How to get a mortgage at Sberbank: 7 steps of step-by-step instructions

Mortgages are scary not only because of the need to repay money over a long period, but also because of the possible complexity of the loan application procedure itself. Before taking out a mortgage from Sberbank, you should study the step-by-step instructions and the features of individual loan products.

The stages of buying an apartment with a Sberbank mortgage look step by step like this:

Study of the real estate market, approximate assessment of the value of the selected property, loan size;
Analysis of mortgage programs offered by Sberbank;
Approximate calculation of the monthly payment, independent assessment of the chances of loan approval;
Collecting a package of documents for applying for a loan;
Search and collection of documents for the selected apartment upon approval of the loan application;
Registration of a transaction for the purchase and sale of an apartment, signing a mortgage agreement, home insurance contracts, health and life insurance contracts for borrowers;
Registration of ownership of an apartment, registration of a mortgage.

At each stage there are details that need to be studied in advance; step-by-step instructions for purchasing an apartment with a mortgage will help with this.

Studying the situation on the real estate market

When applying for a secondary mortgage at Sberbank, the step-by-step instructions involve a preliminary study of real estate offers - this is where you should start in order to profitably buy an apartment with a mortgage. This step is necessary, otherwise it will be difficult to decide on the loan amount.

You can take out a mortgage in Sberbank for a new building both from the bank’s partner developers and from other companies. In the first case, the rate may be lower.

When concluding an equity participation agreement with a non-accredited developer, the following are additionally provided:

extract from the Unified State Register of Legal Entities;
a document certifying the rights of the authorized person who signed the DDU on the part of the developer;
building permit;
documents confirming the status of the land plot - a lease agreement or a certificate of ownership;
permission to commission;
act of acceptance and transfer.

Methods for collecting information can be different: you can contact a specialized agency, study publications and instructions for choosing in specialized newspapers, on Internet portals. Sberbank also has a proprietary service for selecting housing both on the secondary market and on the market of new buildings. They also place mortgage applications on the DomClick resource and consult with bank specialists.

Having found out the cost of apartments in the chosen category, you need to evaluate the possibility of paying the down payment with your own funds. According to the instructions of Sberbank, housing lending programs require an initial payment of 15% of the price.

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.

Analysis of mortgage programs

Sberbank offers 6 housing lending products for the purchase of real estate in the primary and secondary markets, for preferential categories of borrowers (young families, military personnel), with the possibility of making a first payment or repaying part of the debt using maternity capital, as well as for the purchase of suburban real estate and the construction of individual Houses.

A rate of 6% or more is offered to young families as part of the “Mortgage with state support for families with children” program. The preference is available to families in which a second or third child is born between December 1, 2021 and December 31, 2022.

For other borrowers, a minimum rate of 7.1% is offered under the “Purchase of Housing under Construction” program. As part of this project, you can purchase real estate on the primary market from developers - sellers - identified by the bank. The maximum possible loan amount is 85% of the contractual or estimated value of the purchased property.

You can buy an apartment on the secondary market on credit at a rate of 8.6% as part of the “For Young Families” promotion. At the stage of choosing a program at Sberbank, you need to clarify all the nuances about a mortgage for an apartment. The size of the rate depends on the availability of a salary project in Sberbank, the amount of the first payment, and the repayment period of the loan taken.

Advantages and disadvantages

Buying an apartment in a new building or at the construction stage is not always economically justified: the price per square meter is higher, the time frame for putting the house into operation is very conditional, and the opportunity to get a bank loan is not guaranteed. That is why in recent years the segment of secondary housing in the real estate market has grown significantly.

Buying an apartment with a mortgage: step-by-step instructions from an expert

The advantages of "secondary"

price - for an old vest it is lower than for an apartment in a new building;
the presence of developed infrastructure - schools, kindergartens, retail outlets, transport interchanges, etc.;
the opportunity to move in immediately after purchase - in order for his offer to be competitive, the seller tries to make at least minimal cosmetic repairs. With some effort, there is a chance to find an apartment decorated in the latest fashion;
the likelihood of getting a mortgage to purchase a secondary property is higher - banks are more favorable towards such applications due to the high liquidity of a finished apartment than to options for purchasing new buildings.

Disadvantages of buying second hand

increased interest rate on a loan for the purchase of new housing;
It is not always possible to find an apartment with the desired characteristics;
the degree of wear may require additional investments for major repairs;
risks associated with possible legal consequences from previous owners.

Nevertheless, buying an apartment on a secondary mortgage is invariably in demand: the main criterion is its more reasonable cost from an economic point of view.

Assessing your own chances of getting a loan

You can evaluate the potential possibility of obtaining a loan using the mortgage calculator at Sberbank. By entering data on the income, expenses of the borrower's family, the cost of the loan object, the loan term, the size of the first payment, you can find out the amount of monthly payments and the total overpayment on the loan. The calculator will also show the maximum loan amount that a borrower with a certain income can qualify for.

Calculations on the loan calculator are preliminary; for clarification, you must contact a Sberbank branch. The monthly loan payment should not exceed 50% of the borrower's income.

It is also necessary to take into account the requirements of Sberbank for potential clients. Citizens of the country can apply for a mortgage for an apartment:

aged from 21 to 75 years at the time of full payment of the loan or up to 65 years, if the borrower did not confirm the fact of employment when filling out the application;
working at their last place of work for at least 6 months. If the applicant receives a salary not according to the bank’s salary project, then his total work experience over the last 5 years must be at least 1 year.

Is it possible to get less than the minimum amount?

The minimum mortgage loan amount is calculated by the bank taking into account the costs of processing the transaction and the profit received from it. Therefore, the client will not be able to receive a smaller amount. For a financial institution, such a deal is unprofitable. The bank will lose more on drawing up a loan agreement than it will gain from its implementation.

Therefore, if you need an amount that is less than the minimum wage specified by the bank to purchase real estate, it is better to take a regular consumer loan. At Sberbank this program is called “Loan for any purpose”.

The minimum amount will be 30,000 rubles, the maximum - 5,000,000 rubles. The loan is issued for a period of up to 5 years. Interest rate - from 10.9%. The minimum repayment period is three months, while under any mortgage lending program it is one year. The borrower can take out the missing amount under this program for a short period of time and quickly give it to the bank with a small overpayment.

Documents for obtaining a mortgage loan

To apply for a loan, you must provide the following documents to Sberbank:

application form;
a copy of the passport of the borrower and co-borrowers;
a second document, for example, TIN, SNILS, medical policy, international passport, driver’s license;
certificate of registration at the place of stay, if registration is temporary;
income certificate in form 2-NDFL, for individual entrepreneurs - tax returns;
a copy of the Work Book certified by the employer;
Marriage certificate (if available);
Child's birth certificate (if available).

If earnings are received as part of the Sberbank salary project, then confirmation of the amount of income and length of employment is not required.

Under the “Mortgage plus Maternity Capital” program, you must provide a certificate certifying the family’s right to receive maternity capital funds, and a document from the Pension Fund confirming the amount of the account balance.

Following internal instructions, managers may require other documents to assess the potential risk of issuing a loan.

The decision to issue a loan is made within 3-5 days and is valid for 60 days.

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.

Choosing housing and collecting the necessary documents

Having received a positive decision from the bank and having learned the amount of the approved mortgage, you should actively search for and select the appropriate apartment yourself or with the help of realtors. The requirements put forward by the banking structure for mortgage real estate should be taken into account:

the building in which the lending facility is located should not be in disrepair, dilapidated, or scheduled for demolition;
absence of illegal redevelopment;
availability of all communications.

When an interesting object is found, a preliminary purchase and sale agreement is concluded.

Then the preliminary purchase and sale agreement must be submitted to the bank along with a package of documents for the property, consisting of:

agreements of purchase and sale, donation, exchange, and so on, that is, documents on the basis of which the seller acquired the right of ownership;
cadastral passport of the apartment;
an extract from the Unified State Register and a Certificate of Ownership, if the object was purchased before 01/01/2017, or an extended extract from the Unified State Register, if the registration of the last transfer of ownership occurred after the specified date. The bank accepts extracts from the Unified State Register issued no later than 30 days ago;
certificate of absence of debt on utility bills;
a copy of the apartment map;
photocopy of the seller's passport;
bank details of the seller's account;
confirmation of the buyer’s own funds – a receipt from the seller for receiving a certain amount or a certificate from the bank about the availability of funds in the buyer’s account.

When starting to collect the necessary documentation, you need to clarify a number of questions, for example, if:

the owners of the alienated property are incapacitated citizens, including minors, then the consent of the guardianship authorities will be required;
the property was purchased by a married seller, then a notarized consent of the spouse to the transaction will be required;
a share of real estate is acquired, then a notarized refusal of purchase by the owners of other shares is written;
The sale transaction is carried out by an authorized representative of the home owner; his passport and notarized power of attorney will be required.

Then an assessment of potential mortgage housing is carried out.

You need to imagine what stages future homeowners need to go through, look at the step-by-step instructions on how to apply for a mortgage at Sberbank in order to determine the procedure for receiving papers, because each of them has an expiration date, and their preparation also takes time.

If the documentation for the purchased property is not ready within the time period allotted by the bank, you need to submit a new application for a mortgage loan.

Considering that the seller will not collect any documents without the bank’s consent to provide a loan, it is advisable to simultaneously look for housing and contact the bank with primary documentation and a questionnaire.

Sberbank's security service, according to instructions, examines the documentation and assesses the risk of issuing a mortgage. After this, the decision is communicated to the client, and the process of obtaining a mortgage for the apartment is initiated, step-by-step instructions for which are presented below.

Filing an application

After the property has been selected, you must apply for approval of a mortgage specifically for this property (apartment, private house, new building, etc.). This can be done in the office, on the Sberbank website or through the website of the official partner Domclick (you can register your personal account in 2 minutes).

At the same stage, you should provide documents for the property. Minimum package:

certificate confirming ownership (they will not be issued since 2021);
agreement on the purchase of housing owners (or agreement on privatization, exchange, certificate of inheritance);
extract from the USRN register.

Other papers may also be needed. For example, if the owner is married, you need to obtain a notarized consent of the spouse to sell. If the owner is a minor - written permission from the guardianship authorities. And if his representative acts on behalf of the owner - a notarized power of attorney.

Attention! After Sberbank approves a mortgage for a specific property, it is necessary to assess its market value. To do this, you will need to contact a specialized company, choosing it yourself or from the list provided by the bank. The service is paid for by the applicant - i.e. the borrower himself.

Agreement for the purchase and sale of an apartment under a Sberbank mortgage

The purchase and sale agreement for housing with a Sberbank mortgage, in general, has a standard form. However, it must contain a mandatory mention that part of the cost of housing will be paid using borrowed funds provided by this particular bank, and also that the purchased property will be pledged, and Sberbank will act as the pledge holder.

The document contains the lender's details, but only the buyer and seller sign it.

First, a preliminary purchase and sale agreement is formed and signed, and then the main one. The texts of both documents are not fundamentally different. It’s just that the first one states the intention of the parties to conclude a transaction, specifies the deadlines for its registration, and the second one speaks directly about the purchase. The preliminary agreement is submitted to the bank's internal services for analysis along with a package of documents on the purchased property.

What requirements does Sberbank put forward to borrowers?

Registration of a transaction for the purchase of real estate with a mortgage encumbrance through Sberbank is available only to citizens of the Russian Federation. The following requirements are established for Russians:

Age. Applicants who have reached 21 years of age are eligible to apply. The age limit at the time of contract closure is 75 years. If a mortgage is issued without income/employment information, the loan must be closed before age 65 inclusive.
Work experience – from 3 months at the current place of work. The requirement for having a total work experience of 1 year over the previous 5 years has been cancelled.
Co-borrowers. Any individuals up to 3 people. Their income is taken into account in calculating the loan amount. Spouses of title borrowers must become co-borrowers (with the exception of the lack of citizenship of the second spouse or division of property under a marriage contract).

To approve a mortgage, the bank requires collecting certificates about the financial solvency of co-borrowers. Age requirements are similar to those for borrowers.

Expert opinion

Irina Bogdanova

Expert in the field of mortgage lending.

The decision to attract third parties to mortgage lending is made by the bank client, but with a low income it is impossible to do without them. The bank views such support positively, because it is evidence of the client’s social well-being.

You can submit an application with a package of documents at one of the Sberbank branches at the place of permanent registration of the client or co-borrower, the location of the property being purchased, or the accreditation of the employer of the borrower (co-borrower). The choice is up to the mortgage applicant.

Costs when applying for a mortgage at Sberbank in 2021

Among the main expenses of borrowers are the following:

state duty when applying to the MFC or Rosreestr - 2,000 rubles when purchasing housing on the secondary market and 350 rubles for pre-sale housing;
notary services, if the transaction is carried out through him - from 1% of the transaction amount. If necessary, they pay for drawing up powers of attorney - about 1000 rubles;
assessment of the purchased object – from 2000 rubles;
realtor services – from 35,000 rubles. More often than not, this expense item is included in the price of housing, and the seller pays this specialist;
insurance contract for the purchased property – from 0.15% of the loan amount;
personal insurance of the title co-borrower – from 1%. This type of protection is voluntary.

To reduce debt servicing costs, you can take advantage of discounts on mortgage programs provided by the bank:

1% when taking out life and health insurance;
0.1% for electronic transaction registration. The cost of the service is 6,700 rubles. The state fee for registration will be 175 rubles;
2% when purchasing housing from an accredited developer;
0.3% when purchasing certain real estate properties presented on the Dom Click website from Sberbank.

The size of the down payment affects the interest rate on the loan: the higher it is, the less interest will be paid on the mortgage.

Choosing an apartment or other object

If the bank pre-approves the loan, you can begin to select real estate within the maximum amount, which depends on the borrower’s solvency, his age and other factors. When choosing an apartment, it is important to pay attention to certain requirements that Sberbank imposes:

new buildings can only be purchased from accredited developers;
the secondary house must be built no earlier than 1955 (in the regions) and no earlier than 1970 (in Moscow);
house wear and tear no more than 70%;
the building must stand on a stone, reinforced concrete or concrete foundation;
all windows are glazed;
each room has a stationary heating radiator;
there is a kitchen with ventilation;
cold water supplied;
location of doors and windows - strictly according to the technical passport;
all redevelopments (if any) have been agreed upon and included in the technical passport.

When is the down payment made on a Sberbank mortgage?

The down payment for a mortgage usually comes from the future homeowners' own funds. Most often this amount is divided into 2 parts.

The first is an advance or deposit. In the first case, if the transaction does not take place for one reason or another, the entire amount is returned to the buyer. In the second case, if the buyer is the culprit for abandoning the home, then the money remains with the seller, and if the seller, then he compensates the second party for the deposit in double the amount.

The amount of the first part of the advance is determined by agreement between the parties. More often this is an amount in the range of 50,000-100,000 rubles. It is handed over to the seller upon signing the preliminary purchase and sale agreement.

The second part is given on the day of registration of the transaction, when the main purchase and sale agreement is drawn up. The loan documentation is signed on the same date.

Each transfer of money must be accompanied by the signing of the relevant papers.

If we are talking about cash, then the necessary inscriptions are made on the purchase and sale agreements (both preliminary and main). Additionally, specifically for Sberbank, they write a receipt confirming receipt of funds. It is advisable that the seller write it personally and sign it only in the presence of the buyer.

If a non-cash transfer is intended, then a bank document confirming the fact of transfer of money is sufficient.

Reasons and grounds for rejection

Strict requirements for secondary real estate are quite justified. Indeed, in the event of litigation and collection of debts, the bank will have to return its money by selling the mortgaged apartment. And if it is illiquid by then, there is a risk of going into a big minus.

Let's look at the main reasons why a bank may reject a selected property:

The building is over 30 years old. The newer the house, the greater the chances of getting a positive decision.
Small area. Sberbank will not accept hotel-type housing as collateral and, most likely, will not issue a loan for an apartment whose area is less than 25 square meters.
The building structures are made of wood.
The apartment is located in the basement.
The bank may find fault with the seller’s papers if they show that the apartment has had a large number of owners over the past 5-10 years.
If among the registered persons there are people who were discharged due to being in the army or in prison, then it will also be difficult to obtain approval.

In order not to take risks and choose the housing that Sberbank will arrange the first time, you can use the services of a realtor. Another option is to choose an apartment on “Dom.Click” with about. Such housing has already been verified by the bank.

When Sberbank transfers mortgage money to the seller

The relevant authorities have 5 working days to complete registration actions regarding mortgage transactions. After their expiration, the buyer must receive registration documents, enter into the necessary insurance contracts and provide the resulting package of documentation to the bank.

After this, the loan application is signed. At the same time, an application is submitted to transfer these funds to the seller to the account whose number is specified in the purchase and sale agreement.

In order not to lose on commissions when receiving funds, it is beneficial for the seller to have an account in the same regional bank in which the buyer receives the loan. When transferring funds to another region or to another bank, the seller will have to pay a commission fee.

It is possible to receive final payment in cash. Then the funds will be received on the day the transaction is completed, before visiting the registration authority. But they will be placed in a safe deposit box, and the money can be withdrawn only after the purchase and sale agreement has been registered, that is, after the same 5 working days.

Which apartments are suitable?

Sberbank Bank puts forward a number of requirements that secondary real estate with a mortgage must meet:

Year of construction: no earlier than 1970.
The building must not be in disrepair or dilapidated condition, be registered for demolition, reconstruction or major repairs.
The apartment must have all utilities: heating, electricity, water supply.
The apartment must have a separate bathroom and kitchen.
The bank will be more willing to approve an application for a property that has been owned by the seller for more than 3 years, as this will avoid title insurance and the risks of property loss.
There should be no illegal alterations in the premises. Housing must comply with the plan reflected in the BTI documents.
The home must not be encumbered by another mortgage or be under arrest.
No defects in the building structure. Floors must be made of reinforced concrete, brick or stone.

When choosing a mortgage option, you need to understand that the bank is interested in receiving liquid collateral. That is why Sberbank is more willing to approve an apartment in a strong building with developed infrastructure and legally clear documents.

How does the bank check an apartment before approving it?

One of the important stages of applying for a mortgage is checking the property. It is carried out according to documents provided by the seller of the apartment. How does Sberbank check a secondary apartment? During the inspection, Sberbank finds out:

whether the object is correctly registered in Rosreestr;
who is the owner, and whether there are minors among them;
how the apartment was received by the seller (during privatization, purchase and sale, inheritance, etc.);
does the layout comply with the BTI plan;
building characteristics, location, area.

The assessment report plays an important role in decision making. Based on it, the lender checks whether the requested loan amount corresponds to the real price of the apartment.

Additional documents

All of the above is true for almost any situation, since the bank assumes that the person definitely has these documents. If something is missing (for example, a second identity document), this issue will also be considered separately. In addition to what has already been listed, if the bank believes that the client is obliged to confirm his income, a certificate of 2 or 3 personal income tax will be needed. In some cases, when the employer for some reason cannot issue such a certificate, it is allowed to provide another similar document, which will indicate all the information as in the 2-NDFL certificate.

If a potential borrower already has a salary card issued by Sberbank, the situation with income confirmation becomes even simpler. The bank independently takes the statement and makes a certificate based on its data. It is important here that the client does not receive his salary anywhere else in another way, since the bank will not be able to use this information without additional documents.

Pensioners will have to provide a certificate from government authorities about how much they receive monthly. In addition, if there are official additional sources of income, you will need to provide documents for them separately.

For example, if the client already has real estate that he rents out, then a lease agreement will be needed.

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.

Standard package

The standard package of documents includes:

Customer profile
. It is issued by the bank. You can also fill it out directly from the financial institution’s website and fill it out in advance.
Passport of a potential borrower
. It must contain a registration mark. Theoretically, the option of lending without registration is allowed (for example, if there is temporary registration), but each such case is considered on an individual basis.
One of the additional documents
can confirm the client’s identity. This can be a military ID, a service ID (for law enforcement officers or military personnel), or a driver’s license. If there is nothing listed above, a foreign passport or insurance certificate (SNILS) will do.

Insurance

Mortgage costs often extend beyond just the monthly payment. Different types of insurance also play a significant role: compulsory and voluntary. The most important of them:

•
life insurance - usually has a voluntary nature, but when issued, it allows the bank to receive compensation under the insurance policy in the event of the borrower’s death before the loan is repaid;
Read also: How to file a complaint about the work of Russian Railways? Hotline number and other methods
•
insurance of real estate against loss and damage - is mandatory, being a guarantee for the bank that, if necessary, the object of the contract will retain its liquidity;
•
Unemployment and disability insurance—borrowers with low creditworthiness or those working in certain industries may sometimes need to take out additional insurance.

Alfa⁠-⁠Bank offers different insurance options when taking out a mortgage loan, depending on the type and status of the property.