How to get a mortgage in Sberbank? A lot of articles have been written on this topic, but none of them contains complete information. Therefore, potential borrowers cannot soberly assess their ability to obtain a loan.
We decided to paint a step-by-step procedure for obtaining a mortgage loan. You will learn the conditions for lending and buying an apartment, what documents you need to submit to the bank, and what mortgage programs are available to citizens. So, how to get a mortgage on an apartment in Sberbank.
Why mortgage?
This term has already firmly entered our lexicon, but few know its true meaning. A mortgage is not a type of loan, but a pledge of real estate (available or purchased) to a bank. Therefore, having bought an apartment on a mortgage, you will not be able to sell it, donate it or bequeath it until you repay the loan. This is called unburdening.
There are situations when an apartment needs to be sold urgently before the encumbrance is removed. This can only be done with the consent of the bank, which is reluctant to proceed with the early termination of the contract. However, mortgage lending is practically the only way to purchase your own home. Here are the main benefits of a mortgage:
- This type of loan involves a long term. For example, in Sberbank, mortgages are issued for up to 30 years. The amount taken is evenly distributed over the entire payment period. Even with interest, the monthly payment will not make a hole in the family budget of the average Russian family. Please note that the longer the term, the lower the amount of the monthly payment;
- after the registration procedure, the borrower can immediately use the property. The fact that the apartment is pledged to the bank does not mean at all that the clerks can evict you from it at any time. This requires a strong reason and a court decision. Accordingly, this is possible only with regular violations of the obligations taken on the loan;
- Sberbank provides its clients with several mortgage lending programs designed for different segments of the population. Therefore, choosing the best option is not difficult;
- If you take out a mortgage, you can get a tax deduction. This is an additional financial injection into the family budget. The tax deduction is 13% of the property value. One-time payment.
Of course, mortgage lending involves a significant overpayment. But keep in mind that the price of square meters in the country also increases regularly, so it is almost impossible to accumulate the required amount on your own.
General terms
To get a mortgage from Sberbank, you need to meet certain criteria. Here is a list of requirements for the borrower:
- The age of the borrower must vary between 21-75 years. Most banks determine the upper age limit at the time of the last installment on the loan. Sberbank lends to borrowers aged 74.
- Citizenship - only the Russian Federation. Please note that citizenship must be documented. Temporary registration is not taken into account, only permanent registration.
- Criminal record. Of course, preference is given to non-conviction fellow citizens, but lending to persons with a removed or canceled conviction is allowed.
- Seniority. Total work experience over 12 months, of which at least 6 in one place. Please note that the experience for the last 5 years is taken into account. If you don't work for five years, you will probably get rejected. This requirement applies to co-borrowers and guarantors. The exception is borrowers who have a Sberbank salary card and regularly receive transfers to it.
- Co-borrowers. With low wages (this is the main criterion for calculating the maximum loan amount), it is allowed to attract co-borrowers. This may be close relatives in an amount not exceeding three people.
If you meet the specified criteria, you can contact the territorial branch of Sberbank for advice.
Where to start decorating?
The procedure for obtaining a mortgage loan begins with a preliminary consultation. To do this, you need to visit a branch of Sberbank and talk with a lending manager. Here you can find out how much the bank will approve based on your salary.
Typically, the amount of the monthly contribution does not exceed 40% of income. Specify the conditions for lending and buying real estate, and find out what documents you need to submit for consideration. In addition, a preliminary consultation will help determine the optimal loan term.
If you are too lazy to spend time visiting a bank, you can calculate the loan amount using a special calculator on the Sberbank website. Here you need to fill in the proposed fields, and the virtual machine will determine the amount of the loan and the amount of the monthly payment.
If you are determined to get a mortgage, take the contact number of the specialist who worked with you. Banks are interested in attracting new customers, so by calling a credit manager on the phone, you can count on the comprehensive assistance and support of a specialist.
Documentation
If, after preliminary agreement, you are satisfied with the conditions of the selected mortgage program, you can begin to collect documents.
Some certificates have a limited validity period, so we recommend that you first collect and send the main package of documents for consideration, and then bring the missing papers.
Required Package:
- identification. The passport of a citizen of Russia and any other document are taken into account. For example, a driver's license or proof of pension insurance;
- photocopy of work book. Must be certified by the HR manager of the enterprise or the head;
- income statement. It is filled in on the standard form 2-NDFL and certified by the chief accountant of the enterprise;
- certificate confirming an additional source of income;
- documents for collateral. If an apartment or cars are used as collateral for a loan, you will need to submit title documents;
- documents confirming solvency. Usually this is the borrower's own savings in the amount of the down payment. In Sberbank, the size of the down payment varies from 10 to 20%. These are the most favorable conditions in comparison with other banks;
- completed loan application.
For some mortgage programs, additional documents may be required. For instance:
- marriage certificate - for the purchase of housing under the "Young Family" program;
- an extract from the Pension Fund confirming the availability of maternity capital funds. Program conditions allow using ;
- certificate of the amount of the pension - when the program for pensioners is selected for the purchase of housing.
Please note that the package of documents is the same for the borrower, co-borrower and guarantor.
Consideration of the application and selection of an apartment
The paperwork process takes 5 to 10 business days. During this period, your documents are reviewed by the bank's security service. Therefore, we recommend that you provide only reliable information.
Bank employees can call the company and ask if you really work there and find out the actual amount of your salary. In addition, the borrower will be "punched" through a common database. This is an interbank structure, where malicious non-payers are displayed. If you are considered unreliable, then the loan will be denied without giving reasons. This information will be entered into the database of credit histories.
If no contradictions are found, the bank will give you the required amount. But you won’t get it in your hands, the funds will be placed in deposit storage, and the borrower is given 120 days to choose a suitable home for buying. If after the expiration of the specified period it is not possible to find a suitable apartment, the procedure for obtaining a mortgage is repeated.
Please note that Sberbank will not approve any housing. The apartment must meet certain conditions. Dilapidated and dilapidated housing, real estate objects intended for demolition, wooden buildings are not considered.
The procedure for obtaining a mortgage also implies the removal of an encumbrance, that is, the selected living space should not be pledged or be arrested by a court decision.
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