Buying your own home for many Russian citizens is a serious problem. For single mothers raising one or more children without anyone's support, this issue is even harder. A mortgage for a single mother will be a serious problem, but housing needs to be addressed. Therefore, measures to support such a socially vulnerable category of the population have been developed and are being implemented at the regional and state levels. Let us consider in more detail the question of whether single mothers are given a mortgage, what will be the conditions and whether benefits are possible.
In modern conditions, the concept of "single mother" has long been outdated and refers, rather, to the terminology of Soviet times. Usually this is a woman raising one or more children, not married. At the same time, the so-called “civil marriage” is not taken into account here.
From the point of view of banks and other credit institutions, single mothers are not singled out as a separate category of borrowers, therefore, no benefits or loyalty are applied to them. A mortgage for a single girl with or without children is issued on a general basis.
The exception is special social mortgage programs, which are implemented at the level of subjects of the federation. When applying for a preferential mortgage loan, a woman will be able to receive a one-time subsidy (gratuitous payment from the budget) for the purchase of housing or other softening of credit conditions (for example, a reduced interest rate). It all depends on the region of registration of the applying citizen.
The status of a single mother for obtaining a social mortgage must be confirmed by the relevant documents and certificates, which must be provided to the authorized body. This category of citizens has more social guarantees than some others. For example, it is rather problematic for a single mother to be fired or cut from her job, which increases the likelihood of her stable employment and permanent income.
CONCLUSION: A single mother raising children without the support of a father can get a mortgage in two ways: get a mortgage loan on general terms at a bank or a social (preferential) mortgage for socially vulnerable people. The specific option will depend on the solvency of the borrower, on the state support programs offered in the region and the conditions for them.
Social mortgage for single mothers
Single mothers whose income level does not allow them to count on obtaining a regular mortgage from a bank, and whose housing issue needs urgent resolution, can count on state assistance in the form of a social mortgage.
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