The procedure and stages of obtaining a mortgage in Sberbank

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

Mortgage for many families is considered the only option for buying their homes. The transaction process includes several steps. It is important to prepare for them in order to fulfill everything according to the norms of the law. The stages of obtaining a mortgage in Sberbank are almost the same as in other credit institutions.

How is the procedure done?

Making out a mortgage for a primary home does not take too long compared to a secondary one. You just need to choose a developer who works under the programs of Sberbank. The object of purchase is taken as a pledge, and the funds are transferred for the purchase of housing.

If you buy real estate from previous owners, that is, on the secondary market, then you will have to make a more difficult mortgage in Sberbank. The steps in this case may be slightly different.

Where does the design begin?

It is necessary to analyze in detail the programs offered to clients. It is necessary to focus on the requirements put forward to the borrowers. Only if you comply will it be possible to go through the stages of obtaining a mortgage inSberbank.

Requirements include:

• Achieve 21 years old, but not more than 55 years old on the date of issue.
• State registration at the place of loan issue.
• Minimum 1 year of work experience over the past 5 years, and at least six months in the last position.

Other banks have the same requirements, but there may be additional conditions. Usually they are recognized through the website or from a specialist.

Studying the real estate market

To go through all the stages of obtaining a mortgage at Sberbank, you must first study the real estate offers. This will determine the amount of the loan that will need to be written in the application.

Information can be obtained through specialized agencies, by studying publications in newspapers, on Internet sites. When the price of housing is known, it will be possible to assess the possibility of paying the first installment with your own funds. Many programs require a down payment of 10-20%. The larger this amount, the lower the bet.

Program analysis

You must select a program to apply for a mortgage at Sberbank. The following steps should be performed only if the loan conditions are completely satisfactory. Sberbank offers 8 mortgage products in the primary and secondary markets. There are programs for young families, military personnel, with state support. You can also use maternity capital money.

The most favorable rate is offered by the Mortgage with State Support program - 11.9%. According to it, you can buy housing in the primary market from specific developers. The maximum mortgage amount is 8 million rubles for the purchase of real estate in Moscow, the region, St. Petersburg. In other settlements, the maximum is 3 million rubles.

To take housing in the secondary market will be obtained on credit at a rate of 12.5%. Its size is determined depending on participation in the salary project in Sberbank, down payment, payment time.

Evaluation of material opportunities

Before you go through all the stages of obtaining a mortgage in Sberbank, you need to assess your capabilities. This will help determine whether the financial situation allows you to issue and repay a loan. You can use the calculator that is on the site.

You need to specify information about income, expenses, the cost of the object, specify the term, the amount of the first payment. After the calculation, you can find out the amount of payments, overpayment. The calculator will give you the maximum loan amount that a borrower can take out based on their income. Calculations are considered preliminary, therefore, more accurate information should be obtained from the branch of Sberbank. The client's payment must not exceed 50% of his income.

List of documents

To go through the stages of obtaining a mortgage at Sberbank in a new building, you need to submit an application to the branch. The following documents are required along with it:

• Copy of passport.
• TIN.
• Registration certificate.
• Proof of income.
• Copy of work book.
• Marriage certificate.
• Child's birth certificate.

Other documents may be required. Consideration of the application takes place within 3-5 days. The decision is valid for 60 days.

Property selection

If a positive decision is made, mortgages for secondary housing can be processed. Sberbank intends to carry out the stages the same as for primary real estate. With the approval of the application, there will be a known amount, which the client should be guided by when choosing an object.

You can search for housing on your own or use the help of re altors. You should rely on the requirements that the bank imposes on real estate:

• It should not be emergency, decrepit or scheduled for demolition.
• Compulsory presence of communications.
• There should be no illegal redevelopment.

Only then it is possible to arrange real estate on credit. The bank offers to choose objects from partners, since then the application will most likely be approved.

Property documentation

When a property is selected, a preliminary contract must be concluded with the owner. Documentation for the object must be submitted to the bank:

• Purchase agreement.
• Registration certificate of housing.
• Extract from USRR.
• Confirmation of the absence of debt for utility bills.
• Copy of passportseller.
• Copy of personal account.

Sberbank's security service is studying the documentation, assessing the risk of granting a mortgage. Then the appraisal is carried out. Then a decision is made, the lending procedure is initiated. After that, the following stages of obtaining a mortgage at Sberbank can be performed. When do they call borrowers on DDU? The decision on the application with an agreement for participation in shared construction is reported after its consideration.

Use of maternity capital

All families after the birth of their second child can receive maternity capital. It is used for the mother's pension, education and housing improvement. The stages of obtaining a mortgage in Sberbank under maternity capital are the same as with a standard registration. It is only necessary to indicate this in the application, as well as provide confirmation of the use of such a right.

With the help of maternity capital, it will be possible to make the first installment on the issued loan. They are used for building, renovating a house and paying the price of a purchase agreement. Only then it is necessary to wait for the child to reach the age of three. The certificate can be used to pay principal and interest on a mortgage. In this case, you do not need to wait for the child's third birthday.

To use the maternity capital to pay the down payment after receiving the loan agreement, it is important to contact the Pension Fund, apply for the disposal of money to pay the mortgage. The application is considered within one month, and two more are spent onbank transfer.

Purchase and Sale Deal

When the stages of obtaining a mortgage at Sberbank for housing under construction are completed, a sale and purchase transaction is executed. It will be necessary to sign contracts: for renting a cell in a bank, for sale and purchase, for obtaining a loan from a bank.

When these documents are drawn up, the payment for the purchased property is performed: the borrower makes the first payment, which is transferred to the seller's account, or the funds are transferred to a rented safe deposit box. The bank transfers or gives out mortgage funds in cash. The money will be available to the seller after drawing up a document of acceptance and transfer of real estate, processing and registration by the borrower of the purchased object.

Registration of rights

At the end, the borrower needs to arrange housing for himself. Ownership is registered in Rosreestr. As confirmation, a certificate for the purchased property is issued. Then you need to draw up an agreement on personal insurance, as well as on collateral insurance.

After that, the transaction is considered to be fully completed. The property becomes the property of the borrower. Making a mortgage allows you to get your own housing for those who do not have the opportunity to purchase it immediately at full cost. It remains only to pay for it on time.