Family mortgage in 2023: terms and conditions

Mortgages with state support are a great opportunity to purchase real estate on favorable terms. Banks usually offer a high interest rate for purchasing housing with a loan. But thanks to the preferential program, borrowers can get a mortgage at 6% per annum. In the article, we will talk about what a family mortgage is, under what conditions it can be obtained in 2023, and which banks offer the most favorable terms.

Sravnim24 editorial team
Imil Tkarev

Contents

Family Mortgage: Terms of Provision in 2023

Under the terms of the preferential lending program, families with children can apply for a mortgage on more favorable terms — at 6% per annum, or 5% for residents of the Far Eastern Federal District.

The maximum loan amount for the purchase of housing located in Moscow, the Moscow Region, St. Petersburg, and the Leningrad Region is 12 million RUB. For the purchase of housing located in other regions of Russia, it is 6 million RUB. The down payment can be any amount, but not less than 15% of the property value. Full or partial payment using maternity capital is allowed.

Please note that you can also apply for a larger loan amount — up to 30 million RUB for the purchase of housing located in Moscow, the Moscow Region, St. Petersburg, and the Leningrad Region, and up to 15 million RUB for housing located in other regions of Russia. In this case, one part of the loan will be issued on preferential terms, and the second on market terms.

Who can get a family mortgage in 2023

The following categories of borrowers can apply for a family mortgage in 2023:

families in which the first or subsequent child was born between January 1, 2018, and December 31, 2023;
families raising two or more children under the age of 18;
families raising a disabled child born before December 31, 2023.

In other words, this lending program is actually designed for borrowers with children — such state support allows families to purchase real estate on more favorable terms than banks usually offer.

Персональный подбор

Подберем предложения под вашу ситуацию

Оставьте телефон — покажем варианты с высокой вероятностью одобрения и актуальными условиями.

Проверенные предложения
Без звонков от менеджеров
Результат в удобном канале

What requirements apply to mortgage real estate

You can purchase only new-build property at the preferential rate, where the seller is a legal entity. In particular, borrowed funds can be spent on:

an apartment from a developer in a building under construction or already completed;
a private house from a developer;
construction of a private house under a contractor agreement on an existing plot or a plot purchased with a mortgage;
refinancing a mortgage obtained for the purchase of housing from a developer;
secondary market housing in rural settlements of the Far Eastern Federal District.

How to apply for a family mortgage in 2023

To apply for a subsidized mortgage, you first need to find housing that meets the conditions of the state program. You will also need to gather a package of documents for the real estate. It may vary slightly depending on the chosen bank. But, as a rule, to apply for a mortgage you need:

equity participation agreement, acceptance certificate, or another document confirming the transfer of real estate;
extract from the USRN on the real estate object;
extract from the house register or a certificate of the presence or absence of persons registered in the apartment;
real estate valuation report.

Next, you need to choose the bank where you will apply for the mortgage and submit a loan application. You can do this either online or directly at a branch of the lending institution.

In addition, we advise gathering the documents needed for the mortgage in advance. As a rule, banks require:

a passport of a citizen of the Russian Federation with a registration stamp;
A INSURANCE NUMBER (SNILS);
A TAX ID (INN);
documents confirming income and employment;
a birth or adoption certificate for children;
a certificate confirming a child's disability.

Other documents may also be required. You can check the list with your chosen lender on the bank's website, at a branch, or by calling the hotline.

If your application is approved, all that remains is to sign the agreements with the bank and the insurance company, and finalize the purchase of the property from the developer.

Pros and cons of a family mortgage

more favorable loan terms for families with children;
the option to use maternity capital for the down payment;
the opportunity to increase the loan amount up to 15 million and 30 million RUB, respectively;
simple mortgage processing;
a high probability of application approval.

The disadvantages of the state lending program include:

the ability to purchase only developer-built housing with a mortgage (unless it is Far Eastern Mortgage);
a limited loan amount;
the requirement to take out life and health insurance as well as property insurance.

Where to get a family mortgage on favorable terms in 2023

Today, you can apply for a family mortgage at 50 Russian banks. You can view the current list of partners of the state program at link. We have prepared a list of 10 banks with the most favorable terms in 2023 for you.

Bank name	Loan amount	Loan term	Interest rate
Sberbank	from 300,000 to 12 million RUB	from 1 year to 30 years	from 5.7% per annum
VTB	from 500,000 to 30 million RUB	from 1 year to 30 years	from 4.3% per annum
Alfa-Bank	from 600,000 to 12 million RUB	from 3 to 30 years	from 5.5% per annum
Rosbank	from 300,000 to 12 million RUB	from 1 to 35 years	from 4.45% per annum
Gazprombank	from 700,000 to 15 million RUB.	from 1 year to 30 years	from 5.3% per annum
Otkritie	from 500,000 to 12 million RUB	from 3 to 30 years	from 5.5% per annum
T-Bank	from 500,000 to 12 million RUB	from 1 year to 30 years	from 6.4% per annum
Ak Bars Bank	from 500,000 to 12 million RUB	from 1 year to 30 years	from 5.7% per annum
Rosselkhozbank	from 100,000 to 12 million RUB	from 1 to 30 years	from 5% per annum
Promsvyazbank	from 600,000 to 12 million RUB	from 3 to 30 years	from 5% per annum