Program "Far Eastern Mortgage" for teachers and doctors

The Far Eastern Mortgage program has enjoyed stable popularity since its launch in December 2019. Every month, about 1.2 thousand young families in the Far East receive preferential loans for the purchase or construction of their own housing at the most favorable interest rates in the country. At the initiative of the Ministry for the Development of the Far East of Russia and the Corporation for the Development of the Far East and the Arctic (FEDC), the conditions of the program are supplemented and improved, responding to the requests of the inhabitants of the region.

From June 2022, the program can be used by teachers with at least 5 years of work experience in their specialty in a state or municipal educational organization located on the territory of a subject of the Far Eastern Federal District, as well as employees of state or municipal medical organizations of the Far Eastern Federal District with at least 5 years of work experience. There are no age or marital status requirements for doctors and teachers.

677 teachers and doctors have already improved their living conditions after the expansion of the state program. Of these, 348 loans were given to teachers, 329 loans to medical workers. The total amount of loans is 3.2 billion rubles, the average amount is 4.8 million rubles.

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© Russian Far East and Arctic Development Corporation, 2024