The authorities softened the conditions for obtaining preferential mortgages for IT specialists

The prime mortgage rate remains at the 5% per annum level, while point-of-entry requirements are relaxed.

“Salary requirements are also being relaxed, and not only income from the main place of work will be taken into account, but also part-time work,” Mishustin explained, quoted by Kommersant.

According to Deputy Prime Minister Dmitry Chernyshenko, in total, from 2022 to 2024, more than 50,000 employees of the sector can benefit from preferential mortgage conditions.

New requirements and rules:

• The minimum wage for Moscow remains at the level of 150 thousand rubles before deduction of personal income tax, for more than a million cities – 120 thousand rubles, for other regions – from 70 thousand rubles.
• Work experience in an accredited company must be at least five years.
• Income will be determined based on the place of work specified in the employment contract.
• The opportunity to obtain a mortgage at a prime rate is maintained for six months after the layoff of an employee (previously three months)

In the summer, the Ministry of Digital Development proposed to change the terms of preferential mortgages for IT specialists and lower the rate from 5% to 3%. And in September, the main Russian banks reported a decline in demand for subsidized mortgages. Then the experts pointed out the excessive requirements for both borrowers and employers.