Translation. Region: Russian Federal
Source: Mainfin Bank –
How might preferential mortgages for families with children change?
The government will submit proposals to revise the terms of family leave by June 15, 2025. mortgages. It is expected that the parameters for issuing preferential loans for the purchase of housing will change:
mortgages will become available to families with children under 14, i.e. the circle of potential borrowers will be significantly expanded; credit limits will be differentiated and will depend on the size of the family; other conditions may also change, which the Ministry of Finance and the Ministry of Construction previously insisted on in the hope of reviving the market.
The terms of preferential mortgages are planned to be relaxed, which will ensure housing availability for a wide range of families. The proposals are being prepared by the government and the commission of the project “Infrastructure for Life”.
What conditions are currently in effect under the Family Mortgage program?
The preferential mortgage program was launched in Russia in 2020 and partially curtailed in the summer of 2024. However, families with children under 6 years of age (or a disabled child) can still take advantage of state support. Loans are provided on the following terms:
interest rate – 6% per annum; the amount is limited to 12 million rubles in large cities and 6 million in other regions; you can get a loan to buy housing in new buildings or individual housing construction; the minimum down payment is 20%.
“Currently, preferential mortgages are as targeted as possible – families who need to expand their living space can participate in the program,” the expert noted.
The family mortgage, which was originally planned to be completed in 2024, was extended until 2030. Russian borrowers also have access to other preferential programs – Rural, Far Eastern, Arctic, Military, IT mortgage. A preferential mortgage program at 2% per annum for SVO participants is also being developed, but the launch dates have not yet been disclosed.
15:00 03.06.2025
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