By EasyHow

How to buy a house in the village on the maternity capital

Each family can buy a house in the village on the maternity capital, if it is suitable for year-round use. Use the money you can once the second child turns three years. If you took out a loan to buy a house in the village, to pay off his or interest immediately after the baby is born.

How to buy a house in the village on the maternity capital
How to buy a house on the maternity capital
How to divide a house bought on the parent capital?
How to make buying a house under the parent capital

You will need

- passport;
- the statement in the Pension Fund;
- the parent certificate;
- information on the cost of housing;
- a certificate of purchase;
- a notarized commitment.

Instruction

You can buy a house on the parent capital, if it is suitable for permanent residence has heating system, is a residential all documents. Check out the land on which the house is located. It should be exclusively for IH.

Decide the shares in which is divided the property between family members. It may be an unequal share, in this case, their size is determined by the owner

Once a suitable property is found, begin to collect the documents. You'll need a copy of the contract of sale, certificate of ownership of the home, a notarized undertaking stating that you will issue property to all family members within six months after the Pension Fund will transfer all finances. Also provide help about the size of the remaining unpaid amounts on the banking contract, if any.

The parent capital you can apply for the payment of the first installment in the case of a loan, and use it to pay a debt. In this case there is no need to wait when the child turns three years.

To take advantage cash, you need to come to the Pension Fund documents. Write a statement about the desire to use the parent capital. Do not forget to specify the purpose of its use.

Employees of the Pension Fund consider it and in case of its conformity with all the norms of direct funding for the purpose. Usually it takes about two months. Funds shall be transferred to the seller or financial institution.

Once the shelter is fully furnished, you will need to provide a full report on the expenditure of funds that were granted to the Pension Fund, a certificate of ownership.

Note

Regardless of how you decide to purchase a house in the village, cash money of the parent capital it is impossible to obtain. All operations are made exclusively by Bank transfer.

If you don't want to wait when the child reaches three years and wish to make use of means of the parent capital, then it can be done only through a mortgage.

Useful advice

If you decide to purchase a home mortgage, you will need to bring additional documents to the Bank. The loan is usually issued to citizens of our country who are more than 21 years and less than 60 years. They must have a stable income which is enough to repay the interest and debt on the loan.

If you have already bought a house in the village partly on the means of the parent capital and want the rest to use to repay the loan, you will need to provide a credit agreement and a certificate from the Bank.