A youth loan is a chance to own a home today
In Ukraine, until 2020, there is a state budget assistance program for young citizens of the country in the construction or purchase of housing. Not every young family is lucky enough to receive an apartment for their own needs as a gift or as an inheritance, so you can get your dream separate apartment with the help of the youth lending program.
The state can help in obtaining a long-term loan for the purchase of an apartment and compensate some of the interest on it. In addition, the state can also partially pay the loan amount itself. This loan option depends on whether the couple has children and how many there are.
The implementation of this program is carried out by the State Fund for the Promotion of Youth Housing Construction. It implements a national program, with the help of which you can get a youth loan for an apartment, and regional programs (they may define special conditions for residents of a certain region).
Conditions for receiving a youth loan
A youth loan for housing involves issuing a loan for up to 30 years. For the first installment, you will have to transfer 6% (maybe more) of the total cost of the apartment or house to the bank. The interest on the loan depends directly on the number of children in the couple:
- for childless families, the percentage part is 3% per annum;
- if the family has one child, it is granted an interest-free loan;
- provided that there are two children in the family, the state pays 25% of the cost of the accommodation;
- if the family raises three or more children, the state compensates 50% of the cost of the apartment (if the child was born during the contract, then the day of his birth is the beginning of the benefits).
Also, families of military personnel also have the right to apply for such an interest-free loan.
A youth loan is granted to citizens of Ukraine who have not yet reached the age of 35. Categories of such applicants:
- families with or without children;
- a single mother or father who has a child to support;
- a young person without his own family.
Such assistance can be provided to citizens who want to improve their living conditions. When submitting an application, the following factors are analyzed:
- residence of two families in one apartment;
- the area of the apartment calculated for each resident;
- accommodation of children (boys and girls) in one room;
- a certain disease that one of the family members has (these conditions and additional priority can be found in detail when studying the official documents on the foundation's website).
When receiving a housing loan for young families, the advantages are primarily used by:
- families with many children who live in difficult conditions or rent an apartment;
- spouses, in the event that one of them turns 35 this year;
- athletes with high sports achievements;
- young scientists with scientific degrees;
- families with whom a person with disabilities lives;
- candidates who want to live in the village.
The size of the loan from the youth fund
The Youth Fund (State Youth Housing Development Fund or State Youth Housing) is an instrument of state housing policy that implements various mechanisms of state support for citizens in their desire to acquire their own housing, including housing loans for young families.
You can buy an apartment with the help of a youth fund at your own discretion - of different areas and costs. You can buy both in a new building and in a house that was built no later than 20 years ago.
When calculating the cost of the loan, the fund's regional administrations use normative indicators of the price per square meter of housing and its area. Everything that exceeds these indicators, the bor
There are certain requirements for bor;
- the bor.
