Mortgage loan for a young family to purchase residential property on the primary market.
Purpose	new build
Collateral	Acquired property appraised at market value
Down payment	from 7%
Loan term	10 - 20 years
Loan currency	֏
Loan amount	to 27 750 000֏
Payment type	Annuity
Validity period of the decision	15 business days
Additional terms	Clients whose total monthly net income exceeds 800 000 AMD cannot be financed Or if anyone owns another residential property (apartment, house), except when the space allocated per registered (resident) person in the given apartment/house is less than 18.0 sq. m Or if they do not intend to move permanently into the acquired apartment The acquisition cost of the property must not exceed 30 000 000 AMD, and at the same time, the appraised market value must not exceed 31 000 000 AMD

This loan can be taken under the following programs:

State Target Program "Affordable Housing for Young Families"

Documents required for application:

Identification documents
Marriage , divorce, death certificate
Identification documents of family members and co-borrowers
Certificate of the actual place of residence
Certificate from the tax inspectorate on the availability of an individual account
Other documents at the request of the bank's credit specialist

Documents required after loan approval:

Buyer
Property insurance contracts and co-borrowers' accident insurance contracts
Property appraisal report
Other documents upon request by the bank's credit specialist.
Seller
Legal entity:
For limited liability companies, a certificate of the company’s net assets must be requested, and for joint-stock companies, a certificate of the company’s balance sheet asset value.
Unified certificate
Other documents upon request by the bank's credit specialist.
Individual:
Unified certificate
Other documents upon request by the bank's credit specialist.

Mortgage Housing for Young Families from Araratbank