Mortgage secured by existing housing in Sberbank - features of registration in 2021

The main feature of a mortgage secured by existing real estate

The Bank strives to provide its clients with the most favorable and varied conditions. A mortgage secured by existing housing at Sberbank is one of the most popular programs, because thanks to it it is much easier to obtain borrowed funds. It is called “Non-targeted loan secured by real estate”.

When applying for any mortgage, banks require a down payment of at least 15% of the cost of the purchased home. A mortgage loan issued by Sberbank secured by real estate eliminates the need for the client to make such a payment. The main feature of this loan is that it is not required to confirm the purpose for which it is taken. Accordingly, there is no need for a down payment.

The money back guarantee is provided by real estate registered as collateral. An encumbrance will be placed on it, as a result of which the borrower will not be able to dispose of his property until he has fully paid off the financial institution.

When taking out a mortgage secured by an apartment (house, cottage, etc.), you should not count on the fact that the money can be spent on other needs. Although the loan is not targeted, the bank makes sure that the financial resources issued to it are aimed specifically at the purchase of housing. This condition is stated in the contract.

Disadvantages of such a mortgage

Central Bank specialists have identified a list of reasons why citizens refuse to take out a mortgage secured by property:

Few clients are ready to buy an apartment in a new building that has not yet been rented out, secured by the one that already exists. Illusory prospects of being left without existing housing and losing new ones.
Not everyone has property that can be pledged to a bank. Many people have been renting rooms and dorms for years, saving up to afford at least one apartment of their own.
Housing that is pledged to a bank is almost impossible to dispose of: it cannot be sold, re-registered, donated, or divided into shares.
With such lending, the conditions for the consumer are not very favorable. With a regular targeted loan, you can get a reduced interest rate and government subsidies, but here everything is fixed, there is no possibility of receiving bonuses and discounts.
You have to make a large down payment, which is difficult for many and spoils the well-being of the family’s financial budget.
A significant obstacle for people to leave their housing as collateral is the level of quality and profitability of the entity. Not every property can be offered to a bank as an “airbag”. The apartment must meet the relevant requirements and meet established standards.
The houses must be sold no earlier than 1965.
There cannot be registered people in the apartment.
The layout must be in accordance with the law.

All of the above disadvantages stop consumers from taking out a mortgage secured by their home. This is not very profitable; you need to meet many requirements.

Types of loans provided by Sberbank secured by real estate

There are several types of non-targeted loans issued by Sberbank:

Consumer loan for any purpose. In this case, no deposit is provided. The rate is from 10.9 to 19.7%, money is not issued in cash, but goes to the card. If there is no credit card, the bank will issue a new one. If a large amount is required and at a lower interest rate, the bank offers to issue collateral.
Mortgage non-target loan.

The latter option makes it possible to purchase an apartment in a building under construction, buy ready-made housing, or pay for a cottage in a countryside village under construction.

You cannot invest borrowed money in building your own home. For this purpose, the bank has a special program - “Mortgage for the construction of a residential building”, which implies other conditions.

You can take out a mortgage against an apartment or mortgage a house. But it won’t be possible to take out a loan secured by a room or buy a share in an apartment with a mortgage. In such cases, it is better to choose the “Loan for the purchase of finished housing” program.

Tariffs and conditions for obtaining a mortgage secured by real estate in Sberbank

Taking out a loan secured by property today is not so difficult: processing a loan will not take much time, the transaction is transparent. A loan secured by an owned apartment or other real estate is issued on more favorable terms, in contrast to other mortgage lending programs.

If the applicant meets all the requirements put forward by the financial institution, then the likelihood of refusal will be minimal.

Lending terms

The conditions that Sberbank offers to clients who want to receive a loan secured by existing real estate are almost no different from those under other mortgage lending programs:

The minimum loan amount is 500 thousand rubles.
The maximum you can borrow for the purchase of housing is 10 million rubles, but the amount cannot exceed 60% of the estimated value of the property offered as collateral to the bank.
The loan is issued in only one currency - Russian rubles.
The loan can be obtained for a period from 1 year to 20 years.
Work experience in the last place must be at least three months (for those clients who receive wages via cards or Sberbank account, this is an optional condition).
No down payment or guarantors are required.

There are also some nuances. The interest rate ranges from 10.4 to 11.9% and does not change throughout the entire period. But its size depends on some factors. Thus, a minimum percentage can be obtained if the borrower signs a voluntary life insurance agreement and the mortgaged property. If you refuse this, the bank will increase the rate by 1%.

Also, clients who receive salaries and other payments to a Sberbank account or card can count on a low tariff. For other borrowers, the interest rate automatically increases by 0.5%.

You can find out more about interest rates at the Sberbank branch closest to your place of residence.

Loan repayment from maternity capital funds is not provided. To use this certificate for the purchase of housing, Sberbank has another program. It is called “Mortgage plus maternity capital”.

Requirements for a mortgage recipient

Citizens of the Russian Federation who have temporary or permanent registration on its territory can apply for a loan. The borrower must be at least 21 years old at the time of the loan and no more than 75 years old at the time of repayment of the loan according to the agreement. If the latter is concluded without a certificate of income and confirmation of employment, then the age is limited to 65 years.

The loan program is designed for individuals who are employed. Therefore, individual entrepreneurs, business owners with more than 5% of the ownership share, representatives of small businesses who have the right to sign financial documentation, as well as members of peasant farms will not be able to use it.

Sberbank envisages attracting co-borrowers (maximum three) to the program. They are also subject to all the above requirements.

If the borrower of a loan secured by real estate is married, then the participation of a spouse as a co-borrower is considered mandatory. The exception is if there is a marriage contract that stipulates special conditions regarding the pledged property.

In addition, you need to take into account the fact that Sberbank will definitely check the recipient’s credit history. And if the applicant’s application leaves much to be desired, then the likelihood of being rejected will rapidly increase.

Requirements for the mortgaged property

The real estate that the client applying for a loan pledges must first of all be liquid. This requirement is explained by the fact that in the event of the borrower’s insolvency, the financial institution will be forced to sell the property pledged as collateral in order to cover its own expenses.

Sberbank accepts the following as collateral for a loan:

apartments (including town houses);
residential buildings;
residential premises with the land plot on which they are located;
garages (with a plot or as a separate building).

When considering the subject of collateral, the bank will also take into account such nuances as the territorial location of the object and its condition and the presence of restrictions on sale.

In this regard, Sberbank will refuse a loan if the following are offered as collateral:

apartments located in buildings that are in disrepair or are being prepared for demolition;
real estate located far from the city;
buildings without communications;
unfinished houses;
buildings and areas that are difficult to access;
apartments with unauthorized redevelopment carried out in them;
objects with a seizure or encumbrance.

An individual will not be able to take out a mortgage secured by commercial real estate.

A financial institution wants to obtain a liquid object as collateral for a loan, which can be quickly, profitably and without problems sold in the event of non-payment of the debt by the client. The bank will give a final answer after carefully studying all the documentation provided and verifying the information received.

Maximum cost

You cannot take out a mortgage for 20,000,0000 rubles, leaving as collateral an apartment that costs 4,000,000 rubles. It will not be very profitable for the company to formalize such a transaction. The value of real estate plays an important role.

If you want to take out a loan of 5,000,000 rubles, then you need to pledge property whose price is at least 5,600,000 rubles.

Banks require that there be a slight difference in price towards the collateral. This guarantees financial security if the client:

Will regularly be late in payments;
Refuses to pay the loan fee;
Due to circumstances, he will disappear from the bank’s sight, the company will lose contact with him;
He will be unable to work.

Look at the same topic: Mortgage in Uralsib Bank: conditions, requirements for the borrower and customer reviews

When pledging, not only the amount plays a role; after that, the appraiser looks at:

Level of property liquidity. They will not accept premises located on the outskirts of the city. If there is no demand for it, the bank is not interested.
Condition of the building. The appraiser looks at the level of accidents and wear and tear.
The house must be no older than 50 years.
Apartments that are located in two-story buildings and are made of wood are not accepted as collateral.
If a person under 18 years of age is entered in the “owners” column, the bank will immediately issue a refusal.

How to get a mortgage secured by real estate at Sberbank

Taking out a mortgage secured by existing real estate is not so difficult, but you need to prepare for the registration procedure in advance. In order not to be refused and not waste your time, it is best to visit a Sberbank branch and consult with a manager who will help calculate the loan and give a list of necessary documents that the recipient of the loan must provide to the bank.

You can also get advice by calling the bank's hotline phone number:

900 - call from a mobile phone;
8 - for calls within the Russian Federation.

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

Visit one of the Sberbank branches (required at the place of registration).
Fill out and submit the application form.
Provide the initial package of documents.
Wait for the bank's decision. If he has approved the application and included the applicant among the clients receiving the loan, the next step will be to evaluate the property and collect all the necessary documents for it.
Present them to the bank and wait for the final decision.
If it is positive, sign a loan agreement, take out insurance and register a mortgage.
Receive money into your account.
Conclude a transaction with the seller of the purchased property.

After completing all operations, the borrower will receive a payment schedule. The payments are annuity, i.e. the money will have to be paid in equal installments every month.

To save your own time, you can submit the application form online.

To do this you need:

Go to the Sberbank website, click on the “Loans” section, select the “Mortgage” tab and click on it.
From the entire list of programs, find the one you need - “Loan for any purpose secured by real estate.” On the page you need to click on the “Find out more” button.
On the new page, calculate the loan (select the value of the collateral property, indicate the amount and term for which the loan is taken) and click on the “Get approval” button.

After this, the system will redirect the client to the DomClick service, where you can submit an application online. To authorize on it, you need to enter your login information to the Sberbank-Online account, and those clients who do not have an account can go through a short registration right here. To do this, you only need to provide a phone number and last name, first name and patronymic.

After authorization, you will need to fill out an application form and attach primary documents for its consideration, then send the package to the bank.

The answer will come within 2-4 days (by email, SMS and in your personal account). If approved, you can select a suitable home for purchase directly on the DomClick service website.

Documents for obtaining a mortgage

The main list of documents for obtaining a secured mortgage includes:

passport of the borrower and co-borrowers (in cases where registration is temporary, it will be necessary to provide confirmation of it;
application form;
documents that confirm the borrower’s employment (copy of the work book, 2-NDFL certificate or other documents indicating financial condition).

If the bank makes a positive decision on the application, the borrower will have to provide additional documents for the collateral:

consent of the spouse to pledge the real estate;
a certificate from the guardianship authorities in cases where minors are registered in the area offered as collateral;
documents confirming ownership of the pledged property or a power of attorney certified by a notary when the pledged object is placed at the disposal of the borrower by another person);
registration certificate;
BTI plan;
a certificate from housing and communal services about the number of registered persons living in the living space;
appraisal report on the collateral object.

Also, the bank will need to issue a mortgage on the apartment or other collateral. It is an approved form, all points of which are filled out in accordance with Art. 14 of the Mortgage Law.

Expert opinion

Irina Bogdanova

Expert in the field of mortgage lending.

The mortgage remains with Sberbank for the entire duration of the loan agreement.

Is a down payment required?

This mortgage is issued without a down payment. But in this case, the bank will only approve 80% of the estimated value of the collateral property. And since the total amount of the loan received depends on it, sometimes it is advisable to contribute your own funds in order to receive a larger loan. In addition, the borrower will in any case have to add money if it is not enough to purchase a new home.

Mortgage calculator from Sberbank

To obtain more accurate information, you can use the loan calculator directly on the Sberbank website. This is an online program, thanks to which you can pre-calculate your loan without going to the office of a financial institution. It is also convenient because it will help you choose the optimal monthly payment amount for yourself and the term for which it is most profitable to take out a loan.

Each mortgage program has its own calculator, so to calculate a loan secured by real estate you need to know at least the approximate cost of the mortgaged home, and the calculation itself will be done automatically. Plus, you can calculate all the conditions for early repayment and see the payment schedule for the entire loan period.

Loan application review period

The Sberbank lending department reviews the application within 6 working days. This period may be delayed if the financial institution needs to verify additional information about the loan recipient. Typically, such delays are rare.

Required documents

A complete list of all necessary documents required when applying for a mortgage loan may differ from one lending institution to another. If a citizen plans to get approval for an application to receive money, then the first thing he should do is familiarize himself with what documents he will need to bring to the bank. Such information can be presented on the bank's website. In most cases, banks require you to bring the following documents:

identification documents (passport and any other document);
employment document;
certificates confirming the presence of a stable income;
completed loan application;
report on the assessment of mortgaged and purchased real estate;
documents confirming ownership of the mortgaged and purchased real estate.

How to increase your chances of getting a mortgage from Sberbank with a low official salary

To increase the likelihood of mortgage loan approval, clients with low income are recommended to submit an income certificate in the Sberbank form instead of 2-NDFL. This alternative document allows you to take into account not only basic, but also additional income, which will increase your chances of receiving a loan.

Another option is to attract co-borrowers. When considering the application, the bank will also take into account their solvency. In total, up to 6 co-borrowers can be attracted under this program.

Registration procedure

The application procedure may also differ depending on the chosen credit institution. You can get detailed information about the loan application procedure on the bank’s website. You can also contact the financial institution's support service for more information. In general, the procedure for obtaining a mortgage is as follows:

Valuation of purchased and mortgaged real estate. At this stage, specialists conduct an assessment and draw up a report, which will later be required when submitting an application.
Collection of the necessary list of documents.
Writing an application for a mortgage.
Submission of all documents and applications to the lender.
Awaiting consideration of the application.
Conclusion of an agreement with the bank.
Preparation of documents for mortgaged real estate.
Receiving funds.

What to do if the borrower does not have funds to repay the mortgage

If the borrower finds himself in a difficult situation and is unable to continue repaying the debt, there is no need to take the matter to court and sell the collateral at auction. The debtor must take the initiative himself. He has no right to sell his own mortgaged housing. If such a situation arises, the bailiffs will deal with the sale of the confiscated property - they will put the seized property up for auction. And there is no guarantee that it will not leave the auction at a discount, as a result of which the proceeds will not be enough to cover the debt. In this regard, the best option is to look for additional income yourself or contact the bank.

There are ways out of the situation, it all depends on the amount and duration of the debt.

Can:

Try to find additional income.
Rent out collateral housing.
Request a delay due to the epidemic.
Take out a consumer loan from another bank to pay off your debt.
Pay off a loan early by selling valuable property or borrowing money.
Contact Sberbank with a request for restructuring in the form of a credit holiday.
Refinance the main loan.

In any case, it is not recommended to hide from the lender. You should try to solve the problem that has arisen together with the financial institution. The bank also does not benefit from problems and does not need unnecessary actions associated with the sale of mortgaged real estate. Therefore, it is better to try to resolve the issue without trial.

Additional costs when obtaining a mortgage

When applying for a loan, the borrower will be required to pay:

from 2000 rub. for the evaluation report;
2000 rub. state fees for registration in Rosreestr (1,400 rubles for electronic registration);
2000 rub. to pay for secure payment services;
from 1500 rub. for the notarized consent of the spouse to the collateral transaction;
life and health insurance and insurance of the collateral.

The amount of insurance depends on the size of the loan. You can calculate it using a special calculator. To do this, on the Sberbank website, in the “Mortgage insurance of real estate” section, click on “Apply online”.

Reasons for Sberbank's refusal to grant a mortgage

Purchasing a home with a mortgage secured by real estate is one of Sberbank’s most accessible programs, which many citizens can take advantage of. If all conditions and requirements are met, then the likelihood of failure is usually minimal. Such cases are rare.

But there are also objective reasons that will inevitably lead to refusal:

Bad credit history or no credit history at all.
The application contains inaccurate information.
Income does not match the amount of the requested loan or its level is too low.
An incomplete package of documents was provided.
Inconsistency of the collateral with the requirements imposed on it.
The client has debts on taxes, fines or bailiffs, bankruptcy in the past.

If the bank makes a negative decision, you can resubmit your application within the period specified in the refusal form. In cases where the reasons are not so significant, you can apply for a loan immediately after correcting the errors.

Removal of collateral after repayment of mortgage

The mortgage on real estate can be returned only after full repayment of the loan (including early repayment). The return period is up to one month.

If problems arose when repaying the loan and the financial institution transferred the document to another bank, then after repaying the debt you need to contact the legal successor.

The returned mortgage note must bear a note indicating that the mortgagor has fulfilled his obligations. After receiving the paper, you will need to contact Rosreestr, which will cancel the mortgage. This will indicate that there is no longer an encumbrance on the property.

Advantages and disadvantages of a mortgage secured by housing at Sberbank

The mortgage program for purchasing housing secured by property has its advantages and disadvantages.

The advantages include the following:

No down payment.
Opportunity to purchase housing if you do not have enough funds for it.
The bank allows you to attract co-borrowers, which increases both the likelihood of loan approval and its amount.
You can provide both your own housing and the property of third parties (subject to their consent) as security.
Long loan term, which allows you to reduce the amount of monthly payments.
Large loan amount.

Among the minuses it is worth highlighting:

Strict requirements for the collateral.
A fairly high loan rate (unlike other mortgage programs).
Additional costs for registering the transaction, obtaining the notarial consent of the spouse, evaluation of the mortgaged object and insurance.

Despite some disadvantages, the mortgage lending program secured by real estate from Sberbank is very popular. Many citizens resort to it to purchase not only their first, but also their second home.

What does the interest rate depend on?

Based on the results of a survey among bank employees and analysts, we can conclude that the level of rates depends on:

Availability of collateral.

The difference between a mortgage with and without collateral is clearly felt. Each bank sets its own requirements for rates, but on average they will vary from 1% to 5%. Experts say that in the near future the rates will be equal and clients will not feel such a division.

Type of housing.

A liquid apartment will be in much greater demand than a one-room apartment in the suburbs. The client must understand that the better his property, which he wants to pledge, the lower his interest rate on loans.

Down payment amount.

There are different tariff plans for bank programs. Many companies give freedom of choice to the borrower, allowing you to deposit an amount from “X” to “X”. Accordingly, the more money is paid in the form of a down payment, the less interest it will pay per year.

These factors together have a huge impact on the bank's decision. In addition to them, it is important:

So that the client has a credit history. Those who have never taken out loans are charged high interest rates, since the company cannot draw a conclusion about your solvency.
No debts for alimony, bailiffs, third-party companies, or utility bills.
The borrower has no criminal record.
Official place of work. The higher the income level, the more actively the bank will reduce the rate.

Before you apply for a mortgage, try to objectively assess your capabilities.