VTB mortgage at the birth of a child
VTB gives a family a deferment on the main mortgage payment if children are born in the family. There is such a benefit: a three-year delay for the appearance of the first child, and a five-year delay for the second child.
To correctly apply for a VTB mortgage benefit, a woman should submit an application and a copy of the child's birth certificate.
We described in detail the conditions of VTB for a mortgage with the involvement of mother capital for a young family. However, questions still remain. For example, is it possible to take a VTB mortgage if a female borrower is on maternity leave?
VTB gives a deferral of mortgage payments to a married man with many children!
VTB can more easily approve a mortgage application from a woman on maternity leave if she has already taken a loan from this bank and successfully repaid it.
Of course, a mortgage at VTB will be given if the woman has the financial means to pay for it under the decree. That is, the issuance of a mortgage to a woman on parental leave is not prohibited by law, but this is rare. In a decree, a woman, as a rule, receives only a small amount of money - no more than 40% of her salary.
Only since 2018, the state began to pay quite significant funds for the maintenance of the child. There is also a pleasant nuance. If the child is not the first, then in 2018 it became possible to pay a mortgage with mother capital.
VTB mortgage for large families: news of 2018
On January 1, 2018, VTB/VTB24 Bank launched an updated program of state subsidies for mortgage loans. Its essence: a gradual reduction in the mortgage rate to 6% - for borrowers eligible for state support. Families with more than one child should be considered as such.
Who gets into this VTB preferential mortgage program? These are families of Russians in which a second or third child was born from January 1, 2018 to December 31, 2022.
The VTB social mortgage program assumes that borrowers are entitled to take out a loan on preferential terms: at a low rate of six percent per year for three or five years. Under the terms of the agreement, they are offered the opportunity to:
- take a loan to buy housing in the primary market (new building);
- to refinance an old loan.
The standard terms of the VTB 24 preferential mortgage imply that in order to participate in the program, you must submit a plus "Birth Certificate" in the family of the second or third baby in the above period.
Special conditions for obtaining mortgage benefits at VTB:
- first installment - at least 20% of the total amount of the mortgage loan;
- for residents of Moscow, St. Petersburg, Moscow and Leningrad regions, the maximum loan amount is 8,000,000 rubles, other Russians can count on 3,000,000 rubles.
VTB will take into account your problems with late mortgage payments
Mortgage deferral conditions at VTB 24 Bank
Mortgage payment delays of up to 5 days are not considered a serious breach of contract. For the first month of delay, VTB will charge penalties. If the delay continues, then the bank involves law enforcement agencies, up to bailiffs.
Postponing mortgage payments at VTB or at any other bank will always affect your cleanliness of your credit history. Therefore, this step should not be abused.
VTB does not have an open procedure for granting mortgage deferrals, however, in each case, it is guided by common sense and generally accepted behavior in the banking environment.
A deferral of mortgage payment at VTB 24 means that the bank has taken into account your application for a deferment. When it's possible:
- job loss due to circumstances beyond the control of the borrower;
- loss of property as a result of an emergency;
- a serious illness of the borrower or a person close to him, documented and requiring payment for treatment;
- a woman on maternity leave, etc.
Can VTB write off a mortgage? This is possible because the bank is a partner of the Agency for Housing Mortgage Lending and participates in the state mortgage restructuring program, which was extended in August 2017.
