Building your own private home requires significant financial investments. If you don't have enough cash, you may have to take advantage of bank mortgage lending offers.
Dear readers! The article talks about typical ways to resolve legal issues, but each case is individual. If you want to find out how to solve your particular problem , contact a consultant:
8 (800) 700 95 53
APPLICATIONS AND CALLS ARE ACCEPTED 24/7 and 7 days a week.
It's fast and FREE !
And one of these banks offering a loan to build a house is Rosselkhozbank.
Conditions
For the purpose of building a house, you can also take out a consumer loan - the main thing is that it is non-targeted.
But still, due to the specifics of the event, it is recommended to use mortgage lending, because it:
- provided for much longer periods;
- issued at a fairly favorable interest rate;
- involves the provision of significant amounts.
Rosselkhozbank has an offer - “Mortgage housing lending”, within the framework of which, among other things, you can take out borrowed funds:
- for the acquisition of a real estate property, the construction of which is not completed, with a plot of land, and the subsequent completion of construction work;
- for the construction of a house on a plot of land owned;
- for the construction of a house on a rented plot.
The conditions are as follows:
- currency – Russian rubles;
- minimum amount – 100,000 rubles;
- maximum loan size – 20,000,000 rubles;
- term – up to 30 years;
- down payment – from 15%;
- There is no commission fee for issuing a construction loan;
- security – pledge of a constructed/later completed property;
- co-borrowers - up to 3 individuals, including those who are not relatives of the borrower, the spouse is required to be a co-borrower;
- the application will be reviewed within 5 days;
- The bank’s decision to issue a loan is valid for 3 months;
- insurance: compulsory – in relation to real estate;
- optional – regarding the risks of the borrower passing away or losing his ability to work.
There are the following nuances when registering:
- the maximum amount of a housing loan, in addition to the financial capabilities of the borrower, is determined based on the estimated cost;
- the estimated cost is drawn up for all stages of construction;
- the borrower has the right to carry out construction both on its own and through the involvement of contractors.
More lively than all residential ones
Preferential rural mortgages have been issued since March. In three months, just under 8 thousand people managed to receive it. The volume of loans issued at a rate of up to 3% is about 16 billion rubles. This year, 1 billion rubles of government funds are allocated for the program. But given the extreme popularity of the program, the Ministry of Agriculture is considering increasing the amount for this year to 6.4 billion rubles. This will provide housing for almost 50 thousand families, who will be able to purchase about 4.25 million square meters. meters of housing, they say in the Ministry of Agriculture.
Rural mortgage is the cheapest way to buy suburban housing. According to CIAN, now mortgages for the purchase of a “fence” are issued at a rate of 8.05 to 15%. Not all banks work with suburban housing. At the same time, they issue loans for secondary housing, but there is no mortgage at all for individual construction of a country house. The pandemic is also spurring demand - realtors have recorded a sharp increase in demand for suburban housing since March.
Thus, CIAN notes an increase in demand for suburban housing, for example, in the Leningrad region in March - April by 35% compared to the same period last year. Knight Frank says there is a 27% increase in requests for the purchase of cottages.
In 2020, more than 80% (or 822.5 million rubles) of funds under the program were allocated to Rosselkhozbank, the bank says. In the near future this limit will be exhausted. Rosselkhozbank has already requested additional subsidies from the Ministry of Agriculture. At the beginning of June, the bank had issued almost 16 billion rubles in loans under the preferential rural mortgage program. The product was used by more than 7.9 thousand people from different regions.
Only a third of housing in Russian villages is equipped with all the benefits of communal civilization
At the end of last year, only 34.2% of living space in rural settlements was equipped with all the benefits of communal infrastructure at the same time (water supply, sewerage, heating), notes Renata Yanbykh, head of the department of agricultural policy at the Institute of Agrarian Research at the Higher School of Economics. She recalls that before the current state program, the state also supported rural mortgages as part of the subprogram for sustainable development of rural areas, and it was also very popular among the rural population. But now the terms of the program are especially favorable. And to the already existing demand from rural residents were added city dwellers who, amid the pandemic, flocked en masse to the villages, the expert explains.
“This program is good because it provides an opportunity to comprehensively solve the problems of the rural population. People can take out a mortgage to purchase a house and at the same time initiate some projects for autonomous gasification of a small village (with the purchase of a gas holder, a geoheating system). There were no such opportunities in previous state programs,” explains Renata Yanbykh.
In her opinion, it is especially important for residents of rural areas to get a cheap mortgage. According to the results of the latest monitoring of rural areas by the Ministry of Agriculture, the average disposable resources of a rural household are only twice the subsistence level. And the share of those villagers who, in their opinion, do not need anything, is only 2.4%. And the share of rural residents who have the opportunity to buy something other than food, clothing, and durable goods turned out to be small.
A subsidy of 1 billion rubles from the state is a very limited amount of support, agrees the head of the construction committee of Opora Russia, Dmitry Kotrovsky. According to him, in order to assess the dynamics of actual demand (by registering the transfer of rights), the program needs to increase the limit to at least 5-7 billion rubles. The expert is confident that the development of mortgage programs can be a driver for updating the housing stock in rural areas.
Under the terms of the state program, Russian citizens aged 21 to 64 can receive a preferential loan. Only two banks are participating in the program so far - Rosselkhozbank and Sberbank. Funds are issued for the purchase of finished housing in rural areas, a plot of land for building a house, an unfinished house, an apartment in a building under construction. Housing must be suitable for permanent residence, provided with engineering systems (electric lighting, water supply, drainage, heating, etc.), and the area must be no less than the established norm per family member. The down payment must be at least 10% (at Sberbank - at least 15%). The loan is issued at an interest rate of 0.1 to 3% per annum for a period of up to 25 years. All rural areas are participating, except Moscow, the Moscow region and St. Petersburg. The maximum loan amount is: for the Leningrad Region and the Far Eastern Federal District - 5 million rubles, for other regions - 3 million rubles.
Who can receive
Any citizen of the Russian Federation who has reached the age of 21 can receive it. In this case, it is necessary that the full repayment of obligations to the bank occurs before the borrower turns 65 years old.
It is also necessary that these conditions be met:
| citizenship | RF |
| registration | RF |
| experience | from 6 months at current job and from 1 year total |
If a client receives a salary on a Rosselkhozbank card, then other requirements for length of service apply:
| at the current location | from 3 months |
| total experience | from six months |
If a citizen runs a private household plot, then the following is required:
- carrying out relevant activities for at least 1 year before the date of submission of the loan application.
In addition, a construction loan can be obtained by:
- persons with maternity capital;
- young families.
For persons with maternal capital, preferential conditions will apply:
- down payment – from 10%;
- possibility of repaying the first installment using maternal capital.
If the borrower is a member of a young family (a family in which at least one member is not yet 35 years old), then:
- the first payment will be only 10%;
- It will be possible to take advantage of a deferment in payment of the principal debt (you will only need to pay interest): for the period of construction of a private house (deferment period - up to 3 years);
- at the birth of children before they reach 3 years of age.
How to apply for a mortgage with maternity capital in Rosselkhozbank is described in the article: mortgage with maternity capital in Rosselkhozbank. Military mortgages at Gazprombank are discussed on this page.
What documents will be required
To obtain a mortgage loan for the purchase of real estate and land from Rosselkhozbank, the borrower must provide a package of documents, which consists of the following:
- Civil passport and photocopies of all its pages.
- Work book/contract.
- 2-NDFL certificates, bank statements, tax returns (any document that confirms solvency).
- Applicant questionnaires.
All documents related to the loaned object are also provided. Borrowers with maternity capital need to provide a basic list of documents, a certificate for benefits and a certificate from the Russian Pension Fund.
The procedure for obtaining a mortgage for the construction of a residential building at Rosselkhozbank
Mortgage lending for the construction of a house at Rosselkhozbank can be provided if the client performs a number of actions:
- clarification of the parameters of the desired loan, familiarization with the requirements for the borrower and the list of necessary documentation;
- visit the nearest office or submit an electronic application;
- provision of a package of documents for the client;
- waiting for bank approval;
- collection and preparation of documentation for the property (estimate, cadastral passport for the land plot, building permit, etc.);
- conclusion of a mortgage agreement;
- construction of the facility;
- upon completion of construction, registration of ownership and provision of a certificate to the bank to reduce the interest rate by 0.5%.
How to calculate the mortgage amount using an online calculator
In order to estimate the solvency, it is enough to use an online calculator. It will help you find out the size of your monthly payments based on the term of the entire mortgage.
To fill out the column, the client must know how much he wants to spend on construction; loan terms; if available, indicate the down payment. You can change the duration of the mortgage and monitor the change in the amount after clicking the “calculate” button.
The online calculator has the option Type of payment: annuity and differentiated.
With the first type, the monthly payment amount remains unchanged throughout the entire loan period. In the second case, the payment will change. Towards the end of the mortgage period it decreases.
You can calculate a loan for building a house at Rosselkhozbank not only using an online calculator, but also directly with a bank employee. This way, you can get the most up-to-date information on mortgage interest rates.
Online mortgage calculator on the Rosselkhozbank website
Required documents
The following client documents are required:
- statement;
- general passport;
- military ID - for males who have not yet turned 27 years old;
- documents proving the existence of a family (marriage/divorce certificate);
- documents proving the presence of children (birth certificate);
- documentation confirming the implementation of labor activity (copy of the work book);
- documents confirming income (2-NDFL or according to the Rosselkhozbank form).
It is necessary to provide documentation on the property:
- certificate of state registration of property rights to the land plot on which construction will take place;
- document providing the basis for the emergence of ownership of a plot of land;
- extract from the Unified State Register in relation to a plot of land;
- cadastral passport;
- an estimate drawn up and certified by the contractor or the borrower himself;
- permission from the local administration for construction;
- contract (if construction is carried out by a contractor).
Requirements for the subject of the contract
Rosselkhozbank puts forward the following requirements for the subject of the agreement:
- compulsory property insurance against the risks of total loss or damage;
- requirement to compulsorily estimate expenses and provide relevant documents to the bank;
- the plot must be owned by the borrower or leased;
- in the case of a lease, its term must exceed the mortgage period;
- all documentation must undergo state registration with the relevant authorities;
- The subject of lending can be: either the construction of a house “from scratch” using loan funds;
- or the acquisition of an unfinished construction project together with a plot of land and completion of the corresponding construction work.
Rosselkhozbank is one of many organizations where you can get a housing loan not only for the purchase of an apartment, but also for the construction of a house on a rented or owned plot of land.
The loan is available to any individual who meets banking requirements and has an acceptable level of income to service the requested loan.
You can find the terms of a mortgage in VTB 24 in the article: VTB mortgage. Find out how much a mortgage on an apartment with a mortgage from Sberbank costs here.
What documents are needed for a mortgage at Sberbank, read this article.
How to get a mortgage?
Applying for a mortgage to build a house is not as complicated as many might imagine.
The easiest way out is to submit an application online, with which you can monitor the bank’s decision without leaving your home.
There are several steps in the standard process of concluding a contract:
- Collecting documents and submitting them to the bank branch.
- The bank reviews the client's application and makes a decision. This can take from 5 days to 1 month depending on the bank and its workload.
- If the answer is positive, you choose a program according to which you will draw up a mortgage agreement, and also provide documents related to the construction, if they were not submitted at the first stage.
- Signing the contract and state registration.
- Issuance of funds in hand.
