Most residents of Russia can not purchase their homes without a mortgage. This is especially true in cases where an apartment or house is located in a big city or metropolis. In this case, financial institutions help. At the same time, many are denied mortgages at Sberbank. The reasons for this phenomenon may be different. To get a mortgage, you need to know about the requirements for borrowers, as well as about the factors that may result in a failure. All this is described in the article.
According to reviews, you first need to familiarize yourself with the rules for granting a home loan before applying. This will avoid many problems in obtaining a mortgage loan. It is necessary to consider the proposals of several banks, because each institution has its own lending conditions. From several profitable programs it will be possible to choose the most suitable.
Reasons for refusal
When the bank has received an application for a mortgage, it proceeds to analyze a large number of factors, including marital status, income, credit history. The property of a person is considered, which is considered a guarantee of the unpaid part of the loan. This provides a financial institution with the opportunity to profit in any case. The reasons for the refusal of a mortgage at Sberbank may be different. If there is at least some suspicion that the borrower will not return the funds, then the application is rejected.
According to customer reviews, many are faced with rejection of the application. Then you have to consider the programs of other banks. The reasons for the refusal of a mortgage at Sberbank are as follows:
- Insufficient solvency.
- No proof of income.
- Negative credit history.
- Short term of work.
- There are loans at other banks.
- A small amount.
- Small first payment.
As the reviews confirm, these factors are the most common, because of which the application is rejected. When required, a positive decision is usually made. Why a Sberbank mortgage is denied, customers are usually not informed. This is permitted under Art. 821 of the Civil Code of the Russian Federation, according to which the creditor may reject the application for the provision of funds, if there are certain circumstances. But borrowers themselves need to know about the refusals in order to assess the chances of getting a home loan.
Requirements
As the reviews show, you need to know not only the reasons for the failure. How to approve a mortgage at Sberbank? Customer's compliance with the requirements is taken into account:
- Age. The client must be at least 21 years old, and at the time of the latest payments - no more than 75 years. Other banks may have different age requirements.
- Fixed income, which exceeds the threshold indicator for the amount to be issued on credit. According to this factor, the client can evaluate its solvency.
- Lack of criminal record. Clients serving a sentence for breaking the law will not be able to get a mortgage. There is a low probability of issuing a loan if there is a conditional criminal record.
According to customer reviews, mortgage failures happen very often. You must know the requirements before applying.
Insolvency
According to reviews, this is the main reason for the refusal of a mortgage in Sberbank. Since the value of real estate is high in comparison with salaries, to obtain a loan you need to have a specific income. The average level in the country today is 35 thousand rubles. In some regions, this indicator is more or less.
When analyzing solvency, Sberbank takes into account the maximum amount, which should not be more than 30% of the income of working people in the family, from which the minimum for non-working dependents is deducted. If the income does not reach the required threshold, usually the customer’s application is rejected.
If the reason for the refusal of a mortgage in Sberbank is precisely this, then the situation will be corrected by increasing the size of the down payment, which is usually 20%. The larger this amount, the less you will need to pay each month. As a result, it will be possible to reduce the size of the payment to the level necessary to obtain approval.
Credit history
The reason for the refusal of a mortgage in Sberbank may be a negative credit history. Therefore, if you want to take a cash loan to buy a home, you need to pay for current loans in a timely manner. When considering an application, various nuances are taken into account. According to reviews, a refusal usually follows because of:
- Permanent arrears on loans issued at any bank. Even if the loan at one financial institution was paid at the wrong time, a person can be included in the black lists of other companies.
- Recently issued small loans, for example, loans on a mobile phone, raising doubts about the solvency of the client.
According to customer reviews, credit history has an almost decisive role in approving a loan. It is checked on a single database, in which there is information from all banks.
Documentation Issues
According to reviews, the reason for the refusal of a mortgage in Sberbank may be incorrectly executed or fake documents. All information provided to the bank is carefully checked. Incorrect data can cause a failure. When filling out the application and inquiries, you need to pay attention not only to errors, but also to blots that are indicated by bank employees.
An important factor is the implementation of documentation rules. Untimely pasted in the passport photo may be the reason for rejection of the application. And men, when applying to the bank, need to take a military card with them, indicating the relevant information - about serving in the army or the reasons for the delay.
Clients using forged documents cannot get a mortgage. In addition, due to this situation, it may be blacklisted. A loan to a person will not be issued not only by Sberbank, but also by another official financial structure.
Other reasons
There are other reasons for the denial of a mortgage in Sberbank after approval. Although they are not announced, they still influence the decision on the application. Other reasons include:
- Uncertain behavior of the borrower during an interview. As a result, the security service, the borrower may be suspected of concealing information.
- Unpresentability of the type of client, which raises doubts about solvency.
- Correspondence of education to work (if it is a leader or specialist, then it must be higher). This indicator helps to assess the likelihood of finding a job in case of job loss.
The reason for rejection of the application may be the danger of work. For example, a firefighter or a police officer is less likely to receive a mortgage loan compared to office workers. The reason for the refusal is a bad credit history of other family members whose income was taken into account in calculating the rate. Often, the security service refuses to receive a mortgage if it was not possible to contact the client's employer.
Failure Actions
Failure is an unpleasant event for customers. But there is still a way out. If there was a refusal of a mortgage in Sberbank, after how much can I apply? Repeated appeal is possible after 2 months. Often the next time borrowers get approval.
If you refuse a mortgage at Sberbank, what should I do? In this case, measures must be taken to increase the chance of a positive response in the future. If the client has not taken into account his credit history, then you need to familiarize yourself with it.It can be spoiled not only because of untimely repayments of a loan, but also because of technical failures and inattention of bank specialists.
To correct errors, the client needs to contact the bank that prepared the report from the credit history. If the story is spoiled by the client, then you should pay the current debt and regularly pay for several months, and then apply for a mortgage. According to reviews, in this case, applications are usually approved.
If the loan is refused due to low liquidity of the property, you need to find a new object that meets the requirements of the bank. It should be borne in mind that it is easier for financial institutions to provide a large loan for the purchase of an expensive apartment than to issue a small loan for a village house. In some cases, you can take only a consumer loan. To obtain it requires fewer documents compared to a mortgage.
Consideration should be given to filing applications with other banks. At each financial institution, requirements for borrowers are cast, so another organization can provide approval. If the rejection is associated with low or unstable income, you can attract co-borrowers or guarantors. Only close relatives can be the first. Guarantors are taken only by wealthy individuals. The client may pay a higher first payment or provide an additional deposit. In this case, the bank considers the application and makes a decision.
Broker services
You can contact a broker. Only then will you have to pay a commission. Broker help is ideal for:
- Persons who do not understand lending.
- Business people who do not have time to independently collect documents and complete a transaction.
- Borrowers who have been refused in several organizations.
Conclusion
Even if it is not possible to get a mortgage with the indicated recommendations, a loan can be taken by a spouse or other relative who meets the criteria of the bank. For most people, such a loan is a chance to buy their own home, therefore, to receive it should be approached responsibly. If one institution has been refused, you should contact another.
