Agency for Housing Mortgage Lending and the best deals

JSC "Agency for Housing Mortgage Lending" (HMLA) was established by the Government in 1997. The main objective of the company is the realization of national project "Affordable housing". The agency strives to provide the most favorable conditions for buying real estate in the mortgage and as well as helping borrowers refinance loans taken. HMLA implements five programs lending. Dwell on each of them. New development. Credit is given for the purchase of real estate, built from 2007 to 2010. The initial payment is 10%. If you're willing to pay more than 30%, then there will be no need for insurance on the loan agreement. Maximum loan amount - 4,000,000 USD. (For Moscow and St. Petersburg - 8 million rubles.). No more than three co-borrowers can pay up to 45% of monthly income. The interest rate depends on the size of the down payment - than it is, the smaller percentage. When the first payment to 19% of the value of the property value of the loan amount to 11,5% per annum, with payment of 30-39% - 11%, while 50-70% - 10,5%. Maternity capital. This program offers loans with low down payment. To repay the loan should go maternity capital (343378.8 rub.). The maximum loan amount (excluding matkapitala) - 4 million rubles. With an initial contribution of 30-39% you will be given credit at 10.75%, while 50-70% - a 10.25% APR. The standard mortgage. Offered for primary and secondary housing markets, as well as the construction of their own property. The initial payment of 10%. Maturity of the loan to 30 years, but before the age of 65. Prohibition on prepayment of 6 months. Interest rate: with an initial contribution of 10 to 19% - 12,5% per annum, with 30-39% - 12%, while 50-70% - 11,5%. Military mortgage. Agency for Housing Mortgage Lending offers this product for participants storage-mortgage program. Loan maturity measured by the number of years before the 45-year-age soldier. Maximum loan amount is 2 million rubles. The interest rate is equal to the formula: 2% + interest rate by 1 December of the previous year. Compulsory insurance is purchased real estate, life and disability participant. Variable rate. A feature of this proposal is dependent on the value of the loan refinancing. The client to insure a corridor of 5 to 20%. Maximum loan amount - 4,000,000 USD., Term payments - up to 30 years. Monthly payments should not exceed 35% of the income of the borrower. With an initial contribution of 30-39% interest rate is 9.75%, with 40-49 - 9.5%, with 50-70% - 9,25% per annum. Now you know the deals on loans. It remains only to choose the most advantageous, to execute documents and move to a new apartment ...