How to make a mortgage young family

Not every family can afford to live in his own apartment, especially for young couples who have recently issued their relations. Some rented housing, others live with parents, but there are those who make a decision to issue a mortgage.

Many banks offer mortgage lending programs for young families (in Sberbank, for example, a program " Young family"). To make a mortgage, it is necessary to meet the requirements of the bank to borrowers:

marriage between spouses is officially decorated;
age of one of the spouses - up to 35 years;
the husband should have a document on the passage of service in the army (or liberation from the call);
the presence of official stable income.

The maximum possible amount of the loan depends on the income of the borrower (one can also take into account the income of the second spouse, parents, making them as co-coaches). You can use credit calculator and calculate an approximate payment based on general lending conditions. The conditions on which loans are provided to young families are rather loyal:

loan period - up to 30 years;
subject to the presence of a child is possible to delay the repayment of the principal debt;
the initial contribution is from 10% of the cost of housing (in this capacity may be maternity capital);
interest rate 11-15% per annum (depends on the size of the initial contribution, the readiness of the acquired housing, the loan term).

During the preliminary consultation in the bank you will tell you which documents must be provided to execute the application for credit. Standard package of documents includes:

application form for a loan;
a copy of the passport of the borrower and co-coaches;
a copy of the workbook of all participants in the transaction from the borrower;
certificate of income of all persons whose income is taken into account when determining the loan amount;
a document confirming the availability of own funds for the initial contribution (account statement, certificate);
documents at housing.

On our site you can download these documents:

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There is also a special federal assistance program. To improve its living conditions, it is necessary to become a queue for the provision of social assistance, which is 30% of the cost of housing. Each family member can be provided for 18 sq.m. Square, so families with children can count on a larger member of the apartment. The only one, when determining the possibility of family, repay the loan will be taken into account only by the official income of the spouses. Also, consider if the family has already has its own real estate, it will not be able to queue on a federal assistance program. You can get acquainted with the detailed conditions of the "Young Family" program on the site molodaja-semja.ru..

After applying for a mortgage application, you will only have to wait for the solution from the bank. If all the data is correct, you have a good credit history, a normal monthly income, then you can expect a positive outcome of the case.