As the military to buy an apartment?

Agency for Housing Mortgage Lending (HMLA) has developed a loan product "Military mortgage. The program is designed to solve the housing problems of young officers and soldiers under contract with public funds "Military mortgage" is designed for all young men - and, not only officers and warrant officers, and soldiers, security contractors. All applicants for credit must be members of the accumulative-mortgage system of housing for military personnel (NIS). Budgetary funds the military, members NIS, the federal budget each year pays the funds are subject to certain conditions, they can spend on a home purchase. Size of charges this year is 189, 9 thousand rubles. All accumulated for years of service money INE members use as a down payment on the loan and the subsequent debt repayment. Before your loan specialists of the bank expects its maximum size. He refers to the amount that builds up on the participant's account to the NIEs 45 years (age of retirement from military service) and can not exceed 2 million. Plus "Military Mortgage" The main advantage - the soldier can buy a flat in early life and at state expense. Availability of housing, which could become collateral for the loan - necessarily. Subject of the pledge serves to acquire real estate. Buy an apartment on the program can be in any region of Russia, and not just a desk. In 2011, the rate on the loan is 9.75% per annum, the minimum initial contribution - 10% of the cost of housing. Repayment of debt to the bank soldier - taking care of FGU Rosvoenipoteka "created specifically to address the housing needs of soldiers and officers. It will list all required payments on the loan, including the initial fee. More details can be found at voendom.ru Features used to obtain mortgage funds listed on the program, TIS, only three years after joining the program. The state will repay the mortgage loan only to military personnel who have served at least 20 years in the Armed Forces. With a planned downsizing of the unit or dismissal from the army for health life, giving the right to repay the loan from the federal budget is reduced to 10 years. If life is less party program "Military mortgage"'ll have to settle with the bank and return to the state money given earlier to buy an apartment. Source: HMLA