Is a mortgage given to one person without a family and how to get it in Yaroslavl?

Mortgage is one of the most complex loan products, as it is associated with the purchase of real estate and the preparation of a mortgage. The application process and the likelihood of issuance directly depend on the marital status of the borrower. And it’s more difficult for single citizens to get a loan.

If a mortgage loan is issued by a legally married family, then the transaction involves two borrowers - both spouses. This is a big plus for the bank, and there are several reasons for this:

the total income of the spouses is taken into account, that is, the total solvency of two borrowers is higher than when applying for a loan by one citizen. And this is one of the decisive factors when considering an application;
less risks. If one borrower becomes insolvent, even temporarily, the second co-borrower can assume the burden of payments;
there are several borrowers, so if something happens, claims can be brought against two citizens, the likelihood of collecting problem debt becomes higher;
According to statistics, family borrowers commit fewer violations and pay off loans better;
In the event of the death of one of the borrowers, the loan will be paid by the second. There are no problems with collection through heirs.

If a mortgage is taken out for one person, it is a riskier transaction for the lender, which entails a decrease in the likelihood of approval. Of course, this will not be a clear reason for refusal. If the applicant is objectively positive, he will be approved.

Why is it easier for a young family to get a mortgage?

The main reason is income level. Paying off your mortgage takes up a significant portion of your budget. For example, if we take a standard city, not the capital and St. Petersburg with their high prices, then with a loan amount of 2,000,000 rubles, an interest rate of 11% and a term of 15 years, you need to pay approximately 23,000 rubles monthly.

It is difficult for a single person to receive such a payment on his own; for this he must earn at least 45,000-50,000 rubles. If a married couple takes out a loan, then their combined income will be enough to apply.

Other reasons:

the possibility of using government subsidies, which reduces the debt burden on borrowers: maternity capital, subsidies under the program for young families;
A young and single woman may be denied a mortgage because she is likely to give birth to a child and become insolvent. In a family there is no such risk; the burden of payments will be fully borne by the second party to the transaction.

But in any case, if you think about whether it is possible to take out a mortgage while not married, this is not ruled out. Not a single bank sets restrictions and considers single citizens without any problems. If the application form shows that the applicant is able to pay the mortgage, he will receive approval.

Tax deduction when applying for a re-mortgage

Regardless of whether the first mortgage has been repaid and the second has been issued, or a citizen is paying off two housing loans at the same time, the right to property deduction is retained in any case.

Restrictions:

for objects purchased before 01/01/2014, a deduction is provided only for 1 object (to choose from) in the amount of up to 2 million rubles;
for real estate acquired after 01/01/2014, the deduction can be applied to several objects up to 2 million rubles in total;
a refund of the mortgage interest deduction is provided above the tax limit for only one property
at the taxpayer’s choice, regardless of the year the property was purchased;
The deduction amount does not include government or other subsidies, as well as maternity capital allocated to repay the loan.

In the case of a military mortgage or any other program to provide benefits for the purchase of housing, the tax deduction applies only to amounts paid from the borrower’s own funds.

When one person can get approval

Residential mortgages without guarantors and co-borrowers are offered by all banks, you can choose any one and submit an application to them. If the client is positive and creditworthy, he will receive a positive response. There are three factors that together will lead to the approval of a mortgage loan:

good solvency. This is an income sufficient to pay a mortgage, work with a “decent” employer, work experience at this place of work for at least 1 year;
positive credit history. It definitely has to be there. Before applying for a mortgage, you need to build a history, for example, take out a small trade loan and pay it off without any complaints;
Availability of a down payment. And the bigger it is, the better. Typically, banks ask you to contribute at least 10% of the apartment price with your own funds towards the purchase, but single citizens are better off saving 20% or more.

The ideal option for getting a mortgage for an apartment is to contact a bank that is a payroll bank. In this case, the probability of receiving a positive answer will be the highest. You can also count on a loyal attitude if you submit a request to the bank where you previously took out loans and successfully repaid them.

The Central Bank pays close attention to the level of creditworthiness of potential borrowers and does everything possible to prevent banks from issuing loans to citizens who may violate the payment procedure due to insufficient solvency. Try to select lending terms so that less than 50% of your net income is spent on paying off the mortgage. If there are other existing loans, include payments on them in this 50%.

Preferential loans for single mothers in Anapa

But if the question of whether a single man will be given a mortgage can still cause difficulties, then a woman raising a child without a husband has a much greater chance of getting a loan. Moreover, we may not be talking about standard loans, but about preferential loans, for which part of the costs is borne by the state.

To participate in this type of program, of course, you need to meet additional conditions, but the end result is definitely worth it: social mortgage loans allow you to count on:

reduced interest rate (for example, not 9, but 5% per annum);
direct repayment from budget funds of a significant share of the loan (sometimes a woman remains to pay no more than 40% of the cost of housing);
issuing a loan without a down payment, which under normal conditions banks try not to do;
recalculation of the monthly payment downward if the borrower’s official income does not allow her to fulfill standard lending conditions.

Thus, you found out whether a mortgage is given to one person without a family. Single applicants can calculate their chances of getting a loan to buy a home in Anapa by evaluating the real offers of banking institutions operating in the region, as well as using the online mortgage calculator available on our portal.

Requirements for the borrower

Each bank sets its own criteria. There is no single rule, but in general, lenders apply approximately identical criteria. Let's look at what is needed to get a mortgage for an apartment and the requirements for a single borrower:

reaching 21 years of age. And the older you are, the higher the likelihood of extradition. But at the same time, many banks indicate that the housing loan must be repaid before the client reaches retirement age;
having an official job. This is exactly the case, because a 2NFDL certificate and a copy of the work book certified by the employer are required;
length of service at the declared place of work - from 6 months, total - from 1 year;
positive credit history;
sufficient level of solvency.

The most important thing is the ratio of income and expenses. The bank will issue a mortgage only if the person pays it off. He should have enough money to make monthly payments, to pay off other loans, if any, and to pay for utilities. If the applicant has children, expenses for them are also taken into account.

Questions and answers

How many times in a lifetime can one person take out a mortgage for a home?

An unlimited number of times when it comes to general mortgage lending conditions. Restrictions exist for special programs that provide state and regional subsidies.

Is it possible to take out a mortgage loan a second time if the first one is paid off?

It is possible if the borrower meets the bank's requirements, solvency conditions and has a high credit history rating.

Is it possible to get a mortgage a second time if the first one is not repaid?

It is possible if the income is sufficient to pay all loan obligations.

Will they give me a second mortgage if I have a first one from Sberbank?

Yes, if the bank approves the candidacy of the borrower and the collateral.

How much can you get on a first or second mortgage?

In accordance with the methodology for calculating the client's solvency. The payment on the first home loan will be taken into account in full as an existing liability. To increase the total family income, you can attract co-borrowers who meet the bank's requirements.

How many times can I participate in the “Young Family – Affordable Housing” mortgage program?

Once. Benefits and subsidies are designed for those who do not own any property. This condition applies to all family members participating in the program.

How many times can young professionals get a housing loan?

Once. Support is provided at the regional level or at the initiative of the employer for graduates of educational institutions who have received a specialty in certain fields.

How many times can I use a mortgage with government support?

Unlimited number of times. The program is designed to support developers and attract investment from the population to ensure construction.

How many times is a military mortgage granted?

An unlimited number of times under certain conditions: the service life is at least 3 years, at the time of repayment of the loan, the age cannot exceed 45 years, when re-mortgaging, the encumbrance on the previous home must be removed.

Can I get a tax refund on my second mortgage?

Yes, if the taxpayer has not exhausted the deduction limit (2 million rubles) and the housing was purchased after January 1, 2014.

When will a single person be denied a mortgage?

There are situations when a single applicant will definitely be denied a housing loan:

negative credit history or lack thereof;
low income;
Frequent job changes, low work experience. Banks generally do not like borrowers who often change one place to another; there is a high risk of falling into a debt trap;
if the applicant is a young man under 27 years of age who has not served in the army. There is a risk of conscription. Exceptions - documentary evidence that conscription is impossible;
if a woman is on maternity leave. Sometimes young applicants who do not have children are also refused. Obviously, over the long term of the loan, she will give birth to one or more children, and her financial situation will worsen.

In general, it is easier to get a mortgage for a single applicant who is over 30-40 years old. At this age, the situation is more stable, financial literacy is at a normal level. Banks are more loyal to such applicants.

How to increase your chances of getting a mortgage approved?

Experts in the field of consumer lending claim that it is always possible to increase your chances of getting a mortgage application approved if you listen to the following recommendations:

if there is no credit history, you should take care of filling it out, but if it is not too flawless, then it is necessary to eliminate unpleasant moments and close all current debt obligations;
you need to collect as many documents as possible to prove your financial well-being;
It may be necessary to confirm the existence of collateral, the sale of which will be sufficient to cover debts to the bank in the event of financial difficulties;
it is worth providing yourself with financially reliable guarantors and co-borrowers - the more of them, the better;
you can submit applications not to one, but to several companies at once - it is possible that somewhere the borrower’s arguments will seem more convincing, and the bank will meet them halfway.

Expert opinion

Evgeniy Belyaev

Legal consultant, financial expert

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Advice! If you need to apply for two mortgages at the same time, the chances of success increase when you submit applications to several banks at once. In this case, the probability of approval of two applications is very high.

Tips for single applicants

If you are thinking about how to get a home mortgage or planning to get one outside of marriage, then prepare to submit your application in advance. If you are saving money for a down payment, place it in a deposit account at the bank where you plan to take out a loan. This will be a plus when considering.

Apply when all other loans and other debt obligations have been closed. So the level of creditworthiness will be higher. Don’t forget that banks look not only at credit histories, but also check the bailiff database. There should be no debt for fines, taxes, alimony, etc.

If necessary, invite a guarantor who will become an additional guarantee for the bank to return funds; the bank will be more loyal. But keep in mind that the guarantor’s income is not taken into account when considering.

If you want to take out a mortgage for one of the spouses while you are married, then this is impossible. By law, all property and debts acquired during marriage are joint, therefore both spouses must apply for a loan.

Under what special programs can I take out a housing loan again?

Some government mortgage lending programs allow the simultaneous issuance of two mortgages or re-lending on preferential terms:

Mortgage with government support. The program applies to housing under construction and includes the possibility of obtaining a loan at a reduced rate. The goal is to support developers and attract investment from the population thanks to reduced interest rates. The number of loans issued per borrower is not limited.
Military mortgage []. Military personnel can re-submit a report to receive a preferential housing loan, paid for through government support, under the following conditions:

an application is submitted to expand existing housing;
the report is submitted by the spouse of a serviceman who has a mortgage, which also participates in the military savings-mortgage system;
mortgaged housing is sold due to the transfer of a serviceman to another area.

Second mortgage under an insurance agreement

A second mortgage is usually issued under an insurance contract. Nothing is issued separately. The clause is included in the mortgage agreement. The presence of insurance has a positive effect on the interest rate. Without it, the interest rate may be prohibitive for the borrower. This applies not only to the apartment, but also to the room.