In recent years, the Russian Federation has been rapidly developing various social programs aimed at obtaining housing and increasing the number of children and families. That is why, at the moment, the best option to get your own home is a profitable Sberbank “Young Family” mortgage.
Own housing is the most cherished dream of the vast majority of young families in our country. Most of them are forced to rent an apartment or room. At the same time, the level of salary in the country allows you to pay for such a rental, but does not provide any opportunity for the accumulation of financial capital sufficient to purchase your property. The mortgage of Sberbank “Young Family” is called to solve this problem. In addition to such a program, there are others similar to it:
assistance to young families and maternity capital. In the framework of such loans, borrowers can expect to receive cash assistance from the state in an amount that is enough for at least a down payment.
Sberbank: Mortgage “Young Family” (2013)
This assistance program was launched in June this year and managed to gain popularity. This mortgage lending covers families with and without children, however, when applying for a loan, young parents with two or more children can expect to receive a very low rate - 10.5% per annum. In addition, the initial payment on such a mortgage is only 10%, which will greatly please low-income families.
The minimum amount that can be obtained as part of the Sberbank Young Family mortgage program is 45 thousand rubles, and the maximum is calculated individually in each case and depends on the solvency of the borrower and the guarantees it provides. The maximum available period for which you can get a mortgage loan is 30 years. In this case, the amount of payment that must be paid on a monthly basis will be approximately equal to the monthly rent. These factors allowed the program to become so popular in a very short time. At the moment, thousands of families across Russia are collecting the necessary documents to obtain a favorable loan.
Mortgage “Young Family” (Sberbank): conditions for obtaining
To participate in this program, borrowers must meet the following conditions:
- The age of all adult family members must not exceed the threshold of 35 years.
- The family must prove to the city administration where the mortgage is issued that it needs to improve living conditions.
- The family should not participate in other subsidy programs.
The following papers must be provided:
- Passports of the Russian Federation husband and wife.
- Inquiries from the co-borrowers' workplaces showing their income level and seniority.
- Surety.
- Collateral object - in the vast majority of cases it becomes the acquired property.
Today, Sberbank's “Young Family” mortgage is one of the few convenient and profitable ways to get your own home. This offer is mainly aimed at families with children who need better housing conditions.