Translartion. Region: Russians Fedetion –
Sours: Mainfin Bank –
What conditions will apply to family mortgages for secondary housing?
Extended Family mortgage will come into effect in April – it will be possible to buy an apartment on the secondary market at a preferential interest rate in populated areas where no more than two apartment buildings are under construction at the time of the loan. Young parents will be able to conclude the deal under the following conditions:
the rate for the entire term is 6% per annum; the initial payment is not less than 20% (maternity capital can be used); the maximum amount is limited to 12 million rubles in Moscow and the Moscow region, St. Petersburg and the Moscow region, 6 million rubles in other regions; you will be able to buy an apartment in a house built less than 20 years ago, the program does not apply to emergency housing; you can only use the benefit once; you will not be able to conclude a deal with relatives.
It is assumed that the extended family mortgage will be in effect until 2030, however, if the market situation changes, including insufficient funding, the Ministry of Finance may decide to terminate the program early.
Who can take advantage of the extended preferential mortgage?
The mortgage program is available to families raising a child under 6 years old. Residents of regions where construction is underdeveloped will be able to buy an apartment on the secondary market. Experts believe that the program will be most in demand in Ingushetia, Kalmykia, Novgorod and Kostroma regions, as well as in Mordovia and Circassia.
“In large cities, the construction of apartment buildings is actively underway, so here the expansion of the program will not affect the volume of family mortgages issued, but the purchase of housing will become more accessible to residents of small towns,” noted experts from Domklik.
By the way, by the end of March, the Ministry of Finance and the Ministry of Construction plan to discuss a new expansion of family mortgages – registration of a preferential loan may become available to families with children over 6 years old. The proposal to expand support measures is still being developed.
14:35 03/25/2025
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