“Arctic mortgage” is gaining momentum: 1 200 preferential loans for housing have already been issued
In the Arctic zone of the Russian Federation, the popularity of the housing lending program for young families and preferential categories of citizens at the lowest interest rate in the country is growing. In the region, the Arctic Mortgage program was launched at the initiative of the President of Russia at the end of November 2023. Residents of the Murmansk region, Nenets and Yamalo-Nenets autonomous districts, as well as a number of territories of the Arkhangelsk region, Krasnoyarsk Territory, the Republics of Komi and Karelia can submit documents for receiving a preferential housing loan with state support.
To date, over 1.2 thousand loans have already been issued under this program. The leaders in issuance are the Arkhangelsk region, Krasnoyarsk region, Murmansk region and the Republic of Karelia. The average loan size in the region is RUB 3.68 million. The implementation of the preferential mortgage project with state support in the Far Eastern Federal District and the Russian Arctic is supervised by the Far East and Arctic Development Corporation (FEDC).
In the Arctic zone of the Russian Federation, the popularity of the housing lending program for young families and preferential categories of citizens at the lowest interest rate in the country is growing. In the region, the Arctic Mortgage program was launched at the initiative of the President of Russia at the end of November 2023. Residents of the Murmansk region, Nenets and Yamalo-Nenets autonomous districts, as well as a number of territories of the Arkhangelsk region, Krasnoyarsk Territory, the Republics of Komi and Karelia can submit documents for receiving a preferential housing loan with state support.
To date, over 1.2 thousand loans have already been issued under this program. The leaders in issuance are the Arkhangelsk region, Krasnoyarsk region, Murmansk region and the Republic of Karelia. The average loan size in the region is RUB 3.68 million. The implementation of the preferential mortgage project with state support in the Far Eastern Federal District and the Russian Arctic is supervised by the Far East and Arctic Development Corporation (FEDC).
