What documents are needed to apply for a mortgage at VTB: lending conditions, requirements for the borrower

Having your own home means not depending on anyone. Each family needs its own apartments. Many children are growing up, and renting a home is simply unreasonable. And where is the guarantee that you won’t be evicted from your rented home in a week? But buying an apartment for cash is almost impossible, because housing prices are very high. In this case, you can simply take out a real estate loan. Mortgages are now becoming more and more popular. VTB 24 offers favorable conditions for obtaining real estate on credit in Moscow and the regions. But many are concerned about the question of what documents are needed for an apartment for a mortgage at VTB 24. Loan conditions, interest rates and documentation package depend on the chosen banking program. The organization offers several mortgage programs. On the official website you can leave a request for a consultation with a manager and learn in more detail about what documents are needed for a mortgage.

Requirements for borrowers and documents

The advantages of VTB Bank are that it specifies few requirements for the borrower. On its official website, only two criteria are indicated: the presence of registration in the Russian Federation and permanent work. The bank does not set any age limits; applications are accepted from all citizens. The borrower's citizenship is any.

What documents are needed to apply for a mortgage:

• passport of a citizen of the Russian Federation or a person of another state;
• SNILS or INN;
• certificate 2-NDFL or tax return for the last year;
• a copy of the work record book or an electronic extract from the Pension Fund of Russia;
• if we are talking about a foreigner, the grounds for stay.

When applying for a mortgage, VTB allows the involvement of a guarantor, whose documented income will be taken into account during the consideration. That is, the bank’s loyalty will increase and the possible amount of issue will increase. The guarantor must meet the requirements for the borrower and provide a similar package of documents.

If a mortgage is taken out during marriage, both spouses become co-borrowers. If the second party to the transaction has income, it must be documented, and it will be taken into account during the review.

What documents are needed for hired workers?

Having a permanent place of work and work experience, in addition to the above documents, an employee should not forget the following:

• A copy of the work book.
• Certificate in the form of a bank or personal income tax No. 2.

Important condition! It is necessary to have a note on the work book about the current place of work. If the client is a participant in the salary project, then he does not need to provide either a certificate of cash receipts or an employment document. VTB 24 already has this information in its program.

The military must be provided with a copy of the contract and an extract on the temporary terms of service.

VTB mortgage according to two documents

This is one of the few Russian banks that offers to obtain a mortgage without certificates. For this purpose, a special program “Victory over formalities” has been created. According to its terms, to obtain a housing loan, the borrower only needs to provide a passport and SNILS.

But you need to take into account that the program carries risks for the bank, so the conditions for issuing are somewhat more complicated. The down payment is at least 30%. Moreover, maternity capital in this case cannot be directed to PV. If used, it simply reduces the loan amount.

Without proof of income, VTB Bank issues mortgages under all standard housing programs. That is, you can purchase secondary or primary market real estate in a simplified manner, and arrange a mortgage refinancing.

It is important to understand that the absence of certificates does not mean that the borrower may not have income. The bank will still ask about income and its source, the information is simply not supported by documents. Employment is still required.

Additional papers

The organization has the right to require an additional package of documentation. These papers may affect the interest rate on the loan. That is, if the client is in no hurry and wants to get a mortgage on favorable terms, then you should pay close attention to collecting documentation. Such additional papers may include:

• Copy of education documents;
• Photocopies of other loan agreements;
• A certificate indicating the balance of debt on an already active loan;
• A photocopy of the certificate of title to the property;
• Statement from a deposit account or bank card.

By providing any of the additional documents, you can apply for a loan on very favorable terms at the Moscow Bank.

Buying secondary housing

You can purchase an apartment in any region, in any locality of the Russian Federation. The main thing is that the property meets the bank's requirements. They relate to the condition of the object, its legal purity, the year the house was built, etc.

In general, it is important for the bank that the facility is not in disrepair, has doors and windows, and all necessary communications. After preliminary approval, VTB will familiarize the borrower with the requirements and send them to search for a suitable property.

Tariffing of the program:

• loan amount within 600 thousand - 60 million rubles;
• base rate - 8.4%;
• for a down payment of more than 50%, the rate will be 7.7%;
• for filing an application online, VTB reduces the rate by 0.3%;
• if the down payment is less than 20%, the rate increases by 0.5%;
• The term of the contract is up to 30 years.

It is better to apply for a VTB mortgage online, as the rate for this is reduced. After receiving approval, the borrower selects housing and collects documents for it. Before concluding an agreement, the bank will check the legal cleanliness of the apartment.

Mortgage Process

Many potential VTB clients are interested in how a mortgage on real estate is issued under mortgage lending. The procedure for the entire procedure is described in the third chapter of Federal Law No. 102 “On Mortgage”.

The document in question is always personal and drawn up in the name of the person who is leaving the purchased home as collateral. The text of the document must contain information about the mortgagee (this is the creditor, in our case VTB Bank), the number of the concluded agreement and other basic information must be indicated.

It is worth keeping in mind that a single copy of the mortgage is drawn up, certified by signatures on both sides and the necessary seals. To avoid misunderstandings, before submitting the entire package of documents to the department where the mortgage loan will be registered, it is advisable to make a copy of the mortgage. It is not certified by the bank or by a notary and is only needed to check the quality of the duplicate in case of loss of the original.

A credit loan is issued for a certain period, which limits the period of validity of the security document. After fulfilling obligations to the bank (early execution of the mortgage agreement is implied), the client can contact Rosreestr to remove the encumbrance.

Briefly, the procedure for obtaining a mortgage at VTB can be described as follows:

• the client and the lender sign an agreement;
• the bank fills out its own mortgage form and checks all information;
• the occurrence of an encumbrance must be recorded in the territorial body of Rosreestr;
• After registration, the original document is sent to the bank for storage.

Work with documents is regulated by the bank itself; the client only needs to transfer the corresponding package of papers to the credit institution.

Buying a new building

In this case, you can buy an apartment or house only from a developer accredited by the bank. This means that VTB checked the construction company and the facility itself and found everything legal and reliable. Accreditation is a big plus for the buyer.

Since the bank is large, there are plenty of accredited facilities throughout Russia. On the VTB website you can find a list of suitable new buildings for each region. Or you can first choose a house, look at the list of banks that have accredited it, and if VTB is there, submit an application.

The loan parameters are exactly the same as in the case of obtaining a mortgage for the purchase of housing on the secondary market. But if you have time to take advantage of the state support program, which is valid until July 2020, the contract is concluded at a rate of 4.3%.

Documents for the apartment from the seller and buyer

These are papers that are directly related to the acquired real estate. In particular, you need to present the following package of documents for real estate:

• seller's certificate of ownership;
• grounds for acquiring property rights (such documents may include a real estate purchase and sale agreement, a gift agreement, a certificate of inheritance, etc.). These papers can be obtained from Rosreestr. To do this, it is enough to present the appropriate application and pay the state fee;
• A cadastral passport is a paper that reflects information about the property, including the inventory number, purpose of the premises, etc. It can also be obtained from Rosreestr by submitting an appropriate application;
• an extract from the house register, which reflects information about the persons registered in the apartment;
• a copy of the personal account, which contains information about the owners of this apartment and whether they have rent arrears;
• seller's passport;
• an assessment by an independent expert, which indicates the market and liquid value of the apartment being sold.

This is the main list of documents for an apartment mortgage that are required by this banking institution. But in some cases additional documents may be required. For example, if the owners of the apartment are minor children, then in this case you should contact the relevant guardianship and trusteeship authority to obtain permission to conclude the transaction. Without permission in the future, the legality and legality of the sale of the apartment can be appealed in court.

If the seller is married and the apartment was purchased during a joint life (i.e. it is an object of common property), then in this case the consent of the spouse is required to conclude the transaction. Without this paper, the legality of the concluded agreement can also be appealed in court.

A transaction concluded with a legal entity has some features. In particular, if a company or organization acts as the seller, then in this case it is necessary to have all the constituent documents, including the company’s charter. In addition, the required documentation also includes the decision of the authorized body of the enterprise on the sale of real estate and on concluding a transaction with a specific buyer.

How to get a mortgage at VTB

You can submit a request through the office, or you can do everything online. The second option is preferable, since for it the bank reduces the interest rate by 0.3%. On a mortgage scale, this is a significant discount.

How to get a mortgage from VTB Bank:

1. Fill out the online form, then wait for a call from a bank representative who will give advice and invite you to the mortgage center.
2. Before the meeting, you need to collect the required documents, which are ultimately submitted for review. The analysis lasts 1-5 days. When applying without certificates, the analysis takes no more than 24 hours.
3. Upon approval, the borrower is given time to select a property to purchase and collect documents for it. If we are talking about a new building, the developer-partner will help assemble the package. Plus, regardless of the program, an expert assessment of the object is always carried out.
4. The bank studies the documents for the object, analyzes the legal purity and makes a decision. Afterwards, the parties enter into a loan agreement.

Mortgage insurance is required and an insurance policy is purchased for the mortgaged property. The borrower must renew the insurance every year while the loan is in effect. Without this type of insurance, a mortgage will not be issued.

Additionally, VTB will offer to purchase comprehensive insurance, which includes borrower insurance and title insurance for the protection of property rights. The borrower can refuse these additional services, but then the bank will raise the rate by 1%.

During the registration process, the borrower will have access to his VTB personal account, where he will track the status of the application and then manage the mortgage and payments.

Registration and entry into ownership rights

A complete set of documents is sent to VTB 24 for review. Having received a positive answer, you can prepare for the last stage before the finish. An agreement is concluded on the issuance of a mortgage loan and an agreement on the purchase and sale of real estate secured by security. State registration will be required.

You need to write an application, attach a sales contract, and a receipt for payment of the duty.

The review will take 5 calendar days. If the government body satisfies everything, then the right of ownership will be issued to you. In case of errors or omissions, the application will be refused. After elimination, you can apply again to establish ownership.

Until the debt is repaid, the housing remains in the custody of VTB 24 Bank. It is not possible to freely own, give or dispose of it. All actions must be coordinated with VTB 24.

Special offers and government programs

VTB works with all state and regional subsidy programs. If any offer is relevant to you, you can implement it without any problems at this bank. It could be:

• use of maternity capital, and it can be used for a down payment of up to 100% of its amount;
• family mortgage under the state program for families who have had a third or subsequent child since the beginning of 2018;
• mortgages with state support for new buildings. But it ends on July 1, 2020;
• Far Eastern mortgage, the rates on which are only 1-2%;
• Rural mortgage for the purchase of any housing in rural areas on preferential terms. The rate is only 3%;
• military mortgage - a special offer for NIS participants.

If there are any special programs in your region, for example, for large families, doctors, teachers, you can exercise your right to a subsidy through VTB.

VTB is an honest bank with good mortgage programs. Read reviews about his mortgage, study programs and rate grids. Loan applications are accepted around the clock.

List of documents for private entrepreneurs

Businessmen are ordinary people, and sometimes they need to get a mortgage. More often this applies to individual entrepreneurs.

In addition to the standard list, they will need to prepare:

1. Certificate from the register of shareholders or from the UGRLE. This certificate is valid only for 45 days from the date of issue.
2. Current account statement showing monthly cash flow. Data for the last six months is required.
3. For existing accounts in other financial institutions, a statement is required indicating that no previous loan has been issued to you.
4. A certificate from the tax office about your business activities (or an accounting journal).
5. If you are engaged in licensed activities, attach a copy of the license to the general package of papers.
6. You will also need to include information about existing loans, creditors and debtors.

All the necessary information about mortgage programs

The bank's conditions are extremely simple for anyone who wants to borrow a certain amount of money from VTB.

The bank provides several mortgage programs to individuals:

• Classic program. Purchasing living space (in a new building or a finished house). This VTB mortgage is issued under an agreement for purchased premises in the primary or secondary market. The maximum amount issued by the organization is 30 million rubles. But only on the condition that the borrower can pay such a large amount of money monthly.

When obtaining a mortgage to purchase real estate in a new building that was previously accredited, the procedure is simplified significantly. For accreditation, managers of selling companies invite the client to a transaction in order to sign an agreement and make a down payment. When purchasing a secondary home, registration takes a little longer. After all, for this you need to evaluate the property from a specialist and collect all the necessary documents about the owner’s rights to sell it.

• The higher the meters, the lower the rate. These VTB mortgage conditions have been created for borrowers purchasing real estate with an area of ​​65 m2 or more. For borrowers, the bank provides a tariff at a low rate, which ranges from 10% per year. In addition to the difference in tariffs and a down payment of 20%, the terms of the program are similar to the classic mortgage option.

About when it is still possible to reduce the VTB mortgage rate - in detail in another article.

• Mortgage with a minimum set of documents. This program allows you to draw up a loan agreement without any particular difficulties for the client. When submitting an application, the conditions for a VTB mortgage based on two documents (RF passport, SNILS) are quite flexible, because every adult citizen of the Russian Federation can fulfill them.

But this program has a drawback - a high initial payment of 40%, and you will also have to pay an additional 0.5% to the annual rate.

• Housing on bail. Applying for mortgage lending is easy, since VTB previously checked all the documents, having also assessed the property. Typically, this mortgage is popular with clients whose property is pledged for sale. Such housing is collateral for problem lenders whose borrowers did not have time to pay the monthly installment and became in arrears.

Recommended article: Rosselkhozbank mortgage for a young family

• Mortgage with state support from VTB for military personnel. Mortgage lending is provided for a period of up to 14 years. And in 2021 there was a reduction in rates at 10.9% per annum. Therefore, the design of the program has become extremely profitable and widespread among citizens of the Russian Federation.

• Mortgage refinancing program. Transferring a loan taken to another bank with the most suitable conditions for the client is a unique opportunity at VTB Bank. The annual rate starts from 10.7% for those who are participants in the salary project and for those who have taken out comprehensive insurance.

• Mortgage young family VTB. The terms of the VTB mortgage with maternity capital are used when applying for any mortgage program the client likes for the purchase of real estate. For a down payment, when repaying a new or existing loan, VTB allows the use of certificates.

What to do if lost

If you lose a single copy at the bank, you must order a duplicate of the document. The text of the new paper is drawn up by a bank employee; before signing, you just need to check the correctness of the information entered. To do this, it is advisable to make a copy of the original from the very beginning. It will contain the data of the government agency that registered the mortgage agreement and other documents for the first time. The duplicate should be submitted to this department.

The Rosreestr office must also have a copy of the security document. His employees also check the data, so ideally there should be no errors.

If the bank refuses to issue a duplicate, you should go to court, having first sent a pre-trial claim to the credit institution. The Registration Chamber will not remove the encumbrance, and the fact of fulfillment of mortgage obligations will be confirmed in court. The only negative is the time that will have to be spent on the proceedings.

Accelerated version

If there is little time when issuing a mortgage for an apartment, VTB offers the “Victory over formalities” program. The gist is this:

• the loan is issued after providing 2 documents;
• the decision is made within 24 hours after submitting the application;
• the borrower agrees to make an initial payment totaling 40% of the loan amount.

In fact, in addition to the passport and the second document (SNILS or driver’s license), additional documents will be needed:

• an extract or other certificate confirming that the client has funds for the down payment (40% of the expected loan amount);
• men under 27 years of age are similarly required to provide a military ID;
• documents indicating the marriage of the borrower or guarantor (plus documents of the spouse);
• borrower questionnaire;
• papers confirming the right of ownership of the alienated property.

The last point requires more detailed consideration; this will be discussed further.

Why does the bank need documents?

A mortgage is a very risky transaction, especially for the bank . He lends a sum of several million rubles to an unknown person who may not return it. As a result, the bank will lose its money, its profits, lost profits and unnecessary time to resolve a conflict situation or litigation.

That is why, in order to minimize all risks of non-repayment of the loan, the bank strictly verifies the identity of the borrower and stocks up with documentary evidence of the fact of the transaction.

Not only do banks put forward quite strict requirements for their potential borrowers, they also require them to provide a huge amount of documentation.

Documents must confirm three main categories of transaction:

• The identity of the borrower of the mortgage agreement;
• His solvency;
• The object of the mortgage transaction is documents for housing.

Using the documents provided, the bank conducts its verification of the mortgage transaction. To achieve this, each credit institution has a security service that excludes unreliable and dubious individuals as clients.

That is, a bank audit will be carried out not only on the basis of the papers that the client brings to the bank. The bank will make its own inquiries and searches for this or that information of interest to it.

Therefore, it will not be possible to deceive the bank by providing it with false data . The deception will be exposed, after which the chances of getting a mortgage approved will be zero.