Mortgage for a private house in Sberbank - tariffs and conditions of registration

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In 2022, purchasing a dacha with a mortgage from Sberbank is possible at a rate of 11.1%. The loan is issued for the purchase of a summer house together with a plot, and for the construction of a garden house (together with or without other outbuildings). Current lending conditions and examples with calculations are described below.

Conditions for a dacha loan
How to get a loan: requirements and step-by-step instructions
Is a dacha always turned into collateral?
Is it profitable to take out a mortgage from Sberbank: examples with calculations

Mortgage for country real estate in Sberbank

Buying a country house requires not only significant financial investments, but also knowledge of some of the legal subtleties of the process. All the nuances are especially important when you plan to do this using a mortgage on country real estate. In such cases, the bank puts forward special requirements both for the borrower and for the purchased object, which can be a land plot for individual housing construction, a dacha in SNT or a private house.

Expert opinion

Irina Bogdanova

Expert in the field of mortgage lending.

The main condition for selling suburban real estate with a mortgage will be its liquidity. When applying for a loan, the bank will require collateral, which most often is the purchased object.

By issuing a loan, a financial institution takes on certain risks, so the house or land must have attractive characteristics that will allow the property to be quickly sold if the borrower is unable to fulfill his debt obligations.

At the same time, Sberbank provides a mortgage both for the house and for its construction. But in the second case, the contract will necessarily specify the requirements for the facility being built. In addition, there will be differences in the package of documents provided for loan approval.

Sberbank offers its clients several targeted mortgage programs for the purchase of suburban real estate. You can also buy a private house within the framework of standard and preferential loan products.

The target programs include two:

"Country estate". This is a mortgage loan for the purchase of a summer house or land for summer cottage construction.
"Construction of a residential building." This is a loan for the individual construction of a house intended for permanent residence.

As a mortgage for purchasing a house with land from Sberbank, you can also use standard loan programs for the purchase of housing.

These include the following loan products:

"Purchase of housing under construction." This mortgage makes it possible to buy a residential building on the primary market. The base rate is 7.6%.
"Purchase of ready-made housing." This program provides for obtaining a loan for the purchase of a residential building on the secondary real estate market. The base rate is from 7.7%.
“Loan for any purpose secured by real estate.” This is a non-targeted loan, in which the collateral for the loan is not the property being purchased, but the property already owned. Rate - from 10.4%.

When choosing a standard program, you must take into account that it does not provide for the purchase of a summer house with a mortgage. It will not be possible to purchase land for construction using it.

A mortgage for a dacha in Sberbank is issued only under one program - “Country Real Estate”.

Preferential loan banking products for which you can buy a house include:

“Military mortgage”, which allows you to buy a house on both the primary and secondary markets. Issued at 7.9%.
"Mortgage plus maternity capital." Rate - from 4.1%.

Despite the variety of lending options through which you can purchase a private home, it is still recommended to opt for special mortgages for country real estate, as they have more favorable conditions, developed taking into account the specifics of the banking product.

Tariffs and conditions of receipt

Under the Country Real Estate program, you can get a loan for the purchase of a plot of land or the purchase (construction) of a house not intended for year-round use in dacha cooperatives and gardening partnerships. It is called “Mortgage for a country house”.

The loan terms are as follows:

The loan is issued in one currency - Russian rubles.
Rate - from 8%.
The minimum loan amount is RUB 300,000.
Maximum - no more than 75% of the estimated value of the loaned property.
The minimum down payment is 25 percent.
The mortgage term is up to 30 years.

This type of lending involves registering the loaned real estate (or any other property owned by the borrower that meets Sberbank’s requirements for a house, apartment, etc.) as collateral. If the loan amount is less than RUB 1,500,000, a guarantee from individuals can act as collateral.

A mandatory condition is insurance of the collateral property (except for the land plot). As for health and life insurance, the bank leaves this issue at the discretion of the client. If you refuse the procedure in this case, 1% will be added to the base interest rate.

Also, the overpayment will increase by 0.5% if the borrower is not a salary client of Sberbank or does not have accounts with a financial institution, by 0.3% if the borrower refuses to prepare documents for real estate through the “Electronic Registration Service” and by another 0.3 % - in cases where the borrower purchases real estate selected on third-party services, and not on the DomClick website.

This service helps you quickly find the right property on the primary and secondary housing markets online, which is convenient and profitable, taking into account the offered discount of 0.3%.

Who can take out a mortgage

Sberbank imposes certain requirements on the borrower under this program:

The minimum age at the time of receiving the loan is at least 21 years.
The maximum age at the time of loan repayment is 75 years.
The borrower must be a citizen of the Russian Federation.
Work experience at the last place of work of the client who applied for the loan is at least 3 months.

If your own income is not enough to obtain the maximum loan, Sberbank allows you to attract no more than three co-borrowers under this mortgage program. In order for the bank to make a positive decision on a mortgage, it is desirable that the person applying for the loan has a good financial reputation.

A negative credit history of the borrower is, from the point of view of a financial institution, confirmation of the client’s unreliability, and therefore, if it exists, a mortgage will most likely be denied.

Bank requirements for real estate

Due to the fact that the bank accepts only liquid objects as collateral, the real estate retained as debt security must meet certain requirements:

The mortgaged house must not be in disrepair and not subject to demolition.
The percentage of depreciation of the structure is no more than 40%.
The foundation is made of concrete, stone, brick.
The house has all basic communications (gas, water, sewerage, electricity).
There are no redevelopments not noted in the BTI plan.

The building itself or the plot of land being mortgaged must have a certain distance limit from the city limits (a parameter that is calculated for each settlement separately and depends on its area). Also, one of the main requirements is the availability of good access roads and developed social infrastructure.

The owner of the land must be the borrower himself; a prerequisite is the absence of any encumbrances on the mortgaged property.

What documents will be needed

First, the borrower must submit to Sberbank the initial package of documents required for loan approval.

The list of required papers includes:

Passports of the borrower and co-borrowers.
Application form for a loan.
Papers confirming the availability and amount of monthly income (this can be either a 2-NDFL certificate or a bank form).
Documents for collateral (if the loan is secured by the borrower’s property).

If Sberbank makes a positive decision on the loan, the borrower is given a 90-day period to collect additional documents for the purchased property.

The package includes:

A copy of the state registration certificate of the purchased property.
Documents on the basis of which ownership rights arose.
Sales and purchase agreement (preliminary version).
Extract from the Unified State Register of Real Estate.
An appraisal report stating the value of a property.
Initial estimate (if a loan is taken for the construction of a summer house).

Also, if necessary, the bank may request other documents, including those confirming that the borrower has enough funds to make a down payment (for example, a bank account statement). The financial institution reserves the right to change the list of required documents at its discretion.

Requirements for the borrower

In order for a mortgage on a Sberbank dacha to be available, the borrower must meet the following requirements:

Russian citizenship and permanent registration are required;
The age of the borrower at the time of the transaction must be in the range of 21-75 years;
The borrower must be employed for at least six months, and the total work experience over the last five years must be more than a year;
The borrower should not spend more than 30-50% of his income on scheduled loan payments; the income of co-borrowers is also taken into account;
Under one loan agreement, you can attract three co-borrowers, who must also meet the above requirements;
The obligatory co-borrower is the second spouse, even if he does not meet the requirements, the main thing is Russian citizenship and the absence of a marriage contract.

Mortgage for the construction of a residential building

A Sberbank mortgage for the construction of a private house differs from a loan issued under the Country Real Estate program. The main nuance is that it is given for the construction of a residential building in which you can live year-round, while the second type of loan involves the purchase of a country house for temporary residence.

In addition, you can only take out a loan to build a house by securing the debt, and this also has its pitfalls. The financial institution will issue the loaned object itself (i.e., a plot of land and a future house) as the main collateral. But since the construction of the latter takes time, additional security will be needed for this period. Therefore, you will have to either attract a guarantor or leave your own real estate to the financial institution as collateral.

After all construction work is completed, the residential building will become the property of the borrower and will be pledged to the bank until the debt is fully repaid, while other types of security will be cancelled.

There is one more important nuance. A loan issued for the construction of a residential building can be used in two ways: to erect a building on your own land or with the simultaneous acquisition of a plot of land. Moreover, in both cases certain requirements are imposed on the latter.

A house can be built either on a plot of individual housing construction category, or on agricultural land with the right of registration and permanent residence. The financial institution will definitely not provide loans for the construction of a residential building on other plots.

And the last feature of a mortgage for the construction of a private house is that the project must be agreed upon with the bank. Moreover, if the borrower decides to make any changes or improvements during the process, then they will also need to obtain the lender’s approval.

A mortgage for the construction of a house from Sberbank provides several options for constructing a residential building - on your own or with the involvement of a contractor. Also, a financial institution can approve a loan for the purchase of a land plot with an unfinished facility, which the borrower can complete with the loan allocated by the bank.

Lending to a construction site is always fraught with risks for a financial institution due to the length of the process, accompanied by the emergence of many unforeseen circumstances, which is why increased requirements are imposed on such mortgages. At the same time, certain categories of borrowers have the right to apply for it on preferential terms.

So, maternity capital funds can be used as a down payment, or they can also be used to repay the loan.

Young families with a second child born in 2018 and subsequent years are eligible to receive a loan at an interest rate of 5%. The same reduced percentage is applicable to this category of citizens when refinancing a mortgage.

Lending terms

The conditions of a mortgage for the construction of a residential building are almost identical to those when applying for a loan for country real estate:

The loan is issued only in domestic currency.
The minimum loan amount is also RUB 300,000.
The maximum threshold should not exceed 75% of the estimated value of the house being built or provided as collateral for collateral.
The down payment is ¼ of the price of the loaned property.
The loan is issued for a period of up to 30 years.
The interest rate starts from 8.8%, and it is also adjusted upward if the borrower refuses to take out life insurance (+1%) or does not receive a salary from Sberbank (+0.5%).
If the loan amount does not exceed RUB 1,500,000 million, then no collateral is required.
Insurance of the house being built is mandatory. This condition does not apply to the land plot.

In addition, the bank also offers benefits. Within two years after receiving the loan, you can take advantage of the deferment or increase the loan term if the cost of constructing a residential building has increased. The financial institution will approve the application if the borrower provides documents confirming this fact.

Requirements for borrowers

Any citizen of Russia can take out a loan from Sberbank for the construction of a residential building.

The main thing is that the borrower meets the requirements imposed on him by the financial institution:

Citizens who are at least 21 years old at the time of application and no more than 75 years old at the time the loan is required to be repaid under the agreement can apply for a loan.
The borrower must also have a work experience of at least 6 months in one place. The total experience is also taken into account - at least one year.
The loan will be given only to the applicant who confirms the presence of official income (you must provide a personal income tax certificate or a bank form).

The bank allows up to three co-borrowers to receive a loan. The same requirements apply to them.

Required documents

The documents required to obtain a loan include two packages - a general one, which is submitted at the initial stage of consideration of the application, and for real estate, if the bank makes a positive decision.

Initially, the financial institution must provide:

your passport (and co-borrowers and guarantors, if any);
a second identity document (licence, military ID, international passport);
income certificate;
a copy of the employment document, necessarily certified by the employer;
papers to secure the debt (necessary in cases where the mortgage is secured by existing real estate).

After the application is approved, the borrower must collect a second set of papers within 90 days.

It includes:

documents for the land plot on which construction is planned;
site assessment report;
construction estimate;
a contract concluded with the contractor (if the construction of the house is planned to be carried out with his participation);
construction permit (if the residential building will be located on a plot of land already owned by the borrower).

In cases where a mortgage is issued to categories of citizens entitled to use benefits, additional documents will need to be collected. These are copies of marriage and birth certificates, maternity capital certificates, certificates from the BTI, extracts from the house register.

Program features

As part of the “Country Real Estate” offer from Sberbank, the possibility of deferred payment is provided. You can use the bonus if the cost of construction in the first 2 years after the loan has been issued has increased and this fact can be documented. In such a situation, the bank makes an individual decision to soften the loan payment terms and can offer the borrower one of the options:

increasing the loan term with downward recalculation of payments;
deferment of interest payments on a loan with the drawing up of an individual schedule, according to which for some time the borrower pays only the principal debt.

Borrowers eligible for maternity capital can also reduce their loan burden by repaying part of the loan with a certificate.

Mortgage calculator

Before submitting an application, you need to assess your financial capabilities and correctly calculate the amount that you can qualify for when receiving a loan. An online mortgage calculator will help you do this.

The process is automated, so the potential client only needs to enter all the necessary data, after which the program will calculate the loan amount and the income required to receive it, and also show the interest rate and monthly payment.

When calculating a home mortgage, it is recommended to pay attention to additional services that reduce the loan rate. This means having a salary card with Sberbank and agreeing to life insurance.

Features of the program

This lending program is targeted, under which you can purchase:

land plot (empty);
a dacha, a garden house and auxiliary buildings located on this site (barn, bathhouse);
building materials for the construction of the above objects.

This program is the only one under which it is possible to purchase a separate plot of land without buildings. An alternative option may be “Purchase of ready-made housing,” when a residential building is purchased along with the land on which it is located.

Step-by-step instructions for obtaining a mortgage for a private house in Sberbank

After making calculations and collecting the necessary papers, you can begin submitting an application for loan approval.

Mortgage service packages allow you to apply for a mortgage both at the office of a financial institution and online.

The step-by-step registration process is as follows:

The borrower submits the documents to the bank or submits an online application.
The financial institution checks all the data provided by the borrower and issues a verdict.
If the bank’s decision is positive, the borrower must find a suitable plot of land within 90 days, collect all documents for the property, draw up an estimate and, if necessary, draw up an agreement with the contractor.
All collected papers are submitted to the bank for review.
If the financial institution approves the selected property, the client comes to the bank to sign a mortgage agreement.
After registering the encumbrance in Rosreestr, the lender transfers the money to the borrower’s account.

Mortgage loans are also available through online banking.

To get a mortgage from Sberbank, go to the “Mortgage” section on the lender’s official website, select the appropriate program, and click “Get approval.”

The system transfers the client to the DomClick service, where you need to register and submit an application online.

You can also go the other way - apply for a loan directly on DomClick, bypassing the offsite.

The application procedure on the portal is simple:

First, you need to create a personal account on the DomClick website by selecting the “Mortgage for building a house” program and indicating your region.

Bank clients can log in to the portal through their online banking account.
After this, you need to click on the “Submit Application” button.
Then the client needs to enter his personal data.
Provide all income information.
Enter information about your experience and place of work.
Attach photos or scans of documents.
If necessary, fill out forms for guarantors or co-borrowers.
Select an office of a financial institution from the list (a mortgage loan is provided in a branch located at the client’s place of residence).
Submit an application for approval.

The bank usually decides whether to give a loan or not within 6 days. Sometimes the deadlines are delayed, but this situation arises only in cases where the financial institution needs to additionally verify the information submitted by the borrower.

Do I need to take out insurance?

Signing an insurance contract for the property being financed is a prerequisite for a mortgage for the construction of a private house. While the issue of obtaining life and health insurance is left to the discretion of the client. You can refuse it, but 1% will be added to the interest rate.

Registration procedure

The procedure for obtaining a mortgage on land at Sberbank consists of four stages:

Selection of a specific plot of land and preliminary agreement with the seller.
Preparation and collection of documents according to the bank's list.
Filling out the form and submitting a loan application.
Registration of the transaction, payment of the down payment and receipt of the required amount if the application is approved by the bank.

Each loan application is reviewed by the bank within 2 to 5 working days. After which the final decision is announced to the borrower. If the bank has made a positive decision, then together with the client a convenient date for concluding and signing all agreements (loan agreement, mortgage agreement and life and health insurance agreement, if desired) is selected.

Together with the loan agreement, the borrower signs an approved payment schedule, which breaks the entire amount of debt into annuity (equal) payments on a monthly basis. Then the land plot is encumbered in favor of the bank by registering documents with the Registration Chamber.

The last step is to make a down payment (from 25% of the cost of the land) and transfer the remaining loan amount to the seller’s account.

Practice proves that the legal service of Sberbank works quite quickly and smoothly, so the process of registering a transaction and transferring money to the seller is not delayed.

How to pay a mortgage

The agreement provides for monthly repayment of the debt in equal amounts.

You can do this in several ways:

Through your personal account in online banking.
Through an ATM, but you must choose a Sberbank ATM. Payment is made according to the loan details.
Transfer to an account from a card.

Partial or full early repayment of the loan

Sberbank provides the opportunity to fully or partially repay the debt before the deadline specified in the agreement.

This procedure does not entail any penalties. The only condition is that full repayment of the debt is possible only six months after receiving the loan.

The minimum amount of early payment is not limited; you can pay any amount at your discretion. Moreover, after partial repayment, the monthly payment will be revised downwards.

To pay the debt in full, the client needs to contact the bank with an application. After closing the mortgage, the borrower will receive a certificate confirming that there are no claims against him from the financial institution, and will also be able to register ownership of the property purchased or under construction on credit. All encumbrances on the site and collateral will also be removed.