Translation. Region: Russian Federal
Source: Mainfin Bank –
Why haven’t the authorities agreed to expand the “Family Mortgage”?
The government, together with the Ministry of Finance, does not approve the expansion of preferential mortgagesThe authorities had to abandon the initiative for a number of reasons:
high key rate – state support will require significant expenditures from the budget; the Russian budget has been formed – it is difficult to provide for additional expenses; the budget remains tense – only 2 trillion rubles are required for the implementation of preferential mortgage programs in 2025, a revision of the terms will lead to an increase in this amount.
“The proposal may be considered when the rate drops – we plan to return to the issue and develop new conditions for preferential mortgages,” the government noted.
It is interesting that outside the framework of lending with state support, mortgages on market terms are not available to most families in 98% of the country’s regions. High rates have led to a decrease in demand for real estate and a cooling of the market.
What home loan terms are available to families?
Russian families still have access to preferential mortgages launched in 2018 – the program has been extended until 2030. Since 2024, the conditions have been tightened – you can get a loan:
families raising a child under 6 years old, as well as children with disabilities at any age; for the purchase of an apartment only in new buildings, and in small cities where the construction of apartment buildings is not actively underway – also on the secondary market; at a rate of up to 6% per annum; with a maximum amount limited to 12 million rubles in Moscow and the region, St. Petersburg and the region, 6 million rubles in other regions.
The authorities have repeatedly stated the need to revise the parameters of preferential mortgages – loans with state support should become as targeted as possible and accessible only to those borrowers who really need to improve their housing conditions.
10:00 01.07.2025
Source:
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect
хттпс://маинфин.ру/новости/льгот-не-будет-рассирение-ипотеки-с-господдержкой-на-семьи-с-детьми-до-14-лет-отложено