Not every citizen has the financial ability to buy their own home that meets all needs. Today the state offers various options for subsidizing mortgages. What these programs are, who is eligible to take advantage of the benefits and how to get them, you will learn from the article. *
Ways to Get Mortgage Subsidy
Non-repayable financial assistance from the state aimed at paying off part of a mortgage loan or for the initial payment is called a subsidy.
Russians can resort to the following government mortgage subsidy programs:
- Federal project "Affordable housing for a young family".
- State anti-crisis program to support the mortgage sector.
- Military mortgage.
- Regional program for providing families with housing.
- Support for young professionals.
- With the attraction of maternity capital funds.
The state provides subsidies to privileged categories of citizens in the following ways:
- Subsidizes part of the interest rate on the loan.
- Provides funds to reimburse the partial cost of mortgage housing.
Government mortgage subsidy
To expand the circle of borrowers and stimulate the construction industry, a mortgage subsidy program was adopted by Government Decree No. 220. She began to operate on March 1, 2015. The project provides for the reimbursement of lost profits to banks issuing mortgage loans from the following funds:
- anti-crisis fund;
- state project "Housing".
Borrowers receive at a preferential rate, but does not participate in settlements between the credit institution and the state. Subsidies are provided for the purchase of new or under construction apartments and houses. Participation in this program of the developer is allowed if:
- accreditation of the facility by the bank;
- sale of real estate on the terms of shared construction.
The conditions of the state mortgage program are as follows: 
- the loan amount depends on the region and ranges from 3 to 8 million rubles;
- maximum term - 362 months;
- fixed rate - 12% per annum;
- the size of the initial payment - 20% of the value of the property;
- annuity form of payments;
- obligatory registration of insurance of the borrower and real estate.
There are no special requirements for borrowers. For credit institutions, a minimum monthly loan portfolio limit of 300 million rubles has been set.
How to get a subsidy for a mortgage under the program "Affordable Housing for a Young Family"
This project is aimed at improving the living conditions of citizens and improving the demographic situation in the country. The validity period in the previous version ends at the end of 2015, but the Government has extended it until 2020. A preferential subsidy of 35% or more of the cost of housing is available to citizens of the Russian Federation:
- under the age of 35, married or single parents;
- living in conditions that do not comply with the norms of the Housing Code of the Russian Federation.
To receive a subsidy, you need:
- Submit an application to the municipal authorities with the attached documents:
- a certificate stating that you need to improve housing conditions;
- passport and birth certificates of children, marriage registration, divorce;
- income statement;
- a copy of the personal account;
- an extract from the house book;
- certificates confirming the presence or absence of property.
2. Wait for notification of the commission's decision (up to six months).
3. In case of a positive verdict, resubmit documents for obtaining a certificate.
4. Find out the requirements of the bank for real estate and find housing.
5. Receive a certificate and present it to the lender within 60 days.
The bank will open an account to receive the subsidy. You are allowed to send it for payment:
- down payment;
- part of the principal or interest.
Money to beneficiaries is given out strictly in the order of the queue, which is difficult to withstand. Every year it is necessary to re-collect the entire package of documents. If you do not submit fresh documents on time, you will be automatically deleted from the list. At the same time, the queue is constantly shifting, since families have an advantage: - large families with 3 or more children;
- living in dilapidated houses.
Since this program is quite large-scale, waiting in line can take several years. If one of the spouses reaches 36 years of age, then the family loses its young status and, accordingly, benefits. As a result, some families file for divorce and the younger spouse continues to wait in line with the children.
Military mortgage. Subsidies and the specifics of their provision
To improve housing conditions, they are entitled to a one-time social payment, which is provided in the form of a certificate. In accordance with Federal Law No. 76 "On the Status of Servicemen", the subsidy is issued in the order of the register of those in need of improvement in housing conditions.
The amount of payments depends on:
- general area standards;
- market price per square meter of housing;
- correction factors.
The housing subsidy provides for:
- buying real estate in any region of the Russian Federation;
- attraction of additional funds;
- independent choice of housing without restrictions;
- purchase of an object both in the secondary market and in a new building.
How to use a child subsidy in a mortgage
A certificate obtained at the birth of a second or subsequent children is also a subsidy. This document is available to use when applying for a mortgage loan:
The procedure for repaying a mortgage with maternity capital is as follows:
- A visit to the bank and obtaining certificates of the balance of debt, the purchase of an apartment and its registration as a pledge.
- Collecting the required package of documents.
- Submitting an application to the Pension Fund.
- Receiving notification of the decision of the commission.
- Transfer of maternity capital funds to a credit account.
- Submission of an application to a creditor for a debt.
- Repayment procedure and recalculation of the loan payment schedule by the bank.
- The government planned to provide mortgage subsidies to banks until 2016, but this program is anti-crisis. If the Central Bank lowers the refinancing rate to 8.5%, the benefits may be terminated early.
- In addition to receiving benefits under the "Young Family - Affordable Housing" program, spouses have the right to apply for an additional subsidy of 5% or more of the price of housing. It is paid by the constituent entity of the Russian Federation (republic, region, etc.). The amount of funding is determined by local governments.
- Do not confuse programs for young people from commercial banks and government social projects. If private financial institutions issue loans for the purpose of enrichment, then the state provides gratuitous financial assistance.
Most Russians solve their housing problems with help.
A long-term installment plan at a bank interest allows you to become an owner of a home almost immediately, but the monthly payment for 15-20 years is a heavy burden on the family. The lion's share in it is made up of bank markups: as a result, the borrower overpays for an apartment or house by 2-3 times.
To reduce the payment burden and help citizens find a roof over their heads, the state has offered the possibility of interest reimbursement. What is the essence of their conditions, whether mortgage subsidies will continue in 2019, we will consider below.
State initiative and legislative framework
For the population, the state program of 12 percent subsidies, launched in 2015, has become a popular anti-crisis measure of concessional housing loans.
But the state pursued another, no less important goal: to keep the primary real estate market “afloat”.
Help for developers
When at the end of 2014 the banks' mortgage rates rose sharply from 12 to 17-20%, people simply stopped taking out loans at prohibitive interest rates, and the “primary” was on the verge of collapse.
In March 2015 based on Government Decisions of March 13, 2015 No. 220 "On Approval of the Rules for Granting Subsidies from the Federal Budget to Credit Institutions to Reimburse Lost Incomes on Housing (Mortgage) Loans Issued" starts. Banks began to issue mortgages at rates up to 12 per annum, the difference was compensated by the state.
Subsidization was carried out until the end of 2016. The decision on further extension or closure of the program at the government level has not yet been made.
Social support programs
The regulatory framework for state support is presented targeted programs:
- Governor's programs "Young Family";
When providing assistance to the population in purchasing housing, government representatives and credit institutions are guided by federal laws in the field of social assistance, the Federal Law “On Mortgage”, and regional regulations.
State programs
Federal target program "Housing" contributes to the improvement of living conditions for a wide range of Russians. The initiator of the development and also the chief curator of the Program is the Government of the Russian Federation. The project provides for activities for 2010-2020.
Mortgage support for citizens provides two options:
Program "Housing for a Russian family"... Acts in addition to the state program "Provision of affordable and comfortable housing and utilities."
The main direction of the project is the construction of affordable economy class housing in the IZhS segment with the allocation of a land plot. It is planned to build more than 25 million "squares" of living space.
The target group of the population is young families, specialists in demanded professions, citizens aged 25-40 years.
The project is being implemented in 70 constituent entities of the Russian Federation. You can buy a house with a plot using your own funds or mortgage loans.
Mortgage program "Young family" for 2016 - 2020. Depending on the category of the family, the state subsidizes up to 30% of the cost of an apartment in a new building or construction / purchase of a private house. The subsidy is limited to a maximum amount of RUB 1 million for a family of four.
Requirements to applicants:
- age up to 35 years;
- need for housing;
- having a permanent income that allows you to pay the remaining cost.
The family can pay the missing amount from its own funds or arrange a mortgage in partner banks. VTB are the main participants in this program.
Governor's projects "Young Family" provide regional assistance to citizens in need of housing. The purpose is similar to the federal assistance program.
The main terms of assistance young families in the field include the following points:
- the age of applicants in most regions is set to 35;
- the maximum payment is 300-400 thousand rubles;
- the format of assistance is a certificate for the purchase of housing or subsidized interest on a housing loan.
You can find out about similar projects in the region of residence in municipalities and SZN departments... You also need to clarify the restrictions. In some regions, support in 2019 is possible in the absence of federal subsidies. 
Military mortgage or a certificate provides for the assistance of the state in providing housing for military personnel and citizens equated to this category:
- the employee must serve in the department in the positions of private / officer corps for at least 3 years;
- the certificates are provided by the intended purpose. In 2019, its maximum is 2,400,000 rubles;
- a mortgage for the military implies government subsidies of interest on the loan - the military pays the rate of 9.9%, the rest is reimbursed by the state.
The aforementioned support is also claimed by those who do not have their own housing or who need to improve their conditions. You can use support only once, and the military must decide between a certificate or a subsidy.
Mortgage using... One of the options for using maternity capital funds is to improve the living conditions of the family. Moreover, such a goal allows the use of the means of the certificate until the second child turns three years old.
The family enters into an agreement with the lender to pay off part of the mortgage or to pay the down payment with public funds. The FIU then transfers the required amount to the specified account.
A prerequisite for this method of acquiring real estate is the allocation of shares in the ownership of each family member within 6 months after the registration of housing.
Basic conditions of the programs
Since the official cancellation of Resolution No. 220 has not yet occurred, it is worth dwelling in more detail on the conditions for providing the population with state subsidies for mortgage loans:
There are no other restrictions and conditions. The problem is different: last year the government allocated for the state. subsidies are slightly over 20 billion rubles. This amount was not enough to meet demand, and banks had to introduce internal filters to reduce the number of applicants.
Innovations this year
In 2019, families in which a second or third baby will be born before December 31, 2022, will expect surprises from the state. In this case, we are talking not only about social subsidies, but also about the opportunity to take part in the mortgage program, according to which you can buy housing on credit at a significantly reduced interest rate. At 6.00% per annum, large families will be able to buy real estate on the following conditions:
- The program is put into effect by the Government Decree No. 1711 of 12/30/2017.
- Families who, after 01.01.2018, can count on a reduced rate. will be replenished with a second or third baby, as well as those who previously issued a mortgage, but after the birth in 2018, 2-3 children refinanced it. In the latter case, applicants must have a contract for life, health and accident insurance.
- The state will subsidize the loan of the family in which the second baby was born for three years. If a couple has a third baby, then state support will be provided to them for five years.
- The maximum amount of the mortgage for this program is 8,000,000 rubles. for residents of the capital, St. Petersburg, as well as the Leningrad region and Moscow region. Families from other Russian regions can count on no more than 3,000,000 rubles.
- When registering a mortgage, which is partially subsidized by the state, you will have to make an initial payment, the value of which can reach 20.00% of the value of the acquired property.
- Under the terms of the program, the purchased housing must be from the primary market only.
- Subsidies from the state will be received only by those borrowers who promptly make mandatory payments for the mortgage.
Other ways of obtaining concessional housing loans
Banks are interested in increasing the number of clients, therefore, they are developing their own mortgage products that are really attractive to the population:
- Sberbank offers home loan programs for young families, including. Annual rates range from 10.75 to 11.5%. Programs are offered for women who have given birth / adopted a second baby, for the purchase of finished or under construction housing.
- VTB 24 offers home loans with a rate of 11% and a minimum amount of 600 thousand rubles.
Almost every credit institution has government-backed home loan programs.
AHML - an opportunity to ease the "mortgage share"
Commercial structure with state participation AHML (Agency for Housing Mortgage Lending) is not directly involved in the registration of a mortgage with subsidies. The organization cooperates with partner banks, where a citizen can apply.
In times of crisis, it was AHML that took over the lion's share of the work on restructuring the debts of mortgage borrowers, and other categories of borrowers as well. The program of state support for problem "mortgages" through the AHML was so successful that in January 2017, with the changed conditions, it lasted until 03/01/17.
The results of the application of the “crisis” program to support the Russian real estate market look more than encouraging: the number of mortgage borrowers in 2018 increased by 50%, construction is underway, people are moving into new apartments. But she has exhausted herself. Time and economic situation will show whether a new form of large-scale subsidizing will replace it.
For a description of the programs for the provision of preferential mortgage lending, see the following video:
Interest rates on mortgage loans at the end of 2016 remained quite high. That is why the number of purchased residential premises in the primary market was slightly lower than predicted by banks and credit institutions a couple of years ago.
In order to help citizens with the acquisition of property through a mortgage loan of apartments, the state launched a program called "Housing". It will be relevant until 2020.
general information
Military mortgage or military housing certificate
This measure of social support implies the allocation of funds for the purchase of residential premises by military personnel. Including those who are already retired by seniority.
Funds are provided exclusively in the form of a certificate, which can only be spent on the target type - for the acquisition of residential premises into ownership.
A military mortgage is provided on preferential terms to servicemen whose service life exceeds 3 calendar years. At the end of 2018, the interest rate under the military mortgage program is from 9% per annum (Gazprombank), Sberbank - 9.5%, VTB - 9.3%.
The monthly mortgage payments under this program are paid by FGKU Rosvoenipoteka. Funds from the state go to the personal account of the military in the accumulation and mortgage system. In 2020, the size of the monthly payment that the state can pay for a participant in the program is 23,334.14 rubles. Of course, the amount of the monthly payment may be higher, in which case the program participant pays the missing amount.
Participation in the program for obtaining a housing certificate excludes the possibility of participating in preferential mortgage lending. In fact, the state helps the military to acquire residential premises, but only according to one of the existing options.
A military mortgage cannot be issued without a down payment. At the moment, on average, it is from 20%. As an initial contribution, funds accumulated on the personal account of the military in the accumulative mortgage system can be used. In 2020, the maximum loan amount under such a program is 3,000,000 rubles, if the purchased property is more expensive, you can use your personal savings.
"Mother" mortgage
In practice, it looks something like this: a woman or a man draws up a loan of a target type, prescribing in the contract that the amount will be repaid by a certificate. After the conclusion of the loan agreement, the family will have to apply to the Pension Fund or a multifunctional center to manage the maternity capital. If at the time of registration of the mortgage the family did not yet have the right to maternity capital, then they will be able to repay the debt at any time after receiving it.
A prerequisite for such lending is the allocation of shares in the ownership of all family members. At the same time, the state admits that such an allocation can be carried out not immediately, but within six months.
Mortgage for a young family
Subsidizing a mortgage from the state in this program is a payment to a young family to acquire ownership of a dwelling. However, state aid has a significant drawback - the maximum amount that a family can receive is 1 million rubles. The young family must find the remaining funds when purchasing housing on their own. Including through registration of a mortgage loan.
How it works in practice
A young family of four acquires an apartment worth 3.5 million rubles. The state subsidizes 1 million rubles for the purchase of an apartment, and the family looks for the rest of the amount on their own or gets it through a mortgage at the bank.
In this case, the amount that is required to "borrow" will be 2.5 million rubles or less if the spouses have their own funds on the balance sheet. In addition, a number of requirements are imposed on a young family, such as age at the time of receiving the subsidy, the number of square meters per person.
In 2019, a preferential mortgage was approved at 2% per annum for young families in the Far East, including single parents under 35 years old. A loan for a period of up to 20 years can be issued once for a total amount of up to 6 million rubles. in the period from 1.12.2019 to 2024
Governor's programs to help young families
Each region independently establishes ways to help different segments of the population. For example, young families in many regions can count on support from regional authorities in acquiring ownership of dwellings.
At the same time, each region independently decides what kind of assistance it will be - a certificate for a specific amount (usually no more than 300-350 thousand rubles) or subsidizing a mortgage. That is, a decrease in the interest rate when borrowing from a bank.
Before counting on help, you must contact your local administration for your place of residence to familiarize yourself with the current assistance programs.
Example of regional assistance
As part of the financial state aid “Housing for Young Families 2015-2020” in the Penza Region, young families who have a child in the first 12 months of marriage are given a choice: receive a lump sum or participate in the program itself for obtaining a certificate for the purchase of housing.
As practice shows, participation in the program makes it possible to receive from the regional authorities about 300 thousand rubles to buy a house or apartment or improve existing housing conditions.
At the same time, the allocation of funds occurs on time, according to the priority, after the receipt of finance in the regional budget.
Affordable housing for a Russian family
In the framework of the state program "Provision of affordable and comfortable housing and utilities", families can count on state assistance, which consists in the construction of residential buildings of the middle economic class.
For example, families of doctors who work in rural areas and need to acquire ownership of residential premises are involved.
The state allocates funds for the construction of residential buildings with the purchase of land under them, and then these houses are distributed among the program participants.
In some regions, under this program, young families receive ownership of economy-class residential buildings, provided that they meet all the requirements.
In order to find out about the full conditions of housing assistance in the region, you need to contact the USZN at your place of residence or the local administration.
Last changes
In 2017, the program was suspended. This is due to the decrease in mortgage rates to 10%. It was decided to stop state support, as the demand in the mortgage market is quite high. The central bank's rate cut also played a key role.
According to experts, mortgage rates will continue to decline in 2018.
In December 2017, the President of the Russian Federation instructed the Government of the Russian Federation to develop by the end of this year a program and relevant documents on state subsidies for mortgages for families with 2 or more children born in 2018.
In 2018, a new preferential loan program for families with children was launched. It's about families where from 01 January 2018 to 31 December 2022 born 2- 1st or 3rd child.
A preferential 6% rate is valid for the first 3 years for families who have a 2nd child, or for the first 5 years in case of a 3rd child. At the end of the grace period, the interest rate was set at 9.75%. In April 2019, a decree of the Government of the Russian Federation was adopted, changing the rules for issuing preferential mortgages. Now the grace period (rate 6% per annum) applies to the entire term of the loan agreement. And for residents of the Far Eastern Federal District, the rate will be 5% and they will be able to purchase housing for borrowed funds in the primary and secondary real estate market, if it is located in a rural area.
State subsidies for mortgages will continue in 2016. The government came to such a decision after evaluating the effectiveness of this measure.
Against the backdrop of permanent economic instability and the failure of the mortgage market, the government decided to extend the mortgage subsidy program before January 1, 2017- On February 29, Resolution 150 was signed, which regulates exactly this date for the end of state support.
Due to the extension, budget expenditures increased by 300 billion rubles and amounted to 1 trillion rubles.
The main provisions of support for the mortgage sector under this program have not changed:
- citizens are invited to purchase housing exclusively on the primary market;
- the first installment cannot be less than 20% of the cost of housing;
- the maximum loan term is 30 years;
- maximum loan amount: 8 million rubles (Moscow, Moscow region and St. Petersburg), 3 million rubles (other Russian regions);
- the maximum lending rate is 12%.
In the summer of 2015, banks lowered interest rates, offering 13.5% on mortgage loans without government support. But this measure, apparently, did not live up to expectations - there were no queues of those wishing to borrow money at 13.5%, and the mortgage market in total decreased by 2% over the past year. The excitement could arise if the state decided to "freeze" its support, but since the mortgage subsidy program has been extended, many citizens seeking to improve their living conditions will want to take out a loan on its preferential terms.
True, many would like to take a loan on concessional terms, but the amount issued is not enough for the purchase of housing. The government is actively discussing the issue of increasing the limit on the maximum loan amount. Another most common reason that does not allow using a banking product is the lack of the required initial payment.
In one of the latest interviews for RIA Novosti, the country's chief financier Anton Siluanov expressed confidence that the cost of mortgage products in 2017 will decrease even without third-party support. At the same time, he highly appreciated the effectiveness of state subsidies, recalling that such a measure made it possible to issue a record number of loans last year and build a record number of objects with a total area of 85 million square meters.
The government is also considering other options to support mortgage borrowers. So, the possibility of "forgiving" part of the debt at the birth of a child is being discussed. It is assumed that the birth of each subsequent child will automatically reduce the debt at the expense of public funds.
The program participants who can issue preferential loans are currently:
- financial credit institutions (banks);
- housing mortgage lending agency;
- housing construction cooperatives.
The recent inclusion of housing cooperatives in this list now allows people to buy apartments directly from construction companies that offer better prices per square meter. At the moment, the share of developers in the long-term targeted lending market is 10%, and the provision of the opportunity to issue loans will directly increase the number of players in the market up to 50%.
Steps to subsidize mortgages in 2016, the extension of the terms and the expansion of the list of those who can provide loans, have a favorable effect on both end consumers, who may not abandon plans to resolve the housing issue, and on the construction industry, which will manage to survive the crisis “without bloodshed” ... According to the rating agency Fitch, the preferential mortgage program will reduce the economic risks of developers, especially those who specialize in the construction of mass housing.
The increase in mortgage rates and the instability in the economy have seriously affected the situation in the mortgage market. The government decided to further stimulate buyers of new real estate and thereby support the builders. A government-supported housing loan program for 2015-2016 was approved. The program started in March of this year and will last until March 1 of next year. We will talk about the conditions under which the state mortgage will be issued in 2016 and who will be able to get it.
The essence of the program
Since this initiative has several goals at once, it has a number of limitations. With the help of state preferences, you can only purchase new housing and only from the developer. It is impossible to buy a new apartment from an individual, as well as to buy housing on the secondary real estate market. At the same time, it is allowed to buy apartments in houses under construction. The essence of the state program for subsidizing mortgages in 2015-2016 is to reduce the interest rate on a home loan to 12%.
In order for the bank to painlessly issue mortgages in domestic currency at 12%, the state allocates a certain amount of subsidies to it. Such large financial and credit structures as Sberbank, VTB24, Gazprombank, Bank of Moscow, Rosselkhozbank, Otkritie Bank and others take part in the program. Real estate can only be bought from builders who are accredited by the bank. According to Maria Mikheeva, deputy chairman of the North Caucasian branch of Sberbank, this helps to reduce the risk of borrowers to become victims of construction swindlers, and guarantees the bank a liquid collateral.
Mortgage conditions with state support for 2016
Next year, the conditions for granting a mortgage loan will not differ from those in force now. It should be noted that uniform rules for issuing such loans were established for all banks. In particular, a loan can be obtained on the following conditions:
- initial payment - from 20%;
- the maximum loan period is 30 years;
- maximum loan amount - 8 million rubles. for the capital, region and St. Petersburg and 3 million rubles. for other regions;
- interest rate - about 12% (may be less depending on the offer of a particular bank).
A potential borrower should be prepared for the fact that the lowest interest rate is provided only to those who will insure not only the collateral object, but also their own life, as well as the ability to work. In addition, for example, in Sberbank, a mortgage with state support in 2016 is not combined with other offers and shares of the bank. For repayment of this loan can not even be used.
Offers from different banks
Offered by various banks. It should be noted here that some financial institutions refuse to provide such a loan product. This is due to the minimum interest rates, which do not allow banking organizations to expect to receive good profits. Below are the current offers for clients from various lenders.
- Svyaz-Bank. A home purchase loan is provided in rubles. Initially, the borrower must pay an amount of 20 to 90% of the total value of the property. The maximum maturity date cannot exceed 362 months. A mortgage loan in the amount of 3 or 8 million rubles (for residents of the capital or St. Petersburg) is provided at 12%.
- Sberbank. Money is provided for the purchase of finished or under construction housing at 12%. The maximum maturity date must not exceed 30 years. As an additional cost when applying for a loan from a client of a financial institution, a certain amount may be charged for carrying out appraisal activities. Property insurance is also one of the prerequisites for a loan.
- VTB 24. The value of the interest rate in this case is kept at the level of 12%. Immediately upon concluding the contract, the borrower must pay an amount equal to 20% of the total cost of housing. The maximum amount that a potential borrower can count on does not exceed 8 million rubles. When completing all the documentation from the client of the financial institution, no additional fees are charged.
- Transcapitalbank. In this case, the mortgage can be issued upon the provision of only two documents. Cash in the amount of up to 8 million rubles can be obtained at 10.9%, which the borrower undertakes to return after 25 years. The received amount can be used to buy new or secondary housing. It should be noted that only those borrowers whose age at the time of full repayment of credit debt does not exceed 75 years can count on receiving a loan.
- Raiffeisenbank. The maximum possible amount in this case varies from 3 to 8 million rubles. The period of repayment of credit debt is limited to 25 years, and the interest rate is kept at the level of 11%. The amount of the down payment can range from 20 to 50%.
Who can count on government assistance for mortgages in 2016?
Any potential borrowers, whose candidates will meet the requirements of banks, will be able to receive a special loan. The only exceptions are participants in the "Housing" federal program, which is being implemented by AHML. In accordance with its terms, in addition to a preferential interest rate, potential borrowers will have the opportunity to buy housing at a reduced price, which will be about 20% less than the average prices for similar properties on the market. However, this will only be available to certain categories of citizens.
To qualify for the allocation of a soft loan on general terms, you must submit the appropriate package of documents to the selected bank. Each lender will have his own list of required papers. It should be borne in mind that the amount of subsidies is limited, in particular, about 400 billion rubles have been allocated for the entire program, which will be evenly distributed among the banks participating in the program, depending on the implementation of the mortgage loan plan set by the Ministry of Finance.
In addition, the Government laid down in the program a condition that if the Central Bank of the Russian Federation lowers the key rate to 9.5% per annum, then subsidies will be completely stopped, since banks will be able to issue housing loans at 12% on their own.