The day before, Prime Minister Mikhail Mishustin announced the indefinite extension of the Rural Mortgage program at 3% per annum. The program was launched on January 1, 2020, and was supposed to end this year. “Rural Mortgage” allows you to get a soft loan for the purchase of land, apartments and houses in the countryside or in cities with a population of up to 30 thousand people. The exception is Moscow, the Moscow region and St. Petersburg.
According to the deputy, thanks to the extension of the program, families with many children will be able to use the lump sum payment received at the birth of the third and subsequent children to pay off the mortgage.
“Of course, this is a very necessary federal initiative, because it is designed to make housing affordable and comfortable for the villagers. This is a real opportunity for millions of people to improve their living conditions in the countryside, and this is wonderful,” Frolova said.
• Who is eligible for payment to buy a home • The President instructed to expand the preferential family mortgage program • Putin called for a reduction in the preferential mortgage rate to seven percent