Which banks give mortgages without a down payment? Where can I get a mortgage without a down payment?

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

Many would like to live in their own apartment. But not everyone has the money to make the first payment. Are there any alternatives and is it possible to get a mortgage without a down payment? Moscow banks currently have many different programs that allow people with different desires and abilities to purchase housing. Therefore, the question of interest to many people can be safely answered in the affirmative.

Down payment. Is he needed? For what?

The fact that the down payment is the difference between the amount of a mortgage loan and the value of the property being purchased is known to many. But not everyone knows that in most cases its size affects the interest rate of the loan. The smaller the payment, the higher the bank's risk of non-repayment of funds. And the smaller the down payment, the higher the interest rate.

If you think that no credit institution will issue money with such great risks, you are mistaken. Mortgage withoutdown payment. What banks issue such a loan? It all depends on what kind of collateral you own.

Do you have your own housing? Use to buy a new one! Mortgage without investments

Existing real estate can act as collateral for a mortgage. In this case, you will be able to count on average for an amount not exceeding 70% of its appraised value. The final loan amount will depend on the income of the borrower.

Which banks give mortgages without a down payment? On the security of existing housing in the "Bank of Moscow" you can apply for a mortgage to buy an apartment or house. Real estate can be purchased both on the primary and secondary markets. Loan size - from 500 thousand rubles to 60% of the cost of mortgaged housing. At the same time, the interest rate depends on the size of the mortgage loan and varies from 13.15% to 15.25%.

Also, secured by existing real estate, a mortgage loan is ready to be provided by Rosbank. The program "Loan for the purchase of real estate secured by existing real estate - rubles" allows you to purchase a room, apartment, house or land at a rate of 12.6 to 14.1% per annum. An apartment, an individual house with a land plot, or just a land plot can be used as security. The bank is ready to issue a mortgage for an amount not exceeding 80% of the assessed value of the mortgaged property. Rosbank is one of the few that provide a loan, the amount of which is not much lower than the cost of existing housing.

Exceptof this, such a mortgage can be issued at the Housing Finance Bank, Svyaz-Bank, Alfa-Bank and many others.

Mortgage without down payment with additional security

There is one more possibility of registration - to provide additional security as collateral.

Where can I get a mortgage without a down payment, providing a mortgage, for example, a car? At the moment, there are not many such banks. Among them are Economy Bank, Sviaz Bank and Bystrobank.

In "Gazprombank" there is a program "Improvement of living conditions". This is a mortgage that does not require a down payment, but it has one feature. When drawing up a loan agreement, you undertake to sell the collateral real estate within 9 months and pay the received money towards the loan. In this case, the amount should not be less than 15% of the size of the purchased housing.

Applying a loan against a down payment

Some banks issue loans under special programs "for a down payment". At the same time, when paying off debts, you will pay on two loans.

Which banks give mortgages without a down payment, issuing an additional loan instead? In fact, there are not so many organizations that are ready to issue a special loan for a down payment within the framework of a mortgage. it"DeltaCredit" and "Moscow Mortgage Agency". It is best to clarify this possibility with a consultant of the bank in which you would like to apply for a mortgage.

Maternity capital. We use it as an initial payment when applying for a mortgage

You can improve your housing situation with the help of maternity capital. Banks allow you to use it as a down payment on a mortgage. However, not all credit institutions work with him.

So which banks give mortgages without a down payment, taking maternity capital instead? Of the most famous family capital, VTB24 and Sberbank are accepted as the first payment (at 11% and 14%, respectively). DeltaCredit Bank has the opportunity to get a mortgage by paying only 5% of the cost of housing.

Not so long ago, banks "NomosBank" and "Primsotsbank" began to work with maternity capital, but they have already managed to attract attention, thanks to loyal conditions for obtaining a mortgage.

Mortgage without a down payment under concessional lending

Such a mortgage is possible under the program of concessional lending at the expense of a state subsidy. But it will not cover more than 10% of the property value. In addition, this program makes it possible to obtain a loan at a reduced interest rate.

Preferential lending is possible with a certificate confirmingthe right to receive a subsidy in the specified amount. This document is issued by the authorized body of the subject of the Russian Federation. The received certificate is valid for six months.

For all banks participating in the program, there is a standard list of documents required when applying for a loan. To participate in concessional lending, you must submit a 2-NDFL certificate for the last six months. The amount of the monthly payment should not exceed 45% of the total income of the borrower and co-borrowers.

Which banks give mortgages without a down payment as part of concessional lending? Such loans can only be issued by AHML partners. Moreover, each region has its own list of organizations that issue loans to young teachers. You can choose a suitable bank on the AHML website.

Mortgages for young teachers

Teachers under the age of 35 can apply for a mortgage under the concessional loan program. The annual interest rate is 8.5% when purchasing an apartment and 10.5% when purchasing a private house or apartment under construction.

Which banks give mortgages without a down payment for young teachers? In Moscow, the list of program partners includes Bank Interkommerts, Bank Petrocommerce, CJSC Nadezhny Dom, CJSC Housing Finance Bank.