Large families belong to the unprotected category of Russians. Therefore, the state meets them on many issues - this concerns the payment of housing and communal services, reimbursement of rent, land plots are provided, but in the field of mortgages everything is somewhat different. In 2016, the State Duma failed to adopt a targeted law that would regulate this issue. Therefore, parents with many children are forced to get out of the situation on their own, turning to various organizations, including Sberbank. Mortgages for large families at Sberbank, benefits and state support in 2019 will include several programs, including mortgages at 6% for the second and third child.
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Conditions for issuing mortgages to large families in Sberbank in 2019
At the moment, Sberbank offers a mortgage program to large families at an interest rate (with a discount from the developer) from 7.4% . At the same time, in order to receive a developer's discount, the loan term must be up to 7 years.
General mortgage conditions for large families with a loan term of 12 years (without discount)
- The minimum mortgage amount should not be less than 300 thousand rubles;
- term - up to 30 years;
- rate from 9.5%;
- down payment - not less than 15%.
Additional benefits and more favorable conditions
The only significant additional benefit may be the payment of a down payment or part of it with the help of maternity capital. It is important to know: the law allows you to pay mortgage interest with the specified money, but the requirements of Sberbank state that they can only be spent on a contribution. In addition, it is permissible to obtain a mortgage only for housing under construction or new, that is, secondary housing cannot be the subject of a transaction.
Help for young families under the Young Family program 2019
Now the Young Family program can provide assistance to large families, but it is relevant only if the parents are under 35 years old. This benefit enables Russians to receive compensation from the state in the amount of a third of the cost of housing (30%). To clarify the amount of compensation, you need to contact the local authorities, indicating individual conditions.
Nevertheless, due to insufficient funding, those wishing to take advantage of such assistance have been waiting for their turn for years. In view of the foregoing, parents with many children are forced to buy housing for credit money on a common basis.
New law on mortgages for the second and third child from 2019
At the end of 2017, Russian President Vladimir Putin signed a decree on the launch of a program to support mortgage lending for the second and third child, you can read about this in detail in the article “Mortgage for 2 and 3 children at 6% in 2019”.
That is, according to this program, benefits in the form of compensation for part of the cost, a reduced interest rate can now be calculated not only by large families, but also by parents with two children.
Mortgage registration
Even if there are any benefits in Sberbank, as in any other bank, the solvency of parents with many children is checked on a general basis.
Required documents and certificates for obtaining a mortgage
To apply for a mortgage, large (young) families should prepare the following documents in advance:
- Passports.
- Information about the composition of the family.
- Certificates confirming that the parents have many children. These documents are issued by the municipal authorities.
- Certificate 2-NDFL, indicating the presence of a stable income and its size. If there is additional income, then certificates or other documents (for example, lease agreements) confirming this fact should also be provided.
- Copies of work books, which show that the parents are employed and they have at least six months of experience at their last job.
- A certificate confirming that a large family has its own funds for a down payment.
Each parent must provide these documents, since one of them will be a borrower (whose income is higher), the second will be a co-borrower. If the salary does not allow parents to buy housing on a mortgage, then parents can provide Sberbank with additional co-borrowers, which may be next of kin. But it should be remembered that each co-borrower has the right to claim a share in the acquired property.
Documents for housing
When interested parties decide on their future housing, it is necessary to collect the necessary documents and bring them to Sberbank, more precisely, to the same branch where the mortgage was issued.
The bank requires the following documents:
- Contract of sale. In addition to it, any paper confirming the transfer, alienation of property rights can be accepted.
- Evidence confirming the ownership of the seller.
- Extract from Rosreestr.
- Written consent from the seller's spouse to sell the property.
After making a purchase, parents with many children must insure housing, a copy of the policy is also transferred to representatives of Sberbank.
What to do after getting a mortgage
When the collected portfolio of documents is transferred to representatives of Sberbank, you just have to wait for the bank's decision. If it is positive, the bank employee will call back and acquaint him with it. After that, parents can start looking for housing, which should be found within three months - this is the time the Sberbank offer will be valid. If citizens with many children do not invest within the specified period, then they will have to start registration again, which is costly and inconvenient.
An initial fee
Related expenses for mortgage lending at Sberbank:
- The initial payment, which is made at the expense of the borrower. In addition, you will have to provide a document confirming the availability of such money or place it in Sberbank.
- Real estate appraisal - it is carried out without fail, and by an accredited appraiser.
If you plan to use maternity capital to pay the down payment, then you should provide the lender's specialists with a certificate confirming the right to such a benefit. Also, it is necessary to transfer to the bank managers a certificate, any other document indicating the presence of money in the account. Every citizen who has the right to dispose of maternity capital can receive such a paper, it must be submitted within three months from the date of approval of the mortgage by the bank. Usually, the filing is carried out along with the documents for housing.
Online mortgage calculator
Mortgage for large families in Sberbank, benefits and state support in 2019 has its own online calculator on the bank's page