How to use maternity capital? Maternity capital - mortgage

The program “Maternity Capital” was established in 2007. It aims to support Russian families with children.

Funds for maternity capital are allocated from the country's budget. At the moment, some Russian regions have introduced their own similar program, which is aimed at supporting families only from a specific area. The amount of payment, the procedure for receipt and use is determined by local authorities.

The state allocates maternity capital for a second child (or subsequent) or during adoption. This is a one-time program. In other words, each family can use it only once. It is not taxed and is designed for 10 years. The initial amount of maternity capital was 250,000 rubles, but it changes from year to year due to inflation in our country, and now has grown to 429,408 rubles.

Who is eligible for maternity capital?

First of all, the right to receive a certificate is granted to a woman who must be a citizen of the Russian Federation, who has given birth to a second child or adopted him after 2007, but provided that she has not received such a certificate before. The man also has the right to receive a document, who is the only adoptive parent of the baby or the only parent in the event of the death of his wife during childbirth.

In the event of the latter losing both parents, the official guardian of the child may receive and continue to use the certificate. In addition, mom and dad should be conscientious and should not be deprived of their parental rights in relation to children. They should not commit any crimes against them. However, a woman who has adopted her husband’s children from a previous marriage does not have any rights to this capital.

Where to apply for maternity capital?

Maternity capital for a second child is received at the Pension Fund office at their place of residence, where they will issue a special certificate for these funds, which can be used only after three years from the date of birth or adoption. The only exceptions are mortgages for which the family acquired or built new housing.

To obtain a certificate, you must fill out an application, as well as provide the Pension Fund with a package of the following documents: mother’s passport certifying her Russian citizenship, marriage certificate, birth certificate of all children or child adoption certificate, diploma and certificate of a woman. After a while, you can get a certificate for your maternity capital.

What can I spend the certificate of maternity capital on?

After the birth or adoption of a child for whom a certificate is issued, parents begin to think about how to use maternity capital. Some are planning to buy a new car, others are planning a trip to the seaside, and others are planning to make grand repairs in the house. In the future, it is planned to allow the use of capital to start your own business, costly treatment for a child or mother, purchase a plot of land for building a house or summer house, as well as repair your own housing, but so far these are only plans.

Now the entire amount indicated in the certificate can be used only in such areas: you can buy an apartment for maternity capital, increase the future pension (its funded part) of the mother or recipient of the certificate, use the funds for educating children or build your own housing. You can choose one thing, or you can divide the amount of capital into several directions. Nevertheless, the most popular method of using this program is to improve the quality of housing conditions of young families.

Maternity capital for education

In Russia, everyone has the right to free education, but in reality something else happens. The insufficient number of budget places in institutes and universities force parents to resort to a paid form, which is a very expensive pleasure. And not everyone can find large amounts to pay for the education of their children. The state has taken care of such families.

Maternal capital for a second child can be spent on education. You apply to the Pension Fund about the use of your funds or part of them to pay for the education of your child and you can be calm about the money, and your offspring will have to study hard. You can also pay your son or daughter for accommodation in the hostel of the school.

Maternity capital for future mother's pension

A person’s future pension depends on many factors: the person’s total working experience, the retirement age at which he retired, and the size of his salary. The main factor for obtaining good financial support in old age is the large funded part of the future pensioner. But sometimes the salary you receive does not quite allow you to achieve the desired result. In this case, a woman can use her capital to increase her future pension. Maternal capital up to 3 years after the birth of the second or subsequent baby, as well as the adoption of the child, in this case, use will be unacceptable.

Maternity capital for the purchase of own housing

Each new family dreams of its own housing, but only a few of them can afford to buy a house or apartment.

Once in the USSR, young families stood in line for housing and received new apartments from the state. Of course, now millions of Russian couples stand in such a queue. That's just the thing is too slow. Only some of them can receive free housing, and in some regions of our country there is absolutely no construction of the corresponding buildings. And in other cases, everyone has to rely only on their own strengths and means in order to buy a separate apartment or build a house. That's just one salary housing can not be built.

It is good that mortgage loans have been introduced in Russia, allowing you to quickly find money for a construction or purchase of real estate. I collected documents, got a loan and bought an apartment. Everything is simple. It remains only to repay the debt to the bank on a monthly basis with interest due on it. But a mortgage, like any loan, strongly “hits the pockets” of any middle-income family. This is where maternal capital will be indispensable. Mortgage in this case will not seem to the young family a heavy burden. Maternity capital can be used to purchase your own apartment or house, as well as to build new housing or increase the available area.

To pay your mortgage for the purchase or construction of a new house, you do not have to wait until the child reaches the age of 3 years. You simply take a mortgage loan from any bank and come to the Pension Fund branch with a loan agreement. After checking the documents, the required amount is transferred to your account.

But in order to build an additional room in your house, you have to wait a bit. After your child is three years old, you will need to contact the Pension Fund and get a part of the cash in cash from the maternity capital. Then you have to report in detail for each ruble spent. Then you can get the rest of the money and continue the construction, and after its completion you will find a familiar detailed report on the spent funds.

Is it possible to sell capital?

Quite often, when viewing ads for the sale of real estate, one comes across those in which they promise to buy a certificate of maternity capital or help cash out. Many immediately have the question of whether it is possible to sell maternity capital. Of course not. At least it is illegal, and for similar actions that relate to fraud, there is a rather big prison term, not only for those people who carry out such scams, but also for the owner of the amount.

This is government money, which only representatives of the Pension Fund are allowed to work with. They are obliged to carefully check all the documents provided to them, accept and consider applications from capital owners on the transfer of funds for child education, retirement and the purchase or construction of housing. They can issue certificates only to their owners, as well as make money transfers to the mortgage accounts of the certificate holder and settlement accounts of construction organizations or individuals who are constructing the home.

Maternity capital was created to improve the financial situation of Russian families and the demographic situation in the country, and is also aimed at protecting children from the state. That is why special measures have been developed that can prevent fraud and provide support for children. For example, in order to buy an apartment for maternity capital, you will need to adhere to the following rule: purchased housing is compulsory for every member of the family, including all minor children. To sell such a house, it will be necessary to obtain special permission from the guardianship authorities and, if they agree, provide their children with new, equivalent housing.

Therefore, you should think carefully before buying or selling maternity capital. The law clearly defines the responsibility for such an act. You can lose not only the required money, but also precious freedom.

Maternity loan

Funds from capital are used to repay a loan that was used to buy an apartment or build a house. But today, a loan under maternity capital takes place only when it is issued in the appropriate credit organization, which has a license, in a credit cooperative or microfinance company and was aimed at buying or building its own housing. In this case, the loan must be in non-cash form, that is, transferred to the account of the holder of this certificate.

Maternity Mortgage

If you and your family decide to spend your maternity capital on improving housing conditions, then a mortgage loan is the perfect solution for you. Moreover, you can choose one of three areas that allow the use of a certificate:

1. It is allowed to repay interest and the main debt of the loan, which was taken before the birth of the child and aimed at buying an apartment or building a house.

2. You can apply for a mortgage after receiving a maternity certificate and send these funds in the form of a down payment on a loan.

3. You can increase the total amount of the mortgage loan at the expense of these funds for buying a home more expensive if you are not allowed to make income.

Before you use maternity capital in a mortgage, you need to remember the following. The main feature of this use is that not every Russian bank accepts certificates of maternity capital to pay off debt and interest on loans. That is why it becomes difficult to use these funds in the form of a down payment on a mortgage.

An equally important feature is the ability to use a certificate of maternity capital for the purchase of any housing, whether it is already built, under construction or only in the project. But it must be executed under a contract of sale for you. In this case, only the bank with which you enter into a mortgage agreement is required to choose the type of housing. After all, some organizations work only with new buildings, while others, on the contrary, use the secondary housing market.

The next feature is the ability to repay your mortgage in full immediately after the certificate is received. To make the first installment, you will need to wait until the child reaches the age of 3 years. The last feature is the joint purchase of housing in the ownership of all family members.

Which banks work with maternity capital?

Almost all banks in our country issue mortgages for the population, but not everyone accepts maternity capital.

1. "Sberbank of Russia". He grants loans only for already built housing at a rate of 14% per year for a period of 30 years. An apartment or house bought with these funds must be directly registered with the property of all family members.
2. Russian Agricultural Bank. He grants a mortgage without a down payment , subject to the use of money from maternity capital for up to 25 years. The rates for such a loan depend on the chosen currency and the validity period. In addition, it is possible to repay a mortgage loan ahead of schedule without any commissions, fines and restrictions.
3. "VTB 24". This bank will allow you to take a loan for up to 50 years with a rate of 11% and will accept maternity capital as a down payment.
4. Bank of Moscow will allow you to pay off the debt and interest on the loan with the help of your capital.
5. UniCredit Bank accepts funds under a certificate to repay a mortgage loan. The rate is 12-13%.
6. Bank "DeltaCredit". He will issue a mortgage loan using your capital at a minimum interest rate - from 5% per year. You will be able to pay the down payment or pay off a mortgage loan ahead of schedule using maternity capital.
7. "Rosbank" allows you to pay for a loan with a rate of 12.5% ​​of maternity capital.
8. Agency for mortgage lending. It will allow you to take a profitable loan and at the same time use these funds to pay off debt and down payment. Moreover, it uses different interest rates for the purchase of apartments in new buildings and housing purchased on the secondary market. In the first case, the loan rate will be 8%, in the second - 9%.
9. Bank opening". It grants mortgages with the ability to pay debt and interest on them from the funds provided by the parent capital. The rate depends on the down payment and the term and averages 12%.
10. RaiffeisenBank offers a rate of 11.5%. The term is from 1 year to 25 years, and a mortgage is provided both for finished housing and for construction.

What to do with the certificate if the mortgage is framed for the husband?

Any loan at the bank is issued according to the golden rule - the higher the income, the more money you can get. But only in most Russian families the main earner is a man. It is his salary that is considered dominant in the family budget. And in some families, a woman is a housewife, and she does not have any income at all. In this case, all loans are issued to a man, especially mortgages. But how to use maternity capital in this case? This is the main obstacle to the proper application of the certificate of maternity capital to improve the quality of housing through mortgages.

Now these errors have been fixed, and the Pension Fund will not ask for a document confirming the ownership rights to housing for all family members. Today, a woman has the right to use the funds of the capital provided to her to repay a mortgage loan issued to her spouse. The main condition for using the certificate is the presence of a legal marriage, that is, the Pension Fund will need to provide a certificate of its conclusion.

Required documents

It also became possible to use capital funds for on-lending, that is, repaying a mortgage with another loan, which was issued on more favorable terms. However, the use of this amount is possible only if this loan was issued before receiving a certificate of equity.

Each bank provides its own set of documents required to obtain a loan (mortgage) using capital funds, but the main ones are as follows:

1. Certificate of your maternity capital - original and copy.
2. Passports of a woman and her husband.
3. A copy of the mortgage loan agreement with the bank.
4. Certificate of registration of ownership of your apartment or house purchased under this loan is a copy and the original.
5. Marriage certificate. It is necessary, as mentioned above, if you plan to spend maternity capital, while the mortgage is framed for the husband of the recipient of the certificate.
6. Certificate from the bank about the remaining amount that you owe on a mortgage loan.

The program “Maternity Capital” is valid until the end of 2016, but it can be extended, but it will change significantly. It is planned to expand the possibilities of using these funds, but at the same time provide this financial assistance only to particularly needy families. Also, these funds can be used after the birth of the baby or his adoption.

As you can see, there is nothing complicated in obtaining maternity capital.In addition, you should not worry that he will not be extradited. It remains only to understand that it is best to go along the legal path to obtaining funds. Otherwise, the consequences are not entirely pleasant for you. We hope this article helped resolve the issue of how to use maternity capital wisely and for the good of your family.