Fifteen years ago, the meaning of the word "mortgage" was understood only by bankers. Although today it is already well established in circulation, but still many still have questions.
Definition
The word "mortgage" in Greek means "collateral." In the VI-VII century BC, the so-called post on the land with the name of the creditor and the amount of debt. Today, a mortgage means a mortgage loan for real estate, which, although it remains at the disposal of the debtor, but in case of default, can be realized by the bank.
The amount and terms for which the contract is drawn up directly depend on the type and cost of the house (plot), the size of the down payment and the client’s solvency. Almost every lending institution has this product in stock, but only one of them has the most favorable conditions. Next, you will learn how to take a mortgage at Sberbank.
Options
Sberbank of Russia offers eight mortgage programs: three of them are basic, five others are specially designed for certain categories of the population. The rate varies from 9.5-15% per annum in rubles. The most favorable conditions are presented in the program "Young Family. Mortgage with state support", you can get a loan on it if you pay a significant (50%) down payment. The bank will receive the most profit from a loan for the construction of an individual house.
Basic programs
There are only three of them, and they are very similar to each other. They do not have commissions when signing and maintaining the contract (except for a late payment penalty), the rate depends on the amount of the advance payment and the loan term. Customers who receive a salary or pension at a financial institution are served on a preferential program.
You can take a mortgage in Sberbank of Russia for a period of up to 30 years in rubles or in foreign currency with advance payment not less than 15%. These conditions apply to finished objects, housing under construction and cottages. For the first two programs, the service rate is 9.5 -14% in rubles, 8.8 -12.1% in US dollars, and for the third - from 11.7 to 14.75% in rubles, 9.1 - 12.1% in foreign currency. If the client can pay more than 40% of the advance payment, then there is an option to get a loan without proof of income.
State social program
Customer solvency is of paramount importance when drawing up real estate lending contracts. And from this point of view, military personnel, large families and other categories of the population, which the state should take care of, were automatically excluded from the list of possible borrowers. Until recently.
Two years ago, a special program "Social Mortgage" was developed, under which borrowers had the opportunity to become owners of economy-class housing built by a legal entity. The Bank grants loans in Russian rubles at an annual rate of 10.5 - 14.75%, but provided that the client can make at least 20% of the down payment. At the time of the decision, the total income of the borrower's family is taken into account.
Before you take a mortgage at Sberbank, you need to make sure that you do not fall under the exceptions. The contract can be executed only by citizens over 21 years of age and who, at the time of repayment of the debt, have not reached the age of 75 years. The maximum loan amount depends on the region of residence of the client. In St. Petersburg and Moscow, you can conclude an agreement for 8 million rubles, in other areas - 3 million rubles. The monthly payment should not exceed 30-35% of the gross family income.
Mortgage + Maternity Capital
Under this program, a loan is issued at an annual rate of 9.5 - 14% in rubles, 8.8 - 12.1% in dollars, subject to an initial payment of at least 10%. Advance payment can be made by paying the child’s birth. Within six months after signing the documents, a transaction should occur from the Pension Fund of the Russian Federation to Sberbank.
You can also take a home mortgage under the refinancing program, in which the client reissues a loan concluded with another commercial bank. The loan amount should not be more than the remaining funds under the contract or 80% of the cost of housing. The late payment interest is double interest rate plus the monthly payment amount.
"Young family"
This is a mortgage for a couple in which either spouse has not reached the age of 35, with a reduced down payment (10% for a family with one child, 15% in other cases). Co-founders for this program can be newlywed parents. In this case, the bank will take into account not only official income (salary, pension), but also additional sources of cash. If a child in the family is born after the signing of the documents, the financial institution may provide an annual deferral of loan repayment.
"Country real estate and garage"
Under this program, you can get a loan for a plot, garden house or cottage at 10-14.75% in rubles or 8.8-12.1% in foreign currency. For salary clients of Sberbank, the rate is 0.5% lower. Documents are issued for the purchase of a plot of land, the completion or construction of a summer house begun from scratch. The maximum loan size should not exceed 85% of the estimated cost of construction or mortgaged property.
How to get a mortgage in Sberbank without down payment
You can re-arrange your existing loan under the refinancing program. But in this case, the loan rate may be higher than normal conditions of service. The second option is to apply for a “Social mortgage” on the security of another home you own.
Any preferential program is associated with large bureaucratic troubles, but the percentage of approved applications in Sberbank for them is still higher than in other institutions.
Borrower Requirements
To obtain a mortgage you need to meet a number of requirements:
• citizenship of the Russian Federation;
• age: 21 - 75 years old (at the time of debt repayment);
• minimum length of service - from six months at the current place, total - more than 12 months over the past 5 years (this item is not important for salary clients);
• attraction of 1-3 co-borrowers.
I want to take a mortgage at Sberbank: what is needed for this
First you need to soberly assess your financial situation. It is also worth preliminary familiarizing yourself with property prices in order to understand how much loan you want to receive. Where to get a mortgage at Sberbank? You must contact the department at the place of residence or registration.
At the first meeting, it is necessary to provide all documents about the borrower (copy of passport, certificate of employment for the past six months). To take a mortgage at Sberbank, a pensioner needs to provide a certificate of the amount of social payments for the last 6 months. On their basis, the Credit Committee must decide whether to grant a loan at all, and for what amount. The borrower will receive an approval decision. It will indicate the credit limit and the validity period of the paper.
Next, you need to choose housing based on the specified amount. The final stage is the collection of documents and their transfer to the bank. Four packages of papers must be provided to the credit institution: about the borrower, about real estate, about guarantors and data for participation in special programs. From the moment of receiving a preliminary positive decision of the bank from the borrower, it takes 4 months to collect them. During this time you need to prepare:
- copies and original passports of family members of the borrower;
- application;
- income statements for 6 months of all family members;
- purchase and sale agreement with state registration, insurance policy and acceptance certificate;
- passports and certificates of income of guarantors;
- documents for maternity capital.
This is a standard list. The bank may request other documents.
IP must present the following papers:
- Tax return.
- The book of the account of expenses and incomes.
- License to carry out activities.
- Certificate of registration from the USRIP.
If the credit institution approves the selected object, the client will receive a loan. Money can be transferred to the account of the seller or borrower. In the second case, a non-cash payment for the transaction will have to pay a large commission.
Features
How to get a mortgage in Sberbank for young people? Young people over 18 must guarantee the financial institution that even if they are called up for service, they will be able to repay the loan. Girls must prove that even after marriage and the birth of a child, they will repay the loan in a timely manner.
A popular Russian bank offers really interesting lending conditions: low rates, flexible terms, no commissions, the ability to attract co-borrowers. And all this without considering special programs and promotions, which are held quite regularly. The latter took place in mid-2014. So, Sberbank offered everyone to take a mortgage for a new building for 12 years at 12% per annum and the same amount of the advance payment. In the secondary market, it was possible to purchase housing on credit for five years. Provided that the client could make an advance payment of 50% or more.
Not surprisingly, the number of customers who have taken a mortgage at Sberbank is constantly increasing. User reviews confirm that there is still a fly in the ointment here: slow service, lengthy review of documents, the need to provide a large number of additional references and other bureaucratic delays. But even these nuances do not reduce all the advantages of Sberbank programs.
Summary
Today, residents of Russia have much more opportunities to purchase an apartment, a cottage, a cottage or a house on borrowed funds. To do this, you need to take a loan from Sberbank. A mortgage is issued for several months. First, you need to provide borrower documents for review, and after obtaining preliminary approval, look for an object. The procedure may be shortened if the employer is accredited by Sberbank, or the property was built with the participation of a financial institution. In the second case, the developer may have joint preferential programs.
