Not every family can solve the housing problem on their own. It is no coincidence that such a banking service as lending does not lose its popularity. Documents for obtaining a mortgage for an individual require the closest attention of those who want to get their application approved. Their number is quite impressive, which is easily explained by the bank’s desire to maximally insure its risks when issuing such a large and long-term loan.
What documents are needed to get a mortgage in 2021?
When setting requirements regarding what documents are needed for a mortgage, the bank is guided by the following motives:
- the desire to obtain confirmation of the client’s solvency and the stability of his financial position in order to verify his ability to fulfill his obligations;
- assess whether the property selected for acquisition, which also serves as collateral, satisfies the bank’s requirements.
In this regard, the list of documents for all banks is extremely similar. Obviously there are differences. However, even if you have not yet decided which credit institution to contact, you can start by collecting standard documents that will be needed in any case. For many organizations, it is enough to provide only a passport. However, mortgage documents to private lenders may also include:
- SNILS or INN;
- certified copies of the work book;
- confirmation of income level - certificate in bank form, 2-NDFL;
- marriage certificates (for married couples) and birth certificates of children (when using maternity capital funds).
For employees receiving payment as part of a payroll project, proof of income is generally not required. For individual entrepreneurs there is a separate requirement: you need to submit 3-NDFL.
If we talk about personal documents of a potential bank client, these include the following:
- passport or other identity document;
- a second document to choose from the proposed list (most often a driver’s license is used in this role);
- military ID is mandatory for men under 27 years of age;
- for spouses - a marriage certificate and a marriage contract, if available;
- if there are children, a birth certificate for each of them;
- certificates of state pension insurance;
- for participants of special programs aimed at workers in certain fields of activity - documents confirming the availability of appropriate education.
Technical passport and technical plan - what is the difference
Owners often carry out reconstruction of real estate - redevelopment of premises, major repairs with replacement of building materials, changing the number of storeys of a residential building. Such work must be accompanied by obtaining permits from specialized organizations to carry out construction work and require the preparation of design estimates, an important part of which is the technical plan of the facility (requirements for the technical plan -).
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It is performed by licensed design organizations; a plan is prepared based on the technical passport. After completing the reconstruction of the facility and putting it into operation, the owner orders a new registration certificate for the house or apartment. This is justified. In the case of mortgaging a reconstructed property, it is advisable to have a current technical passport for the bank's mortgage.
For a young family
Programs for young families should not be confused with government subsidies. This mortgage offers a loyal interest rate and a long period of full repayment. Typically the following documents are required:
- passports of both spouses;
- marriage certificate;
- children's birth certificates.
The bank may require proof of income and official employment. You will need 2-NDFL, a bank account statement or a certificate similar to a financial institution.
Regulatory regulation
When buying a home with a mortgage, sometimes banks do not check whether the buyer has funds for the down payment. In some cases, you will have to provide documents necessary to confirm solvency.
The legislation provides for the bank’s ability to both verify the availability of the required amount and take the client “at his word.” In any case, the procedure for transferring money from the buyer to the seller must be documented.
Commonly accepted down payment amounts for a mortgage
Additional information that may be needed when applying for a mortgage
It should be borne in mind that sometimes the initially announced list of documents may not be enough. In the process of making a decision on a loan, the bank may need additional information. In this case, he will ask for the required information. For example, it may concern the financial situation, as a result of which it will be necessary to provide documentary evidence of the presence of real estate, expensive property, bank account statements, and so on.
The more documents confirming your income are provided to the bank, the higher the chances of receiving a mortgage loan.
Among the likely additional official mortgage documents, 2 documents are usually requested:
- SNILS;
- TIN;
- international passport;
- driver license;
- certificates confirming income.
Conditions for obtaining a mortgage
Citizens of Russia from 21 to 75 years old can take out a housing loan (this is how old the client can be at the time of full repayment). A prerequisite is solvency, confirmed by a certificate of income. In addition, there must be a good credit history - there are no parallel loans or long-term arrears.
An important condition for obtaining a mortgage is having a down payment for an apartment or house. This is another guarantee of the client's solvency. The minimum contribution is 15 percent of the cost. But most often there are payments of 20-25 percent. If you have the right to maternity capital, then the first payment can be covered with it.
Other conditions for obtaining a mortgage:
- the maximum period for which a loan can be issued is 30 years;
- interest rate – from 6 percent;
- the limit depends on the mortgage program, on the city in which the money is issued and on the client’s income.
Guarantee and additional collateral are usually not required.
Documents for registration
After signing the loan agreement, it is necessary to contact the justice system to register the mortgage. To do this you will need the following documents:
- Loan documentation;
- Passports;
- Contract basis;
- Grade;
- Those. Documentation;
- Grade;
- Mortgage;
- State duty;
- Marriage certificate (if available).
What is needed to register ownership and remove the burden
After the application is approved, the borrower should register ownership of the purchased property. Some banks offer to help with this procedure for a certain amount. If the buyer decides to do everything himself, he will have to collect:
- Statements from all parties to the transaction.
- Passports of all applicants.
- Mortgage agreement.
- Purchase and sale agreement using borrowed funds.
- Mortgage.
- Receipt for payment of state duty.
Until the borrower repays the debt to the bank, the apartment or house will have the status of collateral. Once the mortgage is closed, a note must be made in the registry. Some banking organizations do this automatically.
If you have to do everything yourself, you need to submit an application and documents to the MFC:
- applications from the borrower and the bank to remove the encumbrance;
- passports of all owners of a residential property;
- documentary bookmark;
- mortgage agreement.
Obtaining a mortgage is a time-consuming and troublesome process. At each stage you need to collect new documents. Banks are trying to help borrowers by offering electronic services and developing special Internet platforms. The borrower can view a detailed list of documents on the bank’s official website.
Military mortgage
For military personnel, banks offer loans on preferential terms. To participate in the program, the borrower must write a report. He is given a certificate, which he adds to the standard package of documents. The wife must give written permission to obtain a military mortgage.
Bank employees may request information about the availability of other real estate, cars, or land, or an education diploma. The military personnel must consent to the processing of their personal data.
Documents after application approval
To apply for a mortgage, the bank also requests information about the property being purchased. The bank gives 90-120 days for this. The list of documents depends on the type of residential property.
If the apartment is in a new building
In this option, the sale is handled by the developer. To purchase residential premises in a new house, the bank needs to show:
- documents confirming the grounds for the emergence of ownership rights to the apartment;
- a certificate confirming the ownership of the land plot;
- building permit;
- extract from the Unified State Register of Land Registers for the land plot;
- project declaration;
- agreement for shared participation in the construction of a house.
You will also need written permission from your spouse to register the bond. The document must be notarized.
If housing is on the secondary market
In this case, you will need an expanded list of documents. In order for the bank to approve a mortgage for the purchase of a secondary home, you must provide:
- seller's passport;
- certificates indicating ownership of real estate;
- residential purchase and sale agreement;
- extract from the Unified State Register of Real Estate;
- cadastral or technical passport of the apartment.
Additionally, an independent expert is hired to evaluate the property. The bank has a list of accredited organizations. You will also need written consent, certified by a notary, to conduct real estate transactions. If the family has children under 18 years of age, you must obtain the consent of social authorities to sell the home.
If for building a house
The bank is more interested in documents for the land plot on which the house will be built:
- certificate confirming land ownership;
- the basis for the emergence of such a right;
- extract from the Unified State Register of Real Estate;
- cadastral passport of the land plot.
It is also necessary to obtain permission to build a house. A contract is signed with the contractor for the construction of a residential property.
Possible problems
Possible problems include inaccuracies and inconsistencies in the preparation of documents, due to which the loan application may be delayed. For example, a bank may refuse to accept a home appraisal report.
- Some banks require the down payment procedure to be carried out only through their branches, without accepting information from an account opened in another bank.
- If the receipt for receipt of funds is completed incorrectly, the bank may re-request this document. The loan application process may take a long time.
To avoid such troubles, it is necessary to clarify all the nuances of the procedure for applying for a mortgage in the chosen bank.
The video below will explain why banks that have programs for providing mortgage loans with a zero down payment refuse to issue them:
Mortgage for pensioners
Previously, banks refused to apply for it to pensioners. But now many have reconsidered their policies. And now mortgages can be approved for elderly people. If a pensioner does not work, he will need:
- statement;
- A completed application form;
- pensioner's ID;
- certificate from the Pension Fund of the Russian Federation on the amount of pension.
If a pensioner’s pension is transferred to a creditor bank card, he does not need to bring a certificate from the Pension Fund of the Russian Federation. If the borrower works, then he needs to prepare a standard package of documents. To increase the chance of approval of the application, pensioners should provide certificates of additional sources of income and the availability of other real estate.
If, after all, finances do not allow for credit
This obstacle arises for young or single job seekers. What income do you need to get a mortgage? As already noted, there is no definite figure for sufficient earnings. Moreover, the indicator will differ depending on the region. Today, according to research, for Moscow the amount of income should be 107.0 thousand, for St. Petersburg - 86.0 thousand, in the regions - less.
If the borrower does not have the necessary finances, he is given the right to improve his creditworthiness with the bank by documenting additional sources of income:
- on social security;
- from part-time work;
- from renting out real estate;
- proceeds from the use of copyrights or other sources.
In addition, the solution in such a situation would be to take out a mortgage with a co-borrower. The applicant is given the opportunity to attract no more than 3 co-borrowers, whose income will be taken into account when calculating the minimum loan amount. The requirements for co-borrowers are similar to those for the main borrower.
To preliminarily assess your own solvency and determine what salary you need to receive in order to take out a mortgage, banks have posted mortgage calculators on their websites. Calculations can be carried out in two ways:
- the user deposits the amount of monthly income - at the output he receives the amount of the potential loan and the payment schedule;
- or enter information about the required loan amount, in response the calculator will show how much you need to receive to take out a mortgage.
Recommended article: Procedure for registering ownership of an apartment with a mortgage
Mortgage without documents
Some banks offer the opportunity to obtain a mortgage with just two documents. This can be a passport or any other document:
- Military man;
- SNILS;
- Driver's license;
- TIN;
- International passport.
This method is quite real and practical, but is associated with rather unpleasant features:
- interest rates on such a mortgage will probably be higher than with the classic version;
- down payment of 30% and above;
- limited number of banks.
VTB 24, Bank of Moscow, Uralsib, Sberbank, Transcapital and a number of other banks operate under this program.
