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- Adopt meters: preferential mortgages for CBR participants may be launched in the summer
Adopt meters: preferential mortgages for CBR participants may be launched in the summer
Preferential mortgages at 2% for the participants of the CBR may be launched this summer. This was reported to Izvestia by Anatoly Aksakov, head of the State Duma Committee on the financial market. The President ordered the creation of a separate program for military families at the end of May. It is expected that the initial contribution will be 20%, and the recipients can be both the participants of the SVO and their spouses. The measure should provide social support to both the fighters and the real estate market, which has significantly sagged due to the prohibitive rates. How attractive the new program will be and why banks may reject half of potential borrowers is described in the Izvestia article.
Preferential mortgage terms for members of the SVO
In the near future, a new preferential mortgage program will appear in Russia — for participants of the SVO. This program is likely to start working in the summer of 2025, Anatoly Aksakov, head of the State Duma Committee on the financial market, told Izvestia. According to him, this will help support the housing market in conditions of a high key interest rate. Support will be targeted, so there is no risk of overheating, as from a mass program.
Russian President Vladimir Putin instructed in May this year to create preferential mortgages for military families who participate in a special military operation.
The concept has already been developed in the State Duma, said Vladimir Koshelev, first deputy chairman of the State Duma Committee on Construction and Housing and Communal Services. According to him, loans will be issued at 2%. Recipients will be able to become both participants of the SVO and their spouses. In the event of a death of a person (and the absence of a spouse), military parents and adult children will also be able to apply for a loan.
The minimum initial payment is proposed to be set at 20%, and the loan amount limits will be similar to the family program — 12 million rubles for Moscow, the Moscow region, St. Petersburg and the Leningrad Region, and 6 million rubles for the rest of the regions. The benefit can be combined with other government support programs. However, there is also a limitation — the borrower must be officially registered in the region where the housing is being purchased.
There are more restrained expectations for the launch of the program in the upper house of parliament. The bill regulating preferential mortgages for members of the SVR will be adopted no later than the autumn session, Anatoly Artamonov, head of the Federation Council Committee on Budget and Financial Markets, told Izvestia. According to him, work in this area has just begun, but the transition from direct budget financing of mortgages for military personnel to a preferential mortgage mechanism is very likely.
The Russian Federation has already had mortgages for contract military personnel since 2005. However, it operates differently from other preferential programs. In fact, the state directly pays the housing loan for the military only during his service. The authorities annually transfer a certain amount to the program participants (in 2025 it amounts to 384 thousand rubles). The minimum initial payment under this program is 10%, the rate is 2%, and the maximum loan amount is 6 million rubles.
However, not everyone has the right to use this option — a person who has served at least three years can get housing under it. In addition, if dismissed for disrespectful reasons, all the money deposited by the state will have to be returned.
Thanks to the new preferential mortgage, there will be more transparency and fewer subjective influences on the decision to provide housing for the participants of the SVO, Anatoly Artamonov believes. A mortgage at 2% for the military will be able to earn in 2026, he estimated.
How profitable will the new preferential mortgage be?
The proposed program concerns the most sensitive category of citizens at this moment, and it needs to be fully supported, said Evgeny Shavnev, CEO of the Flip real estate investment company. According to him, this measure will help the participants to return to peaceful life as soon as possible.
— The new program may become a separate tool along with the existing military and family mortgages, but with even more preferential terms. The 2% rate and a fairly high limit for Moscow and St. Petersburg make this banking product attractive," says Evgeny Zlenko, an expert at Polylog.
It is important to specify in the rules that the conditions should not be changed, even if a person has stopped serving under a contract in the CBO area, said Maxim Kolyadov, head of work with individuals at Insurance Broker AMsec24. People shouldn't have any difficulties after being fired.
The program conditions look very attractive. With a housing price of 12 million rubles, a down payment of 20% and a 2% rate, as assumed by the new program, the monthly mortgage payment for 26 years (this is the current average term of a housing loan) will be about 40 thousand rubles — a figure quite uplifting for a family with a stable income and benefits.
If you now take out a mortgage according to market conditions, and the average real interest rates are 30%, then with similar parameters, the monthly payment immediately soars to 240 thousand rubles. In addition, the loan overpayment will total more than 65 million.
However, as with the current military mortgage, there are risks of losing housing for the participant of the SVO after his dismissal, Andrei Barkhota noted. A person can return to a lower—paying job and fail to make payments, in which case the bank has the right to sell the mortgaged housing. Borrowers need to be protected from these risks.
How many participants of the SVO will be able to get a preferential mortgage
Borrowers under this program and banks may encounter pitfalls. When issuing such loans, it is expected that a person will remain solvent for 20-30 years, said economist Andrei Barkhota. In the case of the state program, this point is not always obvious to ITS participants, because they were employed in completely different jobs and, in general, their income levels are heterogeneous.
It is important for banks to have guarantees of repayment of the loan from the state if the borrower loses the opportunity to repay it for one reason or another, the expert said. This is necessary so that the beneficiaries of the benefit do not lose their housing, which will be secured for the entire duration of the mortgage agreement. In addition, the activity of the market in obtaining such loans will depend on this.
In any case, there is a high probability that only 30-50% of potential borrowers will receive approval for a mortgage application for SVO participants, suggested Vladimir Chernov from Freedom Finance Global. This problem is also relevant for existing programs, because not all families will be able to confirm sufficient income to service even a loan with state support. If banks do not filter unscrupulous borrowers, they will face non-payments, which can affect the stability of the entire financial system.
"However, in general, the market is interested in this program as a tool to support sales and expand the customer base," he said.
The launch of a new preferential mortgage should not lead to a strong increase in prices in large cities, said Ivan Uklein, Senior Director of Banking Ratings at Expert RA. Housing there is already in high demand due to other government programs (the same family mortgage), which have a much stronger impact on its cost. At the same time, the availability of housing for the participants of the SVO and their families should increase in any case.
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