Russian media reported on 29 September 2026 that the conditions of the country’s subsidised family mortgage programme will become stricter from 1 October. The reported changes include higher income requirements, a shorter maximum loan term and higher interest rates for many families.
The programme was introduced in 2018 with an annual interest rate of 6% and has been used to finance purchases in new-build developments. Under the new rules, the maximum subsidised term will reportedly fall from 30 years to 15 years. Income requirements are expected to rise by about 1.4 times for families with one child and 1.3 times for those with two children.
For a loan of 12 million roubles over 15 years, the required combined monthly income is reported to be about 240,000 roubles for a family with one child and 214,900 roubles for a family with two children. The figures are 191,100 roubles for families with three children, 168,800 roubles for four children and 147,900 roubles for five or more children.
In the capital regions, the reported rates will vary according to the number of children: 12% for families with one child, 10% for two children, 8% for three, 6% for four and 4% for five or more. Preferential conditions are reported to remain largely available to participants in Russia’s war in Ukraine, disabled people and families with several children.
According to the supplied material, a household that previously needed a monthly income of about 120,000 roubles to qualify for a 6% mortgage over 30 years may now need approximately 240,000 roubles under a 10–12% rate and a 15-year term. The material says the changes are likely to reduce housing affordability and demand for flats in new-build developments.
It also attributes the changes to pressure on public finances and says that the government is seeking to reduce the gap between market mortgage rates, reported at about 20%, and subsidised rates. Several banks, including VTB, Bank, Alfa Bank, Gazprombank, Uralsib, Russian Agricultural Bank, Ak Bars Bank and Svyaznoy Commercial Bank, are named in the material as having previously suspended or restricted the programme. These claims have not been independently verified here.
The supplied figures indicate that the programme’s limits may cover only part of the cost of housing in Moscow and its surrounding areas without substantial additional savings. A two-bedroom flat in new-build developments in New Moscow is reported to cost an average of 19.4 million roubles, compared with 25.3 million roubles in mass-market developments in Old Moscow and more than 42.5 million roubles in business-class developments.
The material also reports that unpaid mortgage loans and interest reached 276 billion roubles by the end of 2025, 76.6% more than in 2024, while arrears increased by 180% between 2023 and 2025. It lists Moscow Region, Moscow, Krasnodar Region, Tyumen Region and St Petersburg as having the largest reported amounts of problem mortgage debt.
Source report | Report on the new conditions
