Social mortgage

Primarily social mortgage can use the waiting — people deemed to be in need of improvement of housing conditions, and standing in the queue for this improvement. But social mortgage may also apply to categories such as youth, workers of the budget sphere, the military, young families, etc.

There are several options social mortgage :

• Interest rate subsidies on mortgage loans;
• Providing subsidies for part of the value of mortgage housing;
• Sale of public housing loans with the discount.

Which of the options social mortgage applied in a region depends on the initiative of local authorities. For specific information on social mortgage in the city or area should contact the authorities responsible for housing policy the city (district). They should give advice on social conditions of the mortgage, to hold preliminary calculations required for the initial contribution, size and term of the loan, largest monthly payments on mortgage loans and a minimum income of the borrower (his family).

Addition to requirements for party social mortgage , which make the authorities, there are still demands the mortgage bank, which cooperates with the authorities on a programme of social mortgage and, indeed, issues mortgages. Requirements for the borrower from the mortgage bank may relate to his nationality and residence, duration of working experience, etc. The requirement of mandatory mortgage insurance at their own expense do the same remains in force for the social mortgage.

Social mortgage for young people

As option for solving the housing problem for young people reborn practice of student construction brigades. Fighters such orders, spent 150 shifts, get right with the help of a mortgage to buy an apartment at cost.

Stroyotryady operate while in two areas — Sverdlovsk and Voronezh. This program provides an opportunity to buy housing at a price of 3 times less than market value. And besides, mortgage loan to the project participants are issued under the grace percent.

Shortly stroyotryady planned to form a student at the Ryazan and the Novgorod region, the Republic of Tatarstan, as well as in Moscow and St. Petersburg.

State mortgage for a young family

Young family, in addition to local social mortgage, can take part in the federal program and get it on the state subsidy for the purchase of flats or houses. The amount of the grant depends on the standard cost of residential meters in a particular municipality, and whether children in the family. For young families without children subsidy is 35% of the cost of housing for families with children — 40%. Costing housing is made of the following standards: for a family of two people — 42 sq.m., for a family of three or more people — 18 square kilometres. m per person.

To receive subsidies age of both spouses must not exceed 35 years. A young family should be recognized as needing improvement of housing conditions, that is to stand in the queue for social housing, and to have funds sufficient to cover the cost of housing in parts exceeding the amount of the grant.

Decision to include young families on the list of applicants for a grant (this single country-wide list is formed in Rosstroe) are the executive subject of the Russian Federation and transmit data in Rosstroy.

In the event that a young family is included in the federal program, it issued a special certificate. Sama subsidy is provided in the form of non-cash — the amount credited to the account at the bank partner federal program. Subsidies can be used as an initial contribution in obtaining a mortgage loan to buy an apartment or construction of individual homes.

Social mortgages for military

All-Russian program «Military mortgage aims to realize the right to housing through military pension housing mortgage system. Opportunity and participation in the program bound troops is determined by their rank and date of the conclusion of the first contract for military service. The essence of military mortgage program that each year at the expense of the individual soldier, who participated in the program, transferred some amount of money. The specific amount set at a level of the Russian Government and is regularly reviewed, taking into account inflation and the overall economic situation in the country. Accumulated amount of money soldier will be able to use as a down payment when purchasing housing through mortgage.

Social mortgages in the regions

Social Moscow mortgage

In Moscow sold two schemes of social mortgage. First under construction on urban order and benefit recipients can buy housing at its cost. This is approximately 2 times cheaper than housing at market prices. The second scheme — it grants to pay for the initial contribution. That is, you can get grants, to add to its mortgage, 10% own funds, and acquire suitable accommodation. True, in this case will have to pay the market price of housing. Both programs metropolitan social mortgage calculated on the waiting.

Social Tatarstan mortgage

Since 2005, operates in Tatarstan Republican program of social mortgage lending. In accordance with the housing provided in installments for up to 28.5 years by 7% per annum. Program participants can become budget sphere workers and employees of enterprises, partly funded programme ( ’Tatneft’, ’Tatenergo’) if they need to improve housing conditions (ie have less than 18 square meters per person).

Perhaps participate in this program even without the initial contribution. Similarly, it is possible to pay the cost of housing their own labour and (or) personal ancillary products industry. If a family party’s programme, children are born, they will receive for each child grants to repay part of the mortgage loan in the amount equivalent to the value of 18 sq. m., but no more than the value of the unpaid part of the dwelling at the time of birth.

Social Omsk mortgage

Since 2007, in the Omsk region implemented a programme of social mortgage-free, aimed at providing shelter byudzhetnikov, veterans of fighting, «Chernobyl», young families. Loans extradite Regional Housing Agency.

Earlier in the Omsk region acted program of state support for mortgage loan, which offset the interest rates offered by mortgage banks to the level of 10%, then 8% per annum.

Social Lipetska mortgage

In Lipetsk full swing sold mortgage housing program, begun in 2003. Under this programme, the waiting issued grants to cover down payment and compensation payments are made interest rate. The program can take part byudzhetniki, newly, large families, the disabled and war and other benefit recipients.

In addition, the Department of Housing Lipetska formed resettlement programme nationals from dilapidated and emergency shelter, calculated up to 2010. Under the terms of the programme well flats are provided to families living in emergency, dilapidated and unfit homes.

Social mortgage Primorsky Krai

In Primorsky Region are held monthly meeting of the commission to provide grants to pay interest on mortgages. The mechanism of subsidizing the interest rate on mortgage loans provides two-fold decline in real interest rate. This makes mortgages more affordable for many residents of the province. It should be noted that participate in the programme of social mortgage may only those citizens who acquire housing in new buildings, rather than on the secondary market.

In the «Mortgage Program» can be selected mortgage program with a minimum rate for a particular region. Perhaps it would be consistent with the discount social mortgage in the region.