How to get a preferential mortgage for a doctor?

It is very difficult for doctors, and especially recent graduates of higher educational institutions, to save up to buy their own home.

Salaries in the public sector remain at a fairly low level, so even a doctor may not have enough money to open a standard mortgage.

The state, even in conditions of a temporary crisis, continues to support social programs and young medical workers are no exception.

Let’s figure out today the conditions under which doctors are issued a mortgage, what is needed in order to receive support from the state, and what is the algorithm for doing so.

Who can participate?

Only the following categories of the population are entitled to receive a social mortgage for young scientists (including doctors) who need better housing:

• Public sector workers living in the same area with relatives, and the total area of ​​this living space should be less than 18 square meters per person;
• Public sector workers living in rented or rented apartments and houses who do not have their own housing;
• Young professionals living in conditions that create obstacles to their successful activities, or in unsafe houses.

Doctors

There is a program in each region for preferential lending to doctors.

This category includes doctors of all profiles who meet the established requirements.

The terms of preferential mortgages provide for more flexible lending so that good specialists can carry out their activities, and housing provides them with such an opportunity.

Mortgage interest rates for doctors are set at lower levels than for other categories of the population.

Conditions of social programs

The conditions for participation in state social programs are specified in legislative acts and are also established by banks.

To obtain a mortgage on preferential terms, doctors must meet the following requirements:

• Availability of medical education, which includes not only higher education, but also colleges. That is, not only doctors, but also nurses can count on getting a mortgage, the main thing is that they have a specialized education;
• The age of the future borrower should be no more than 35 years, and for specialists with a doctorate degree, the age limit is 40 years. Also in some regions it has been extended to 40 years for other employees of the medical field;
• Having experience working as a doctor in a medical institution for at least a year for Moscow, and from a quarter to six months in the region;
• Obligation to reside in the region where the property is purchased for the next 5 years after the mortgage is issued;
• The family or medical worker must be recognized as needing improved housing conditions.

What documents are required

It is important to confirm your citizenship - banks do not always work with foreigners. Collect all evidence of total family income and the presence of valuable property. This may affect your mortgage credit limit. Passports, birth certificates, SNILS and TIN of all family members are also required.

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It is important for the bank that its investments bring stable profits, so solvency is an important selection criterion. A copy of the work record book and a diploma of specialized education are also on the list of required documents.

To confirm professional suitability, in addition to a copy of the diploma, it is worth preparing a copy of the document confirming completion of the internship, as well as documents on additional retraining and the presence of certain qualifications.

Information about scientific publications is also relevant.

In addition to the listed documents, a potential project participant must prepare:

• Questionnaire (the form is developed by the bank);
• Autobiography and photo;
• Characteristics from work;
• Marriage certificate (if available).

Additionally, they may require an extract from the house register (certificate from the HOA) and other documents. Documents for the property chosen by the lender are also required (the kit depends on the type of housing and the method of acquiring it).

Banking offers

Many banks support a social program for young medical workers, which is modified in their names as “Young Scientists” or “Mortgage for Young Scientists” (this category includes young doctors).

Mortgage conditions in large banks differ from those offered by less popular institutions, which are not particularly beneficial for the doctor.

Mortgage interest rates offer higher rates and additional fees may apply.

1. Soviet - the standard interest rate is 17%, but if there is no down payment, its amount increases by 2%. It is mandatory to have insurance for the property and the borrower's risks. When issuing loan funds, a one-time fee of 8% of the mortgage amount is charged.
2. Sberbank offers mortgages at 13.3% - 15.75% per annum, which is specifically determined by the personality of the borrower and his work achievements. It is possible to waive the down payment for a doctor on a mortgage due to additional collateral of existing real estate.
3. Surgutneftegazbank puts forward a mandatory condition that the purchased real estate must be no more than 40 years old. The mortgage is issued at 14.25% per annum.
4. Rost Bank provides loans in amounts up to 10,000,000 rubles at interest rates of 10% per annum, which depend on the amount of the down payment. A mandatory condition is life and health insurance of the doctor, in case of failure to comply with this, the interest on the mortgage increases by 0.7%.
5. AvtoVAZbank sets the maximum age of the borrower at 65 years at the time of full repayment of the debt, and at the time of opening a mortgage - 35 years (40 years for doctors of science). There is the possibility of lower monthly payments, and the down payment and interest rates are calculated taking into account the availability of property and life insurance of the doctor.
6. OJSC Commercial Bank Investrastbank assumes all costs associated with processing and opening a mortgage for a doctor. Interest rates are set at 10% per annum with a down payment of 10% of the cost of the purchased home.

Useful video:

Step-by-step design

In order to participate in the program and obtain a mortgage on social terms, you must first register with the Housing Policy Department.

It confirms the fact of residence in the specified territories for the last 10 years, as well as the fact that the potential borrower needs to improve living conditions.

After reviewing the necessary documents, the doctor is issued a certificate for the right to participate in a social mortgage, with which you can safely go to the bank.

After searching for a suitable apartment, during the bank’s consideration of the application, at the borrower’s expense, the property is assessed by a professional appraiser.

If the bank is satisfied with the condition of the housing and the candidacy of the doctor, then an affirmative decision is made to issue him a mortgage.

This subsidy for doctors provides for payment from special state funds of 30-40% of the cost of the purchased property.

Sequencing

At the first stage, you need to obtain the right to a subsidy, then enter into a mortgage agreement with the bank. Without confirmation of the right to state support and documents for the loan object that suit the lender, the borrower will not receive a mortgage.

Step-by-step instructions will help you understand what needs to be done to obtain a preferential housing loan.

• Find out if there is a mortgage program for healthcare workers in your region.
• Prepare an application and documents for participation in the program.
• Receive a subsidy certificate.
• Select a suitable bank (from those participating in the project).
• Consult your loan manager for a list of mortgage documents.
• Prepare documentation and submit it to the bank.
• Choose an apartment (sometimes the bank offers its own options).
• Make an assessment of the collateral housing agreed upon with the lender.
• Draw up a purchase and sale agreement.
• Register your mortgage.
• Take out insurance (individual and for housing).

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It takes about a month to negotiate with the bank and prepare documentation. Specialists will check the documents and approve the mortgage. They also recommend a trusted appraiser, although the client always has the right to choose in this matter. Even with subsidies, mortgage costs eat up a significant portion of the family budget.

Before signing an agreement, evaluate your financial capabilities.

Reviews

Valentin, 42 years old : “For several years now I have been paying off the mortgage that I took out from the bank under a social program for young scientists. I have been working in the medical field for 15 years, have achieved many titles, and made some discoveries. It is very nice that the state really cares about its citizens, and not just feeds them with promises. The apartment cost me much less than its market value, and there were no problems with obtaining a mortgage.”

Pavel, 36 years old : “My wife and I have lived with my parents since we got married. Mom and spouse get along well, but you know what it's like when two housewives share the same kitchen. Therefore, we have long been thinking about buying our own home with a mortgage, and then in 2014 a new program for doctors began to operate, and I realized that this was our chance, since I work as a surgeon. For the most part, my wife took care of the registration and paperwork, but I will say that everything was quite organized, although I had to run around with organizations. The bank approved my candidacy as a borrower without any problems, so there were no problems when concluding the contract. Now we live in our apartment on the outskirts of Moscow, and our parents are happy to come to visit us, and we know that we can always turn to them if anything happens.”

Registration procedure

Before you can apply for a mortgage, you must obtain the proper certification that qualifies the physician for benefits.

Why do you need to submit an application to the administration of the locality in which the medical center is located? the employee wants to work and live.

When submitting an application, you must attach certain documents confirming your right to preferential conditions when purchasing real estate.

After this, the standard procedure for obtaining a mortgage loan and purchasing a home begins.

Procedure

To apply for a loan, the doctor will need to perform the following steps:

Required documents

When submitting an application for the issuance of a state subsidies, the young specialist attaches the required documents.

These documents serve as confirmation that the doctor has the right to participate in a preferential program for the purchase of housing.

In particular, the following documents must be attached:

Documents for concluding a mortgage loan agreement with a bank:

Is it possible to pay off a mortgage loan with maternity capital? Read here.

Video: Mortgages for doctors

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