Family mortgages for the year increased by one and a half times
In February 2025, banks issued 32 thousand mortgage loans under the family program, which is one and a half times more than in the same period last year, experts said.
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📝 Summary
In February 2025, banks issued 32 thousand mortgage loans under the family program, which is one and a half times more than in the same period last year, experts said.
The total amount of housing loans for families also increased - it is 181 billion rubles, which is 60% more than in February 2024. The Frank RG agency, whose data are cited by Izvestia, says that in February, mortgages were issued for 219 billion rubles: the family program accounts for more than 80% of all loans for housing in Russia. Since July 2024, the rules for family mortgage lending have changed: only families with at least one child under six can now apply for a preferential mortgage at 6%. This narrowed the range of potential applicants for a family mortgage: previously it could take families with two children under 18. However, the family program is becoming increasingly popular.
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