How to young teachers to take a mortgage loan?

To young school teachers who have decided to take a mortgage loan, it is not necessary to bring an initial payment. Means for it are allocated to regions from the budget on terms of financing.

Provided that the initial payment for a mortgage makes no more than 20 percent from the credit sum. An indispensable condition for borrowers - age till 35 years. And for regions - acceptance of the mortgage program of crediting of young teachers with interest rate level not above 8,5 annual interest rates. On any other purposes to spend mortgage grants it is impossible for local authorities.

In the decision the formula on which calculation of the size of a grant will go is specified. The sum will depend on several indicators, in which number - cost of 1 sq. meter of habitation in each concrete region (according to Minregiona), average cost of habitation in all regions which have accepted the programs of mortgage lending, a quota on quantity of young teachers to which will give a mortgage. And in those regions where low cost of habitation, the quota on quantity of teachers will be above. For example, in Karachaevo-Circassia average cost of 1 sq. meter makes 20 700 roubles, and in the Kaluga 33 450 roubles. And the number of participants of the mortgage program in Karachaevo-Circassia will be above, than, for example, in Kaluga.

In the end of the year all regions should report, as they have used budgetary grants. For what it it is necessary not only to compare percent of those who has received a mortgage with all quantity of young teachers, but also to how teachers within a year improved the living conditions thanks to other state and regional programs.
Local authorities will have a serious interest in that teachers actively used a mortgage, differently the size of a grant can be cut down. For example, if for October, 1st of current year cash expenses of region make less than 30 percent of that is provided by the schedule, the size of a grant can be reduced. And if local authorities by the end of the year don't execute the obligations will obtain less money for compensation of an initial payment next year. This money simply will redistribute between those who honesty carries out of the social obligations.