Mortgage for land in Sberbank 2021: conditions and requirements

Every person, especially a man, is obliged to plant a tree, build a house and raise a son during his life. The most difficult link in this chain will be the construction or purchase of a finished home.

a mortgage on a house with a plot of land will help solve the problem . A person has a subconscious desire to live closer to nature, and having your own country house helps to realize your dream. For city residents, Sberbank provides a unique opportunity to get a mortgage on favorable terms.

Features of obtaining a mortgage on a plot of land for the construction of a residential building

To obtain a mortgage for a country house from Sberbank , the borrower must fulfill a number of requirements imposed by the credit institution. Land belongs to specific categories of collateral, so all lenders are tightening the rules for obtaining a mortgage on a plot of land for individual housing construction . Requirements include:

Land plots must be included in the list of areas on which individual housing construction . Local governments indicate areas that are allocated to a specified land use category.
Topographic reference on the ground. One of Sberbank's requirements is that the site must be located within 100 km from the lender's office. In some regions of Russia, this standard has been reduced to 30 km.
It is prohibited to use areas with the status of “environmental and reserve zones” to obtain a mortgage. The loan will certainly be denied.
Priority for issuing a mortgage is given to plots where the installation of utilities already exists or is planned (gas pipeline, water supply, electrical network).

Well-maintained access roads will be an additional advantage when considering an application.

Important! A mortgage can only be issued if the area of the plot is at least 6 acres. When land plots exceed 0.5 hectares, problems may arise with obtaining profitable loans under the individual housing construction program. You can check its category using an extract from the Unified State Register (you need to indicate the exact address or cadastral number).

You can find the cadastral number of a property using a map:

Loan for the construction of a private house: Rosselkhozbank

It should be said that Rosselkhoz Bank does not create separate programs for each lending object. The conditions are formed individually, based on the qualities and requests of the borrower. The down payment must be at least 15% of the cost of housing. The duration of borrowing is slightly lower than at Sberbank - a maximum of 25 years. The amount can range from 100 thousand to 2 million rubles, depending on the borrower’s requests and income. The borrower's age must not exceed 65 years.

You can attract up to 3 co-borrowers. Home insurance is required. The collateral can be the right of claim, the house itself after it is ready for occupancy, as well as other real estate. The percentage until the house is completed is usually higher. After renewing the contract, the conditions become more favorable.

A mortgage for the construction of a private house at Rosselkhozbank allows the use of maternity capital funds in any capacity: as a down payment or as a means of repaying a loan. Young families after the birth of a child are given a 3-year deferment, when they only need to pay interest and not the principal.

If you take out a loan in installments as you complete construction stages, this solution will be most profitable for you. Interest is calculated only on the amount received. In this way, the bank protects itself from risk, and you reduce your payments. When a mortgage is issued for the construction of a residential building, Rosselkhozbank carefully ensures that the money is spent specifically on construction work. Bank employees may request your documents, regardless of whether you build it yourself or contact a company.

How to get a mortgage for a plot of land at Sberbank: lending conditions

Let us note right away that a mortgage for a plot of land in Sberbank will be much more complicated than a similar loan for the purchase of an apartment. Among the extensive offers, the most suitable for a loan for a plot of land for a dacha is “country real estate”; you can get up to 75% of the funds against it as collateral.

In addition, registration of land with a mortgage at Sberbank requires compliance with the following conditions:

The borrower's age is from 21 to 75 years, he has Russian citizenship.
The length of service at the last place of work was 6 months, the total work experience was 1 year or more.
The applicant’s income must be stable and not lower than the subsistence level, which allows to ensure a normal standard of living for the borrower himself and his family members, including dependents.
The site is included in the permitted land use category; plots with the status of “environmental” or “reserve” zones cannot be used for mortgages.
The minimum plot area is 6 acres, but not more than 50 (with the exception of the regions of the Far East and Siberia, where you can get a mortgage of up to 1 hectare).
Availability of utilities or their installation in the near future.
Availability of road infrastructure.

When applying for a loan, the land plot must be owned by only one borrower. In accordance with the entry in Rosreestr.

Lender's requirements

Not everyone can take out a loan to buy a house from Sberbank. Banking instructions significantly narrow the circle of persons considered as a borrower or guarantor.

The property intended for collateral and/or purchase must also have special characteristics.

Find out your credit history https://sber-help.ru/instrukcii/uznat-kreditnuyu-istoriyu-sberbank-online/

Who can be a borrower

Sberbank imposes rather loyal requirements on applicants for the role of borrower. Namely:

Russian citizenship . Foreign residents will not be able to get a mortgage, even if they have permanent residence in the Russian Federation.
Age . Persons who are already 21 years old and will not be over 75 years old at the time of loan repayment can count on a positive decision. Thus, a person no older than 45 can take out a loan for 30 years. Otherwise, the term of the contract will have to be shortened.
Experience. At least 6 months before applying to the bank, you must officially find a job. At the same time, the total work experience over the last 5 years must exceed 1 year. For participants in Sberbank salary projects, this requirement is not mandatory.

Young people under 25 years of age are at risk for refusal. Bankers don't like novice borrowers. They are just starting to work, have modest incomes, are often frivolous, do not always understand their responsibility, and commit rash acts. You can increase your chances by providing a guarantor to the bank. The same “fledgling” friend will not be suitable in this case; the best option is one of the parents.

Co-borrowers

To reduce the risk of non-repayment of debt, the bank is considering various insurance options. Of course, if there is a delay, you can sell the collateral. However, this is a rather labor-intensive and time-consuming process, which is usually launched in case of emergency.

It is much easier, during a period of financial difficulties for the borrower, to present a demand for payment of the debt to the Co-borrower , as the guarantor is called in mortgage documents. Both of the named entities sign the loan agreement and bear joint liability for it. The lender's requirements for them are also the same.

An individual who will take ownership of the purchased property and make payments on behalf of all co-borrowers is called title borrower .

The spouse of the main (title) borrower becomes a co-borrower automatically, even in the absence of income.

This rule does not apply only if the husband (wife) does not have Russian citizenship and has a marriage contract regulating the property relations of the couple.

Involving additional persons can be beneficial for the borrower too. After all, then the total earnings of each co-borrower will be included in the calculation of the loan amount. According to Sberbank regulations, such individuals are allowed to attract no more than 3 people.

Requirements for the property

Collateral for a loan can be a plot of land and/or a house purchased with loan money, as well as other real estate owned by the borrower, his spouse or relative.

Not only the potential borrower, but also the property intended for collateral must undergo the approval procedure. The corresponding decision is made by the bank’s legal department based on an examination of the documentation.

The criteria for assessing collateral are:

actual condition and degree of deterioration of the structure;
design features (foundation, roof, number of storeys);
availability of communications or connectivity;
improvement of the surrounding area;
location;
transport accessibility.

Documents for a land plot included in the total mass of the acquired real estate must also be correctly drawn up. According to the general plan of the area and the results of land surveying, the land plot must have clear boundaries along the entire perimeter. Only a plot owned by the seller and not leased is suitable for sale.

Mortgage interest rates

Any credit institution develops various programs with favorable interest rates for clients. The minimum mortgage for land in Sberbank is issued in the amount of 300 thousand rubles. The average interest rate is 11.6% per annum. The loan is issued for a period of up to 30 years. At Sberbank, get discounts on a mortgage loan for the purchase of land , for example:

0.3% discount for Sberbank clients who have a salary card;
additional 1.0% if there is a compulsory insurance policy for the borrower;
another 1.0% if the transaction is registered in Rosreestr.

It is important to take into account this fact: you receive a loan in the amount of 75%, and pay 25% as a down payment. The interest rate may be adjusted downward if you additionally participate in promotions that Sberbank regularly conducts.

Mortgage for the construction of a private house: Raiffeisen and Rosbank

Raiffeisen Bank does not have a separate program for building a house, but it is possible to take out a non-targeted loan secured by existing housing and spend it on construction or repairs at 17% per annum.

The terms of such mortgages are short, up to 15 years, but the amounts vary - up to 9 million rubles. In this case, the amount issued should not exceed 60% of the value of the mortgaged housing.

Rosbank is also one of the largest banks. It offers mortgage loans for almost all types of housing.

Rosbank issues a mortgage for the construction of a private house on the security of existing real estate. Land is cheaper than an apartment or house, so Rosbank does not consider land alone as collateral. If you do not own any housing, you will not be able to get a construction loan from this bank. The interest rate starts from 11.75%, of course, it can increase depending on the specific situation.

Before receiving money, you need to deposit at least 15% of the cost of housing. The loan is issued for a period of no more than 25 years. This also takes into account the age of the potential borrower (no more than 64 years at the end of payments, no less than 21 years at the time of application), and his income.

Rosbank does not work without a down payment. A client participating in a certain preferential program must contribute at least 10% of the cost of housing or use existing maternity capital for this purpose.

Requirements for borrowers

According to the marketing policy of the credit institution, there are general requirements for all categories of borrowers, but there are a number of restrictions and additional conditions on the basis of which an expert opinion is issued on the possibility of obtaining a loan.

The borrower's age is at least 21 years old, but not older than 75 years and has Russian citizenship,
Providing a personal income tax declaration-2 from the last place of work, as well as filling out a certificate in the bank form.
Certified copies of the work record book or work contract.
Pensioners must provide a certificate of accrual of payments from the Pension Fund of Russia (PFR).
Provide a copy of your tax return.
Provide information on the calculation of benefits and other state and municipal payments.
Representatives of the judiciary must provide a certificate of income, which they can obtain from the local department of justice.

A certificate in the bank form provides for obtaining additional information about the borrower, which includes:

Full name, surname and patronymic.
Name and details of the organization where the borrower works. Please note that if you are in the military, your postal address may not be available due to objective reasons.
Salary information for the last 6 months. If there is no data, the accounting department indicates information for the previous period of activity.
Additional income and deductions.

Please note that the bank requires you to fill out your own income certificate, where you must indicate the following parameters:

Income from renting an apartment. You need a certificate in the form of personal income tax-3, which you can take from the Federal Tax Service.
Amounts of remuneration from intellectual activity. The bank considers a patent, copyright agreement or other as a document.
Profit received by the borrower based on the civil law nature of the provision of services, certificate in the form of the Federal Tax Service.
Payments received from financial assets, dividends, interest on deposits, etc.
Benefits received (a special procedure for providing information for this group has been developed).

A separate type of income under consideration is considered to be the receipt of MDV (monthly cash payments). This category includes social pensions for disabled people, labor veterans, combatants, Chernobyl victims, and liquidators of nuclear disasters.

Sberbank will not take into account the following cash deductions and receipts when considering an application:

Financial assistance to donors.
Alimony.
Scholarships.
Bonuses for main place of work.
Income received from the sale of cryptocurrencies and mining (this issue is currently controversial for Sberbank).
Lottery winnings.
Payments for insurance obligations.
Money received from participation in the gambling system (casinos, bookmakers).
Income that the borrower received as dividends from participation in the authorized capital of the LLC.

It is necessary to take into account this fact - all certificates must be certified by the seal and signatures of representatives of the organization that is responsible for maintaining accounting and tax reporting.

Conditions for borrowers

The bank's marketing policy provides for certain conditions for all borrowers. There are some restrictions and additional requirements needed to obtain an expert opinion on whether a mortgage can be taken out.

Main conditions:

You need to provide a 2-NDFL certificate from your current workplace and fill out the certificate on a bank form.
Provide a certified copy of the work record book or contract.
Pensioners are required to provide proof of pension payments.
Provide written information about other income.
Employees of the judicial chamber must present proof of income received from the district justice department.

When filling out a certificate on a bank form, it implies providing additional information:

Full name;
name and attributes of the enterprise where the borrower works;
salary information for the previous six months;
data on additional profits and deductions.

It is worth considering that when providing a mortgage for the purchase of land, the bank provides for filling out its form, which provides information about the profit. The following information should be provided here:

Profit from renting out housing. You must submit a 3-NDFL certificate received from the Federal Tax Service.
Material rewards for intellectual activity, confirmed by a patent or copyright agreement.
Income received from the provision of civil legal services, a document on the form of the Federal Tax Service.
Profit earned by other means.
Benefits received (special conditions are provided for the provision of information for this category of persons).

Important! Each document must be certified by stamping and signing the employee responsible for accounting and tax reporting.

Requirements for land plot

The land plot is subject to uniform requirements for all borrowers.

The land use category must correspond to that permitted for the construction of individual housing construction. Areas with the status of “reserve” or “environmental protection zone” are not accepted.
The minimum size of land plot is 6 acres.
The maximum plot size is 0.5 hectares, with the exception of some regions of Siberia, the Far North and the Far East.
The distance between the property and the main office of Sberbank, where the mortgage is issued, is no more than 100 km. Some regions have the right to set a distance of up to 30 km.
The land should not have encumbrances or restrictions.
The site must have access roads and utilities (their presence in the future is allowed).

Verification of information on a land plot is carried out on the basis of an extract from the Unified State Register of Real Estate, as well as the urban planning plan of the area, if we are talking about the construction of individual housing construction in a cottage village.
A mortgage on a plot of land with a house in Moscow from Sberbank requires the provision of additional information, which is regulated by local branches of the credit institution.

To consider an application you need

Sberbank implies consistent presentation of the necessary documentation depending on the current stage of the mortgage process. At the initial stage, you should provide personal information about the client (or the circle of mortgage partners) and indicate the desired mortgage parameters. The first category includes not only socio-demographic civic characteristics, but also income.

Basic documents

At the initial stage of requesting a mortgage, in addition to the submitted documents, an application form is also prepared for Sberbank. It is presented in a form unified within this financial corporation. Despite the presentation of personal documents, it also duplicates personal information in your own hand and formulates the request itself.

List of documents for Sberbank for purchasing a country house:

Passport of a citizen of the Russian Federation with a copy.
Temporary registration form (if only one is available).
Confirmation of employment and material well-being.
Collateral documentation.

If the request is granted, the registration does not end there. Next, the creditee is given a ninety-day deferment to prepare other documentation and take the necessary actions. As for the latter, when purchasing options under construction and ready-made, the main action is precisely the selection of the most suitable suburban property.

At the second stage of registration, the person will be required to submit all the documentation on the future property (country house), as well as an extract from the Sberbank account about the crediting of money here to make the initial payment. These papers are standard. Sberbank has the right to demand that this list be expanded if additional questions arise and inspections are carried out.

To receive a loan with the “Young Family” offer, additional

“Young Family” is more of a kind of offshoot from the main programs than a separately developed project. Such an offer can be used not only when purchasing and building suburban housing. The papers listed below are required along with the average list. Upon delivery of this documentation, the future owner receives special conditions for out-of-town lending.

Documents for the promotion within the framework of a mortgage from Sberbank:

Marriage certificate, if the family is complete.
Birth certificate of its minor members;
Documents confirming the relationship with the borrower’s parents, if their income is taken into account when agreeing on the mortgage.

The main goal of such a promotional offer for Sberbank’s out-of-town product is to lower the initial payment level to 20% with an increase in the duration of out-of-town lending by a maximum of 5 years. For other projects - a reduction in the rate for newly created social units (subject to the age limit of the recipient at the time of application - 35 years).

Application review period

An application for a mortgage is reviewed by Sberbank specialists within eight working days (excluding regular and holiday weekends). Extension of this period occurs extremely rarely. For example, if problems are detected in the Sberbank system itself or if additional checks are necessary.

The reduction of this period is facilitated by the client’s status in the banking system (for example, “salary client”). It is possible to avoid a delay by providing a complete package of documents with truthful information.

Terms for consideration of a loan application

Standard terms for reviewing a loan application include several stages, which include:

Entering the necessary information into the main mortgage database. The turnaround time takes from 1 to 2 business days (please note that weekends and holidays are not included in this case).
Assessment of the borrower's real credit history, no more than 3 hours.
Verification of personal data of the applicant and his family members. The period is up to 2 working days.
Check by the bank's security service. No more than 2 working days are allowed.
Underwriting stage. Assessment of risks and other factors associated with obtaining a mortgage.

On average, the processing time for an application at Sberbank is no more than 8 calendar days. The lender notifies you of the results of the decision by voice notification by phone, SMS notification, or notification in your personal account on the official website.

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.

The procedure for obtaining a mortgage on a land plot from Sberbank

The standard procedure for obtaining a loan for the purchase of land from Sberbank involves the following actions on the part of the borrower:

Select a suitable land plot and conclude a purchase and sale agreement.
Collect a package of documents for the purchase of a land plot and provide data to Sberbank (in the office or on the website).
Fill out the application form according to the bank and submit an application.
Register the transaction with Rosreestr (if a mortgage loan for land is approved) .
Pay a down payment of 25% (or specified in the contract).
Open a line of credit and use it for its intended purpose.

Under a mortgage, the land plot will be registered as an encumbrance. The corresponding entry will appear in Rosreestr.

Required documents

Standard package of documents for obtaining a mortgage on a land plot for the construction of individual housing construction:

Borrower's passport.
Certificate from place of employment in the form of personal income tax-2 or in the form of the bank.
Certified copies of the work book or contract.
Certificate of pension accrual (for pensioners).
Certificate of income for judges (special form).
A copy of tax reporting to the Federal Tax Service (declaration).
Certificates of accrual of state and other benefits.

For some categories of borrowers, the bank provides other documents.

Documents for obtaining a loan

To obtain a mortgage loan for the purchase of a summer cottage, the borrower needs to fill out the appropriate application at a Sberbank branch.
It takes up to 5 days to consider the application. The loan application must be supplemented with the established list of documents. List of main documents:

Application form for a loan;
Passport of the borrower, as well as co-borrower(s);
Documents or certificates confirming the employment of the borrower and his guarantors (the requirement does not apply to those clients who have a Sberbank salary card);
Documents on collateral or acquired property.

Documents to be submitted after approval of the mortgage application:

Documents confirming the availability of funds for the down payment;
Documents for the loaned property.

For more information, you can go to the official Sberbank program page. In this section you can also make a preliminary calculation of the amount using a loan calculator.

Mortgage calculator

For the convenience of calculating a credit line, use a real estate calculator , which will help calculate annuity and differentiated payments. standard mortgage calculator will ask you to enter the following data:

the exact cost of real estate in rubles;
down payment (the percentage of deduction is indicated);
lending rate offered by the bank (indicated accurate to hundredths of a percent);
lending period (the term of the mortgage is indicated).

In the final calculation, the user will have access to a payment table indicating the monthly amount of contributions.

Mortgage conditions for buying a house

The mortgage parameters depend on the program specifically selected and approved by Sberbank for issuing the purchase of a country house. When compared, similar service criteria are revealed, but there are also specific differences that help separate each project into a separate direction.

Completing a purchase and sale is fundamentally different from building a country house on your own (it is worth noting that Sberbank has a program for certain regions for the construction of a country house by accredited companies). Moreover, using the DomClick portal allows you to do this most quickly, reducing the risks of fraudulent actions on the part of any of the defendants.

Loan repayment procedure

After signing the agreement, Sberbank will provide a detailed table for repayment of obligations. First of all, the borrower is obliged to deposit into the personal account an amount of 25% of the value of the purchased property (or more, according to the loan agreement). The loan must be repaid exactly before the date indicated in the payment table. Sberbank provides clients with various debt repayment schemes:

from a bank card;
from a personal account;
cash via electronic terminals;
non-cash from electronic wallets.

To clarify the payment option, the agreement must indicate the scheme for closing the credit line.

Early repayment

If you comply with the terms of the loan and you want to repay early, then Sberbank will provide this opportunity. In 2011, a Federal Law was adopted, which provides for early repayment of a loan on the following grounds:

30 days before the date of planned early repayment, the borrower is obliged to inform the lender that he has decided to fully pay off the debts.
When the agreement does not contain a clause on early repayment of the loan, the borrower has the right to go to court to resolve the controversial issue of the mortgage.

Since 2011, banks have been required to include conditions for early debt repayment in the body of the agreement.

Penalty in case of late loan repayment

In the body of the agreement for servicing a credit line or mortgage, the bank indicates what penalty will be withheld in the event of late repayment of the loan. This enforcement measure is caused by the fact that sometimes borrowers violate their debt service obligations.

In this situation, negligent payers are charged penalties and damage their credit history. If there are signs of serious financial problems, you must inform the bank in advance by personally visiting the office or leaving a message on the institution’s website. Useful advice on how to overcome the current situation can be obtained by calling the hotline.

If the matter is left to chance, then litigation cannot be avoided. The scheme for notifying the borrower about a penalty is different. Thus, in the first 5 days, reminders about overdue payments are sent automatically by telephone. Then bank employees will call the debtor's relatives and employer. Later, they will file a claim in court.

How does mortgage repayment work?

When the loan agreement is signed, a detailed table regarding mortgage repayments will be provided as an addendum. Initially, the borrower must contribute 25% of the appraised value of the acquired land plot (or more in accordance with the agreement).

The loan must be repaid before the date indicated in the payment table. Sberbank has provided several ways to make loan payments:

using a bank card;
through a personal account;
cash in an electronic terminal;
non-cash via e-wallet.

To detail the methods of making payments, the contract must include a scheme for closing the mortgage.

How to get a mortgage payment deferment

Deferment of a loan is allowed in extreme cases, including:

Dismissal from work.
Reduced wages.
A serious illness resulting in partial or complete loss of ability to work.
Pregnancy, childbirth.
Family circumstances, such as the death of a loved one or divorce.
Exchange rate fluctuations.

In this case, the bank may offer one of the mortgage payment deferment options:

Extension of the loan agreement.
Debt cancellation is unlikely, but it can be achieved.
Announcement of credit holidays.
Refinancing program.
Cancellation of penalties and commissions.

Of all the above proposals, the most likely are credit holidays and payment benefits.

Procedure for granting a mortgage

Funds for a country house are not issued as cash. They go exclusively to bank accounts. Such a transfer can be made at once or partially, depending on the agreement with the seller on the payment scheme. In this case, the issuance is carried out either at the current address of the individual or at his future property (if there are subdivisions).

Repayment procedure

The debt on a country house is repaid at Sberbank by individuals only in the annuity mode. This technique assumes equal transactions from month to month throughout the servicing of the mortgage. Adjustments are made only when a partial early closure of the mortgage is carried out. Then a reduction in monthly amounts is allowed.

Partial or full early repayment of the loan

Paying off your mortgage early can cancel the entire debt if you pay the full balance of the debt. When a portion of the mortgage is credited (in an amount larger than the next installment in the payment schedule), changes are made to the service. This is either a reduction in the duration of out-of-town lending or its retention while reducing the amount of monthly payments.

Penalty for late repayment

Sanctioning as a way of punishing a defaulter on a house debt involves the daily accrual of penalties. The rate is determined at the rate of the Central Bank for each day of delay. The debt ceases to be overdue on the date of making all missed payments along with penalties.

Your personal account has the ability to make online payments.

What to do if your mortgage application is refused

There is no single action plan. But the applicant has the right to try the following:

Offer another property; perhaps Sberbank is not satisfied with the exact site indicated in the application.
Contact credit brokers who will find the best bank for mortgage lending.
If you don’t have a salary account with Sberbank, you need to open one.
Apply for a consumer loan instead of a mortgage. Relevant when you need a small amount to purchase or build an individual residential building.
Submit an application to several banks at once.

We remind you that there is no ideal recipe; the applicant may have to try different schemes to obtain a loan.

Package of real estate documents

Regardless of whether you provide collateral or guarantee, the property will be verified by the bank. To do this, you must provide a certain package of documents. It includes:

copy of the owner's passport;
fresh extract from the Unified State Register of Real Estate;
documents on the basis of which ownership rights arose;
evaluation report;
estimate (for construction of a dacha);
spouse's consent to the sale;
draft purchase agreement and other papers if necessary.

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The listed documents must be in the hands of the seller, because all of them will be required for the transaction. The borrower only has to make an estimate (if construction is planned) and order an assessment report. The appraisal is perhaps the biggest expense when applying for a mortgage. For the services of an appraiser, you will have to pay an average of 5 to 10 thousand rubles, depending on the object and its remoteness.

Appraisals are permitted only in accredited appraisal companies that have an agreement with Sberbank (the current list can be found on the website). You need to contact one of them, providing an extract from the Unified State Register of Real Estate, a document establishing ownership rights and a copy of the owner’s passport. The appraiser comes out for an inspection and draws up a report in which the market value of the dacha will be calculated.

It is also worth paying attention to the draft purchase agreement. You can get a ready-made template from your mortgage manager at the bank, download it on the Internet, or use the services of a lawyer. If you decide to start drafting the document yourself, pay attention to the following important points:

all characteristics of the object are written down as in the Unified State Register of Real Estate;
it is indicated on what basis the dacha belongs to the seller;
the payment procedure is stipulated (part is transferred with one’s own funds, the remaining amount is transferred through a loan, indicating the bank and the transfer period);
registration of a pledge must be prescribed with reference to No. 102-FZ (if an encumbrance is provided);
the object is not pledged to the seller until the full amount is transferred.

Pros and cons of applying for a mortgage on a land plot in Sberbank

What are the pros and cons of a mortgage on a land plot in Sberbank. Let's start with the positive ones:

If you attract a co-borrower, you can increase the size of the credit line.
No commission fees.
Salary clients have advantages over other borrowers.
Preferential categories of citizens undergo a simplified procedure to obtain a loan.
In case of early repayment, the bank does not apply sanctions.
You can get an additional credit product, for example, a card with a high limit.
Refinancing of previously issued loans is allowed.

Negative aspects are also present, and these include:

A voluminous list of requirements for a land plot.
A system of compulsory property insurance has been introduced.
High interest rates and unaffordable down payments.
A limited number of banks that offer mortgages for land plots.
Complex schemes for determining the price of a property.
Lending is carried out only in Russian currency.

In all cases, only Sberbank has advantages when applying for a mortgage on a land plot in 2021.

Features of lending to citizens

Construction planning begins with choosing the site on which the cottage or garden house will be located. Applying for a loan to purchase land has the following features:

High interest rates. If the borrower fails to fulfill its obligations, the bank will have difficulty selling the collateral. That is why the credit institution compensates for the financial risk with an increased interest rate;
Determining the value of an object is a rather complex process. The appraiser will have to take into account many factors that form the final cost of the land (distance from the city, prestige of the area, availability of infrastructure, area, etc.);
Any residential buildings and non-residential buildings erected on the site will automatically become classified as collateral. Registration of a large number of buildings can take a long time;
You can only build a house on land intended for residential construction (agricultural properties cannot be used to build a cottage).

A land plot used as collateral does not require mandatory insurance against the risk of damage or loss. An exception may be land that is located in regions with specific climatic and geographical conditions. In this case, real estate is insured against natural disasters (earthquake, floods, landslides, sharp rise in groundwater level, etc.). The insurance contract is renewed annually. The amount of the insurance premium depends on the balance of the loan.

Pitfalls and risks of mortgage lending

It is difficult to talk about all the pitfalls and risks in one article, but some of them must be mentioned.

Military personnel can count on a mortgage only if they are serving on active duty in the ranks of the Russian Armed Forces.

Public sector workers can only rely on their own strength. There are so-called risks associated with currency fluctuations; you must carefully read the contract if such a clause exists a priori.

Additional expenses are often imaginary schemes of banks, and sometimes commissions and other hidden fees for non-existent or insignificant services may unexpectedly arise. The borrower does not have the right to dispose of the property, in particular, to sell the land (under the terms of the mortgage, the property is pledged and registered with Rosreestr). Failure to repay a loan is fraught with loss of image and reputation, loss of property by court decision.

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.

Required documents

Country mortgage, list of documents:

Documents from the individual borrower to assess his solvency:
Questionnaire, application;
Passports of co-borrowers;
Work book or certificate from the employer, 2-NDFL for six months or a certificate on bank letterhead, pension document or other documents.
Documents for the purchased dacha/individual housing construction and land, if the owner of the individual entrepreneur:
A document confirming the seller's ownership of the house;
Evidence of the absence of encumbrances, for example, an extract from the State Register;
The agreement on the basis of which the seller became the owner (donation, inheritance, purchase);
Refusal of the participants in shared ownership of the right to purchase;
Property valuation;
Consent of the second spouse to the sale transaction;
House book or other document indicating who is registered;
Permission from guardianship authorities in the presence of children;
The same list is required for land + cadastral passport of the plot;
Other documents.
Confirmation of payment of the first installment:

Account statement showing the balance;
Payment documents;
Certificate for receiving maternity capital;
Agreement for the sale of other real estate.

For what purpose?

The bank is ready to issue a loan for land that is registered in the cadastral register and is intended for the following purposes: individual residential construction (IHC), gardening, dacha farming or private household plots.

The bank will issue a loan for the purchase of land:

located up to 50 km from the city;
with a road providing year-round access;
with clearly defined boundaries and without legal claims.

The owner of the land must have a certificate of state registration of ownership, a report on the assessment of the value of the land, as well as an extended extract from the Unified State Register of Real Estate, which will indicate the intended purpose of the land. There should be no encumbrances on the land (collateral, arrest, etc.).

Important! Banks practically do not offer programs that allow you to purchase a plot of land using loan funds, without pledging other real estate. But Sberbank has loans where the collateral can be a plot of land.

We talked more about what criteria and requirements banks impose on the acquired land and for what purposes in this material.