Can I get a mortgage without a down payment at Sberbank?

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

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. According to the current mortgage lending programs of Sberbank, in order to receive a loan, you need to have 15-25% of the cost of housing. Families who do not have savings are naturally wondering if it is possible to take out a mortgage without a down payment at Sberbank.

How to get a mortgage without a down payment

Unfortunately, there are no housing loans in Sberbank without initial investment, and this is quite understandable. Banks don't want to take the risk of issuing a loan for the entire value of the property. Indeed, in case of non-payment, it is unlikely that housing will be able to be sold at auction at the market price.

But there are still options for how to get a mortgage without a down payment at Sberbank:

• federal mortgage program for young families;
• maternity capital mortgage;
• refinancing;
• military mortgage.

Federal Mortgage Program

The state program to support young families allows you to take a mortgage without a down payment in Sberbank. It is intended for couples where one of the spouses or both are not older than 35 years. Also for one parent with a child (with the same condition). The family must be on a special housing improvement list.

Under the terms of this program, a subsidy from the state is required in the amount of 35% or 40% of the cost of purchased housing. 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 government assistance can be used in lieu of initial savings.

If the family meets the requirements of the state program "Providing housing for young families", this will be the best way to get a mortgage without a down payment in Sberbank. The loan rate will be from 10.5% per annum, the loan amount will be up to 8 million rubles, the loan term will be up to 30 years.

Mortgage with maternity capital

Another option on how to get 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 cost of housing purchased with a loan.

The term of the loan, as in most other programs, is up to 30 years. The loan amount ranges from 300 thousand to 15 million rubles. Interest rate - from 12.5% per annum.

This option is the most popular of all the ways to get a mortgage without a down payment at Sberbank. Reviews say that it is quite real.

Military mortgage

Available only for members of the special military housing system. 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 out 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 lending 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 refinancing, customers receive a mortgage in the country's largest bank for up to 30 years at a favorable rate of 13.75% per annum with convenient payment terms.

At the same time, refinancing is oneone of the few options on how to get a mortgage without a down payment at Sberbank for one person.

Requirements for borrowers

Customers wishing to take out a mortgage without a down payment at Sberbank must meet certain requirements:

• age from 21 to 75 years old (young families - up to 35 years old, borrowers without proof of income - up to 65 years old);
• total experience of one year, duration of work in the last place for at least six months;
• men under 27 should not be drafted.

Property requirements

The acquired property must not be pledged in favor of third parties. Ownership of it must be officially registered with Rosreestr.

Requirements for different types of property also apply.

If we are talking about a building, then:

• wear should not exceed 40%;
• age - no more than 45 years old;
• five or more floors;
• condition must be non-emergency;
• the house is not wooden and not a barracks type;
• mixed floors, metal or reinforced concrete;
• brick, stone or reinforced concrete foundation;
• location in a village with an operating branch of Sberbank.

Apartment:

• mandatory systems of electricity, heating, water supply;
• basement and basement floors are unacceptable;
• re-plannings must be officially registered;
• separate kitchen and bathroom;
• doors, windows, roof and plumbing must be in good condition.

Residential building with land:

• location in a 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;
• let's say a stone, brick, reinforced concrete or cement foundation;
• type of use according to property documents - for individual housing construction or summer cottage construction;
• unfinished objects must be registered with the Regpalat.

Package of documents

Client documents:

• profile of an individual or individual entrepreneur for a loan;
• passports of borrowers, spouse(s), co-borrowers;
• marriage certificate or statement that the client is not married;
• children's birth certificates;
• each co-borrower needs a proof of relationship;
• certificate of employment;
• document on average monthly income for the last six months;
• certificate for receiving maternity capital and a document from the Pension Fund confirming its balance.

Documents for the acquired property:

• documents confirming ownership;
• documents-bases of ownership;
• extract from the USRR that the property is not encumbered with collateral;
• independent real estate valuation;
• cadastral and technical passports;
• permission of guardianship authorities;
• Spouse's consent to bail.

Documents for a plot of land and a private house:

• property documents;
• property documents;
• cadastral and technical passports for the house;
• documents for construction in progress (if available);
• extract from the USRR that the land and the house are not mortgaged;
• cadastral passport of a plot of land;
• assessment of the market value of the land and the house by an independent expert;
• consent of the spouse (s) to pledge the land plot and real estate on it to the bank;
• certificate from the guardianship department on the possibility of bail.

Thus, the possibility of buying 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 a down payment at Sberbank for a specific client, those who wish should personally contact the bank branch for a consultation with a specialist.