From 12.12.2007 Funds can be used to immediately buy real estate or purchase it on a housing (mortgage) loan.

When buying a home with a mortgage, maternity capital can be used either to pay the principal and interest. It is forbidden to use mother capital as monthly payments. The transfer of funds to the mortgage account must be one-time.

Ways to repay a mortgage with maternity capital

The holder of the funds can pay off the mortgage in several ways (you need to choose one of them):

1. Use the money to pay the down payment on the mortgage. Not all banks agree to this.
2. Pay off mortgage interest, including early. The bank must be notified in advance.
3. Partial loan payment. Then it is necessary that the mortgage be issued for the full cost of housing;

But in practice, refusals are possible, since most financial institutions do not position their mortgage "products" as a public offer. This means that the bank itself has the right to choose to whom to give a mortgage, and to whom to refuse due to various circumstances.

Basic requirements and redemption procedure

The main condition for paying a mortgage is to target the money for something. Purchased housing must be located in Russia. If the prospective mortgage holder is married, then the spouse usually becomes a co-borrower, i.e. bears, along with the main borrower, equal rights and obligations to pay the housing loan.

The purchased apartment must be purchased in common shared ownership. The obligation to distribute shares is made in writing even before the Pension Fund transfers the mother's capital to the bank.

After the full payment of the housing loan and the removal of encumbrances from housing. If this is not done, then the FIU has the right to go to court and challenge the payment to the bank. The obligation to share is submitted by a notary public. The mortgage holder bears the costs of notary fees.

In 2019, as before, you can apply with an application for the allocation of mother capital funds to a mortgage, having previously concluded an agreement with the bank.

The client must:

1. Choose a property - it can be an apartment in a new building or in a secondary home; a room in a hostel or housing that is being built under a shared participation agreement or in a housing construction cooperative.
2. The bank must approve the property. Prior to this, a qualified assessment of the object will be required. Usually it is performed by an organization to which the credit institution is loyal. But the borrower is not obliged to order an appraisal of the cost of housing from the very organization that the bank recommended to him. A similar condition applies to insurance. It is obligatory in almost all credit institutions and is carried out, like the assessment of housing, at the expense of the borrower.
3. After the bank approves the property, the seller agrees to the sale and purchase transaction, which specifies the moment of transfer of funds.
4. The borrower must draw up a loan and mortgage agreement, according to which the property is transferred to the bank as collateral. Prior to the transition to pledge, the bank has the right to require the client to provide other collateral.
5. After the signing of mortgage lending and purchase and sale agreements, transactions are registered with Rosreestr.
6. Then the seller of housing receives funds to his account by bank transfer or from a bank cell.
7. After settlement with the seller, the borrower must apply to the FIU.

The deadlines for applying to the FIU for directing capital funds to pay for a housing loan must be agreed in advance with the bank.

Contacting the Pension Fund

The application to the FIU must be submitted along with the rest of the documents. This can be done in person or through a legal representative. You also need to provide:

• Passport or other document that certifies the identity of the applicant.
• . If this has not been done, then it will first be necessary to obtain a certificate, which is also provided by the FIU.
• Contract of mortgage and sale of housing (or projects certified by the bank, copies of contracts).
• Letter from the bank about the amount of the debt.
• Marriage certificate (if the applicant is legally married).
• Birth certificates for all minors.
• Documents of the guardian (adoptive parent).
• A notarized commitment that the owner of the certificate will distribute housing in shares: between themselves, their spouse and children. The proportion of children is determined by the parents themselves.

If a legal representative applies to the FIU, then he must confirm his authority with a notarized power of attorney.

Review and approval

The term for consideration of documents in the FIU is no more than 1 month. The applicant is notified of the decision taken within a few working days. The decision of the court must be made in writing. If it is positive, then the PFR sends funds to the specified account of the manager of the capital funds, and the bank already accepts them as payment for part of the mortgage.

When funds are received by the bank, they can be directed to:

• Paying the mortgage in full is relevant when the loan was issued before the birth of the 2nd or next child, or when the mortgage amount was initially small.
• Reduce the amount of monthly payments (this is possible with annuity payments). The mortgage term will remain the same.
• Reduce the loan payment term, while maintaining the size of the monthly amounts.

The bank must be notified in advance about the early repayment of the mortgage. After payment of part of the loan by the mother capital, the debtor receives a new monthly payment schedule agreed in advance with the credit institution.

Possibility of refusal

Pension Fund must accept the application with documents and issue an appropriate receipt to the applicant. Cancellation is possible in the following cases:

• If not all the necessary documents are submitted, or their unreliability is established.
• If the applicant was deprived of the legal right (parental rights) to communicate and raise a child. This is only possible through a court order.
• If the certificate was obtained illegally or when the purchased property violates the housing rights of children.

The refusal must be motivated and lawful. It can be challenged in court. To do this, you will need to file an administrative claim.

Refund

In case of early termination of the mortgage agreement using the funds of the mother capital, the borrower has the right to demand to recalculate the cost of the mortgage and return the money spent on the loan insurance. The maturity of the home loan itself depends on the specific program.

Sometimes banks prohibit early repayment of a loan, including with the help of maternity capital. In exchange, they offer to lower the interest rate. In order not to face such a surprise, you need to find out in advance the cost of the loan and the conditions for its provision. A citizen who has bought housing on a mortgage is also entitled to receive a tax deduction, but on the condition that he is a payer of personal income tax.

Documents to the bank

The list of required documents depends on the specific mortgage program. Usually credit organizations require:

1. borrower's passport;
2. marriage certificate of the spouses;
3. birth certificate of minor children;
4. a certificate confirming the employment of the borrower and his length of service;
5. income statement (2-NFDL) or in the form of a bank;
6. title documents confirming the presence of valuable property or a passport of a reliable guarantor.

Directly signed at the bank sale and purchase agreement and mortgage transaction. The Bank has the right to offer the client individual terms of lending, which depends primarily on the solvency of the borrower.

When making a transaction in Rosreestr, you will need to pay a state duty for a mortgage and registration of property rights (1 thousand rubles for registering a mortgage - clause 28, part 1 of article 333.33 of the Tax Code of the Russian Federation; and 2 thousand rubles for registering property rights - clause 22 part 1 article 333.33 of the Tax Code of the Russian Federation).

Nuances

You can use help from the state in order to pay the start-up fee with the capital only after the child is 3 years old. Without waiting for the child to be three years old, capital funds can be used to pay off debt, including overdue debt, and interest. It is forbidden to pay fines, forfeits, penalties with family capital.

The presence of maternity capital will still require significant funds from the spouses in order to continue paying the mortgage. often not enough to fully repay the loan. The bank will agree to approve the loan only if the borrower has a stable income.

If at the time of repayment of the housing loan the spouses divorced, then the share will still have to be allocated, especially if the former spouse continued to pay the combined mortgage. Such issues can be resolved in court.

Legislatively defined the possibility of using for the purchase of housing. All mortgage lending banks are required to accept government certificates for interest payments and/or loan principal. Read more about how the mortgage is repaid by maternity capital (the documents in the Pension Fund required for processing and confirming the operation will also be listed) read below.

Definition

Maternal capital (MSC) is the federal budget funds transferred to the Pension Fund of the Russian Federation for the implementation of state support measures. As confirmation of the right to receive funds, program participants are issued a state-issued certificate. You can get it at the local distance of the Pension Fund of Russia at the place of residence.

One of the ways to quickly buy a residential property is to use maternity capital to pay off a mortgage. The documents necessary for processing the operation are transferred to which and makes a decision regarding the use of MSC funds.

How to get a certificate?

Before considering how the mortgage is repaid by maternity capital, the documents required for processing the operation, we will figure out how to get an MSC certificate.

Financial assistance from the state can be received by a woman who has given birth to or adopted a second and subsequent child. Fathers who have adopted a second child also fall into this category. Money can also be received by a child left without parents, upon reaching the age of majority. Mandatory conditions:

• Education in the full-time department.
• Age - up to 23 years.

You can get a certificate at the branch of the Pension Fund of Russia at the written request of the parent. A copy of the applicant's passport, birth (adoption) certificates of all children must be attached to the document. may request additional documents, in particular if the applicant is a single father. Within a month, the PRF reviews the documents and makes a decision on issuing a certificate. Notification is sent to the applicant within 5 days. In case of a positive decision, the document will indicate where and when it will be possible to obtain a certificate.

Application

MSC is annually indexed for inflation. Funds can be used in whole or in part in several ways. One of them is the improvement of living conditions. Within the framework of this direction, funds can be directed to the purchase (construction) of premises located on the territory of the Russian Federation. For the same purposes, you can take a loan from a bank, and then arrange the repayment of the mortgage with maternity capital. The documents required for the operation will be sent further. You can dispose of funds after 36 months after the birth or adoption of the second or each subsequent child. The loan can be issued to the mother or father.

Where to begin

The following list of documents for repayment of mortgage debt must be submitted to the bank:

• a copy of the MSC certificate.
• passport of a citizen of the Russian Federation.
• application for (standard bank form).

You should also order a certificate from the bank, which indicates the amount of debt broken down into the main part of the debt and interest. Here you can also get a certificate of ownership of real estate and a contract for the purchase of an apartment. The next stage is the transfer of documents to the Pension Fund.

Mortgage repayment by maternity capital: documents

For public funds, you need to prepare and submit certificates to the FIU. A complete list of documents for repaying a mortgage with maternity capital is presented on the website of the local Pension Fund of Russia. Short list:

• The original certificate for receiving state aid.
• A copy of the certificate holder's passport or other document confirming the person's identity. If the application is submitted by the spouse, then you must additionally provide a copy of the second passport and marriage certificate. If the application is submitted by an authorized person, then you must additionally provide a copy of the power of attorney.
• A copy of the mortgage agreement with state registration.
• Documents confirming the possibility of obtaining MSC funds by the creditor organization:

1. for borrowers whose loans have been refinanced by AHML - a copy of the notification of the change of the mortgage holder;
2. for borrowers whose loans are sold to other companies, a copy of the letter from the second owner of the mortgage. Notification of the change of ownership of the mortgage is sent to the borrower after the loan is refinanced by mail.

• A copy of the certificate of state registration of ownership of the premises.
• personal account.
• An obligation certified by a notary to register the apartment as a common property (with all residents) after the removal of the encumbrance.
• A certificate from the bank on the size of the balance of the debt, including interest.

Here are the documents you need to pay off a mortgage with maternity capital.

Only non-cash

The legislation states that it is only possible to repay the mortgage with maternity capital in a non-cash form. Documents are submitted to the Pension Fund of Russia in order to obtain permission for a cashless transfer of funds. But there are exceptions to this rule. If the family is building a house, then even before the start of work, you can get half the amount to a bank account. For the remaining amount, you will have to contact the Pension Fund of Russia and provide a package of documents for repaying the mortgage with maternity capital. At the same time, at least six months must elapse between tranches. Additionally, you need to prepare documents confirming the cost of the work performed: contracts with contractors, acts of work performed.

How is mortgage repayment carried out by maternity capital?

Documents for processing an application for the disposal of funds are transferred to the territorial office of the Pension Fund. The employee is obliged to provide a receipt indicating the number and date of acceptance of the document, his full name and position. Within a month, a decision is made to approve or refuse to use the MSC and is sent to the applicant in the form of a notification.

If the documents required to repay the mortgage with maternity capital are drawn up incorrectly, provided in an incomplete set, or the amount of funds for the MSC exceeds the balance of the debt, the offset may be refused. In the notification, the Pension Fund of Russia is obliged to indicate a reasoned reason for the refusal. This decision can be challenged in court.

What documents do you need for a bank to pay off a mortgage with maternity capital? Written notification from the FIU with permission to use state support funds. If there is a partial repayment of the loan, then the borrower must submit an application to the bank indicating the chosen method of changing the payment schedule:

• reduction of the term of the contract while maintaining the amount of payment;
• reduction of the amount of payment while maintaining the period of validity of the contract.

The Pension Fund of Russia is obliged to transfer funds within two months from the date of the decision. Maternity capital cannot be used to pay off fines and penalties that arose as a result of default on loan obligations. That is, until the transfer of funds to the PFR, the borrower is obliged to repay the debt in a timely manner. After mutual settlements, a new loan repayment schedule is drawn up.

The first way to pay off debt

At the expense of state aid, you can pay part of the advance, the body of the loan or interest on it. The first option is not available in every credit institution. Previously, banks classified clients who could not pay the down payment on their own as insolvent. Today, large financial institutions make concessions and accept MSCs. It should be noted that the conditions for such loans can hardly be called favorable for borrowers. These loans carry higher interest rates for short term loans.

The second way to pay off debt

A more acceptable option is to repay the body of the loan at the expense of the MSC, since after the amount of debt is reduced, interest is charged on the balance of the debt. If the borrower plans to repay it ahead of schedule, after mutual settlements, you can reduce the amount of the payment.

The third way to pay off debt

It is beneficial for the bank if only the interest on the loan is repaid at the expense of the MSC. He is guaranteed to receive part of the funds due. The same scheme is beneficial to the client, provided that he does not plan early repayment of the loan. The amount of the monthly payment is reduced, but not significantly.

Peculiarities

The certificate for MSC is issued for an unlimited period. You can receive the amount at any time. If the person indicated in the document has died, the second parent, guardian or the child himself can use the amount until he reaches 23 years of age.

You can use state aid funds at any time. The exception is when the owner of the certificate is going to use it to pay the down payment. In this case, it will be possible to use it after 36 months after the birth / adoption of the baby. There is one more limitation. The list of documents for repaying a mortgage with maternity capital should include a certificate from the Pension Fund confirming that state aid funds have not been used for any other purposes before.

In addition to federal, there are also regional programs to improve the demographic situation in the country. Some of them provide for special conditions for obtaining (registration) of property in ownership.

After the loan is repaid, the purchased property must be registered as joint property with all family members.

Closing of MSC

The maternity capital program was launched in 2007. Even then it was said that the program would not operate indefinitely. After 8 years, the first rumors appeared about the termination of the certificates. The reason for this was the fact that in 2014 the debt of the Pension Fund of Russia (through which all payments pass) amounted to about 1 trillion. rub. During the same period, 200 million rubles were paid out under MSK certificates. No final decision has been made. According to preliminary data, it will be possible to obtain a certificate until 12/31/18 inclusive, and use it in the next 10 years.

The following changes are being considered for the next year in terms of the program:

• issuance of certificates only to families with small or medium incomes;
• a new direction for the use of funds is considered - the rehabilitation of children with disabilities.

How to pay off a mortgage with maternity capital in 2018 - you will find a detailed answer to this question by reading this article.

One of the most common ways to use maternity capital is to improve the living conditions of the family. At the same time, funds can be used not only for the purchase of housing or its construction, but also for the repayment of a mortgage loan. The clear advantage of this use is that no need to wait for the 3rd anniversary of the second child. The family can buy a house earlier or reduce the burden on the family budget. In the article, we will deal with all the nuances of using maternity capital to pay off a mortgage.

Ways to use maternity capital in a mortgage

To date, the amount of maternity capital is 453 thousand 26 rubles. These funds, as a rule, are enough for 10-40% of the cost of housing, depending on the region of residence. The use of maternity capital can significantly save the family's funds and close the mortgage in a shorter time.

Capital can be spent on a mortgage loan in several ways:

1. Payment of the down payment. Not all banks work according to this scheme, therefore, during the initial consultation, it is necessary to inform the bank employee that the first installment is paid from the capital. In any case, most banks do not allow capital to be used as a 100% down payment. In this case, the borrower needs to pay at least 5% of the cost of housing at the expense of personal funds (it is possible to raise capital in this way only after the child is three years old).
2. Repayment of principal debt ahead of schedule. This method is interesting when the mortgage was issued before the right to maternity capital arose. It is most convenient for both parties. The borrower makes early repayment, due to which it can reduce the mandatory payment or the loan term. For the bank, this procedure does not carry any risks.
3. Payment of interest on a loan. This scheme is rarely used. For the borrower, it is interesting only if he does not plan to make early repayment in the future. The bank receives a guarantee that the interest will be paid.

Application of capital as a down payment

If a potential borrower plans to use maternity capital as a down payment, then you need to choose a bank and a lending program that allows this.

Requirements for borrowers on such loans may be tightened, as the procedure carries a certain risk for a financial institution. It is not necessary to draw up a deposit or advance agreement before obtaining the consent of the bank.

In addition to the standard package of documents, a credit institution must also provide a certificate for maternity capital and a certificate from the Pension Fund, which indicates the balance of funds in the account. After reviewing the documents and making a positive decision, you can set the date for signing the sale and purchase agreement and the loan agreement. The procedure will then look like this:

1. After the conclusion of the contract, it is necessary to register it in the state register, in accordance with the current legislation.
2. The registered agreement is submitted to the bank, and it issues credit funds (non-cash transfer to the seller or providing him with access to the safe, where the funds were previously pledged).
3. In the bank, the borrower receives a certificate of the balance of the debt, and, together with other documents, transfers it to the Pension Fund.
4. The pension fund reviews the documents (usually it takes up to two months). If approved, notifies the borrower and transfers funds by bank transfer to the borrower's loan account.
5. The bank recalculates the schedule and thus reduces the mandatory payment.

The participation of maternity capital not only allows you to significantly reduce the cost of your own funds when buying real estate, but also increases the loan amount that the borrower can count on based on their income.

It is possible to use capital as a down payment only if there has not been any of its payments yet. If funds have already been withdrawn, for example, for the education of a child, then capital can only be directed to repay the mortgage.

It should be noted right away that only the loan that was issued to improve the living conditions of the family can be repaid with capital, and the appropriate targeted use of funds must be indicated in the contract. If the family issued a loan for their own real estate, and sent the money for other purposes, then it will not be possible to pay off the balance of the debt with capital.

The borrower under the agreement can be both the mother, who has the right to maternity capital, and the father of the child, but only on condition that they are officially married.

To pay off the mortgage, first of all, you need to contact the Pension Fund and issue the capital certificate itself.

1. Contacting the bank, where you need to inform about your intention to make early repayment and get a certificate of the balance of the debt. It is also advisable to immediately write an application for an unscheduled repayment, since most banks require written notice in advance of any repayments in excess of the mandatory payment.
2. Appeal to the Pension Fund and transfer of the necessary package of documents, namely:

• a document that confirms the identity of the person who owns the certificate (mother, father or guardian);
• application for the payment of maternity capital in the established form;
• certificate for maternity capital (in case of its loss, it is necessary to issue a duplicate in advance at the Pension Fund);
• loan agreement (the intended use of funds must be indicated, which implies the improvement of the family's living conditions);
• a certificate from the bank indicating the current balance on the loan;
• a notarized obligation of the property owner to register housing for all family members after closing the loan and removing the encumbrance by the bank;
• additional documents at the request of the Pension Fund (power of attorney, if the documents are submitted by an authorized person; a court decision, if one of the parents is deprived of parental rights, etc.).

1. The Pension Fund accepts documents and issues a receipt to the applicant.
2. The decision will be made no later than 2 months. The applicant will then be notified in writing.
3. With a positive decision, the bank transfers funds to the borrower's loan account. Maternity capital cannot be obtained in cash, so attempts to cash out funds in this way are useless.

During the period of consideration of documents in the PF, the applicant has the right to review his decision and cancel his application. To do this, you need to write a new application.

If the borrower does not apply to recalculate the schedule, then with the annuity schedule, the payment will remain at the same level, but the loan repayment period and the final overpayment will be reduced. If you want to reduce the mandatory payment, you must contact the bank and write a corresponding application. After changing the schedule, its new calculation must be provided to the borrower.

Maternity capital can only be used to repay the principal or interest. It is forbidden to use it to pay off any penalties.

If the amount of capital is sufficient to fully repay the balance, then further actions must be taken to remove the encumbrance. After that, the owner is obliged to fulfill his obligation and register the property in the shared ownership of all family members. If this is not done, then the Pension Fund has the right to withdraw the payment in court order.

Reasons for rejection

The pension fund may refuse the owner of the certificate for the following reasons:

• providing not all documents or filling out an application with errors;
• deprivation of the owner of the certificate of parental rights to a child whose birth became the basis for obtaining the right to maternity capital;
• commission by the applicant of a crime against the person of the child;
• the presence of restrictions on the use of maternity capital in relation to the guardian (if such a restriction is temporary, then the guardian can submit documents upon its completion);
• social services took the child from the family.

In the first case, it is easy to resolve the issue: the Pension Fund will announce exactly what documents are missing and what is incorrectly indicated in the application. Once the errors have been corrected, the documents can be resubmitted. In other cases, the right to maternity capital may be lost.

Other reasons for the refusal of the Pension Fund are unlawful.

The nuances of using maternity capital

1. An application for payment of funds can be canceled, but you cannot "change your mind" if the funds have already been transferred to pay off the mortgage. Therefore, it is worth weighing in advance all the advantages and disadvantages of such use of funds. If there is a possibility of selling a mortgaged apartment after repaying the loan, then it is better not to use maternity capital, since permission from the board of trustees is required.
2. A child can independently use the funds of maternity capital after reaching the age of 23, but only if the mother and father lose their rights to capital. Therefore, he can apply for a mortgage on his own or repay his loan only if the specified condition is met.
3. If the borrower has enough maternity capital to fully repay the loan, then the borrower can initiate the return of paid insurance premiums, which will also make it possible to receive additional funds.

Repaying a mortgage with maternity capital is beneficial for families with children. Legislation defines the possibility of using state assistance to families to buy an apartment or build a house.

Using a mortgage or housing loan, families have the opportunity to direct finances for its full or partial repayment. This procedure has certain nuances.

How to pay off a mortgage with maternity capital

This can be done in different ways:

• pay the down payment of a pledge or loan;
• pay off interest on a home loan;
• partially pay the loan (mortgage is issued for the full cost of living space).

Important! Banks that provide secured loans are required to accept MC funds as mortgage repayment.

Usually, they cover from 10 to 40% of the debt (depending on the price of living space).

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Requirements and payment procedure

The conditions for repaying a mortgage by using the funds of the MK" include:

• the focus of the loan is to improve the condition of housing in families;
• location of residential premises - the territory of the Russian Federation;
• the right to be borrowers belongs to both the wife and the husband, if the marriage is officially registered;
• registration of the acquired apartment or house in joint ownership, since assistance from the state is the common property of the family;
• the proportion of children is determined by the parents;
• parts of the apartment, issued for minors, are approved by a notary.

Such a step will eliminate possible problems in the sale of premises purchased with the use of family capital.

Mortgage repayment procedure in 2019

To solve this problem, you first need to go through a number of stages, namely:

1. In agreement with the bank, the client receives a housing loan for the full amount, the apartment is registered as a property.
2. The credit institution transfers finances to the seller, the client with him - in full settlement. The bank takes the apartment on bail.
3. The credit institution is informed about the client's intention to repay the mortgage with maternity capital.
4. The bank provides information on the balance of the amount of money and interest, in addition, an act establishing the rights to the purchased apartment, which is in a mortgage

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Required documents

The owner of the certificate submits an application of a certain form to the local branch of the Pension Fund for the disposal of state aid.

In addition to the application, you will need:

• certificate;
• loan agreement;
• data from the bank on the balance of the debt;
• applicant's identity card (mother, father or guardian). When concluding a loan agreement, the husband will need his documents and a marriage certificate;
• official paper confirming the ownership of housing;
• a notarized commitment to the common ownership of housing.

Important! The exact shares must be indicated within half a year from the beginning of the repayment of the pledge.

Other papers you may need:

• power of attorney (if the transaction is made by a representative);
• a court order depriving the rights of a parent and on their transfer to another citizen;
• certificate of death of the owner of the certificate and transfer of rights to another person;
• adoption documents.

The PF department issues a receipt for the acceptance of documents (with their list and time of acceptance).

Important! Approval will be required to transfer money from family equity to a mortgage account.

What to do after getting approval

Specialists are given one month to check the submitted documents. Any decision will be sent to the applicant in writing.

With the decision of the PF, you must contact the bank to notify your intentions. Most banks have set a specific time limit of 30 days for this.

Important! A positive decision will lead to the transfer of money by the Pension Fund to the bank account within two months.

After the bank receives the money, the borrower will be offered the option of interacting with him:

• reduce the terms of the loan on collateral, monthly payments will be the same size;
• keep the terms of payments with a decrease in the size of the regular payment;
• repayment of a mortgage loan by maternity capital.

The first two options oblige the bank to provide a new monthly payment schedule.

In the latter situation, it is better for the client to demand a loan closing document in order to avoid possible claims from the financial institution.

Legality of refusal

If you refuse to provide maternity capital to pay the mortgage debt, you should find out why the PF did it. The applicant may appeal the decision to higher authorities or to the court.

The reasons for refusing to transfer family capital are as follows:

• provided an incomplete list of securities or false information;
• errors were made in the application;
• the parent is deprived of the rights to children, which was the reason for the refusal;
• the applicant has committed a criminal act against a child;
• the competence of the guardian by the guardianship service is limited when using
• family capital.

Attention! The period of work with citizens' appeals is 1 month. During this time, a response will come, canceling or approving the decision.

There are no other reasons to refuse the applicant's request by law.

Terms of use of funds

The certificate is valid for an unspecified time. This means that the amount due can be received at any time as needed.

In case of death or loss of a citizen's rights to assistance from the state, the second parent (guardian) or a child after the age of 23 is allowed to use the money.

Important! Early termination of the mortgage agreement entitles the borrower to recalculate and return insurance premiums that were paid and not used.

It is possible to obtain a tax withholding of 13% of the amount of payments. Maternity capital is not used for reimbursement of penalties, penalties in relation to a mortgage loan.

Refund deadlines

Debtors can repay the money soon after the loan is issued. Banking operation will be regarded as early repayment of the loan.

Attention! It should be remembered that family capital is not cashed out. To prevent penalties from the bank for such actions, the client must conclude an agreement and comply with obligations.

Some banks impose a ban on early repayment of mortgages by maternity capital for a certain period. Lending institutions have programs that provide for the refusal of early loan repayments in exchange for a reduction in interest on it.

There are 2 options for recalculating contributions to partially repay the pledge of an earlier date with family capital:

1. Save the term of the loan by reducing the amount of monthly payments.
2. Reduce the loan term, leaving the size of regular payments unchanged.

How to make a repayment

When applying for a mortgage, it is possible to use the capital as a down payment.

Initial fee

Not all banks provide this service.

In order to use the capital as a down payment, you should wait until the child is three years old.

In this situation, the amount of money must be full, if part of it was used, the remainder can be used as repayment of the existing loan. The presence of a stable income must be documented.

Important! Such loans are disadvantageous to the borrower, since a high interest rate is used, even with a small loan amount for a maximum period.

List of documents for the lender

For full or partial closing of a pledge in a bank, you will need the following package of documents:

• passport;
• certificate confirming the availability of capital;
• loan application.

The main part of the debt

The method that includes the principal amount of the debt is used most often. It is the most beneficial for the certificate holder:

• the principal debt is reduced;
• interest is charged on the balance;
• in general, the amount of overpayment will decrease.

Interest payment

In this situation, the financial institution that receives the interest that is due to it has a great benefit. In reality, borrowers use this scheme infrequently. They also have a certain benefit, they can pay off the main debt, regular payments are reduced. If you make a higher payment, the repayment period will be reduced.

Dear readers!

We describe typical ways to resolve legal issues, but each case is unique and requires individual legal assistance.

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The question of whether it is possible to repay a mortgage with maternity capital is becoming more and more relevant every year among families with two or more children.

This is due to the fact that a mortgage is the best solution for purchasing your own home as soon as possible, and the use of family capital makes a home loan more affordable and profitable.

We will talk about the features of using maternity capital as payment for a mortgage in our article.

Legal aspects of mortgage repayment by maternity capital

In 2019, thanks to the Family Support Program and the changes introduced by Law No. 288-FZ of December 25, 2008, families with a mortgage can use maternity capital to pay it off. Initially, it was envisaged that these funds could be used to improve housing conditions, namely the construction and reconstruction of housing, as well as directly to the acquisition of real estate.

In connection with changes in legislation that have come into force, in order to improve living conditions, a family can use funds in one of the following ways:

1. Get a mortgage loan and make a down payment.
2. Pay off an existing loan, which was taken before the birth (adoption) of the second child. The principal amount of the debt and interest on it are subject to repayment, but not penalties and fines incurred in connection with late payments.
3. Use funds to build your own home both through the involvement of contractors, and on their own. As for the latter case, at the initial stage of construction or reconstruction, the state allocates 50% of the amount. The family is entitled to receive the remaining half no earlier than after 6 months and only if supporting documents on construction costs are provided.

Recall that the amount of maternity capital can also be spent on the child's education (including its maintenance in a preschool educational institution), as well as on the mother's labor pension. Part of the funds (20,000 rubles) can be paid in a lump sum on the basis of a relevant application and directed to any needs of the family.

The main stages of mortgage repayment by maternity capital and their documentary support

We will consider the question of how to pay off a mortgage with maternity capital in more detail, dwelling on each of the stages of registration of this procedure.

If you, having received a certificate of maternity capital, have decided to return a mortgage loan, then the first thing you need to do is contact the bank. To do this, you will need an appropriate application, to which you should attach a set of documents:

• a document proving the identity of the debtor under the loan agreement (passport);
• certificate for the right to receive family capital.

Upon submission of correct documents, the representative of the bank will issue you a certificate with complete information about the loan. The loan statement will indicate the amount of principal and interest to be repaid under the loan agreement.

• identity document (passport);
• certificate for the right to receive family capital;
• certificate of ownership of housing, taken on a mortgage;
• an obligation to register housing in shared ownership after the loan is repaid;
• other documents (if any): power of attorney of the representative; a court decision recognizing your right to family capital; confirmation of adoption, etc.

The above documents must be accompanied by an appropriate application. You can get the form directly from the Pension Fund and fill it out according to the sample.

Consideration of the application

Representatives of the PF bodies accept documents according to the inventory, in return providing you with a receipt. An application for the use of maternity capital to pay off a mortgage is considered within 30 calendar days, after which you, as the applicant, must be informed in writing about the decision.

If you receive approval, then the document received from the PF should be transferred to the bank.

Based on information from the Pension Fund and upon receipt of funds, the bank may dispose of the funds in one of the following ways, depending on your decision:

1. Fully repay the debt (if the transferred amount is sufficient).
2. Reduce the amount of monthly payments (the mortgage term remains the same).
3. Reduce the term of debt repayment (the amount of payments remains unchanged).

If the amount of family capital is not enough to completely close the mortgage, then it is necessary to sign an additional agreement to the mortgage agreement, which will specify a new payment schedule with specified terms.

Upon payment of the entire amount of the debt and interest, you have the right to demand from the bank an appropriate certificate, which will indicate that the loan has been repaid.

We emphasize that when repaying a mortgage with maternity capital, special attention should be paid to the documents provided and received. If all the papers are prepared correctly and submitted on time, then the procedure for closing the debt will be resolved promptly and in your favor.

Use of maternity capital in banks

Mortgage repayment with family capital is one of the priority lending areas of the largest Russian banks. So Rosselkhozbank and VTB 24 offer customers loan programs that allow you to effectively use maternity capital funds. Among them, the possibility of acquiring ready-made or still under construction housing, as well as building your own home.

The opportunity to purchase an apartment or repay a housing loan with family capital is also offered by Sberbank, whose mortgage programs we will dwell on in more detail.

Mortgage programs of Sberbank

The advantages of credit lines using maternity capital at Sberbank are loyal interest rates, special conditions for participants in salary projects, and the complete absence of any commissions. Funds can be provided both in rubles and in foreign currency. The amount of maternity capital is credited as a down payment.

So how to pay off the mortgage with maternity capital in Sberbank? The repayment terms are similar to the mechanism described above. After obtaining permission from the Pension Fund, the funds are transferred directly to the current account indicating the number of the loan agreement opened with Sberbank and subject to repayment.

The practice of recent years shows that Sberbank clients using family capital in this way prefer to reduce the total debt repayment period without changing the amount of monthly payments.

It is important to know that when repaying a mortgage with maternity capital at Sberbank, the debtor is entitled to a tax deduction, which is 13% of the amount paid. To do this, you need to contact the tax authorities, having previously prepared an application, as well as filling out a 3-NDFL declaration. A certificate confirming the costs of acquiring real estate and a 2-NDFL certificate must also be attached to the package of documents.

As you can see, the procedure for paying off debt on a housing loan is quite simple, and the documents required for submission to specialized authorities are reduced to a minimum. This gives the right to assume that the number of families that will be able to improve their living conditions thanks to mortgages and family capital will increase every year.

Video: Sberbank and VTB 24 specialists talk about the intricacies of using maternity capital for a mortgage