Mortgage approval deadlines at Sberbank: stages, how long to wait

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Most Russians apply for a housing loan at Sberbank of Russia PJSC. There are many reasons for this, a positive business reputation, long experience, but the main thing is low rates and a variety of programs.

Today this financial institution offers the following mortgage programs:

• Purchase of finished housing.
• Purchase of real estate under construction.
• Mortgage with maternal capital.
• Construction of a residential building.
• Purchasing country real estate.
• Military mortgage.

It is not enough to simply apply for a loan; you must properly organize the process of applying and receiving money. To begin with, clients are given a preliminary decision. First of all, people are interested in the question of what is the period for a positive response from a bank on a mortgage loan.

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How to apply for a mortgage at Sberbank and find out the decision?

Let's start from the very beginning, namely, with filing an application. You can do this in several ways:

• contact the nearest bank branch;
• submit an application through banking partners;
• fill out the fields of the online application on the official website of Sberbank.

After submitting the application and filling out the attached questionnaire, bank employees will analyze the data provided.

The processing time for an application is usually 2-3 business days, but for Sberbank clients (for example, holders of salary cards issued by this financial institution), this procedure can take only 1 day.

The bank will send the decision via SMS, or a specialist will call the specified phone number. The client can call the lender himself without waiting for a response from him. If the result is positive, the future borrower will be given a date and time for an appointment at the bank branch, and will also be given a list of documents that he must submit for consideration.

What does it look like

When choosing an apartment in a new residential complex, people often come to the office with the selected property from the developer. They have no questions regarding compliance with the preparation of documents. With apartments on the secondary market, everything is different.

To begin with, clients receive the go-ahead from the credit committee, then start searching for real estate within the agreed limit, and then check with the potential seller to see if everything is in order with the papers. Sometimes three months is not enough for this. Let's look at all the transactions in more detail.

List of documents

At the first stage, the bank will only need a few documents identifying the borrower and confirming his solvency. You will need many more of them before making the final transaction.

So, after approval of your mortgage application, you need to present:

• passport - a mortgage loan from Sberbank is issued to persons with Russian citizenship who have reached 21 years of age and are not older than 65 years of age;
• certificate from the Federal Tax Service on income and absence of debts;
• certificate of employment - the bank needs to verify the client’s stable income, which will confirm his solvency.

You will also most likely need additional documents. Their exact list depends on marital status, participation in various government programs designed to improve the living conditions of certain categories of the population, and so on.

In the future, you will need the following list of documents:

• certificate of registration of ownership;
• result of real estate valuation;
• papers that confirm the basis for obtaining ownership rights;
• extract from the Unified State Register of Real Estate;
• cadastral passport;
• consent of the spouse (if the borrower is married);
• marriage contract (if any);
• a certificate stating that the borrower was not married (if so);
• permission from the guardianship authorities (if the owners include minor children);
• passport, SNILS/TIN of the seller;
• extract from the house register;
• purchase and sale agreements (preliminary and current);
• receipt to the buyer.

Be sure to check past and present debts to other financial organizations, thereby compiling the client’s credit history.

Conditions for obtaining a mortgage for an apartment

The conditions for obtaining a mortgage may differ in nuances, but the basic requirements are the same. First of all, the bank is interested in the identity of the borrower and the collateral.

Requirements for the borrower's personality

One of the most important conditions concerns the age of the borrower. The minimum age in mortgage programs of different banks is usually the same - it is 21 years. But for other age parameters there is no such consensus of opinion. In addition to the lower age limit, there are criteria “maximum age when you can take out a mortgage” and “maximum age at the time of loan repayment.”

According to the second criterion, an individual decision is usually made, since in addition to the fixed figure - for example, in Sberbank it is 75 years - the bank takes into account the presence of confirmed income c, co-borrowers or guarantors. Sberbank also has a lending program based on two documents - the bank considers an application without documents confirming employment, and in this case the maximum period for The loan repayment period is reduced until the age of 65. In some banks, the maximum age for loan repayment is limited to 55 years for women and 60 for men - that is, the retirement age according to the previous rules, but if there are participants in the transaction Some guarantors and co-borrowers can increase the age to 85 years.

Banks are wary of people who change jobs too often. If your only source of income is your own business, this will also be perceived by banks as a risk factor. Banks prefer to deal with hired workers. Jobs associated with constant risk - employees of the Ministry of Emergency Situations, stunt performers, circus performers - can become a problem when obtaining a loan. State employees may also have problems - if a reorganization is announced, an upcoming reduction is announced, the bank will wait for the changes to be made and only after that will issue a loan.

Main stages after approval of a mortgage at Sberbank

What to do after your mortgage is approved? This will be followed by 3 months, during which you need to take all the remaining steps up to signing an agreement with the bank. A Sberbank specialist will tell you about this in detail.

The mortgage application process consists of the following stages:

1. Selection of suitable real estate. Remember: the bank will not approve any housing.
2. Real estate valuation by specialists.
3. Concluding a purchase and sale agreement with the seller.
4. Purchasing property insurance.
5. Making a down payment.
6. Registration of transfer of ownership rights in Rosreestr.
7. Signing a mortgage agreement. Its content is stated in Article 9 N 102-FZ of July 16, 1998. Transfer of money to the seller.

Thus, the borrower leaves his real estate as collateral on the basis of Article 6 of the Federal Law No. 102 dated July 16, 1998.

Selection of real estate

Perhaps the most important stage in the process of applying for a mortgage is the selection of suitable housing, for which you will have to make monthly payments for several years. This is where the most time is usually spent. After all, you will have to choose a property that meets not only your personal requirements, but also with a suitable price. In addition, you need to obtain consent from the seller to complete the purchase and sale transaction one month before full payment. Of course, the guarantee is a receipt received from the buyer, where he undertakes to repay the debt within the specified time frame, but, as practice shows, not every home owner decides to make such transactions. Especially if he has other buyers in mind who are ready to pay immediately.

You can search for mortgage real estate yourself or involve third-party agencies. Of course, their services are not free, but the borrower receives certain guarantees and protection against fraud, and also protects himself from the need to spend a lot of time and effort selecting housing.

Please familiarize yourself with Sberbank's requirements for mortgage real estate in advance. You will also have to search using these parameters.

Article 5 of Federal Law No. 12 describes the requirements for property that may become the subject of a mortgage.

Property valuation

The next step after selecting a suitable property is its evaluation by an independent expert. The cost of a house or apartment issued with a mortgage will have to be documented.

Real estate appraisals are carried out by representatives of institutions accredited by Sberbank. If you contact third-party organizations, the bank has the right to refuse a mortgage. The borrower will receive a list of approved institutions at the bank branch.

Real estate concept.

The appraiser will come to the specified address and carry out all the necessary work. And then he will give the client the result with the estimated cost of housing.

Conclusion of a purchase and sale agreement

To conclude a purchase and sale agreement, it is worth choosing a good lawyer who will draw up the documents properly and also explain the rights and obligations of both parties. Along with the contract, a receipt from the buyer is certified, where he undertakes to repay the entire amount of the debt within a month.

The purchase and sale agreement is standard and is drawn up in a standard manner, in accordance with Article 454 of the Civil Code of the Russian Federation.

Registration of insurance

Sberbank offers borrowers two types of insurance policies: to protect the subject of the mortgage and the life of its owner. The first is mandatory, the second is purchased at the discretion of the client.

If, during the period of repayment of the mortgage loan debt, the property is damaged for reasons described in the contract, the insurance company compensates for the damage.

Purchasing an insurance policy is not the usual “pumping out” of money from the client and providing guarantees to the bank, which, in fact, owns the property for the entire period of repayment of the mortgage. For the borrower himself, it also has certain advantages:

• if an emergency occurs, he will not have to answer to the banking institution and cover the costs;
• Thanks to the monetary compensation received from the insurance company, it will be possible to restore the condition of the property.

The choice of company to purchase an insurance policy is at the discretion of the borrower. In this case, the bank does not impose on its partners, but recommends using it, guaranteeing the reliability of the transaction.

Life and health insurance is not a mandatory, but desirable, requirement. After issuing a mortgage, the bank is interested in ensuring that the borrower remains in good health throughout the repayment period. However, this type of policy is not included in the list of mandatory documents, which allows you to save on its purchase.

Making a down payment

Currently, you can make a down payment on a mortgage at Sberbank in several ways:

• by bank transfer;
• cash;
• through a state certificate.

The down payment on a mortgage for housing under construction must be made after preliminary registration with the DDU.

Registration in Rosreestr

To record the fact of transfer of ownership of real estate, you will have to register with Rosreestr. You can find out the nearest branch located near your home, as well as the institution’s work schedule, on its official website. You will have to write an application attaching the collected state duty.

In addition, you can use the service remotely without visiting the office in person. This can be easily done on the same company website. You must leave your email address to be informed about the progress of the case.

Sberbank provides services for electronic registration in Rosreestr and guarantees a fast and successful transaction. The price depends on the selected property and its location.

Reasons for delays at each stage

The bank does not disclose the reasons for the lengthy review of the agreement. In some cases, mortgage approval takes longer than stated. Delays may be the result of errors in the process of filling out documents, provision of inaccurate information from the borrower, as well as a long credit history check. In some cases, when a transaction is approved, clients wait a long time for the appraiser's report (more than 90 days). In this case, Sberbank does not take into account the delay. The transaction may also be delayed when registering property due to the fault of the MFC or Rosreestr.

The timing of mortgage approval from Sberbank through Domklik or directly may vary, so it is worth preparing in advance for a possible lengthy real estate registration process.

Order a real estate valuation report

The report describes in detail the technical characteristics of the object: area, number of rooms, number of floors, degree of wear and tear of the house, and others. The document is needed so that the bank knows the market value of the mortgaged item and whether there are any redevelopments in the apartment.

The report is made by specialized appraisal companies or individual appraisers who have a license for this activity. The bank must accept an appraisal report from any licensed appraiser. In practice, many banks have a limited list of organizations from which they accept reports. Therefore, you need to check with your mortgage manager about which organization you can order an appraisal report from. If the list of appraisers is limited, then you need to order a report from one of the accredited appraisal companies.

What can and cannot be done?

Purchasing an apartment using a mortgage imposes some restrictions on new owners:

1. The borrower can register himself and his immediate relatives in the apartment.
2. The owner cannot completely dispose of the property, because it is pledged to Sberbank. You cannot bequeath or donate housing. You can even sell it only with the permission of the bank.
3. The borrower has the right to make repairs of any kind. In addition to redevelopment. Any changes must be coordinated with Sberbank. Coordination of redevelopment takes place in 3 stages:
   preparing the project and obtaining consent from regulatory authorities;
4. coordination of reconstruction with the insurance company;
5. obtaining the bank's consent.
6. The owner can, purely theoretically, re-mortgage his apartment. But again, the consent of Sberbank will be required. In such a situation, another bank is unlikely to agree to become the second lender in line if the borrower cannot pay the mortgage.

Lifehacks for a positive decision

If it turns out that your credit history is not ideal (this, by the way, also happens to responsible borrowers due to the fault of banks), it can be corrected. The easiest way is to take out a consumer loan for a small amount and repay it on time, suggests the head of a financial company, Evgeniy Marchenko.

Development director of the Ulyanovsk company Evgeny Repin took out three mortgages, the last one two months ago. He shares his life hack: “If you need to take out a mortgage in three to six months, then take a small consumer loan from this bank for three months and repay on time. You will become a loyal customer and your approval rate will be higher.”

Question and answer Is it possible to refinance a mortgage if an apartment was purchased with capital?

As lawyer Olga Sulim , success in getting a mortgage approved also depends on what the potential borrower looks like. “Many banks require credit managers to give a subjective assessment to the citizen who contacts him. Is he neatly dressed, do his clothes look old and shabby, does he look like a drunk person, what is his manner of communication, etc. A citizen who has a constant high income, but who comes for a mortgage drunk and in torn clothes shoes will almost certainly be refused.

By the way, the security service of some banks also pays attention to the social networks of applicants. Strange and scandalous publications, posts and reposts, depressive thoughts on the page, indecent photos can persuade the bank to refuse to issue a mortgage,” says Sulim.

The expert adds that borrowers who ask for a relatively small mortgage amount are not profitable for the bank, and therefore may face refusal. The lawyer recommends finding out in advance the size of the lower threshold for a cash loan at a particular bank. Sometimes it's even better to take out more than you need and then just pay that money back early.

Gulnara Ruchkina also advises increasing the down payment: this will increase the confidence of the financial institution.