Preferential rate on an apartment in the building

In April, the government has prepared the state program of preferential mortgage. Banks have already started accepting applications under the new program. To improve their living conditions is now possible with the rate to 6.5%.

Credit is granted at the conclusion of the contract of participation in share construction of the contract of assignment of rights of claim from legal.persons buying a home who has registered the right of ownership, the contract of purchase and sale with the Builder. The house, which gets an apartment must be built within the 214-FZ, attracting funds of shared construction participants.

To get a home loan at a reduced rate is possible until 1 November 2020. For St. Petersburg and Leningrad region, the allowable amount of credit – from 600 thousand to 8 million rubles. The borrower must contribute at least 20% of the property value as down payment. If private funds are insufficient, some banks may be used the maternity capital. Another condition of credit – a comprehensive insurance policy. Banks have the right to impose additional restrictions and make a decision on the loan based on the debt load and other factors.

Source bkn.ru