Matkapital can be used to buy an apartment. This can be done with a direct deal, without a loan, when the second child turns three years old. With a mortgage, money can be transferred to the bank without this condition being met.
The creation of the maternity capital program was due to the desire of the state to help young parents solve issues related to improving the quality of life. Therefore, initially, the project provided for the opportunity to spend materkapital funds on the purchase of housing.
What rules should be followed?
State aid cannot be used in all cases. Requirements apply to both the housing itself and the paperwork. The apartment must:
- be comfortable;
- not be in an emergency house;
- suitable for year-round use;
- must be well and evenly heated.
At the same time, the legislator does not give an opportunity to buy only a share in an apartment. The exception is situations when a person is ready to buy out the remaining shares at his own expense.
Another rule concerns the time of use of the capital. It is possible to invest it in the purchase of housing in an apartment building only when the child turns three years old. Until this period, the scope of financial support is very limited.
How to buy an apartment on matkapital?
The procedure is pretty straightforward. Immediately, the entire package of documents can be submitted to the MFC or an agreement can be drawn up in Rosreestr with a mandatory visit to the FIU. In addition to the purchase and sale agreement itself, you will need:
- statement on the disposal of funds;
- certificate holder's passport;
- SNILS for parents and children;
- birth certificates of children;
- Marriage certificate;
- spouse's passport.
Copies of documents are sent to the FIU along with duplicate documents for the apartment itself. Experts recommend immediately registering real estate in the common ownership of parents and children. If this is not done immediately, a notarized statement will be required, which indicates that the owner undertakes to divide the premises into all family members in the first 6 months.
The specificity of transactions lies in the fact that the transfer of funds is mate. capital occurs only after the registration of the transaction in Rosreestr. In some situations, employees of the Pension Fund can check the purchased item. If during such an inspection it turns out that the property does not meet sanitary and technical standards, the issuance of funds will be refused.
Can I get a mortgage with maternity capital?
A young family has the right to use maternity capital as a down payment when buying an apartment or to use it to partially repay a loan. To protect the rights of families with children, the law states that all banks are required to accept funds from the mother capital to pay off obligations. You can send the amount for this purpose to a credit institution immediately, without waiting for the child's third birthday.
