How to get a mortgage loan at Sberbank – loan conditions, requirements for borrowers and interest rates

The content of the article

• What is a mortgage
• Mortgage programs of Sberbank
• With state support
• Refinancing secured by real estate
• Young families
• Housing under construction
• Finished housing
• country estate
• Residential building
• How to get a mortgage in Sberbank
• Stages of the procedure
• What are the conditions for a mortgage in Sberbank?
• Borrower Requirements
• Loan security
• What documents are needed to obtain a mortgage of Sberbank
• Basic package
• Social Mortgage
• Preferential programs
• Maternity loans
• Pros and cons of mortgage lending in Sberbank

Housing sales are in great demand, despite the crisis, but apartments and houses are expensive, and there is not enough money for them, especially for young families. Sberbank is considered one of the largest financial institutions in the country with an extensive network of branches, so many would like to decide how to get a mortgage in Sberbank so that the program provides for conditions with a small down payment from the borrower. Sberbank has a lot of mortgage loan products, and before you get a mortgage loan at Sberbank, you need to consider all conditions.

What is a mortgage

Many people think that a mortgage is a real estate loan. However, this concept is much broader. If a person wants to take a loan from a bank and provides his immovable property as security, then it is considered that he takes a mortgage. Initially, it was called the pillar, which the ancient Greeks put on the land of their debtor, noting that if the debt was not paid, the land would go to the lender. Banks, providing the issuance of ruble and foreign currency loans, have the right to take the property to themselves if the borrower does not pay the debt in the specified time.

When issuing loans, banks must be sure that they give money against reliable collateral. A real estate loan is a good way to invest, because apartments are always in price, they can be sold profitably. Therefore, for those who want to take a mortgage for an apartment in Sberbank, this financial structure provides the most sparing requirements, the interest for taking funds is low, and the return period extends for many years, sometimes decades.

Mortgage programs of Sberbank

For those who are interested in the question of how to get a mortgage at Sberbank, this credit and financial organization provides various official products and programs. Each borrower from Moscow and St. Petersburg can choose for himself a suitable option from the following:

• Take a mortgage loan from Sberbank subject to state support. The minimum loan amount is from 300 thousand rubles, the down payment is 20% of the value of the property, the validity period is up to 30 years at a rate of 11.4% per annum. Debt repaid annuity.
• Take a mortgage loan with your own property. The maximum amount should not exceed 10 million rubles, an initial payment is not needed, a mortgage is issued for a period of up to 20 years at a rate of about 15% per annum, debts are paid off in equal annuity payments monthly.
• Young families can take a mortgage for an apartment in Sberbank at preferential terms – at 9.5% per annum, with an initial contribution of 20%, in the amount of 300 thousand rubles, for a period of up to 30 years, with monthly payments calculated using a credit calculator for Sberbank website.
• For housing under construction, a loan can be taken with an initial contribution of 15% at a rate of up to 10% per annum, a minimum amount of 300 thousand rubles, for a period of 7 to 30 years, depending on how this loan is subsidized by Gosstroy. Provided in one or two parts, debts are paid off monthly.
• For those who are wondering how to get a mortgage in Sberbank for apartments in the secondary market, the Security Council of the Russian Federation provides the following conditions: loan amount from 300 thousand rubles, interest rate up to 10% per annum, up to 30 years with an initial payment of 20%, repaid monthly payments.
• If you want to build a house or a cottage in the country, the SB of the Russian Federation provides a special mortgage program: loan amount from 300 thousand rubles, an initial payment of 25%, a rate of 11.5% per annum for a period of 30 years with annuity repayment.
• For those who want to build a private house in the city, Sberbank gives loans on such conditions: the amount of 300 thousand rubles. for 30 years, with a rate of 12% per annum, an initial payment of 25%, repayment in equal installments every month.

With state support

To solve the problem of how to get a preferential mortgage at Sberbank, subject to state support for the military, you need to know that you will have to take out insurance, otherwise the interest rate will increase from 11.4% to 12.4% per annum. In addition, you can only buy real estate from the developer or owner, who is a legal entity and not an individual. The product extends to the primary and secondary real estate market.

Refinancing secured by real estate

The difference of this loan from others is that it is inappropriate – you can spend money as you like, Sberbank does not track the target spending of customers who have used this type of loan. In addition, there is no down payment and insurance is optional. A pledge can serve as any property, up to the existing garage or land.

Young families

To take a mortgage for young families who have a child, you need to know that the mortgage offer applies only to the secondary housing market when selling an apartment or house to an individual. At the same time, a child cannot be a party to the transaction, the age of the borrower is from 21 to 35 years, the apartment should not be in shared ownership, and must be acquired by the seller after 1998. Due to the large influx of people wishing to obtain mortgage real estate, Sberbank stimulates electronic filing of applications for mortgages online with a rate of 9.5% at a base rate of 10%.

Housing under construction

To find out how to get a mortgage in Sberbank for housing under construction, you need to carefully read the terms of the action – depending on the receipt of loans from the developer, a loan may be allocated at 10.7% or 8% per annum for a period of 7 to 30 years. In this case, the down payment is 15% if the borrower has given information about income, and 50% if the Security Council of the Russian Federation has not received this data. Settlements are made through accreditation – the bank transfers the amount to the client’s account, and he can withdraw it only after he submits to the intermediary the necessary documents (DDU).

Finished housing

The difference between this mortgage product and the others is the advantage in relation to young families – they can get a loan at 9.5% per annum, subject to electronic paperwork. In addition, in the calculations, you can use maternity capital and receive tax deductions of up to 13% for the listed interest, which, depending on the cost of the apartment, can be up to 260 thousand rubles.

country estate

For those who are tormented by the question of how to get a profitable mortgage in Sberbank to build a summer house or cottage outside the city limits, it is proposed to apply for a loan with the following restrictions – if you are not a client of the Security Council of the Russian Federation, the rate increases by 0.5%, and will be 12 % per annum. In addition, the rate increases by one percent if you refuse to take out life insurance. It is allowed to attract co-borrowers in an amount of not more than 3 people.

Residential building

A loan for the construction of your house is possible only during a preliminary assessment of housing under construction. The loan amount will not exceed 75% of the appraised value, while co-borrowers are allowed to be involved. Prior to registration as a pledge of a house under construction, it is necessary to provide the bank with other collateral – other residential premises, a land plot, and obtain guarantees from guarantors.

How to get a mortgage in Sberbank

Many potential customers do not know how to take a mortgage at favorable interest rates at Sberbank, they are afraid not to pay off the debt in a crisis, they do not imagine the general scheme for submitting the necessary documents. According to reviews, obtaining a home loan in Sberbank is a complex procedure, the final success of which is not guaranteed, so you need to be prepared for any additional requirements of the bank and for changes in initial claims, as well as for the fact that managers find it impossible to service the program you have chosen.

Stages of the procedure

Before you take a mortgage at Sberbank, you must follow the step-by-step algorithm in the following sequence:

• Decide on what program you want to loan – for a newly built, finished housing, apartment, country house.
• Then calculate the approximate overpayment on the calculator of the Sberbank website that you will pay for using the loan.
• Find housing and collect the required documents – a salary certificate, information about work experience, the availability of other income.
• Having collected the initial package of documents, contact the nearest branch with an application for a loan. Consideration of documents takes 2-5 days.
• After that, you sign a loan agreement for the purchase of housing, draw up a right of ownership in Rosreestr, and give all documents to Sberbank. This stage takes 7-10 days.
• Sign a mortgage agreement and get the required amount.

What are the conditions for a mortgage in Sberbank?

Different programs provide different prerequisites on which it will be possible to solve the question of how to get a mortgage in Sberbank. They relate both to the personality of the borrower and to the property that he can provide to the bank as a guarantee of collateral. In order to take advantage of preferential programs, you will have to collect additional documents, and the verification procedure will take up to 2 weeks.

Borrower Requirements

To obtain a mortgage loan, you must be a citizen of Russia at the age of 21-75 years old, work for at least six months in one place, have sufficient income to pay interest on the loan. Separate lending options include attracting co-borrowers and guarantors. Improper refinancing credit will not be given if one of the co-borrowers is a private entrepreneur, a farmer, a director of a small enterprise.

Loan security

In order to secure its investments, the bank pledges secured real estate, which serves as the subject of a mortgage agreement, whether it is under construction, finished housing, a house, an apartment in the city, a suburban area or a cottage. In some cases, the borrower may mortgage another property, from the land to the garage, if such conditions are stipulated by the program conditions..

What documents are needed to obtain a mortgage of Sberbank

Depending on the lending program that you intend to use, the package of documents can vary from a few papers to a whole bunch of certificates, certificates, certificates, notarized copies. An individual approach to customers, which is advertised by Sberbank as an advantage, in practice means that a variety of documents may be required to confirm solvency.

Basic package

All loan products for the purchase of housing on the primary or secondary real estate market require the borrower to have the following documents:

• application forms of the borrower;
• passport and any other identification card (military ID, driver’s license);
• certificates of employment about income and seniority;
• notarized copy of the work book.

Social Mortgage

The product is provided for students and other needy categories of citizens. They attach the following papers to the main package of documentation:

• certified copies of marriage certificates, the birth of children;
• copies of diplomas, certificates;
• certificates of the quadrature of rooms per each family member issued by the Housing Office at the place of registration;
• documentation for the purchased apartment.

Preferential programs

State support helps certain categories of citizens to take loans for housing on favorable terms. To take out a loan, they must submit the following documents to the bank, except for the basic package:

• official certificate confirming the work of the borrower in the federal budget institution;
• family documents (certified copies of marriage and child birth certificates);
• certificate of participation in the NIS;
• certificates of subsidies for improving housing conditions.

Maternity loans

To obtain a loan for programs involving the capital, according to the instructions, you will have to submit the following documents to the bank:

• certificate of maternity capital;
• a certificate from the Pension Fund on the availability of funds for maternity capital;
• a certified marriage certificate (not provided if the applicant is a single parent);
• certified birth certificate of the child;
• documents confirming the relationship of the applicant with the child are relevant.

Pros and cons of mortgage lending in Sberbank

The advantages of Sberbank mortgage lending include the variety of programs offered, the convenience of calculating payments and installments, detailed descriptions of the benefits of each type of loan, step-by-step consultations. However, according to reviews, it is difficult to use real estate loans – applications for receiving money do not receive the approval of managers. In addition, you have to collect a lot of additional papers to get a loan.