How to get approval for a mortgage loan from Sberbank

When approving a mortgage, the borrower's compliance with the bank's criteria plays not the main role. Properly selected real estate is of no small importance, and financial companies have no less requirements for it. Thus, banks try to provide themselves with guarantees in cases where the client refuses to pay the mortgage and the apartment becomes their property. The liquidity of real estate is important, that is, the ability to quickly sell it at market value. And the income received after its sale should cover the debts of the borrower.

Reasons why Sberbank imposes housing requirements

When a borrower faces financial difficulties and is unable to repay the mortgage loan, the bank is forced to sell the collateral property to solve the problem. Therefore, it should be liquid in the market even after several years.

A client wishing to obtain a mortgage is given only 3 months to find a suitable property. During this period, you need to have time to find an apartment (house) that fully meets the requirements of Sberbank. Otherwise, the application will be cancelled.

Liquidity

Liquidity is understood as an indicator of assets that characterizes the degree to which they can be quickly sold at a price close to the market price. The less time it takes, the higher the liquidity. At the same time, objects sold at a discount cannot be considered liquid.

A similar indicator for real estate is calculated by appraisers using special formulas.

The following factors are taken into account:

• intensity of opening and closing a transaction;
• associated costs;
• uncertainty regarding the possibility of selling the property at a price not lower than the market price;
• location of living space;
• local market development;
• technical condition of the asset.

Basic factors that increase the liquidity value of a real estate property:

1. Location: convenient transport links, close proximity to social institutions, developed infrastructure, calm crime situation, favorable environment.
2. Situation in the real estate market: demand exceeds supply, high sales activity, economy class is more in demand.
3. Additional factors: information about the investment object (the more there is, the faster the sale is completed), the cost of registering a contract, the season (in summer and winter, the demand for real estate falls).

The country in which the property is located is equally important. According to the international consulting company DTZ, the most liquid residential properties are in Finland, Sweden and the UK. But Denmark, Russia and Ukraine lag significantly behind in this regard.

Property valuation

An integral part of purchasing finished housing with a mortgage from Sberbank is the assessment of the property. The borrower orders this procedure independently for personal funds. This is a mandatory condition of Sberbank, since it must be sure that in the event of force majeure, the apartment will be sold at the stated price. This procedure is carried out by licensed companies accredited by Sberbank.

Specialists prepare a corresponding report with a detailed description of the potential collateral.

The document includes:

• photo of the residential premises with explanations from the appraiser;
• copies of applications;
• graphically displayed layout;
• collateral and market price of the object.

In conclusion, the appraiser makes a written conclusion about the condition of the asset being valued, as well as the reality of the established value.

Sequence of real estate assessment:

1. The borrower selects a company from the proposed list.
2. The specialist gives a preliminary consultation, then the parties agree on the timing and cost of the service.
3. The client pays the invoice and begins collecting documents that must be provided to the appraiser.
4. The specialist visits the object in question to perform his immediate duties (inspection, photography), then draws up a report within 1-5 weekdays.
5. The client receives a ready-made appraisal report.

This document is valid for 6 months from the date of preparation.

An appraisal of a residential property for a mortgage can be ordered directly from Sberbank. The service is provided through the DomClick portal. To get advice from a specific company, just enter the city in the search bar.

The program will automatically display the current list. Opposite each organization there is a “Get Consultation” button.

To order an assessment, please contact your manager. But then the company will be provided automatically, without the right of choice by the borrower. For such an option you will have to pay a certain amount, which varies depending on the region (the average price tag is 3000-5000 rubles).

Collection of documents

Once the loan has been pre-approved, the client has two months to collect all the necessary documentation regarding the property. When the documents are submitted and approved, he will become a participant in the mortgage program.

There is also a special program “Mortgage on two documents”, valid only for those clients who have Sberbank salary cards. In this case, you do not need to fill out a form, all you need is a passport and another document to confirm your identity (the client can choose it independently), and you can apply for a loan.

How does the bank verify housing?

Before issuing a loan, the bank checks not only the applicant himself, but also the selected object (whether the apartment is suitable for a mortgage as collateral). Conclusions are drawn based on the appraiser's report. Even if one requirement is not met, Sberbank has the right to reject the proposed property.

Documents required to confirm housing information

To make it easier for the borrower to navigate the list of necessary documents for obtaining a mortgage, they are divided into groups.

Confirming the security of the transaction:

• title certificate;
• approval of the guardianship authorities (if one of the owners is a minor);
• purchase and sale agreement, gift, certificate of inheritance or other (on the basis of which the rights to the apartment/house were obtained);
• certificate of the number of registered citizens;
• extract from Rosreestr;
• a photocopy of the receipt for utility bills (indicates the absence of debts);
• consent of the seller’s husband (wife) to the transaction.

Containing information about the immovable object:

• appraisal report from the BTI with a building plan;
• cadastral passport;
• registration certificate for an apartment (house);
• a report from an appraisal company indicating the real value of the property.

Personal:

• passports of all participants (borrower, co-borrower);
• birth certificate (if the seller is under 18 years of age);
• marriage certificate;
• TIN;
• SNILS;
• confirming income (copy of work book, certificate 2-NDFL).

Specific bank requirements for real estate for mortgage

Conditions may vary for each program. Sberbank's mortgage requirements for real estate can be viewed on the DomClick website.

Sequencing:

1. Click on the “Buy” item in the top menu on the main page.

2. Then open the “Apartment” or “House” section.

3. Click again on “Mortgage” in the top menu.

4. In the tabs that open, select “Documents for real estate approval.”

5. In the window that opens, there will be a list of requirements for the object on the right.
   Read also:  3. Accelerated state registration of rights to real estate

Age

The age requirements for a home for a mortgage will vary depending on the region where the property you are looking for is located. In the provinces, buildings built in 1955 are suitable, in Moscow and other large cities - from 1970.

Location

The location of the selected property is the second most important factor in assessing liquidity. For example, if housing is located in a bad area with poor infrastructure, then it will be difficult to sell it in the future. Apartments located in the city center or close to it are valued.

The main thing is that the building is not planned for demolition. This issue is managed by the administration of the constituent entities of the Russian Federation and municipalities, as well as housing committees. You can find out all the information on the selected building there.

Wear

According to Russian legislation, the wear and tear of a residential building should not exceed 70% of the total service life. Residents of Moscow and St. Petersburg can clarify this point through special online services:

• “Where is this house”;
• "Houses of Moscow".

Other citizens should contact Rosreestr or the Bureau of Technical Inventory (BTI) on this issue. In the first case, it will be easier to make a request from the official website (the service costs 150 rubles). The response in the form of an electronic registration certificate is sent by e-mail.

In the second case, you will need to visit the institution yourself with a passport. However, you will have to wait about a month for the requested document to be ready. Its cost is approximately 900 rubles.

Equipment

Bank requirements for the internal equipment of collateral real estate:

• suitable for living in accordance with sanitary and technical standards;
• has all the necessary communications (cold and hot water, bathroom, kitchen ventilation, central heating, gas/electric stove);
• It is necessary to have interior and entrance doors, flooring and ceilings.

Material

The bank will not approve a dilapidated wooden house that poses a threat to the health of the people living in it. It is unacceptable for the foundation and/or roof to be made of flammable materials. So the “black list” of banks includes “Khrushchev” and “Stalin” ones.

Layout

There are no bank requirements as such for the planning of mortgage housing. The only thing is that you cannot change it arbitrarily, without agreement with the relevant government agencies. Any reconstruction must be registered with Rosreestr.

Interior decoration

The interior arrangement of a residential premises does not play any role when applying for a mortgage at Sberbank. The main thing is to record all the changes that were made during the repair.

How to apply for a mortgage at Sberbank and find out the decision?

Let's start from the very beginning, namely, with filing an application. You can do this in several ways:

• contact the nearest bank branch;
• submit an application through banking partners;
• fill out the fields of the online application on the official website of Sberbank.

After submitting the application and filling out the attached questionnaire, bank employees will analyze the data provided.

The processing time for an application is usually 2-3 business days, but for Sberbank clients (for example, holders of salary cards issued by this financial institution), this procedure can take only 1 day.

The bank will send the decision via SMS, or a specialist will call the specified phone number. The client can call the lender himself without waiting for a response from him. If the result is positive, the future borrower will be given a date and time for an appointment at the bank branch, and will also be given a list of documents that he must submit for consideration.

Which housing will definitely not be approved by Sberbank?

Residential properties that are not suitable as collateral for a mortgage loan:

• a separate room in a communal apartment;
• apartments in small-family houses;
• wooden residential buildings;
• living space with an unreasonably inflated price;
• buildings intended for demolition, reconstruction, or in which major repairs are planned;
• dilapidated "Khrushchev" buildings in buildings with less than 5 levels;
• dormitories and living rooms;
• apartments whose utility bills have not been paid for a long time.

Legal reasons for refusal

One of the bank's requirements for a mortgaged apartment is its legal audit. The procedure includes:

• assessment of the market value of a residential property from an independent expert selected by the bank;
• checking the legal purity of the upcoming transaction, which implies a search for possible applicants for living space (this includes minors, convicted or incompetent citizens discharged in violation of legal norms);
• comparison of the provided information about the object with the actual one.

The collateral property must not be under arrest or encumbrance, and must not be rented out.

You can order a legal review on the DomClick website. You need to go to the “.

Seller's machinations

According to the legislation of the Russian Federation, an amount exceeding 1 million rubles. from the sale of real estate owned for less than 5 years is subject to a tax of 13%. To avoid paying or reduce it, many sellers try to persuade buyers to agree to lower the price in the sales contract. This is possible if the buyer pays the amount undisclosed in the document in cash. Therefore, the bank gives preference to owners who have owned housing for more than five years.

The opposite situation also happens, when the selling party deliberately inflates the price tag for an apartment (house). Until the cost is reduced to the level determined during an independent assessment, the bank will not give consent to the transaction.

Illegal redevelopment

If the owner remodeled the apartment during the renovation, it must be previously approved by the district architecture department and recorded in Rosreestr. If any alterations are not officially formalized, the mortgage transaction with the bank may not take place.

You can coordinate the redevelopment of the apartment on the State Services portal. To do this, open the “Services” section and find the corresponding item.

For unapproved alteration of an apartment, a fine of 300 to 2,500 rubles is provided.

Military Mortgage Requirements

Borrowers who take out a housing loan from Sberbank under the Military Mortgage program can purchase:

• cottages;
• private residential buildings with land plot;
• townhouses;
• communal apartments from one owner.

According to the amendments made to the Federal Law of August 20, 2004 No. 117-FZ “On the savings and mortgage system of housing for military personnel,” targeted funds can be used by military personnel to purchase a finished residential building with a plot.

Home mortgage requirements for military personnel:

• the facility has access roads;
• located in the residential sector, and not separately;
• suitable for living all year round;
• connected to all main communications;
• is not under arrest or encumbrance.

Expert opinion
Irina Bogdanova

Expert in the field of mortgage lending.

The site on which the building stands must be intended for individual housing construction or agricultural work.

Social mortgage programs

Being a state bank, Sberbank implements social projects, for which it is more profitable to take out a mortgage than a regular one.

The main ones:

Mortgage for young families

Here it is allowed to use maternity capital as a down payment. You can also make a certificate for receiving capital a collateral object.

Up to six co-borrowers are allowed, whose income the bank will take into account when considering the application. A young family with a small child is given the right not to start paying off the loan until the child turns three years old. The minimum down payment is only 10% if there are children in the family. Finally, the rate is more profitable - from 10.75%.

The main advantage of the program is that 35% of the cost of housing will be paid by the state, and for each child in the family another 5% is added. To receive a loan under this program, you must be on a waiting list to improve your living conditions (that is, have conditions worse than 18 square meters per person or 48 square meters for a family with a child).

Mortgage for military personnel

The interest rate is from 9.5% - that is, it is significantly reduced compared to the standard one, in addition, documents are not required to confirm solvency, there is no need to take out insurance - in the absence of it, the rate will not be increased. The mortgage term is up to 20 years. Otherwise, the conditions are the same as for the standard program.

Property insurance when taking out a mortgage

Insurance of a property that remains as collateral with the bank is a mandatory condition when applying for a mortgage. The policy must be renewed every year (Article 31 of Federal Law No. 102 of July 16, 1998 “On Mortgages”). The costs of this item are borne by the borrower.

According to Sberbank requirements, when applying for a mortgage to purchase a house (apartment), the borrower cannot refuse collateral insurance. But life and health insurance is a personal matter for everyone.

Knowing all the nuances of selecting collateral, it will be easier for a potential borrower to find the best option. Thus, it will reduce the search time and speed up the process of obtaining a mortgage loan. You just need to first submit an application to Sberbank and get approval.