a down payment).

The institution offers the following conditions:

1. The initial contribution should consist not only of maternity capital funds, but also of your own. At the same time, you can take an amount from the capital that does not exceed 15% of the cost of housing. Personal funds must be at least 10% of the cost of the apartment.
2. To use maternity capital as a down payment on a mortgage, you must provide a certificate and a statement of the amount of the balance. You can take it at the branch of the Pension Fund at the place of registration.
3. The bank also provides an opportunity to partially repay an existing loan. To do this, you need to contact the PF at the place of registration.

Conditions from Rosselkhozbank

A mortgage using maternity capital as a down payment and repayment of part of the loan in 2020 is offered by the Russian Agricultural Bank.

Main conditions:

• special loan conditions for young families;
• early repayment of the loan without restrictions;
• the ability to confirm income in the form of a bank;
• no commissions on the loan;
• the ability to choose a loan repayment scheme.

Conditions for the borrower:

1. One of the borrowers must be the manager of maternity and general capital funds.
2. From 0% of the cost of the acquired housing, provided that the size of the capital capital meets or exceeds the amount of the minimum required down payment: at least 10% of the purchase price of real estate, at least 15% when purchasing an apartment in a new building.
3. Within 3 months from the date of the conclusion of the loan agreement, funds from the maternity capital must be used to pay off the debt.