Young Family is a mortgage program designed specifically to provide housing for young families. A young family is a family in which the age of each of the spouses is not more than thirty-five years old. Here are some tips on how to get into the Young Family program.
It is necessary
You will need to collect a large package of documents and write an application for a state subsidy
Instructions
Step 1
Collection of documents. You will have to collect a lot of documents confirming that you are a young family and need to improve your living conditions. You will attach them to your loan application. The list of documents is long, you can download it on the Internet at the websites of administrations or real estate agencies.
Step 2
Submission of documents. It is best to hand in your package of documents against a receipt to a real estate agency - they will take care of issues related to the passage of instances. If you want to do everything yourself - hand over the documents to your city administration - there should be a special department.
Step 3
Consideration period. The first stage of waiting for the result lasts about a month, then you will be informed whether your family is recognized as a “young family” in need of better housing conditions or not. If you are not recognized as a “young family”, then your documents will not be considered a second time.
Step 4
If you admit it, the second stage of waiting begins. You will be put in line of the same "young families" and you will have to wait for it to reach you.
Step 5
Apartment purchase. After it’s your turn, you go to the bank and apply for a mortgage.
