The expert told how to get a mortgage for a house with land in 2021, what conditions banks offer

Living in your own home is the dream of many Russians. And with the development of home purchase lending programs, it is becoming increasingly feasible. But a mortgage on a house with a plot has pitfalls, which are often not realized by those who plan to apply for it.

What difficulties do you most often encounter when buying a house with a plot on a mortgage? What programs do Russian banks offer? Who will be denied a targeted loan? And how can you increase your chances of getting it? FAN asked these questions , Tatyana Reshetnikova .

Which banks provide a mortgage for the purchase of a summer house?

To reduce the time spent searching for organizations that provide a mortgage for the purchase of a summer house, you can refer to the table below.
We have collected the best offers on the Russian banking market. Mortgage for the purchase of a summer house in banks

Loan “Collateral Loan+” Norvik Bank (Vyatka Bank), Person. No. 902

from 8.8%

per annum

up to 8 million

up to 20 years

Get a loan

The lowest rate is offered by Rosselkhozbank. But you need to take into account that this is a special preferential program for purchasing a house in rural areas - a rural mortgage for a dacha. The Ministry of Agriculture of the Russian Federation provides subsidies to the bank for favorable conditions.

In all other banks the conditions are approximately the same:

• rate from 8%;
• term up to 30 years;
• the maximum amount depends on the solvency of the bank and the estimated cost of housing (no more than 70-80%);
• down payment – ​​from 20% to 80% (depending on the liquidity of the collateral).

Recommendations for design

When planning to buy a house with a plot on credit, you must first choose an object that suits you. And taking into account its features, select a bank and a mortgage program. The procedure itself is no different from mortgage programs for apartments. The borrower needs:

• obtain loan approval;
• coordinate the property with the bank;
• carry out an assessment of the object.

Some banks do not require an appraisal if the purchase requires less than 1.5 million rubles. If everything is in order, an agreement will be signed with the borrower and the required amount will be allocated.

If banks persistently refuse, it is worth considering other lending options. For example, taking out a consumer loan or a non-target loan secured by a city apartment. If you don’t have your own home, you can attract co-borrowers - third parties. These could be parents or close relatives who have an apartment and are ready to become mortgagors when signing a mortgage agreement.

Often these methods become the only way to obtain a housing loan. And they also have a number of advantages over mortgage programs for the purchase of a house with a plot. To obtain a non-targeted loan, you do not need to coordinate the object with the bank. No down payment is required, which often turns out to be an unaffordable amount for the borrower. No one forbids you to keep part of the loan for yourself to make repairs in the purchased house, buy furniture or use it for other needs. And finally, if something “goes wrong,” selling a home without encumbrances will be much easier than collateral from a bank.

Requirements for the borrower

The requirements for a country mortgage are no fundamentally different from the requirements for other types of mortgages. The client must:

• have Russian citizenship;
• be over 21 years of age and under 65 years of age (at the time of full repayment of the loan);
• official employment and high wages;
• At least 6 months of experience at your last job. The minimum total experience over the last five years is 1 year.

In the case of a rural mortgage, official employment is not necessary. You can get a mortgage if you have been running a private farm for at least 1 year.

Loan “New building with state support” TransCapitalBank, Lt. No. 2210

from 5.34%

per annum

up to 12 million

up to 25 years

Get a loan

It is important that the client has a good credit history. Zero CI and numerous delays will lead to the bank refusing to lend.

Specifics of the contract, content (sample)

The content of the mortgage agreement has its own characteristics that you should be aware of. For example, the recipient of a mortgage has the right to build buildings on his land plot at his own request. This means that if you want to build a building on a land plot, the borrower does not have to notify the bank about this and ask for its approval of such actions.

The form of the agreement also has its own characteristics. For example, it is important for the borrower to pay attention to whether all the conditions for obtaining a mortgage are recorded in the documentation for concluding the mortgage agreement.

The agreement must be in writing. In addition, the agreement on the provision of mortgage services must be certified by a notary.

Requirements for the house and land

The list of requirements for the land plot and house is much higher than for the borrower. The bank evaluates and selects the collateral object according to several parameters:

• distance from the city. It is desirable that the house with a plot be located no further than 120 km from large cities and no further than 50 km from small towns;
• foundation. There must be a solid foundation made of safe materials (concrete, brick or stone);
• general condition of the house. Without the need for major repairs;
• year of construction. The house must have been built after 2000;
• building area. No more than 300 square meters;
• transport accessibility. Location close to major highways. Good access roads must be made directly to the house;
• connected communications. Sewage, electricity, water supply and heating are required.

Mortgage Bank DOM.RF, Lit. No. 2312

from 9.4%

per annum

up to 30 million

up to 30 years old

Get a loan

If we are talking about building a summer house, it is important that the land plot is already ready for the initial work. That is, there must be a cadastral number, registration in Rosreestr, and the boundaries must be clearly marked so that neighbors do not have questions. It is also advisable to prepare a development plan.

Source: RBC Real Estate

The launch of mortgage programs for private houses in Russia will increase the demand for such housing. We tell you what mortgage programs banks will launch for the purchase of individual housing construction and what requirements they will impose on private houses. In Russia, they have developed a roadmap for the development of the market for the construction and mortgage lending of individual residential buildings (IHC). This order was given to the Russian Ministry of Construction by President Vladimir Putin.

In order for mortgages on individual housing construction to become affordable, it is necessary not only to introduce a program for subsidizing mortgages, to extend work through escrow accounts and the norms of 214-FZ to private houses, but also to develop certain requirements for such houses, land plots and communications on them, simplifying their use in as collateral for bank loans.

We tell you what requirements credit institutions already impose on private houses and for which houses buyers will be able to get a mortgage in the near future.

Mortgage for individual housing construction

At the beginning of 2021, average rates on loans for individual housing construction, according to Dom.RF, are 2–3% higher than for apartments due to high credit risks and operating costs, and the houses themselves have low liquidity as collateral for jar. The current preferential mortgage programs do not have a significant impact on the individual housing construction market.

Previously launched programs - rural and Far Eastern mortgages - have shown their popularity among Russians. But these programs have various restrictions, including territorial ones, which prevent them from becoming a mass product. The introduction of various mortgage programs for individual housing construction will increase the demand for private houses and make them affordable for buyers.

Banks are reluctant to issue loans for private houses and summer cottages, as it is difficult for them to assess the liquidity of this product. The launch of mortgage programs for private houses in Russia will increase the demand for such housing, bankers believe. By 2025, the share of completed wooden housing in Russia may increase by one and a half to two times. As a result, up to 20% of the country’s housing stock will be wooden housing, notes the Center for Macroeconomic and Regional Analysis and Forecasting of Rosselkhozbank. Preferential mortgages for private houses

In 2021, Dom.RF launched preferential mortgages for individual housing construction. The purpose of the pilot program is to develop mechanisms to support the construction of private houses for subsequent scaling in other banks.

Unlike existing programs - rural and Far Eastern mortgages - the new program applies to the entire territory of Russia. It can be used both to purchase a finished house with a plot of land from a developer, and when constructing a new home. The loan rate ranges from 6.1% per annum for the entire loan term, and the maximum loan amount is up to 12 million rubles. in Moscow, Moscow region, St. Petersburg and Leningrad region and up to 6 million rubles. - in other regions. Russians under the age of 35 who have a minor child can become borrowers. The down payment is at least 20%, and the loan term is 20 years. For now, the pilot program runs until September 2021. What are the requirements for houses with a mortgage?

In its pilot mortgage product for individual housing construction, Dom.RF specifies the necessary requirements for the houses themselves, land plots and communications. If these requirements are met, borrowers will be able to obtain a mortgage loan. After the pilot has been tested, banks will be able to introduce the corresponding requirements into their suburban housing lending programs.

Basic requirements for the subject of collateral in Dom.RF Bank:

• the presence of utilities, a road network and access roads that provide year-round access to the land plot on which a residential building is being built;
• category of land - land of settlements or agricultural purposes, type of permitted use - for housing construction;
• construction involving an accredited company.

Banks also care about who will build the house in order to minimize the risks of poor-quality construction or unfinished construction. Basic requirements for developer/contractor accreditation:

• developer/contractor - legal entity or individual entrepreneur;
• have at least two years of experience in individual housing construction;
• absence of negative information (bankruptcy, unfulfilled obligations, lawsuits).

Escrow for private houses
To develop mass construction of individual housing construction in Russia, it is planned to extend the escrow scheme and project financing to private houses and involve professional builders in their construction. This will be able to interest banks in the segment of this housing and make the product mass. To develop the individual housing construction lending market, there is a solution - to move on to the mass construction of cottage communities and townhouses by professional developers, says Sergei Bessonov, vice president of Sberbank. In his opinion, the conditions for the mortgage can be brought closer to the conditions for the mortgage for the purchase of an apartment. Sberbank plans to launch a mortgage product for individual housing construction in the spring of 2021. The market already has the first experience of introducing project financing. This year, Dom.RF Bank provided project financing for the implementation of an individual housing construction project in the Leningrad region. The deal was concluded with a developer; the residential complex will be built in the Lomonosovsky district of the Leningrad region. A full-fledged mortgage for individual housing construction has appeared on the market without additional collateral or guarantors, with a low interest rate that competes with the DDU market and with project financing. “The segment of individual housing construction is becoming increasingly popular; many people dream of living not in an apartment, but in their own house. So, we recently launched project financing for individual housing construction. This product allows developers to use loan funds for the purchase of a land plot, as well as the construction of utility networks, and quickly begin the construction of housing itself. Project financing of individual housing construction opens up new opportunities for developers and allows them to significantly increase construction volumes in this segment,” said Kirill Grishanov, Deputy Chairman of the Board of Dom.RF Bank. Dom.RF Bank has already developed conditions for project financing for developers, requirements for developers, private houses and land plots. Using these conditions as an example, you can see how banks will implement such programs and what requirements they will impose on houses in the future.

Project financing of individual housing construction

The rate for this program at Dom.RF Bank starts at 8.6%. With a down payment of 50% - 9%, from 30% - 9.5%, from 20% - 10%. The maximum loan amount is 30 million rubles. — in Moscow and the Moscow region, St. Petersburg and the Leningrad region, 10 million rubles. - for other regions. In this case, the cost of the land plot should not exceed 20% (appraisal report) of the loan amount (the cost of construction of a residential building specified in the basis contract for construction)

• To complete the application, all you need is a passport and an extract from the Pension Fund, which the bank employee will order independently (replaces the Tax Code and 2-NDFL).
• Mortgages are provided for the construction of standard houses of complex development or houses according to an individual project in an area with transport, social and engineering infrastructure.
• A contract/purchase agreement for a future item with a legal entity or individual entrepreneur included in the list of those accredited by the Bank is sufficient.
• You can build a house on your own land or buy land with a mortgage.
• Settled lands or agricultural lands are suitable (the type of permitted use ensures the construction of residential buildings with the right of residence/registration).
• No additional collateral is required.

Requirements for a residential building:

• the residential building must be built by one of the construction organizations/other persons, the list of which is posted on the bank’s website;
• the total area of ​​the residential building under the project is at least 70 square meters. m and no more than 300 sq. m;
• the foundation of a residential building according to the project is stone (rub concrete or brick), iron or reinforced concrete, piled with a grillage;
• after completion of construction, the residential building must be suitable for year-round living (without restrictions on wall material);
• Access to the constructed residential building is possible at any time of the year.

The design documentation must provide for the supply of communications to the residential building under construction:

• gas (except for the Far Eastern Federal District, Siberian Federal District, Ural Federal District and non-gasified areas of other constituent entities of the Russian Federation);
• central electricity;
• central water or well with automated water supply;
• central or local sewerage.

Requirements for the land plot:

• the land plot is located in a complex construction site (or on the territory of an existing development, which requires the provision of engineering and transport infrastructure, as well as the availability of social infrastructure);
• the size of the land plot is no more than 4 thousand square meters. m;
• ownership of the land plot has been registered;
• the land plot must belong to the category of land in settlements or agricultural land, the type of permitted use provides the right to build, locate and operate a residential building (with the right of registration);
• the acquired land plot must not contain any buildings/structures/structures (except those being built by a company accredited by the Bank according to one of the standard projects);
• the cost of the land plot under the purchase and sale agreement should not exceed 40% of the total value of the property.

Requirements for the developer/contractor:

• contractor - legal entity or individual entrepreneur;
• experience in individual housing construction for at least two years, but at least five house projects over the past year. In the absence of the necessary experience, a petition is required from the authorized body of the constituent entity of Russia;
• absence of claims to challenge the reimbursement of contract agreements for the construction of individual residential buildings;
• absence of negative information (bankruptcy procedures, seizure of property, suspension of transactions on current accounts);
• break-even activity of the organization and a positive value of net asset value for the last reporting year (applicable to legal entities);
• the contractor has no debt to pay taxes, fees, or other obligatory payments to the budgets.

Requirements for complex development of individual housing construction

A complex development object (CDF) means a group of at least 15 residential buildings or houses of blocked development, built or under construction according to one or more standard projects, according to a specific plan. The location of the OKS must meet at least one of the following requirements:

• the settlement in which the OKS is located has a population of at least 50 thousand people and is the administrative center of a constituent entity of Russia or a region within a constituent entity;
• the distance between the OKS and a populated area with a population of at least 250 thousand people is no more than 50 km (the distance between the OKS and the specified populated area is determined by the distance between their administrative boundaries);
• the distance of the land plot from the boundaries of the Moscow ring road of the city of Moscow is no more than 70 km;
• the distance of the land plot from the borders of the city of St. Petersburg is no more than 70 km.

Tags: individual housing construction, mortgage, Dom.rf, 2021

Required documents

Main package of documents:

• application form for a mortgage;
• personal documents of the borrower - passport, SNILS, salary certificate (2-NDFL or according to the bank form), marriage certificate;
• documents of co-borrowers, if any;
• documents for the land plot and the house - a certificate of state registration of the property, a detailed cadastral plan of the plot, as well as an extract from the Unified State Register of Real Estate, a boundary plan describing the boundary of the plot;
• documents from the BTI - technical passport of the house,
• purchase and sale agreement (or other title documents);
• report from independent appraisers (valid for 6 months);
• a document confirming that the land plot and house are not pledged

Mortgage with state support for families with children VTB Bank, Individuals. No. 1000

from 4.3%

per annum

up to 12 million

up to 30 years old

Get a loan

The exact list depends on the credit institution. You will have to prepare a lot of documents for a country mortgage, so it is better to clarify the list in advance.

How to get a loan to complete the construction of a private project: step-by-step instructions

The process of obtaining a mortgage for an unfinished private house is as follows:

1. First of all, you need to decide on a credit institution.
2. Then the borrower visits the bank branch with all the necessary documents.
3. An application is submitted, then you need to wait until it, along with the pre-approved amount for construction, is approved.
4. After approval, the bank is provided with title documents for the land and construction documentation.
5. Loan documents are signed.
6. The transaction is registered with justice.
7. Funds are issued in full or in tranches.

In practice, on average, it takes about a month to obtain such a loan, but in some cases the decision-making process can drag on for months, since the transaction is quite specific.

Do you need insurance for a holiday home mortgage?

Insurance of the mortgaged property is a mandatory condition established by the Federal Law “On Mortgage (Pledge of Real Estate)” No. 102. If the client ignores this obligation, the loan agreement is not signed. This means that the transaction is canceled and the money is not transferred to the seller.

Collateral insurance is explained simply. The land and the house are the guarantor of mortgage payments. If the property for some reason significantly loses value, the bank will not be able to compensate the loan in case of non-payment. Therefore, it is impossible to cancel the insurance of the object.

At the same time, it is not necessary to take out insurance at the agency offered by the bank. You can choose an insurance company yourself. If a bank requires you to sign an agreement with a partner agency, then this is a violation of the law (Federal Law “On Protection of Competition”).

If you have financial capabilities, it is better not to include the insurance amount in the body of the loan, but to pay it separately. So the overpayment will be less.

Another thing is that the bank can impose other types of insurance on the client:

Loan "New Building" Rosbank, Lic. No. 2272

from 7.85%

per annum

from 300 thousand

up to 25 years

Get a loan

• life and health insurance;
• ownership.

These types of insurance are not mandatory, but voluntary. The bank cannot force the client to pay for the relevant policies. But in case of refusal, it may offer less favorable conditions.

Reasons and grounds for refusal

Issuing loans for unfinished real estate is risky for banks, so not all of them approve such applications. A number of requirements are imposed on unfinished real estate, and if they are not met, the chances of being refused are very high.

The reasons for refusal to issue a loan for the completion of a private property may be as follows:

• the unfinished facility was not officially registered with Rosreestr and BTI;
• the house is less than half ready - the higher the percentage of its readiness, the greater the chances of approval;
• there is no other real estate that can act as collateral;
• the borrower does not meet the bank's established requirements.

However, each credit institution may have different conditions and requirements.

What can you do to increase your chances of approval?

1. To increase your chances of approval, you need to make sure that the selected property meets banking requirements.
2. In addition, having additional property will be a plus. In this case, even if mortgage lending is denied directly, you can take out a regular consumer loan, in which significantly larger amounts are issued against collateral for long periods.
3. Banks often allow the use of not only their own real estate, but also the real estate of close relatives as collateral. In this case, the owner automatically becomes a co-borrower.
4. The chances will be higher if the borrower can provide a preliminary cost estimate and make at least 15% of the total amount as a down payment.