Math capital down payment mortgage. Mortgage under maternity capital: how to apply, programs and conditions of banks

Sberbank mortgage with maternity capital as a down payment - repayment of a housing loan with mat capital

A mortgage under maternity capital in 2018 from Sberbank, the calculator of which can be easily found on the bank's website, is an attractive solution. Already many people have been able to appreciate its benefits. In our article, we will consider all the nuances of this program.

Mat capital is one of the forms of state support for families. It is provided after the birth of a second child and can be used for a variety of purposes, including improving living conditions.

With it, you can expand an existing apartment or take a loan to purchase a new one. The second option is quite popular and many customers have already used it.

Who can count on mat capital? This is a woman who has given birth to a second child. You need to contact the Pension Fund and go through the registration process. The amount is transferred to a special account with the FIU and will be kept there until it is used.

Getting a home loan is only one of the ways to use mat capital, but it is very popular at the moment. Sberbank can offer one of the best conditions for such programs. So let's look at them together.

Sberbank mortgage terms for maternity capital

How to pay off a mortgage with maternity capital in Sberbank? To do this, it is enough to conclude an agreement with the bank, and then apply to the FIU with a corresponding application.

What conditions are offered now? The parameters are as follows:

• The rate is from 7.4%.
• The loan amount is up to 30 million rubles.
• The term is up to thirty years.
• Initial payment - not less than 15 percent.

The first installment may be more than the specified parameter. The client independently determines its size. But keep in mind that a financial institution does not issue mortgage loans less than 300 thousand rubles.

The conditions are quite good. This program offers low rates for customers. You have a chance to save on interest and buy your own home with a small overpayment.

Important! The maximum loan amount is determined individually. When calculating it, experts take into account the following parameters:

1. The number of co-borrowers in the future contract.
2. their total income.
3. The ability of clients to fulfill their obligations.

According to internal algorithms, employees calculate the loan burden. If it exceeds a certain parameter, then the loan will be denied. Therefore, sensibly assess your financial capabilities when contacting the organization.

Advantages and disadvantages of this type of lending

Using maternity capital as a down payment in Sberbank on a mortgage has a number of advantages:

• Attractive interest rate.
• You can pay off the entire down payment or part of it.
• It will not take long to collect the required amount in order to transfer it to the bank after registration.
• It is possible to improve living conditions right now.
• There are preferential rates for programs for young families.
• You will appreciate the excellent conditions.
• There are no additional fees.
• There are special conditions for payroll clients.
• Individual approach to the consideration of the received request.
• You can attract co-borrowers to increase the maximum loan amount.

Disadvantages:

• You will have to spend a little more time on the design.
• Additionally, visit the FIU.
• Any mortgage loan involves an overpayment.
• You will have to repay the loan received over a long period of time.

If you decide to take out a loan to buy an apartment, then you will have to overpay for it. But often, customers simply have no other choice. Upon receipt, familiarize yourself with the repayment procedure, request a calculation of future payments.

How to get a mortgage with maternity capital?

Do you want to take a loan for an apartment using maternity capital? To apply for a home loan, you need:

1. Provide the office with a package of documents, write an application.
2. Wait for the application to be reviewed and a decision made.
3. If you received a positive response, then you need to select an object for purchase.
4. Send documents on it to the bank.
5. Sign an agreement with the institution.
6. Register ownership of the object.
7. After that, Sberbank provides a mortgage with maternity capital as a down payment.

If you study this diagram, the process seems simple. In fact, it will take you some time. You will have to collect documents, wait for their consideration, sign contracts.

When you go through all the stages, you will be able to use mat capital and celebrate a housewarming party. But remember that the decision is made individually, and the bank may refuse the client after reviewing the documents.

papers

What documents are required to submit to the institution:

• Passport.
• Second personal document.
• Bank statement of income.
• Registration documents at the place of residence.
• Questionnaire.
• Housing documents.
• Information from the FIU.
• Capital certificate.

Young families additionally need to provide a certificate of marriage and the birth of a child. All papers are transferred to the employees of the financial institution and are carefully considered.

How to deposit maternity capital into a mortgage?

How to get a mortgage under maternity capital in Sberbank? After the conclusion of the agreement, you need to come to the FIU within six months. You need:

1. Submit a contract.
2. Write an application for the transfer of funds to the bank.
3. Specialists will consider the request and transfer the money to the account of the institution.

This is a simple instruction on how to repay a housing loan with maternity capital. Funds must be transferred by the FIU staff within a short time.

Mortgage refinancing with maternity capital

After using mother capital, further refinancing causes big problems. If you decide to invest it in a loan, then banks may refuse to refinance.

Refinancing is possible in the case when the children are not endowed with property. If they have shares, then the institutions are more likely to refuse the submitted application.

Therefore, before investing mother capital, carefully analyze the proposed conditions. Carefully study all the options to make the right decision.

If refinancing is possible, children do not have a share in the apartment, then the procedure can be performed according to the following scheme:

• Contact other banks, ask them to offer you conditions.
• Collect responses from institutions. Provide them to your financial institution ask for a lower rate.
• If your bank refused to change the terms, then enter into an agreement with another institution.
• After completing the procedure, the new bank will pay the balance of the loan, you will become its client.

Important! Refinancing is a rather expensive procedure. To collect documents and go through all the stages, you will need to spend a certain amount. Therefore, before making a decision, one should calculate the real benefit from moving to another institution.

Sberbank mortgage calculator with maternity capital 2018

The article examined the conditions in 2018 for a mortgage with maternity capital, while the Sberbank calculator will help you make the calculations. You do not need to know special algorithms and formulas to cope with this procedure. It is enough to use a convenient tool from a financial institution.

How to work with the calculator?

1. Go to the bank's page http://www.sberbank.ru/ru/person/credits/home/mot.
2. Enter the loan amount on the form.
3. Choose the size of the initial payment.
4. Determine the duration of the return.
5. Click on additional items in the form.

The client is provided with a list of basic data, including the loan amount, interest rate, monthly payment amount. The calculator works using special algorithms that are introduced by specialists when setting it up.

Important! The data provided is preliminary. You can find out the specific parameters already when applying for a housing loan. The specialist will perform the calculation and provide the information of interest for review.

What are the benefits of a calculator?

• It is easy to use.
• You can perform the calculation in the absence of special knowledge.
• The whole procedure takes a minimum of time.
• It works stably and perfectly copes with its tasks.
• The calculation accuracy is high. But do not forget that the data is provided for informational purposes only and is not a public offer.
• Specialists update the algorithms in a timely manner, taking into account changes in loan parameters.

When a family receives the right to state support for the birth of a second child, the most difficult question for them is which bank can apply for a mortgage on favorable conditions? Consider the rating of banks offering maternity capital as a down payment on a mortgage.

Taking into account the statistics of the past years, the most demanded area of ​​using state aid is “Improvement of living conditions”. The state strictly regulates the conditions for the use of maternity capital. According to federal law, permission to use funds in part or in full can be considered by the FIU 3 years after the birth of the child in the family. There is an exception to this rule: funds from maternity capital can be used up to the child's third birthday as part of obligations related to home loans.

Given the fact that the full amount of state support in the amount of 453,026 rubles in 2018 will not be enough to purchase your own housing, it remains to consider options mortgage lending. When applying for a housing loan, banks put forward a mandatory requirement - payment of the down payment. As a rule, this is 20% of the total loan amount. Making a contract for the purchase of real estate in the amount of not more than 2,265,000 rubles, the full amount family capital enough to pay the first installment.

Requirements for the borrower when applying for a mortgage

To use maternity capital as a down payment on a mortgage in 2018, the borrower must meet the standard requirements for banks:

• Having a good credit history;
• Permanent income (monthly mortgage payment should not exceed 40-50% of your income);
• Duration of continuous work (6 months, in some banks - 3 years).

Banks working with maternity capital

Of the entire set of credit organizations in the Russian Federation, only a few banks can be named that represent mortgage loan programs as part of the use of family capital. Consider financial institutions with the most profitable mortgage programs for mat capital in 2018:

• Sberbank of Russia;
• DeltaCredit Bank;
• UniCredit Bank;
• VTB 24;
• Bank Russian capital.

The criteria for the work of banks with maternity capital differ in the size of the down payment, the type of housing purchased, the interest rate, and the loan term.

Mortgage plus maternity capital in Sberbank

Sberbank offers to issue a loan for residential real estate by directing funds to mat capital to pay the down payment. Potential borrowers can take advantage of one of the following programs:

• Purchase of finished housing;
• Purchase of housing under construction.

Loan for the purchase of finished housing

The program operates as part of a campaign for young families with a base interest rate of 8.7% per annum. Subject to registration of the electronic registration of ownership, the annual interest on the loan is reduced by 0.1%. These interest rates are relevant, provided that you receive a salary on a Sberbank card, or if the property you have chosen was built on bank loans.

In case of non-compliance with the above requirements, allowances are provided:

• +0.5% if you are not a member of the Sberbank salary project;
• +1% if you did not use the life and health insurance program, according to the requirements of the bank.

Participants of the "Young Family" program can count on a discount on the annual interest rate of 0.5%. A prerequisite is that the age of one of the spouses should not be older than 35 years. This discount can be used by single parents up to 35 years.

The maximum loan term is 30 years. An initial contribution of 15% can be paid from maternity capital. You can submit an application online on the Domklik portal. When buying an apartment on DomClick.ru, you can save money by getting a 0.3% discount.

Sberbank offers a mortgage loan for the purchase of an apartment in a new building for maternity capital. The terms of the loan provide for a reduced interest rate - from 7.4% per annum. The interest rate on general terms is 11.5%. To lower it to 7.4%, you need to:

• Purchase real estate from certain developers (the loan rate is reduced from 1.5-2%, depending on the loan term);
• Execute electronic registration of the transaction (-0.1%);
• Take advantage of life and health insurance services at Sberbank Insurance (-1%);
• Confirm your income with documents (-0.4%);
• Receive a salary on a Sberbank card (-0.5%).

Discount from developers is valid only for a loan term of up to 12 years.

The conditions of the action "Acquisition of housing under construction" provide for the possibility of issuing a loan in two equal parts. The first part is issued after the registration of the equity participation agreement, the second - before the signing of the deed of transfer.

The loan is issued for up to 30 years. The maximum amount is 85% of the value of real estate purchased on credit or another object that is pledged. The initial payment (15%) can be paid with maternity capital.

Mortgage under maternity capital in DeltaCredit Bank

When purchasing real estate with a mortgage using DeltaCredit Bank, you can count on the possibility of using mat capital as a down payment or early repayment of an obligation. The amount of the down payment is from 10-40% of the total amount and depends directly on the type of property you have chosen. If the amount of maternity capital is not enough to pay off the first installment, the borrower must make additional funds.

A potential borrower can choose real estate both in the primary and in the secondary market. The choice of type of housing is quite wide. It could be:

• Apartment – ​​down payment 15%;
• Share in the apartment - 10%;
• Room - from 10%;
• Country house - 40%.

DeltaCredit Bank does not advertise the size interest rate on a mortgage, arguing that this factor of the loan agreement is considered on an individual basis. In this direction, a special program “Set your rate” was developed, the principle of which is to reduce the rate on a loan when you deposit an amount equal to a certain percentage of the total loan amount.

Thus, the mortgage rate on the loan is reduced by 0.5% when making an amount equal to 1% of the total cost of the loan, by 1% when paying 2.5%, by 1.5% when paying 4.5%. Using the loan calculator on the official website of the bank, you can find out the base rate - 10.75%.

Mortgage repayment frequency in DeltaCredit Bank is 1 time in 14 days. This allows you to make an additional 2 payments every year, which helps to reduce the loan term.

Mortgage under maternity capital in UniCredit Bank

Mortgages in UniCredit Bank can be taken for a period of 1-30 years by paying an initial payment of 20-50% depending on the type of residential property:

• 20% - when buying an apartment or apartments;
• 50% - when buying a residential or garden house, townhouse or cottage.

In this case, the amount of the initial contribution can be reduced by the amount of maternity capital. One of the main conditions of the bank when issuing a loan is the purchase of an apartment in residential buildings under construction or a land plot with a residential building located on it from a certain list of objects.

The maximum loan amount is 9,000,000 rubles. The interest rate is fixed, when making an initial contribution of 20% - 10.9%, in the amount of 50% - 12.25%.

A mandatory requirement of the creditor is the location of the employer and the address of registration of the participant in the transaction within the Russian Federation, with the exception of the Republic of Crimea and Sevastopol.

Maternity capital, as a down payment on a mortgage in VTB24

VTB24 offers 3 options for using maternity capital:

• Like a down payment on a mortgage;
• To repay a loan;
• Increase in loan amount.

The interest rate on a mortgage loan at VTB24 depends on the term of the loan and the amount of the down payment. The minimum rate is 11.9%, the maximum is 14.45%. The conditions for participation in the Mortgage + Maternity Capital program determine the minimum loan amount of 600,000 rubles. The down payment cannot be less than 10% of the apartment price. The maximum loan term is 30 years.

VTB24 presents 2 loan products operating under the Mortgage + Maternity Capital program:

• New building;
• Secondary housing.

Mortgage under maternity capital in the bank Russian capital

Young families that are owners of maternity capital can take advantage of mortgage lending programs from Russian Capital Bank. The certificate can be used to reduce the amount of the down payment and increase the amount of the mortgage loan. The Parent Capital option is compatible with the following mortgage programs:

• Acquisition of finished housing;
• Acquisition of housing under construction.

The interest rate on loans is variable and can be indexed depending on the value of the consumer price index for goods in the Russian Federation.

Acquisition of finished housing

The program is aimed at acquiring an apartment in a residential building or townhouse on the primary or secondary market, including in a block-built building, on preferential terms. The interest rate varies from 9-11.1% per annum, depending on the amount of the down payment. The minimum down payment is 20%. The loan is issued for a period of 3-30 years in the amount of up to 20 million rubles.

Acquisition of housing under construction

It is possible to purchase housing under construction under the mortgage program of Russian Capital Bank only in facilities accredited by AHML. Borrowers can purchase real estate in objects under construction by concluding an agreement on participation in shared construction.

• Annual interest on the loan - 9%;
• The minimum loan term is 3 years, the maximum is 30 years;
• Loan amount up to 20,000,000 rubles.

Conclusions: in which bank to take a mortgage?

Comparing the conditions for issuing mortgage loans from competitor banks, we can say with confidence that the program of Sberbank of Russia is the most profitable. This is confirmed by the lowest loan rate - 7.4% per annum and the fact that the amount of maternity capital is quite enough to be used as a down payment (15%) when buying real estate worth up to 3 million rubles.

How to get a mortgage with maternity capital?

What documents do you need to submit to the FIU when applying for a mortgage for maternity capital?

To apply for a mortgage with the involvement of maternity capital, it is necessary to prepare 2 packages of documents: to the bank and to the pension fund.

Documents for the FIU:

• Identity card of the certificate holder;
• Application of the established form for the transfer of money to the bank;
• Original certificate of family capital;
• When drawing up a mortgage agreement for a spouse, it is necessary to present his passport and marriage registration certificate;
• A copy of the mortgage lending agreement;
• Notarized commitment to share registration of ownership (no later than 6 months from the date of loan repayment);
• Technical documentation for the property, confirming its compliance with housing conditions.

Documents requested by the bank for obtaining a mortgage loan for maternity capital

There is a standard package of documents required by banks to use maternity capital as a down payment on a home loan. This list may be supplemented in connection with the individual requirements of the credit institution.

• A photocopy and original of the capital certificate;
• Certificate on the amount of the balance of capital funds issued by the pension fund of the Russian Federation;
• Help 2 personal income tax for 6 months;
• SNILS;
• Copies of the most recently filed tax returns;
• Contract for the sale of real estate;
• Applicant's passport;
• A copy of the documents establishing the right to the acquired housing;
• A copy of the cadastral passport.

How to get maternity capital?

Before applying to the bank with an application for a mortgage loan under maternity capital, you must obtain the appropriate certificate. It is issued in the pension fund of the Russian Federation upon submission of a mandatory package of documents:

• Birth certificate of the second child;
• mother's passport;
• Application for obtaining a certificate of the established form;
• SNILS;
• Form 9.

The application is considered within one month, followed by the issuance of a certificate.

Requirements for the property

Maternity capital can be directed to the acquisition of residential real estate in strict accordance with the following conditions:

• The property must be located within the Russian Federation;
• Availability of connection of necessary communications;
• Recognition of residential property suitable for habitation;
• It is issued in the shared ownership of the whole family, including children.

If the above conditions are not met, the FIU may refuse to use mat capital funds.

The procedure for obtaining a mortgage loan with the involvement of maternity capital as a down payment

Making a transaction requires simultaneous interaction with two organizations: a bank and a pension fund. The first thing to start with is to submit the necessary documents to the FIU to obtain a certificate. As soon as the application is considered and you receive the relevant document, you can start monitoring mortgage programs in various banks operating under state support.

The next stage is the collection of the necessary package of documents for the execution of a mortgage lending agreement. The terms of the use of maternity capital must be fixed in the contract. Next, we apply to the FIU with an application to transfer money to the appropriate credit institution, submitting for this complete list documents.

After the PFR transfers the money to the bank, the transaction can be considered completed. All you have to do is pay your loan installments regularly. After the full payment of the obligation, you can proceed to register housing in Rosreestr in the shared ownership of each family member.

Important Points

When applying to a pension fund with an application for the transfer of maternity capital to a credit institution, it is necessary to take into account the specifics of the service. The fact is that the amounts of accruals are formed with a frequency of once every six months. For example, if you plan to apply for a mortgage loan in the winter, apply to the FIU in advance, in the summer.

To provide additional guarantees for the bank, the execution of a mortgage loan involving mat capital is accompanied by compulsory insurance. It should also be remembered that the acquired property will be under the burden of the bank until the obligation is paid in full. Accordingly, subsequent sales transactions or donations are excluded.

One of the most frequently used for families with children, with which you can purchase your own housing.

At first glance, it may seem that the procedure for using maternity capital as a down payment on a mortgage is quite simple and transparent.

In fact, there are some conditions and features that you need to know about before making a final decision to purchase a living space on credit.

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Use of material resources of the capital for the first installment for housing

At birth in the family of the second, third, etc. children, the state guarantees the extradition Money. These funds represent a kind of purposeful financial support, the use of which can take place in the following areas:

Pay off the debt and interest on the loan, which the family has already been issued earlier.

If the family has already taken out a loan to buy their own home, they can go to increase the amount of the loan. As a result, it becomes possible to purchase larger or better housing.

Since 2016, maternity capital as a down payment on a mortgage can be accepted in several large banks. Until that time, these funds could only be used to purchase a home as collateral after the youngest child was 3 years old.

The main difficulty lies in the fact that not all banks agree to accept these funds as a down payment on a loan. The same banks that provide such an opportunity set certain conditions.

Features of the procedure

In order to make the right decision about buying a home as collateral and choosing the right bank to complete the process, you need to understand the essence of the process.

And also to present what documents to provide for this.

To be able to use state financial assistance to buy a home, you will need to collect some documents:

• SNILS of the youngest child and his parents.
• Mother's and father's passports.
• An agreement by a banking organization that agrees to accept these funds.
• The mother or father of the child must write a document in which he agrees to be used to pay off the mortgage.

After all these documents are collected, they must be submitted to the PF.

To be able to use capital to purchase housing, you must meet certain conditions:

• Parents must have a certificate in their hands for the right to receive maternity capital.
• At least one of the parents must be officially employed, which gives him a stable income.
• None of the family members should own a living space.

To speed up the procedure, and not stretch it for many months, experts recommend adhering to the following sequence of its implementation:

• Decide on the choice of a bank that is ready to accept funds as a down payment on a mortgage. In order not to get into trouble, it is best to consult with bank specialists who will tell you about the features and conditions of lending in their banking organization.
• Collect the above. The most important among them is a loan agreement with a banking organization.
• Make an appointment with the pension fund, where to submit all the collected documents. In addition, the FIU will need to write a statement about the desire to use the funds for a mortgage.

Now it remains only to wait for a positive answer. Also, keep in mind that the answer can be negative.

There may be several reasons for this, but the most significant among them is that the father or mother has already used the financial assistance of the state for the first payment on the loan. This means that the person has the intention to deceive the state.

Loan conditions in different banks

I would like to note that not all banks agree to use government financial assistance as a loan. Each of the banking organizations that practice such a service has its own conditions.

Savings bank

In order to use the mother's income for the down payment on a mortgage at Sberbank, the income of one of the child's parents must be at least 50 thousand rubles.

The loan amount provided by the bank is 3 million 400 thousand rubles, while the down payment is 15% of this amount.

The loan term at the Savings Bank reaches 30 years.

The size of the interest rate on the loan ranges from 13.5 - 14.5%.

To facilitate the registration of this, you can go to the website of a banking organization and use online calculator ohm.

The peculiarity of this calculator is that when calculating it, it takes into account the family income, the number of members in the family, as well as the maximum family expenses for a month or a year.

VTB 24

In this bank, you can use two programs: "Secondary housing" or "Apartment in a new building." Regardless of the program chosen, one condition must be met, which provides for the payment of 10% of the total loan amount from your personal funds.

As this, funds from maternity capital can also be used. The minimum interest rate is 11.95%.

In this bank, there is no need to use an online calculator, since the conditions for using these funds are the same for all borrowers. The term for which you can get a loan reaches 50 years.

On the video you can see about VTB Bank and maternity capital:

Rosselkhozbank

One of the advantages of obtaining a loan in this banking organization is a rather low interest rate (10.5%). The maximum amount for which a loan can be made ranges from 100 thousand to 20 million rubles.

The down payment is 15% of the total loan amount. The loan can be issued for up to 25 years. An important point is also the fact that lending in the Russian Agricultural Bank involves mandatory real estate insurance.

In addition to these banks, this service is also provided by METCOMBANK, Unicredit Bank, Otkritie Bank, URALSIB Bank.

Before making a final decision on which of the above-mentioned banks to take a loan for the purchase of housing on credit, experts recommend visiting each of them and getting detailed information from a consultant on lending conditions.

In this case, it is also necessary to take into account the average income of each family member, as well as expenses during the month or year. It depends on the amount of the first payment.

What you should pay attention to

Before you start using maternity capital, you must notify the pension fund no later than six months before. To do this, you will need to write an appropriate application. This is due to the fact that planning for the payment of state financial assistance is carried out every 6 months.

If part of the funds received has already been used, for example, to pay for a child's education, the remaining part can only be spent on repaying a previously taken loan to buy a home.

Before drawing up with a credit institution, it is necessary to clearly determine whether ready-made housing will be purchased or whether the funds will be used to pay a part in shared construction. The difference in these two options lies in the price per square meter of living space.

When housing is registered as a property, one should not forget about the condition according to which the apartment must be issued equally to all family members.

When choosing an apartment that will be purchased on credit, you need to be careful about its total cost. This is due to the fact that the maximum amount is calculated according to the total income of each family member.

If the amount of maternity capital covers the loan taken, there will be no difficulties. If parent loan not enough to pay off your home mortgage, you will have to pay the rest of the difference yourself.

After all the formalities are resolved and all documents are signed, the acquired housing cannot be sold, mortgaged, exchanged or donated. This restriction will remain in effect until the loan is fully repaid.

Given all the conditions, you can competently use the maternity capital as the initial loan. This is a unique opportunity with the help of which young families can buy their own housing on credit without delaying the housewarming for several decades.

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Despite the fact that the Pension Fund and legislative norms Russian Federation allow as an initial cash contribution when applying for a mortgage, it can be noted that obstacles are often created by banking institutions themselves. In addition, there are many restrictions on the use of maternity capital funds, and not all banks agree to cooperate with this social program. The state is allowed to use the received certificate solely to improve the current living conditions of a family with two or more children. And if on the part of the state such a measure is very justified, then a mortgage with high interest rates often looks like robbery.

To date, you can analyze in which bank the lending program is most profitable, on your own, taking into account your own, individual situation and all sorts of nuances. But it is necessary to approach this issue carefully, without haste, since hasty actions will have to be paid for more than one year.

A very important point when paying a down payment with the help of maternity capital is that such an opportunity appears only after the child is three full years old. Until then, social assistance will not be used for this purpose.

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Loan conditions

Since many citizens have no other choice but to apply for a mortgage for the purchase or construction of housing, the difficulties described above practically do not stop anyone, especially with support in the form of maternity capital, because not every family with children has enough savings. However, desire alone is not enough. In order to obtain the consent of the bank, before engaging in further processing and making an initial contribution, it is necessary to meet the bank requirements, namely:

Only in the case when a family with children meets all three of these criteria, you can expect that a banking institution will approve the issuance of a mortgage. Next, you will need to prepare an established list of documents, which may differ slightly in each bank.

Documents to be prepared in advance:

• Personal passport of a citizen of the Russian Federation;
• Certificate for receiving maternity capital, issued in the name of the applicant;
• Certificate in the form 2-NDFL (income tax);
• Copies of tax returns;
• Certificate that the funds are in the account;
• Guarantor's statement.

Transfer procedure

After the bank approves the application for a mortgage, and the Pension Fund gives permission to use maternity capital as a down payment, you can proceed directly to registration. First of all, you need to prepare and take with you all the documents required by the banking institution, which will be attached to the mortgage agreement. You should also prepare the necessary documents for submission to the Pension Fund, along with a statement that the family is taking a loan and intends to make the first installment from the due maternity capital. Approval of the request must be from both institutions.

The Pension Fund can be refused if it turns out that the applicant has previously received state benefits and is trying to use it again. It will also take into account what kind of housing the family acquires in a mortgage. They are especially wary when it comes to apartments or apartments with close blood relatives.

Then you can conclude a mortgage agreement in the selected banking institution. But before you put your signature in the document, you need to carefully read the terms of the contract, the procedure for repaying the debt and the nuances of early payment so that there are no surprises in the future.

Payment by certificate

Recipients of a certificate for maternity capital should not forget that according to the law it is impossible to cash out the accrued money. That is, the family has the right only to decide where to send them within the established options (acquisition and construction of housing, tuition fees, increase in maternity pension savings). Another nuance is that the Pension Fund will transfer the first installment only when the purchased housing is already owned by the owner for whom the mortgage is issued. In turn, it can be noted that such a procedure forces you to pay fixed interest throughout the entire period of loan repayment.

Given these circumstances, in some cases, if the situation allows, it is much more profitable to use maternity capital for payments on a previously received loan, and not as a down payment. Such a decision allows you to reduce interest rates, and besides, the family does not have to wait for the child to turn three years old in order to take advantage of the state benefit and take out a loan. Therefore, in order to make a final decision, it will not be superfluous to take into account all possible risks and decide what is best for you.

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To use the subsidy as a down payment on a mortgage, you need to take a certificate from the Pension Fund branch on the amount of the remaining funds, apply for a loan, contact the Pension Fund branch with credit documents and a certificate for mother capital to transfer funds to the bank.

On May 23, 2015, Law No. 131-FZ entered into force. It makes it possible to direct maternity capital funds for a down payment on a mortgage before the child turns 3 years old.

To direct family capital to a down payment on a mortgage, you need to consistently go through the following steps:

• obtaining a certificate from the Pension Fund on the balance of funds;
• mortgage registration;
• applying to the Pension Fund with a statement on the disposal of family capital funds.

Obtaining a certificate for mother capital

A package of documents required to obtain a certificate is provided to the territorial body of the Pension Fund of Russia (hereinafter referred to as UPFR) at the place of residence (stay) or actual residence, or at the MFC (). You can enter data on documents and write an application in personal account on the State Services website. Required documents:

• birth certificate for each child (or adoption certificate);
• a document confirming the citizenship of the Russian Federation for a child (certificate of registration at the place of residence (Form 8));
• mother's passport (or);
• the official representative must have a passport of a citizen of the Russian Federation and a notarized power of attorney confirming the authority.

Consideration lasts one month from the date of submission. Then you will receive a notification by mail that the certificate is ready, and you can pick it up.

The indexation of maternity capital has been discontinued until 2020. If it is renewed, the amount of the subsidy will change automatically, there is no need to change the form.

About the subsidy

Maternity capital is a benefit that cannot be received with “live” money. All payments are carried out only in non-cash form.

Any schemes for cashing out mother's capital are fraudulent and fall under Article 159.2 of the Criminal Code of the Russian Federation, according to which the convict faces a fine of 120 thousand rubles or in the amount of the person's earnings for one year. Either 360 hours of compulsory work, or 1 year of corrective labor, or a suspended sentence of up to 2 years, or arrest for 4 months.

Legally from matkapital it was allowed. If such a payment was made, the remaining funds can no longer be used as a down payment. Therefore, before submitting documents to the bank, you need to take a certificate from the UPFR stating that no money was issued from the mother's capital.

In 2017, cash payments from maternity (family) capital are not made.

Bank selection

Most banks work with maternity capital, but not all accept a subsidy as a down payment. Due to the fact that large credit organizations issue mortgages against maternity capital, families will have no problems finding a lender.

Table 1. Brief comparative information credit institutions

If the bank in which one of the borrowers receives wages accepts mother capital as a down payment, then it is better to apply there first to obtain a mortgage. In this case, a person is a payroll client and can count on preferential lending terms.

Collection of documents

So, the bank is selected. Now you need to prepare the necessary papers. You can apply for a loan:

1. If the property is not selected, and the loan amount is planned approximately (or the maximum possible, taking into account family income).
2. If the property is selected and the loan amount is the cost of a particular property.

Author: . Higher legal education: North-Western branch of the Russian Academy of Justice (St. Petersburg) Work experience since 2010. Contract law, tax advice and accounting, representation of interests in state bodies, banks, notaries.
July 8, 2017 .