How to get a mortgage from Sberbank without a down payment in 2021

Mortgage loan program

Not all categories of clients will be able to receive this privilege - this opportunity is provided only to certain of them. In addition, it is necessary to take into account that banks do not have a lack of a down payment as such, but this result can be achieved by receiving certain benefits and subsidies from the state, which will significantly facilitate the process of purchasing your own home. For ordinary clients, this opportunity is practically not provided due to their possible unreliability before the bank. The point is the risks for the bank to issue borrowed funds to a person who, for a certain reason, was unable to save a down payment. Such a client is regarded as:

• having a low level of income, which does not allow saving the required amount;
• does not know how to competently use his financial instruments, which indicates his inability to use his income wisely, and this is a potential danger for the bank of non-repayment of its own funds.

There are also those categories of citizens who, due to circumstances, cannot accumulate the required amount of funds - for example, newly-made families. Depending on the category of clients intending to take out a home loan with a zero down payment, the following programs are being considered that offer this opportunity for them:

• Families where the 2nd or 3rd child was born. As already mentioned, the lack of personal savings can be resolved through government assistance to this category of citizens. Maternity capital can play the role of the first payment for such families, which will allow them to purchase residential real estate even in the absence of their own savings.
• Military personnel. To purchase housing, military personnel can use funds from the savings and mortgage system (NIS) account.
• Use of a housing certificate. This program is the most extensive, because it covers a large number of categories of citizens. Such benefits can be used by employees of the Armed Forces of the Russian Federation who are not on the list of participants in the savings and mortgage program, employees of internal affairs bodies and fire safety services, widows of military personnel, as well as displaced persons.

These are the main programs that allow you to apply for a mortgage without having to pay a down payment from personal savings, because it is replaced by funds allocated from the state budget to help the above categories of citizens.

In addition to these, there are other categories of clients who can count on a similar opportunity. This opportunity will mainly be given to those people who have been in line for quite a long time to receive housing on a preferential basis. Young families can also count on some assistance from the state. This category of families has many nuances, because there is no clear definition for it. But still, let us highlight the criteria that allow us to classify a family into this category:

• the age of at least one of the spouses is less than 35 years, the family is raising at least one minor child;
• a single spouse raising a child under 18 years of age;
• student spouses dependent on financial assistance from their parents;
• a young family without their own home.

Such clients can count on some support from the state, but it cannot be guaranteed - it all depends on the individual situation. In some ways, this program for obtaining a loan for residential real estate with a zero payment includes refinancing a mortgage from a third-party bank by the client.

Social programs

Social mortgage is a set of several microprograms that are designed to provide simple categories of citizens with their own squares. Sberbank is a partner in each of these projects. For each of these programs, papers have been created, after collecting which the citizen is recognized as in dire need of increasing their living space.

Programs have been developed for families with one or more children, for scientists, and for workers in socially significant positions. For these people, when applying for a mortgage at Sberbank, they offer a minimum annual interest rate and payment of some part of the mortgage. What does the state offer and how acceptable are these proposals for the average resident of our country? See below.

Low-income citizens

This category includes:

• citizens who live together with other families in the same apartment and do not own any real estate, which must be confirmed by documents and with the participation of witnesses;
• citizens registered in a hostel or in a communal apartment, the fact is confirmed by a certificate;
• people who live in an area not exceeding 12 square meters per resident. This fact is confirmed by a certificate and title documents for housing;
• citizens who live in houses that are uninhabitable and ready to fall apart, if not today, then tomorrow. At the same time, the fact that the houses are in disrepair must be documented and certified by the required number of round seals from the offices of local administration officials;
• people who stay in the same room with people suffering from contagious diseases. Before asking for help, you will have to run to medical institutions and collect the necessary certificates.

Young families

The following are eligible to participate in this project:

• families in which one of the halves has not reached the age of thirty-five;
• families with one parent and children or a child. The age of the parent applying for participation in the project does not exceed thirty-five years.

As noted earlier, these people must certainly prove that they need housing like air. After collecting the documentary evidence, you should definitely visit the local administration and, expressing respect, register the need in square meters. Under this program, you can not only purchase housing, but also improve the conditions in which the family lives at the time of applying for help.

Also, one of the documents that must be provided to participants of the designated program is a certificate from Sberbank. By agreeing to provide the requested certificate, Sberbank confirms its agreement to issue a mortgage to the applicant family in the amount of the missing funds. In order to receive a certificate, you will have to document the income and official work of program participants.

In order to participate in the designated project, you need to contact your local government. Having received a certificate indicating the amount of money allocated for the family, it can be applied as the first payment on a mortgage at Sberbank. The amount of government assistance for this project ranges from 30% of the cost of housing. The rest will have to be raised through a mortgage.

Young professionals

This category of citizens includes students who graduated from an educational institution and did not miss a job opportunity within a year after graduation. This category includes teachers, doctors and scientists. The borrower must be no more than thirty-five years old at the time of submitting an application for a mortgage to Sberbank, and he should prepare a package of papers in order to confirm the presence of a housing problem. Yes, even workers in such important and socially significant professions will have to run around in order to receive government help. The following requirements apply to professions:

• Continuous and high-quality work is mandatory for teachers in municipal schools in our country. Employment experience must be at least one year;
• It is mandatory for doctors to be employed in a public medical institution. Employment experience must be at least one year;
• for scientists it is necessary to hold teaching or research positions in academies of sciences or research institutes.

Military

A soldier who serves receives state support. Funds are transferred annually to a special account, which can be used at a convenient time, but not earlier than three years from the date of conclusion of the contract. Thanks to this financial support, a mortgage is issued at Sberbank without a down payment.

Mortgage payments are made from funds allocated by the Ministry of Defense. Military personnel receive a bonus in the form of a military certificate, which indicates an amount of money that undergoes annual indexation. That is, when using a certificate to obtain a mortgage not in three years, but in five years, the amount will be indicated higher.

If the funds allocated by the government are not enough for the housing you like, you will have to fill the gap using your own funds in order to increase the loan size.

The procedure for applying for a military mortgage is the same as when applying for a regular mortgage for a secondary home, but without a down payment. The time spent preparing mortgage papers from Sberbank varies around two months, due to the fact that, in addition to standard bank verification, documents for the purchased apartment are also checked by Rosvoenipoteka.

The term of a mortgage from Sberbank depends on the age of the borrower, but does not exceed twenty years. When making the very last mortgage payment, the military man should not exceed his forty-fifth birthday.

In the event that a military man independently and in advance closes a mortgage with Sberbank, funds remain on the certificate, which continue to increase annually.

And the military man, in turn, again has the right, which he previously used, to participate in the military mortgage program. Perhaps, of all the benefits, a military mortgage is the most attractive today.

Matkapital

A certificate for maternity capital is provided when a second baby is born in the community unit. This is a fixed amount - about four hundred and fifty thousand rubles, which is periodically indexed. The first payment for a mortgage at Sberbank is possible using maternity capital funds.

When the baby, thanks to whose birth you received capital, turns three years old, this money can be used to purchase real estate without any losses, collaborating with a pension fund without intermediaries, and you will definitely need to allocate shares to the children.

Until the baby reaches three years of age, you can also use this certificate by contacting Sberbank for detailed advice, but the loss when applying for a mortgage will be about fifty thousand rubles. It is very beneficial for a section of society that is eager to take out a mortgage from a savings bank and manage maternity capital by combining it with a military certificate.

An additional bonus for residents of various regions is a certificate that is issued after the third baby is born in the family. There are about 200,000 rubles on it, and it can also be used as a down payment on a mortgage from Sberbank. Also, from January 1, 2018, a new benefit appeared. At the birth of babies number two and number three, the state compensates part of the mortgage interest.

The annual mortgage interest for such families will be only 6%, provided that the second child is born after 2018. The benefit is valid for three years when the second baby is born, and for five years when the third baby is born.

For all of the above preferential projects in 2021, the conditions are the same as in 2021.

Features of obtaining a housing loan

This opportunity to obtain a home loan has its own characteristics - for example, the purchase of a home can only be made from an official developer or investor. It will not be possible to purchase real estate on the secondary market or from a construction company that does not meet the bank’s requirements for the authority to sell housing under this program. An application can be submitted for the purchase of housing under construction or finished housing, the main criterion is the correctly selected developer (preferably from the list of companies accredited by the bank).

A mandatory criterion will be the registration of the acquired real estate as collateral to a credit institution for the period of payment of mortgage obligations. But in this case, there is an alternative way out - registering other real estate owned by the client or his co-borrowers as collateral. It is most likely that the bank will need an equivalent or better alternative as collateral for the purchased property - it is unlikely to count on a positive decision on the registration of collateral if the funds are taken to purchase a 3-room apartment, and a dorm room is provided as collateral. Also, in most cases, insurance of the purchased property and the life of the borrower is mandatory, usually for the entire term of the mortgage loan. It is possible to avoid insurance if you obtain it earlier from any other banks or insurance companies.

Insurance is issued for the property itself, the client’s right of ownership, as well as the life and health of the borrower. The total amount of insurance for the year is approximately equal to one monthly payment, therefore insurance payments are separated into a separate “13th payment”, debited from the borrower’s account at the end of the year.

Zero down payment: some features

Those applying for such loans should take into account that lending without an initial deposit of funds does not exist in absolute form. Most often, the obligation to make a down payment is assumed by the state in the form of subsidies, maternity capital or the amount of funds generated in the savings mortgage system. In case of refinancing, Sberbank receives from the state budget through AHML compensation for the difference between the rates for refinancing and lending under the primary agreement.

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An apartment with a Sberbank mortgage without a down payment is issued taking into account:

• compulsory insurance of real estate - purchased and pledged;
• personal insurance of the borrower.

Insurance payments are made once a year. The insurance amount is sometimes close to the monthly repayment, so it is often called the “thirteenth payment”. In this way, the bank reduces the financial risk of lending to preferential categories of borrowers.

If you are offered an inflated price for real estate, then read the article - Overpriced mortgage: risks of the seller and the buyer

Requirements for the borrower and co-borrowers

The client side - regardless of whether it is a borrower or a co-borrower - is subject to the same basic requirements. To obtain a mortgage without a down payment from Sberbank, clients must meet the following requirements:

• Availability of citizenship and passport of the Russian Federation.
• Age: from 21 to 75 years. But in this case there are nuances: you can get a mortgage under 21 years of age, but under the guarantee of your parents; The expiration date of the loan agreement must occur earlier than the borrower (or his co-borrowers) turns 75 years old.
• Mandatory presence of collateral or surety from individuals.
• Clean credit history. None of the group of borrowers should have any delays; even long-standing problems with paying off loan obligations can negatively affect the bank’s decision, so it is better to take care of attracting co-borrowers with a clean credit history.
• The amount of monthly loan payments should not be more than 40% of monthly income.
• The duration of employment at the current place of work is at least 6 months. The total work activity over the past 5 years is at least 1 year.

These are general requirements for clients, but during the consideration of the application, other requirements may arise based on the individual situation with each of them.

Alternative options for purchasing an apartment without a down payment

For those who do not meet the conditions of preferential programs, other options for decorating an apartment without a down payment are suitable.

Consumer loan

A consumer loan is another option for purchasing real estate. The term of such a loan is limited to 60 months, so the monthly payment will be large. That is why Sberbank has a negative attitude towards such a desire of the borrower, protecting itself in advance from a possible default.

Loan programs:

1. A loan with a guarantor for young people and pensioners is issued for 5 years. The rate starts from 11.9%, and you can apply for up to 3 million rubles.
2. A good time to take out a loan is an option with a maximum amount of up to 5 million rubles at an interest rate of 11.9%.

Inflating the cost of housing in front of Sberbank

The borrower can show Sberbank the cost of the apartment is higher than it actually is, while providing the lender with a receipt from the seller.

The situation can be analyzed using an example: the cost of an apartment is 3 million rubles, the down payment is 450 thousand (15%). The buyer writes in the application an inflated cost of housing - 3.53 million rubles, indicating the loan amount of 3.05 million (the down payment is 529.5 thousand). Upon approval, the lender is provided with a receipt stating that the seller received 529,500 rubles from the buyer as a down payment. The bank needs to transfer the remaining 3.05 million.

Possible problems:

1. When purchasing an apartment in a new building, the bank does not accept receipts.
2. The estimate may not match the amount requested by the seller. If the overstatement is too large, Sberbank has the right to refuse to issue a loan.
3. The receipt has legal force, so the seller has the risk that the buyer may legally demand the return of the “virtual” down payment.

Loan from a real estate agency or developer

Real estate agencies and developers can give their buyers loans for a down payment to purchase an apartment. Conditions are negotiated individually with each client.

In most cases, the program works in conjunction with the overstatement procedure, i.e., the borrower submits a cash receipt order to the bank for the amount of the down payment, and the agency receives the real cost of the apartment. After the conclusion of the transaction and in the absence of claims on the part of the buyer, the loan agreement is destroyed.

Promotions from a real estate agency or developer

Often developers organize promotions for installment payments for the down payment or provide a special discount.

Expert opinion

Irina Bogdanova

Work experience at Sberbank for 12 years.

In accordance with the law, the borrower has the right to receive a down payment from the developer and apply for a mortgage; it is only necessary to constantly monitor the supply market.

Alternative options

There is an alternative option that allows, if the client meets the basic requirements for borrowers, to apply for a mortgage loan without paying a down payment. As an alternative, some banks are considering issuing additional collateral (in addition to the purchased real estate) as a replacement for the standard method. Thus, if you own real estate and do not have the required amount of money for a down payment, you can use the proposed option.

Conditions of receipt

For clients who decide to take out a mortgage, there are a number of conditions:

• The maximum loan term is 30 years.
• Borrowed funds are issued only in Russian rubles.
• Early repayment of loan obligations is allowed (without commissions or penalties).
• You can take out a mortgage for finished and under construction housing from official developers, as well as investors.
• Mandatory provision of collateral for the term of the mortgage loan.
• Mandatory registration of purchased residential real estate as collateral for the bank for the period of mortgage repayment.
• Mandatory insurance of collateral and life/health of the borrower.
• Provision of borrowed funds is possible either one-time (in full amount) or partially (in several payments - parts of the maximum approved amount within its limits).

Clients can independently influence the choice of some items from the list of conditions, and this can also affect the interest rate.

Is it profitable to take out a mortgage loan without a down payment?

A mortgage loan without a down payment is a profitable lending option for borrowers, allowing them to purchase an apartment without using their own savings.

Among the advantages, one can only identify the absence of the need to deposit your own funds. But the disadvantage, in the form of a large monthly payment for 10-30 years, detracts from the advantages.

Example: a borrower wants to register an apartment worth 2.4 million rubles for 20 years. For comparison, you can calculate several options:

Thus, having accumulated only 480 thousand, the borrower will actually be able to save 1.6–2.3 million rubles on overpayments.

Interest rates

Depending on the available and selected conditions, the interest rates available to the borrower may vary. This parameter is also affected by the category to which clients belong. Sberbank interest rates vary according to the following parameters:

• with payment from maternity capital funds - from 9.5%;
• housing loan for military personnel - from 9.5%;
• under the terms of the federal program that helps various categories of citizens purchase residential real estate - from 10.5%;
• refinancing of housing loans from third-party banks – from 13.25%.

Another important point in determining the rate is the individual consideration of the conditions of each client, under which the percentage can be increased or decreased. In most cases, consideration affects the possibility of lowering the interest rate. Its increase (by 1.25%) occurs if the housing under construction has not yet been registered with the relevant authority.

What is the size of the down payment in 2021?

The size of the down payment in 2021 is determined based on a number of parameters, such as:

• Selected loan program;
• Recipient status - verified client, new client, has a Sberbank salary card or not;
• The final cost of the property, the required amount of loan funds;
• Maturity;
• Availability of co-borrowers and collateral.

Thus, each application is considered individually, after which the maximum amount for which the borrower can apply is determined, payments and the starting fee are calculated.
Typically, it is equal to an amount of 10%-15% of the total loan. If you are a client of Sberbank, you should carefully monitor ongoing promotions, as personal discounts for users are periodically offered. Mortgage rates in Sberbank from 05/16/2021

Required package of documents

Before submitting an application, you need to collect a complete package of documents, no different from the standard one when taking out a regular housing loan. Categories of clients who have the opportunity to get a mortgage with a zero payment should not expect any concessions here. Among the main documents required for the borrower and each co-borrower are:

• application form;
• passport of a citizen of the Russian Federation;
• a document confirming registration (as a rule, permanent registration is indicated on the page of the passport, temporary registration is a separate document; if you have a temporary registration, it is required to be provided);
• a copy of the work book certified by the employer (or other documents that can confirm the existence of work activity);
• certificate indicating the level of income (2-NDFL or according to the bank form).

The bank may also request more detailed information in the form of documentation from various categories of citizens and on options for purchasing residential property. These include:

• when using maternity capital funds, you will need a certificate for it - for young families with several children;
• certificate confirming status - for military personnel participating in the NIS;
• a document on available benefits with state support - for participants in certain federal programs to provide assistance in purchasing housing to various categories of citizens;
• mortgage agreement from a third-party bank – for those wishing to refinance an existing home loan.

Depending on the individual criteria of each client, Sberbank employees have the right to request additional documents confirming this or that information. An example of such documents could be certificates from banks where accounts are opened, contracts for the rental of housing or commercial real estate, certificates of additional income, etc.

The necessary conditions

Although it is possible to take out a mortgage from Sberbank without a down payment, to do this you need to thoroughly prepare for drawing up a loan agreement.
To do this, it is best to initially contact the bank’s office and find out all the main nuances, checking your compliance with the bank’s requirements, as well as the compliance of the desired housing, so as not to waste time collecting documents if some parameter cannot be met at the moment. Next, it is important to clearly understand all these points in order to avoid significant difficulties. You need to understand that a mortgage is a fairly serious step and therefore you should approach the issue accordingly.

Requirements for the borrower

If you plan to apply for a mortgage at Sberbank, you must first check your compliance with the basic requirements of the lending institution. If any of these points are not met, then you should not count on approval of the application. The main parameters include:

• age from 21 to 55 years (if we are talking about a woman) or 60 (for a man);
• citizenship of the Russian Federation;
• availability of official employment. It is also important to note that you must have at least six months of experience in this place of work;
• insurance of housing, which is taken out as a mortgage, against various accidents, as well as life insurance of the borrower.

According to the unspoken rule, it is also generally accepted that a loan can be approved only if the stated monthly payment does not exceed 40% of the client’s monthly income. If the contract is drawn up by spouses, then this indicator can be taken in total from the total income for the family. But in this case, one of the spouses may not work (the one who is not the main borrower) - this will not be an obvious reason for refusal.

Required documents

To draw up such a loan agreement, it is necessary to prepare a complete package of necessary documents before proceeding directly to the execution of the agreement. The main required documents include:

• A completed application form;
• passport and TIN;
• certificate of income from work;
• a copy of the work book.

If the potential borrower is officially married, then documents must be provided by both spouses.

To participate in some individual lending programs, you will need a number of additional documents:

• military personnel documents;
• maternity capital certificate;
• mortgage loan agreement from another bank if refinancing is planned.

Choosing housing

Not every property can be used for a loan. In this case, it does not matter whether the down payment on the mortgage at Sberbank is made or not. Getting a mortgage for a secondary home is very difficult. Most often, it is preferable to lend to unfinished properties or housing that is ready to move into.

Each case with the secondary real estate market is considered individually. First of all, an important condition is that the wear and tear of the home should be insignificant, and the house should not be older than 3 years.

After the object has been selected, at least approximately, the loan specialist examines the proposed option in detail and then voices the bank’s decision. Therefore, it is best to prepare several options in advance that will be offered to the bank for consideration.

Possibility of obtaining a housing loan

Now Sberbank is trying to provide the most convenient service possible, for which it offers many remote tools in the Sberbank Online personal account. Therefore, the question arises: is it possible to get a home loan with a zero payment online? The answer is negative. In Sberbank-online you can submit an application for a mortgage, which, if filled out correctly, will be sent for consideration, but in order to sign the agreement and transfer funds to the developer’s bank account (if the application is approved), the client will need to come directly to the bank branch. In addition, transferring documents, filling out a form and signing all necessary papers will also require the client’s personal presence. Therefore, you can submit an application through a remote service to understand the possibility of its approval by the bank.

Banks offering mortgages without a down payment

In addition to Sberbank, several other large Russian banks offer their clients the opportunity to obtain a loan to purchase a home without an initial investment. Below we provide a list of these banks and the conditions offered by them:

• Sberbank: from 12%, up to 30 years, up to 30 million rubles.
• VTB 24: from 11.6%, up to 20 years, up to 15 million rubles.
• Rosselkhozbank: from 9.8%, up to 30 years, up to 20 million rubles.
• Gazprombank: from 10.55%, up to 45 years, up to 60 million rubles.
• Promsvyazbank: from 11.7%, up to 25 years, up to 30 million rubles.
• Metallinvest: from 13.4%, up to 25 years, up to 8 million rubles.
• Bank Vozrozhdenie: from 11.6%, up to 30 years, up to 15 million rubles.

These are the main banks that provide the right to obtain a home loan without depositing your own funds. They differ and have their own approach and requirements for clients.

Young families: what is offered and what is required

Sberbank's mortgage to a young family without a down payment includes registration of a family mortgage under the federal program and lending using maternity capital.

Loans to young families will be issued subject to the following rules:

• the purchase of a finished apartment or rights to a property under construction occurs only on the primary market, from a developer registered as a legal entity and accredited by Sberbank;
• lending is carried out in the bank division to which the new building is geographically located;
• the base interest rate is 10.2% per year. It may increase if the borrower does not receive a salary from Sberbank or if he refuses to register the transaction electronically;
• the minimum loan amount is 300 thousand rubles, the maximum is limited to 85% of the estimated value of the property being purchased;
• loan term - up to 30 years.

The bank’s general requirements for the borrower are supplemented by the following:

• lack of own housing for the family or any of the spouses;
• official registration of marriage and age limit - 35 years for each of the married couple;
• the family must be registered as in need of housing or expansion of living space.

The “Mortgage plus maternity capital” program allows you to:

• purchase housing on the primary and secondary markets;
• the object of lending can be an apartment, a residential building with a plot of land, or the loan can be used for housing construction;
• Sberbank's mortgage for secondary housing without a down payment can be used both for the purchase of real estate and for major repairs. Or, at the request of the borrower, the funds can be used for the reconstruction of a residential property;
• The program will be available to families raising not only their own children, but also adopted ones.

The base rate for the loan program is from 10.2%. When purchasing a new apartment from a developer and the loan term is up to 12 years, the interest rate is reduced.

To take advantage of the program, the borrower must:

• register ownership of the loaned property;
• within six months from the date of purchase, contact the Pension Fund division for a certificate for receiving family capital.

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Matkapital is used to repay the down payment or to pay the loan and interest on it.

Sberbank mortgage calculator

There are many conditions and criteria that affect the mortgage rate. To take into account their totality and independently calculate the approximate future loan payment and its interest rate, you can use a mortgage calculator. In it, by setting the necessary parameters, you can simulate your own situation and find out what payments and rates await you in this or that scenario. The calculator is convenient because to obtain such information there is no need to go to a bank branch - everything can be done directly from home, sitting at a computer or with a phone/tablet in hand.