March 26, 2023

Date: March 18, 2023 Time: 09:21:04

The President designated the improvement of the living conditions of citizens as one of the unconditional priorities of the State. Several state-supported mortgage programs operate to help people at once, and the government is constantly improving its rules to increase the availability of soft loans.

At a government meeting, Prime Minister Mishustin announced the expansion of the Family Mortgage. “Parents raising children with disabilities will be able to apply to buy manufactured homes on the secondary market if there is no apartment building construction in their region,” he said. In addition, now funds from “Prime”, “Family”, “Far East” and IT mortgages can be used to purchase finished homes from closed-end investment funds.

Parents of disabled children will be able to obtain a preferential mortgage to buy housing in the secondary market if there is no construction of apartment buildings in the region

A separate government decision concerns the participants of the special military operation and those mobilized. “The boys are now serving and it is important to free them from the need to deal with paperwork,” Mishustin emphasized. Those of them who have previously taken a loan under the “Preferential Mortgage” program for the construction or purchase of a private home will have a delay in the registration of their rights thereon. Far East Mortgage participants will retain the terms of the interest rate, as well as the opportunity later than in the standard conditions to register in a purchased or built residential building.

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