Can an officially unemployed person take out a mortgage?

How to Apply Online for a Mortgage

You can submit an application and receive a mortgage decision without visiting a branch. To do this, just go to the website of the selected bank and fill out a form.

For example, in the application of Rosselkhozbank you must indicate:

a bank branch where it is convenient to obtain a mortgage;
FULL NAME.;
date of birth;
contact details (phone, email);
desired loan parameters (term, amount).

How many times can you take out a mortgage for a home?

The bank can individually consider any application from a client. In particular, families whose income level has increased or the borrower has a financially wealthy co-borrower have a chance to get a loan. That is, you can submit an application to the bank in any case, but the lender’s decision may depend on many factors.

There are no special provisions that would regulate how many times you can take out a mortgage on a home. This depends primarily on the client’s solvency. Moreover, the client’s income is not only wages, but also benefits, pensions, and additional income. One caveat - each type of income must be confirmed by a certificate in Form 2-NDFL, this applies to both part-time work and income, for example, from renting out real estate.

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Why is it more profitable for banks to issue a mortgage for a family?

Banks are reluctant to approve mortgages for single or unmarried clients. It is important for them to minimize their risks when issuing money, so a family is preferable as a borrower.

Let's take a closer look at why banks more often approve a mortgage for a family than for a single client (for example, even without a co-borrower):

It's easier for two adults to pay off debt. The income of two spouses is higher than that of one person and, accordingly, the likelihood of delay is reduced.
Increased responsibility. If a man is not married or a woman is not married, then you have to think only about yourself, but if you have a family, responsibility arises for its other members, especially if there are children.
Less chance of mortgage default. Even if one spouse's wages are delayed or he loses his job, the likelihood of defaulting on a mortgage loan will be lower.
Simplified debt collection. It is easier to influence a person who evades paying a debt through a spouse or other relatives. If they are co-borrowers on the loan, the bank has every right to demand payment of the debt from them.

Is it possible to take out a mortgage alone?

For any credit institution working with housing loans, one thing is important - to receive previously provided funds within the period previously agreed upon with the borrower and without any losses. That is why the main attention from the outside is paid to the financial stability of the potential client. Its main feature remains the amount of income of the person wishing to receive a loan.

The larger it is, the more favorably the lender will treat the candidate who submitted his application form for consideration. In other words, the bank is interested in one thing - whether you have enough money to repay the loan or not. Accordingly, if you have the necessary income, then you will not face any serious obstacles to taking out a mortgage for one person.

The situation will be completely opposite for those whose mortgage ambitions clearly do not correspond to their salaries. Having asked for a loan in an amount that they are unable to repay, such individuals are faced with one of the most common reasons for being denied a mortgage. Of course, it is possible that the bank will simply offer you to reduce the loan amount or increase its term, but the likelihood of this is low.

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Under what conditions can you get a mortgage?

A mortgage loan is issued for the purchase of an apartment in a finished or under construction building, apartment, townhouse or individual residential building. Sberbank also offers a mortgage for the purchase of a garage or parking space.

The loan is secured by the pledge of purchased or owned real estate. The collateral must be insured against the risks of loss or damage for the entire term of the loan agreement. Life insurance is available upon request.

Most banks require a down payment. In Sberbank, Rosselkhozbank, Raiffeisenbank and Alfa-Bank it is at least 15%, in VTB - from 10%, in UBRD - from 20%, and in Promsvyazbank you can register an apartment without a down payment.

The maximum loan amount in Rosselkhozbank and VTB is 60 million rubles, in Alfa Bank - 50 million rubles, in Promsvyazbank and UBRD - 30 million rubles, in Raiffeisenbank - 26 million rubles, and in Sberbank the size of the mortgage is limited only by your solvency and the cost of housing. The loan term in VTB, Rosselkhozbank, VTB, Alfa-Bank, Sberbank and Raiffeisenbank is up to 30 years, and in UBRD – up to 25 years.

The minimum rate in VTB and UBRD is 8.9%, in Alfa Bank - 8.99%, in Promsvyazbank and Sberbank - 8.6%, in Rosselkhozbank - 9.3%, and in Raiffeisenbank - 10.25%. If you cancel life insurance, it will increase by 1%.

Application for a cheap mortgage

For each income level, each bank applies its own monthly payment percentage. So, for example, in Sberbank, if you receive 100,000 rubles a month, then the maximum monthly payment for you will be 80% of this amount, that is, 80,000 rubles. However, if your income is 10,000 rubles, then the amount of monthly payments cannot exceed 6,000 rubles (60%).

Note that this is only a conditional calculation, since other factors are also taken into account, such as:

Type of mortgage lending (purchase of a finished property under construction) - for each of them the bank can create different conditions regarding the maximum possible down payment, terms and amounts of lending;
Client participation in the bank’s salary project - the maximum possible payment may be greater than for clients employed in other organizations, but with a similar income. The interest rate for corporate borrowers is lower;
The size of the down payment affects the final annual interest rate. The higher the contribution, the lower the overpayment and the greater the chances of approval;
Registration of real estate in the name of the borrower before or after taking out a mortgage loan - in the latter case the interest rate will be lower.

Of course, when calculating the maximum possible loan amount, the costs of other loan products, as well as other payments, for example, those awarded by the court (alimony, etc.), must also be taken into account. If there are such expense items in your budget, then during calculations they are automatically deducted from the amount of your income.

The bank employees themselves recommend not to be overloaded with unnecessary information on the formation of credit limits, but to seek advice directly from a specialist. The branch will tell you in detail about the terms of mortgage loans, calculate the payment and indicate the maximum possible amount that can be issued to you.

They will also be very wary of a borrower who is too young, has little work experience, or has a small staff of employees in the organization in which he works. In this case, the presence of a co-borrower with more attractive data for the bank would significantly improve the applicant’s position.

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Requirements for the borrower

Many banks provide mortgage loans only to citizens of the Russian Federation, but at VTB, Alfa-Bank, Raiffeisenbank and some others you can get a mortgage even if you have citizenship of another state.

To receive a positive decision on your application, you must meet the following requirements:

age at the time of application - from 21 years (in UBRD - from 23 years), and at the end of the loan agreement - up to 65 years (in Sberbank - up to 75 years);
official income that allows you to pay monthly installments (the bank will tell you the exact amount);
work experience with the current employer - from six months (at UBRD - from 3 months);
total experience – from one year.

What documents are needed?

When submitting an application, you will need a passport, SNILS, a copy of your work record book and a salary certificate. Men of military age must present a military ID. If you receive your salary on the card of the bank where the mortgage is issued, then it is not necessary to confirm your income and employment.

Additional income should also be confirmed by submitting a tax return or a certificate from your part-time job.

Once the application is approved, real estate documents will be required. If you are purchasing an apartment in a building under construction, then you need to submit to the bank a contract of equity participation in construction (DDU) and a package of documents for the developer (Charter, decision on the appointment of a manager, etc.). When purchasing an apartment from a developer who has been accredited by the bank of your choice, you only need to submit an agreement with him.

If you are purchasing an apartment on the secondary market, you need to prepare:

assessment report;
the seller's certificate of ownership of the property (if available);
a document providing the basis for the emergence of property rights of the seller, for example, a certificate of inheritance;
extract from the Unified State Register of Real Estate;
technical and cadastral passport;
an extract from the apartment (house) register.

How to get a mortgage alone?

The bank reviews the application within 1-10 days. Once approved, you will need to complete the following steps to finalize your mortgage:

Find the right property to buy. You can do this yourself or seek help from a real estate agency.
Evaluate the selected property. The assessment report is prepared within 3-10 days. It is recommended to order it from an appraisal company that has been accredited by the selected bank.
Agree on housing as collateral with the bank. Its employees will check the property for legal purity within 5-10 days.
Buy insurance policies and make a down payment on your mortgage. Funds must be credited to a specially opened account.
Agree with the seller on the date of the transaction, sign the mortgage agreement, as well as real estate documentation, for example, a purchase and sale agreement.
Register the transaction in the state register. To do this, you need to submit your loan documentation and mortgage to Rosreestr or MFC. The state registration procedure takes 5-10 days.
Provide the bank with an extract from the Unified State Register of Real Estate with a note indicating the transfer of ownership of the property.

Will they give a mortgage to one person?

If there is no one to turn to, it is better to register the purchased housing, land plot or garage as collateral. If you cannot repay the loan, the property will become the property of the bank by court decision. The option, of course, is not the most pleasant, but most often there is no other way. Under such circumstances, you will still have to part with the property, although in a slightly different way.

The main difficulty in obtaining a mortgage is that this loan involves quite large amounts of issuance for long periods. The bank takes risks, because in 10-30 years a lot can happen to the client - loss of ability to work, loss of solvency, various insurance and non-insurance events. The lender wants to hedge its bets and sets mandatory or desirable requirements for a single borrower. For example, the client may be required to:

Good afternoon They definitely say that pregnant women cannot sit still))) We are expecting our second baby in early May next year. We now have a two-room apartment with a mortgage.

The balance of the mortgage is 730 thousand rubles. An apartment on the 3rd floor of a 3-storey building on the outskirts of the city in a not very good area - the area is very poor, there is a lot of drunkenness on the streets, there are practically no children or playgrounds on the street, shops, a school, a kindergarten, clubs, sections are a bit far away.

We want to buy an apartment in the Moscow region, the child is not even a year old. Question 2: 1) can we take out a mortgage now, and after some time pay off the debt on it? capital?

(I know that it is not possible as a down payment). Or can this only be done with a mortgage taken out before the birth of the child? 2) I read on their website that one of the conditions (hereinafter I quote) is that the family must not own another living space; So, what if I have a share in a privatized apartment and...

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How to increase the chances of your application being approved?

Banks consider each application individually. You can increase your chances of receiving a positive decision by following these recommendations:

Make the largest possible down payment. If the loan amount is at least 60% of the cost of housing, the chances of approval will increase.
Verify additional income. To do this, you can submit certified bank statements, declarations, etc. to the bank. Availability of additional. income will confirm your solvency.
Apply for a mortgage at the bank where you have your salary card. Payroll clients are usually more trustworthy.
Prepare additional collateral. For example, collateral of liquid real estate will convince the bank that you intend to repay the debt on time.

What is the difficulty of obtaining a mortgage for one borrower?

Attracting guarantors;
Presentation of purchased property as collateral;
Life and health insurance of the borrower, insurance of purchased housing, land, garage, etc.

Another problem is the borrower's income. As a rule, if a client requires a large sum, then he should receive a correspondingly large salary. On the Internet you can find recommendations about the obligatory minimum income of the borrower. Allegedly, the monthly payment should be no more than 30, 40, 50% or another part of the amount of funds you receive. All this is only partly true. The fact is that for mortgage loans there is no specific figure by which the maximum possible payment and loan amount are calculated. If you want to test your options, apply for a mortgage using the offer below. They will tell you how much you will be approved for a mortgage for.

Application for a cheap mortgage

Mortgage amount up to 100 million rubles
Duration up to 25 years
Rate from 11.2% per annum
Down payment from 15%
Mortgages for young families and for maternity capital
Quick consideration of the application and receipt of a decision
Professional approach, assistance in paperwork
Minimum red tape and trips to the bank

Apply now

Note that this is only a conditional calculation, since other factors are also taken into account, such as:

Type of mortgage lending (purchase of a finished property under construction) - for each of them the bank can create different conditions regarding the maximum possible down payment, terms and amounts of lending;
Client participation in the bank’s salary project - the maximum possible payment may be greater than for clients employed in other organizations, but with a similar income. The interest rate for corporate borrowers is lower;
The size of the down payment affects the final annual interest rate. The higher the contribution, the lower the overpayment and the greater the chances of approval;
Registration of real estate in the name of the borrower before or after taking out a mortgage loan - in the latter case the interest rate will be lower.

What to do if the bank refuses

If one bank refuses to provide a mortgage, you can contact another. Sometimes refusals are related to the credit policy of a particular bank.

But if you have been refused by several banks, you should take the following actions:

Find guarantors or co-borrowers. These could be close relatives, common-law spouses, etc.
Check your credit history. There may be errors in it that need to be corrected before accessing again.
Close some or all of your existing loans. Refusals may be associated with large debt loads.
Check the information provided in the application form. Sometimes a simple error in the employer's data, for example, in the telephone number or TIN, becomes the reason for the refusal.
Increase your down payment.

There is no point in submitting a new application immediately after receiving a refusal. The bank’s negative decision is valid for 3–6 months. Only after this period has expired should you apply again.

Where is the best and most profitable place to get a mortgage?

When choosing a bank to obtain a mortgage, experts advise focusing on the conditions offered by the best Russian banks included in the TOP 10 (Sberbank, VTB, Rosselkhozbank, Alfa-Bank and others). Mortgage rates should not differ significantly from the market average, and too low interest rates should alert a potential borrower.

It is better and more profitable to submit an application for a mortgage to the bank whose client the future borrower is and where he has a positive credit history. Banks also give preference to their salary clients - citizens who receive their salaries into an account with a given bank.

A person without a family should keep in mind that those who agree to voluntary insurance (in particular, life, health, loss of income and employment, and so on) have a greater chance of getting a mortgage approved. Having a guarantor or co-borrower will also help. Mortgages will definitely be denied to single borrowers with unstable jobs and low salaries, bad credit history, in case of refusal of insurance, and also if the mortgage is taken out for a short period.

Will they give a mortgage to one person? Like any loan, of course, yes. Especially if you have a good salary and a permanent job. But when applying for a mortgage loan for one individual, there are some nuances and problems. However, these issues can almost always be resolved.

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Reviews about obtaining a mortgage for one person

Ivanova Elena:

Malinina Anna:

“I chose Alfa-Bank’s mortgage because I already had a positive experience of working with it. I was advised in great detail on the terms and conditions and my application was immediately accepted. Approved quickly. At the stage of approving the apartment, the questionnaire was checked carefully, but I think that this is even good. I was also pleased with the interest rate. Thanks to Alfa-Bank, I became the owner of my own apartment now, instead of saving for 10-15 years.”

Smyshlyaev Mikhail:

Gredyushko Maxim:

“At the beginning of summer, I looked for a suitable apartment from a developer and decided to buy it with a mortgage from Sberbank. They helped me submit my application directly at the developer’s office. The loan was approved in literally 3 days. The rate turned out to be lower than I expected, because the developer is a partner of Sber.”