What will happen to the preferential mortgage after July 1?

Argumenty i Fakty Weekly No. 10. Setting the bud for the holiday 06/03/2024

The authorities are going to reform the mortgage by July 1. What will change after this date?

Что будет с льготной ипотекой после 1 июля?

— There is a high probability of a radical change or even cancellation of the most massive preferential mortgage — for new buildings at 8%, but the rest of the programs will most likely be extended after July 1, — says Alexander Tsyganov, professor at the Financial University under the Government of the Russian Federation. — The President directly instructed to extend the family mortgage program until 2030, and to pay special attention to families with children up to and including 6 years old. For them, the preferential loan rate will remain the same — 6%. Special conditions can also be created for residents of small towns. Other preferential programs — Far Eastern, Arctic, IT mortgages and mortgages for new regions are likely to remain, because they are largely social and targeted.

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