The Ministry of Finance of the Russian Federation has expanded the terms of the preferential program for Far Eastern and Arctic mortgages. This is reported on the website of the Ministry of Finance.
The program now applies to families in which the third or subsequent child was born after January 1, 2024. At the same time, the age limit for parents is lifted for such families. Citizens under the age of 36 can use the program. Such a restriction will no longer apply to large families.
Preferential mortgages are now available not only to teachers, but also to all employees of state or municipal educational organizations located in the Far East, as well as in the land territories of the Arctic zone of the Russian Federation. Restrictions on their position, age, and marital status are lifted for them.
It will be possible to use the preferential program not only for purchase in the primary, but also in the secondary housing market. This will affect cities where apartment buildings are not yet being built or the number of houses under construction does not exceed two buildings.
