Developed by the State Agency for Housing Mortgage Lending and Federal State Institution Rosvoenipoteka, the program is aimed at providing military personnel with housing through a mortgage loan. Already after three years of service, you can apply for initial funds.
Instructions
Step 1
A loan can be obtained by persons who graduated from a military university and received an officer's rank, or those who signed a contract on military service.
Step 2
To get started, open a bank account, write a report and become a member of the NIS - the savings and mortgage system. After you receive a certificate indicating your participation in the mortgage lending mechanism, the first amount of money will be credited to the account, the amount of which is determined by the Ministry of Defense. It should be noted that this figure is growing every year, and now the government of the Russian Federation provides for its increase by 30% in 2012 with further growth in 2013 and 2014. This means that the chances of acquiring exactly the desired apartment or house are increasing.
Step 3
If the money provided is still not enough to buy the home you want, add your personal funds. However, it is quite possible that the amount provided is still enough to purchase a decent object - the maximum is about 2 million rubles, but the specific amount is determined separately for each case. The main advantage of the system is that the debt will be repaid not by an individual, but by the state represented by the Ministry of Defense.
Step 4
Choose housing in any area convenient for you - the program does not impose restrictions on the form of residence and place of service, registration, any special characteristics of an apartment or house. You can choose exactly what suits you and what you have enough money for.
Step 5
Funds will be credited to the account within 20 years. Please note that if you quit early, you will have to pay off the remaining loan yourself. However, this does not apply to exceptional cases when dismissal occurs due to health conditions, significant family circumstances, as well as due to length of service.
Step 6
In order to warn yourself against possible debts, which you will not be able to pay, objectively calculate in advance your ability to repay the loan if you suddenly have to leave the service and the reason for dismissal will not apply to exceptional cases.
