How To Buy An Apartment For A Single Mother

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How To Buy An Apartment For A Single Mother
How To Buy An Apartment For A Single Mother

Video: How To Buy An Apartment For A Single Mother

Video: How To Buy An Apartment For A Single Mother
Video: How to Buy a House as a Single Mom !! 2024, March
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Real estate prices are growing every year and not all families can afford to take out a mortgage to purchase an apartment. It is all the more difficult for a single woman raising a child without a husband to buy a house. But if her age is not more than 35 years old, you can become a member of the Federal program "Young Family - Affordable Housing" or "Mortgage for a Young Family". In these programs, not only full families can participate, but also single young parents raising minor children.

How to buy an apartment for a single mother
How to buy an apartment for a single mother

It is necessary

  • - application;
  • - passport;
  • - birth certificate of children;
  • - income statement;
  • - act of inspection of living space;
  • - certificate of lack of housing;
  • - certificate of family composition;
  • - certificate of a single mother;
  • - certificate of divorce (or marriage);
  • - Bank account number.

Instructions

Step 1

To enroll in one of the programs, contact the Housing Policy Department of your local area administration.

Step 2

Fill out the application form provided. Show your passport, birth certificate of a child or children, income statement form 2-NDFL. Full and single-parent families with sufficient income to pay off a mortgage or to pay the remaining amount for housing can participate in the program. The subsidy provided does not cover all the costs of buying a home.

Step 3

An incomplete family with children is provided with 40% of the cost of housing. The amount of the subsidy allocated is reviewed annually based on market prices for real estate. In some regions, there is a social subprogram, according to which you can get an additional 5% for the birth of each child.

Step 4

In addition to these documents, you must provide an act of survey of the living space or a certificate of lack of housing, a certificate of family composition, a certificate of a single mother. If you are raising a child alone because of a divorce, a divorce certificate will be required. You also need to provide a bank account number where funds for the purchase of housing will be transferred.

Step 5

Many banks participate in the Federal program and are ready to issue a mortgage loan for the missing amount at minimal interest.

Step 6

After one month, you will be advised that you will be queuing up for the program. If you are age and income eligible for the program and have been told that the decision was okay, contact the Department and get a certificate confirming your participation in the Federal program.

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