Matkapital is the demanded help from the state assigned to citizens in whom the second child appears in a family. It is represented by a large amount of funds, which is executed in the PF. You can send these funds exclusively in several directions, so you won’t be able to cash them out or even buy a car. Therefore, quite often these funds are used by citizens to improve living conditions. For this, housing can be purchased or built. Each option has its own characteristics, so you need to study the rules for using funds in advance. Maternity capital for the purchase of housing even allows you to purchase real estate for credit money, and in this case you do not have to wait until the child for whom the certificate was issued is three years old.
Features of mothercapital
Such support from the state was introduced back in 2007. Its main purpose is to increase the birth rate. All families in which a second child appears can count on her. The main features of the design of the certificate include:
- a really large amount is provided, equal to 453 thousand rubles in 2018;
- money can be used in significant areas, which include the acquisition of housing, an increase in mother's pension or payment of educational services for all children;
- maternal capital for the purchase of housing is used most often, and for this, buyers ’own funds or borrowed money can be used, for which a mortgage is issued;
- it is not allowed to cash out funds, so the Pension Fund transfers them to other firms and organizations, but the exception is the provision of compensation for previously spent funds for housing construction;
- You can get support if you have not only your children, but also foster children.
The program has been extended, on the basis of which mother capital is provided to families until 2021, as it is considered effective and has a positive effect on the birth rate.
Limitations for applying assistance
Matkapital is appointed to improve the lives of children, so the purchase of residential real estate is considered an urgent solution for any family. It is not possible to cash out the maternity capital for the purchase of housing, since the funds are transferred to the seller directly to the PF employees.
There is also no opportunity to channel funds for other purposes that are not specified in the legislation.
If you plan to use maternity capital to buy a home, then parents should remember that children are required to become co-owners of this property. Other restrictions include the fact that you can use the certificate exclusively on the territory of the Russian Federation. It is forbidden to acquire a share in housing that is not represented by a separate room. If the family plans to buy a room, then this option is individually considered by the PF employees. Although mortgages are permitted, it is not allowed for public funds to be used to pay various fines or commissions.
Benefit Use Options
How to use the maternity capital for the purchase of housing? Initially, it is decided which particular property will be acquired. Allowed to spend money on:
- participation in shared construction;
- purchase of housing using bank transfer, and real estate can be represented by a house, apartment or room;
- independent construction of a safe and optimal residential building;
- improving living conditions by replacing the old apartment with new housing, which will be more comfortable and larger, as well as the reconstruction, which will increase the area of the existing facility.
Each person independently decides whether their savings or mortgage funds will be used exclusively. Buying a home on maternity capital without a mortgage is allowed only three years after the birth of the child for whom the certificate was issued.
How are the funds provided?
If you plan to use such assistance from the state to purchase residential real estate, then the funds can be received in various ways:
- money transfer to the seller’s account of the object;
- the use of capital as an initial contribution when applying for a large mortgage loan, and it can be made out not only for the purchase of any housing, but also for its construction on its own;
- repayment of an existing loan, moreover, it must be targeted and housing, since it is required that its funds be completely used to receive a residential property.
It is not allowed to spend without a loan within three years after registration the maternity capital for the purchase of housing. Such conditions are intended to ensure that people carefully and deliberately approach the purchase of real estate.
Process features
Since public funds are used to purchase the property, buyers must take into account numerous restrictions and nuances. They relate to the transaction itself, to buyers and sellers. The use of maternity capital for the purchase of housing is limited by various factors:
- you can only select objects located on the territory of Russia;
- only housing that is compliant with numerous sanitary standards and other PF requirements is allowed, and often a special commission is formed that goes to the place and determines whether such an acquisition is optimal for children;
- Real estate is executed not only for parents, but also for all children in the family;
- funds transfer usually takes a lot of time, therefore, it is necessary to warn the seller that the procedure may be delayed by checking the documents and the selected object by the PF employees;
- the agreement on the basis of which it is planned to purchase housing should be made before the transfer of the request to the PF for the transfer of money, and this document should contain information that part of the funds will be provided by the capital;
- due to the duration of the wait, the installment plan is drawn up by the contract;
- the seller’s current account must be registered in the document, where the funds from the state will be transferred;
- the buyer must be the owner of the certificate, and if another family member is involved in the process, then he must have written permission from the owner of the document;
- transactions between relatives are not allowed.
Thus, every family that plans to take advantage of such support from the state should carefully study all the rules of the process. This will avoid numerous misunderstandings and problems.
The process of using mothercapital
People often use maternity capital to purchase real estate. How to use a certificate for the purchase of housing? For this, sequential actions are performed:
- initially, the family selects the optimal property, and numerous PF requirements are taken into account, so the selected object must be comfortable, large enough and safe for life, and all necessary communications should be brought to it;
- a transaction with the seller is drawn up, and the developer or private owner may be represented to them, and in this case it must be indicated in the contract that the funds of the capital will be used;
- an independent assessment of the property is carried out to determine if its value is not excessively high, as in such a situation the provision of state support will be refused;
- documents for real estate and a transaction in the PF are submitted, and the contract should indicate that housing is issued not only for parents, but also for all children in the family;
- documentation is checked by specialists of this institution, and they can even independently go to the facility to make sure that it fits the conditions and requirements of the organization;
- money is transferred directly to the seller;
- registered purchase in Rosreestr.
Due to the fact that the house or apartment is registered for all family members, difficulties may arise in the sale of real estate in the future, since it is required to obtain permission from the guardianship authorities. Thus, it is simple enough to use maternity capital. The purchase of a house or apartment is carried out promptly and with the involvement of public funds. A refusal may be obtained if securities or real estate do not meet numerous requirements.
The nuances of mortgages
Often, even when using maternal capital to purchase housing, a family does not have enough own funds to purchase an object. In this case, you can get a mortgage, and in this situation you can not expect three years and immediately use the funds under the certificate. The process itself is divided into stages:
- the bank is selected in which the mortgage will be issued, and he must be a member of the program;
- applying for a loan;
- if preliminary approval is obtained, the search for real estate begins;
- an agreement is drawn up with the owner of the object, which will indicate that housing is being purchased at the expense of credit funds and capital;
- documents for real estate are transferred to the bank and PF;
- funds are transferred to the bank in the form of an initial investment;
- housing paid by the bank;
- The object and encumbrance are registered in the Federal Registration Service.
Maternity capital for the purchase of housing can be used not as an initial investment, but to repay an existing loan. In this case, you will also not have to wait three years after the certificate is issued.
How fast are funds provided by PF employees?
The term for the transfer of maternity capital for the purchase of housing may vary significantly in different situations. The process depends on how easily and quickly PF employees can check the selected property.
The maximum documents can be reviewed and checked within 2 months. After a decision is made, PF employees are given only 10 days to transfer funds to the seller or the bank.
Features of the deduction
Since state funds are used for the purchase, it will not work to issue a deduction from them.
You can get a refund exclusively from your own funds invested in the purchase of real estate.
What documents are needed?
Often, families use maternity capital to purchase real estate. How to use this help to buy a home? For this, borrowed or own funds may be used, but in any case, numerous documents must be submitted to the Pension Fund. These include:
- passports of parents and sv-va about the birth of children;
- certificate;
- SNILS of parents;
- documentation for an apartment or other facility;
- the obligation of the parents, which states that they will certainly issue the purchased property for children;
- purchase agreement;
- if housing is bought in a house under construction, then a DDU is prepared;
- in case of independent construction, land documents and payment papers are needed.
Thus, the number of documents may vary depending on the type of property being acquired.
Buying a share or room
It is important to figure out how to use the maternity capital for the purchase of housing in order not to violate the law. There are significant restrictions when buying a share of real estate, so you can get a positive decision under the conditions:
- there is a separate share represented by a separate room room, as well as personal accounts are divided and the room itself complies with numerous standards so that it is comfortable and safe to live in;
- the family can redeem the second share of their apartment in order to eventually become the full and sole owner of the object.
In other situations, public funds will be denied.
Nuances of participation in shared construction
It is allowed to use a certificate to purchase an apartment in an unfinished object. Money in such a situation is transferred to the developer. For this, a mortgage can be issued or only personal funds of citizens can be used. In this case, the requirements are taken into account:
- Housing should be built at least 70%;
- there is an obligation from the parents that shares for children will be allocated after completion of construction or payment of a loan;
- the developer himself must be accredited by the selected bank.
Documents for the PF will have to be taken from the developer.
Home construction
You can use maternity capital to purchase or build a private home. Buying a home is not always advisable, as many people want unique housing for their needs.
With such a decision, it is possible to get money on the capital in two versions. Initially, you can wait three years, during which the construction will be carried out for your money. Further, it is allowed to receive cost compensation, for which purpose it is necessary to transfer payment documents and other papers to the house in the PF.
You can also get a mortgage for the construction. In this case, money from the state can be obtained immediately, and evidence of the construction of the object is provided not to the PF, but to the bank.
Acquisition of housing from related parties
The purchase of housing from relatives for maternity capital is prohibited, since in this case a deal is drawn up between related parties. Therefore, if employees of the Pension Fund identify that relatives are involved in the transaction, then payment of funds will be refused.
It is also prohibited to attract minors for commercial transactions. Remote relatives can participate in the process, but each option is considered separately.
Thus, maternity capital for the purchase of secondary housing or primary real estate is used quite often. He can be sent to purchase a house, apartment and even a room. Each family should understand the rules for applying this state support in order not to violate the law and effectively use the help.