Maternity capital to improve housing conditions in 2021

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

The program, which began operating in 2007, is focused on government assistance to families with children. In this case, you can spend maternity capital to improve housing conditions. Find out what the rules are in 2021 below.

Basic concepts

The law allows the use of certificate funds for the formalized purchase of housing. First, the family needs to justify what object it will spend money on - an apartment, house or share. The result of the transaction may be the purchase or extension of a home.

According to the RF Housing Code, the types of real estate that are considered residential are approved. This applies to these types of housing:

• room;
• home, apartment;
• share in the house, apartment.

You should also pay attention to the age of the residential building. The following norms are approved by the law:

1. The use of capital immediately, that is, until the child reaches 3 years of age. This is allowed for the purchase of housing on a mortgage or its payment, if it was issued earlier.
2. After 3 years, it becomes possible to spend funds for various purposes defined by law.

Using a certificate for home improvement is common. If the family does not yet have their own home, they can use this support to acquire ownership of the property.

Contract of sale

Improving living conditions is allowed in 2 ways:

• full payment by maternity capital;
• adding personal funds to the certificate.

During the conclusion of real estate transactions, the buyer and the seller draw up a sales contract. And with the maternity capital, a third party appears - the PFR. With the use of certificate funds, a deferred payment is in effect, since funds are transferred to the seller's account over several months.

As a result, the purchase and sale agreement using capital includes several points:

• the amount paid out of personal money;
• funds transferred from maternity capital;
• acquisition of ownership after transferring the certificate to the seller of funds.

The buyer and the seller must confirm the permission for the transaction in writing. To do this, you need to contact Rosreestr, where the registration of real estate pledge takes place against funds paid from personal money. The seller must then receive them from the PF. Then it is required to remove the deposit, and the ownership passes to the buyer.

Buying a home

To spend maternity capital on improving housing conditions, there are some conditions. It is important that the house is considered safe for life, provides comfort and is suitable for sanitary standards.

In addition, he must:

• be located in a residential community;
• be an object of individual construction;
• have heating, sewerage, running water and electricity.

Depreciation of the object should be no more than 50%.

It will not work to buy emergency housing. The area where the house is located must be the property of the family. The land is not bought with the funds of the certificate.

If the FIU allowed registering in the settlement, then there are no other restrictions. If there are doubts about the house, the construction commission will check: its conclusion will serve as the basis for the provision of funds.

Building a house

The family can build the facility on their own with the help of construction companies. It is allowed to use maternity capital to compensate for the costs of the construction of the facility, if it was carried out after 2006.

If the services of third-party companies were used, then the basis for obtaining a certificate will be a construction contract. The account of the company is registered there, to which the money is transferred.

When construction is carried out on its own, funds are not transferred immediately:

1. Before construction, give 50%. To do this, you should visit the FIU with the necessary documents: on the ownership of the site, registration, on opening an account, on a building permit.
2. The second half is transferred six months after the completion of the construction of the house.

The plot of land must be purchased for individual housing construction. Registration is carried out according to the norms of the RF LC. It will not be possible to take money for the purchase of a plot; this can be done only for the construction of a house.

If your funds were used for these purposes, then compensation of expenses is allowed. Therefore, it is important to keep all receipts, checks and other payment documents with you, as they need to be submitted to the FIU. The specialists will familiarize themselves with the papers, and then make a decision on compensation.

Apartment purchase

Funds from maternity capital to improve housing conditions can be used to purchase secondary housing. What are the conditions for 2021? The transaction is carried out in two ways:

1. It is necessary to wait until the child is 3 years old.
2. You can get a mortgage and use the capital as a down payment or loan repayment.

If the family wants to use the money right away, then during the registration of the mortgage, the need to buy a home must be spelled out in the agreement. The document is transferred to the FIU. It also prescribes how long it takes for the bank to transfer funds to the seller. The money from the certificate is transferred to the financial institution 2 months after the date of approval.

It must be remembered that within 2 months you will have to pay interest yourself. Then it is allowed to use the money of the certificate. Families may face some difficulties in completing this transaction:

1. Not all financial institutions provide mortgages that will be reimbursed with capital.
2. It is allowed to contact consumer cooperatives, but there is a high rate.

If the baby is more than 3 years old, then the funds of the certificate are transferred to the seller's account. The nuances of this deal:

1. The settlement of the buyer with the seller does not occur immediately, which is prescribed in the contract.
2. The seller can take a certificate from the FIU about the balance of money under the certificate.
3. The contract specifies when the transfer of ownership occurs. This can be done after the signing of the contract or after the transfer of funds.

The first option is preferred if the seller agrees to such terms. In the second, there are some risks if the FIU does not transfer the money and may require the transfer of ownership after the transfer of the amount. All this is specified in advance and must be specified in the contract.

The seller can include in the document a section on the timing of the buyer's contact with the FIU to transfer the funds of the certificate. Usually 10 days are given. If one party has violated the terms, the other has the right to cancel the transaction.

Thus, families can spend maternity capital to improve their living conditions. It is only important to know what conditions apply in 2021 and comply with them. In addition to the purchase, funds can be spent on the repair and reconstruction of the existing residential property.

The main requirement is that the child is 3 years old. Keeping checks is required, which will serve as the basis for receiving compensation.

Summarize

1. The maternity capital can be used to buy an apartment or house.
2. Only residential properties are allowed
3. The contract specifies all the nuances of the transaction, including points on the use of certificate funds.
4. The transfer of funds for transactions is carried out by the Pension Fund.