Mortgage loan for maternity capital. All about whether it is possible to pay for my husband’s mortgage with maternity capital

11.08.2023

Do you think we should expect this or not?

The object of a purchase and sale agreement using maternity capital can be: finished apartment at primary or secondary market, and housing in a house under construction under contract equity participation. It is possible to use the funds when the child reaches 3 years of age, but if the housing is purchased under a mortgage agreement or the family already has a concluded housing loan agreement, then it can be repaid at any time from the moment the baby is born.

Note: money on a maternity certificate cannot be received in cash, this document gives only the right to direct finances to expenses established by law, one of which is the improvement living conditions family. The funds will be transferred by the Pension Fund structures after the execution of the purchase and sale agreement.

One of necessary conditions providing a mortgage loan against maternity capital is the integrity of the funds secured by the certificate. That is, if the family previously allocated part of the money for the child’s education, the bank may refuse the loan.

Banks, when lending to borrowers, require that down payment in the amount of 10 to 25% of the cost of the purchased housing was contributed by the buyers themselves. If borrowers decide to do it, they will have to go through additional lending. The point is that Pension fund can list cash, only after making sure that the purchase and sale agreement was concluded, passed state registration and the buyer received a certificate of ownership.

In such cases, banks offer to lend to the borrower for the amount of the down payment, setting interest at 10.50% equal to the key rate of the Central Bank in force today. As soon as the transaction is registered and the Pension Fund receives all evidence of its legality, the money for maternity capital will be sent to the credit institution.

Thus, the borrower will receive two loans, one for short term and covered through the Pension Fund with the money of the mother’s certificate and the second – the main one to repay the remaining amount to the seller of the real estate.

Deal stages

You will have to take several steps step by step to achieve the result:

choose a bank who has a program mortgage lending using maternity capital;
submit a preliminary application and apply necessary documents for the borrower: information about income in the form of a certificate from the place of work or a declaration of income, fill out a form, present a copy of the work record book or a certificate of registration as an entrepreneur;
We provide information about the purchased property : finished housing in a new house, under construction, an apartment on the secondary market or an individual house, its cost and information about the seller and supplemented with documents on ownership or other rights to property. The bank must approve the property, since it is the property that will ensure the repayment of the loan, being pledged. A number of banks can approve an application without providing information about real estate, which must be used within 1 to 3 months - this time is given to search for the desired real estate option;
upon approval of the application We present a complete package of documents for housing: a certificate of ownership (extract from Rosreestr from July 15, 2016), a certificate of absence of encumbrances and debts on public services, certificate of the seller’s family composition, consent of the guardianship authorities in the presence of minor children, technical and cadastral passports, etc.
We notify the Pension Fund branch of our desire to purchase real estate. Submit your application by in the prescribed form with documents for the apartment and bank approval attached;
the bank will evaluate the property with the involvement independent expert. The appraisal results influence the loan amount; it is the price determined by the appraiser that is fundamental for the bank, and not the one offered by the seller;
conclusion of a credit mortgage agreement. In it, the parties stipulate the terms of the loan, amount, interest rate, monthly payment schedule, possibility early repayment, including with the help of maternity capital. The composition of the property that will be pledged to the bank is indicated, and a mortgage is drawn up;
simultaneously with the loan agreement, a housing purchase and sale agreement is concluded. An apartment acceptance certificate is drawn up and the down payment is paid. The bank is provided with a receipt from the seller regarding its receipt or payment order about transferring money. Either the bank itself, lending the borrower the amount of the contribution, transfers it to the home owner;
paid state duty to the registration chamber represented by Rosreestr. The fee for concluding a mortgage agreement is 1000 rubles for individuals. Under a purchase and sale agreement, the state fee for registering the agreement is paid in the amount of 2,000 rubles, one thousand for each party if they are citizens and 22,000 rubles for legal entities;
documents are submitted to Rosreestr for registration. It is necessary to attach all the papers on the mortgage, purchase and sale, since two actions are registered: mortgage and transfer of ownership from the seller to the buyer;
the subject of the mortgage and the life and health of the borrower are insured. This is a mandatory requirement put forward by banks in order to preserve property, as well as in order to repay the debt from the insured amount in the event of the borrower’s loss of ability to work or his death. An agreement with the insurance company will need to be concluded annually until full settlement with the bank;
A registered purchase and sale agreement and a certificate of ownership of the owner of maternity capital are submitted to the Pension Fund. It is advisable to register the purchased housing in shares for the parents and the child.

The documents submitted at the last stage are the basis for the transfer of money by the Pension Fund from maternity capital funds to repay part of the loan to the bank. The condition of registering real estate for all family members and (or) children after using MK funds for the purchase of housing is mandatory and must be fulfilled on the basis of a notarized obligation. Otherwise, in six months or a year, the prosecutor, according to a message from the Pension Fund, will oblige the homeowner to do this through the court.

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The housing issue is an acute problem in our country. The era flourishes for several years economic crisis. Most young families are forced to rent an apartment, giving half their monthly salary to a stranger. In order to resolve problems with real estate, the state provided the opportunity using maternity capital as a down payment when applying for a mortgage.

Basic Concepts

At the end of May 2015, the president adopted Federal Law-131, according to which the opportunity arose.

For a young family the opportunity is provided:

Use fixed amount as a down payment when applying for a loan to purchase real estate.
Partially repay a previously taken out mortgage.

Requirements for a potential borrower

A loan for the purchase of real estate, in which the down payment is maternity capital, will be approved if the client meets certain requirements.

Requirements for the borrower	Peculiarities
Age	At the time of repayment of the entire debt, the borrower or co-borrower must not have reached the age of 65 years
Experience	There is a high probability of a positive result if more than 6 months have passed since official employment at the last enterprise. The total work experience must be more than 1 year
Income	Each bank has different requirements for monthly net profit. The minimum income for a family is 45,000 rubles
No debt obligations	It is necessary that the bank client has a positive credit history. People blacklisted are denied loans even with high salaries
Maximum amount	The client can purchase real estate on credit, the amount of which does not exceed 3,000,000 rubles. In Moscow and St. Petersburg this value is higher - up to 8,000,000 rubles
Maximum term	The total loan term should not exceed 30 years or 362 months

Co-borrower – individual, acting as a guarantor. If the main payer fails to pay the debt, all obligations are transferred to him.

Any family member or other person who has reached the age of 25 years old.

Step-by-step instructions for purchasing real estate

The procedure for obtaining a mortgage loan is divided into several main steps:

, confirming the right to use funds. Issued by the MFC, pension fund, department social protection population or in the city administration at the place of official residence. This requires:
1. Submit an application by providing a list of required documents (passports and birth certificates of all family members, an application drawn up in the organization)
2. Wait for the application to be reviewed. Maximum period – 31 calendar days.
3. Receive a personalized certificate.
Applying for a mortgage.
Waiting for a decision. The review period is from 1 day to 1 month.
If the answer is positive, the next step will be to search for housing and draw up a purchase and sale agreement.
Writing an application for transfer of funds state support to the bank account of a banking organization. This step is performed in the same place where the certificate was received. To make a transfer you must provide:
1. Passport of the child's legal representative.
2. Agreement for the purchase and sale of the selected real estate.
3. A certificate confirming the right to his property.
4. Personalized certificate.

All transactions related to the use of maternity capital funds are carried out only by non-cash method. Their transfer in the form of cash is not possible.

Documents to be provided to the bank

If the applicant has decided that he wants to buy the property through mortgage lending, then he needs to provide the banking organization with a considerable list of documents:

Documents that prove the identity of the applicant and his co-borrower. Required condition for all banks – having a Russian citizen passport. Some organizations require additional information driver's license, TIN or international passport.
SNILS all family members, including those who have not reached the age of majority.
Certificate, confirming that the applicant has the right to use maternity capital funds.
Documents confirming official income. Almost everything banking organizations request a certificate in form 2NDFL for last year work. When applying for mortgage lending, the total average clean wages borrower and co-borrower.
Documents confirming ownership any immovable or movable object.
Statement about the intention of the legal representative to allocate shared ownership for every child.

If the personal certificate was lost before the lending, its owner has the right to issue a duplicate.

Comparative analysis of bank proposals in 2018

Name of banking organization	Interest rate (%)	Features of lending
Sberbank	From 10.9 to 13	The maximum loan term is up to 30 years. The bank has a condition - the larger the down payment, the less interest rate on mortgage
VTB24	From 11.9 to 14.4	The maximum loan term is up to 50 years. Minimum amount lending – 900,000 rubles. Bank in mandatory requests a down payment of 10% of total cost object, regardless of the presence of maternity capital
Promsvyazbank	From 9.5 to 13.5	The maximum loan amount is 15,000,000 rubles. Minimum term– 36 months. The maximum period is 300 months. This financial corporation provides the opportunity to obtain a loan without a down payment
Rosselkhozbank	From 9.05	The maximum loan amount is 20,000,000 rubles. The maximum term is up to 30 years. It is possible to obtain a loan using two documents
UniCredit	From 10.4	The maximum loan amount is 9,000,000 rubles. The maximum term is 25 years. A prerequisite is the presence of a down payment - 20% of the total cost of the property

The interest rate may vary depending on:

Loan programs.
Loan term.
Down payment amounts.
Type of object.

It is worth considering that for some categories of citizens mortgages are provided at favorable conditions: military, teachers, young families.

About insurance

Giving money to purchase real estate is a huge risk for any financial organization. For this reason insurance is an integral part when applying for a loan.

Insurance is required for the following purposes:

If the borrower suffers a serious injury or loses his job, the insurance company will reimburse a certain amount for him from the bank.
If the borrower dies, the apartment will not become the property of the bank, but will go to the co-borrower or will be inherited by a relative.

Insurance is about ensuring reliability and confidence, both for the bank and for the applicant himself.

Many banks offer this type of service optional, but having insurance can significantly increase your chances of acquiring a loan.

Insurance is paid as follows:

It is included in the principal amount. IN in full paid in the first year. After its repayment, the bank client will pay the remaining amount borrowed for the purchase of real estate.
It is included in the principal amount. Paid by increasing the monthly payment amount.
The client purchases insurance at the expense of own funds.
The client refuses to purchase insurance.

In some organizations, no interest rate is charged on the amount of insurance payment.

Possible nuances

The Pension Fund plans all expenses in advance. If you plan to use government financial support as a down payment, you must notify him of your intentions no later than six months before the transaction.
To obtain a loan, you can only use maternity capital in full. Partial deposits are strictly prohibited. If the certificate owner has already spent the funds for other purposes, then it will not be possible to use them for this transaction.
If maternity capital is involved in the process of acquiring real estate, then it cannot be intended for one person. The residential property is registered in the name of all family members in equal shares.
After a successful transaction, the purchased the property will be encumbered. This means that any manipulations with it (exchange, sale, division into shares) will only be possible with the permission of the bank.
If the object is secured by the bank, then It is not possible for a minor to register there. In the event of bankruptcy of the borrower of the financial institution, it will be much more difficult to regain its rights to the property.
Employees of the Pension Fund have the right to refuse a client to transfer funds to a bank account if he has compelling reasons for this. He, in turn, can appeal the decision.
The minimum down payment in almost all banks is 10%. If the amount of maternity capital does not cover this amount, then you will have to pay the difference yourself.

Important points

It's cheaper to buy an apartment when shared construction . Amount for one square meter will be noticeably lower than in an already built house. The owner will have the opportunity to live in a new building with good repairs, installed double-glazed windows and new pipes. There are risks in this transaction. For example, the construction of a building may be stopped or the residential property will not meet the specified parameters.

By law, the borrower can refuse to purchase insurance. After such a decision, the client’s chances of a positive decision will noticeably decrease. Without this service, issuing a large amount for a financial institution is a big risk. The consumer also cannot be absolutely sure that he will always have the opportunity to make a payment.

Not all banks are ready to accept maternity capital as a down payment. Many organizations require the consumer to make a down payment of a specified amount. The process of obtaining a mortgage in this case will last significantly longer (from 1 month to six months).

"Black List"

The most common reason for refusal of any loan is a bad credit history. If the consumer’s karma is already damaged, then to receive a positive decision he needs:

Fix this bug. Fully cover your debt obligations and try to negotiate with the bank representative about removal from the blacklist.
Try to get a loan from a small commercial organization. Many of them do not sign a contract to receive this information, since any client is important to them. It is worth considering that in similar organizations lending conditions are noticeably worse than those of government organizations.
Use a mortgage broker or financial advisor.
Purchase real estate in installments from the developer.

Applying for a loan to purchase a home using maternity capital is the most popular type of transaction. Thanks to him, many families were able to acquire their own corner.

Do you think we should expect this or not?

The mother's certificate became in the most effective way ease the mortgage burden for families with children. Such effective assistance from the state has been coming since 2007 and for 2018 the amount of maternity capital is 453,026 rubles.

This amount, according to the law, can be spent on improving housing conditions (including a mortgage), on the child’s education, the social adaptation of a disabled child and on the mother’s pension. The purpose of this article is to discuss the issue of using maternity capital for a down payment on a mortgage.

You can spend maternity capital on a down payment on a mortgage, even if the child is under 3 years old

On May 23, 2015, President of the Russian Federation V.V. Putin signed Federal Law No. 131-FZ “On Amendments to Articles 7 and 10 Federal Law“On additional measures of state support for families with children”, which from the moment of its signing it is allowed to spend maternity capital on a down payment on a mortgage . Let us remind you that previously it was allowed to use capital for a down payment only when the child turned 3 years old. This information is also available on the website of the Russian Pension Fund.

Before going to the bank and starting the mortgage procedure, spouses should remember a few important points:

First you need to have a certificate in hand, and only then apply for a mortgage;
Meet the basic requirements regarding the amount of income sufficient to service the mortgage. At the same time, even when using maternity capital, it is not forbidden to attract co-borrowers.
It is prohibited to use maternity capital when purchasing real estate on land whose status is not individual housing construction.

How much mortgage loan should a family expect, taking into account the right to use maternal capital? The bank calculates possible loan, taking into account the joint income of the spouses (as well as co-borrowers, if necessary), and then adding the amount of maternity capital to this amount. In addition, when paying with capital in the first installment, its amount is reduced by the amount of maternity capital.

Example: a family, based on income, has the opportunity to get a mortgage loan in the amount of 2 million rubles, in addition, 30% will be the down payment, i.e. 600 thousand rubles. Thus, the bank will be able to give a loan in the amount of 2 million + 453 thousand = 2.453 million rubles, and the client needs to make 600 – 453 = 147 thousand as a down payment. rubles It turns out that maternity capital increases the possible loan amount, and at the same time it pays the down payment.

What kind of apartment can I buy? There are no restrictions at the legislative level. You can purchase an apartment both on the secondary market and in a new building. In the latter case, the bank may require a share participation agreement.

How it works in practice

You need to choose a bank that issues a mortgage using maternity capital. He should be provided with a set of necessary certificates, such as: identification documents; income certificates; maternity capital certificate; documents on family composition. In the case where the mortgage is issued to the husband - a marriage certificate.
After reviewing all the certificates and calculating the possible loan amount, the bank issues the client a confirmation letter, which is valid for 6 months. At the same time as going to the bank, you can immediately contact the Pension Fund with an application to transfer maternity capital towards a future mortgage.
After the Pension Fund confirms its consent to the use of maternity capital in the form of another application, the client goes to the bank with it again.
After completing the purchase and sale transaction, the client again goes to the Pension Fund, this time with an application for the transfer of maternity capital funds, now providing full list documents, such as: loan and mortgage agreements, a certificate of ownership, a written certified obligation to allocate shares in it to all family members, including children, within 6 months from the date of removal of the encumbrance on the housing.

It is worth noting the following point.

In order to be able to use maternity capital, the bank will require from the client documents on the ownership of the acquired property, i.e. those documents that are in hand after purchase and sale transactions. And at the same time, in order to complete the transaction, the client needs a bank mortgage loan.

It turns out vicious circle? Banks use the following technique for this - they issue the client 2 loans at once, one of them is standard, for most of the apartment being purchased, and the second is for the initial loan. Therefore, until the pension fund transfers maternity capital funds to the bank’s current account (usually within 3 months), you will have to pay off the second loan from your own resources. At what rates and conditions is the second one issued? short term loan against future repayment with maternal capital - all this must be clarified directly with the bank itself. You should also remember that the Pension Fund of the Russian Federation may refuse to transfer funds to a bank account. These cases are rare, and are more often associated with the inattention of the applicant or inaccuracy of certificates.

Therefore, you should calculate your strength in advance as soon as the bank approves the loan, because assistance from maternity capital may “take longer” over time.

As you can see, you will have to run around a lot and collect a lot of paperwork, but your own housing and assistance in the amount of 453 thousand rubles are worth it. With the change in legislation, it is hoped that many more families will take advantage state aid in the form of maternity capital, including to repay the down payment on the mortgage.

Which banks accept maternity capital for down payment?

In fact, banks don’t care whether you use maternity capital or not. After all, the state pays for it. The only catch may be that the time frame increases greatly when a certificate is used. Therefore, not all banks are ready to cooperate with such clients to obtain mortgage loans. Here is a list of some banks where you can use maternity capital to pay the down payment on a mortgage:

Sberbank;
VTB24;
UniCredit Bank;
VTB Bank of Moscow;
DeltaCredit;
and several smaller banks.

500 Reading time: 5 min.

A bank mortgage for housing registered with maternity capital is an opportunity to economically purchase a house or apartment for a family with two or more children. Such a scheme can be initiated by certificate holders for family capital. But there are some banks that have developed entire programs for providing mortgage loans against swearing. capital for such families. In this article, we figured out where it is most profitable to take out a mortgage for a home and how to apply for it.

How does the scheme for obtaining a mortgage on real estate with a mat work? capital

Mortgage is a type of collateral, where such is the property purchased on borrowed funds. In cases of violation of the terms of the agreement by the recipient, the creditor has the right to satisfy his demands for repayment of the debt through the sale of the collateral. According to the Law “On Mortgage Lending” No. 102-FZ dated July 16, 1998, the object of collateral can be not only living space, but also a plot of land.

Mortgage loan – is always issued by a bank, and real estate will be used as collateral, and not any property.

In this case, housing under encumbrance is always for financial institution will be a guarantee that the borrowed money will be returned by the client in any case.

Maternity capital – type of additional state financial assistance families in Russia where the second and subsequent children were born.

The program began operating on January 1, 2007. Children born before and after this date are taken into account. Maternity capital is not issued when concluding agreements for the purchase of a share of housing. The living space should be sufficient for all family members.

The scheme is like this:

The borrower requests a mortgage loan amount secured by real estate.
Receives approval from the bank.
The lender takes ownership of the property until the borrower's obligations are fully fulfilled.
After all debts to the financier are fully repaid, the lien is removed and ownership rights are transferred to the former borrower.
The purchase and sale agreement is registered in the Rosreestr of Real Estate (USRN). The transaction is considered completed only when the mortgage obligations are repaid, the ownership has transferred to the payer, and he has received an extract from the Register about this.

In the summer of 2018, out of 276 families, 188 already receive subsidies from the federal treasury. The benefit amount is indexed in cases where inflationary movements are detected in the economic market. As of November 2018, its size is within – 453 026 ruble

Basic legislative conditions for the use of capital

When a home is purchased using maternity capital, the conditions in 2019 must be met, taking into account following features state programs support:

State parameter programs	Features of the conditions	Confirmation Law No. 256-FZ of December 29, 2006.
The point at which capital amounts can be used.	The standard time frame for unlocking the amount in the family capital certificate account is after 3 years from the date of birth of the baby.	Part 2 Article 7
Is it possible to receive money earlier?	It is allowed to apply the capital amount when the child is under 3 years of age.	Clause 6.1 Part 6 Article 7
Who is eligible to receive a certificate? capital	- mothers of a second child who gave birth before January 2007; - mother of the third (and subsequent) child born after January 2007; - mothers, fathers - adoptive parents.	Part 1 Article 3

The procedure for registering a real estate mortgage

If you plan to use maternity capital for a housing mortgage, the question arises about when these amounts can be used if a house is being built or an apartment is purchased through a developer. Here you can apply the subsidy as an advance payment to pay off the cost of the property. To complete the transaction, you should contact the bank where you liked the terms of mortgage lending. To obtain a certificate, apply to the Pension Fund (Russian Pension Fund) or MFC (Multifunctional Center).

The main stages of concluding a transaction in a bank

Submitting an application and accompanying documents.
Getting approval.
Submitting an application to the Pension Fund with a request to allow the amount to be applied state benefit to pay off mortgage obligations.
Payment of advance payment capital (or other use).

A package of mortgage papers with mat. captal

For the bank:

application form;
personal documents – Russian passport;
papers confirming the client's solvency - certificate form No. 2-NDFL, etc.;
documentation from the guarantor (if his presence is required banking program) – passport, proof of financial solvency;
technical and legal documentation for real estate;
state benefit certificate;
home inspection report;
consent from the guardianship authorities to further register the residential premises (or its share) as the property of a minor child;
mortgage loan insurance agreement.

For the Pension Fund of Russia (when a secondary home is purchased using a mortgage using maternity capital):

application in the form of the Pension Fund of Russia;
passport of the beneficiary (or his authorized person);
certificate, or its unique number and series (if the spouse of the current owner applies);
power of attorney for the representative of the certificate owner, executed through a notary;
marriage certificate;
birth certificate of a child who is being supported by the state. capital;
mortgage agreement;
agreement on the purchase and sale of the property;
extract from the Unified State Register of Ownership real estate to the seller;
consent from the spouse or other co-owner, if any.

At the same time, it is advisable to contact the bank for those who have a good credit history, no other loans, or financial obligations. This will allow the financier to be more confident in the reliability of the solvency of the potential borrower.

Options for using family capital to purchase housing with a mortgage

When declaring mortgage terms In the content of the agreement, the bank must stipulate that part of the debt will be repaid with amounts of maternity capital. This money is allowed by law to be used in the following cases:

improvement of veins conditions for the child to live in the family;
buying a home.

Not every property can be purchased with a mortgage. You need to know which housing can be purchased with a mortgage loan using maternity capital, and which cannot.

For example, small apartments and houses are not suitable. It is also not allowed to take out a mortgage on residential premises in a dilapidated building.

Based on the rules approved by Government Decree No. 862 of December 12, 2007. (edited 05/31/18), the subsidy can be spent on:

purchase of land for the development of a residential building;
carrying out overhaul, reconstruction of a residential property;
purchasing a private home on the primary or secondary real estate market;
buying an apartment in a new building or on the market secondary housing.

Maternity capital can play a significant role in a mortgage. With this amount you can pay off:

part of the principal debt;
interest;
mandatory first payment.

It is not possible with state amounts. support repay:

fine;
penalty;
bank commission.

For example, let’s consider the procedure for purchasing housing with a mortgage using maternity capital when it is just being built on the land:

First, you need to submit an application to the bank to purchase a plot of land with a mortgage.
The bank will check the parameters of the object for compliance with all requirements.
After the application is satisfied, a mortgage agreement is concluded, which specifies the procedure, how and when the mat will be applied. capital.
Then, in the architecture of the local administration where the land is located, you need to obtain permission to build a residential building.
A deal is concluded with the contractor.
The Pension Fund and the bank are provided with a construction permit and a copy of the contract.
An application for the use of the subsidy is submitted to the Pension Fund.
For several months, the amount of mat. capital is transferred to the loan bank account under the mortgage agreement.
After paying off all monetary obligations before the bank, the borrower is given full ownership of the built house. This must be confirmed by an extract from the Unified State Register. To receive it, you need to remove the object from the collateral encumbrance under the mortgage agreement, accept it for operation, and then register it with RosReestr.

It is also extremely important to indicate in the mortgage contract that the borrower will be required to report to the bank where the funds were spent. Usually, the deadlines are even specified, within how many days after receiving the loan, confirmation must be provided. Usually set for 15 or 30 days.

Such reports are also provided to the Pension Fund. This is one of the main conditions that must be met because the mate. capital is legally used exclusively for specified purposes. Whereas a mortgage is also a targeted loan.

Important things to note

Nuances that the borrower can use to his advantage:

According to the law, you can thus buy not only finished housing, but also housing under construction. This means that the acquisition of a plot of land with a mortgage can be carried out solely for the purpose of building a residential building on it for a family.
Full repayment of the debt to the bank also means payment of all fines, penalties (if any), interest and commissions.
It is not possible to purchase real estate from a close relative. These include spouse, parents, brother, sister, grandmother, grandfather.
All purchase receipts building materials for the construction of a residential building, must be carefully collected, copied and submitted in the form of reports to the Pension Fund and the bank.

Despite the postulates of the legislation regarding the state program to support families with children, in practice, a mortgage loan is most often issued for the purchase of apartments. Banks, for their own reasons, are reluctant to agree to issue money if a potential borrower wants to purchase land or a private house with maternity capital.

According to which maternity capital can now be used to pay down payment on mortgage when buying or building housing. Earlier at checkout home loan or a loan, maternity capital funds were allowed to be used only to repay the principal debt and interest.

Since the maternity capital certificate is not considered a reliable confirmation of the applicant’s solvency, many banks provide additional provision of their own funds. For a mortgage, you need to collect the necessary documents (the list of which may vary) and provide them credit organization. After conclusion loan agreement(loan) it is necessary to submit an application for disposal to the Pension Fund (PFR). Sometimes before contacting the bank you need to get a certificate from the Pension Fund about the balance of unspent funds certificate for maternal (family) capital (MSK).

Terms of use of mat capital as a down payment on a mortgage

Although the law allows it to be used to pay a down payment (PD) on a mortgage, in practice banks may refuse to issue such a loan or loan. The fact is that a borrower who provides MSC funds as a down payment may be considered insolvent.

The bank may have other difficulties, for example:

If the bank has an apartment as collateral with minor owners, then inevitable difficulties will arise with the subsequent implementation of such housing.
A mandatory condition for using the funds from the MSK certificate to improve housing conditions is the registration of housing purchased or built for maternal capital in common shared property of all family members. That is, a transaction with the purchase of housing for maternal capital can be challenged by any interested party (guardianship and trusteeship authorities, the prosecutor's office, children of the owners) if the owner has not fulfilled the obligation to allocate shares to the spouse and children.

However, every year more and more banks accept maternity capital as a down payment on a mortgage, and special advantageous offers are developed for clients.

It is necessary to understand that the down payment cannot be less 10% of estimated value purchased housing. Often in order to pay for it, in addition to the MSC, you need to pay additional funds. Many banks issue a mortgage upon deposit 15% of the cost of housing at the expense of capital and are additionally required to provide at least 5% own cash.

For example, if the borrower is planning to purchase one-room apartment worth 3 million rubles, then a certificate in the amount of 453,026 rubles will only be enough to pay 15%; an additional 150,000 rubles will need to be provided (the remaining 5%).

The size of the contribution from the borrower’s personal savings often depends on what document was used to confirm solvency. If you confirm your income 2NDFL certificate, then depositing your own funds may not be required. When income is confirmed bank certificate, most likely the borrower will need to make an additional payment 10% own funds(from the cost of the apartment).

To use maternity capital to pay the down payment on a mortgage, you do not need to wait until your second or subsequent child is three years old; this can be done immediately after receiving the certificate. Housing may be purchased as primary, and on secondary real estate market.

The procedure for paying the down payment with maternity capital

Standard procedure for maternity capital to pay the down payment mortgage loan or the loan looks like this:

Receipt from the Pension Fund certificate of the balance of unused maternity capital funds(it is not always necessary to apply for a certificate before submitting an application to the bank; the document can be provided within 90 days after approval of the loan application).
Submitting the required documents to the bank for consideration of the application.
If the decision is positive, the property will be selected.
Providing documents on the property to the bank.
Signing loan documentation.
Registration of the right to housing in Rosreestr.
Obtaining a housing loan.
Contacting the Pension Fund with an application for disposal and the necessary documents.
Transfer of maternity capital funds to the bank within a period not exceeding a month and 10 working days from the date of registration of the application.

The list of required documents may vary depending on the banks, the general list looks like this:

Certificate for maternal capital.
A certificate from the Pension Fund about the balance of unused funds in the certificate is valid for 30 days from the date of issue.
If income and employment not confirmed:
- Application from the borrower.
- Additional identification document (passport, driver's license, military ID, etc.).
Upon confirmation of income and employment:
- Application from the borrower (co-borrower)
- Passport with registration mark.
- For temporary registration - confirmation of registration at the place of stay.
- Confirmation financial condition and employment of the borrower (co-borrower) - a certificate in form 2-NDFL or a certificate in the bank’s form. The document is valid for a month from the date of issue.
- When registering a pledge on another property, provide documents on the pledge.

Documents on the loaned property can be provided within 90 days from the moment the bank makes a positive decision to issue a loan.

The following documents must be provided to the Pension Fund:

Application for disposal of maternal capital.
MSK certificate.
Passport and SNILS of the applicant.
A copy of the agreement (credit or loan) for the purchase or construction of housing.
A copy of the mortgage agreement that has passed state registration.