Magadan families use maternal capital to buy homes and repay mortgages
Our website, April 27 – Since the start of 2026, the Magadan regional branch of Russia's Social Fund has approved 110 applications from Kolyma residents to allocate maternal capital funds toward purchasing housing or repaying mortgages, the fund's press service reports. Over 75 million rubles have been directed to these purposes.
Families may use maternal capital to improve housing conditions only after the child who granted the right to the benefit turns three. Exceptions include repaying the principal mortgage debt or making a down payment—funds for these purposes are available immediately after the child's birth or adoption.
Any property purchased or built using maternal capital must be located in Russia and registered as shared ownership among all family members.
When buying a house or part of one, applicants must also provide a certificate confirming the property is suitable for permanent residence. This document is issued by a special commission. To obtain approval, the maternal capital certificate holder should contact the local municipal authority where the property is located.
Applications to allocate funds can be submitted via the State Services portal, a Multifunctional Center (MFC), the regional Social Fund office, or directly at a bank if applying for a mortgage. Processing takes up to five business days, though this may be extended to 12 if the branch has not received all required information from other organizations.
If approved, funds are transferred within five business days.
For consultations on this and other matters, call the unified contact center at 8-800-10-000-01 (9:00 AM–6:00 PM, Monday–Friday).
