Mortgage for a share in an apartment in Sberbank in 2021 - conditions, stages of registration, preferential conditions and nuances

Sberbank mortgage conditions

Sberbank not only strives for its own benefit, but also sets a course to satisfy the interests of existing and prospective clients. In this way, he manages to constantly replenish the ranks of his clientele requesting mortgages and other services. As part of its customer focus and cooperation with the government, Sberbank is constantly modernizing its service conditions.

Throughout 2021, significant changes have been observed regarding service parameters. Sberbank reduced requirements for applicants and improved mortgage conditions. The adjustments mostly related to interest rates. This has become especially noticeable in programs in which assistance is provided from the state budget.

What are the requirements for the house and land?

The residential property that will be purchased by the bank client to replace the funds acts as collateral. For this reason, its condition is important to the banking organization. If possible, Sberbank is allowed to provide other property owned by the borrower as security for the loan. The following requirements apply to such real estate:

• The object is not in emergency condition and is not subject to demolition;
• Foundation made of brick, stone, reinforced concrete, concrete;
• The percentage of wear should be no more than 40 percent. This point is stated in the technical passport for the house;
• Availability of central and individual communications.

When mortgaging a land plot, the following requirements are imposed on the lending object:

• Availability of a nearby transport interchange;
• Possibility of supplying various communications;
• The owner of the land must be the borrower;
• There should be socially significant objects around.

Sberbank checks each object for compliance with these parameters. There is a separate stage for this within lending. If the lending institution does not approve the chosen mortgage item, you will have to look for another one. But it’s better to immediately familiarize yourself with the requirements so as not to waste time on this.

Sberbank mortgage interest rates

Interest rates are set in a financial institution taking into account the Central Bank coefficient, the personal risks of the institution and state policy. The latter is aimed at systematically reducing average interest rates in banks throughout the country, as well as the debt burden in general. This is done through various subsidies.

Varying the rate within the established limits is carried out not only after assessing the client’s financial capabilities. The client’s consent to activate bonus offers becomes significant.

Sberbank mortgage calculator

Sberbank's mortgage calculator is an online service for independent use that helps clients determine the desired service parameters and assess their financial potential to cover the expected debt. Its use is available to citizens of different ages.

To calculate the necessary indicators, you will have to enter the desired mortgage amount, service period, and the amount of the down payment. These are 3 main points, which are supplemented directly by Sberbank with discount indicators. The latter vary from program to program according to Sberbank regulations.

Lender's requirements

Despite its customer focus and loyalty (as well as taking into account the financial capabilities of different segments of the population), Sberbank would not have become such a successful transnational bank if it had not considered the prospect of risk and ways to minimize it when issuing mortgages. The requirements for all parties to the loan are quite clear here.

Who can be a borrower

Despite the fact that some banks in Russia work towards lending to foreign residents, this practice is absent in Sberbank. This is especially true for mortgages, where large sums are involved and collateral guarantees are often required. Therefore, citizenship of the Russian Federation is mandatory. Dual citizenship is not considered a direct limitation, but will be considered on a private basis.

Following standard socio-demographic characteristics and creditworthiness are not all of Sberbank’s wishes. A citizen must have a good credit history (or at least not a negative one in the absence of previous lending experience). Before submitting an application, the person involved has the right to order this extract from Sberbank for a fee and evaluate their prospects.

Co-borrowers

Co-borrowers are approved by Sberbank on the same conditions as title payers on a mortgage. They must be residents of the Russian Federation and have sufficient taxable earnings at their official place of work. Debt obligations of the entire circle of accomplices are distributed among them equally.

There is an immutable principle to involve the applicant's spouse as a co-borrower. This condition is required in connection with the Family Code in force in Russia. According to it, the cost of covering the debt will most likely come from the general budget, which means that in the event of death or divorce, the spouse should receive his share. In this regard, it is logical to take out a loan for him.

Requirements for the property

Sberbank cannot thoroughly check the identity of the seller in order to 100% prevent him from carrying out criminal intentions. However, the property documentation will reflect the method of acquiring the cottage, and the preliminary agreement will reflect the terms of the upcoming transaction. Upon presentation of these documents, personnel will be able to superficially assess their veracity and the information presented in them.

Sberbank does not provide guaranteed clarification of the falsification of documents. This is not part of the functionality of credit and financial companies. For a successful outcome of the purchase and sale transaction, it is recommended to use the services of trusted sellers and developers offered by Sberbank itself.

Requirements for borrowers

Applicants for all programs are subject to almost identical requirements. They are reduced for certain categories of future borrowers: those receiving a special status as part of banking services (“salary earners”) or with state support (young families, military citizens).

Primary requirements:

1. Citizenship is exclusively Russian.
2. Age: from 21 to 75 years. However, the maximum limit can be reduced by 10 years if a person refuses to document his income.
3. Availability of official employment and production: current (from 6 months) and total (from a year) for the last 5 years. This requirement has been lifted for payroll clients.

The listed instructions apply not only to title borrowers, but also to co-borrowers. Moreover, the applicant’s spouse must be included in the circle of credit recipients. This rule is canceled only if the couple has a marriage contract or if the spouse has foreign citizenship.

Bank requirements

Since Sberbank spends a lot of money when financing various groups of the population on a large scale, the risks for it here are quite real. However, to minimize them, Sberbank uses a scoring system for applicants and offers the use of the services of accredited partners.

Since Sberbank is a client-oriented credit organization, the use of tools and in-depth methods for analyzing the request allows us to objectively identify payment human potential.

Requirements for the borrower, co-borrowers and guarantors

Sberbank works to service mortgages exclusively for Russians, so applicants must prove their citizenship. The nature of registration does not play a determining role here. It can be permanent or temporary. However, in the second case, the mortgage term is strictly tied to the expiration date of registration.

Important requirements for taking out a mortgage:

1. Compliance with established age limits. Often this is 21-75 years old.
2. Development of current experience - from 6 months throughout the year. Depending on the quality of fulfillment of this requirement, the nature of the first condition also depends. If the applicant has not confirmed his employment, then the maximum age limit is reduced to 5 years.
3. The duration of the generalized work experience over the last five years is at least one year. However, this order is canceled for the so-called. holders of Sberbank salary cards.
4. Positive credit rating of an individual. Sberbank has a scoring system to clarify it.

The last point refers to both internal and external scoring of Sberbank. The financial organization has access to analyze information from the databases of most large banking institutions in Russia. The client’s identity, his solvency and integrity in matters of lending (recorded arrears, refinancing, restructuring operations) are considered very carefully.

Requirements for real estate and land

Sberbank checks each cottage for purchase with a mortgage, within its competence, for suitability for lending. This also includes approximate financial risks. To do this, the lender at a certain stage delivers to the lender property documentation and pre-signed agreements with the seller.

To reduce its own losses and losses of prospective property owners, Sberbank offers close cooperation with accredited companies, developers, etc.

It is recommended to choose finished and unfinished real estate (not equity participation) through DomClick. If the purpose of the loan is construction, then Sberbank also offers a database of reputable companies. When using such channels, it is also easier to obtain a positive response to the request.

Necessary documents for a mortgage

A standard list of documents was developed initially, but it can be changed by Sberbank at the stage of obtaining a mortgage.

The contents of the documentary list and the information displayed in the papers may vary. What unites all situations when submitting a request is the need to fill out an application form. It is contained on several sheets in a form unified by Sberbank. You can fill it out in person or online, depending on how you applied for the loan.

Main list:

1. Documentation confirming the identity of the applicant.
2. Confirmation of official employment and taxable earnings.
3. Collateral documents.
4. Temporary registration form (in the absence of permanent registration).

The listed documents are provided to Sberbank only at the initial stage. After approval of the application, the financial institution gives the client a time interval of 90 days to select housing and have it approved by Sberbank. Here, the individual will be required to provide papers on the property, as well as confirmation of the availability of funds for the down payment (bank account statement).

What documents need to be collected

For a mortgage you must provide:

1. Passport of the Russian Federation with registration mark.
2. Second document (driver's license, SNILS, INN, international passport).
3. Certificate of marriage, birth of children.
4. Certificate in the bank form or 2-NDFL for the last six months.
5. A copy of the work record, certified by the employer.

After approval, it is necessary to present documents for the purchased housing, the security deposit provided, a certificate confirming the availability of a down payment and a real estate insurance contract.

Does Sberbank give mortgages to pensioners?

Since the maximum age for issuing a mortgage does not exceed 75 years, and the pension threshold begins much earlier, it is quite difficult to obtain a loan in old age. There are several specific nuances to consider here. The main one is that at age 75 the mortgage must be fully paid off.

In addition, the retiree must still meet citizenship and income requirements. The latter also includes pensions. However, in Russia it often does not have a high level, so it is not enough to cover debt obligations and leave the amount for life support.

How to get a mortgage for a cottage

The type of construction does not have a global significance in procedural terms when forming an application. This could be a cottage, townhouse, etc. Here, you should mainly take into account only the characteristics of the object as residential. For example, country houses are not intended for year-round use, like cottages, and therefore are included in a separate category for Sberbank.

The last point may seem somewhat controversial for the client. After all, a residential building and a cottage can also be located outside the city. In this case, the status of the house according to documents, as well as its location, should be considered. So, in the village you can build a full-fledged residential cottage or country house at your discretion. But the construction of a residential building in a dacha cooperative is a rather controversial event.

Interest rates on Sberbank mortgages for 2 documents

A shortened list of documents for taking out a mortgage is not available to every client. The so-called “salary workers” (participants in salary projects). The latter involve the employer transferring wages to an account opened for this purpose in Sberbank.

Since the financial institution is aware of the level of income and place of work, the applicant for a mortgage is not required to present documentation on this issue. All that remains relevant is to provide a passport and complete a survey. Collateral documentation is a variable component here. It may be required depending on the program.

The shortened list of documents is relevant only at the stage of requesting a mortgage and issuing a positive or negative response to the client.

Mortgage conditions for buying a house from Sberbank

The boxed product “Country Real Estate” is a new product in Sberbank’s line of housing loans. The offer will appeal to individuals who want to purchase a country house with land for farming or outdoor recreation.

Let's take a closer look at the parameters of a mortgage for the construction or purchase of a private home:

• Currency. Provided in ruble equivalent.
• Target. Purchase of a commissioned detached house with land or just a land share for future construction.
• Term . The limit is 30 years. Minimum - depending on the size of the payment and financial capabilities.
• Sum . No more than 75% of the price of a private house with land ownership / plot only and costs according to the construction estimate - for the purchase object. No higher than 75% of the price according to the appraisal company - for the collateral object. The minimum level is set at 300 thousand rubles. Own contribution. 1/4 of the property value.
• Guarantees for the fulfillment of the borrower's obligations . Guarantee of an individual or legal entity, pledge of one’s own home or third parties.
• Insurance . Mandatory - against loss or damage to the collateral. Voluntary - the life and health of the borrower.
• Commissions . Not charged.

Sberbank mortgage for secondary housing: conditions and interest rates

Secondary market properties are purchased through Sberbank using a mortgage for finished housing. The secondary market refers to used properties, i.e. not sold by the developer. The latter are implemented under the program for new buildings. Despite the large-scale construction of new high-rise buildings, secondary housing still occupies a leading position in terms of prevalence.

Conditions:

1. The down payment is from 10%. But when this limit is raised to just over 20%, the rate decreases by 0.3 points.
2. The base rate is 9.2%. It can be reduced to 8.8% and increased to 11.3%.
3. The loan term ranges from 1 year to 30 years.
4. The mortgage amount starts at RUB 300,000. The maximum is calculated as 85-90% of the housing being financed.

Collateral for this mortgage is required. For the period before the desired collateral is issued, another form of guarantee resource must be implemented. It is mandatory to take out insurance for the property being purchased, because this is a legal requirement. Additional life insurance is characterized as voluntary.

Terms and requirements

Land use may vary somewhat. Today, in addition to established and long-existing settlements, the formation of new land complexes for the development of luxury housing or cottages and townhouses has become in demand. In addition, in Russia there are landholdings with a different status, in the presence of which the construction of residential cottages and other structures is called into question.

Conditions for a cottage on the lands of a settlement for individual housing construction

Plots intended for individual housing construction are directly suitable for building a cottage here. In this case, it becomes necessary to schematically plan buildings on the site, as well as obtain permission to carry out construction work. In accordance with SNiP, it is required to comply with the location of objects within the boundaries of the site and in relation to “external” structures.

In order not to find yourself in a problematic situation due to the status of the property, having already taken out a mortgage on it, you should check all the criteria at the stage of the purchase and sale transaction. This applies to any residential cottages.

Conditions for a cottage on agricultural lands

The name of the land “for agricultural purposes” speaks for itself. They are intended for consumer use. Therefore, buildings here can be of an exceptional type. Country houses fit this categorization, and many people manage to live in them year-round. But the status of the buildings will be non-residential and it will require taking out a mortgage for country real estate.

Conditions for building a cottage

Housing construction can be carried out on specially designated lands during the implementation of the initiative to create cottage villages or within the framework of an existing settlement with a diverse standard of living for citizens. Moreover, the provision of such benefits as water and gas supply, etc. may be different in new, underdeveloped territories. Mortgage prices are based on these indicators.

According to the standards, the size of the cottage premises must be no less than the required requirements to ensure the safety of residents and compliance with sanitary standards.

How to reduce the interest rate on a Sberbank mortgage

Sberbank has an extended discount system. For each mortgage, a list of discounts is offered that the borrower is free to include in an independent format. For agreeing to this or that point, he must bear certain obligations. However, they are also beneficial for the clientele.

Possible discounts:

• “Young Family” share - minus 0.4%;
• additional life insurance of the payer - minus 1%;
• availability of a salary card - minus 0.5%;
• use of the DomClick service - minus 0.3%.

In addition, to guarantee the completion of the construction of a private house or the construction of an apartment building, Sberbank is developing partnerships with various developers. They, in turn, offer favorable terms of cooperation not only to Sberbank, but also to clients, for example, in the form of a discount. For new buildings this can be up to 2.2%.

Advantages and disadvantages of a mortgage at Sberbank

Sberbank has favorable conditions for obtaining approval for a mortgage and for the credit parameters themselves. Since it is a multinational bank, it does not pursue profit at any cost. Moreover, there are various proposals to reduce debt dependence. In addition to the above restructuring and refinancing, bank holidays are also offered.

A relative disadvantage is Sberbank’s broad capabilities for analyzing a client’s reliability and solvency based on internal and external scoring. Sberbank thoroughly evaluates a person’s credit history. If the rating is unsatisfactory, there is no talk about issuing a mortgage.

How to get a mortgage on a house

Registration procedures for any mortgage (including for the purchase of a cottage) are carried out in stages. First, a person needs to get approval from Sberbank. Sometimes this requires working for a certain period of time, as well as improving your credit history by taking out another small loan and successfully closing it.

After satisfying the request for a mortgage, Sberbank gives the client a deferment of 90 days, which he can spend on finding the best housing option and collecting a documentary package. Sberbank employees are not directly involved in the sale transaction itself (they do not travel to the location).

Online mortgage application

The remote version of the application is submitted through the official portals of Sberbank. In addition to the main website - Sberbank Online, this institution has at its disposal the DomClick platform, which helps to search for real estate. It has an extensive map of offers across the country.

After viewing and calculating the parameters of interest in the calculator, the Internet user has the opportunity to proceed to familiarize himself with the real estate objects. DomClick offers not only processing the application itself, but also sending the object for analysis to Sberbank. Before this, you are allowed to contact the seller and personally inspect the object.