2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
Not all residents of our country can buy housing without a mortgage. Especially if the object is located in a large city. In this case, you need to contact banks. Each credit institution offers its own conditions for processing a transaction. Sberbank has great deals.
The procedure for obtaining a mortgage is quite complicated. Often applications are rejected. The reasons for refusal of a mortgage in Sberbank may be different. Often this is due to insufficient income, bad credit history and non-compliance.
Reason for rejection
Not everyone knows how mortgages are approved at Sberbank. The reasons for the refusal can be found out after the decision of the bank. This takes into account the marital status, income, credit history of the client, as well as many other factors. It is important whether a person has property that can be used as a guarantee of payment. If there are any doubts about the borrower, then the refusal of a mortgage in Sberbank should follow.
Why did this happen, the bank did notobliged to report. This is enshrined in Art. 821 of the Civil Code of the Russian Federation, according to which the creditor may refuse a transaction under certain circumstances. But clients need to know the reasons for the refusal of a mortgage in Sberbank. After all, this has an impact on further actions.
Requirements for borrowers
How to find out why Sberbank refused a mortgage? To do this, you need to familiarize yourself with the requirements for borrowers:
- Age. A person must be over 21 years of age at the time of application and cannot be over 75 at the time of last payment.
- Income. It must be official and permanent. A well-paid job is required to apply.
- No criminal record. Otherwise, such customers will not be able to get a mortgage. There is a small chance of a positive outcome with a suspended conviction.
Banks may have other requirements for borrowers. For example, you need to provide the necessary list of documents. In many institutions, a 2-personal income tax certificate is considered mandatory, but not everyone can provide it.
Mismatch
Each institution has its own requirements for borrowers. The reasons for the refusal of a mortgage in Sberbank may lie precisely in this. It may also require at least 6 months of work experience at the last place of work. Sometimes you need a total working time of at least 1 year.
Only if all requirements are met, you can apply for a mortgage loan. Only then can a positive decision be expected.
Insolvency
The cost of real estate is quite high, so the client must have a good income to apply for a mortgage. The average amount across the country varies every year, but now it is about 35 thousand rubles. In some regions, it may be more or less.
Sberbank takes into account the solvency of borrowers. The maximum mortgage payments should not exceed 30% of the income of working people in the family. Subsistence minimums for non-working people are deducted from it. If the income does not fit the required threshold, then the mortgage will be denied. Sberbank has the same reasons for such transactions in 2016 as in previous years.
This can be fixed by increasing the amount of the first payment, which is usually 20%. The larger the amount, the less you have to pay each month. As a result, the amount of payments is reduced to the level required for a positive response from the bank.
Credit history
If a mortgage is refused, Sberbank may not inform about the reasons for such a decision. They may be credit history. If customers paid their loans on time, then they are likely to be approved for a mortgage. When considering an application, all the nuances are taken into account. Reasons for rejection include:
- Delays in payments of loans issued in any financial institution. If there were no timely payments in one structure, very often other organizations refuse to receive a mortgage.
- Recently issued small loans. For example, phone loans. This may raise doubts aboutsolvency of the borrower.
To change your credit history, current loans must be paid on time. Perhaps in the future it will be possible to arrange a mortgage.
Documents
Reasons for refusing a mortgage at Sberbank may be related to incorrectly executed or fake documents. All information that is transmitted to the bank upon application is verified. If false information is revealed, the client will not be issued a mortgage. When filling out an application, certificates should be reviewed, checked for errors, blots.
Men must have a military ID with them, which should indicate the service in the army, the reasons for the delay. If fake documents are used to obtain a loan, then such a person may be blacklisted. Then no financial institution will be able to issue a mortgage. This applies to all documents.
Debts in the tax and traffic police
Why are mortgages denied? Sberbank may not voice the reasons, but customers should be aware that this is due to the presence of a debt to the traffic police or tax.
Therefore, fines and other fees should be paid. You can check their availability and deposit funds through various services - special sites, payment systems, terminals and ATMs. If there are no debts, then you can apply for a loan.
He alth condition
Why did Sberbank refuse a mortgage to a payroll client? This may be due to a mismatchrequirements or insufficient income. Sometimes the refusal is due to a medical condition. Usually, pregnant women, as well as those people who are treated in a hospital for a long period, are not allowed to apply for a mortgage. You will not be able to get a mortgage if you are sick or disabled.
Property liquidity
There are many requirements for collateral. Low liquidity also becomes a reason for refusing to apply for a mortgage. Property appraisal is carried out by experts. The bank must be sure that the mortgage will be paid. In case of non-payment, the property is sold, and the proceeds will cover the debt.
The following requirements apply to real estate:
- location of the facility in the region where branches operate;
- built in 1965 or later;
- object type - comfortable housing;
- no encumbrances, debts, illegal redevelopment.
Usually banks do not provide loans for rooms in communal apartments and hostels. Difficulties arise with objects that are located in remote regions. Sberbank may refuse to issue a mortgage due to inconsistency in the education of the position held, unpresentable appearance, dangerous work.
What to do in case of refusal?
Although the rejection is considered unpleasant for the client, you should not despair. Usually, Sberbank reviews applications, and therefore can make a positive decision in the future. And in order to prevent failure, its cause should be eliminated. For example, get a jobpaid work or find an object at a bargain price.
If the reasons for refusal are in a negative credit history, then it should be corrected. It deteriorates not only due to late payment of loans, but also due to technical errors and inattentive attitude of bank employees. To correct errors, you need to contact the financial institution with the appropriate application. If the client did not pay the loan on time, then he should do it in a timely manner in order to correct the situation. After that, you can re-apply.
You can find new property. The object must meet the requirements of the bank. It should be borne in mind that financial institutions are easier to provide large loans for the purchase of a comfortable apartment than small loans for the purchase of a village house.
Sometimes borrowers use consumer loans to buy real estate. Although the amount may not be enough, it will cover most of the price of the property. To apply for a consumer loan, the borrower needs to provide a few documents compared to a mortgage.
You can apply to other banks. Each organization has its own requirements for customers. If there was a refusal in one, then there may be a positive decision in the other.
If banks do not issue mortgages due to low income, then the borrower has the right to attract additional guarantees, for example, inviting co-borrowers or guarantors. The first can only be close relatives, and the second - we althy individuals. The client can pay a large down payment or provide other materialcollateral values. Then a revision of the decision is possible.
Credit Brokers
Many people turn to mortgage brokers to help them get a mortgage. But keep in mind that you will have to pay a commission for this work.
Broker services are great for:
- citizens who do not have time to collect documents, perform other formalities;
- borrowers who were denied a loan by several organizations.
If the above tips did not help, then you need to remember that loans are also issued to other family members. Perhaps someone is more suitable for the requirements of the bank. For most, a mortgage provides the only way to buy your home, so you need to draw it up responsibly. No need to despair if you refuse, because in the future, you will probably be able to take a loan.
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