In Russia, a preferential mortgage has appeared with a rate of up to 3% per annum for those who want to go to the countryside. The project appeared within the framework of the state program "Comprehensive Development of Rural Areas". A home loan at a rate of no more than 3% can be obtained for the purchase of primary and secondary housing in rural areas.
The number of applications filed in the most active participant in the preferential rural mortgage program - Rosselkhozbank (RSHB) - exceeded 64 thousand. for a total amount of more than 140 billion rubles.
“About 25% of applications have already been pre-approved by the RSHB, most of the clients are engaged in the selection of real estate. At the same time, after the selection of the object, the final approval was received by about 7.3 thousand. Russians, whose applications in aggregate exceed 15 billion rubles. To date, Rosselkhozbank has issued more than 5.2 thousand loans in the direction of rural mortgages. borrowers for a total amount of over 10.4 billion rubles., noted in the press service of the bank.
Sberbank also reports on a fairly high demand for the state program. The bank accepted the annual limit of applications eight hours from the moment of its launch. Total 1.1 thousand the bank's clients managed to apply for mortgages at a preferential rate in the amount of over 3 billion rubles.
“The rate of filing applications for rural mortgages during the self-isolation regime remains at a high level, which confirms its relevance and favorable conditions. The program is working, the issuances have been carried out in the overwhelming majority of regions. Clients are now increasingly receiving advice about rural mortgages and our other products through the contact center, and this is the best option in the current conditions ", - commented the head of the retail business unit of the RSHB Svetlana Vishnyakov.
Let us explain that a rural mortgage can be obtained for the purchase of an apartment in a new building or on the secondary market, as well as for the purchase or construction of a private house, but only once in a lifetime. “The program allows the purchase of real estate in the secondary market with a mortgage at a preferential rate of 3%, all other state programs are aimed only at the primary market. As a result, the program is unique for the Russian market, "the press service of Sberbank notes.
When building a house, a mortgage can be issued for the completion of previously started construction under a work contract. The condition of such an agreement must be the completion of the construction no later than two years after the first payment. Also, a concessional loan can be provided to repay loans or loans issued by Russian credit institutions no earlier than January 1, 2020, the Ministry of Agriculture specified.
Source: RBC Real Estate
