OREANDA-NEWS. September 28, 2012. State mortgage is gaining momentum. If in 2011 only 290 people were able to take out a mortgage lending for the program of the State Mortgage Institution, for almost nine months of this year already 820 Ukrainians have been able to purchase their own homes, using the State Mortgage Institution’s mortgage program. For this purpose was sent more than 200 million UAH. This was announced by Chairman of the State Mortgage Institution Valentyn Rybachuk during a briefing at the Government House.

He noted that in August of this year, partner banks of the State Mortgage Institution (113 banks) granted 174 preferential loans for house purchase in the amount of nearly 43 million UAH.

According to Valentyn Rybachuk, in March of this year, Mykola Azarov has set a task to increase the volume of mortgage lending in 2012 in twice. The State Mortgage Institution, not only did the work, but also tripled the rate.

"During the month 174 more families have their own housing with the help of a program developed by the state. There are another 220 applications amounting to 46 million UAH on consideration in the SMI are. The dynamics of growth of mortgage lending together with the State Mortgage Institution predicts of 1000 loans granted for the purchase of housing"- said the Chairman of the State Mortgage Institution.

Valentyn Rybachuk also added that as for 09/25/12 there are 5163 loans worth 847 million UAH on the balance of State Mortgage Institution. The total number of loans granted to citizens with the support of the establishment of the State Mortgage Institution is 8500 loans amounting to 1.3 billion UAH.