On the territory of the Russian Federation and in the regions, there are a number of programs for registration of benefits for mortgage lending, thanks to which citizens can register the purchase of housing and receive a subsidy to repay the mortgage loan.
Instructions
Step 1
Mortgage subsidies partially reimburse the borrower's mortgage loan expenses during the first few years after the loan is disbursed. The real interest rate is thus much reduced, as a result of which the mortgage becomes more affordable, and, accordingly, more attractive.
Step 2
To use preferential lending programs, citizens must have this right, which they confirm with the help of certain documents. It is imperative to provide information about the lack of ownership of housing or the need to improve housing conditions.
Step 3
An example of a loan program that provides a subsidy to pay off a mortgage is a housing program for large families with three or more minor children. Social subsidies are provided for when a large family acquires an apartment or a house, a part of housing construction, as well as in cases where the family takes part in shared construction. There is also a certain limitation of living space, to pay for the cost of which it is possible to issue a subsidy.
Step 4
To apply for a mortgage subsidy, you need to collect documents according to a specific list. For each family, documents should be selected depending on the specific situation. Documents confirming the identity of family members applying for a subsidy, documents about the housing that is owned or that there is no housing in the property, additional certificates are required.
Step 5
Citizens seeking a subsidy should be patient. The whole procedure is carried out over a rather long period of time, government bodies in such cases are not particularly in a hurry. It takes a lot of time to get approvals in institutions and different authorities. But such payments can be achieved - those citizens who need state support to buy their own home have the right to receive such support and can provide the relevant documents. The subsidy is provided in a non-cash form, in an amount that is set individually, depending on the income of the family and its composition.
