Sberbank mortgage for a young family (with subsidy)

The essence of the program

The “Affordable Housing for Young Families” program was created as a measure to help young citizens who are unable to independently purchase their own housing. They cannot afford to buy with their own funds or with a mortgage loan.

The state has developed a subsidy scheme, according to which program participants receive money from the government. This money can be used to pay for part of the property, buying it with cash or with a mortgage.

The amount of subsidization is decent - 30-35% of the cost of housing in the region required by the standards for a particular family. That is, family composition, region and city of residence matter. Local government bodies regulate issues, they also make calculations and regulate the applicant’s receipt of payments.

That is, this is not the Young Family program from Sberbank. This is a government program that is relevant when contacting any bank. If there is a right to subsidy, the family turns to any credit institution it wishes. But many still choose Sberbank, because it traditionally sets good contract conditions and is distinguished by the availability of branches.

What kind of housing can you buy with a certificate?

According to the terms of the state program and the rules of Sberbank’s work with funds in a special account, the owner of the certificate can spend assistance from the state on the purchase or construction of residential premises, which must really be suitable for permanent residence, comply with sanitary standards and regional requirements for improvement.

How to exercise the right to social benefits in Sberbank

As part of the package of documents, Sberbank receives a certificate of the young family’s right to a subsidy. After the conclusion of the contract, the certificate is not returned to the applicants. The document is stored in the credit institution for 3 years.

No, you're saying something wrong. I have friends of friends who took part in the program, despite the fact that they did not have million-dollar bank accounts. Since these are just friends of friends, I can’t ask them personally.

Documents confirming the financial capabilities of a young family to pay the average estimated cost of housing in terms of excess of the subsidy amount. In this case, you can submit an extract (or several) of your personal account from a commercial bank indicating the presence of a certain amount of money on it or a certificate of income from your place of work (2NDFL certificate), confirming regular income and the ability to repay a mortgage loan;

1. Statement.
2. Passport of a citizen of the Russian Federation with a registration mark.
3. A document confirming the location of the borrower at the place of registration.
4. A document confirming the borrower’s income level and employment.
5. Documents on the collateral provided, if the loan is secured at the expense of another property.
6. Marriage certificate.
7. Child's birth certificate.
8. If there is a co-borrower-parent, documents confirming the relationship between the borrower and the co-borrower.
9. Certificate for maternal (family) capital.
10. Document from the Pension Fund of the Russian Federation on the balance of maternity capital.

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Applying for a mortgage is very simple - it can be completed through the Sberbank website. This method of applying is not only simple, but also profitable - it helps you purchase mortgage housing at a reduced rate. Templates for purchase and sale agreements using electronic registration can be found on the website of the most popular Russian bank. There, a young family is invited to calculate the rate on a Sberbank mortgage.

Interest rates

1. Confirming the initial payment made.
2. Documents for residential real estate purchased with a mortgage. They are issued within 90 calendar days from the date the bank makes a decision to issue a loan.

Taking out such a mortgage is beneficial due to the presence of additional privileges. If a child appears in the family, you can defer payment of the principal amount of the debt. This condition is valid until the child reaches 3 years of age. Please note that the deferment does not apply to mortgage interest.

Who can receive a subsidy and how?

It is targeted and issued only to families that meet the conditions. It is important that we are talking about families of any composition: a childless couple, a classic family with children, a single parent with a child or several children. All of them can apply for participation and obtain a mortgage from Sberbank for a Young Family.

Requirements for participants:

• if we are talking about a couple, the marriage must be registered;
• The age of each spouse must not exceed 35 years. There is an important point here: 35 years is the age at the time the subsidy is provided. And it takes 2-3 years from submitting an application to receiving the money. Turned 36 years old - that’s it, I can’t get any money;
• the family was recognized as in need of improved living conditions. This status is given by local governments based on the provided package of documents.

As you can see, not everything is so simple, but the amounts of subsidies are decent, you can spend time on them. First, a family needs to receive the status of needing housing, after which it becomes a participant in the program and gets on the waiting list. Financing is carried out once a year, families wait 2-3 years for money. So it's not a quick thing.

Standard requirements for a young family when applying for a mortgage loan

To take out a mortgage, newlyweds must meet certain criteria:

• be at least 21 years of age and not older than 35 years of age;
• be in an officially registered marriage;
• stand in line to improve housing conditions;
• have a regular income, provided that in total it exceeds at least 2 times the mandatory payment;
• at least one of the spouses must have worked at the current place of work for at least six months;
• have permanent residence in the same apartment for at least 5 years.

If the spouse will soon serve in the army, then you must prove to the lender that the available income will be enough to pay off the mortgage payments and there will be no delays.

How much can you get for a Young Family?

This is the most important question. There is no fixed amount, as, for example, with maternity capital. There are several factors that influence the amount of subsidies. The most important thing is how many meters of housing a particular family needs according to the standard. And each region has its own rules. For example, in Moscow - 18 meters per person. Accordingly, a family of 4 people, according to the standard, is entitled to housing of 72 meters.

Next comes the calculation of the cost of such housing according to the standard. The average cost per square meter in a particular city is taken. Let’s say a family is entitled to 72 meters; in the city where they live, a meter costs on average 40,000 rubles. Accordingly, the purchase will cost 2.88 million rubles. Now, based on this amount, a specific subsidy is assigned:

• 30% if we are talking about a family without children;
• 35% if there are children in the family.

As a result, it turns out that our potential family with children will receive 35% of 2.88 million from the state, that is, a little more than 1,000,000 rubles. And this money can be used to apply for a mortgage from Sberbank for a young family. Moreover, the amount can be used as a down payment.

You can buy housing that is more expensive and more than the norm, but the amount of the subsidy will remain unchanged.

Calculation of mortgage costs Sberbank of Russia

The mortgage calculator from Sberbank is a convenient built-in tool with which you can calculate the approximate amount of monthly loan installments. You can find it on the official website of the financial institution.

Sberbank mortgage calculator for the Young Family program

To make mortgage payments, the client must decide in advance on the type of property being purchased and review the options to find out the cost of housing on the real estate market. Using simple mathematical calculations, you can find out the loan term in advance. Algorithm of actions:

• enter the address of the official Sberbank website into the address bar;
• after the page has fully loaded, you need to go to the “Mortgage” menu sub-item;
• select the offer you are interested in;
• carefully study the information about the program;
• open an online calculator.

After clicking on the corresponding button, several fields will appear on the monitor screen that must be filled in by entering the following information:

• the full cost of an apartment or residential building;
• approximate loan term;
• the amount of the entry fee;
• approximate mortgage issuance date;
• the amount of monthly income (including unofficial sources).

The service from Sberbank may require filling out additional fields (age, first name, last name of the client, his contact phone number).

Calculation results

After all fields have been filled out, it is necessary to check the information several times to minimize the risk of receiving erroneous data. After checking, you must click on the “Calculate” button to get the results for the offer you are interested in.

Registration of mortgages for young families at Sberbank

This is not a separate product. The subsidy can be applied to any Sberbank program under which residential real estate is purchased. For today it is:

• purchase of housing under construction, rates for this product start at 6.5% per annum;
• purchase of housing on the secondary market, rate - from 8.5% per annum;
• construction of a residential building - from 9.7%;
• Moscow residents can take part in a special renovation program.

The mortgage terms themselves for a young family at Sberbank are standard and do not differ from those established for ordinary potential borrowers. Applications are accepted from citizens over 21 years of age. The work experience of the main borrower is at least 6 months at the current place, the total work experience over the last 5 years is at least 1 year.

If we are talking about spouses, it is the family that is considered, they become co-borrowers and bear identical rights and obligations. When considering, the income of both is taken into account, and there is no requirement for the co-borrower to be required to work. The level of solvency of the family as a whole is considered.

Who can take advantage of the offer

Not only spouses have the right to take out a mortgage for a young family from Sberbank. The conditions of the financial institution provide for the involvement of third parties, which may be close relatives, for example, parents. They act as co-borrowers. Including their names in the agreement increases the chances that those wishing to take out a mortgage will receive a positive response to their request for a large sum of money.

Requirements for a bank client

For many, a mortgage from Sberbank for a young family is the only opportunity to become the legal owner of their own home. It is worth noting that the bank does not pay attention to the cost of the apartment that clients plan to buy. The family's wishes are limited only by the amount of the loan received. It can be increased by providing information about existing property.

Newlyweds can receive additional preferences upon the birth of a child, and Sberbank may, in this case, defer payment of the principal amount. Young families can take advantage of this offer until the child reaches the age of three.

When calculating the rate, it is also important to accurately indicate the cost of the loan object itself, and it is important to shorten the loan period. The amount of payments also depends on the gender of the borrower and his age - all this will also be asked to be indicated in the calculator form. Payments also depend on the borrower’s proven income and the availability of other guarantees. If all the data proposed by the project was filled out correctly, you will receive the result in a matter of minutes, with an error of only 5 percent on the up or down side.

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What to do if a child is born

Naturally, borrowers are interested in how much they will have to pay on the loan, and participants in the Young Family program from Sberbank of Russia are no exception. The financial costs of maintaining a loan depend on many factors, and bank employees can calculate the annual rate; you can also use the services of a loan calculator on the official website of the financial institution.

• fill out an application form at a Sberbank branch for a mortgage loan;
• submit documents to the Bank; in some cases, the spouses may be asked to provide additional documents;
• within 2-5 days, expect a decision on issuing a subsidy;
• after that, collect documents for the housing you are interested in;
• register agreements for lending, collateral for real estate and insurance of purchased real estate;
• receive cash and complete purchase documents.

Sberbank rates for young families

If you study what interest rate on a mortgage at Sberbank is given to a young family, then there is a relaxation in this regard. Lending is carried out on improved terms, rates are reduced. That is, a subsidy can be applied and the rate can be reduced—excellent conditions.

Sberbank has a promotion for young families. The standard base rate is 8.9%, for young people - 8.5%.

The base rate is the one on the basis of which the real rate at which the loan will be approved is calculated. The following may be added to it:

• 0.3% if the purchase object was not selected on Domclick.ru - a special mortgage service of Sberbank;
• 0.4% if the down payment is less than 20%;
• 0.5% if the borrower is not a salary client of Sberbank;
• 0.8% if he did not provide documents on income;
• 1% if the borrower refuses to insure his life and health.

So, the base rate may increase significantly. This fact should not surprise you. In the description of products, all banks traditionally indicate the smallest percentage, and then add additional ones to it. When analyzing at what percentage a mortgage is given to a young family at Sberbank, take this fact into account.

The process of applying for a mortgage loan under the Young Family program at Sberbank is no different from the classic scheme. You submit an application, get approval, choose a property, collect documents for it and transfer it to the bank. If the object meets the bank's requirements, the transaction is completed. The contract will include the amount minus the required subsidy.

Under what conditions can a young family receive a loan?

If a young family has the opportunity to make a down payment, and the loan is taken out for a maximum period (20-30 years), then in 2012 the interest rate on it will be 14%. But in some cases, a young family can count on a reduction in the loan rate. Those who receive wages on a Sberbank card or work in an organization accredited by Sberbank can count on preferential lending terms. These conditions also apply when purchasing housing in houses during the construction of which Sberbank loan funds were used. The loan rate in this case will be 12.75%.

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What is the interest rate on the Young Family loan?

• completed application form;
• passports of both the borrower himself and, if any, all co-borrowers;
• documents for the property that will become collateral;
• certificate of income of the main borrower and co-borrowers;
• marriage certificate;
• child's birth certificate.

1. At the time of the birth of the child, you can submit a written request to consider a temporary deferment of payments on the principal amount of the debt; this condition can be used until the child is three years old;
2. No additional payment required for early repayment;
3. The penalty interest is also relatively minimal and will be no more than zero point five percent of the daily overdue amount.

Special mortgage for families with children

A Sberbank mortgage for a young family can be issued under another program not related to subsidies. The government has created a separate product through which families with children can obtain housing loans at 5-6%. It is relevant for families in which a second or subsequent child was born from 2018 to 2022.

Program parameters:

• down payment required - from 20%;
• the maximum loan amount is 12 million rubles for Moscow and St. Petersburg, 6 million for other cities and regions;
• rate - 5%. If the borrower refuses to buy an insurance policy - 1%.

These are really favorable conditions. The interest rate on a loan for a young family with children is subsidized by the state. The process of applying for a loan is no different from the usual one.

Please note that the mortgage under the Young Family program at Sberbank correlates with all other forms of subsidies and special programs. For example, a family with children can receive a subsidy from the state, use maternity capital and get a mortgage under a special program at 5%. Everything fits together, and in the end the deal will be extremely profitable.

about the author

Irina Rusanova - higher education at the International East European University in the direction of "Banking". Graduated with honors from the Russian Economic Institute named after G.V. Plekhanov with a major in Finance and Credit. Ten years of experience in leading Russian banks: Alfa-Bank, Renaissance Credit, Home Credit Bank, Delta Credit, ATB, Svyaznoy (closed). He is an analyst and expert of the Brobank service on banking and financial stability. [email protected]

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Procedure for obtaining a mortgage

The algorithm for obtaining a mortgage without a down payment is similar in all banks and consists of the following steps:

1. collection of the required package of documents;
2. applying for a mortgage loan without a down payment;
3. waiting for a decision, which usually takes about 5 working days;
4. provision of prepared documentation to the bank;
5. drawing up and signing a loan agreement;
6. opening a bank account;
7. searching for suitable housing on the real estate market and concluding a deal with the seller;
8. real estate valuation and verification of all documentation;
9. receiving funds from the bank and settling with the seller;
10. registration of property rights in Rosester;
11. mortgage registration, real estate insurance.

If a young family takes out a mortgage under the “Young Family” social program, then you must first become a participant.

After this, the borrower becomes the owner of the apartment (house). However, he will not be able to fully dispose of it until the mortgage is paid in full, since restrictions are imposed on housing (Article 335 of the Civil Code of the Russian Federation).

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Author of the article Irina Rusanova

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Similar products from other banks

In addition to Sberbank, a number of financial organizations provide services for the purchase of their own housing to young families. The proposals can be found on the official websites of institutions.

VTB Bank mortgage New building

VTB Bank is a fairly reliable credit institution that offers its clients to get a mortgage and purchase their own home under the “New Building” program. The bank's annual fee is 7.9%.

Basic conditions:

• client age – 21-65 years (in some cases the threshold is reduced to 70 years; before this age the client must repay the mortgage);
• the amount of the starting payment is at least 20% of the total amount;
• loan term – up to 30 years;
• loan size – up to 60 million rubles (minimum amount – 600 thousand rubles).

The purpose of the loan is the purchase of primary stock apartments. After submitting a written application form, the bank reserves the right to make a decision on refusal/approval of the application within 7 working days.

People who have managed to save less than 20% of the total cost of housing can contact the bank. In this case, the interest rate will increase to 8.9%. The program allows you to use maternity capital as an initial payment. Official employment and permanent registration are required. The client must have worked in the last place for at least 30 days and have a total work experience of 12 months.

TKB Bank

Transcapital Bank also has state support programs for young families (mortgages). “Slider mortgage” means receiving a loan at 4.9% per annum. With its help, the client can purchase his own primary housing. The family must have a second or third child born between 2021 (January 1) and 2022 (December 31).

Loan terms are no more than 25 years. Anyone (provided they meet the organization's requirements) who is 21 years of age or older can apply. There are no penalties or fees for early repayment.

Standard conditions:

• Russian citizenship and permanent registration are required;
• official employment is required;
• General experience (12 months) is required.

The owners of the apartment in the new building are both spouses, shares are allocated to the children. The minimum loan size is 300 thousand rubles. Contribution of personal funds as start-up capital is a mandatory condition, the amount is at least 20% of the total cost of the real estate.