Many would like to live in their own apartment. But not everyone has money to pay the first payment. Are there any alternatives and is a mortgage possible without down payment? Moscow banks currently have many different programs that allow people with different desires and opportunities to purchase housing. Therefore, the question that interests many people can be safely answered positively.
An initial fee. Is he needed? For what?
Many people know that the down payment is the difference between the size of the mortgage loan and the value of the acquired property. But not everyone knows that in most cases its size affects the interest rate of the loan. The smaller the payment, the higher the bank’s risk of non-refund. And the smaller the down payment amount, the higher the interest rate.
If you think that no credit institution will give out money with such great risks, you are mistaken. Currently, a real mortgage without a down payment is quite real. Which banks issue such a loan? It all depends on what kind of collateral you own.
Have your own housing? Use to purchase a new one! Mortgage without attachments
Existing real estate may act as collateral when applying for a mortgage. In this case, you will be able to calculate on average an amount not exceeding 70% of its estimated value. The final loan amount will depend on the borrower's income.
Which banks give a mortgage without down payment? On the security of existing housing in the Bank of Moscow, you can apply for a mortgage to purchase an apartment or house. Real estate can be purchased both in the primary and in the secondary market. Loan amount - from 500 thousand rubles to 60% of the value of collateral housing. Moreover, the interest rate depends on the size of the mortgage loan and varies in the range from 13.15% to 15.25%.
Also, on the security of existing real estate, a mortgage loan is ready to be provided by Rosbank. The program "Loan for the purchase of real estate on the security of existing real estate - rubles" allows you to purchase a room, apartment, house or land at a rate of 12.6 to 14.1% per annum. As security, an apartment, an individual house with a land plot or just a land plot can be used. The bank is ready to issue a mortgage for an amount not exceeding 80% of the appraised value of collateral real estate. Rosbank is one of the few that provide loans, the size of which is slightly lower than the cost of existing housing.
In addition, a similar mortgage can be issued at the Housing Finance Bank, Svyaz-Bank, Alfa Bank and many others.
Mortgage without down payment with additional security
There is another possibility of registration - to provide additional security as collateral.
Where can I get a mortgage without down payment by providing a security, for example, a car? At the moment, there are not many such banks. Among them are Economy Bank, Svyaz Bank and Bystrobank.
Gazprombank has a program "Improving Housing." This is a mortgage, the registration of which does not need a down payment, but it has one feature. When drawing up a loan agreement, you are obligated to sell the collateral real estate within 9 months and deposit the money received into the loan account. Moreover, the amount should not be less than 15% of the size of the purchased housing.
Loan registration for down payment
Some banks issue loans under special programs "for a down payment." At the same time, paying off debts, you will pay two loans.
Which banks give a mortgage without down payment, issuing an additional loan instead? In fact, there are not many organizations that are ready to issue a special loan under a mortgage as part of a mortgage. These are DeltaCredit and the Moscow Mortgage Agency. It is best to check this opportunity with a bank consultant in which you would like to apply for a mortgage.
Maternal capital. We use as an initial payment when applying for a mortgage
Improvement of housing is possible with the help of maternity capital. Banks allow you to use it as an initial payment on a mortgage. However, not all credit institutions work with him.
So which banks give a mortgage without down payment, taking maternity capital instead? Of the most famous family capital, VTB24 and Sberbank (at 11% and 14%, respectively) accept the first payment. DeltaCredit Bank has the opportunity to get a mortgage by paying only 5% of the cost of housing.
Not so long ago, the banks NomosBank and Promsotsbank started working with maternity capital, but they managed to attract attention thanks to the loyal conditions for obtaining a mortgage.
Mortgage without first installment in the framework of soft loans
Such a mortgage is possible under the program of soft loans at the expense of state subsidies. But she will not cover the amount of more than 10% of the value of the property. In addition, this program makes it possible to obtain a loan at a reduced interest rate.
Concessional lending is possible if there is a certificate confirming the right to receive subsidies in the indicated amount. This document is issued by the authorized body of the subject of the Russian Federation. The received certificate is valid for six months.
For all banks participating in the program, there is a standard list of documents required when applying for a loan. To participate in soft loans, it is necessary to submit a 2-NDFL certificate for the last six months. The monthly payment should not exceed 45% of the total income of the borrower and co-borrowers.
Which banks give a mortgage without a down payment in the framework of soft loans? Such loans can only be issued by AHML partners. Moreover, each region has its own list of organizations in which loans are given to young teachers. You can choose the right bank on the AHML website.
Mortgage for young teachers
Teachers whose age does not exceed 35 years can count on a mortgage under the soft loan program. The annual interest rate is 8.5% for the purchase of an apartment and 10.5% for the purchase of a private house or apartment during the construction phase.
Which banks give a mortgage without a down payment for young teachers? In Moscow, the list of program partners includes Intercommerts Bank, Petrocommerce Bank, Nadezhny Dom CJSC, Housing Finance Bank CJSC.