The Ministry of Finance of the Russian Federation has approved the updated terms of the family mortgage program. The changes will take effect from October 1, 2026 and will apply to new loan agreements.
The main thing about the new conditions
The key innovation is the differentiation of the interest rate and the maximum loan amount. Now the parameters depend on the number of children in the family and region of residence. This is intended to make the program more targeted and oriented towards demographic objectives.
The program remains available to families in which at least one child is under 7 years of age at the time of conclusion of the contract.
Conditions by region
For Moscow, St. Petersburg, Moscow and Leningrad regions:
- 1 child: rate - 12%, maximum loan amount - 12 million rubles;
- 2 children: rate - 10%, maximum amount - 15 million rubles;
- 3 children: rate - 8%, maximum amount - 18 million rubles;
- 4 children: rate - 6%, maximum amount - 18 million rubles;
- 5 or more children: rate - 4%, maximum amount - 18 million rubles.
On the rest of the Russian Federation:
- 1 child: rate - 10%, maximum amount - 6 million rubles;
- 2 children: rate - 8%, maximum amount - 8 million rubles;
- 3 children: rate - 6%, maximum amount - 10 million rubles;
- 4 children: rate - 4%, maximum amount - 10 million rubles;
- 5 or more children: rate - 2%, maximum amount - 10 million rubles.
Additional program parameters
- The maximum period for subsidizing a preferential mortgage loan is up to 15 years.
- The rate on a preferential loan for the construction of a private house, completion of construction, or for the purchase of land with subsequent construction of housing remains at 6% - regardless of the number of children and the region.
How changes may affect the market and borrowers
The updated conditions make the program less accessible for most families - primarily for those with 1-2 children: it is this category that makes up the bulk of potential program participants. Due to rising rates, the monthly payment will increase significantly, which may reduce the chances of loan approval.
The market is expected to adapt to the new rules in the coming months. At the same time, maintaining a preferential rate of 6% for individual housing construction may stimulate demand for suburban real estate.
Experts also predict a surge in borrower activity in September - before the changes come into force: some buyers will want to have time to apply loan on the same terms. After October 1, a decline in demand in the segment of families with 1–2 children is likely. Some buyers may switch to the secondary market or other mortgage programs, and some transactions may be postponed.
Reducing the subsidy period to 15 years will also affect the payment burden: borrowers who were counting on comfortable payments throughout the loan term will be faced with the need to revise their financial plans.