Commitment to the parent capital. Mortgages for state support

To date, many parents are puzzled by the question: "What obligation does the borrower bear on the parent's capital?" This and other useful information you can learn in this article.

Loan for capital

It is possible to borrow a bank under the parent's capital, but only for the purchase, construction or reconstruction of housing. According to 256-FZ, it is impossible to use state material support in order to obtain consumer credit. Consumer is considered a loan for the purchase of furniture, household appliances, travel and car loans.

What is the obligation on parent capital?

If you want to get a long-term loan with the help of public funding, you need to give the bank a certificate and a certificate (issued by the Pension Fund) about the availability or the balance of the maternity capital. The financial institution considers the application for the provision of a mortgage / loan from 2 to 7 working days. Housing should be registered in the property of both parents and children. If this condition is not met (there is no registration of an apartment / house for the whole family, only for one person), then responsibility falls according to the legislation of the Russian Federation. You will need to visit a notary and make a written commitment to the parent capital.

On what terms is the mortgage issued with the parent capital?

- The initial amount of the contribution can reach 10% of the total cost of housing.

- The maximum crediting period can reach 30 years.

"The guarantors are not needed."

- The interest rate, if you comply with the terms of insurance, from 9.5% to 12% per annum. If you decide to do without insurance, then from 10% to 12%. But the final percentage will depend on individual circumstances.

- The main thing is to write and assure the notary of the obligation on the parent capital.

Procedure for calculating the amount

Based on the solvency of the client, employees of the financial institution calculate how much mortgage lending the bank will be able to provide. In order for the funds of the parent capital to be directed to the initial payment or repayment of a part of the mortgage, together with the application it is necessary to provide a certificate to Sberbank.

A loan for maternity capital in Sberbank, aimed at housing construction

The bank gives an opportunity to begin construction of new housing or purchase of an apartment in a house under construction using state support. And maternity capital can be used as a down payment, and go for a gradual repayment of the entire amount.

Money transaction

In six months from the date of registration and approval of the request for a mortgage, you must write an application to the Pension Fund for the transfer of money to the parent bank account. I note that these conditions are spreading throughout Russia.

Mortgage for maternity capital - is it profitable?

In comparison with a regular mortgage, a loan for state support is more profitable. It does not matter whether you build or purchase, you will be housing. A convenient loan for maternity capital in Sberbank is that you do not need to seek money for an initial payment - you have a certificate. Possible and the next option: the first part of the parent capital to send to the first major contribution, and the second - to pay interest. But this option is not always approved, it all depends on the ability to pay.