Maternity capital for building a house in 2019 - documents, deadlines + order of receipt

Hello dear readers of the magazine Rich Pro! Today we’ll talk about how to spend maternity capital on building a house, in what cases can this be done and what is needed to get help from the state?

In Russia, young families can get the so-called maternal capital. They have the right to spend the allocated funds to improve your own living conditions. Due to this money you can cover the costs of building residential real estate.

To achieve this, it's important to knowhow to get maternity capital for building a house, as well as the main nuances of this procedure.

On the use of maternity capital for building a house, namely, how to use (spend) and how to get maternal capital for building a house on your own - read in this material

1. Is it possible to use (spend) maternity capital for building a house in 2019

FROM 2010 years, young families in Russia who have several children have the opportunity to use the so-called maternity certificate for the construction of a residential building.

What you can spend maternal certificate on

It should be understood: allocated money can be used exclusively for construction. In this case, you will have to buy a land plot using your own money.

Before starting to build a house on maternity capital, parents need to contact Pension Fund. You need to choose a branch located at the place of registration.

At the same time, you should wait until the child turns 3 years. However, experts advise to submit documents in advance - when there will be approximately 30 days. It is this amount of time that will be required to verify and make a decision.

2. How to use maternity capital to build a house on your own - a list of documents + instructions on how to build a house on maternity capital

If you decide to use capital mat for building a house in the home, then you need to adhere to the following procedure.

Step 1. Purchase and registration of land ownership

Before you make the capital for building a house, you need to understand that the land on which it is planned to build housing must belong to the owner of the mother's certificate (or spouse).

Registration of the land in the property can occur in the following ways:

Buy a land plot;
Register the right of inheritance;
Draw up an annuity contract.

Important to remember! State support funds are allocated only in case of improvement of housing conditions.

Step 2. Choose a construction company

If you plan to build houses yourself on your own, then you can skip this step.

But if you attract a construction company, then the choice should be taken more responsibly.

When choosing a company you need to consider:

The amount of work performed (houses built, etc.);
Lifetime in the construction market;
Customer reviews.

It's important to know! Before concluding a contract with a construction company, you must notify her that you will attract maternity capital in the calculation.

Not all private companies operate according to this scheme of settlements.

Step 3. Collect documents and apply to the Pension Fund of the Russian Federation

Before you start building a maternity certificate with money, you will have to prepare a certain set of documents.

The mandatory documents include:

identity document;
SNILS;
The certificate itself
title documents for land owned by the owner of the parent certificate or his spouse;
written permission for the construction of residential real estate;
assurance that the constructed property will be executed in the ownership of the family no later than within 6 months from the date of completion of work.

Documents from the above list are the main ones. Depending on the individual characteristics of the situation, other references may additionally be required.

The full list should be clarified in the RF PF before preparing a package of documents. Please note that all papers must be valid on the date of presentation. This will help to significantly reduce the time for the procedure.

The finished package of documents is transferred to the Pension Fund, it is considered 30 days. This time is allotted to the RF PF for making a positive or negative decision.

If the construction is approved, half of the amount will be transferred to the owner of the parent certificate. The remaining money is paid no earlier than through 6 months. However, you will have to submit documents confirming the construction process during this half year.

Step 4. Receiving funds to a current account

The last step of this procedure is to receive money in a current account.

The order of transferring money depends on who it is transferred to:

if the account of the owner of the parent certificate, then the transfer is made in 2 stages: 1) after 2 months, part of the funds (no more than half of the total amount), 2) the remaining share no earlier than six months later;
if to the contractor’s account, then transfer is made by 1 payment.

Step 5. Building a house

If the construction will be carried out on its own, the law sets the time frame for the owner of the parent certificate: you need to have time to build the foundation of the house and its frame for 6 months (half a year). Since only after that the rest of the money will be transferred to the current account.

Get money from the PF and build a house on maternity capital

If the work will be carried out by builders (specialists), then less time is required, therefore, in this case, the entire amount is transferred immediately to their account.

3. How to get money for building a house before the child is 3 years old 🔨

The law establishes that payments under the maternal certificate until the child is executed 3 years, can only be used to pay off mortgages.

However, there is a way out of this situation. It is possible until the child reaches the age of three build your own house. But you should save all documents confirming the costs. When the child turns 3 years, you should go to the PF department.

In order to receive compensation, in addition to the passport, SNILS and the parent certificate, you will need:

document of ownership of the land;
certificate that the family participates in the state program for the construction of a residential building;
written assurance that through 6 months the house will belong to the family;
documents confirming the costs incurred.

4. How to get mat capital for building a house on a mortgage

When you can’t build a house using your own funds, you can arrange a mortgage in a bank for these purposes. What is a mortgage and a mortgage, we described in detail in the previous material.

In this case, the full debt or part thereof is paid from the funds of the maternity capital. This option is available even before the child is executed. 3 years. About how to take a mortgage at home, read the article here.

To receive funds in this way, you will have to submit the following documents to the Pension Fund:

identity document;
SNILS;
maternal certificate;
mortgage agreement;
bank statement reflecting the balance of the debt;
a document confirming the ownership of a residential property under construction or already built;
copy of the document authorizing the construction of the house, if the construction is not yet completed;
assurance that the house will be owned by the family within six months after receiving the maternity capital.

For an approximate calculation of the mortgage, you can use the mortgage calculator.

We also recommend reading - “How to buy an apartment for maternity capital”.

5. How to get equity capital for building a house with shared participation

Even if the house is still under construction, you can arrange the capital. The funds received shall be reimbursed for the expenses incurred.

To do this, you must provide the Pension Fund with a package of documents:

identity document;
SNILS;
certificate of maternity capital;
extract from the register of the cooperative;
cooperative charter;
a statement indicating the contributed part of the amount and the amount of outstanding debt;
the assurance that the property under construction will be re-registered for the family no later than six months after the end of construction.

In this case, the employees of the Pension Fund carefully study not only the right to receive capital, but also the object of the acquired property.

6. Conclusion + useful video

In this way, There is an opportunity not only to purchase finished housing, but also to independently build a house with the money of the capital.

However, one often encounters an offer to exchange a maternal certificate for money. Allegedly, they can be spent on any purpose. It is important to understand: such offers are contrary to applicable law.

The state exercises continuous control over the targeted use of maternity certificate funds. Do not try to cash out such capital. Such actions will be regarded as fraudulent. This will entail legal prosecution. Therefore, absolutely all actions with maternity capital must comply with the law.

In conclusion, we recommend watching the video: