The birth of a second child in a family often requires moving to a new house with larger living space. It can be purchased using a mortgage loan and taking advantage of financial assistance from the state.

We'll tell you how you could use maternity capital as a down payment on a mortgage in 2018, and what procedure you need to go through.

You will find out which banks offer loans for residential real estate using maternity capital, and under what conditions you can use maternity capital to pay for a mortgage.

Maternity capital is allocated to a Russian family that has a second child, according to the law from December 29, 2006 No. 256-FZ.

Maternity assistance is not issued in cash - from the Pension Fund of the Russian Federation, which acts as the manager of the funds, you can only receive a certificate for maternity capital. State aid was indexed annually and in 2017 reached the amount of 453 thousand rubles.

The above-mentioned law allows this money to be used for one or more of 4 purposes:

1. payment of fees for the child’s education;
2. social adaptation of disabled children;
3. the funded part of the mother's future pension;
4. improving the living conditions of children.

Changes made by law dated May 23, 2015 No. 131-FZ, allow families with two or more children to spend maternity capital as a down payment on a mortgage. Previously, only repayment of part of the debt on an already received mortgage loan with maternal capital was allowed.

Important: Cashing out maternity capital is illegal. A person planning to apply to a bank for a loan to purchase a home should notify the Pension Fund six months in advance, since the department plans to make payments only twice a year.

Both for the creditor bank and for the manager of the PF funds, the borrower will have to collect numerous documents to repay the mortgage with maternity capital.

Requirements for using maternity capital

To take out a mortgage with maternity capital payment, the borrower and his family must meet the following requirements:

• a stable income that allows you to make monthly payments, which is easy to document;
• as a rule, work experience of at least 6 months at the current place of work and at least one year of work experience over the past 5 years;
• positive credit history;
• availability of the full amount of maternity capital - if it is partially used, the remaining money cannot be used for the down payment;
• certificate for maternal capital “in hand”;
• lack of other housing in the family's possession.

Please note: in order to increase the amount of confirmed income, the person taking out a mortgage loan has the right to attract co-borrowers, regardless of the source of funds for the initial payment.

Documents for repaying a mortgage with maternal capital

Let's move on to documenting how you can count maternity capital into a mortgage. The documents that will be required to repay the mortgage with maternity capital and are used for transfer to the creditor bank and the Pension Fund of the Russian Federation consist of the following standard list:

• 1 or 2 identification documents;
• marriage certificate (in case the spouse of the owner of maternal capital receives a loan);
• documents proving solvency;
• certificate for maternal capital;
• a certificate from the Pension Fund of the Russian Federation about the maternity capital funds in the person’s account;
• documents about the acquired real estate (lists of papers differ depending on the type of acquisition - square meters in a new building, a secondary apartment, a private house, etc.).

Important: If a private house is purchased with a mortgage, a document for the plot is required, indicating that the land is allocated for individual housing construction. Attracting maternal capital when purchasing a summer house or other building that is not recognized as a residential premises is not allowed.

The exact list of documents should be clarified with a bank specialist. Moreover, any credit institution reserves the right to ask the client for additional papers.

You must submit to the RF Pension Fund branch:

• statement;
• passport;
• letter of confirmation of intention to spend maternity capital on the purchase of housing (must be obtained from the bank);
• marriage certificate (in the above case);
• papers on the acquired property.

Pension Fund specialists may also require additional paperwork.

The procedure for taking out a mortgage using capital

1. Obtaining a mortgage loan with maternity capital as an initial contribution begins with choosing a banking organization that offers such a loan program.
2. Having examined the documents identifying the client (identities of co-borrowers) and the composition of his family and confirming income, the credit institution approves the loan and gives the client a corresponding confirmation letter.
3. With this letter, you must immediately come to the Pension Fund office and submit an application.
4. Having received the written consent of the Pension Fund to use the capital, you need to go to the bank again. There the client signs a loan agreement and receives borrowed funds.
5. The borrower enters into a purchase and sale transaction or an equity participation agreement.
6. The borrower again goes to the Pension Fund and submits the documents specified above for maternity capital for a mortgage.
7. The fund pays the funds to the bank within three months.

Important: When receiving a mortgage loan, the client faces pitfalls related to the fact that the capital is not transferred to the lender at the time the loan is issued.

In order not to give a mortgage without a down payment, banks provide the borrower with two loans:

1. mortgage;
2. for the amount of the initial payment for a period of 3 months.

And until the mortgage is repaid with maternity capital transferred from the Pension Fund, the client is forced to service the second loan at his own expense.

The terms of this loan, including the main thing - the interest rate - should be found out directly from the banking organization.

Which banks accept mortgage payments with maternity capital?

The undoubted advantage of lending against maternity capital is that the interest on the mortgage is no higher than when paying the down payment with other funds.

The disadvantages include the fact that only a few credit institutions agree to accept maternity capital as a down payment. But among these few are the largest banks in Russia, including those represented in all regions and even regional centers, offering mortgages at low rates.

Sberbank

The country's largest lender allows the payment of the first mortgage installment with maternal capital both when purchasing finished housing and those under construction.

Sberbank offers mortgage loans with the following advantages:

• special conditions for “salary” clients;
• reduced rate for young families (during the promotion period);
• no commissions (for issuing a loan and others).

Please note: the bank recently introduced a new option - electronic transaction registration, which gives a 0.5% discount on the interest rate.

For a young family registering electronically, the mortgage rate for secondary housing will be only 10.25%.

The single base mortgage rate for an apartment in an accredited new building is 10.9%, with electronic registration – 10.4%.

The loan term is up to 30 years.

The minimum initial deposit is 20%.

VTB 24

A mortgage for maternity capital at VTB 24 is available when purchasing a home on the primary market or used housing.

Basic conditions:

• base rate – 10.9-11.25%;
• loan amount – 0.6-60 million rubles;
• term – up to 30 years;
• min. down payment – ​​10%;
• Comprehensive insurance (property, title, life and health of the borrower) is required.

The rate is reduced by 1% when purchasing an apartment with an area of ​​65 sq. m. m.

VTB Bank of Moscow

Another large organization from the VTB group provides mortgages with a down payment of 10%.

Please note: VTB Bank of Moscow requires you to contribute at least 5% of the cost of the purchased property with your own money.

Loan rate – from 10.4%. Duration – up to 25 years.

The lender attracts with a whole range of promotions and discounts on apartments in new buildings from partner developers, offering living space in “thousands of accredited new buildings.”

DeltaCredit

DeltaCredit provides loans against maternity capital for the purchase of:

• own separate home;
• apartments;
• rooms;
• shares in the apartment.

When paying with maternity capital, the initial contribution is reduced by 10% compared to the standard rules.

The bank practices a number of special programs that allow you to get a reduced interest rate.

The maximum mortgage term is 25 years.

UniCredit Bank

UniCredit Bank provides mortgages for up to 30 years with a down payment of at least 15% for both secondary housing and housing from a developer, and for individual construction of your own home.

The maximum loan amount depends on the size of the down payment and the region - Moscow and St. Petersburg or another.

The minimum interest rate is 10.9%.

Important nuances

A bank client taking out a mortgage loan against maternity capital has the right to expect an increase in the loan amount. The lender will add the amount of maternity capital to the amount calculated based on the confirmed average income. But if it is not enough for the down payment, you will have to either find additional funds or take an amount less than the maximum.

When comparing the conditions of banks, you should pay attention to promotions and special offers. Thus, the lender and the developer sometimes even offer to “double maternity capital.”

When registering a mortgaged home, the borrower is obliged to register all family members and persons equivalent to such as owners who own the property in equal shares.

When you first contact a bank office, you need to ask again whether the organization will agree to lend against capital for the purchase of exactly the type of real estate that the family plans to buy. For example, if you decide to purchase an apartment in a specific new building, clarify whether only “resales” or only accredited new buildings are financed for capital.

In our next article you will learn about the possibility of a mortgage with the help of the state with the lowest interest rate: the AHML program.

When a family becomes eligible for government support at the birth of a second child, the most difficult question for them is which bank can get a mortgage on favorable terms? Let's consider the rating of banks offering maternity capital as a down payment on a mortgage.

Considering the statistics of past years, the most popular area for using government assistance is “Improving housing conditions.” The state strictly regulates the conditions for the use of maternity capital. According to federal law, permission to use funds partially or in full can be considered by the Pension Fund 3 years after the birth of a child in the family. There is an exception to this rule: funds from mat capital can be used until the child’s third birthday as part of obligations associated with housing loans.

Considering the fact that the full amount of state support in the amount of 453,026 rubles in 2018 is not enough to purchase your own home, it remains to consider mortgage lending options. When applying for a home loan, banks make a mandatory requirement - payment of a down payment. Typically, this is 20% of the total loan amount. When drawing up a contract for the purchase of real estate for an amount not exceeding 2,265,000 rubles, the full amount of family capital is fully sufficient to pay the down payment.

Requirements for the borrower when applying for a mortgage

To use maternity capital as a down payment on a mortgage in 2018, the borrower must meet the standard requirements set by banks:

• Having a good credit history;
• Regular income (the monthly mortgage payment should not exceed 40-50% of your income);
• Duration of continuous work (6 months, in some banks – 3 years).

Banks working with maternity capital

Of the many credit institutions in the Russian Federation, only a few banks can be named that offer mortgage loan programs as part of the use of family capital. Let's consider financial institutions with the most profitable mortgage programs for mat capital in 2018:

• Sberbank of Russia;
• DeltaCredit Bank;
• UniCredit Bank;
• VTB 24;
• Russian Capital Bank.

The criteria for banks with maternity capital differ in the size of the down payment, the type of housing purchased, the interest rate, and the loan term.

Mortgage plus maternity capital in Sberbank

Sberbank offers to apply for a loan for residential real estate, using mat capital funds to pay the down payment. Potential borrowers can use one of the following programs:

• Purchase of finished housing;
• Purchase of housing under construction.

Loan for the purchase of finished housing

The program operates as part of a promotion for young families with a base interest rate of 8.7% per annum. Subject to electronic registration of property rights, the annual interest on the loan is reduced by 0.1%. These interest rates are relevant if you receive your salary on a Sberbank card, or if the property you have chosen was built with bank loan funds.

If the above requirements are not met, surcharges are provided:

• +0.5% if you are not a participant in the Sberbank salary project;
• +1% if you have not taken advantage of the life and health insurance program, according to the bank’s requirements.

Participants in the Young Family program can count on a 0.5% discount on the annual interest rate. A prerequisite is that one of the spouses must not be older than 35 years. Single parents under 35 years old can also take advantage of this discount.

The maximum loan term is 30 years. A down payment of 15% can be paid from maternity capital funds. You can submit your application online on the Domklik portal. When purchasing an apartment on DomClick.ru, you can save by receiving a 0.3% discount.

Sberbank offers a mortgage loan for the purchase of an apartment in a new building using maternity capital. The terms of the loan provide for a reduced interest rate - from 7.4% per annum. The interest rate on general terms is 11.5%. To lower it to 7.4% you need to:

• Purchase real estate from certain developers (the loan rate decreases from 1.5-2% depending on the loan term);
• Complete electronic transaction registration (-0.1%);
• Use life and health insurance services at Sberbank Insurance (-1%);
• Document your income (-0.4%);
• Receive your salary on a Sberbank card (-0.5%).

The discount from developers is valid only for a loan term of up to 12 years.

The terms of the “Purchase of housing under construction” campaign provide for the possibility of issuing a loan in two equal installments. The first part is issued after registration of the share participation agreement, the second - before signing the transfer deed.

The loan is issued for a period of up to 30 years. The maximum amount is 85% of the value of real estate purchased on credit or another object registered as collateral. The down payment (15%) can be paid with maternity capital.

Mortgage for maternity capital at DeltaCredit Bank

By purchasing real estate with a mortgage with the help of DeltaCredit Bank, you can count on the possibility of using mat capital as a down payment or early repayment of the obligation. The size of the down payment ranges from 10-40% of the total amount and depends directly on the type of property you choose. If the amount of maternity capital is not enough to repay the first installment, the borrower must contribute additional funds.

A potential borrower can choose real estate in both the primary and secondary markets. The choice of housing type is quite wide. It could be:

• Apartment – ​​down payment 15%;
• Share in the apartment – ​​10%;
• Room – from 10%;
• Country house – 40%.

DeltaCredit Bank does not advertise the interest rate on a mortgage, arguing that this factor in the loan agreement is considered on an individual basis. In this direction, a special program “Set your rate” was developed, the principle of which is to reduce the loan rate when you deposit an amount equal to a certain percentage of the total loan amount.

Thus, the mortgage rate on the loan is reduced by 0.5% when paying an amount equal to 1% of the total cost of the loan, by 1% when paying 2.5%, by 1.5% when paying 4.5%. Using the loan calculator on the bank’s official website, you can find out the base rate – 10.75%.

The frequency of mortgage repayment at DeltaCredit Bank is once every 14 days. This allows you to make 2 additional payments each year, which helps reduce the loan term.

Mortgage against maternity capital at UniCredit Bank

You can take out a mortgage from UniCredit Bank for a period of 1-30 years by paying a down payment of 20-50% depending on the type of residential property:

• 20% - when purchasing an apartment or apartment;
• 50% - when purchasing a residential or garden house, townhouse or cottage.

In this case, the amount of the down payment may be reduced by the amount of maternity capital. One of the main conditions of the bank when issuing a loan is the purchase of an apartment in residential buildings under construction or a plot of land with a residential building located on it from a certain list of objects.

The maximum loan size is 9,000,000 rubles. The interest rate is fixed, when making a down payment in the amount of 20% - 10.9%, in the amount of 50% - 12.25%.

The obligatory requirement of the lender is the location of the employer and the registration address of the participant in the transaction within the Russian Federation, with the exception of the Republic of Crimea and Sevastopol.

Maternity capital as a down payment on a mortgage at VTB24

VTB24 offers 3 options for using maternity capital:

• As a down payment on a mortgage;
• To repay the loan;
• Increasing the loan amount.

The interest rate on a mortgage loan at VTB24 depends on the loan term and the size of the down payment. The minimum rate is 11.9%, the maximum is 14.45%. The conditions for participation in the Mortgage + Maternity Capital program determine the minimum loan amount of 600,000 rubles. The down payment cannot be less than 10% of the cost of the apartment. The maximum loan term is 30 years.

VTB24 presents 2 loan products operating within the framework of the “Mortgage + Maternity Capital” program:

• New building;
• Secondary housing.

Mortgage for maternity capital at Russian Capital Bank

Young families who own maternity capital can take advantage of mortgage lending programs from Russian Capital Bank. The certificate can be used to reduce your down payment and increase the amount of your mortgage. The “Maternity Capital” option is compatible with the following mortgage programs:

• Purchase of finished housing;
• Purchase of housing under construction.

The interest rate on loans is variable and can be indexed depending on the value of the consumer price index for goods in the Russian Federation.

Purchase of finished housing

The program is aimed at purchasing an apartment in a residential building or townhouse on the primary or secondary market, including in a block-building building, on preferential terms. The interest rate varies from 9–11.1% per annum, depending on the amount of the down payment. The minimum down payment is 20%. The loan is issued for a period of 3–30 years for an amount of up to 20 million rubles.

Purchase of housing under construction

You can purchase housing under construction under the mortgage program of Russian Capital Bank only in properties accredited by AHML. Borrowers can purchase real estate in objects under construction by concluding an agreement for participation in shared construction.

• Annual interest on the loan – 9%;
• The minimum loan term is 3 years, the maximum is 30 years;
• Loan amount up to 20,000,000 rubles.

Conclusions: which bank to get a mortgage from?

Having compared the conditions for issuing mortgage loans from competing banks, we can confidently say that the program of Sberbank of Russia is the most profitable. This is confirmed by the lowest loan rate - 7.4% per annum and the fact that the amount of maternity capital is quite enough to be used as a down payment (15%) when purchasing real estate worth up to 3 million rubles.

How to get a mortgage with maternity capital?

What documents need to be submitted to the Pension Fund when applying for a mortgage for maternity capital?

To apply for a mortgage using maternity capital, you need to prepare 2 packages of documents: for the bank and for the pension fund.

Documents for the Pension Fund:

• Identity card of the certificate holder;
• Application of the established form for the transfer of money to the bank;
• Original family capital certificate;
• When drawing up a mortgage agreement for a spouse, you must present his passport and marriage registration certificate;
• A copy of the mortgage loan agreement;
• Notarized obligation on shared registration of ownership (no later than 6 months from the date of loan repayment);
• Technical documentation for the property, confirming its compliance with housing conditions.

Documents requested by the bank to obtain a mortgage loan for maternity capital

There is a standard package of documents required by banks to use maternity capital as a down payment on a home loan. This list may be supplemented due to the individual requirements of the credit institution.

• Photocopy and original of the capital certificate;
• Certificate on the amount of capital balance issued by the Russian Pension Fund;
• Certificate 2 personal income tax for 6 months;
• SNILS;
• Copies of the most recently submitted tax returns;
• Real estate purchase and sale agreement;
• Applicant's passport;
• A copy of documents establishing the right to the purchased housing;
• A copy of the cadastral passport.

How to get maternity capital?

Before contacting the bank with an application for a mortgage loan using maternity capital, you must obtain the appropriate certificate. It is issued by the Pension Fund of the Russian Federation upon provision of a mandatory package of documents:

• Birth certificate of the second child;
• Mother's passport;
• Application for obtaining a standard certificate;
• SNILS;
• Form 9.

The application is reviewed within one month, followed by the issuance of a certificate.

Requirements for the property

Maternity capital can be used to purchase residential real estate in strict accordance with the following conditions:

• The property must be located within the Russian Federation;
• Availability of necessary communications connections;
• Recognition of residential real estate as suitable for habitation;
• It is registered as shared ownership of the entire family, including children.

If the above conditions are not met, the Pension Fund may refuse to use mat capital funds.

The procedure for obtaining a mortgage loan using maternity capital as a down payment

Completing a transaction requires simultaneous interaction with two organizations: a bank and a pension fund. The first thing you should start with is submitting the necessary documents to the Pension Fund to obtain a certificate. As soon as the application is reviewed and you receive the relevant document, you can begin monitoring mortgage programs in various banks operating under state support.

The next stage is collecting the necessary package of documents to draw up a mortgage loan agreement. The agreement must stipulate the conditions for the use of maternity capital. Next, we contact the Pension Fund with an application to transfer money to the appropriate credit institution, submitting a complete list of documents for this purpose.

After the Pension Fund transfers the money to the bank, the transaction can be considered completed. All that remains is to pay the loan installments regularly. After full payment of the obligation, you can begin registering housing in Rosreestr as the shared ownership of each family member.

Important points

When applying to a pension fund with an application to transfer maternity capital funds to a credit institution, it is necessary to take into account the specifics of the service. The fact is that the accrual amounts are formed once every six months. For example, if you plan to take out a mortgage loan in the winter, submit an application to the Pension Fund in advance, in the summer.

To provide additional guarantees for the bank, the issuance of a mortgage loan involving mat capital is accompanied by mandatory insurance. You should also remember that the purchased property will be under the bank's encumbrance until the obligation is fully paid. Accordingly, subsequent transactions of sale or purchase are excluded.

To use the subsidy as a down payment on a mortgage, you need to get a certificate from the Pension Fund branch about the amount of remaining funds, apply for a loan, and with loan documents and a certificate for maternal capital, go to the Pension Fund branch to transfer the funds to the bank.

On May 23, 2015, Law No. 131-FZ came into force. It makes it possible to use maternity capital funds for a down payment on a mortgage before the child turns 3 years old.

To use family capital for a down payment on a mortgage, you need to go through the following steps:

• obtaining a certificate of funds balance from the Pension Fund;
• mortgage registration;
• applying to the Pension Fund with an application for disposal of family capital funds.

Obtaining a certificate for maternal capital

The package of documents required to obtain a certificate is submitted to the territorial body of the Pension Fund of Russia (hereinafter referred to as UPFR) at the place of residence (stay) or actual residence or at the MFC (). You can enter data on documents and write an application in your personal account on the State Services website. Required documents:

• birth certificate for each child (or adoption certificate);
• a document confirming the child’s Russian citizenship (certificate of registration at the place of residence (Form 8));
• mother's passport (or);
• The official representative must have a passport of a citizen of the Russian Federation and a notarized power of attorney confirming his authority.

Review lasts one month from the date of submission. Then you will receive a notification by mail that the certificate is ready, and you can pick it up.

Indexation of maternity capital has been discontinued until 2020. If it is renewed, the subsidy amount will change automatically; there is no need to change the form.

About the subsidy

Maternity capital is a benefit that cannot be obtained in real money. All payments are made only in cashless form.

Any schemes for cashing out maternity capital are fraudulent and fall under Article 159.2 of the Criminal Code of the Russian Federation, according to which the convicted person faces a fine of 120 thousand rubles or in the amount of the person’s earnings for one year. Either 360 hours of compulsory labor, or 1 year of correctional labor, or a suspended sentence of up to 2 years, or arrest for 4 months.

It was allowed legally from maternity capital. If such a payment has been made, the remaining funds can no longer be used as a down payment. Therefore, before submitting documents to the bank, you need to get a certificate from the UPFR stating that no money was issued from maternity capital.

In 2017, cash payments from maternity (family) capital are not made.

Bank selection

Most banks work with maternity capital, but not all accept subsidies as a down payment. Thanks to the fact that large credit organizations issue mortgages against capital, families will not have problems finding a lender.

Table 1. Brief comparative information for credit institutions

Bank's name	Interest rate	Special conditions
DeltaCredit	From 11.5%	Owners of matkapital have an initial payment of 5%. Possibility of reducing the interest rate by additionally depositing 1-4% of the loan amount.
	From 10.75%	With electronic registration as part of the Promotion for young families from 9.75%
	From 12%	The subsidy can only be used when the child turns 3 years old.
Rosselkhozbank	From 10.75%	Maternity capital must be at least 10% of the cost when purchasing housing on the secondary market and 20% on the primary market.
Bank of Moscow	From 10%	Maternity capital should be no more than 15% of the cost of housing. It is necessary to have own funds in the amount of 5% of the value of the property

If the bank where one of the borrowers receives a salary accepts maternity capital as a down payment, then it is better to apply there first to obtain a mortgage. In this case, the person is a salary client and can count on preferential lending conditions.

Collection of documents

So, the bank has been selected. Now you need to prepare the necessary papers. You can apply for a loan:

1. If the property has not been selected, and the loan amount is planned approximately (or the maximum possible taking into account family income).
2. If a property is selected and the loan amount is the cost of a specific home.

Author: . Higher legal education: North-Western branch of the Russian Academy of Justice (St. Petersburg) Work experience since 2010. Contract law, consulting on taxation and accounting, representation of interests in government agencies, banks, and notaries.
July 8, 2017.

According to which maternity capital can now be used to pay down payment on mortgage when buying or building housing. Previously, when applying for a housing loan or loan, maternity capital funds were allowed to be used only to repay the principal 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. To obtain a mortgage, you need to collect the necessary documents (the list of which may vary) and provide them to the credit institution. After concluding a credit agreement (loan), you must 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 (MSC).

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 with minor owners as collateral, then inevitable difficulties will arise with the subsequent sale 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 involving 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 the assessed value purchased housing. Often, in addition to the MSC, you need to deposit additional funds to pay it. 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 going to purchase a 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 be required (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 per primary, and on secondary real estate market.

The procedure for paying the down payment with maternity capital

The standard procedure for maternity capital to pay the down payment on a mortgage or loan is as follows:

1. 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).
2. Submitting the required documents to the bank for consideration of the application.
3. If the decision is positive, the property will be selected.
4. Providing documents on the property to the bank.
5. Signing loan documentation.
6. Registration of the right to housing in Rosreestr.
7. Obtaining a housing loan.
8. Contacting the Pension Fund with an application for disposal and the necessary documents.
9. 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:

1. Certificate for maternal capital.
2. 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.
3. If income and employment not confirmed:
   • Application from the borrower.
   • Additional identification document (passport, driver's license, military ID, etc.).
4. 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 of the financial condition and employment of the borrower (co-borrower) - a certificate in form 2-NDFL or a certificate in the form of a bank. 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.

Now mortgages with maternity capital are available in almost all credit institutions. To take advantage of this type of lending, you must first obtain the appropriate certificate from the Pension Fund. It is this document that gives the right to use government money under the “mat. capital". Most banks require a standard package of documentation when applying for a mortgage with maternity capital. But, sometimes a financial institution may request additional paperwork.

Use of maternity capital

One of the purposes of using maternity capital funds is to improve housing conditions. You can buy housing with this money only after the child turns three years old. The exception is:

• sending funds to pay off the mortgage;
• depositing this money as a down payment.

Under such conditions, there is no need to wait until the child is three years old. You can start the process of buying a home with a mortgage.

Depending on the credit institution, the period for reviewing an application for a mortgage with maternity capital can range from two days to one month.

Documents for registration

Standard package of documentation for registration:

• certificate and its photocopy;
• certificate 2 – personal income tax on income for the year;
• certificate from the Pension Fund about the balance in the MSC funds account;
• identification;
• certificates of income of other family members;
• real estate purchase agreement;
• documentation for the purchased housing;
• when part of the property is not immediately registered in the name of children, a notarized undertaking is required that the property will be re-registered within a month.

In addition to the standard package of documentation, a specialist from a credit institution may request additional papers.

Banks and conditions

Almost all banks now work with the “matkapital” program. We list the lending conditions in the most widely used credit institutions:

Bank	Bid	Documentation	Contribution	Loan terms	Maximum amount
Sberbank	8, 9 %	Standard	10% or mat. capital	1 -30 years
VTB 24	11 %	Additionally, you must bring a copy of the cadastral passport, certificate form No. 9 and a notarized real estate appraisal.	20% or mat. capital	1 – 30 years	30 million rub.
UniCredit	9, 5 – 13 %	Standard	20% or mat. capital	1 – 30 years
DeltaCredit	10 %	Standard	5% or mat. capital	1 – 25 years	30 million rub.
Bank of Moscow	12, 45 -13, 95 %	Standard	10% or materiel capital	50 years
Bank opening"	from 10%	Standard	30% or mat. capital	30 years
Nomos Bank	12, 25 – 13, 25 %	Standard package	10% or mat. capital	3 – 30 years	30 million rub.
Primsotsbank	15 – 16, 5 %	Standard package		2 – 6 months

All listed banks have their own official website. Using a special calculator, you can calculate the approximate mortgage payment before going to the bank. The bank interest on the loan depends on the program and the name of the credit institution. Therefore, before taking out a mortgage, it is recommended to conduct a thorough analysis of the offers.