Housing loan: conditions, application for receipt

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Housing loan is one of the main ways to buy a home in our country. The opinion is justified that banks provide it on almost the same terms. The difference is only in the nuances. Consider some of the provisions of the mortgage in Sberbank and the procedure for filling out the questionnaire.

A little about the credit system

Does it matter where you get a home loan? Depending on what point of view to look. Regardless of the bank, the interest rate is almost the same. The minimum and maximum rates are regulated by the Central Bank. Within the given paradigm, credit institutions have the right to make a choice.

Also, the Central Bank issues orders, recommendations, letters, which one way or another must be executed by banks. Thanks to this, the lending system is kept within a single framework. How they meet the needs is another matter.

In addition to the documents of the Central Bank, the regulatory system is created by specialized laws, of which the subject touches on:

• mortgage law;
• banking and banking law;
• consumer credit law.

Why the purchase of new objects is credited

Housing loan, as they say on many portals, is a loan that is given to buy a home. Despite the provisions of a number of laws, this includes not only the actual mortgage law. However, a targeted loan for the purchase of housing by banks is given exclusively within the framework of a mortgage. Note that all programs are aimed at acquiring new housing. Objects classified as secondary housing are not within the scope of citizens' interests.

There are several reasons for this:

• a home loan is risky for a bank, and a new house is easier to sell;
• new houses or apartments do not carry the risks associated with the previous owners (illegal transactions that infringe on the rights of former owners or their heirs in the past can seriously affect the new owners);
• precluded the inclusion of the house in the program of demolition of dilapidated or dilapidated housing.

Due to the latter factors, fulfilling the conditions of a home loan is available to a limited number of citizens.

What programs are offered by banks

Let's take Sberbank as an example, which takes part in all government programs. In addition, it offers a standard list of loans for citizens. No one else has a wider list of programs.

Mortgages for large families

Government backed home mortgage loan includes the following terms:

• loan amount up to 8 million rubles;
• rate 6%;
• loan agreement term up to 30 years.

Acquisitionreal estate from the developer

Purchasing housing under construction from a developer from a bank or suitable for its criteria:

• amount from 300 thousand rubles;
• loan agreement term up to 30 years;
• rate 7.4%.

Purchasing a home with maternity capital

Mortgage with maternity capital. Sberbank is among the organizations that are allowed to work with state social support funds:

• amount from 300 thousand;
• loan agreement term up to 30 years;
• rate 8.9%;
• no additional fees or charges.

Refinancing program

Program for refinancing mortgage programs of both Sberbank and other organizations:

• minimum amount 1 million rubles;
• loan agreement term – 30 years;
• rate 9.5%;
• no fees.

Construction loan

On what terms is a construction loan issued?

• minimum amount 300 thousand rubles;
• loan agreement term – 30 years;
• rate 10%;
• no fees.

Participation in this loan program requires an agreement with the developer and a project and all related documentation.

Country real estate

The Bank provides an opportunity to participate in the program on the following terms:

• minimum amount 300 thousand rubles;
• loan agreement term – 30 years;
• rate10%;
• deposit in favor of the bank before obtaining a loan 25%.

The contribution rate may be higher.

The loan pays for both construction and the purchase of ready-made real estate.

Military mortgage

The program consists of the following conditions:

• limit amount up to 2.33 million rubles;
• maximum loan term up to 20 years;
• rate 9.5%;
• bank does not require proof of solvency.

Providing a loan secured by real estate

Program conditions:

• maximum amount 10 million;
• loan agreement term up to 20 years;
• minimum rate 12%;
• no additional payments to the bank.

Resale Housing Programs

Terms for purchasing an object on the secondary market:

• minimum amount 300 thousand rubles;
• loan agreement term – 30 years;
• rate from 8.6%.

Usually, citizens, wishing to get a "housing loan in Sberbank", do not take into account the wording of the presence in the wording of the conditions on the interest rate of the particle "from". This means that the size of the bet will be higher than they expected. In the case of a mortgage, even a one percent difference in terms of monthly payments is significant.

Loan procedure

Acquisition of a bank loan is a chain of actions, the first of which is the submission of a housing loan application form. It serves as the mainsource of information about the client, not counting the documents attached to it.

What documents are attached

Their list is determined by the loan product that the client wants to use. For some of them, only two papers are required: a questionnaire and a passport. The lack of sufficient information is replaced by an increased amount of the down payment.

The standard list includes:

• copy of the passport of the applicant and other persons (co-borrower, guarantor, etc.);
• military ID (for those under 27);
• certificate of income from employment for the last six months (two certificates if working in two places at the same time);
• certificate of the amount of the pension assigned for life from the PF department;
• copy of work book, contract confirming the fact of labor relations or other source of income.

Persons who receive money on a Sberbank card get rid of the obligation to provide documents confirming income.

Filling procedure

A client can fill out an application or questionnaire for a home loan both at the branch and at home, independently. However, it is easier for many to use the services of a bank specialist who is able to explain the nuances. Not every citizen is constantly faced with filling out this kind of documentation.

Questionnaire items

Below, we will consider what items the questionnaire consists of:

• in the top line enter information about the borrower (last name, first name,patronymic), regardless of who fills out the questionnaire (second borrower, guarantor);
• in the next field enter the name, surname, patronymic of the person filling out the questionnaire;
• information about the citizen's passport (series, number, by whom and when issued) in the questionnaire information about the passport is also indicated;
• date and reason for changing the last name, first name and patronymic;
• in the contacts field, enter all phone numbers by which you can keep in touch with the client, as well as the email number, if any;
• items on education and family;
• in the next field enter the place of residence indicated in the passport and real;
• surnames, first names and patronymics of family members living directly with the applicant (the degree of relationship is also entered);
• point on employment, other official income;
• expense details;
• information about the income and expenses of the whole family;
• lending purposes (investment, construction);
• is the borrower subject to special conditions;
• presence of real estate and car ownership, if any.

In an application for a housing loan at Sberbank, it is proposed to indicate your participation in the bank's salary projects, receiving pensions or social benefits through its branches.

In the questionnaire, the borrower writes how much he claims, what kind of property he wants to purchase. It is worth indicating the willingness to pay the first installment or the amount that is available for this. The Credit Committee calculates loan amounts in such a way that no more than half of the total income of the borrower's family will go to repay it.

The application is ticked confirming the consent of the person to the processing of his personal data.

From time to time, the bank changes the questionnaire and the rules for filling it out, but the changes made cannot be called critical.

In closing

Persons wishing to borrow money to buy a home can take advantage of the proposed programs of banks. The most attractive is Sberbank. Its activities are aimed primarily at consumer citizens.

They are offered different options, you can even try to buy an object on the secondary market, but additional guarantees will be required, and the bank will issue a loan with a higher rate.

Isn't it easier to use a consumer loan? The rate on them is much higher, but there is no need to provide the bank with a down payment.