Mortgage loan is currently the most common option for buying a home. However, as a rule, initial savings are required to obtain a housing loan. Under existing mortgage lending programs of Sberbank, to obtain a loan you need to have 15-25% of the cost of housing. Families who do not have savings naturally ask themselves whether it is possible to take a mortgage without a down payment at Sberbank.
How to get a mortgage without a deposit
Unfortunately, Sberbank has no housing loans without initial investments, and this is understandable. Banks do not want to take risks by issuing a loan for the entire value of the property. Indeed, in the event of non-payment, it is unlikely that housing will be able to be sold at auction at a market price.
But still there are options for taking a mortgage without a down payment at Sberbank:
- federal mortgage program for a young family;
- mortgage with maternity capital;
- refinancing;
- military mortgage.
Federal Mortgage Program
The state program for supporting young families allows you to take a mortgage without an initial payment at Sberbank. It is intended for couples where one of the spouses or both is not older than 35 years. Also for one parent with a child (with the same condition). The family should be on a special housing improvement list.
Under the terms of this program, a state subsidy of 35% or 40% of the cost of purchased housing is required. In 2016, the subsidy will be about one million rubles if there are two children in the family, 800 thousand rubles for a family with one child, about 600 thousand rubles if there are no children. This state aid can be used instead of the initial savings.
If the family meets the requirements of the state program “Housing for young families”, this will be the best way to take a mortgage without an initial payment at Sberbank. The loan rate will be from 10.5% per annum, loan size - up to 8 million rubles, loan term - up to 30 years.
Maternity Mortgage
Another option, how to take a mortgage without a down payment is to use maternity capital instead of savings. This method can be used to purchase both secondary housing and apartments in new buildings and in houses under construction. Maternity capital funds must cover at least 15% of the value of a home-acquired loan.
The loan term, as in most other programs, is up to 30 years. The size of the loan is from 300 thousand to 15 million rubles. Interest rate - from 12.5% per annum.
This option is the most popular of all ways to take a mortgage without a down payment at Sberbank. Reviews say that it is quite real.
Military mortgage
It is provided only to participants in a special housing system for military personnel. Under this program, it is possible to purchase housing under construction, as well as an apartment, a residential building with land, a room or a townhouse on the secondary market.
This housing loan is a real opportunity for the military to take a mortgage without a down payment at Sberbank. Under the military mortgage program, you can get up to 1.9 million rubles for up to 15 years.
Mortgage Refinancing
The loan refinancing service is quite widespread at present. In addition to the fact that it allows you to get more comfortable credit conditions, it is also an opportunity to take a mortgage without a down payment at Sberbank. Feedback from users of this service is often positive. This is understandable, because when re-lending, customers receive a mortgage in the largest bank in the country for a period of up to 30 years at a favorable rate of 13.75% per annum with convenient payment terms.
At the same time, refinancing is one of the few options on how to take a mortgage without an initial contribution to Sberbank to one person.
Borrower Requirements
Clients wishing to take a mortgage without a down payment at Sberbank must meet certain requirements:
- age from 21 years to 75 years (young families - up to 35 years, borrowers without proof of income - up to 65 years);
- total experience of one year, duration of work in last place for at least six months;
- Men under 27 years old should not be subject to draft.
Property Requirements
Acquired real estate should not be pledged in favor of third parties. Ownership of it must be officially registered with the authorities of the Federal Register.
There are also requirements for different types of real estate.
If we are talking about the building, then:
- wear should be no more than 40%;
- age - no more than 45 years;
- five or more floors;
- the condition must be non-emergency;
- the house is not wooden or barracks;
- mixed floors, metal or reinforced concrete;
- the foundation is brick, stone or reinforced concrete;
- location in the village with the current branch of Sberbank.
Apartment:
- Mandatory systems of electricity, heating, water supply;
- basement and basement floors are unacceptable;
- redevelopment must be officially registered;
- separate kitchen and bathroom;
- doors, windows, roof and plumbing must be in good condition.
Residential building with land:
- location in the village with a developed infrastructure system, there should be other residential buildings nearby;
- access to the house and the possibility of living throughout the year;
- Mandatory system of electricity, heating, water supply, communications failed;
- let's say a stone, brick, reinforced concrete or cement foundation;
- type of use according to documents on property - for individual housing construction or summer house construction;
- unfinished objects must be registered in Regpalat.
Package of documents
Client Documents:
- application form of an individual or individual for obtaining a loan;
- passports of borrowers, spouse (s), co-borrowers;
- marriage certificate or a statement that the client is not married;
- birth certificates of children;
- each co-borrower needs a document confirming kinship;
- certificate of employment;
- document on average monthly income for the last six months;
- certificate for receiving capital and a document from the Pension Fund confirming its balance.
Documents for the acquired property:
- documents confirming ownership;
- documents based on ownership;
- extract from the Unified State Register that real estate is not encumbered with a pledge;
- independent valuation of real estate;
- cadastral and technical passports;
- permission of guardianship authorities;
- consent of the spouse
Documents for a plot of land and a private house:
- property documents;
- documents based on property;
- cadastral and technical passports for home ;
- documents for construction in progress (if any);
- extract from the Unified State Register that the land and the house are not mortgaged;
- cadastral passport of a land plot;
- assessment of the market value of the plot and the house, performed by an independent expert;
- the consent of the spouse (s) to pledge to the bank a land plot and real estate on it;
- certificate from the department of guardianship about the possibility of collateral.
Thus, the ability to purchase real estate without initial savings is not available to everyone. In order to find out exactly whether it is possible to take a mortgage without an initial payment at Sberbank to a specific client, those who wish should personally contact the bank's office for consultation with a specialist.