How to get a mortgage from Sberbank profitably

Is it possible to buy a room with a Sberbank mortgage?

Sberbank does not have a special program for purchasing a room using borrowed funds. For this purpose, clients can use the “Purchase of ready-made housing” product.

The main requirement of the bank for approval of a potential transaction is the liquidity indicator of the acquired object. The highest liquidity is typical for apartments located in prestigious areas of large cities of the Russian Federation. Lending for the purchase of any room is always an increased risk for the bank.

Sberbank willingly issues loans to buy out the last room in an apartment and to buy a room in a communal apartment. Clients planning to purchase a room in a dormitory have less chance of having their loan application approved. Here Sberbank will carefully study the object and analyze the feasibility of lending in general.

CONCLUSION: If the room meets the key requirements of Sberbank in terms of the presence of all necessary communications, location and absence of legal problems, then the borrower has every chance of buying such housing as property.

Is it possible to get a room with a mortgage from Sberbank?

Not all banks issue funds for a mortgage loan to purchase a room. Typically, such real estate does not have sufficient liquidity. As for whether it is possible to buy a room with a mortgage from Sberbank, the answer is yes, it is possible. However, in this case, you should not hope for preferential or loyal terms of the agreement.

Still, this event is risky for the bank. For this reason, the financial institution tries by all available means to minimize the likelihood of unnecessary expenses.

Room requirements

A room purchased with Sberbank loans must meet the following basic requirements:

1. The room must be allocated as a separate object and not be a share of the apartment, and it is also possible to buy out a share of the apartment, but only with the obligatory condition of pledging the entire apartment.
2. Availability of necessary communications (electricity, heating, cold/hot water supply and sewerage).
3. The presence of windows, doors and a bathroom (possibly shared).
4. An acceptable level of wear and tear of the building in which the residential property is located (usually no more than 50%).
5. No outside registered persons.
6. No utility bills.

Practice shows that Sberbank lends to the population primarily to purchase rooms in communal apartments and to buy out the last room in an apartment, provided that all remaining rooms belong to the potential borrower. There may be a requirement for a corridor layout.

It is quite difficult to purchase a dorm room (regardless of its type and wear and tear) using a mortgage, since the sale has a number of features.

Features of a mortgage

The loaned property must meet the following requirements:

• The room must have all the necessary communications (heating and electricity);
• The owner of the living space must not have debts for utilities and real estate taxes;
• The house in which the room is located should not be worn out by more than 50%.

The property being financed must be located in a building with a corridor layout system. A mortgage loan is issued in the following cases:

1. A person is going to purchase his own square meters in a communal apartment;
2. The bank's counterparty plans to take out a loan to purchase a room located in an apartment that is already owned by the borrower.

The second option for obtaining a loan involves pledging the entire apartment. The borrower will have to prepare documentation not only for the purchased premises, but also for the entire living space. If the room has several owners, then the future owner must obtain written permission from each owner of the premises. Living space in which unauthorized persons are registered cannot be the subject of collateral. The object serving as collateral for the loan must be in proper technical condition.

Mortgage conditions for a room in Sberbank

Since the property is not quite standard, the final lending conditions can be set individually for each client. In general, the parameters for obtaining a mortgage for a room will be as follows:

• the minimum loan size is at least 300 thousand rubles;
• share of the down payment – ​​at least 15%;
• term – 1-30 years.

After concluding a loan agreement, the purchased premises are pledged to Sberbank.

The maximum loan amount cannot exceed 85% of the assessed value of the collateral property.

A prerequisite for approval of the transaction is the conclusion by the client of a property insurance contract (against destruction and loss of real estate).

Mortgage loan terms

The minimum loan amount provided by Sberbank is 300,000 rubles. The maximum loan volume depends on the market value of the collateral (it cannot exceed 85% of the value of the collateral). A mortgage loan can be issued for a long term (up to 30 years). The down payment is 15% of the market price of the purchased room.

The construction project is necessarily insured against the risk of loss and physical damage. The counterparty can also insure against loss of employment and loss of ownership of the purchased housing. The loan for the purchase of a room is provided in the currency of the Russian Federation. Additional commissions are not charged when issuing funds. The loan rate starts from 8.6% per annum.

If the client refuses to buy a life and health insurance policy, the interest on the loan will be increased. The loan is repaid according to an annuity scheme (in equal parts). The loan program allows for early repayment of debt. Failure to repay the debt on time will result in the imposition of penalties on the borrower. The amount of the penalty is determined by the refinancing rate established by the Central Bank of the Russian Federation.

Large families can take advantage of budget benefits (maternity capital, reduced loan interest rates and subsidized debt payments). Citizens paying personal income tax to the budget can apply for a tax deduction. The maximum amount of refunded funds cannot exceed 260 thousand rubles. An application for a tax deduction can be signed annually.

Interest rate

The interest rate depends on a number of indicators, including the category of the borrower, the use of additional services and promotions. A summary table with basic loan rates for the “Purchase of Finished Housing” program at Sberbank is presented below.

As can be seen from the table, the promotion for young families offers preferential interest rates - from 8.5% per annum. For standard categories of clients, the mortgage interest range starts from 8.9% per year.

IMPORTANT! The presented data on interest rates for purchasing a room with a Sberbank mortgage are basic and apply to salary clients who have agreed to purchase comprehensive insurance, including, in addition to property, personal insurance.

Current interest rate additions include:

• +1 p.p. – if the client refuses to insure his health and life;
• + 0.2 p.p. – with PV less than 20%;
• + 0.3 p.p. – in case of refusal of the “Showcase” promotion;
• +0.5 p.p. – for borrowers who are not salary clients of Sberbank.

Requirements for the borrower

Sberbank imposes quite standard requirements and restrictions on those applying for a mortgage. These include:

1. Russian citizenship.
2. Age – from 21 to 70 years.
3. Full legal capacity.
4. Current length of service (at the last place of work) is at least six months (with a total length of service of at least one year over the last 5 years).
5. Having a stable and sufficient source of income.

In addition to official sources of income, Sberbank is ready to consider other options for receiving funds, but you must be prepared to provide documents confirming this fact.

If the documented income is insufficient to approve the loan application, the client has the right to attract co-borrowers, the total number of which should not exceed three people. Their income is necessarily taken into account when determining the maximum loan amount.

The procedure for obtaining a mortgage step by step

A standard mortgage for a room in Sberbank is issued by following the following sequence of steps:

1. Carefully study the terms of the loan and obtain competent advice if necessary.
2. Preparation of the necessary set of documentation.
3. Submitting a mortgage application (online or by visiting a mortgage center).
4. Selecting/searching for a property to purchase.
5. Real estate appraisal (issued in the form of a professional report from an accredited appraisal company).
6. Conclusion of an insurance contract (property or complex).
7. Signing loan documentation (loan agreement + payment schedule + mortgage agreement).
8. Payment of the down payment to the seller's bank account.
9. Registration of the transaction in Rosreestr (the system puts a mark on the encumbrance of the purchased living space and issues a new certificate of ownership).
10. Transfer of the remaining amount of money to the real estate seller.

This list of steps is provided subject to approval of the mortgage application by Sberbank and the selected living space for purchase.

The use of government subsidies or maternity capital will involve several additional stages, including interaction with the Pension Fund of the Russian Federation and authorized authorities.

Mortgage loan for a room

A mortgage for a room in SberBank allows you to get partial living space in a separate apartment, dormitory or private house. This type of subsidy has distinctive features that place it among separate financing programs.

Features of obtaining a loan for a room

When applying for a mortgage for a room, SberBank takes into account a number of factors. Thus, among other things, the condition of the area being purchased, the building as a whole, and even its geographical location are assessed. The purchased rooms are extremely rarely part of a new residential building, therefore, by subsidizing the purchase of secondary housing, the bank pursues a policy that both takes into account the client’s interests and protects his own. In relation to the borrower and the property, the lender’s attention should become more intense, which means that not all banks are ready to enter into such transactions.

Conditions for completing a transaction

Listed below are the main requirements that SberBank imposes on the lending object and the debtor.

Premises:

• cannot be located in a building erected before 1970;
• should not be an emergency;
• without wooden floors;
• equipped with communications:

Plumbing, sewerage, heating, electricity;

• have an area exceeding 12 square meters. meters.

Borrowers can be:

• able-bodied citizens of the Russian Federation;
• age: minimum 21 years, maximum 70 years;
• working for 2-3 years;
• having solvent guarantors.

By issuing a mortgage loan to purchase a room, the bank, in fact, becomes the owner, and if the terms of the agreement are violated by the borrower, it has the right to sell it.

By 2021, a situation has arisen in which, according to the programs of most banks, the acquisition of a goal representing a share of an apartment is not subject to subsidization. This is due to the difficulty of assessing the market value of a share as real estate, and the general instability of constructing this transaction. However, in “last room” situations, clients are credited according to the standard scheme.

Advantages of the Banki.ru portal

Our website allows you to quickly find information about banks and other financial companies. With it, you can explore many offers and choose the right one. The Banki.ru service makes it possible to fill out an online application and redirects to the resource of the selected organization, where step-by-step instructions for applying for a loan will be presented.

Documentation

Even at the stage of familiarization with the terms of issuing a mortgage, the client should collect the entire package of papers in advance. Let's take a closer look at what is included in the mandatory documentation.

For application

The list of required documentation for submitting a loan application includes:

1. Russian passport with registration.
2. A completed application form.
3. A document confirming the client's solvency.
4. Employment documents.

Additionally, it is possible to obtain a loan using two documents. In this case, a passport and any other document of the borrower’s choice (driver’s license, military ID, etc.) will be required.

The co-borrower collects exactly the same set of papers as the main borrower.