Once you receive a certificate for maternity capital, it can be used for a mortgage under the state program. Only the child's mother can use the certificate. In rare cases, the right is transferred to the father. Such cases include:
deprivation of parental rights of the mother;
restriction of the mother's parental rights;
death of mother.
Maternity capital can be spent on a mortgage loan even if the singapore mobile database father becomes the borrower. In this case, the mother can be a co-borrower or not participate in the loan at all. By law, the child must have a share in the purchased housing. Since the apartment is owned by the bank during the loan repayment process, the share will need to be allocated after the debt is fully repaid.
In order for you to be able to use maternity capital, your housing must meet three conditions:
be located on the territory of the Russian Federation;
be fit for habitation (be in a non-emergency condition);
purchased from a seller who is not a close relative of the borrower.
To use maternity capital for the down payment, you just need to select a special item in the mortgage loan application. The bank itself will submit the application to the Social Fund, wait for a response, and then make a decision on the application.
The information in the article is current at the time of publication. Financial conditions may change. Please check the current data on the page of the product you are interested in. The Bank is not responsible for the use of outdated information.