A new form of state support for wooden housing construction has been in effect since April 2021

Extension of wooden mortgage in 2021

Thanks to the Decree of the Prime Minister of the Russian Federation D. Medvedev, in 2018 a relaxation on the terms of mortgage loans will be introduced for persons purchasing private wooden houses.
The same also applies to those who want to build their own house from wood, or buy an apartment in a wooden house. Average rates apply in the range of 9 to 10% if the client makes a 10% advance payment. The amount of subsidies from the state budget is set at 5%. For the current (2018) year, budget funds have been allocated for wooden housing construction of 197.7 billion rubles. It is estimated that approximately 2,500 homes could be freely purchased with a subsidized mortgage.

After signing by Medvedev D.A. legal document, a mortgage on a wooden house from 2021 will be legally issued to citizens after April 15 of this year. It is from this moment that the Resolution will enter into legislative force. But now all the features of such a loan can be found at the link below.

The wooden mortgage program has attracted great interest from potential borrowers. This was clearly visible not only from the comments on our website, but also from applications to construction organizations. Unfortunately, for the reasons described above, it was not possible to actually realize the demand among customers. According to estimates from the head of the Association of Wooden House Construction, Oleg Panitkov, less than 100 clients reached the final stage of completing the transaction.

However, the government believes in this program and it will be extended into 2021. At the same time, about 200 million rubles will be allocated annually for a wooden mortgage. We hope that the program will be finalized and in 2021 preferential mortgages for wooden houses will actually start working.

List of developers

There are not many developers who have expressed their willingness to participate in the program of preferential wooden housing construction. Here is their main list:

• (Moscow);
• Zodchiy LLC (Moscow);
• "Country Season";
• JSC "Tamak";
• Good Wood Corporation (Moscow);
• "Fort Ross House";
• HotWell et al.

The full list of accredited developers can be viewed at https://ipotekaved.ru/wp-content/uploads/2018/03/Partnery_doma_dachi.pdf

Improving living conditions

The presence of a property does not always mean that a family does not need to improve it. Many citizens live in premises that were built many decades ago, when housing standards were set at a radically different level. Rooms in communal apartments and apartments in barracks-type buildings have long failed to meet sanitary, fire and other standards.

If sanitary standards are considered satisfactory, then the need for improvement can be determined by the lack of space for living citizens. This standard is set at the regional level and takes into account the total area per person.

The issue of improving living conditions can be resolved in different ways. Many families resort to building a house in rural areas. This approach allows us to resolve a number of problems at once:

1. It will require less cash investment than when buying an apartment in the city.
2. The area of ​​the house will provide sufficient square footage for all family members.
3. On the territory of the personal plot you can grow your own products and raise livestock.

In addition, there is an additional bonus - the absence of neighbors. For those who have lived in a communal apartment, barracks or small apartment for a long time, this factor can be decisive.

Program conditions

According to conservative estimates by government authorities, a frame house, the area of ​​which ranges from 100 to 130 square meters, can cost 2.5 million rubles. Under the terms of a program such as a mortgage on a wooden house, the maximum limit is 1 million more. This was done with the aim of providing opportunities to citizens who want to build a large house.

The general conditions include the following rules:

1. The lending currency is Russian rubles.
2. The size of the mortgage loan should not be more than 3.5 million rubles.
3. A mortgage can be secured with collateral, which is the object of lending – real estate.
4. Additional collateral includes surety guarantees, collateral of existing real estate or other valuable property of the borrower.
5. The client needs to make an initial payment to an open account in the amount of at least 10% of the total amount borrowed from the bank.
6. The mortgage rate is the difference that is obtained by subtracting 5% of the subsidy from the initially established amount of interest on the loan.
7. The start of the subsidy from the state for the purchase (construction) of a wooden house is 04/01/2018.
8. The end of the program is November 30, 2018, inclusive (part “h” clause 4 of the Rules for providing discounts on the purchase of a mortgaged wooden residential building, which are approved by Government Resolution No. 259).
9. The period for transferring the house from the developer to the buyer should not exceed 4 months.

In total, according to the set conditions for preferential mortgage lending for wooden house kits, we receive a limitation on the period of participation in the program (8 months), a relatively small discount (if we focus on other government benefits), as well as the presence of a mandatory advance payment, albeit reduced.

For everyone who wants to use these privileges, this should mean that they need to submit an application to the bank before November 30 of the current year. In addition, it must be approved, and the contract must also be concluded before the specified date.

Unfortunately, as often happens with us, the program to support wooden housing construction turned out to be very crude and without the approval of details from the banking community. To date, not a single major bank has become a participant in this program.

Main implementation problems:

• High requirements for the house and the developer;
• Banks were not technologically ready to implement such a complex program;
• Banks are not very interested in this program in terms of volumes and resources spent;
• The period for subsidizing the rate is very short;
• There is no real responsibility for this program on the part of the state.

We really hope that the new decree of Vladimir Vladimirovich Putin will “motivate” the government to bring this program to fruition. Currently, the implementation of this program is very similar to the program to support mortgage borrowers who find themselves in difficult life situations. The program was launched, but did not actually work due to shortcomings, but then there was a series of edits and with its help thousands of families received support.

Requirements for the contractor and the house

Developers must meet the following requirements:

• Obtain state accreditation by concluding an agreement with the Ministry of Industry and Trade of the Russian Federation.
• Possess a license to carry out construction work using wood.
• Provide reporting data on the company's revenue for the past year in the amount of at least 200 thousand rubles.
• Sign an undertaking regarding the timing of production and delivery of a wooden residential property within 4 months. The period is counted from the moment the contract is signed with the contractor. The construction period can be extended by specifying other terms in the contract.

Conditions for receiving assistance for the construction of a private house

To qualify for government support, you must meet certain criteria. This must be remembered by every person interested in how to receive a subsidy for the construction of a residential building.

1. Link to the subject of the federation. The application should be written to the administration in whose jurisdiction the construction is planned.

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2. You must have permission to erect a building. The document must be valid.

3. Development land. It is necessary to confirm that the site is owned by the family or is in other legal use.

4. Long-term rental is allowed. In addition, it is necessary that the land has the appropriate category: for development or for private farming.

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Government agencies can accept and approve only one application per house.

The provided documentation is checked for compliance with modern technical and sanitary requirements. They are approved by local authorities on the basis of current legislation.

An important condition of the agreement: the area of ​​the building must comply with the standards.

The applicant must reside (have registration) in the region of application for more than one year.

Administration specialists will check each of the above points. If they find errors in the papers and consider them to be fraud, they will refuse to provide a subsidy.

A subsidy is a type of government assistance that is provided free of charge and is not taxed. It should be borne in mind that it will not be possible to receive money in your hands; the subsidy only allows for non-cash payments.

Not all citizens who wish can receive help. It is necessary to meet a number of conditions in order to take part in the state preferential program for subsidizing housing construction. The main criteria for issuance are:

1. Having citizenship of the Russian Federation.
2. Proven need.

In addition to these points, there are additional conditions. For example, only those citizens who officially work and regularly pay taxes to the budget can count on government assistance.

Russian citizenship

The state provides free assistance only to its subjects who live and work in Russia, which means they form federal and regional budgets, from where funds for subsidies are actually allocated.

In addition to having Russian citizenship, the recipient must have permanent registration. He must also meet the following criteria:

1. Has lived in the region where assistance will be received for at least the last five years.
2. Previously, neither the applicant himself nor his family members were participants in a similar program to receive a housing subsidy.

Need for housing

The essence of housing subsidies is to support families who do not have their own property and solve the problem of lack of housing. That is why only those who need it can receive government assistance.

Citizens wishing to take part in the subsidy program for the construction of a private residential building must first register as needy. This procedure implies that a person submits an application to be accepted into the queue and collects a package of documents that prove that he does not have his own housing or the existing living space does not meet the standards.

When determining need, all members of the applicant's family are considered. If one of them owns real estate or is a tenant of social real estate, it will not be possible to take advantage of the benefit.

Features of a mortgage for building a house

The terms of a home construction mortgage differ from regular home loans. This needs to be taken into account when you go to the bank for money. What are the features of a loan to build your own home:

1. Typically, the borrower searches for a property after the loan application is approved. For private construction this is not necessary. You will have to order an estimate or draw one up yourself to determine the size of the loan. But most often the opposite happens - the client chooses which building he will build after he finds out the approved amount.
2. The interest rate and down payment are higher than other mortgage programs. This is due to high risks of loss of liquidity and loss of the pledged property. The interest rate on a home construction mortgage is usually set on a case-by-case basis depending on many factors.
3. A completely different list of required documents. At the stage of consideration of the loan application, the client provides the usual package of papers, but final approval regarding construction details occurs on individual terms.
4. You can receive a loan in tranches (parts) depending on the cost of each stage of construction.
5. Collateral requirements. If it is usually necessary to mortgage the property being purchased (), then when taking a mortgage for the construction of a residential building, a different approach is used. The fact is that for the period of construction of the future collateral, a guarantee of debt repayment is required. So you will have to think about a guarantee or other form of security.

Pay attention to the category of land for construction; it must be intended for the construction of residential buildings. It will not be possible to obtain a mortgage for the construction of a country house outside a populated area (village, hamlet, etc.) within the framework of this program.

The requirements for a mortgage to build a house in banks are practically no different. There are only some private lending conditions that depend on the specific organization. At the same time, you can use housing subsidies to pay the down payment if the conditions of the state program provide for this.

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Requirements for the borrower

A preferential mortgage for a wooden house implies that persons who will build a building or a private house from such material must meet all the requirements set by the program.

The requirements for the developer are as follows:

1. It is necessary to have permits (a valid license) to carry out construction work, which allows you to professionally handle wood materials and receive remuneration for it.
2. Annual revenue should be calculated in amounts no less than 200 million rubles, if the year is taken from the beginning of the signing of a loan agreement with a client of a financial organization.
3. It will be better if the profit at the end of 12 months is significantly higher than 200 million rubles.
4. Have partnership agreements with lending banks.

Requirements for the future home:

1. The house must be built from certain types of trees, classified as strong and durable types of wood.
2. The following types of wood material should be used - solid wood panels, timber (laminated or solid), lamellas, or derivatives (OSB or MDF panels).
3. It is built on a capital foundation with deepening.
4. Be suitable for habitation at any time of the year.
5. Located in a populated area.
6. Stand on land that is owned by the borrower or leased for a period exceeding the mortgage period.

Another main condition set for the construction contractor is that the finished object should be presented to the customer in the shortest possible time - up to 4 months. The countdown starts from the moment the contract is signed with the developer.

Before expecting to receive a mortgage loan for a wooden house with government support, a citizen should weigh all his financial capabilities. In addition, he should take a closer look at the requirements that the program provides for borrowers.

The borrower must meet the following criteria:

• be a citizen of the Russian Federation;
• be at least 18 years of age and not older than 75 years of age;
• have permanent residence within the borders of the state and in the region where the lending bank operates;
• be officially employed for 3 or 6 months;
• have the consent of your spouse in writing if the borrower is married;
• be ready to provide additional collateral for the loan - documents collateralizing existing property, or from a guarantor;
• have a good credit history and no debt on other loans (if any);
• be prepared to pay an advance payment of 10% of the amount borrowed.

If the bank deems it necessary, it may request other papers from the future client. In the case where a citizen is married, Russian laws provide that all property acquired together will be considered joint. Accordingly, all transactions made by marriage partners without the knowledge of the other half are unacceptable. This is due to the costs that will be spent on paying the mortgage and will affect the provision of the family.

How to get a mortgage for private construction

If you want to get a loan, you should first assess your financial capabilities. To do this, use the mortgage calculator for the construction of a private house on the website of the bank of your choice. Of course, the service will only calculate the loan terms in advance, but this will give an idea of ​​the overpayment and the amount of the monthly payment.

To do this, you need to decide on the approximate cost of the house according to the estimate, the repayment period and the down payment. Enter this information into your home construction mortgage calculator. If the monthly payment seems too high, try increasing the term. If possible, you can repay the debt early. Once you have decided on the loan parameters, you can proceed to filling out the application.

Let's look at how to get a mortgage to build a house step by step:

1. Get the bank's approval at the first stage, when the profiles of borrowers and guarantors are reviewed.
2. Decide whether you will build the house yourself or with the help of a contractor. Prepare an estimate within the amount approved to you.
3. Provide the bank with all documents for collateral and future construction. Obtain final approval from the lender to provide the loan on the stated terms.
4. If real estate is pledged, sign the loan documents at the bank, then register the encumbrance with Rosreestr. Please note that in this case, a mortgage is issued by virtue of an agreement (), which means you will have to pay a state fee.
5. Obtain an extract from the register of real estate rights with a note about the mortgage in favor of the bank and give it to the mortgage manager. Insure the pledged property (except for land) and receive loan funds.

If there is no collateral for the construction period (for example, only a guarantee is issued), the money is issued immediately after signing the loan agreement. They must be transferred to the contractor’s account or spent by the borrower himself in accordance with the estimate. In the first case, confirmation of the intended use will be a payment order. In the second - all receipts for purchased building materials.

Is it possible to take out a mortgage to build a house
without proof of expenditure? No, this is a targeted loan that requires mandatory reporting to the lender.

Confirmation of the targeted spending of mortgage money does not end there. You need to build a house within the period specified in the loan agreement (for example, within 3 years) and register ownership of it. At the same time, Rosreestr automatically places a mark on the encumbrance in favor of the bank, unless otherwise provided by agreement with the creditor.

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Categories of citizens

The following categories of citizens can receive a material gratuitous subsidy for the construction of a house:

1. Large families raising three or more minor children. Both own and adopted ones are taken into account. Children between the ages of 18 and 23 may sometimes be counted if they are full-time students in an educational institution or serving in the military.
2. Young families who have one or more children, provided that each spouse is under 35 years of age.
3. Orphans.
4. Low-income citizens and their families.
5. Veterans of the Great Patriotic War or combatants, as well as relatives of people killed in the war.
6. People who moved from the Far North to another territorial district of the Russian Federation.
7. Civil servants.
8. Military personnel.
9. Public sector workers.

Most often, large or young families resort to this type of benefit.

Construction mortgage security

Separately, it is worth mentioning the security. A mortgage for individual construction of a residential building is usually issued for a large amount. For other types of housing loans, the purchased property is taken as collateral, but in this case nothing has been built yet. Therefore, the borrower is tasked with providing security for the construction period and the entire debt repayment period (interim and permanent), adequate to the loan amount.

If the main object of collateral is a constructed residential building, during the period of its construction the bank will ask:

• guarantee of an individual or legal entity ();
• pledge of another object. This can be any real estate owned by the borrower or members of his family. But it is best to mortgage an apartment, because it is the most liquid.

A prerequisite is that the market value of the collateral matches the amount of the loan issued.

After encumbering the constructed private house in favor of the bank, the interim pledge is canceled. Guarantors are released from loan obligations, and all restrictions on the property are removed. When issuing a loan, a pledge of the land plot on which construction is being carried out is also issued (). This is a mandatory condition, because subsequently an encumbrance is automatically placed on the house in Rosreestr.

In this case, different security options are possible in agreement with the bank. For example, a mortgage for the construction of a house secured by an apartment without encumbering the constructed object and land.

Availability of land

To build your own home, you must initially have a plot of land.

Some categories of citizens can receive it for free by taking part in another government program to provide free land. To apply for a subsidy to build a house, the land must be available and obtained through any possible means.

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The acquisition process may vary, but in all cases it is important to properly register the land:

1. On property rights.
2. For long term rent.

The result must be expressed documented.

Ownership

The ideal option for registering a land plot is registered ownership. When a plot is transferred from one private entity to another or when it is allocated from a regional land fund, the recipient contacts Rosreestr for preliminary clarification of the registration process. There you can also get an exact list of documents required for registration.

The future owner of the land writes an application, which is supported by documentation, and submits it to Rosreestr or the MFC. In accordance with the established procedure, the process of re-registration of the allotment from one person to another is carried out. Please note that if the land was given free of charge, with the condition that a residential building be erected on it, ownership of it can be registered only after the construction of the house is completed.

Long term rental

It is not possible to obtain rights to all land plots. For example, plots issued in Moscow and St. Petersburg are allowed exclusively for long-term lease.

Construction documentation

The construction of a private house requires serious preliminary preparation, which is expressed in the collection and development of construction documentation. Construction cannot begin without obtaining permission from the relevant authorities.

The future owner of the house needs to collect documents in the following sequence:

1. Obtain a building permit.
2. Order a house project or buy an already developed layout.
3. Calculate the cost estimate for construction.

To receive a subsidy, all forms must be available. Although in practice, many owners neglect such an important document as a building permit, especially since they rarely check its availability.

In 2021, obtaining construction documentation has been simplified. You can obtain permit forms in a short time using a simplified system.

A building permit is a fundamental document that can be obtained from the local administration at the location of the land plot. This document allows not only to build, but also to carry out major repairs of existing structures on the site.

The current registration conditions allow you to obtain permission not only directly from the administration of the locality where the land plot is located, but also through the MFC, as well as the State Services website.

House project

The most troublesome and expensive part of the preliminary design is considered to be the development of a house project. It consists of:

• floor-by-floor explication of the future structure;
• plan for the location of the building on a plot of land;
• utility drawings;
• inventory of construction and installation works and other documentation.

There are two options for project development:

1. Individual design.
2. Standard design.

An individual approach takes into account all the wishes of the owner, and the house is created taking into account his dreams and visions. You can develop it yourself, and then transfer it to the design office for processing, or immediately turn to professionals. Standard projects save not only money, but also time. They are already ready and can be obtained for construction quite quickly.

Finished projects are endorsed by utility services, which certify their compliance with modern standards and norms.

The preliminary stage ends with the calculation of estimates for construction costs. This is an extremely important document, since it is on its basis that the amount of the subsidy is calculated, and then expenses are verified.

The estimate is developed by specialists from construction organizations. It takes into account the building materials that were specified in the house design. The estimate is calculated based on current market prices.

For the future owner, the estimate is a serious limitation, since the prices indicated in it are taken at the minimum cost limits, and therefore the owner will have to run around a lot in search of the appropriate amounts or report his funds when purchasing building materials.

The mechanism of preferential mortgages

Subsidies for the purchase of wooden houses through a bank loan are provided in Russia by the Ministry of Industry and Trade. State subsidies for a mortgage on a wooden house are implemented according to the following scheme:

1. A potential borrower submits an application for a loan for the purpose of building or purchasing a wooden house (an apartment in a wooden house).
2. The banking institution accepts such an application, reviews the documents attached from the client, and then gives its consent to cooperation.
3. The bank takes into account all these details and issues a mortgage loan with reduced interest on the amount of government subsidy - 5%.
4. The bank sends a notification and other papers to the government agency (Ministry of Industry and Trade of the Russian Federation) to assert its right to reimburse the 5% discount on the mortgage.
5. The amount of the mortgage loan is transferred from the state budget to the banking organization, which is equivalent to 5% of the subsidy provided to the client.
6. The client is obliged to periodically confirm where the spent borrowed funds go.
7. After full repayment of all the borrowed money (together with interest, commissions, insurance contributions), the client obtains a certificate from the bank indicating that the loan amount has been repaid in full and on time. There are no mortgage debts.
8. All papers for a closed mortgage.

For reporting and complete closure of the mortgage, the bank client submits the following papers:

1. Personal documents - passport, marriage certificate, certificate of family composition, international passport (and anything else that the bank may require to confirm the identity or civil status of the borrower).
2. All documents for the house - design, technical documentation, commissioning permission, commission decision if the house was built.
3. Title documents - a purchase and sale agreement with a note in it about the ownership right, affixed to the Unified State Register (in the case of construction, an agreement concluded with the developer, which must have the same mark on registration in Rosreestr).
4. Extract from the EGRN (Unified State Register of Real Estate). It serves as confirmation of the property rights belonging to the borrower.
5. A certificate from the Registration Board confirming the termination of the alienation of real estate, which was registered as collateral for the bank. The certificate must state that the house (or apartment) has been removed from the lien.
6. Receipts (or other payment documents) that show all expenses for the construction of a wooden house.
7. A receipt confirming payment of land tax for the first month of owning a house (apartment in a wooden house).

A certificate from the bank confirming the closure of the mortgage agreement and the absence of debts will allow the client to feel completely safe that he does not owe anything to the financial institution. This document also confirms that there will be no multiplying penalties, hidden fees or other amounts on the credit account.

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Alternative construction mortgage options

In practice, obtaining a targeted loan for the construction of a residential building is not so simple. And it’s not just that only a few banks offer such a program. It can be difficult for borrowers to take into account all the lender's requirements for drawing up an estimate, confirm sufficient income and complete documents for the house on time. Sometimes it is better to resort to alternative lending options:

1. Take out a regular consumer loan. If you need a small amount, you can get by with an unsecured loan. Its advantage is that you do not need to report to the bank where the money was spent. However, the debt repayment period will be short - on average up to 5 years, and the interest rate is unlikely to be lower than 17%. As a result, the monthly payment will be quite high.
2. Apply for a loan secured by real estate. The interest rate will be slightly lower, about 14-15%, but there will be additional costs for insurance of collateral, registration in Rosreestr, drawing up an assessment report, etc. The advantage of such a loan is the ability to extend the repayment period to 20-30 years, depending on the conditions of the chosen loan. you bank. In addition, you do not have to provide documents about the use of loan money.

Which option to choose, decide for yourself, based on the situation . If it is difficult to obtain a large loan for the construction of a residential building, it is worth considering alternative ways to obtain a loan. However, a targeted loan is good because it allows you to use state housing certificates to pay for your future home. The interest rate, although higher than the average for a mortgage, is lower than for a consumer loan.

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Author:

Mortgage specialist Maria Yurievna Sokhan

Publication dateSeptember 27, 2019April 11, 2021

Procedure for providing a subsidy

Obtaining a subsidy is not an easy and lengthy process.

A citizen who wishes to take advantage of this benefit must submit an application to the local administration. A special commission will study the documents, resulting in a final verdict.

If you imagine the procedure step by step, it will look like this:

1. A package of documents is being collected.
2. A statement is being written.
3. All papers are submitted to the housing department of the local administration.

The final decision is made by a special commission. The amount of the subsidy is also determined individually. The main indicator in its calculation is the area norm for all family members; the state will not sponsor construction in excess of the norm.

The first stage of the application takes place at the local administration. A housing department specialist will receive a package of documents from the applicant and check them not only for completeness, but also for correct completion. As practice shows, no one succeeds in passing the entire package of papers the first time; there are always some nuances that require improvement or change.

After final acceptance of all forms, an application is filled out. His form is issued by a specialist. The entire list of papers is filed in an individual folder and sent for review. No more than 30 days are allowed to make a final decision. Its results are presented in writing and sent to the applicant’s specified postal address.

Contacting the bank

The amount of the subsidy often does not allow building a full-fledged good house that will fit the size of the whole family. In addition, the house needs not only construction and finishing, but also furnishing. That is why many subsidy recipients take out a mortgage loan along the way, which increases the amount of financing. In this case, the subsidy can be paid as a down payment on the loan.

Not all financial institutions are ready to cooperate with clients who want to build a private home. Banks consider all aspects of this transaction:

1. Borrower's identity. His age, income level, and existing credit history are taken into account.
2. Location of the land plot. It is important that it has access roads, and not far from it there are all the necessary utilities for further connection.
3. House design and construction estimate. For example, wooden buildings are not credited in principle.

The loan received is repaid over ten years or more.

How to get a preferential mortgage step by step

In order to clearly understand how to obtain subsidies for the purchase of factory-made wooden houses, bank clients should know the entire procedure step by step. The registration steps are as follows:

1. Submitting an application to a bank that has the right to provide such a mortgage.
2. Attachment of a package of papers to the application.
3. Pending consideration of the request.
4. Receive a response by phone, email, or in person in the office.
5. After approval of the application, you need to prepare a package of documents for the mortgage and the construction site.
6. After this, a credit account is opened in the name of the borrower.
7. The borrower pays the down payment.
8. Brings the confirmation receipt to the bank specialist.
9. The mortgage agreement is registered in the Unified State Register of Real Estate.
10. An insurance contract for future real estate is drawn up.
11. A pledge agreement is also drawn up, which is the property being purchased.
12. The pledge agreement is registered in the Registration Chamber as encumbered.
13. After this, the transfer of amounts goes to the account of the developer or the seller of the finished wooden house.
14. The client receives his own copies of agreements: credit (along with the payment schedule, which he undertakes to pay regularly every month), insurance and collateral.

Conditions in banks

Based on the average statistical data on interest rates on mortgage terms when purchasing wooden houses, it turns out that the average annual rate in 2021 is 15%.

By receiving a subsidy from the state for the purchase of a wooden building, citizen borrowers can save 5%. This is very beneficial for those who have no opportunity to receive any benefits at all.

For example, if the client is not a pensioner, one of the parents of a large family, a military personnel, a labor veteran or a representative of another privileged category of citizens for whom their own mortgage discounts and programs are provided.

The banking conditions of the “Preferential mortgage for a wooden house” program are presented in the table below.

Where can I get a mortgage to build a house?

You can't get a mortgage to build a house everywhere. Before contacting a financial institution, check the availability of this program on the official website and its conditions.

In particular, such loans are issued in the following banks:

• Sberbank offers two loan programs. One of them is intended for residents of the Moscow and Lipetsk regions, the second - for all other Russians. The minimum down payment is 20-25%, the amount is from 300 thousand rubles, the interest rate is from 10.3%. Repayment period is up to 30 years.
• Rosbank is also one of the banks that provides mortgages for home construction (). Here you can get from 300 thousand rubles. The interest rate starts from 8.49%, but will be calculated individually. The loan term is slightly shorter than with Sberbank - from 3 to 25 years. The down payment must be more than 40% of the estimated construction cost.
• PrimSotsBank is not as popular as the credit organizations mentioned above, but it also provides the opportunity to obtain a mortgage for building a house (). The loan amount is from 300 thousand to 3 million rubles. Interest rate – from 12% per annum, debt repayment period – up to 15 years, down payment – ​​from 30% of the cost of the future home.

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Do other banks provide mortgages for the construction of a private house? This question needs to be clarified separately for each financial organization. However, such a mortgage program is quite rare due to the high risks for the lender and its complexity. Even such giants as Rosselkhozbank, VTB and Gazprombank do not have it in their product line. According to reviews of mortgages for building a house, it is best to contact Sberbank, here the rates are not so high and the repayment terms are acceptable.

When deciding which bank provides a mortgage for building a house and where it is better to apply, pay attention to the final interest rate, the conditions for crediting the loan (in full or in parts, the method of issuing money), the payment period, additional fees, the possibility of early repayment and other important nuances. The requirements for the construction site are also important. For example, a bank may not approve a mortgage for the construction of a wooden house or require additional collateral in this case.

Construction documentation

To know how to apply for a preferential loan for the purchase of wooden houses, you should also take into account the package of necessary documents in advance. Papers should be submitted in the following set:

• passport;
• a second identity document (SNILS, military ID, driver’s license, international passport);
• certificate of income in form No. 2-NDFL, bank form, or any form;
• a copy of the work book certified by the employer;
• papers for an existing house or collateral - registration certificate, extract from the Unified State Register of Real Estate, cadastral value, passport and plan, purchase and sale agreement or other.
• Construction estimate if you plan to build a house.
• Documents for land.

What documents need to be provided

Consideration of a loan application occurs in two stages. The first involves checking a potential borrower and calculating his solvency. To obtain initial approval, the client must provide the bank with the following documents:

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• passport;
• salary certificate (), a copy of the work book;
• completed application form;
• When using financial capital as a down payment, you must attach marriage and birth certificates. A copy of the state payment form itself and a certificate of the current amount are required.

Similar documents for a mortgage for the construction of a house must be provided by the spouse of the main borrower. If he cannot confirm his income, he will be taken into account without determining his solvency. The above list of securities is also mandatory for guarantors, if they participate in a credit transaction.

If you have a government grant that you would like to apply toward your loan, please include a copy of the certificate. This is necessary to set the correct interest rates, because they often differ from the base ones.

If the bank has made an initial positive decision, you need to agree with it on all the details of spending the money. You can take out a mortgage for the construction of a private house if you provide a certain package of documents:

1. An extract from the register of rights to the land plot where the construction will take place, and other documents for it (cadastral passport, document establishing ownership rights, etc.).
2. Similar papers for collateral if it is other real estate.
3. Evaluation report for the collateral object.
4. Construction estimate.
5. Documents confirming the availability of the down payment. This is usually a bank statement.

Some banks are ready to provide loans for the construction of a private house on their own (for example, Sberbank), others - only with the condition of contacting a contractor. In the latter case, you need a draft agreement with a construction company. Then the estimate should be drawn up by the company that will construct the building.

You should not hope that the credit institution will thoroughly check the developer you propose. All risks in case of non-fulfillment of the contract fall on the mortgage recipient. If the construction company does not fulfill the terms of the contract, the loan will still have to be repaid, and the borrower will be to blame for failing to provide the bank with documents on the intended use of the money (for example, in the event of bankruptcy of the developer or contractor).