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Far Eastern Mortgage will receive additional financing

Far Eastern Mortgage will receive additional financing

The amount of funds allocated for the "Far Eastern mortgage" will increase in 2023 by 10,6 billion rubles. In 2024, the program will also receive additional funding.

As the TASS with reference to the explanatory note to the draft federal budget for 2022-2024, the increase in the limit of the "Far Eastern mortgage" is due to its high demand and the expansion of the categories of Russians eligible for a preferential housing loan. After increasing the limit in 2023 by 10,6 billion rubles, in 2024 the amount of allocated funds will increase by another 4,4 billion rubles.

Expansion of the "Far Eastern Mortgage" program Vladimir Putin reported on East economic forum, which took place in Vladivostok in early September. The President announced the inclusion of new categories of citizens among the Russians eligible to participate in the program. Get housing now loan at a rate of 2% and below families in which spouses are not older than 35 years old, incomplete families with minor children, as well as without age restrictions - participants of the Far Eastern Hectare program and those who came to the Far Eastern Federal District under regional programs to increase labor mobility.

Housing can only be purchased on the “Far Eastern Mortgage” in the Far East, mainly on the primary market. Exceptions are made only for Chukotka and the Magadan region - there you can buy an apartment on the secondary market. The maximum loan amount is RUB 6 million. It is possible to issue a "Far Eastern mortgage" for a period of up to 242 months, or more than 20 years. If a citizen registered in the territory of another federal district buys housing under the program, then after registration of ownership, he must register in the purchased housing.

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