How to get a mortgage from Sberbank: step-by-step instructions

Mortgages are scary not only because of the need to repay money over a long period, but also because of the possible complexity of the loan application procedure itself. Before taking out a mortgage from Sberbank, you should study the step-by-step instructions and the features of individual loan products.

The stages of buying an apartment with a Sberbank mortgage look step by step like this:

1. Study of the real estate market, approximate assessment of the value of the selected property, loan size;
2. Analysis of mortgage programs offered by Sberbank;
3. Approximate calculation of the monthly payment, independent assessment of the chances of loan approval;
4. Collecting a package of documents for applying for a loan;
5. Search and collection of documents for the selected apartment upon approval of the loan application;
6. Registration of a transaction for the purchase and sale of an apartment, signing a mortgage agreement, home insurance contracts, health and life insurance contracts for borrowers;
7. Registration of ownership of an apartment, registration of a mortgage.

At each stage there are details that need to be studied in advance; step-by-step instructions for purchasing an apartment with a mortgage will help with this.

Studying the situation on the real estate market

When applying for a secondary mortgage at Sberbank, the step-by-step instructions involve a preliminary study of real estate offers - this is where you should start in order to profitably buy an apartment with a mortgage. This step is necessary, otherwise it will be difficult to decide on the loan amount.

You can take out a mortgage in Sberbank for a new building both from the bank’s partner developers and from other companies. In the first case, the rate may be lower.

When concluding an equity participation agreement with a non-accredited developer, the following are additionally provided:

• extract from the Unified State Register of Legal Entities;
• a document certifying the rights of the authorized person who signed the DDU on the part of the developer;
• building permit;
• documents confirming the status of the land plot - a lease agreement or a certificate of ownership;
• permission to commission;
• act of acceptance and transfer.

Methods for collecting information can be different: you can contact a specialized agency, study publications and instructions for choosing in specialized newspapers, on Internet portals. Sberbank also has a proprietary service for selecting housing both on the secondary market and on the market of new buildings. They also place mortgage applications on the DomClick resource and consult with bank specialists.

Having found out the cost of apartments in the chosen category, you need to evaluate the possibility of paying the down payment with your own funds. According to the instructions of Sberbank, housing lending programs require an initial payment of 15% of the price.

What should I pay for next?

Once the contract is signed and the title is registered, there are only two main expenses remaining - annual insurance renewal and payment of the mortgage itself.

1. Annual insurance .
   The amount of the insurance policy at renewal will decrease depending on the amount of outstanding loans. The borrower should also remember that if he is dissatisfied with the current company, he has the right to change the insurer. Important! Banks do not always remind you to renew your insurance, and some impose penalties. For a policy that is not renewed on time, you will have to pay from 3 to 6 thousand rubles, so it is advisable not to forget about your responsibilities to the bank.
2. Monthly mortgage payment . Monthly payment to the bank is a mandatory condition for the borrower. A repayment calendar is attached to the loan agreement; in addition, you can always find out the amount due in the current month through a hotline or at a branch of the banking structure. Each bank punishes for overdue loans in its own way, but all options come down to additional costs.

Now you know that a mortgage comes with a number of additional financial expenses. Most of them are mandatory items; some can be avoided by choosing a loyal bank or refusing the services of intermediaries. Most of all, the amount required for registration is influenced by the size of the down payment; other costs range from 5% to 10% of the loan amount.

Analysis of mortgage programs

Sberbank offers 6 housing lending products for the purchase of real estate in the primary and secondary markets, for preferential categories of borrowers (young families, military personnel), with the possibility of making a first payment or repaying part of the debt using maternity capital, as well as for the purchase of suburban real estate and the construction of individual Houses.

A rate of 6% or more is offered to young families as part of the “Mortgage with state support for families with children” program. The preference is available to families in which a second or third child is born between December 1, 2021 and December 31, 2022.

For other borrowers, a minimum rate of 7.1% is offered under the “Purchase of Housing under Construction” program. As part of this project, you can purchase real estate on the primary market from developers - sellers - identified by the bank. The maximum possible loan amount is 85% of the contractual or estimated value of the purchased property.

You can buy an apartment on the secondary market on credit at a rate of 8.6% as part of the “For Young Families” promotion. At the stage of choosing a program at Sberbank, you need to clarify all the nuances about a mortgage for an apartment. The size of the rate depends on the availability of a salary project in Sberbank, the amount of the first payment, and the repayment period of the loan taken.

Home sales tax

For residents of the Russian Federation, the general tax rate is 13%. This part of the costs is borne by the seller. But it is not always taxable. According to the innovations of January 2021, those who became the owner more than 5 years ago should not pay tax on the sale of residential space on the secondary market. If you purchased housing before January 2021, then the living space will not be subject to taxation if it has been owned for longer than 3 years.

But it is worth considering a few more cases when, after three years of owning a living space, you can sell it and not pay tax. This is possible if:

• the property was received by gift or will;
• the apartment is privatized;
• living space was received under a rent agreement with a dependent.

The tenure period begins to count from the date specified in the Unified State Register.

Assessing your own chances of getting a loan

You can evaluate the potential possibility of obtaining a loan using the mortgage calculator at Sberbank. By entering data on the income, expenses of the borrower's family, the cost of the loan object, the loan term, the size of the first payment, you can find out the amount of monthly payments and the total overpayment on the loan. The calculator will also show the maximum loan amount that a borrower with a certain income can qualify for.

Calculations on the loan calculator are preliminary; for clarification, you must contact a Sberbank branch. The monthly loan payment should not exceed 50% of the borrower's income.

It is also necessary to take into account the requirements of Sberbank for potential clients. Citizens of the country can apply for a mortgage for an apartment:

• aged from 21 to 75 years at the time of full payment of the loan or up to 65 years, if the borrower did not confirm the fact of employment when filling out the application;
• working at their last place of work for at least 6 months. If the applicant receives a salary not according to the bank’s salary project, then his total work experience over the last 5 years must be at least 1 year.

What costs can you waive?

There are several, at first glance, meaningless expenses that, in principle, can be abandoned. In this case, the creditor will not insist on their completion.

So, additional costs when applying for a mortgage at Sberbank may consist of the following:

• Paying a one-time fee for a reduced mortgage rate (if the borrower has extra money, you can get a certain discount);
• Payment for notary services (if notarization of certificates or consents is required);
• Fee for searching for a suitable property for purchase (if there is free time, the borrower is able to independently find housing);
• Payment for the services of Sberbank lawyers in the event of a need to change the initial terms of the loan (drawing out an additional agreement to the contract is carried out on a reimbursable basis).

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Documents for obtaining a mortgage loan

To apply for a loan, you must provide the following documents to Sberbank:

• application form;
• a copy of the passport of the borrower and co-borrowers;
• a second document, for example, TIN, SNILS, medical policy, international passport, driver’s license;
• certificate of registration at the place of stay, if registration is temporary;
• income certificate in form 2-NDFL, for individual entrepreneurs - tax returns;
• a copy of the Work Book certified by the employer;
• Marriage certificate (if available);
• Child's birth certificate (if available).

If earnings are received as part of the Sberbank salary project, then confirmation of the amount of income and length of employment is not required.

Under the “Mortgage plus Maternity Capital” program, you must provide a certificate certifying the family’s right to receive maternity capital funds, and a document from the Pension Fund confirming the amount of the account balance.

Following internal instructions, managers may require other documents to assess the potential risk of issuing a loan.

The decision to issue a loan is made within 3-5 days and is valid for 60 days.

The procedure for considering applications at Alfa-Bank

To apply for a loan or mortgage at Alfa-Bank, fill out the standard form on the website: enter personal and contact information, region. Enter information about your earnings and select loan parameters. Wait for the application to be pre-approved - it will take no more than two minutes.

Upload electronic versions of documents through the website interface. If you are applying for a mortgage, select a property and an insurance company, and fill out the form. After some time, a bank employee will call you back to inform you of the decision and agree on a visit time to sign the agreement.

Get a consumer loan at a convenient branch or order delivery - a specialist will deliver a card with the required amount to the specified address.

Choosing housing and collecting the necessary documents

Having received a positive decision from the bank and having learned the amount of the approved mortgage, you should actively search for and select the appropriate apartment yourself or with the help of realtors. The requirements put forward by the banking structure for mortgage real estate should be taken into account:

• the building in which the lending facility is located should not be in disrepair, dilapidated, or scheduled for demolition;
• absence of illegal redevelopment;
• availability of all communications.

When an interesting object is found, a preliminary purchase and sale agreement is concluded.

Then the preliminary purchase and sale agreement must be submitted to the bank along with a package of documents for the property, consisting of:

• agreements of purchase and sale, donation, exchange, and so on, that is, documents on the basis of which the seller acquired the right of ownership;
• cadastral passport of the apartment;
• an extract from the Unified State Register and a Certificate of Ownership, if the object was purchased before 01/01/2017, or an extended extract from the Unified State Register, if the registration of the last transfer of ownership occurred after the specified date. The bank accepts extracts from the Unified State Register issued no later than 30 days ago;
• certificate of absence of debt on utility bills;
• a copy of the apartment map;
• photocopy of the seller's passport;
• bank details of the seller's account;
• confirmation of the buyer’s own funds – a receipt from the seller for receiving a certain amount or a certificate from the bank about the availability of funds in the buyer’s account.

When starting to collect the necessary documentation, you need to clarify a number of questions, for example, if:

• the owners of the alienated property are incapacitated citizens, including minors, then the consent of the guardianship authorities will be required;
• the property was purchased by a married seller, then a notarized consent of the spouse to the transaction will be required;
• a share of real estate is acquired, then a notarized refusal of purchase by the owners of other shares is written;
• The sale transaction is carried out by an authorized representative of the home owner; his passport and notarized power of attorney will be required.

Then an assessment of potential mortgage housing is carried out.

You need to imagine what stages future homeowners need to go through, look at the step-by-step instructions on how to apply for a mortgage at Sberbank in order to determine the procedure for receiving papers, because each of them has an expiration date, and their preparation also takes time.

If the documentation for the purchased property is not ready within the time period allotted by the bank, you need to submit a new application for a mortgage loan.

Considering that the seller will not collect any documents without the bank’s consent to provide a loan, it is advisable to simultaneously look for housing and contact the bank with primary documentation and a questionnaire.

Sberbank's security service, according to instructions, examines the documentation and assesses the risk of issuing a mortgage. After this, the decision is communicated to the client, and the process of obtaining a mortgage for the apartment is initiated, step-by-step instructions for which are presented below.

Cost of document preparation

The price is determined taking into account several factors:

• status of the person preparing the paperwork;
• property value;
• contract form.

Simple written form

Current legislation, in particular the Federal Law “On State Registration of Real Estate” of 2015, provides that a transaction for the purchase and sale of an apartment can be concluded in simple written form, provided that the housing has one adult and capable owner.

The paperwork can be completed by:

1. One of the sides. Now there are quite a lot of instructions on this matter on the Internet, there are sample documents. You can simply download one of them and fill it out yourself. There is a danger of choosing an outdated or illiterate sample, the use of which can hide a number of risks and lead to financial losses. If the seller or buyer is legally competent, and the law allows, in a particular case, the transaction to be completed in simple written form, then everything must be done independently. You will be able to save some good money.
2. Realtor. As a rule, people in this category have an established price list. Typically, they charge 1% of the value of the property. But a lower limit for the cost of services is also set. In the regions it is approximately 5 thousand rubles. In the capital it is much higher.
3. Professional lawyer. This could be a lawyer or just a person with a higher education in his specialty. The price of the transaction can be any. The specialist and his client usually individually agree on the amount of remuneration.

It turns out that there is no fixed cost for services if the contract is drawn up in simple written form. With the notary form, things are somewhat different.

Notary paper

According to Art. 333.24 of the Tax Code of the Russian Federation, a notary has the right to take 0.5% of the cost of real estate for registration of a transaction. The price appearing in cadastral documents is taken into account. It is from this value that, by the way, the property tax is now taken. Considering the fact that an apartment can cost 500 thousand, or maybe 20 million, the legislator established:

• The minimum amount paid to the notary cannot be less than 300 rubles.
• Maximum – no more than 20 thousand rubles.

The requirement of the law is quite clear: in one case the notary may receive too little, in another – too much. The legislator does not allow this. If the Tax Code of the Russian Federation did not have such a restriction, then a notary would only need to help sell one piece of real estate worth several million dollars a year, and not work for the remaining 364 days.

Each notary has the right to demand payment for legal and technical services. Their cost is determined by the Notary Chamber of the region. On average, UPTH cost from 2 to 6-7 thousand rubles.

Agreement for the purchase and sale of an apartment under a Sberbank mortgage

The purchase and sale agreement for housing with a Sberbank mortgage, in general, has a standard form. However, it must contain a mandatory mention that part of the cost of housing will be paid using borrowed funds provided by this particular bank, and also that the purchased property will be pledged, and Sberbank will act as the pledge holder.

The document contains the lender's details, but only the buyer and seller sign it.

First, a preliminary purchase and sale agreement is formed and signed, and then the main one. The texts of both documents are not fundamentally different. It’s just that the first one states the intention of the parties to conclude a transaction, specifies the deadlines for its registration, and the second one speaks directly about the purchase. The preliminary agreement is submitted to the bank's internal services for analysis along with a package of documents on the purchased property.

"Optional" additional payments

This word is probably familiar to us from school - this is the name of those lessons that you can attend at will. In the case of banks and the provision of credit, this word has approximately the same meaning, only whether you pay or not is decided not by you, but by the bank’s credit council. So, by turning the corner and going to another bank, you can completely avoid them. We've already talked about some of them above (for example, additional insurance options or costs associated with transferring money), so we won't repeat them.

Checking a mortgage loan facility

Usually banks ask you to pay it if you buy an apartment in a building under construction. The argument goes: we must be confident in the reliability of the construction company. But why the client should pay for this (and a considerable amount, from 4.5 to 15 thousand rubles) is completely unclear.

Loan processing fee

Indeed, not so long ago, even if you received a loan refusal, you had to pay for the consideration of your application, and again for a second one. Today, such payments are practically not used anywhere, but we simply have to warn you that this is possible.

Costs when applying for a mortgage at Sberbank in 2021

Among the main expenses of borrowers are the following:

1. state duty when applying to the MFC or Rosreestr - 2,000 rubles when purchasing housing on the secondary market and 350 rubles for pre-sale housing;
2. notary services, if the transaction is carried out through him - from 1% of the transaction amount. If necessary, they pay for drawing up powers of attorney - about 1000 rubles;
3. assessment of the purchased object – from 2000 rubles;
4. realtor services – from 35,000 rubles. More often than not, this expense item is included in the price of housing, and the seller pays this specialist;
5. insurance contract for the purchased property – from 0.15% of the loan amount;
6. personal insurance of the title co-borrower – from 1%. This type of protection is voluntary.

To reduce debt servicing costs, you can take advantage of discounts on mortgage programs provided by the bank:

• 1% when taking out life and health insurance;
• 0.1% for electronic transaction registration. The cost of the service is 6,700 rubles. The state fee for registration will be 175 rubles;
• 2% when purchasing housing from an accredited developer;
• 0.3% when purchasing certain real estate properties presented on the Dom Click website from Sberbank.

The size of the down payment affects the interest rate on the loan: the higher it is, the less interest will be paid on the mortgage.

Expenses during calculations

Price: from 600 to 3,000 rubles for renting a locker, using a letter of credit or a nominal account; transfer fee depends on the amount and bank conditions.

As a rule, settlement of a mortgage transaction is made using a letter of credit, or less often, using a safe deposit box. But no matter what you use, you will still have to pay for the rental of one or the other.

Sometimes the seller insists that the money be transferred to his current account. Moreover, this account can be opened in another bank, which means the borrower’s bank will take some amount for transferring money to a third-party credit organization. The price for this service will depend on the amount of transfer and the bank’s appetite.

When is the down payment made on a Sberbank mortgage?

The down payment for a mortgage usually comes from the future homeowners' own funds. Most often this amount is divided into 2 parts.

The first is an advance or deposit. In the first case, if the transaction does not take place for one reason or another, the entire amount is returned to the buyer. In the second case, if the buyer is the culprit for abandoning the home, then the money remains with the seller, and if the seller, then he compensates the second party for the deposit in double the amount.

The amount of the first part of the advance is determined by agreement between the parties. More often this is an amount in the range of 50,000-100,000 rubles. It is handed over to the seller upon signing the preliminary purchase and sale agreement.

The second part is given on the day of registration of the transaction, when the main purchase and sale agreement is drawn up. The loan documentation is signed on the same date.

Each transfer of money must be accompanied by the signing of the relevant papers.

If we are talking about cash, then the necessary inscriptions are made on the purchase and sale agreements (both preliminary and main). Additionally, specifically for Sberbank, they write a receipt confirming receipt of funds. It is advisable that the seller write it personally and sign it only in the presence of the buyer.

If a non-cash transfer is intended, then a bank document confirming the fact of transfer of money is sufficient.

Refund of money spent on tax payment

If you spent money by paying tax on the purchase of property, you can get it back. This allows you to do this with a tax benefit (in another way it is usually called a “tax deduction”). This privilege will allow the taxpayer to recover a certain amount.

To calculate, you need to know when you purchased the apartment and how much it was sold for. For living space purchased after January 1, 2014, the maximum sale amount for a refund is calculated within 2 million rubles. That is, the acquirer has the right to return the money - 13% of 2 million rubles, which is 260 thousand rubles. If the property is taken out under mortgage lending, the return amount is calculated at a maximum of 3 million rubles (390 thousand rubles).

When Sberbank transfers mortgage money to the seller

The relevant authorities have 5 working days to complete registration actions regarding mortgage transactions. After their expiration, the buyer must receive registration documents, enter into the necessary insurance contracts and provide the resulting package of documentation to the bank.

After this, the loan application is signed. At the same time, an application is submitted to transfer these funds to the seller to the account whose number is specified in the purchase and sale agreement.

In order not to lose on commissions when receiving funds, it is beneficial for the seller to have an account in the same regional bank in which the buyer receives the loan. When transferring funds to another region or to another bank, the seller will have to pay a commission fee.

It is possible to receive final payment in cash. Then the funds will be received on the day the transaction is completed, before visiting the registration authority. But they will be placed in a safe deposit box, and the money can be withdrawn only after the purchase and sale agreement has been registered, that is, after the same 5 working days.

Why additional costs are needed?

When a person takes out a mortgage loan, he receives money secured by that apartment. Which he buys. This is possible because from the very beginning the bank buys a home for him and makes him the owner.

This apartment is not entirely his property. For example, he cannot sell or give it away. The situation will change only after he pays off the mortgage in full.

However, you need to remember that the bank invested money and wants not only to return it, but also to make a profit in the form of interest. It must be taken into account that the payment may take place over tens of years. During this time, the financial situation of the borrower may change or something may happen to the apartment. In the first case, he will not be able to pay contributions in full, and in the second, the collateral will lose part of its value.

Therefore, the bank must protect its investments. Additional costs for a mortgage are aimed at meeting the relevant requirements of the bank. What you need to pay for will be discussed in detail below.