Preferential mortgage for a single mother: conditions and whether they can give it in 2021

On what terms is a mortgage granted for a single mother from Sberbank or other financial institutions? Can they give money to a mother with two or three children?

Single status is confirmed by certificate No. 25 (you can get it at the registry office). After confirmation, a woman may have access to a social mortgage from Sberbank; the federal Housing program (and its “Young Family” subprogram), as well as many others.

Single mothers can take advantage of the Sberbank “Young Family” loan program. The maximum loan amount can be up to 80% of the value of the property.

Confirmation of single mother status

National legislation does not contain a definition of the concept of “single mother” (“single mother”). The term “single parent” can be found in a number of acts:

• Family Code of the Russian Federation;
• Federal Law “On State benefits for citizens with children";
• Federal Law “On Civil Status Acts”;
• Fast. Plenum of the Supreme Court of the Russian Federation No. 1 of January 28, 2014 (clause 28) “On the application of legislation regulating the labor of women, as well as persons with family responsibilities and minors” (it contains the concept, but it applies only to legal relations in the field of labor rights).

A study of the legislation allows us to assert that a single mother is a woman who has received a certificate of form No. 25 from the registry office (the document confirms the status).

A certificate is issued if:

• when registering the child, the mother did not provide a marriage certificate between the parents (and there is no indication of paternity);
• there is no declaration of recognition of paternity on a voluntary basis;
• There is no court decision to establish paternity.

Also, the status of a single mother is obtained by a woman who adopted a child, but was not officially married.

It turns out that only the formal (legal) aspect matters – the lack of documents confirming paternity. In this case, a man can:

• live with the child in the same apartment;
• support a family;
• show care and material support.

A woman does not lose her status as a single mother even after marriage (the exception is the situation when the “new husband” adopts a child).

When we have clarified all the nuances with the status, it is necessary to find an answer to the question: “Are mortgages given to single mothers?”

How to increase?

Of course, official income is the main indicator of solvency for any bank. The status of the borrower plays a secondary role. A single mother who receives a high salary even has advantages over other clients, since her chances of losing her job without her desire are very low. The state protects the interests of this category of citizens in the field of labor law.

Factors that will help increase the chance of getting a mortgage loan approved are standard:

1. availability of highly liquid valuable property: car, garage, cottage, jewelry;
2. providing a guarantee;
3. making the maximum possible amount as a down payment, this could be maternity capital or state subsidies, as well as personal savings.

The presence of a positive credit history in the Russian financial system and in a particular bank will be an important fact when making a decision by the credit commission.

Are mortgages given to single mothers at Sberbank or other banks?

Yes, you can receive funds to purchase real estate in the general manner or take advantage of one of the preferential government programs (if you confirm your status):

1. "Young Family" program. Persons no older than 35 years of age participate when purchasing real estate on the “primary” basis. The program operates in a number of regions, and the essence comes down to the fact that the state allocates funds from the budget for the initial payment. The borrower can qualify for a grace period with a reduced interest rate (at the birth of a second child - 3 years, and at the birth of a third - 5 years).
2. “Mortgage plus maternity capital” program. Funds received as part of the mat. capital can be used to pay off the down payment, as well as to pay off debt (full or partial). Of course, the bank will ask about the certificate.
3. Purchasing housing from a developer working directly with a bank (for example, Sber). The borrower must buy real estate as a primary buyer. But the choice of objects for which the rate has been reduced is limited.
4. Use of social regional programs. But their conditions depend on the specific locality.

When the issue of the possibility of receiving funds has been resolved, it remains to deal with the conditions and requirements. How can a single mother get a preferential mortgage and what documents should she provide?

Availability of advantages

Single mothers are not entitled to free housing.
They can be used if a woman belongs to low-income or large families, subject to the need for improved housing conditions in accordance with the legislation of the Russian Federation. Help is available in other directions. The solution to this issue is left to the local authorities.

There are various options for benefits for single mothers:

• projects to assist families with the status of young, low-income families;
• being on the general waiting list for an apartment due to the need for improved living conditions;
• the use of mortgage programs with additional assistance from the state or bank that services the loan.

The local administration informs about housing programs for single mothers.

Applying for a mortgage for a single mother: rules, requirements, conditions

The key requirement is to have a stable and permanent income. Its size should traditionally be such that it takes no more than 60% to repay the loan. If the salary is not enough, then you can attract co-borrowers (no more than 3).

Requirements for obtaining a mortgage from a bank:

• Citizenship of the Russian Federation;
• age – from 21 to 75 years (for loans that are issued without proof of work activity – 65 years; for a “young family” the period is slightly different);
• attracting co-borrowers (if required);
• work experience – from 6 months at the current place of work + at least 1 year of total work experience over the last 5 years.

Problems may arise if a single mother:

• insufficient income, and attracting co-borrowers does not “save” the situation;
• bad credit history;
• the selected object does not comply with the bank's credit policy.

How can a single mother get a mortgage and what documents will need to be provided? The general list includes more than 20 pieces (but it all depends on the specific situation).

Documents provided for obtaining a mortgage

Without proof of income and employment:

• borrower application form;
• passport with registration mark;
• a second document confirming your identity (you can provide a driver’s license; an identity card for a federal government employee; a foreign passport or a certificate of compulsory pension insurance).

To confirm income and employment:

• application form;
• passport with registration mark;
• a document to confirm registration at the place of stay (if there is temporary registration);
• documents to confirm financial status and employment (valid for 30 days from the date of issue).

When pledging another property to obtain a loan:

• pledge documents;
• information that can be provided after the bank approves the loan application:
• documents on the residential premises being financed (can be provided within 90 calendar days from the date of the decision to issue a loan).

Documents to confirm the down payment:

• certificates;
• statements taken from a bank account.

Please note that the bank has the right to change the conditions at its own discretion and require the borrower to provide additional documents.

If you are applying for loan funds under the “Young Family” program, the bank will additionally ask:

• marriage certificate (with the exception of providing funds to people from single-parent families);
• birth certificate of a child;
• documents to confirm relationship;
• documents for identification;
• certificate of change of surname, name, patronymic.

If a borrower applies for a loan under the “Mortgage plus Maternity Capital” program, he will additionally have to provide:

• certificate for maternity (family) capital;
• certificate from the Pension Fund of the Russian Federation about the balance of funds. capital.

Place of receipt of loan funds

In branches of Sberbank of Russia (or any other bank) located at:

• registration of the borrower or one of the co-borrowers;
• location of the property being financed;
• accreditation of the employer company of the borrower/co-borrower.

Terms for consideration of a submitted loan application

Documents are studied no more than 8 working days. If you apply before major holidays, you will have to wait up to 2 weeks.

Loan funds are provided to a single mother at a time or in installments.

Mortgage repayment procedure

Mortgages from Sberbank for single mothers allow various repayment methods:

• Full or partial;
• making monthly annuity (equal) payments.

If you want to pay off your mortgage early, you go to a bank branch and write an application . In it you indicate:

• date of early repayment of mortgage funds;
• amount of funds;
• the account from which funds will be transferred.

The early repayment date must fall on a business day. There is no minimum amount limit. There is usually no early repayment fee.

Responsibility for late loan repayment

The bank has the right to collect a penalty from the client . Its size corresponds to the rate established by the Bank of Russia on the date of conclusion of the agreement.

The penalty is calculated on the amount of the overdue payment from the moment of delay (the day following the date of fulfillment of obligations) until the moment of payment.

Now you know whether they can give money to a single mother to buy real estate.

How to assess the likelihood of approval?

Considering that the borrower’s income must cover debt costs and ensure normal living for the family, before submitting an application to the bank, you should evaluate your own capabilities.

The calculation can be made online using a loan calculator, which is freely available on the Internet.

This data-driven tool:

• housing costs;
• interest rate;
• contract term -

will provide information on how much money will need to be deposited into the bank's cash desk. This figure should be at least 50-60% of the mother’s total income.

Terms of a mortgage from Sberbank for the purchase of housing under construction for a single mother

The first payment is 10-20% of the amount. The conditions can be found on the Sberbank website:

• age – from 21 to 75 years;
• work experience – from 6 months at the current workplace (+ 1 year of total experience);
• the size of the maximum and minimum loan amounts in each case is determined individually (depending on the region);
• loan term – up to 30 years;
• The loan rate may change (check the information in official sources).
• loan condition – mandatory registration of life and health insurance + registration of real estate insurance;
• Construction completion dates are not limited by the terms of the program.

Comments: 5

Your comment (question) If you have questions about this article, you can tell us. Our team consists of only experienced experts and specialists with specialized education. We will try to help you in this topic:

Author of the article: Klavdiya Treskova

Consultant, author Popovich Anna

Financial author Olga Pikhotskaya

1. Tatiana
   06/03/2020 at 10:58 am I am disabled group 2 indefinitely. My daughter cannot work because she takes care of me and for this they transfer me 1,200 rubles. Now she is pregnant. What benefits for pregnancy and childbirth are she entitled to?
   Reply ↓ Tatiana
   06/03/2020 at 10:59

   Single daughter

   Reply ↓

2. Anna Popovich
   06/03/2020 at 15:54

   Dear Tatyana, your question is very comprehensive, and in order to take into account what types of benefits your daughter is entitled to, you need to understand many nuances: from the presence of work experience in principle and paid contributions to the Social Insurance Fund, ending with the course of pregnancy. We recommend that you familiarize yourself with the “Maternity Benefits” section on the State Services website or seek substantive advice from the territorial division of the Social Security Administration.

   Reply ↓

Mortgage conditions for the purchase of finished housing

• Loan currency – Russian rubles;
• mortgage term – up to 30 years;
• down payment amount – from 15% (but may increase at the discretion of the bank);
• ensuring the fulfillment of obligations - collateral for an object (credited or any other);
• The borrower's age is from 21 to 75 years.

The borrower provides a standard package of documents. But in addition to it, you will need to provide proof of real estate collateral.

A single mother with one child will be able to afford a mortgage. But it all depends on the amount of income the family has. If there are not enough funds, you will have to attract co-borrowers (up to 3 people).

Let's sum it up

A single mother can also count on bank approval for a mortgage, especially if her income allows her to support minor children and pay the loan monthly.

Additionally, she has the opportunity to take advantage of special preferential offers from banks. For example, Sberbank has developed several profitable mortgage programs for young families with a reduced down payment and interest rate.

A woman also has the right to apply for social assistance from the state in obtaining a mortgage for housing by contacting local administrative authorities.

“Mortgage with state support for families with children” from Sberbank

The new program is available from January 1, 2021. Agreements are concluded from February 7, 2021. The terms of the program apply to citizens of the Russian Federation who had a 2nd or 3rd child in the period from 01/01/2018 to 12/31/2022. The loan term is from 1 year to 30 years.

Under the “Purchase of Finished Housing” program, within the framework of a mortgage with state support, you can buy:

• apartment (including in a “town house”);
• house;
• town house;
• residential premises with the land plot on which it is located.

Under the program “Purchase of housing under construction”, within the framework of a mortgage with state support from Sberbank, you can receive:

• apartment (including in a residential building consisting of one or several block sections - “town house”);
• house;
• town house.

The offer applies to families with two or more children. But consider the conditions under which the bank is willing to provide you with funds.

Mortgage + maternity capital for single parents

The amount of mat. capital can be used for:

• making a down payment on a mortgage;
• repaying the debt in full;
• repaying part of the debt.

A mortgage with maternity capital allows single mothers to buy ready-made housing or housing under construction.

Clients who take advantage of the following offers can receive a loan for maternity capital from Sberbank:

• “Purchase of finished housing - Flat rate”;
• "Purchase of housing under construction."

Documents for obtaining a mortgage with maternity capital for a single mother

In addition to the standard package of documents indicated above, you will need to provide the bank with:

• certificate for maternity (family) capital;
• an extract (certificate, notification) from the territorial body of the Pension Fund of the Russian Federation about the balance of funds. capital (valid for 30 calendar days from the date of issue).

Special conditions for obtaining a mortgage with mat. capital

Sberbank has provided additional requirements for obtaining a mortgage:

• the premises that you buy using bank funds must be registered as the property of the borrower or children;
• borrowers who do not have a salary account with Sberbank are required to provide a package of documents confirming employment and salary level;
• the client must, within 6 months from the date of issuance of the loan, contact the Pension Fund branch to transfer funds (or part thereof) to repay the debt.

Scheme for obtaining a loan to purchase a home

• We contact the bank and provide a full package of documents;
• We are waiting for a decision on your request (within 8 working days);
• We select a property and provide a package of documents for it;
• sign loan documentation;
• we register the rights to the property in Rosreestr;
• We get a home loan with one, two or three children.

State assistance for the birth of a third child

If a woman gives birth to a third child, she has the right to count on benefits for families with many children and the required social payments. There is an active discussion in legislative circles about measures of additional assistance to families who have a third newborn. As a measure of assistance in solving the housing problem, a one-time allocation of 450 thousand rubles is being considered, which could be used to pay off the mortgage already taken out.

As soon as the mechanism for implementing state aid is clarified, it will become easier to pay off a mortgage for a single mother by combining:

• family mortgage at a minimum interest rate of 6%;
• matkapital for the first payment;
• state aid in the amount of 450 thousand rubles.

As loan interest rates decline, getting mortgage approval has become easier even for families where the sole breadwinner is a woman. The lack of benefits should not make it difficult to obtain a profitable loan if you have a stable income and an amount for a down payment. Attracting government assistance and maternal capital funds will make mortgage payments easy.

Mortgage without down payment for single mothers

You should not count on the possibility of obtaining borrowed funds without a down payment of 15-20%.

Preferential conditions apply to:

• persons who take part in the federal borrower support program;
• families who have received maternity capital (this is what is used to repay the down payment);
• military personnel (separate lending and funding programs have been developed for them);
• counterparties of third-party banks who want to refinance a housing loan using Sberbank funds.

There are regional benefit programs aimed at supporting single-parent families. Additionally, you can try to reduce the amount of your personal contribution (or remove it) using:

• Special banking programs without LP (but for mortgages they are rare);
• "Moving" program;
• consumer credit;
• subsidies from the state, issued in cash or in non-cash form;
• secured loan;
• borrowed money;
• classic overstatement;
• maternal capital;
• a loan from the developer, received on special terms (but in 2021 there are not very many such offers on the market either!);
• developer promotions and special bonus offers.

As for social mortgages, the state acts as a third party . Legal relations become more complex. There are regional programs under which the state is ready to compensate up to 100% (and the borrower can only repay the loans).

There are no particularly favorable conditions or serious privileges for single mothers (single parents). But they can take advantage of standard offers for “Young Family” or “Mortgage with Maternity Capital”.

A mandatory condition will be confirmation of place of work and income, and for certain programs the same Sberbank is ready to provide a loan in the amount of up to 80% of the cost of housing.

Step by Step Actions

The procedure is very important in the procedure for obtaining a social mortgage:

1. Contact the social protection department of the city or district administration with documents.
2. Obtain official status as a single parent.
3. Join the queue as a low-income family in need of housing or improved living conditions.
4. Study the conditions of government housing programs, making sure that you have the right to participate in them.
5. Apply for participation in a preferential lending program.
6. Receive a certificate of participation.
7. Find a bank that operates under state mortgage co-financing programs for certain categories of citizens.
8. Submit an application.
9. Wait for a positive decision.
10. Enter into a contract.
11. Pay off part or all of the debt using financial support from the state budget.
12. Find real estate and purchase it.
13. Register the encumbrance with Rosreestr.
14. Fulfill debt obligations to the bank, if any remain.