All the details of applying for a mortgage at Sberbank in 2021: stages, application approval deadlines, advantages and disadvantages

Getting approval for a mortgage from Sberbank, as well as from other banks, is not an easy task and requires the preparation of many documents, which takes time and effort. But the mortgage has finally been approved, all obstacles have been overcome, it would seem that the matter is over! But no, the design does not end there; rather, you find yourself in the middle. Because you will soon discover that yes, you have been approved for a mortgage at Sberbank, but it is not clear what to do next to get it. And then it turns out that there are still many stages ahead that need to be completed in order to get a long-awaited housing loan and move. This means, having gathered your strength, you need to take on overcoming them.

What stages of applying for a mortgage at Sberbank follow its approval?

Property search.
Her assessment.
Collection and preparation of documents.
Insurance.
Signing the contract.

And only after the agreement is signed by both parties and registered, we can say that the mortgage is fully formalized. Now all that remains is to carefully make all the required payments, little by little turning the apartment into yours completely. Let’s proceed to a detailed analysis of all the stages that will need to be addressed after the approval of the mortgage from Sberbank has been received.

Pros and cons of a mortgage at Sberbank

Obtaining a mortgage from Sberbank has both positive and negative sides:

pros

Minuses

Large selection of mortgage programs.
You can buy any type of real estate - from a private house to an apartment under construction.
Preferential conditions for individual citizens (receiving a salary or pension from Sberbank, participating in government programs).
Reduced interest rates on new buildings.
Promotions carried out periodically by bank accredited developers.
Possibility to obtain a mortgage for an apartment with or without making a minimum down payment (subject to the use of a maternity certificate or state subsidy).
A chance to defer the repayment of the principal debt.
Possibility to take out a loan without proof of income if you make a down payment of 50% of the total amount.
Security of the purchase and sale transaction

Strict requirements for borrowers.
A high percentage of mortgage loan refusals.
Lack of open information about all services provided (for example, promises of low interest rates hide additional costs included in the cost of the loan).
The time for consideration of the application and the registration process may last more than 5 days indicated on the website

As an alternative to Sber, you can consider the following options:

Bank	Loan amount, up to	Bid	Mortgage term
up to 30,000 rub.	from 9.8%	up to 30 years old	Go
up to 30,000 rub.	from 8.7%	up to 25 years	Go
up to 30,000 rub.	from 8.7%	up to 25 years	Go

Registration procedure

The procedure itself depends on what kind of housing the loan is issued for - primary or secondary. The primary one is much simpler. It is necessary to choose a developer from those who work under the bank’s affiliate program. After the application is approved, the property is registered as collateral, and then the loan funds are transferred.

If you want to get a mortgage loan, you should carefully study all the conditions and the procedure itself.

In the case of an apartment or house from the secondary market, the procedure is more complicated, since the client will have to provide an assessment and documents for the property for verification by specialists from the credit department.

Registration procedure

The step-by-step procedure looks like this:

get advice on housing programs from a bank or independently, choose the most suitable one for yourself;
submit an application at the bank or online, provide documents characterizing the borrower’s candidacy;
the institution analyzes the documents provided;
decision making (2-5 days);
start looking for housing for the amount announced in the bank;
collect documentation for the purchased housing (60 days are allocated for searching for housing and collecting documentation for it);
sign a preliminary purchase and sale agreement;
transfer an advance as a guarantee of an upcoming transaction;
the lender evaluates the documents for the property;
confirm the availability of own funds;
sign a loan agreement;
conduct a purchase and sale transaction;
issue a bond invoice and insurance policies;
register title documents and transfer them to the creditor;
transfer of funds to the seller.

Rules for filling out an application

In order for the design to be effective, several nuances should be taken into account. After approval of the application, the lender gives the client 60 days to search for an apartment and collect documents for it. If the transaction does not happen during this time, the collection of all documents will have to be repeated. Six months are provided for registering a transaction, and up to 3 months for reporting documents to a credit institution.

All stages and the transaction mechanism itself are strictly regulated by the bank’s instructions

When choosing an object, you must be guided by the bank’s requirements for the housing being financed (absence of illegal layouts, presence of all communications, non-emergency condition). All these requirements for a specific type of real estate can be found out when receiving a decision on issuing a loan.

The question is often asked: “Do I need to take out a mortgage when getting a mortgage from Sberbank?” This depends on the type of collateral, and the mandatory registration of a mortgage is stipulated when drawing up a mortgage agreement.

Stages of obtaining a mortgage at Sberbank

Step-by-step process for obtaining a mortgage at Sberbank:

Study the conditions for obtaining a mortgage from Sberbank, calculate the loan and decide on the size of the down payment. Be sure to also read about how you can get a mortgage without a down payment.
Submit an application form, which can be downloaded on the official Sber website or taken at any branch.
Wait for a response from the bank.
If approval is received, select housing and coordinate it with the lender. To evaluate the selected property, they resort to the services of their specialist or a company from the list offered by Sberbank.
Collect the necessary documents and provide them to the lender.
Decide with the insurance company to conclude an agreement.

You can apply for a mortgage at a Sberbank branch or send an online application.

After this, the client, together with the credit manager, begins to apply for a mortgage for the apartment at Sberbank. The applicant proceeds as follows:

Signs contracts: mortgage, purchase/sale, insurance.
Registers the transaction in Rossreestr and formalizes ownership of residential real estate.
Settles with all parties to the transaction: bank, seller, insurance company, notary, government agencies.

Expert opinion

Irina Bogdanova

Expert in the field of mortgage lending.

The procedure for obtaining a mortgage is regulated at the legislative level (Federal Law No. 102-FZ dated July 16, 1998).

Package of documents

The documentation submitted to the bank suggests virtually no differences depending on the chosen mortgage program.

The list of papers includes:

passport of the interested person, as well as co-borrowers, guarantor;
application form from the applicant and all other participants;
income certificate according to the employer’s form or standard 2 personal income tax;
a copy of the work book;
marriage certificate (if available);
certificates, certificates proving the right to benefits (if any).

You will also need to prepare documents for the property:

contract of sale;
equity participation agreement (when purchasing on the primary market);
certificate of ownership from the seller;
extract from the Unified State Register for the property;
conclusion on the assessment of the apartment;
cadastral passport.

Depending on the situation and the mortgage program, the loan officer may require additional documents confirming any facts.

Applying for a mortgage at Sberbank, as with any other financial institution, is a long and rather tedious process. The borrower should not limit itself to one option and consider all programs working towards issuing targeted loans. After the application is approved, the algorithm of actions is somewhat automated. You will need to select housing, prepare and sign papers. For greater confidence, you should rely on the advice of a credit specialist, and, if possible, involve a lawyer.

Deadlines for considering a mortgage application

The time spent at Sberbank to review a mortgage application ranges from 5 to 8 days. This does not include weekends and holidays. During this period, bank employees check the authenticity of the applicant’s documents, his solvency and credit history. The bank issues the decision in advance.

The deadline for considering a mortgage application at Sberbank may be extended for a number of reasons (for example, a potential borrower has provided inaccurate information). You can find out the status of your application in your “Personal Account” of the Sberbank-Online service by opening the “Loans” section.

The received mortgage approval from Sberbank is valid for up to 90 days. During this time, you need to have time to complete all the necessary steps to apply for a housing loan.

Reasons for the long processing of an application

The period for reviewing a mortgage application may be extended for several reasons:

the client provided incomplete information about himself;
there are errors in the documents;
bad credit history;
bank specialists conduct a second inspection due to doubts regarding the existing facts;
technical problems in the system;
outstanding loan debts were identified;
the potential borrower requests too large an amount for the maximum installment term of the mortgage from Sberbank.

Expert opinion

Irina Bogdanova

Expert in the field of mortgage lending.

The mortgage consultant has the right to refuse without explaining anything. But usually the person is explained the reasons for the rejection of the application and given the opportunity to correct the shortcomings.

How to speed up the review process

Typically, a mortgage application is processed within 5 days. There is no way to directly influence employees. The only thing you can do is to insure yourself in advance.

Indirect ways to speed up the procedure for the borrower:

Check your CI in advance through BKI. Then there will be an opportunity to correct it if necessary.
Close existing loans so that the credit burden is leveled.
Avoid making mistakes when filling out the form. Provide only reliable information about yourself, do not inflate your income level in order to get a larger loan.
Attach high-quality photocopies of documents to your application.

An application submitted online through your “Personal Account” will be considered faster. In addition, remote application saves time, since the borrower does not need to go to the branch and stand in line. It is enough to send scanned documents and attach them to the application form.

Then the mortgage approval period is reduced to 2 business days.

Stages of considering a mortgage loan and the time required for each stage

Mortgage approval takes on average from 2 to 15 days. To do this, the borrower must submit a request to the bank and document his solvency. Pre-approval of a mortgage can take just one day after submitting an electronic request - if the borrower already has a Sberbank salary card and deposits, the likelihood of approval increases significantly, and the review period is reduced. The bank already knows the client’s income level; the maximum available amount is determined based on this indicator.

The period during which a mortgage is considered is affected by the following conditions:

Client category. The easiest way to get a loan is for those who receive salaries through Sberbank, employees of large enterprises and government agencies. But it will be more difficult for employees of individual entrepreneurs and individual entrepreneurs themselves.
Availability of rights to participate in preferential programs and receive government subsidies. To confirm them, you will need to collect a large number of documents - as a result, the client waits longer for their verification.
Completeness of the information provided. For example, if you can take out a loan for a young family, you will need your spouse’s passport and a document confirming your marriage. The bank has the right to request other additional documents.

Let us consider in detail the stages of obtaining a decision and processing a housing loan. It is important to pay attention not only to the preparation of documents, but also to the requirements for an apartment or house for purchase with a mortgage.

Step 1: Applying for a Mortgage Loan

Obtaining a home loan begins with preparing a request. You can send it in two ways:

Submit an application at a bank branch. The advantage is the opportunity to talk with an employee and learn more about the offered loan programs and interest rates. The disadvantage is the need to go to the bank and wait in line.
Send a request on the website. Submitting an application online takes minimal time: you need to fill out a short form and provide contact information to receive a response.

What documents will be needed to complete the application?

When making a request, the borrower provides the necessary documents for mortgage approval. The standard package of documents includes the following papers:

Borrower's passport with a mark of permanent registration.
Certificate of income 2-NDFL. It reflects the size of the borrower’s official income for recent periods, as well as the full details of the employer. The certificate can be obtained from the accounting department; its processing usually takes 1-2 days.
A copy of the work book confirming official employment. The length of service at the last place of work must be at least three months, the total length of service must be at least six months. The work book must be kept in the employer's personnel department.

The collection of documents should begin several days before submitting the request in order to avoid unnecessary delays. As soon as you submit the documents, the bank begins an analysis of the client’s financial reliability. He can send a message indicating what other papers are needed to make a decision.

Stage 2: consideration of the application by Sberbank employees

Typically, the bank reviews a mortgage application within 2-5 business days, but sometimes you have to wait much longer for Sberbank’s response. The processing time for a mortgage loan application may increase due to several factors:

The need to verify the client's reliability. The bank will definitely make a request to the bureau to make sure that there are no unpaid or overdue debts.
Incomplete information. If additional information is required, the request will take longer to process.
Confirmation of additional income. The borrower may provide additional documents to increase the maximum limit and increase the likelihood of a positive response. Their verification delays the consideration of the request.

What to do after reviewing the application?

If the review of the mortgage application has been approved, the client will have to proceed to selecting a property and collecting additional documents to conclude a loan agreement.

Stage 3: home loan approval

The waiting time for loan approval at Sberbank can take up to 15 working days. This situation usually makes the borrower very nervous, especially if he has already chosen a home to purchase. Approval takes into account many factors: time is delayed if the bank requires additional checks and approvals to confirm the client’s reliability.

You can get approval if the payment on the requested loan is no more than a third of the borrower’s official earnings, and there are no other debts. Sberbank often approves a mortgage taking into account the total family income: in this case, the spouse becomes a co-borrower.

How to find out if a mortgage loan has been approved by Sberbank?

If the client has been approved for a mortgage at Sberbank, an SMS message will be sent to him, and you can also receive a notification in the Sberbank online mobile application. You can check approval at any time; a message arrives immediately after a decision is made.

Validity period of the received approval

An approved loan from Sberbank is valid for 3 months, that is, 90 calendar days. The duration of the loan approval means that during this period the client must have time to find a suitable property for purchase. If you fail to meet the deadline for mortgage approval, the application will have to be submitted again, and this will significantly delay the conclusion of the purchase and sale agreement. The validity period of approval begins to count from the moment a positive decision is made.

What should you do after your mortgage loan is approved?

If the bank has approved the mortgage, you can proceed to further actions. From the moment a positive response is received, the client should begin looking for an apartment or house to buy. You can do this yourself through ad services, or you can contact a real estate agency. If Sberbank has approved a small maximum amount, this makes the choice much more difficult.

Stage 4: selection of real estate

After the mortgage is approved, the real estate selection stage follows. Acting on your own is risky: the bank puts forward quite high requirements for the liquidity of the purchased real estate, so approval of the housing option will be required. If a borrower turns to realtors, specialists immediately select an object that is guaranteed to meet all the requirements.

Stage 5: home assessment

At the next stage, the borrower will have to confirm the value of the purchased property - for this, an assessment procedure is carried out. The bank provides contacts of accredited appraisal firms, the procedure is paid by the borrower. The appraiser conducts a detailed inspection of the property in agreement with the seller and draws up an assessment album that reflects all the main parameters of the property. This document indicates the exact market price, which determines the exact size of the loan provided.

Stage 6: collecting the necessary documents for housing

At the next stage, you need to obtain a set of documents for the property from the seller and conclude a preliminary purchase and sale agreement. The standard kit includes the following papers:

Extract from the house register and cadastral passport. If these documents are not available, the seller must obtain them from the BTI - this delays the execution of the contract.
Technical passport of real estate.
Certificate of ownership of the object.

Sometimes additional documents are requested. For example, a bank may request a certificate confirming that there are no tenants registered in the apartment and no utility debts.

Deadline for reviewing documents for a mortgage loan

Review of the full set of documents can take up to two weeks: the bank must make sure that the purchased object is indeed liquid. If there are any doubts about the legal purity of the property, the credit institution makes additional inquiries and demands to provide documents.

Stage 7: Property approval

Approval of a mortgage property at Sberbank is possible in the following cases:

The residential building is connected to centralized communications networks.
The object is not in disrepair and is not intended for demolition.
The purchased property does not require major repairs.

If the property meets all liquidity requirements, the bank will notify the borrower of approval, after which it will be possible to proceed to the next stage.

Stage 8: obtaining insurance

When receiving a mortgage, insurance must be taken out on the purchased property. It must be protected from fire, explosion, flooding, natural disasters and other threats that could lead to the destruction of the collateral. If an insured event occurs, the bank becomes the beneficiary: it receives the money, and the borrower is released from the loan.

The interest rate is reduced by 1% if the borrower additionally takes out life and health insurance. Although this service is not mandatory, it ultimately reduces the overpayment on the loan.

Stage 9: signing the loan agreement

The borrower comes to a Sberbank branch to sign a loan agreement. This document must be studied very carefully: it is important to understand all the conditions in detail and clarify unclear places in order to avoid complications in the future. A payment schedule is attached to the agreement: most often, the loan is repaid using an annuity scheme, that is, the borrower pays the same amount every month.

Stage 10: transaction registration

Once the contract is concluded, the transaction must be registered to transfer ownership to another person. To register ownership rights, you need to contact Rossreestr with a set of supporting documents; most often this procedure is carried out through the MFC. Electronic registration of a transaction is possible; to do this, you need to visit the Rosreestr website and send a request. With the electronic method, the process takes 4 days; when submitting documents through the MFC, it will take much longer.

Step 11: Making a Down Payment

The down payment on a mortgage at Sberbank is 10% of the value of the purchased property. The borrower transfers this amount to the seller’s account, and the confirming document is sent to the bank.

Stage 12: loan issuance

After making the down payment, the bank transfers the remaining amount to the seller's account. The transaction can only take place in a non-cash format. From the moment the funds are transferred to the seller, the borrower is obliged to repay the loan according to the planned schedule.

How a mortgage transaction is carried out specifically at Sberbank

The mortgage transaction at Sberbank is carried out in the personal presence of the borrower, even if the application is submitted remotely.

To obtain a mortgage for an apartment at Sberbank, you will need to go through several steps:

choose a program;
collect the necessary documents;
select an object to purchase;
submit an application;
wait for a decision from the bank.

Step 1: selecting a mortgage program

First of all, the client chooses a mortgage program. Focuses on the interest rate, loan term and amount requested.

When applying for a mortgage at Sberbank, certain categories of clients are provided with special lending conditions.

Beneficiaries are considered to be participants in the following programs:

“Military mortgage” - in this case, military personnel are subsidized by the state (it transfers money to a personal account to accumulate a down payment, and after the loan is issued, it repays the debt).
“Young family” – allows spouses under the age of 35 to receive a loan at a lower interest rate per annum.
“With maternity capital” - makes it possible to use maternity capital as an initial contribution or repayment of principal or interest (the program is available to families who had a second and subsequent child after 2007).

Clients who receive wages on a Sberbank card are offered a lower interest rate (the rate is reduced by 0.5%) when applying for a mortgage.

At the initial stage of registration, it is important to pay attention to the following points:

the amount of bank commission charged for opening and maintaining a bank account;
insurance cost;
the cost of preparing a real estate appraisal report;
the presence and amount of penalties for late payment.

Step 2: collecting documents for a mortgage

To approve a mortgage, you will need the following documents:

passports from the borrower and co-borrower;
any additional identification document (SNILS, insurance policy, military personnel, international passport);
photocopy of the work book;
certificate 2-NDFL or in a form approved by the bank (for the previous 6 months);
marriage and birth certificates.

The application package may vary depending on the program in which the borrower is participating.

During the procedure for applying for a mortgage loan, when a positive decision is received on the application form, you will need to provide additional documents for the property being purchased (the list is checked with a mortgage broker or at a bank branch). In addition, to obtain a mortgage from Sberbank, the borrower must draw up and submit an application.

Step 3: choosing a property

If you intend to buy an apartment that is still under construction, it is recommended to choose real estate properties accredited by Sberbank. This will simplify the transaction and minimize the risk of encountering scammers. The money is transferred to the developer's account

You can select a property on the DomClick website in the Buy section. Basic search parameters are entered into the lines at the top (see screenshot), and the program automatically selects suitable options.

When choosing a property on the secondary housing market, take into account the requirements of the lender.

Having chosen a property, they order an assessment of its value from a company on the list of those accredited by Sberbank. Open the “DomClick” section on the “DomClick” website.

To search for real estate, enter the name of the city in the blank line.

Expert opinion

Irina Bogdanova

Expert in the field of mortgage lending.

The broker uploads the appraiser's report and other documents for the apartment being purchased on the DomClick portal for verification.

Step 4: Submitting an application and reviewing it

Having decided on a lending program, you can start submitting a mortgage application on your own or with a loan specialist. In the first case, the client comes to the bank branch with a standard package of documents, in the second, he fills out a form in the DomClick service.

Now all that remains is to wait for the mortgage to be approved by Sberbank. After a maximum of 5 days, the credit manager will inform you by phone of the bank’s decision and announce the disbursement limit, interest rate and payment schedule.

Submitting an application for a mortgage at Sberbank takes from 10 to 30 minutes, depending on the chosen method.

Submitting an application online

Clients connected to Sberbank Online can apply for a mortgage through the Personal Account. To do this, open the “Loans” menu item, then “Mortgage”.

The system immediately redirects to the DomClick platform.

How to fill out and submit an application remotely:

Go to the official resource “DomClick” → “Mortgage”, select the “Personal selection of mortgage” tab in the menu that opens.
Using a special service, they select a loan program for themselves.
Then go to the “Loan calculator” section and enter the basic data for submitting an application (loan program, amount, installment period, down payment amount).
Click on the “Submit Application” button. The system will request a cellular client number for registration.
Then fill out the form, indicating reliable data. If possible, it is advisable to involve a co-borrower - this will increase the chance of receiving approval.
Attach scans of the required documents.
The application is sent to the bank for consideration.

Where to start the procedure for obtaining a loan?

Before applying for a mortgage at Sberbank, you need to pay attention to the programs that the bank offers and the requirements established for borrowers. The lowest percentage of refusals occurs in the following categories of clients:

The borrower must be over 21 years of age and a maximum age of 55 years at the time of closing the mortgage.
Availability of permanent registration in the place where the loan was issued and the location of the bank.
The total work experience must be at least 1 year over the last 5 years, and at the last place of work for at least six months.

The process of obtaining a mortgage for a primary apartment does not take as long as for a secondary one - mostly clients choose a developer who works with Sberbank, so employees accept the collateral and allocate funds for equity participation in construction. Apartments that clients select and purchase from previous owners on their own must go through a more complex approval and assessment procedure.

Registration of collateral for a mortgage

After receiving consent from the bank on the application and selecting a residential property, it is necessary to draw up a document for the mortgage collateral - an agreement. It is drawn up in writing and does not require notarization (Clause 1, Article 10 of the Law “On Mortgage (Pledge of Real Estate)” dated July 16, 1998 No. 102-FZ). In this way, the lender is insured against non-repayment of the debt by the borrower. If the latter fails to fulfill its obligations, the bank has the right to receive satisfaction through the sale of the mortgaged property. (Article 334 of the Civil Code of the Russian Federation).

Expert opinion
Irina Bogdanova
Expert in the field of mortgage lending.
The borrower will be able to obtain full ownership of the purchased apartment (house) only after the encumbrance is removed, when the mortgage debt is fully repaid and the corresponding registration entry in the Unified State Register is removed.

The mortgage agreement is available for download at the following link:

Carrying out a purchase and sale transaction

After Sberbank approves the client’s mortgage and pledge, a date is set for the transaction. Procedure:

Both parties sign the mortgage agreement.
They sign a preliminary contract for the purchase and sale of real estate - first preliminary, then main (the content of both is essentially identical, only the first indicates the intentions of the parties to conclude a transaction and the timing of its completion).
The borrower makes a down payment as an advance.
Through the MFC, all documents are sent to Rossreestr for registration of property rights.

The bank transfers the balance of the amount to the seller of the property after the transfer of ownership.

How to take: step-by-step instructions

Sberbank suggests using the following stages of obtaining a mortgage:

Get acquainted with the real estate market in your locality to determine the amount you need to take as a loan. It is approximate, but this way you can find out the size of the loan and down payment.
Study of mortgages and conditions for their provision.
Using an online calculator from Sberbank to independently calculate the amount of the monthly payment and the chances that the loan application will be approved by the bank.
Gathering the necessary paperwork to apply for a mortgage.
After approval, you need to start collecting documents for the selected property, which will be purchased with a mortgage.
Next comes the process of drawing up an apartment purchase and sale agreement and drawing up a mortgage agreement.
Registration of ownership rights to purchased real estate.

Rules for submitting documents and applications

The package of documents for applying for a mortgage is voluminous, but this does not mean that you need to provide them all at once to submit an application.

To get started you will need:

Questionnaire.
Passport of a citizen of the Russian Federation.
Verified income of the borrower.
Information from the place of work. Proof of permanent employment must be verified before submitting an application. This can be done by providing the bank with: a certified photocopy of the employment record from the employer;
certified extract from the employment record;
a copy of the collective agreement;
certificate 2-NDFL.

The list presented refers to confirmed income, but many have an additional source of income, for example, renting out housing. To confirm such income, you need to provide the credit institution with a 3-NDFL certificate, confirmed by the tax office.

At the first stage of filing an application, the above documents are sufficient. After Sberbank gives a final answer on the amount of approved funds, the borrower will have another 90 days to find an apartment and submit all the necessary documents to apply for a loan.

The process of selection and evaluation of real estate

The client must carefully select an apartment that will be his property after paying off the mortgage. After the application is approved by the bank, the client is given three months to complete all documents. Finding a property can take on average one month or a little less. But there is no need to delay it, because time is needed for other stages.

If the client does not meet this deadline, the mortgage approval becomes invalid. It is not possible to extend the deadline for a previous review. You will need to submit another application and wait for the bank’s decision. A mortgage loan is impossible without a preliminary assessment and home insurance. To conduct an assessment, you need to contact companies accredited by Sberbank. Their services are cheaper, and the conclusion will meet all the bank’s requirements.

What is required for real estate approval?

Buying an apartment with a mortgage on the secondary market has more difficulties, so the loan approval process may take longer. The bank makes several demands regarding such housing :

housing should not be in disrepair;
the object must meet all technical specifications;
special attention is paid to the legal side - absence of arrest, redevelopment, encumbrances.

How to draw up a contract correctly?

The bank is in charge of drawing up the agreement and it will be impossible to make any changes to the text. The borrower will be offered a completed copy, which must be read and signed.

In the contract the client must check:

full address of the apartment, area, number of rooms;
all details of the parties;
what responsibilities does the borrower have besides payments;
what happens if payment is late?

We do not recommend completing the documents yourself. Save time - contact our lawyers by phone:

8 (800) 302-76-94

You should pay attention in the contract to the amount of fines for late payment, the prohibition on early repayment and other nuances. Along with the loan agreement, a mortgage on the apartment is also drawn up. For the entire period of mortgage payments, it will be owned by the bank and cannot be sold. Basically, all three agreements are signed on the same day, so that there is no gap in time (credit, collateral and purchase and sale).

Insurance

Insurance of the purchased property is issued for the entire mortgage period . Its terms provide for compensation for property damage in the event of a flood, fire or house collapse. Every year it is necessary to renew the contract and make payments.

Mortgage insurance must be taken out, because it guarantees the lender the good condition of the collateral until the debt is repaid. The apartment is insured in favor of the bank. If an insured event occurs, Sberbank will be the beneficiary.

Step-by-step calculation procedure

When Sberbank makes a positive decision on the client’s application for a mortgage, the most crucial moment will come - issuing money.

Sberbank has two loan issuance schemes:

after state registration of the transaction;
using a safe deposit box.

In the first case, the calculation algorithm is as follows: on the day the loan agreement is concluded, all buyers and sellers endorse the real estate purchase and sale agreement. On the same day, the borrower transfers the down payment to the apartment owner in cash or by transfer to the seller’s account, and a receipt is drawn up confirming receipt of the money.

Then the documents are transferred to the Registration Authority and within five working days the owner of the apartment changes. To make the final payment, the certificate is submitted to the bank, on its basis the amount of money is credited to the borrower's account, and then credited to the seller. Confirmation of receipt of money and final payment is another receipt.

Property rights after mortgage registration

The procedure for registering ownership of purchased real estate takes place at the MFC. Both parties (buyer and seller) must come there with all documents, including a receipt for payment of the state duty.

You can register a transaction online through the DomClick service. Send documents to Rosreestr electronically. After registration is completed, papers with the appropriate mark are sent by e-mail. The cost of such a service is from 7900 to 10900 rubles.

For the period while the borrower pays off the mortgage, the apartment is pledged to the bank. The owner will not be able to sell or donate it without obtaining consent from the lender, but he has the right to register someone on the mortgaged living space and make repairs.

Insurance

Insurance of the collateral is a mandatory requirement of Sberbank. You can choose the best option and apply for a policy on the DomClick website, using the services of Sberbank partner companies. Read about how to return the insurance amount in the article “Return of Sberbank mortgage insurance”

The borrower pays the cost of insurance independently. A similar procedure is required only for apartments on the secondary market and built houses (when documents are available). New buildings are insured after construction is completed and the house is put into operation.

Expert opinion

Irina Bogdanova

Expert in the field of mortgage lending.

In addition, the applicant must insure life and health, otherwise the mortgage rate will increase by 1%.

Sberbank mortgage programs

The list of products in the field of housing lending in a financial institution is very extensive. In addition to the main ones, it includes programs for beneficiaries and young families. The general condition is the maximum loan repayment period - 30 years.

The proposals work within the following areas:

Purchasing housing in a newly built house. Interest rate - from 8.9% to 11.5%. If you receive a loan for an apartment from a developer cooperating with Sberbank, the rate starts from 7.4%.
Buying an apartment on the secondary market. Rate - from 8.6% to 10.75%.
Construction of a private house. At a rate of 10% to 12.5%.
Country estate. Rate from 9.5% to 12%.

There is also the possibility of using various subsidies and benefits.

Requirements for the borrower

Sberbank has various requirements for potential borrowers, which is influenced by the chosen lending program and the terms of the mortgage.

Standard requirements for the applicant:

Russian citizenship and permanent registration on the territory of the Russian Federation;
age range - from 21 to 70 years at the time of repayment of the mortgage loan;
work experience at the current place - the last six months, continuous - over 1 year;
sufficient income to make mortgage payments (confirmed by a 2-NDFL certificate);
attracting co-borrowers or guarantors, which increases the chance of approval;
availability of own funds to make a down payment of up to 20% of the cost of the purchased home.

Participants in the Young Family program must meet certain requirements:

have housing with a total area of no more than 42 square meters. m for two or 54 sq. m for three;
live in conditions that do not meet sanitary standards;
live with a person suffering from a serious illness;
be no older than 35 years of age.

For a military mortgage, the borrower must have served in the military and be a participant in a special program (NIS).

When applying for a housing loan using maternal capital, you must provide a certificate. In the event of the birth of a second or subsequent child, funds issued by the state can be used for a down payment or debt repayment.

Real estate requirement

Sberbank strictly approaches the issue of choosing property as an object of collateral for a mortgage, putting forward certain requirements for real estate. It is important for the financial institution that in the future, if the borrower evades fulfillment of debt obligations, it is possible to sell the collateral without problems at a price close to the market one.

Approval of an object under a Sberbank mortgage depends on the appraisal report. Failure to meet the required parameters even on one point gives the lender the legal right to refuse the borrower to issue a mortgage loan.

Ready housing

Sberbank has specific requirements for purchasing an apartment with a mortgage:

real estate must be located on the territory of the Russian Federation, in a liquid area;
in Moscow, buildings no younger than 1970 are suitable, in the provinces - from 1955;
during the total service life of the building, wear and tear should not exceed 70%;
all rooms must have radiators, glazed windows, doors in accordance with the technical passport, and there must also be cold water supply, ventilation in the kitchen and restroom;
the building must have a concrete, stone or reinforced concrete foundation;
all redevelopments carried out must be coordinated with the relevant organizations.

The bank will definitely refuse if the property:

is under encumbrance, arrest;
with debts on utility bills;
is in a dilapidated state and is being prepared for demolition;
intended for reconstruction;
with wooden floors;
constructed from blocks or panels.

The bank does not consider premises located on the ground, first and last floors, as well as small families and dormitories.

The listed criteria are taken into account only when purchasing an apartment. When applying for a mortgage on a house with land, you will need to do a land survey.

Why can they refuse?

When applying for a mortgage from Sberbank, many are faced with refusal without explanation.

It is not possible to find out why this happened. The law states that the bank is not obliged to report to the applicant for its decision.

The bank does not want to lose its money, and even seemingly insignificant factors can be the reason for refusal.

One of the most important reasons is inadequate solvency.
The buyer's net income must be 3 times or more than the mortgage payment amount. By increasing the down payment on the mortgage, you can reduce the size of subsequent monthly payments and obtain a positive decision from the bank.
The second important reason is a bad credit history, even if it was with other banks. This information is stored in the BKI database for 15 years, and it will not be possible to deceive Sberbank.
The lack of a credit history will also alert the bank, because it will not be able to verify the solvency and discipline of repaying the loan.
Note! Frequent loans raise suspicions that the borrower often has problems with solvency.
Another common reason for refusal is incorrectly completed (with errors) or false documents.
Unpaid traffic police fines, alimony, and various receipts are another reason for refusal. Another compelling argument for refusal is the borrower’s criminal record, even if it was a suspended sentence.
Health problems, a dangerous type of work, or a discrepancy between the position held and the education received may cause Sberbank to refuse a mortgage.
Banks in most cases do not provide loans for rooms in communal apartments and dormitories.

You will find recommendations on how to get approval for a mortgage from Sberbank and what to do if you are rejected in a separate article.

Mortgage for construction

The construction site must meet the following requirements:

is included in the number of lands intended for individual housing construction and agricultural work;
not listed as collateral;
registered in the BTI as “construction in progress” if there are any buildings on it.

All owners of land plots in this case are required to act as mortgagors. Banking control is carried out at all stages of construction.

Mortgage terms

The mortgage lending segment is characterized by significant flexibility and the ability to select loan repayment terms taking into account the individual situation of the borrower, including his creditworthiness. Basic mortgage parameters:

Loan terms. In the case of mortgage loans, it differs significantly from the terms that are available, for example, for most consumer loans. The long loan term - up to 30 years - allows you to break down monthly payments into small amounts, which opens up the possibility of purchasing a home for borrowers with relatively low creditworthiness.
Installment type. To repay a mortgage, two installment plans are available: equal payments, in which the borrower pays payments of the same size throughout the entire loan term, or decreasing payments. In the latter case, contributions in the first period increase and then decrease, which reduces the financial burden before full repayment of the loan, but requires higher creditworthiness due to the greater burden on the budget in the first period.
Interest rate. A variable interest rate may be applied, the size of which depends on the bank’s margin specified in the agreement and the lending interest rate established by the Central Bank of the Russian Federation. The fixed interest rate remains unchanged throughout the loan term and does not depend on changes in the key rate. One of the biggest advantages of a mortgage loan is its low interest rate compared to other loan products. This is mainly due to the fact that the financed housing also acts as collateral for the obligations. Therefore, potential losses in case of non-repayment of a loan with a mortgage are lower than, for example, with consumer lending without collateral. Alfa⁠-⁠Bank offers mortgage loans with an interest rate of 4.69% per annum with the possibility of reducing the base rate: - if real estate is purchased from a key partner of Alfa Bank; — if real estate is purchased from an exclusive partner of Alfa-Bank; — for salary clients and A-Private clients; — when signing a loan agreement within 30 calendar days from the date of approval of the application.

The bank may increase the rate if the loan is issued only with a passport, as well as if the borrower refuses life and title insurance, or if the object of financing is a residential building with a plot.

Costs when applying for a mortgage at Sberbank

When applying for a mortgage loan, expenses will arise for the following items:

valuation of collateral real estate;
payment of state duty when registering a transaction and receiving a registration certificate;
registration of an insurance policy for a residential property, life and health of the borrower (a preliminary calculation can be made on the DomClick website);
real estate and notary services;
payment for renting a safe deposit box (if the payment form is accredited);
registration of various certificates in Sberbank.

Down payment on mortgage

You can get a mortgage from Sberbank only if you make a certain amount of the down payment. The amount is calculated as a percentage of the property value and depends on the program:

What mortgage program?	An initial fee, %
"Ready living space"	From 7.3
"Housing under construction"	From 0.9
"With state support"	From 0.1 – in the first year, then – 6.1
“With state support for families with children”	From 0.1
"Construction of a residential building"	From 8.8
"Country estate"	From 8
"Plus maternity capital"	From 4.1
"Military mortgage"	From 7.9
"Garage or parking space"	From 8.5

Borrowers who have not documented their income will be able to take out a mortgage loan only with a 50% prepayment.