The government has expanded the terms of the program "Rural mortgage"
The "Rural Mortgage" program started working this year. With its help, citizens can get a loan at a preferential rate of 0.1 to 3% per annum for the purchase of a land plot and the construction of housing on it, an apartment in a new building, a finished private house, as well as for the construction of housing on an existing site.
Decree of October 27, 2020 No. 1748 "On Amendments to the Rules for Granting Subsidies from the Federal Budget to Russian Credit Institutions and the Joint Stock Company" DOM.RF "for Reimbursement of Lost Income on Issued (Acquired) Housing (Mortgage) Loans (Loans) Granted to Citizens Of the Russian Federation for the construction (purchase) of a dwelling (residential building) in rural areas (rural agglomerations) ”, the opportunities for citizens who already have land and plan to take out a loan for building a house (hereinafter - the Resolution) have been expanded. Now they do not need to own the title to this site. A lease will suffice. This change will come into force in accordance with the said Resolution from January 1, 2021.
In the updated terms of the program, the right to use maternity capital funds for the initial contribution appeared.