The Russian federal government has changed the parameters of state preferential mortgage lending programs. The Ministry of Finance of the Russian Federation announced this on Friday, December 15.
In particular, the initial payment on a preferential mortgage, which is issued at a rate of 8% per annum for the purchase of housing in new buildings, the construction of a private house or the purchase of land for its construction, increased from 20% to 30%.
The maximum amount of a mortgage loan that can be obtained under the Far Eastern and Arctic mortgage programs was raised from 6 to 9 million rubles.
When This means that the maximum size of a preferential mortgage loan under other programs for all regions, including capital cities, is now 6 million rubles.
Previously, Bank of Russia Chairman Elvira Nabiullina, after raising the rate to 16%, said that a non-addressed preferential mortgage program is necessary be completed, and the family mortgage program can be extended (currently valid until July 1, 2024), but with clarification of the parameters.
A number of representatives of the banking sector believe that the opportunity to buy an apartment or build your own house on preferential terms has acquired particular value in recently, when rates on basic lending programs have especially increased.