Yakutia 24 TV channel with the reference to the Press Service of the Far East Development Ministry: The project of the Far Eastern Mortgage was discussed at the Interregional Conference of the heads of relevant ministries and departments.
“The Russian government will allocate funds in amount of about 14,7 billion rubles for ensuring the preferential rate of mortgage lending, and the total amount of loans will amount to 450 billion rubles. Based on the average cost of housing in the Far Eastern Federal District, about 140 thousand recipients of “Far Eastern hectare” and young families will be able to take part in the program,” said Sergey Khovrat, Director General of the Agency for the Development of Human Capital in the FEFD.
According to him, at the moment, the average mortgage interest rate is 9,1% in the Far East. With the cost of a house of about 3,5 million rubles, if you take a mortgage under this program, the house cost doubles within 20 years.
The Agency for the Development of Human Capital in the Far East conducted relevant studies and calculations justifying a preferential rate of 2%.
According to the project of preferential mortgages, residents of the Far East will be able to get a loan of up to six million rubles for a period of up to 20 years. The down payment must be at least 20%.
It is noted that these parameters are calculated on the basis of the average income level of recipients of the “Far Eastern hectare”, as well as young families, so that the monthly payment is most comfortable.
Earlier, Russian President Vladimir Putin instructed the government to prepare legislative amendments by December 15 to reduce mortgage rates for young families in the Far East to 2% per annum.