List of documents for obtaining a mortgage at Sberbank

Who is eligible for a rural mortgage?

Citizens of the Russian Federation living in the country have the right to apply for a state loan. The marital status, social status and current place of residence of the applicant for a “rural” state loan are not important.

The acceptable age of the borrower is 21-75 years. Those. if the person applying for a rural mortgage is, for example, 60 years old, the bank will be able to provide him with a government loan with a fifteen-year repayment period, no longer.

Citizens have the right to apply for a real preferential mortgage once. Those. The borrower and his co-borrowers are granted a loan under the Rural Mortgage state program only once.

The status of co-borrower for the borrower's spouse is mandatory (a possible exception is the presence of a marriage contract). The permissible number of co-borrowers, including those who are not relatives of the borrower, is up to 3 people.

Please note: if the borrower is overdue for payment on a rural mortgage for more than 90 days in six months, the preferential lending terms will be canceled and the bank will change the mortgage to standard terms (rate 11.5%).

What kind of housing is suitable for a rural mortgage?

It is allowed to spend a preferential mortgage on the purchase of one residential property (apartment, town house, residential building) with a land plot under the DKP or DDU, or a land plot for individual housing construction in rural areas where settlements (less than 30 thousand inhabitants) are included in the local " Comprehensive Development Program."

The exact list of villages included in the comprehensive development program for your region can be found out from the regional (regional) authorities.

Settlements of the Moscow region and intra-city municipalities of St. Petersburg do not participate in the “rural” state program.

Review of existing programs for taking out a mortgage

At the time of writing this text (August 2020), Sberbank has eight different housing lending programs. The table we compiled will help you compare them.

Important! The minimum loan amount for each program is 300 thousand rubles. The only exception is a non-targeted loan - it involves loans from 500 thousand rubles.

Amounts of preferential loans for rural mortgages

The range of credited funds can be from 0.1 to 3 million rubles. (5 million for the Leningrad region and the Far East).

Initial contribution 10% and above. If you refuse or are unable to provide proof of employment and income, an initial payment of 50% will be required.

It is not possible to use an approved rural mortgage government loan for a down payment. However, it is permissible to make a full or partial contribution using family subsidies (maternity capital).

Mortgages for rural settlements are offered at an annual rate of 2.7% (condition - life insurance), or at 3% (without life insurance).

Registration procedure

To obtain a mortgage loan, you must go through the appropriate registration procedure, which is carried out in two stages:

Stage 1:

• First of all, you need to choose a credit institution - the main parameter when choosing should be the convenience and affordability of payment for the borrower (terms, size of the monthly payment, no commission fee, etc.).
• Submit an application for consideration; for this there is no need to provide a complete package of documents.

If the decision of the credit institution was positive, you can proceed to the second stage:

Stage 2:

• It is necessary to select a property; after the bank approves the selected property, the borrower must collect the necessary documents. It is worth noting that the decision to issue a loan will be valid for only two months. After this period, the applicant will have to collect all documents again;
• Submit all required papers to the banking institution;
• Sign a mortgage agreement;
• Pay the initial contribution (if the family is the holder of a certificate for receiving maternity capital, then it can be used as an initial payment on completely legal grounds);
• Issuance of a loan (the loan is received by bank transfer with the seller of the property; cash is not issued to the applicant).

Most often, credit institutions are partners of developer organizations and select the property themselves, which is more convenient and faster.

Documents for obtaining a rural mortgage

The set of documents submitted to the bank by the applicant for a preferential loan, in addition to the application (application formats vary from bank to bank), includes:

• Civil passport
  of the Russian Federation (2 copies). Show the original in the credit department, attach copies to the application. Registration in the passport is required (or a temporary registration document);
• military ID
  (2 copies).
  Required for male applicants under 27 years of age. For those who have not served in the army, a registration certificate is required ***
  ;
• confirmation of marital status
  (copies). Marriage certificate, children's birth certificates (if there are children);
• SNILS
  (copy). Original plastic card (issued before 2019) or paper form. If the original card is lost, a copy, photo or scan is sufficient. In the absence of SNILS, you will need to register it before contacting the bank (application to the Pension Fund of the Russian Federation will take 3 weeks).

***

Banks may also require the original and copies of a second identification document. This could be a driver's license, international passport, military personnel ID or federal government employee ID.

The application form must be filled out at the bank's credit department. In addition to the applicant for a “rural” state loan, the application must be completed by his co-borrowers (if any).

Documents confirming income

(in addition to the application form):

• certificate 2-NDFL
  .
  Issued by the employer at the request of the employee. An individual entrepreneur (individual), instead of a certificate of income, must provide the bank with a 3-NDFL declaration. The bank requires information about the applicant’s income for the past 12 months as of the date of application ***
  ;
• work book
  (copy or extract). It is also possible to provide a certificate from the employer, which reflects information about the applicant’s position and length of service (work experience).

***

If it is impossible to submit a 2-NDFL certificate, the citizen applying for a loan must prepare it in the form approved by this bank. Financial institutions have different requirements for the content of the certificate. For example, Sberbank will not accept a certificate prepared according to the Rosselkhozbank format.

Where to get a mortgage

As soon as you start looking for optimal mortgage loan conditions, carefully read the information about the bank or company where you want to take out a loan. You will get a complete picture if you research several sources: the bank’s website, reviews on the Internet, forums, recommendations of other people. Please note that obtaining a mortgage as described in advertising may differ significantly from reality, so carefully read the terms of the contract. Banks provide step-by-step instructions that will help you go through the entire step-by-step process of document preparation without any problems.

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Social mortgage

To improve the living conditions of Russians in the country, the state provides financial support. The federal, regional, and local budgets finance several mortgage programs that exist along with the classic one. A mortgage under a social program provides a chance to take out a housing loan for socially vulnerable categories of citizens:

• young military personnel;
• large families;
• state employees;
• combat veterans;
• young families and others.

Social lending programs are regulated by a specially created government agency AHML (Agency for Housing Mortgage Lending). The main target of such programs is the low- and middle-income social class, which is in serious need of improved housing conditions. The following points determine the social status of the loan:

• taking out a mortgage at a preferential rate;
• targeted one-time subsidies or social payments from the state budget;
• low cost of housing;
• small down payment;
• possibility of reducing the monthly payment.

Military mortgages can be taken out by military personnel for a period of no more than 25 years, and the borrower must not be 45 years old at the time of the last payment. The average rate on such a loan is 12.5% ​​per year, and the down payment for purchase is 10% of the cost of the home. Military personnel have the opportunity to take out a preferential consumer loan or use maternity capital to partially repay the debt. For approval of the application, the borrower’s length of service is important - at least a year, while in the last place the serviceman must work for at least 4 months.

AHML mortgage program

One of the tasks of AHML is to develop mortgage lending standards, which are often a single standard for all banks. The organization monitors the dissemination of these standards throughout Russia and monitors their implementation. When a borrower finds himself in a difficult financial situation, the AHML mortgage assistance program helps to cope with financial difficulties. Certain social categories can also count on government assistance for loan repayment (up to 20% of the remaining amount).

Mortgage in Sberbank

Sberbank offers some of the best conditions for purchasing real estate. Such a large organization offers a sufficient number of options with different conditions for the purchase of finished and under construction housing. You can take out a mortgage from Sberbank at the most attractive interest rate - 14.5%, which varies slightly in different programs. Loans are provided only in rubles for secondary or new housing. This bank makes great demands on borrowers, but if there is an opportunity to take out a loan from Sberbank, then this chance is worth taking advantage of.

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How to get a mortgage at VTB 24

VTB 24 offers to fill out an application for a loan directly from home. The financial institution’s website describes in detail all the programs from which a potential borrower can obtain the necessary information. Having decided on the program, the client submits an application via the Internet. The response to the request will be sent by email or bank employees will inform you about the decision by phone. All issues can be resolved through online support or at a bank branch. Taking out a mortgage for an apartment at VTB 24 is also profitable:

• 9 programs;
• low rates;
• loan repayment period up to 50 years;
• available down payment amount – 10%;
• accounting of all income (including close relatives);
• possibility of early payments under the loan agreement without penalty fees.

Mortgage in Rosselkhozbank

The terms of the Rosselkhozbank loan agreement are attractive to clients. When a potential borrower does not have the opportunity to save up funds for a down payment on their own, you can apply for not only a mortgage, but also take out a consumer loan. The latter is used to make the first payment for the purchased property. A mortgage without a down payment can also be obtained from Rosselkhozbank by attracting maternity capital.

How long does it take to check an application for a rural mortgage?

The longest verification period is 20 working days. The documents submitted by the state loan applicant are reviewed first by the bank service - the manager studies the credit history and calls the applicant’s employer.

The second set of documents is sent by the bank to the Ministry of Agriculture, where the potential borrower is also checked.

When a mortgage application is approved, its processing by the bank begins immediately. A positive decision on applying for a rural mortgage is valid for exactly 60 days (calendar).

What to do if the bank refuses a mortgage loan

The reason for the refusal will not be explained by the bank's credit service - this is the policy of financial institutions. They have about 20 parameters for assessing the solvency of borrowers and co-borrowers, which determine the decision on a mortgage application. The system itself for assessing potential borrowers is a banking trade secret and is not disclosed.

The refusal is always issued in writing, it indicates the period for an acceptable re-application for a loan (usually after 1.5-2 months). Note that most often the reason for refusal is an incomplete or incorrectly completed package of documents for a loan. To minimize the likelihood of refusal, contact the realtors of our association to prepare your application.

Important

: if the mortgage was approved, but you changed your job, or took out another loan (loans) or credit cards, then from the position of the mortgage bank your solvency will worsen. And then the bank will refuse the loan, although it had previously approved it. Note that the condition of maintaining solvency applies to both the borrower and co-borrowers.

conclusions

To obtain borrowed funds to purchase a home, not many documents are required for the client. Most often, these are standard papers that allow you to confirm your income and employment status. Sberbank also has a program that allows you to reduce the number of papers, and at the same time makes it possible for people who do not have an official income to get a mortgage. A mortgage under two documents can be issued on any of the secondary market objects.

Important! As for the list of securities for the purchased object, it remains unchanged for any credit program. Variations are only possible depending on the type of property purchased.

Choosing a property for a mortgage

Bank approval is not enough, since the loan is targeted and is given strictly for rural mortgages. This means that the borrower must choose housing in a rural agglomeration - rural settlements, workers' settlements, urban settlements or towns with a population of less than 30 thousand people (the latter must be included in the regional development program). The suitability of the locality for a rural mortgage must be clarified with the bank.

Let us remind you once again that the Moscow region and Moscow, as well as St. Petersburg, do not participate in rural state mortgages.

Important

: dilapidated housing, or with faulty communications or basic life support systems (sewage, water supply, heating, electricity, gas supply), the bank will refuse to lend. For more details on the “banking” criteria for a country house mortgage, see here.

Also, the state loan cannot be spent on real estate whose living space does not correspond (less) to the accounting standard per tenant. The minimum footage of residential “registration” in populated areas of the Russian Federation is different and is regulated by municipalities.

What documents on mortgage real estate does the bank need?

In order for a financial institution to agree to finance the purchase of a house (apartment) chosen by a previously approved borrower, the bank will need the following documents for a residential property:

• about ownership
  . If the property owner owned it before the summer of 2016, a copy of the certificate of ownership is required. If ownership arose later, an extract from the Unified State Register of Real Estate (from July 15, 2016, the issuance of real estate certificates was canceled in the Russian Federation). Remember that the validity of the ERGN statement is one month;
• on the basis for the emergence of the seller’s property rights
  . It is necessary to document the legality of the seller's ownership of real estate (i.e., based on construction, purchase, inheritance, rent or gift);
• about the results of housing assessment
  . An independent appraiser is hired to draw up a report on the property (the selection of the appraiser is agreed upon with the bank). Please note that the relevance of the appraisal report for a house or apartment does not exceed 6 months;
• about those registered
  in housing (house register - extract). Please note that the validity period of an extract for residential real estate (house, apartment) issued by the MFC is 30 days;
• on the consent of the seller’s spouse
  to sell the home. Consent is not required if the property was purchased before marriage, was inherited by one spouse or given to him, or belongs to only one spouse under a marriage contract;
• about cadastral information
  on real estate. This data is contained in the cadastral passport or technical plan of a residential property. An extract from the technical plan of the house with an explication and floor plan is accepted. If there is a land plot, its cadastral plan is required.

Also, if the mortgagor’s spouse is not indicated in the documents as the owner, notarized consent

to transfer the purchased mortgaged housing to a bank collateral, since the purchase of housing takes place during marriage (joint ownership).
Only if there is a marriage contract
with the spouse of the mortgagor, there is no need to notarize consent, as well as to receive it.

Documents for rural mortgages for shared construction

Lending by a bank for the construction of a real estate property (townhouse, apartment) under a DDU agreement is permitted upon the provision by the borrower of the following documents:

• confirming the right
  company to carry out construction.
  These are copies of the charter certified by the developer’s seal, certificates of OGRN, ERGUL and TIN, licenses and permits
  for construction work (the full documentary list is specified in the bank);
• confirming the right to lease or own
  the construction site. Such documents will be a certificate of land ownership, or a long-term lease agreement;
• EGRN-extract for a construction land plot
  (valid for a month);
• building permit
  for an apartment building (also townhouse);
• project declaration
  of a real estate object;
• draft participation agreement
  for credit transactions for a shared construction project. If the DDU contains the borrower’s obligation to transfer the amount credited by the bank to the developer to ensure the future conclusion of the main agreement, the bank will refuse the loan.

If the relationship with the spouse of the mortgagor is not formalized by a marriage contract - certified notarized consent of the spouse to transfer the property purchased with loan funds as a mortgage.

Loan for the construction of a residential building

Do you want to live in your dream home? Then build it on credit from Sberbank.

Real estate that is already owned by the client is accepted as collateral.

The minimum loan amount is 300 thousand rubles . Maximum – no more than 70% of the value of the collateral provided.

The interest rate for this program is slightly higher than for the previous ones - 14.5 - 15.25% per annum. For salary card holders, the rate is reduced by 0.5% .

The loan is issued in tranches as the intended use of borrowed funds is confirmed.

What documents will the bank require to build a house with a rural mortgage?

When providing a mortgage loan, the bank primarily strives to protect its funds. Therefore, the task of the bank’s credit department is to closely study the conditions for the construction of housing that the borrower intends to build.

Bank employees serving the approved borrower will state the need for the following documents for individual construction:

• certificate of state registration of the owner’s right
  to a plot of land for individual housing construction;
• documentary basis of ownership
  of land for individual housing construction (purchase, rent, donation, etc.);
• EGRN-extract for a land plot
  for residential development (valid for one month);
• cadastral passport of the plot of land
  where the house is being built;
• individual housing construction estimate
  prepared by the developer hired by the borrower (certified by the developer’s seal), or by the borrower himself;
• permission for
  housing construction from the local government on this land plot. If a rural mortgage is taken out for the purchase and construction of a residential cottage, but construction has not yet begun, then construction permission should be provided to the bank within 12 months from the issuance of the loan;
• contract
  for individual housing construction. Required if construction will be carried out by a contractor.

How to buy an apartment with a mortgage

When you can’t save up for a purchase on your own, taking out a mortgage loan would be a profitable solution. For a significant portion of citizens, this is the only way to find housing in the near future. This type of loan is available to many; you just need to meet a certain number of requirements set by banks. It is worth considering that with a high and stable income, it will be easier to take out a loan.

This type of loan is a complex transaction, so it is important to take into account all the nuances before purchasing a mortgaged home in order to avoid overpayments, significant amounts of insurance and other expenses. The registration procedure can take more than one week, and payments last for decades. Step-by-step instructions for applying for a mortgage are posted on the website of each bank that provides such a service, but the first step should be an adequate assessment of your capabilities. After this, you should find out how to get a mortgage and where to start applying.

Which mortgage to choose

Reasonable offers for mortgage lending do not come from every bank, so it is worth carefully studying the terms of the loan agreement in order to make the right choice of a mortgage program. Experts recommend focusing on reputable, large banks that have existed for a long time and successfully in the financial market. Also read the terms and conditions from the banks that issued your payroll or debit card. Here they will give their clients the most loyal offers and a simple algorithm for obtaining a loan.

Rural mortgage insurance conditions

The first document drawn up between the bank and the borrower before receiving loan funds for a rural mortgage will be an insurance agreement. Moreover, it is the format of mortgage insurance that determines the terms of the main mortgage agreement.

The borrower is obliged to insure the real estate that serves as mortgage collateral (Article 31 of Law No. 102-FZ “On Mortgage”). With regard to the other two types of insurance - the life of the borrower and the legal title - the bank itself will insist on their obligatory nature. The borrower has the right to refuse to insure life and title, but then the bank will agree to provide a loan only at a higher rate (about 7-9%).

The borrower must obtain title and life insurance from the financial institution with which the rural mortgage is being discussed - this condition is included in their mortgage agreement.
However, the recipient of the mortgage will be able to renew the insurance (take out a cheaper policy) from another insurer accredited by the bank after one year. To quickly and correctly prepare documents for a rural mortgage, to select country real estate that meets the bank’s requirements, to negotiate with the bank’s credit department and the seller of a house from a rural agglomeration, contact the specialists of our association. They will help you sort out the volume of mortgage issues and achieve transaction terms that are beneficial to you personally!

How does a mortgage apply?

Mortgage is preferential lending. The funds received can only be spent on the intended purchase – that is, the purchase of an apartment. Mortgage payments are an order of magnitude lower than for a regular consumer loan, although the loan amount can be impressive - up to several million rubles. There are two reasons for this:

• Reduced interest rate - about 12-15 percent versus the standard 25-33 per annum.
• Long loan term - up to 20-25 years versus the standard 3-5 years.

Thus, minimum mortgage payments make it possible for families even with relatively little income to purchase one.

Applying for a mortgage takes a long time, as many documents need to be prepared and approved. So, the borrower needs:

• Confirm your stable financial position.
• Find a suitable apartment whose owners are willing to wait until all the paperwork is completed.
• Submit documents for the apartment to the bank for approval, and so on.

In general, the mortgage process looks like this:

• Obtaining preliminary approval for a mortgage from a bank. This is necessary to have an idea of ​​how much loan you should expect.
• Searching for a suitable apartment and concluding a preliminary agreement with its owners. When drawing up an agreement, you need to keep in mind that it will take at least a month to check and approve all documents, so it is best to take two months in reserve before concluding the main transaction.
• Preparation and submission of documents for the apartment to the bank, waiting for the property to be checked by the security service. In addition to documents for the borrower, you will need to submit to the bank all the papers related to the apartment and the execution of the transaction: appraisal, insurance contract, cadastral passport, technical passport, and so on.
• Obtaining approval of the transaction from the bank.
• Signing the main purchase and sale agreement and registering the right to transfer property at Companies House. This takes 7-10 days; if you draw up documents through a multifunctional center, then it’s faster – 3-5 days.
• Receiving documents from the Registration Chamber and submitting them to the bank. Here you will need a copy of the certificate (or certificates) of registration of ownership, a copy of the contract, and a signed act of acceptance and transfer of the apartment.
• Signing a mortgage agreement, receiving money and then transferring it to real estate sellers. The most convenient way to transfer money is through a passbook with a written receipt of payment.

Both buyers and sellers will need to be patient when conducting a transaction involving the purchase of an apartment with a mortgage: there are many difficulties in the bank and in preparing documents, especially if the loan is issued with maternity capital as a down payment.