Minimum mortgage amount at Sberbank - what is its size in 2021

general information

As you know, most banking organizations, when providing a large cash loan, for example, a car loan or a mortgage, require their clients to make a portion of their own funds as an initial deposit. Why is this necessary?

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The fact is that when issuing a large sum of money, the bank must first make sure that the client, i.e. you are solvent enough to then return the funds you received. In other words, making a deposit is simply a way to make sure that you are reliable and have enough income to pay off the loan in the future.

Most often, you need to contribute your own funds in the amount of 10 to 30% of the value of the property. The specific numbers will depend on the company you choose, as well as the purpose of the borrower’s application.

Is it possible to get a loan without your own money? Yes, there really are such programs, but they are available only to certain categories of citizens. For most housing programs, you will have to make a down payment.

Purchasing a constructed home on the secondary market

The purchase of such real estate is carried out not directly from the developer, but from the previous owner of the living space - an individual. Such a transaction also has differences and its own characteristics:

• The minimum annual interest rate is 10.7%;
• The starting rate is determined by the client who submits an application under the program to help young families (for other situations it is discussed individually);
• Persons who own salary cards have the opportunity to take advantage of special conditions.

Upon receipt of approval of the application, it is possible to involve several people who act as co-borrowers. Thanks to this, it is possible to increase the loan size to the maximum allowable level. The lender does not require confirmation of its solvency when making the first payment of at least 50% of the borrowed amount. In other cases, the initial repayment requires at least 20%.

What mortgage programs does Sberbank have?

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This company offers several products that can be obtained for home loans. Depending on the property, as well as your status, you can choose the one that is intended specifically for you.

1. Mortgage with state support for families where a second or third child was born since January 1, 2021 - from 20%,
2. Purchasing housing under construction - down payment from 15%, if you plan to register using 2 documents - from 40%;
3. Purchasing finished housing - you need to pay a contribution fee of 15%;
4. Mortgage + maternity capital - contribution will be at least 20%;
5. Military mortgage - down payment 15%, paid by the state;
6. Construction of a residential building - down payment of at least 25%;
7. Country real estate - from 25%;
8. Garage and parking space – from 25%;
9. Your own turnkey home is a special program for obtaining a mortgage for a prefabricated house. You need at least 20% of your own funds;
10. Mortgage for participants of Renovation in Moscow - the minimum contribution will also be 20%.

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We have collected original reviews on this topic here, reviews from real people, many comments, worth reading.

Any of the listed loans is issued in an amount not exceeding 70-80% of the value of the property (apartment, house), that is, when drawing up a loan agreement, you will need to confirm the availability of funds. Please note that large and young families can use maternity capital or government subsidies for the down payment on a housing loan.

Buying an apartment on the primary market

The down payment on a loan for this category must be at least 15% of the stated price of the property being purchased. But if a situation arises when the client cannot officially confirm his solvency or has a damaged loan history, his interest rate increases to 50%.

This segment also includes the purchase of housing in new buildings, the purchase of a house that has already been built or is under construction. The loan interest rate can reach 10.4% per annum, but with subsidies from a construction company, its size is reduced to 8.5%. The banking system also provides the opportunity to take advantage of a preferential rate, but their number is limited, so it is recommended to inquire about availability directly from the construction company. The reduction in percentage is also affected by the implementation of the proposal for electronic execution of the contract.

Is it possible to get a mortgage from Sberbank without a down payment?

Many of our readers are wondering - if we have a small salary, is it possible to get a home loan without depositing our own funds? Maybe the bank has some special programs for the poor?

We answer: unfortunately, at the moment absolutely all bank mortgage offers provide for the collection of interest rates. If you don't have it, your application will simply not be approved.

At the same time, if your income is less than 25-30 thousand rubles, and you request a large amount of over 1 million rubles, you will also be denied, because income will not be enough to pay off the debt.

4 banks that are happy to issue mortgage loans

What to do if you don't have enough savings?

• You can apply for an additional consumer loan, the funds of which will be used to pay for the PV. Of course, this is inconvenient and difficult for the family budget, but if there is no way to save, then this is the way out.
• If you belong to the “Young Family” category, i.e. If you or your spouse are not yet 35 years old, try to get in line for the federal program of the same name, which provides for the payment of subsidies to participants. This subsidy can be used to pay for PV, find detailed conditions here,
• Various payments from the regions are also provided for public sector employees. Find out what kind of assistance from the state you can get in your particular city from the City Administration or the MFC.
• Loans for military personnel. We tell you more about this mortgage at this link.

Mortgage products and their repayment

The bank has at its disposal several loan programs for different categories of people and offers in the same direction. However, even in them, the conditions and rules of the loan, as well as the size of the PV, may differ. Sberbank occupies a leading position in Russia in terms of the number of loans requested and issued, but even despite many tempting offers, most of them require the mandatory payment of an initial payment.

As a rule, the percentage ratio of the primary amount and the main loan is set at a ratio of 30 to 70. But with an increase in payment, a different percentage reduction is provided. For example, when repaying half of the loan, the interest is reduced to 13% from the initially stated 13.5%. Despite the fact that LP has many advantages for the borrower, initially, it is aimed at ensuring banking interests, as it acts as a guarantee for further repayment of the debt.

Conditions for obtaining a loan

Insurance of the property purchased on credit, as well as the life and health of the applicant, is required. According to the terms of Sberbank, there is a so-called “thirteenth payment”, which includes amounts under insurance policies for the borrower and property.

The amount of such a fee can reach the amount of the monthly payment, and therefore it is paid separately at the end of the year. What are the conditions:

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• Mortgage loans are provided in national currency, that is, in Russian rubles.
• There are certain age restrictions – from 21 to 65 years.

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• The loan is available to military personnel under the age of 45.

All such programs have a repayment period of up to 30 years. Limited to military personnel only - you must not be more than 45 years old at the time of full repayment of the debt.

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All loan products involve an annuity repayment scheme (more about it here), that is, repayment of the debt in equal installments.

Military personnel

Persons performing military service for the benefit of Russia can also take advantage of special offers from the credited party. For military clients, a mortgage is provided with an annual interest rate of 10.9%. But the offer is relevant only to those who are participants in the savings and mortgage program for providing housing. These conditions make it possible to purchase an apartment or house on the secondary market. Also, the contract is drawn up without the need to provide documents confirming solvency. In addition, there is no need to insure the life and health of the borrower.

Additional conditions when applying for a mortgage loan without a down payment

Such programs are designed for the purchase of apartments or private houses, ready to move in or under construction. The purchased property becomes a collateral for the mortgage and is in the ownership and disposal of the bank until the debt is fully repaid.

If the applicant is not a participant in social programs that allow you to take out a mortgage without depositing your own funds, then there are several options for solving this problem:

• Loan for a down payment on a home loan. The most popular way to borrow money and make a down payment on a home loan. However, an applicant wishing to apply for such a loan must convince the lender of his solvency and reliability, as well as the ability to pay off two debts at once. The advantage of this method is that you can get money without collateral. But there is also a drawback - in the first months there will be quite significant amounts to pay for the family budget.
• Pledge of existing property. This is suitable for those who already own real estate. If you transfer it as collateral, you can receive an amount that will be enough to pay off the debt on the first installment. The applicant is required to provide a standard list of documents (we review it here). The downside is the extra costs of servicing loans and the restriction of rights to dispose of previously owned and acquired property: mortgaged real estate cannot be sold, exchanged or donated.

What does a borrower need to know?

A mortgage is an affordable and effective way to purchase any real estate in the country. This is the best method to compensate for the missing financial resources and become the happy owner of your own apartment or house. However, an important point is the choice of bank for mortgage lending. Sberbank has remained the most reliable and stable option for many years.

How to apply for a mortgage at Sberbank?

To do this, you need to contact the nearest branch with pre-collected papers. To consider your application you will need a package of documents:

1. Passport.
2. Documents confirming employment and income of both the borrower and co-borrowers.
3. Additionally, depending on the type of loan: a marriage certificate, a birth certificate, and possibly others confirming the relationship.
4. Document on the balance of funds in the maternity capital account received from the Pension Fund.

Alternatively, you can apply online. To do this, you will need to go to a portal specially created for this called Click House. Here you need to register your Personal Account, after which you can search for the housing you need, calculate loan programs, submit an application and track its status online.

Documentary confirmation of the down payment will be required only after the loan is approved by the bank. What documents are accepted:

• Bank statement from your account/deposit.
• Documents confirming partial payment of the cost of the object, or the estimated cost of construction, or the cost of construction work.
• A document confirming receipt of a subsidy from the budget, or a housing certificate, or a certificate of a participant in a targeted loan for military personnel.
• A document confirming the cost of housing, in replacement of which a new one is purchased.

A passport and a second document of your choice, also confirming your identity, (for example, a driver’s license, SNILS, international passport), it is enough to present for consideration of an application for a mortgage if you are ready to pay Sberbank a down payment of more than 50% of the cost of housing

Question-answer section:

2019-08-07 21:49

Andrey

Can I make a down payment on my mortgage using a credit card? The mortgage was approved by Sberbank. Credit card - Sberbank.

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Answered by Elena Sharomova, expert on credit and financial products

Andrey, no. You will need to provide the bank with a document in advance confirming that you have funds for the down payment. If you cash out your credit card, you will have a large debt to the bank, and they will not approve you for a new one.

2018-11-16 17:02

Tatiana

Is it possible to purchase an apartment in a secondary market using 2 documents - from 50% down payment, and how to calculate the interest on payment for 15 years?

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Answered by Elena Sharomova, expert on credit and financial products

Tatyana, all calculations will be made for you at the Sberbank branch, you can make approximate ones yourself on the official website sberbank.ru in the “Mortgage” section

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05/20/2019 Information about the authors | Category: Mortgage | Sberbank

For construction work

In addition to all of the above, the bank offers a loan for real estate construction. When such a situation arises, the issue of initial repayment becomes especially acute. This is due to the fact that the collateral property has not yet been built, and therefore will not be able to cover bank expenses in the event of default. Therefore, to ensure that the bank’s expenses are covered, at least 25% of the construction cost is required.

The mortgage amount is calculated based on the information provided about the developer’s company, construction materials and the work itself. You will also need to attach a construction plan and construction estimate. At the same time, the loan is not issued in full, but is paid in installments. The subsequent amount is paid only after the borrower reports that the previous payment has been spent. Distinctive feature. This type of lending has a higher loan rate compared to other types of mortgage loans. For construction, the interest is 12.25% per annum.