It is not as difficult as it seems at first glance to collect documents to pay off a mortgage with maternity capital, if you follow the correct algorithm of actions. The first step is to collect a set of necessary papers. The second step includes the procedure for filling out an application to the Pension Fund with a request to transfer MSC funds to a mortgage account. The third step is interaction with the bank as soon as the Pension Fund approves the application. At any step you will have to deal with some subtleties and nuances.

Obtaining a certificate from the MFC

Before submitting documents to use maternity capital to pay off a mortgage, you must keep in mind that the main component in this matter is the MSK certificate itself. If it is not received, you need to prepare a set of papers and contact the MFC. Now the institution has become convenient in that it provides many services based on the principle of solving all the problems of the population through a single window. You can visit the MFC by electronic appointment, or without an appointment, in the order of priority.

The following Russian citizens can count on receiving MSK:

1. A mother who has two or more children born after January 1, 2007.
2. Father as the only legal parent of the second or next child.
3. The child has the opportunity to receive a document also in his own name if both parents have lost this right. If the child is under 18 years old, registration takes place through an official representative.

A list of documents for repaying the mortgage with maternity capital is attached to the application. ():

• Russian passport;
• SNILS insurance number;
• information about the birth of existing children;
• documents confirming the fact of adoption, if one or all children are adopted;
• certificate of temporary registration if there is no permanent place of residence;
• when applying by a personal representative instead of a legal applicant, notarized personal data of this person is required;
• other documents if personal data has been changed.

When registering MSC by another person, if the mother does not have the right to register (in case of sudden death, prohibition from raising children, committing illegal actions against her own children), then taking into account such situations, the list of documents for disposing of maternity capital for mortgage repayment should be supplemented.

Documents for the pension fund

In order to sell MK's funds, the pension fund will need a number of papers in order to obtain permission to transfer funds to pay off the mortgage.

List of documents to be submitted to the Pension Fund:

• passport of a citizen of the Russian Federation;
• certificate for receiving maternal capital;
• details of the organization in which the housing loan agreement was opened;
• a certificate from the bank about existing debt obligations under the mortgage loan agreement;
• contract for the purchase and sale of residential property (acquired living space);
• an application for the transfer of state support funds to pay off the debt on a housing loan;
• an obligation that after paying off mortgage debts, the borrower registers the housing as shared ownership. It must be notarized.

The maximum period for consideration of an application is one month . After a positive answer, the bank must be notified of the pension fund’s decision. The money will be credited to the bank within two months.

Information to be provided

The application is filled out at the territorial office of the Pension Fund and must contain the following data:

1. The applicant's full name, date of birth and status;
2. certificate number and name of the organization that issued it;
3. passport of a citizen of the Russian Federation;
4. registration address;
5. date of birth of the child;
6. the amount of maternity capital required for transfer under the housing loan agreement;
7. information about previously spent funds. capital;
8. whether the applicant has been deprived of parental rights;
9. list of attached documents;
10. date of filing and signature of the applicant.

The application form can be downloaded here or on the Pension Fund website, and you can also fill out the form when applying to the pension fund.

Procedure for consideration

Actions to be taken:

1. First, you need to notify the credit institution that you want to pay for the mortgage agreement using maternity capital.
2. The bank will issue you a certificate about the debt on the loan at the time of issue of the document, about the interest under the agreement and documents establishing your right to housing purchased with a mortgage.
3. Next, you need to obtain consent from the Pension Fund of the Russian Federation to pay for the mat. capital of debt to the bank.
4. Within 30 days from the date of submission of documents, the Pension Fund must make a decision.
5. If the decision is positive, the certificate funds are transferred to the bank. It will take two months.
6. If the decision is negative, you can appeal it. To do this you need to go to court.
7. Afterwards, an application is submitted for early repayment of the housing loan agreement at the expense of the mother. capital to the bank.

Read also: Using maternity capital up to 3 years

If the mortgage agreement is not fully closed, the bank issues the borrower a new payment schedule for the amount remaining to be paid.

When they can refuse

There is a list of reasons why you can be denied the use of maternity capital to repay a mortgage agreement:

• not all necessary documents have been submitted;
• errors were made when drawing up the application;
• the applicant has committed a criminal act against a child;
• the applicant is deprived of parental rights to a child whose birth led to the refusal to receive a certificate.

Repayment of a mortgage using maternity capital is possible only if the family’s living conditions are improved. This could be an expansion of space, the purchase of a new home, construction or reconstruction.

Bank warning about early cancellation of MSK

Having decided to send the documents necessary to pay off the mortgage with maternity capital to the Pension Fund of the Russian Federation, you must first notify the bank of your plans and request information from it about the remaining amount of borrowed money. This service is usually not provided remotely, so you will have to visit the financial institution in person, taking your passport and MSK.

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A bank employee prepares a statement (certificate from the bank for maternity capital), which contains information about the remaining funds on the mortgage loan. It is also important to carefully check the payment details of the bank where the MSC funds will be transferred. Registration of such certificates takes on average one or two days.

There is an important point that allows you to quickly and without fuss repay a mortgage with maternity capital - documents collected in full, containing up-to-date and reliable information about the applicant.

Application to the bank for early repayment of the mortgage with maternal capital

Application for a certificate from the bank for the Pension Fund of Russia

Drawing up an obligation in a notary organization

The package of documents for repaying the mortgage with maternal capital is supplemented by another important document if the apartment is registered without the participation of the second spouse and their children. The owner must certify with a notary an undertaking that he will allocate shares to all children within six months after the closure of the mortgage and the removal of the encumbrance. This point is established by law - MSC money must be used exclusively for the child.

The size of the allocated shares for children is determined by agreement (). But the minimum share of all children should not be less than the cost of MSC. For example, in a situation where an apartment was purchased with a mortgage worth 2 million rubles. If there are two children, the owner will be required to allocate a minimum share of 11⁄200 for each child.

To whom should the mortgage be issued?

When a family receives a certificate, state funds can be used to repay the mortgage issued to the wife or husband ahead of schedule. The main condition is legal marriage. It does not matter whether the loan was issued during marriage or before its registration.

Before using maternity capital money, the borrower prepares an obligation with a notary to allocate shares to all family members. Regardless of which of the spouses and when they entered into a deal to purchase housing, after it is removed from the bank’s collateral, each child and parent/adoptive parent will own a share. An exception are children from the husband's first marriage who were not adopted before marriage (Federal Law 256 of December 29, 2006, Art. 3, Clause 2).

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If the obligation is not fulfilled, subsequent transactions with the apartment may be declared invalid. If a violation is detected by the pension fund, it can withdraw the maternity capital funds back.

The procedure for accepting papers at a pension institution

It does not matter at what stage of payments the documents are sent to the Pension Fund for the sale of maternity capital for a mortgage (). This can be done at any time at your personal request. They can pay part of the loan or the whole if the remaining amount is equal to the size of the capital. It indicates where the certificate holder sends the funds allocated by the state.

At the same time, you can submit documents to repay part of the mortgage with maternity capital in several ways:

1. Deposit as initial money. It is important to carefully check the terms of the loan, as some banks often increase interest.
2. Contribute the amount towards the payment of the underlying debt. In this situation, the bank recalculates interest on the remaining amount of the mortgage loan. At the same time, you can choose the payment option that is most convenient for you: leave the monthly payment amount the same, but significantly reduce the mortgage payment term, or vice versa, reduce the monthly payments and leave the original term.
3. Pay accrued interest on the mortgage agreement. Has little benefit to the borrower. Although monthly payments are reduced due to payment of part of the accrued interest amount, the principal debt remains the same.

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The following documents are provided to the Pension Fund for repayment of a mortgage with maternity capital:

• passport of the owner of the MSK, as well as all participants in the mortgage transaction;
• insurance SNILS;
• MSK certificate;
• marriage certificate;
• a loan agreement with all the seals and signatures of the bank (if the loan was refinanced, then this agreement will also be required);
• a certificate from the bank about the remaining debt on the real estate loan;
• purchase agreement with registration in Rosreestr;
• paper received from the Unified State Register of Real Estate confirming ownership of the apartment;
• a document obliging the owner to allocate shares to his children within six months after paying off the mortgage (obligation).

After drawing up the application, the Pension Fund is required to issue a receipt with a list of submitted documents (). The next step is to wait for a decision. The response is sent by mail, and an email is also sent via the government services website. If the answer is positive, MSC funds will be transferred. The certificate itself remains in the Pension Fund of Russia, is sewn into the applicant’s personal file and stored in the archive until the end of time, after which it is destroyed.

In Russian regions, it is possible to submit documents to pay off a mortgage with maternity capital at the MFC. At the same time, the requirements remain the same as in a pension organization.

Methods of repaying a mortgage with maternity capital

Citizens have the right to use the certificate when purchasing living space. This process is regulated by Decree of the Government of the Russian Federation No. 862 of December 12, 2007. MK money can be invested not only in purchases under a purchase and sale agreement, but also in the construction or purchase of housing on credit, under a mortgage agreement. This right can be used by a family with two or more children. To protect the rights of this category of citizens, legislation obligated banks providing these loans to accept maternity capital as repayment of loan debt.

There are several options to pay off your mortgage:

1. Make a down payment on the loan. Some banks do not provide this opportunity, perceiving this method of payment as an indicator of the client’s insolvency. For the borrower, this method is disadvantageous because the interest rate is usually high, even if the loan term is short.
2. Pay off the principal portion of the loan. Perhaps the most profitable option. It is often used in practice. In this method, the amount of the principal debt is reduced and the bank charges interest on the remaining balance, so the amount of overpayment on the loan will be much less than initially.
3. You can pay interest on your mortgage. This method is not so common and is mainly beneficial to the bank. This option is used in cases where the borrower decides not to close the loan agreement ahead of schedule; only with this option is it beneficial to the borrower. After paying off the interest, the client will only have to pay the principal part of the debt, which will radically reduce the monthly payment. You can also pay more, which will allow you to close the loan in a shorter time.

If the certificate is used to pay off a mortgage, certain conditions must be met. The main conditions for repaying a loan with family capital are:

• housing only on the territory of the Russian Federation;
• the capital must be used as a down payment on the mortgage;
• payment of interest on the loan with matkapital;
• payment of the principal debt under the loan agreement;
• By purchasing living space as a property, the borrower thereby improves living conditions.

Not all credit organizations provide the opportunity to use a certificate to pay for a home loan. Although many banks provide for such a procedure, and all the necessary requirements for this have been created.

The certificate for MK funds does not have a specific period, which means it can be used when necessary. But if you want to pay it as a down payment on a mortgage, then you need to wait until the child reaches three years of age.

It is worth knowing that the funds allocated by the state. program, can be used even when the person to whom the capital is registered has lost the rights to it. For example, he died. Then the other spouse or another legal representative of the child can use the MK money. To do this, you need to add a marriage certificate or a notarized power of attorney to your application to the Pension Fund. The child himself can also use the certificate, but only when he turns 23 years old.

Read also: Increasing maternity capital to 616 thousand rubles

You can use family capital to pay off an existing housing loan at any time after receiving the certificate. In the event of premature closure of a housing loan agreement, the borrower has the right to request the bank to recalculate the interest and return insurance premiums that have been paid but not used.

It is prohibited to use capital funds to pay penalties applied on a mortgage loan.

Receiving a document from the bank after using state support funds

Next, as soon as the money from the MSK account has been transferred to the lender, the mortgage is recalculated. If the mortgage is not repaid in full, the client will be provided with an amended payment schedule.

If it was closed completely, then it is very important to receive a certificate confirming that the client has fulfilled his debt obligations. This document is issued by the bank after the mortgage is repaid. It will serve as confirmation that the former lender has no claims against the borrower.

Important to know: What to do with the mortgage after paying off the mortgage

Procedure for using regional MSC

In addition to the Federal MSK, all Russian regions have their own project to support families with children. In another way it can be called regional or regional capital. Local payments are usually assigned when parents have a third child; they differ from federal support in the principles of payments and use. Their scope varies depending on the specific region and policies.

In some regions, local subsidies, as well as state capital, are allowed to be invested in updating living conditions.

In this case, collecting a package of papers will be approximately the same as the federal program.

After purchasing the certificate itself (and it is not issued in all regions), the applicant is sent to the social services department. protection with documents for repaying the mortgage with regional maternity capital:

• loan agreement;
• statement of remaining debt;
• confirmation of ownership of the purchased apartment;
• a signed obligation drawn up by a notary about the allocation of shares to one’s own children.

In a particular region, the list of documents for paying off a mortgage with maternity capital differs slightly. Information must first be clarified with the institution involved in processing payments.

Many people are concerned with the question of what is the permissible amount of the balance of federal maternity capital to receive regional capital. It is important to note that this issue should be clarified with the social protection department of your area, because, for example, in our region, regional capital can be used only after the federal capital has been fully used, and the allowable balance cannot exceed 5,000 rubles. On social media protection is additionally provided with a certificate from the Pension Fund of the Russian Federation on the balance of federal capital.

We use it as a down payment

Young families often cannot get a mortgage because they require a down payment to obtain one. The bank usually requires from 10% to 30% of the loan amount. That's a lot. In this case, maternity capital can help out. Its use as an initial deposit is allowed by the same banks that accept repayment of debt or interest with the same finances.

Look at the same topic: What is a mortgage on an apartment with a VTB 24 mortgage?

Possible options for attracting MK to pay the initial deposit to obtain a mortgage:

• Use only maternity capital funds if the certificate is issued for an amount equal to or exceeding the minimum initial contribution.
• Using your own finances and money for the certificate if MK funds are not enough to make the minimum allowed contribution.
• Use of a part of the MK, if its size is not lower than the amount required for the initial deposit. In this case, the remaining finances can be used in other areas.

Sometimes the money received for MK is enough to pay for the cost of an entire home. Then, when applying for a mortgage, the initial deposit can be equal to 100% of the loan amount. Interest will be accrued only for the time until the funds are transferred to the bank account.