Nowadays state policy has a social orientation. It is reflected in many legislative changes. Many favorable changes have taken place about the acquisition of real estate.
Today, mortgage lending occupies an important place in people's lives. The ability to buy real estate without credit is almost impossible because of the high cost. The banks respond to ongoing changes and develop within the framework of the state policy. So, now the banks embody many state mortgage support programs.
For young families there is an opportunity to get benefits applying for a mortgage. For example, a reduced down payment or a reduced rate. This category fits a family in which the age of at least one of the spouses does not exceed 35 years. An incomplete family consisting of one parent and child, if the age of the parent does not exceed 35 years, also suitable.
Families with two children can apply for a mortgage without down payment. The maternal family capital will be this payment.
The most popular today is the mortgage with state support for families with children. The families will be able to get a mortgage loan at a rate of 4.7% per annum (rate of Rosselkhozbank JSC). The family fits the program if in it the second or next baby will be born between January 1, 2018 and December 31, 2022. One more condition is the purpose of the loan - the purchase of an apartment from the developer.
A special mortgage lending program is being implemented for military personnel. It is necessary that the borrower is a member of the accumulative-mortgage system. When participating in this program, the state will pay for the serviceman while he is serving in the army.
The involvement of the banks in government programs has an impact on improving people's well-being. The motivation of the banks to take part in support programs is an integral part of the success of these programs. The government programs should affect the interests of both the participants and the banks.