Far East mortgage issuance up 20% in 2024th year
The volume of loans under the Far Eastern mortgage in 2024 amounted to 232.6 billion rubles - the figure increased by 21% compared to the previous year and reached a record level, according to data from Dom.RF (available from Izvestia). This happened against the background of a drop in the issuance of all other mortgage state programs - on family mortgage they decreased by 2023, albeit slightly (by 3.7%), and on IT-mortgage - by 14%. Whereas the mass discount mortgage was canceled from July 2024.
"The annual growth is largely due to the expansion of the terms of the program. For example, from the end of 2023 it was extended to residents of Russian regions in the Arctic zone", - explained in the analytical center "Dom.RF".
In addition, the Far Eastern mortgage became available to a wider range of borrowers. For example, in 2024 the requirement for doctors and teachers, according to which they had to have five years of experience to participate in the program, added in "Dom.RF".
Also, restrictions were removed from employees of organizations of defense enterprises and new residents of the regions of the mortgage for the Far Eastern Federal District under labor mobility programs, specified in the press service of the Corporation for the Development of the Far East and the Arctic. In addition, since recently it has become available to participants of the special military operation.
Far Eastern mortgage can be issued in all 11 regions of the Far Eastern Federal District. Loan for housing at a rate of 2% with a maximum amount of 9 million rubles for a term of about 20 years are now given to young families not older than 35 years or single parents with children under 19 years, as well as employees of local medical and educational institutions and defense industry. All of them do not have to have local residence registration. In addition, the program is available to IDPs from the territories of Ukraine, DNR and LNR. The program is valid until 2030. You can use a preferential mortgage in the Russian Federation only once.
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