In 2018, leading banks developed several programs for the purchase of such real estate. The terms of a mortgage on a private home have some nuances that you definitely need to know about.
Which private house is suitable for a mortgage?
Banks are willing to lend for the purchase of real estate on the primary market, take it as collateral, since its liquidity is quite high, and there are practically no problems with the sale in case of refusal to repay the loan. The liquidity of private houses is slightly lower, and the risks of banks when issuing such a loan are higher. The standard interest rate for a mortgage on private real estate is higher than on housing in a new building, but there are a number of programs that allow you to significantly save on payments to the bank.
To secure the loan, you can offer the banking organization other housing, the cost of which is commensurate with the cost of the purchased one.
Sberbank, VTB 24, Gazprombank and other leading financial institutions issue mortgages for the purchase of a house, putting forward the following conditions:
- the value of private real estate is not less than the amount of borrowed funds;
- the house must be free of encumbrances;
- the seller must have ownership of the land under the housing;
- the buyer must provide a real estate appraisal;
- The land plot must be intended for individual construction.
It is much more realistic to obtain borrowed funds for a new brick house with connected communications within the city than for an old wooden house on the outskirts. When issuing a mortgage and calculating its size, banks take into account many factors: the estimated value of private property, location, distance from large settlements or the city center, and the development of infrastructure in the area of construction. The maximum mortgage size for a private house is limited to 70-85% of its value.
Lenders have the following requirements for an individual residential building as a collateral:
- It is not allowed for the building to be in a state of disrepair, and it cannot be included in the plans for major repairs or demolition;
- the roof, doors and windows must be in good working order;
- Only those houses that stand on reinforced concrete, concrete, brick or stone foundations are accepted;
- physical wear – within 40-50%. These figures can be clarified in the technical passport of the building, as well as in the BTI;
- Communication is important. They do not have to be central, but heating, electricity and water supply, as well as sewerage, even if individual, are the necessary minimum.
The easiest way to arrange the purchase of a detached house. Acquiring shares with a mortgage is possible if the owner of the remaining part of the building is the client himself. On the other hand, banks have mastered the mechanism for implementing mortgage transactions for the purchase of townhouses.
It is important that the land is surveyed. It allows you to unambiguously establish the actual boundaries of the allotment. The bank needs them to be highlighted not only on the plan, but also physically, on the ground.
Applications for areas with the following purpose are accepted for consideration:
- “for individual housing construction or individual housing construction”;
- “for running personal farming” and the like;
- with some restrictions - agricultural land.
In such transactions, not only homeownership is pledged, but also a plot of land or the right to lease it.
Requirements of banks for borrowers
For clients - citizens of the Russian Federation who want to borrow money to buy a private house, banks put forward the following requirements:
- by age: not younger than 21 years old at the date of registration of the mortgage and not older than 65-75 at the time of its closure;
- by availability of work: the borrower must be employed;
- by registration: temporary or permanent registration in the region where the loan was issued is required;
- It is possible to attract co-borrowers whose total income will allow you to repay monthly payments.
How to get a mortgage on a house
A mortgage to buy a house is implemented as follows:
- a credit institution and program are selected;
- A package of documents for the client is generated. Standardly needed:
- passport;
- confirmation of earnings (card account statement for participants in salary projects, certificates in the form of a creditor or 2-NDFL);
- work book (copy or extract) and so on;
- papers are transferred to the bank. At the same time, fill out the form. You will be given a form when you visit the office;
- Banking services evaluate the client's candidacy. This takes 2-5 working days;
- if the application is approved, you can conclude a preliminary purchase and sale agreement and transfer an advance or deposit to the seller;
- an assessment of the house and plot is ordered;
- Documents on the selected object are provided to the bank. The assessment takes up to 10 working days;
- if the papers do not raise any complaints, they conclude the main purchase and sale agreement, transfer part of the cost of the object, which represents the borrowers’ own funds;
- the transaction is registered;
- after completing the purchase, a loan is issued and the funds received are transferred to the seller;
- insurance contracts are concluded;
- The bank receives confirmation of the transfer of ownership of the house and land, as well as issued insurance.
When buying a house, the building is insured, but the land is not. Life and title insurance contracts are voluntary. The presence of such policies usually allows you to reduce the interest rate on the loan.
Lenders usually provide a small discount on the interest rate to participants in their salary projects.
Many banks set a limit on the validity period of approval for an application. For example, in Sberbank it is 90 days.
For a mortgage, it is more practical to choose houses for which the package of documents is as complete as possible, for example, land surveying has been carried out, redevelopment and extensions have been legalized.
If the transaction is not concluded within the established time frame for one reason or another, you need to reapply for a mortgage.
Mortgage for the purchase of a house with land: documents
A mortgage loan for a home requires the provision of the following documentation:
- certificates of ownership or extended extracts from the Unified State Register;
- fresh (up to 30 days) extracts from the Unified State Register;
- documents certifying the basis for the emergence of property rights (donation agreements, purchase and sale agreements, exchange, etc.);
- cadastral passport;
- floor plan and explication. These documents can be provided as part of the registration certificate.
A house and land assessment report is also provided.
If ownership rights arose during the seller’s marriage, but his spouse is not the owner of the property, consent to the transaction is obtained from the notary. When the owner of the house concludes a marriage contract, this document is presented to the bank. A marriage certificate will also be required.
If necessary, consent to the sale of guardianship authorities is obtained.
The given list of documentation is open. Taking into account the specifics of the transaction, additional papers may be requested.
Which banks give a mortgage for a house?
The largest banks offer loans for the purchase of real estate under several programs, including those that are subsidized from the federal and municipal budgets. Therefore, you should not worry whether a mortgage for a private house is given to young families or other preferential categories of citizens. The answer is clear - they do. You need to study the proposed conditions and choose the most acceptable ones. You can find out more about how to get a loan.
You can get money to buy a private house in:
- VTB 24;
- Sberbank;
- "Moscow Credit Bank";
- Rosselkhozbank;
- Alfa Bank;
- "Energotransbank";
- "Kuban Credit";
- "SKB-bank";
- TransCapitalBank;
- "Zenith";
- "Rosbank".
Mortgage for a private house in Sberbank
Sberbank has developed several products designed to assist in the purchase of home ownership:
- Promotion for young families (rate from 8.6%);
- Purchase of finished housing;
- Mortgage with state support for families with children. The offer is available to those families where the second or third child was born or will be born between 01/01/2018 and 12/31/2022. Rate – from 6%;
- Country estate;
- Military mortgage.
Conditions
At Sberbank, a mortgage for the purchase of a house is:
- interest rate – from 9.4%. 9.1% for the “Showcase” promotion, when housing is selected on the Mortgage website with state support. All offers are available in your personal account. Login - through Sberbank Online;
- own funds – from 15%;
- minimum amount – 300,000 rubles;
- the largest loan amount will not exceed 85% of the value of the property;
- term – 30 years.
Applicants are subject to the following requirements:
- age – 21-75 years (by the date of debt settlement);
- citizenship – Russian Federation;
- length of service - at least 6 months at the last enterprise with a total length of service of at least 1 year over the last five years.
It is possible to obtain a loan using two documents, that is, without confirming financial solvency. The rate will be from 9.6% for young families and from 10.1% for other clients.
Requirements for a house under a Sberbank mortgage
The following requirements apply to a house purchased with a Sberbank mortgage:
- condition – satisfactory, residential;
- it is not being prepared for demolition;
- reliable foundation (brick, concrete, stone, reinforced concrete);
- availability of communications (central or individual);
- the building must be well-maintained and stand-alone.
Sberbank accepts houses with a wear rate of up to 40% as collateral.
The land plot must:
- undergo land surveying;
- have an appropriate purpose (under individual railways).
In addition to technical claims, the bank pays special attention to the area where the house is located. It is important that there are transport interchanges and socially significant infrastructure nearby.
Special conditions are provided for clients receiving salaries on a Sberbank card and employees of client companies.
For convenience, you can use Sberbank's mortgage calculator.
As part of this program, borrowers can obtain a non-personalized credit card with a limit of up to 150 thousand rubles. or personalized with a limit of up to 200 thousand rubles. A mandatory condition is to insure the collateral housing in favor of the bank for the full term of the mortgage.
Mortgage for a private house in VTB24
A cottage can be purchased with a mortgage from VTB24 with the following data:
- rate – from 8.9%;
- amount – 600,000 – 60,000,000 rubles;
- term – up to 30 years;
- share of own funds – from 10%;
- comprehensive insurance (protection of real estate, life and health of the client and title rights).
The following programs are offered:
- Mortgage for secondary housing (consideration of the initial application – 1-5 days);
- Victory over formalities, when a loan is given without proof of income using only 2 documents, but the maximum amount is limited to 30,000,000 rubles, and your own money must be at least 30%. The period for reviewing the application is 24 hours.
Borrowers must have Russian citizenship and be employed either in Russia or in foreign branches of domestic companies.
The so-called “People of Action” (public sector workers) can count on some easing of loan terms.
Rosselkhozbank
Rosselkhozbank will offer to become a homeowner in the following way:
- rate – from 9.5%;
- term – up to 30 years;
- client funds – 25%;
- amount – 100,000 – 20,000,000 rubles;
Borrowers must:
- be aged 21-75 years;
- have 6 months of experience at the last place of employment and at least 1 year in 5 years;
- have Russian citizenship.
"Credit Bank of Moscow"
"Moscow Credit Bank" will provide a mortgage for suburban real estate with the following data:
- rate – from 11.99%;
- loan amount – 700,000 – 30,000,000 rubles;
- term – from 1 year to 30 years;
- personal funds of clients – 20%;
- comprehensive insurance is provided.
The application may be sent to:
- citizens of the country;
- age - from 18 years or less upon registration of emancipation or upon marriage;
- residents of Moscow and the region;
- working at enterprises in these regions.
"Alfa Bank"
At Alfa Bank, a mortgage for the purchase of a house or townhouse will be provided with the following data:
- base rate – 8.99%;
- amount – up to 50,000,000 rubles;
- term – 30 years;
- your funds – from 15%.
Applicants must meet the following parameters:
- citizenship of the Russian Federation or another state;
- age – from 21 years;
- length of service – 4 months with a total length of service of at least 1 year.
It is possible to obtain a loan using only 2 documents.
"Energotransbank"
Energotransbank will provide a mortgage for the purchase of a house, including a cottage or townhouse, under the following conditions:
- rate – from 10%;
- term – up to 25 years;
- minimum amount – 500,000 rubles;
- share of your money – from 10%.
The applicant must be:
- aged 23-70 years;
- citizen of the country;
- employed by the last employer for at least 6 months;
- registered and residing in the region where the bank operates.
A mortgage is allowed if the physical wear and tear of the house is up to 60%, but the minimum number of floors is 2 floors.
"Kuban Credit"
CB "Kuban Credit" provides mortgages for the purchase of real estate in specific villages:
- in the “Cherry Orchard” in Krasnodar;
- at the “Cottage” in Gulkevichi.
The conditions are:
- interest rate from 9.49%;
- own money - from 10%;
- loan amount - without restrictions.
The applicant must meet the following requirements:
- age – 18-65 years;
- citizenship and registration – Russian Federation;
- length of service – 6 months with a total work experience of at least 1 year.
"SKB-bank"
At SKB-Bank they provide loans for the purchase of a house as follows:
- the rate during the first three years of the contract increases either from 12% to 14% with the payment of a special commission, or without it - from 14% to 16%;
- minimum loan amount – 350,000 rubles;
- share of own funds – 20%;
- loan term – 12 years, 20 years or 30 years.
This bank provides loans for the purchase of houses, cottages and townhouses even if the land is under long-term lease and not owned.
Requirements for applicants:
- age – 23-65 years;
- citizenship – Russian Federation;
- registration - in the regions where the bank branch is present;
- experience – from 3 months.
"TransCapitalBank"
TransCapitalBank provides loans for the purchase of residential buildings under the following transaction parameters:
- rate – from 8.7%;
- term – 25 years;
- amount – from 300,000 rubles;
- down payment – 5% when using maternity capital funds.
The loan object is a residential building or townhouse. It is possible that the land plot will be under long-term lease.
Lending to individuals, individual entrepreneurs, and company owners is allowed. They must meet the following criteria:
- age – 21-75 years;
- the total length of service is at least 1 year, and in the last place - from 3 months.
"Zenith"
At Zenit Bank, mortgages are provided under the following parameters:
- rate – from 11.2%;
- term – 30 years;
- amount – from 500,000 to 20,000,000 rubles for Moscow and the region and from 300,000 to 15,000,000 rubles for other entities;
- own funds – from 30%.
Requirements for applicants:
- Russian citizenship;
- employment in Russia.
"Rosbank"
Rosbank will provide a mortgage for a house under the following contract parameters:
- rate from 9.75%;
- term – 25 years;
- client funds – 40%.
Lending is carried out through DeltaCredit Bank.
Requirements for a candidate:
- age – 20-64 years;
- citizenship – does not matter;
- availability of employment. Lending to business owners is allowed.
The purchased house, part of it or a townhouse can also be located on a rented plot.
Special cases
Mortgage for a private house without a down payment
It is currently impossible to obtain a mortgage on an individual railway without your own funds: this type of real estate is considered low-liquidity.
To solve the problem of lack of own funds when purchasing real estate, you can use one of the methods proposed in this article.
Mortgage on an old house
It is possible to take out a mortgage on an old house. Much is determined by the specifics of the region, for example, for St. Petersburg, houses built more than 100 years ago are the norm, as well as by the physical condition of the structure. Difficulties are possible with those buildings that are classified as architectural monuments.
When resolving complex issues relating to the age of the house and its condition, an important point affecting the admissibility of a mortgage is the willingness of insurers to enter into an insurance contract.
There may also be problems with valuation, especially if there are no analogues of the property being purchased in the region.
Mortgage for a wooden house
Mortgages on wooden houses are a reality. The main complaints regarding the structure of the house are made to the foundation. If it meets the requirements described above, then there should be no problems.
Buildings made of timber, adobe, and panel boards are also accepted as collateral. The main difficulty lies in the degree of wear of the structure.
Banks lend to wooden houses if they are no more than 10-15 years old.
Most likely, a loan will be refused if there is a gas water heater in a wooden house, since it is believed that there is a very high risk of fire here.
Mortgage for building a house
Features of a mortgage for building a house are as follows:
- high level of down payment – from 25%;
- construction is carried out on the basis of an individual project;
- Documentary evidence of all expenses is required;
- a contract is concluded and an estimate is drawn up;
- money will be provided in tranches, parts, at the request of the borrower;
- Before registering ownership of a house under construction, other security will be required - a guarantee from individuals or a pledge of other real estate.
Refinancing a mortgage on a private home
Refinancing of a mortgage received for the purchase of a private home is, as a rule, carried out by the same banks that provide loans for this type of real estate. The procedure for this type of collateral is no different from that implemented under mortgage agreements issued for the purchase of apartments.
In 2018, leading banks developed several programs for the purchase of such real estate. The terms of a mortgage on a private home have some nuances that you definitely need to know about.
Which private house is suitable for a mortgage?
Banks are willing to lend for the purchase of real estate on the primary market, take it as collateral, since its liquidity is quite high, and there are practically no problems with the sale in case of refusal to repay the loan. The liquidity of private houses is slightly lower, and the risks of banks when issuing such a loan are higher. The standard interest rate for a mortgage on private real estate is higher than on housing in a new building, but there are a number of programs that allow you to significantly save on payments to the bank.
To secure the loan, you can offer the banking organization other housing, the cost of which is commensurate with the cost of the purchased one.
Sberbank, VTB 24, Gazprombank and other leading financial institutions issue mortgages for the purchase of a house, putting forward the following conditions:
- the value of private real estate is not less than the amount of borrowed funds;
- the house must be free of encumbrances;
- the seller must have ownership of the land under the housing;
- the buyer must provide a real estate appraisal;
- The land plot must be intended for individual construction.
It is much more realistic to obtain borrowed funds for a new brick house with connected communications within the city than for an old wooden house on the outskirts. When issuing a mortgage and calculating its size, banks take into account many factors: the estimated value of private property, location, distance from large settlements or the city center, and the development of infrastructure in the area of construction. The maximum mortgage size for a private house is limited to 70-85% of its value.
Lenders have the following requirements for an individual residential building as a collateral:
- It is not allowed for the building to be in a state of disrepair, and it cannot be included in the plans for major repairs or demolition;
- the roof, doors and windows must be in good working order;
- Only those houses that stand on reinforced concrete, concrete, brick or stone foundations are accepted;
- physical wear – within 40-50%. These figures can be clarified in the technical passport of the building, as well as in the BTI;
- Communication is important. They do not have to be central, but heating, electricity and water supply, as well as sewerage, even if individual, are the necessary minimum.
The easiest way to arrange the purchase of a detached house. Acquiring shares with a mortgage is possible if the owner of the remaining part of the building is the client himself. On the other hand, banks have mastered the mechanism for implementing mortgage transactions for the purchase of townhouses.
It is important that the land is surveyed. It allows you to unambiguously establish the actual boundaries of the allotment. The bank needs them to be highlighted not only on the plan, but also physically, on the ground.
Applications for areas with the following purpose are accepted for consideration:
- “for individual housing construction or individual housing construction”;
- “for running personal farming” and the like;
- with some restrictions - agricultural land.
In such transactions, not only homeownership is pledged, but also a plot of land or the right to lease it.
Requirements of banks for borrowers
For clients - citizens of the Russian Federation who want to borrow money to buy a private house, banks put forward the following requirements:
- by age: not younger than 21 years old at the date of registration of the mortgage and not older than 65-75 at the time of its closure;
- by availability of work: the borrower must be employed;
- by registration: temporary or permanent registration in the region where the loan was issued is required;
- It is possible to attract co-borrowers whose total income will allow you to repay monthly payments.
How to get a mortgage on a house
A mortgage to buy a house is implemented as follows:
- a credit institution and program are selected;
- A package of documents for the client is generated. Standardly needed:
- passport;
- confirmation of earnings (card account statement for participants in salary projects, certificates in the form of a creditor or 2-NDFL);
- work book (copy or extract) and so on;
- papers are transferred to the bank. At the same time, fill out the form. You will be given a form when you visit the office;
- Banking services evaluate the client's candidacy. This takes 2-5 working days;
- if the application is approved, you can conclude a preliminary purchase and sale agreement and transfer an advance or deposit to the seller;
- an assessment of the house and plot is ordered;
- Documents on the selected object are provided to the bank. The assessment takes up to 10 working days;
- if the papers do not raise any complaints, they conclude the main purchase and sale agreement, transfer part of the cost of the object, which represents the borrowers’ own funds;
- the transaction is registered;
- after completing the purchase, a loan is issued and the funds received are transferred to the seller;
- insurance contracts are concluded;
- The bank receives confirmation of the transfer of ownership of the house and land, as well as issued insurance.
When buying a house, the building is insured, but the land is not. Life and title insurance contracts are voluntary. The presence of such policies usually allows you to reduce the interest rate on the loan.
Lenders usually provide a small discount on the interest rate to participants in their salary projects.
Many banks set a limit on the validity period of approval for an application. For example, in Sberbank it is 90 days.
For a mortgage, it is more practical to choose houses for which the package of documents is as complete as possible, for example, land surveying has been carried out, redevelopment and extensions have been legalized.
If the transaction is not concluded within the established time frame for one reason or another, you need to reapply for a mortgage.
Mortgage for the purchase of a house with land: documents
A mortgage loan for a home requires the provision of the following documentation:
- certificates of ownership or extended extracts from the Unified State Register;
- fresh (up to 30 days) extracts from the Unified State Register;
- documents certifying the basis for the emergence of property rights (donation agreements, purchase and sale agreements, exchange, etc.);
- cadastral passport;
- floor plan and explication. These documents can be provided as part of the registration certificate.
A house and land assessment report is also provided.
If ownership rights arose during the seller’s marriage, but his spouse is not the owner of the property, consent to the transaction is obtained from the notary. When the owner of the house concludes a marriage contract, this document is presented to the bank. A marriage certificate will also be required.
If necessary, consent to the sale of guardianship authorities is obtained.
The given list of documentation is open. Taking into account the specifics of the transaction, additional papers may be requested.
Which banks give a mortgage for a house?
The largest banks offer loans for the purchase of real estate under several programs, including those that are subsidized from the federal and municipal budgets. Therefore, you should not worry whether a mortgage for a private house is given to young families or other preferential categories of citizens. The answer is clear - they do. You need to study the proposed conditions and choose the most acceptable ones. You can find out more about how.
You can get money to buy a private house in:
- VTB 24;
- Sberbank;
- "Moscow Credit Bank";
- Rosselkhozbank;
- Alfa Bank;
- "Energotransbank";
- "Kuban Credit";
- "SKB-bank";
- TransCapitalBank;
- "Zenith";
- "Rosbank".
Mortgage for a private house in Sberbank
Sberbank has developed several products designed to assist in the purchase of home ownership:
- Promotion for young families (rate from 8.6%);
- Purchase of finished housing;
- for families with children. The offer is available to those families where the second or third child was born or will be born between 01/01/2018 and 12/31/2022. Rate – from 6%;
- Country estate;
- Military mortgage.
Conditions
At Sberbank, a mortgage for the purchase of a house is:
- interest rate – from 9.4%. 9.1% for the “Showcase” promotion, when housing is selected on the Mortgage website with state support. All offers are available in your personal account. Login - through Sberbank Online;
- own funds – from 15%;
- minimum amount – 300,000 rubles;
- the largest loan amount will not exceed 85% of the value of the property;
- term – 30 years.
Applicants are subject to the following requirements:
- age – 21-75 years (by the date of debt settlement);
- citizenship – Russian Federation;
- length of service - at least 6 months at the last enterprise with a total length of service of at least 1 year over the last five years.
It is possible to obtain a loan using two documents, that is, without confirming financial solvency. The rate will be from 9.6% for young families and from 10.1% for other clients.
Requirements for a house under a Sberbank mortgage
The following requirements apply to a house purchased with a Sberbank mortgage:
- condition – satisfactory, residential;
- it is not being prepared for demolition;
- reliable foundation (brick, concrete, stone, reinforced concrete);
- availability of communications (central or individual);
- the building must be well-maintained and stand-alone.
Sberbank accepts houses with a wear rate of up to 40% as collateral.
The land plot must:
- undergo land surveying;
- have an appropriate purpose (under individual railways).
In addition to technical claims, the bank pays special attention to the area where the house is located. It is important that there are transport interchanges and socially significant infrastructure nearby.
Special conditions are provided for clients receiving salaries on a Sberbank card and employees of client companies.
For convenience, you can use .
As part of this program, borrowers can obtain a non-personalized credit card with a limit of up to 150 thousand rubles. or personalized with a limit of up to 200 thousand rubles. A mandatory condition is to insure the collateral housing in favor of the bank for the full term of the mortgage.
Mortgage for a private house in VTB24
A cottage can be purchased with a mortgage from VTB24 with the following data:
- rate – from 8.9%;
- amount – 600,000 – 60,000,000 rubles;
- term – up to 30 years;
- share of own funds – from 10%;
- comprehensive insurance (protection of real estate, life and health of the client and title rights).
The following programs are offered:
- Mortgage for secondary housing (consideration of the initial application – 1-5 days);
- Victory over formalities, when a loan is given without proof of income using only 2 documents, but the maximum amount is limited to 30,000,000 rubles, and your own money must be at least 30%. The period for reviewing the application is 24 hours.
Borrowers must have Russian citizenship and be employed either in Russia or in foreign branches of domestic companies.
The so-called “People of Action” (public sector workers) can count on some easing of loan terms.
Rosselkhozbank
Rosselkhozbank will offer to become a homeowner in the following way:
- rate – from 9.5%;
- term – up to 30 years;
- client funds – 25%;
- amount – 100,000 – 20,000,000 rubles;
Borrowers must:
- be aged 21-75 years;
- have 6 months of experience at the last place of employment and at least 1 year in 5 years;
- have Russian citizenship.
"Credit Bank of Moscow"
"Moscow Credit Bank" will provide a mortgage for suburban real estate with the following data:
- rate – from 11.99%;
- loan amount – 700,000 – 30,000,000 rubles;
- term – from 1 year to 30 years;
- personal funds of clients – 20%;
- comprehensive insurance is provided.
The application may be sent to:
- citizens of the country;
- age - from 18 years or less upon registration of emancipation or upon marriage;
- residents of Moscow and the region;
- working at enterprises in these regions.
"Alfa Bank"
At Alfa Bank, a mortgage for the purchase of a house or townhouse will be provided with the following data:
- base rate – 8.99%;
- amount – up to 50,000,000 rubles;
- term – 30 years;
- your funds – from 15%.
Applicants must meet the following parameters:
- citizenship of the Russian Federation or another state;
- age – from 21 years;
- length of service – 4 months with a total length of service of at least 1 year.
It is possible to obtain a loan using only 2 documents.
"Energotransbank"
Energotransbank will provide a mortgage for the purchase of a house, including a cottage or townhouse, under the following conditions:
- rate – from 10%;
- term – up to 25 years;
- minimum amount – 500,000 rubles;
- share of your money – from 10%.
The applicant must be:
- aged 23-70 years;
- citizen of the country;
- employed by the last employer for at least 6 months;
- registered and residing in the region where the bank operates.
A mortgage is allowed if the physical wear and tear of the house is up to 60%, but the minimum number of floors is 2 floors.
"Kuban Credit"
CB "Kuban Credit" provides mortgages for the purchase of real estate in specific villages:
- in the “Cherry Orchard” in Krasnodar;
- at the “Cottage” in Gulkevichi.
The conditions are:
- interest rate from 9.49%;
- own money - from 10%;
- loan amount - without restrictions.
The applicant must meet the following requirements:
- age – 18-65 years;
- citizenship and registration – Russian Federation;
- length of service – 6 months with a total work experience of at least 1 year.
"SKB-bank"
At SKB-Bank they provide loans for the purchase of a house as follows:
- the rate during the first three years of the contract increases either from 12% to 14% with the payment of a special commission, or without it - from 14% to 16%;
- minimum loan amount – 350,000 rubles;
- share of own funds – 20%;
- loan term – 12 years, 20 years or 30 years.
This bank provides loans for the purchase of houses, cottages and townhouses even if the land is under long-term lease and not owned.
Requirements for applicants:
- age – 23-65 years;
- citizenship – Russian Federation;
- registration - in the regions where the bank branch is present;
- experience – from 3 months.
"TransCapitalBank"
TransCapitalBank provides loans for the purchase of residential buildings under the following transaction parameters:
- rate – from 8.7%;
- term – 25 years;
- amount – from 300,000 rubles;
- down payment – 5% when using maternity capital funds.
The loan object is a residential building or townhouse. It is possible that the land plot will be under long-term lease.
Lending to individuals, individual entrepreneurs, and company owners is allowed. They must meet the following criteria:
- age – 21-75 years;
- the total length of service is at least 1 year, and in the last place - from 3 months.
"Zenith"
At Zenit Bank, mortgages are provided under the following parameters:
- rate – from 11.2%;
- term – 30 years;
- amount – from 500,000 to 20,000,000 rubles for Moscow and the region and from 300,000 to 15,000,000 rubles for other entities;
- own funds – from 30%.
Requirements for applicants:
- Russian citizenship;
- employment in Russia.
"Rosbank"
Rosbank will provide a mortgage for a house under the following contract parameters:
- rate from 9.75%;
- term – 25 years;
- client funds – 40%.
Lending is carried out through DeltaCredit Bank.
Requirements for a candidate:
- age – 20-64 years;
- citizenship – does not matter;
- availability of employment. Lending to business owners is allowed.
The purchased house, part of it or a townhouse can also be located on a rented plot.
Special cases
Mortgage for a private house without a down payment
It is currently impossible to obtain a mortgage on an individual railway without your own funds: this type of real estate is considered low-liquidity.
To solve the problem of lack of own funds when buying real estate, you can use one of the methods proposed in this.
Mortgage on an old house
It is possible to take out a mortgage on an old house. Much is determined by the specifics of the region, for example, for St. Petersburg, houses built more than 100 years ago are the norm, as well as by the physical condition of the structure. Difficulties are possible with those buildings that are classified as architectural monuments.
When resolving complex issues relating to the age of the house and its condition, an important point affecting the admissibility of a mortgage is the willingness of insurers to enter into an insurance contract.
There may also be problems with valuation, especially if there are no analogues of the property being purchased in the region.
Mortgage for a wooden house
Mortgages on wooden houses are a reality. The main complaints regarding the structure of the house are made to the foundation. If it meets the requirements described above, then there should be no problems.
Buildings made of timber, adobe, and panel boards are also accepted as collateral. The main difficulty lies in the degree of wear of the structure.
Banks lend to wooden houses if they are no more than 10-15 years old.
Most likely, a loan will be refused if there is a gas water heater in a wooden house, since it is believed that there is a very high risk of fire here.
Mortgage for building a house
Features of a mortgage for building a house are as follows:
- high level of down payment – from 25%;
- construction is carried out on the basis of an individual project;
- Documentary evidence of all expenses is required;
- a contract is concluded and an estimate is drawn up;
- money will be provided in tranches, parts, at the request of the borrower;
- Before registering ownership of a house under construction, other security will be required - a guarantee from individuals or a pledge of other real estate.
Refinancing a mortgage on a private home
Refinancing of a mortgage received for the purchase of a private home is, as a rule, carried out by the same banks that provide loans for this type of real estate. The procedure for this type of collateral is no different from that implemented under mortgage agreements issued for the purchase of apartments.
Mortgage lending is an easy way to obtain ownership of real estate. The dream of many people is to purchase their own plot of land with a house. To make this dream come true, Sberbank’s mortgage lending program “Country Real Estate” is ideal. As part of this program, Sberbank provides the opportunity to obtain a mortgage for a house with a plot of land on favorable terms.
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Benefits of the program
The lender on the official website states the following advantages of such mortgage programs:
- No fees for processing and issuing a mortgage loan.
- Availability of favorable interest rates for salary clients (for those who receive wages on a Sberbank card).
- Possibility of attracting co-borrowers to increase the chances of approval of the application.
- Issue of an additional credit card with an amount of up to 600,000 rubles for those who have taken out a mortgage (additional money may be needed for repairs or purchase of furniture, as well as for landscaping).
Such profitable additional features can really attract the attention of customers at the stage of choosing a loan program.
Interest rates
As statistics show, in Russia 60% of loans are issued by one of the large banking institutions - Sberbank. Here you can get a mortgage loan for the purchase of a plot of land with a house at 9.5 percent per annum. This is the minimum starting bid. But it could be even lower. Participants in government housing lending programs can get a mortgage at 9%.
When applying for a mortgage loan, you need to take into account that rates may change upward in the following cases:
- You are not a salary client of Sberbank (+0.5%).
- You refuse to take out a life and health insurance policy (+1%).
- Until the contract is signed, the rate increased by 1% applies.
Thus, salary clients of Sberbank who have taken out life insurance can get a mortgage at 9.5%. Otherwise, the rate will be 10% or 10.5%. For participants in housing programs with state support, the maximum rate will be 9% + 1% = 10% if they refuse insurance.
The indicated interest rates have been in effect at Sberbank of Russia since August 10, 2017.
Important! Sometimes a life and health insurance policy is quite expensive and is not worth taking out for the sake of lowering the interest rate on the loan. Before concluding an agreement with an insurance company, make preliminary calculations and choose the most profitable option: refuse insurance and pay the bank 1% more or take out an insurance policy.
Mortgage terms
Under the “Country Real Estate” program under consideration, you can purchase land, a plot of land with a house on credit, or take out a loan to purchase land with the subsequent construction of a residential property (house, cottage, dacha) on it.
Currently the following conditions apply to the program:
- The loan is issued only in rubles.
- The minimum loan term is 1 year, the maximum is 30 years.
- The minimum amount to be issued is 300,000 rubles.
- The maximum loan amount cannot be more than 75% of the cost of the finished house with land or the construction estimate, as well as the estimated value of the collateral property.
- The amount of the down payment is from 25% of the cost of the property (you can pay more).
- Collateral is the purchased real estate or other property of the borrower.
- To secure the loan, you can attract outside guarantors.
- Insurance of the collateral is mandatory, life and health insurance is optional.
- There are no processing fees.
As you can see, Sberbank offers very favorable conditions for obtaining a mortgage for the purchase of country real estate (finished or for construction).
Bank requirements for obtaining a mortgage
Sberbank has special requirements both for borrowers and their guarantors, and for real estate, purchased and registered as collateral (if it is other real estate). All parties and objects of the transaction must meet the requirements of the bank; only in this case is it possible to formalize the transaction.
Requirements for the borrower, co-borrowers and guarantors
These persons must meet the following parameters and meet the conditions:
- Be no younger than 21 years old and no older than 75 years old at the time of full repayment of the debt, taking into account the loan terms.
- Mandatory Russian citizenship and permanent registration in the Russian Federation.
- The official work experience over the past 5 years must be at least 12 months, and the last 6 months of them must be at the current place of work.
In a situation where the borrower is unable to repay the loan, the co-borrower must do this for him. They sign a loan agreement together and accept equal responsibility for repaying the loan.
To apply for a mortgage at Sberbank, you can attract up to 3 co-borrowers who meet the lender’s requirements. When considering the amount in the application, the income of all persons in aggregate will be taken into account.
The legal husband or wife becomes co-borrowers automatically, regardless of their age and solvency. The exception is the absence of Russian citizenship of the spouse or the presence of a marriage contract prescribing separate property ownership in marriage.
A guarantor is a person who is obliged to fulfill the debt obligations of the borrower if he himself is unable to do so.
Requirements for the property
Real estate purchased with a mortgage most often acts as collateral for the bank, so the bank evaluates its liquidity. The bank can be provided with other property of the borrower, if any, as collateral. The requirements will be the same in both cases:
- the condition of the house is not emergency, the object is not on the list for demolition;
- the foundation is brick, reinforced concrete, concrete, stone;
- wear percentage is no more than 40% (stated in the technical data sheet);
- communications central or individual;
- The house is well-equipped and detached.
Since it is impossible to buy a house without a plot, the lending institution offers. The site must be surveyed and the boundaries must be indicated in documents. The localities where the house will be built must have a category for individual housing construction.
The bank also has requirements for the site:
- have convenient transport interchanges;
- possibility of carrying out engineering communications;
- the land must be owned by the borrower;
- the area must have developed infrastructure around it.
One of the stages of obtaining a mortgage loan is obtaining approval from Sberbank of the selected property. At this stage, the lender will check whether it meets the requirements. If the lender refuses, you will need to find another property.
Documents for obtaining a loan
To apply for a mortgage on a private house at Sberbank, you must provide reliable documentation that will pass a legal check for purity. Registration begins with the borrower and co-borrower providing the bank with:
- Application with personal data for obtaining a mortgage loan.
- Personal documents (passport, basis for changing the last name, if any).
- Confirmation of official employment and length of service at the last workplace (copy of the work record book or employment contract), as well as a certificate of income for the last six months (2-NDFL or according to).
- Documents for the real estate that will be provided as collateral (if the mortgage is issued for a property other than the property being purchased).
Important! Clients who receive wages on a Sberbank card may not provide documents on the third point, since Sberbank already sees the movement of money in their account.
After the mortgage is approved, you will need to submit a few more papers:
- Documents proving the availability of funds to make a down payment (for example, a bank statement, a receipt for receiving money as a loan from relatives, a maternity certificate, etc.).
- Documents for the purchased property (they can be provided within 90 days from the date of mortgage approval).
Additional papers may also be required, which must be provided at the request of the bank (marriage certificate, birth certificate of children, consent of the spouse to provide the purchased property as collateral, etc.).
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If a mortgage is issued for the construction of a house on a purchased plot of land, documents related to construction will be required (building permit, design plan, estimate, contract with a contractor, etc.). In each case, it is better to check with the credit manager for a specific list of required securities.
How to get a mortgage for a house in Sberbank
Obtaining a mortgage is a difficult and lengthy procedure. Many borrowers are worried, not knowing where to start and how to finish the job. To be calm, you need to know what stages the mortgage process consists of:
- Submitting an application for a loan. You can do this online or by visiting the branch in person.
- Making a preliminary decision. If it is positive, the bank will notify you by phone and invite you to the branch.
- Filling out the form and submitting documents for consideration.
- Making a decision on approval or refusal of lending after checking documents by the bank’s security service. This will take from 3 to 5 days.
- Searching for a property to purchase.
- Submitting documents for real estate for verification by the bank for compliance with the requirements.
- Signing a loan agreement with the bank.
- Making a down payment.
- Registration of ownership of real estate in the State Register.
- Registration of a mortgage on real estate in Sberbank.
- Issuing money to the seller.
Thus, with a mortgage from Sberbank you can purchase not only housing under construction or finished in a high-rise building, but also a country house with a plot of land. To do this, it is better to use the special “Country Real Estate” program, designed separately for such purposes, since in this case the most favorable conditions are provided, taking into account the specifics of the real estate sector.
You can get a loan from a bank not only for the purchase of an apartment, but also for a private house, and sometimes an empty plot of land for construction. Below you can learn more about how a mortgage for a private home is issued, what requirements banks put forward, and what are the advantages and disadvantages of the program.
Mortgages for the purchase of a private home are available from some banks.
Features of a mortgage on a private house
Not all banks support mortgage lending for country and private homes. This is due to increased risks. After all, an apartment is a proven product, and a private house is always individual, both in the quality of design solutions and in terms of the legislative framework.
Problems may arise with land plots - not all banks agree to such collateral. Sometimes, in order to obtain a mortgage, the bank requires you to provide other existing property as collateral. In any case, the purchased property will be secured for the period of the loan. You need to start from the fact that there are several transaction options.
Firstly, you can purchase a ready-made house or buy land to build it. And, secondly, if you buy a ready-made house, you can choose the option with or without a plot of land. Agree, with an apartment everything is much simpler. We'll talk about the pros and cons of each option with a private house below.
What is more profitable: buying a ready-made house or land for construction?
Purchasing a finished home is convenient because it allows you to immediately move into a new home; this is a good investment option. For some categories of borrowers (military, young families, public sector employees), preferential lending conditions are available. However, if you lose your solvency, there is a risk of losing your home, and the final overpayment is much greater than when purchasing a plot. And the process of applying for a loan is more complicated.
Having purchased a plot of land, you will need to not only pay money to the bank for it, but also allocate funds for construction. But building a house from scratch is a lengthy and expensive process. The advantages include the ability to control all stages of construction and saving money paid to the bank as interest.
Do I need to choose a house with a plot?
Not all banks agree to issue a mortgage secured by a land plot. The insurable cost of such properties is low, as is the construction loan. The choice of home location in this case is significantly limited.
However, buying a house without a plot has its advantages:
- There is no need to search for an object that meets the parameters of the collateral real estate.
- The borrower may receive additional benefits and bonuses.
- The presence of additional amenities increases the collateral value, and, therefore, the credit limit.
Mortgage for house reconstruction
If you already have a home that is in poor condition, you can take out a mortgage to renovate it. In this case, the collateral object can be not only the house, but also the plot on which it is located. Reconstruction involves changing the layout, erecting extensions or superstructures, replacing worn-out structures or equipment.
Mortgage conditions for a private house
Banks issue mortgages on private real estate for a period of 5 to 25 years. Most of them require a down payment of 10%-30% of the cost of the purchased home. However, sometimes you can get a mortgage without it.
Military personnel and young families can take advantage of preferential lending conditions - many banks have developed separate mortgage products for them. There is no fixed interest rate. Each bank sets its own conditions. But the interest rate is 2-3% higher than in standard programs.
You can compare information from several banks using the table below. However, you should check the relevance of each offer directly with the bank branch.
Mortgage conditions for a private house in different banks.
Real estate requirements
If you want to buy a ready-made private house, it must meet a number of requirements. The main one is liquidity. The bank realistically assesses the possibility of quickly selling a house if unforeseen situations arise.
- The foundation and load-bearing walls must be made of concrete blocks or bricks. The house itself can be frame, concrete, wood, gas or foam concrete. However, you are more likely to get a mortgage on a brick or concrete house than on a wooden building.
- Objects in disrepair, those preparing for demolition, or those with a degree of wear of more than 60% are not suitable.
- The Bank does not consider real estate encumbered by the rights of third parties.
- Architectural monuments will not be considered.
- Some institutions require that the building be located in the region where the mortgage is issued.
A mandatory real estate appraisal is required. The bank will use the resulting figure as a basis when determining the credit limit. The distance of a private house from the city, roads, infrastructure, the status of the land plot (village or city), and the availability of communications will be taken into account.
Requirements for the borrower
They do not differ from the requirements put forward by banks when applying for a standard mortgage. This takes into account not only solvency, but also the presence of other property owned by the client - real estate, car.
- The client's age must be 21-65 years. In some banks, the upper limit for women is 55 years old, for men – 60 years old.
- Russian citizenship is required. Sometimes registration in the region in which the loan is issued and the house is purchased is also required.
- Good credit history.
- Employment at the last place of work for at least six months, total experience - more than 1 year.
- Confirmation of permanent income with a certificate in the form of a bank or 2 personal income tax.
Required documents
To apply for a mortgage, you will need to bring to the bank documents confirming the client’s solvency, as well as those related to the property being purchased. Among them: cadastral plan and passport, ownership documents, technical passport, original extract from the Unified State Register, pension certificate, Taxpayer Identification Number (TIN), assessment of the property by an independent expert, certificate of income, account statement confirming the availability of funds for the down payment.
Stages of obtaining a mortgage
- The first stage of registration is submitting an application to the bank. At this stage, the borrower will need a minimum package of documents.
- Consideration of the application can last up to 5-10 days, after which the bank either agrees to sign the agreement or refuses. Moreover, they do not necessarily motivate the reason for refusal.
- If you agree, you must begin searching for a suitable private home. Usually six months are given for this - that is how long the positive decision of the bank is valid.
- Once the property has been selected, you can begin collecting the necessary documents for it. In addition to all of the above, you will need a certificate of absence of any debts and permission from the guardianship authorities to carry out the alienation (if necessary).
- Carrying out property valuation. The final credit limit depends on this.
- Insurance of the selected property. Some banks also require insurance of the life and health of the borrower and property rights. In case of refusal, the annual rate is increased by 1%-2%.
- The final stage is the signing of a loan agreement and the execution of a security or mortgage, which confirms the rights and obligations of the client.
Bank offers
Mortgage programs in banks are often updated, so you can find out about current offers in branches. Below are the programs that were most in demand.
Against the backdrop of the ever-increasing interest of buyers in suburban real estate, today more and more banks are beginning to provide loans that help buy with mortgage m. This article will help you understand the features of such a banking service and get acquainted with its basic conditions.
It must be said that until recently banks were not very interested in lending for the purchase of individual houses: the negative attitude of creditors towards this type of service that developed after the 2008 crisis was due to a sharp decrease in the liquidity of residential buildings and a simultaneous increase in the number of debt defaults. But the financial situation in the country is gradually stabilizing: the number of people not only wanting to purchase a house with a mortgage is increasing, but also those who have the opportunity to do so; lending risks are reduced - and banks are beginning to intensively develop this area, offering flexible programs and easing mortgage conditions.
Differences between “apartment” mortgage and “country” mortgage
An apartment, like an individual residential building, is a piece of real estate. So why do banks give loans for the purchase of an apartment with pleasure, but even today they do not always give a loan for the purchase of a house?
To answer this question, you need to understand and understand: what is the goal for the bank? Of course, making a profit. It is very important for the bank that the client pays correctly. But if the borrower cannot return the money, then the lender resorts to securing the fulfillment of the obligation - taking the collateral. And the higher the liquidity of the collateral, the faster the bank will return the money. As a result, a major influence on the attractiveness of a particular type of real estate lending is the liquidity of the collateral, which, in most cases, is the mortgaged property.
The current conditions in the real estate market make it possible to sell an apartment within the city much faster than a country house. This is due not only to its “urban” location, but also to the individual characteristics inherent in a private house: the apartment is “universal”, and the house has its own architectural and engineering features, created at the request of the owner.
It is quite natural that what one person likes is not always to the taste of another. Therefore, if the bank has to sell the property, it may take quite a long time until a new owner of the house is found - someone who will like it. And the bank will not only not be able to quickly return the money, but will also incur costs for maintaining this asset.
Another difference between a house and an apartment is the presence of land on which it is built. In most cases, when buying a house, the buyer also purchases a plot of land, which is a separate piece of real estate. The purchase of land is regulated by its own legislative acts, and the procedure itself is still quite lengthy and has a number of difficulties.
The problem of obtaining a mortgage for a country house is also the difficulties associated with its assessment: in this case, not only the value of the building itself is analyzed, but also the land plot. The following are taken into account: distance from the city, direction, prestige of the place, availability of communications and access roads, reservoirs and infrastructure and many, many other characteristics.
The difficulty of assessment also lies in the fact that each house is individual, and therefore it is impossible to find “correct” analogues for such objects. If the property being assessed is located in a cottage community, then it is easier to establish its market value. But a small house located somewhere in the wilderness will cause a lot of difficulties for the appraiser. Difficulties with the assessment and its subjectivity, in turn, will not please the bank, since doubts will arise about the reliability of the value of the object. The bank has doubts - it is more difficult to obtain a mortgage.
Another problem with mortgages on country houses is the considerable additional costs of insuring them: after all, if the house being purchased is collateral, it must be insured, and this will increase the already considerable cost of purchasing country property. By the way, the borrower’s refusal to insure real estate may not be an obstacle to obtaining a loan, but it will definitely increase the risk of the transaction for the bank, and therefore will entail an increase in the interest rate on it - it will be about 16-20%. In addition to home insurance, the bank will most likely require insurance for the borrower's life and disability. You need to be prepared for this.
Houses with a mortgage
The bank agrees to finance the purchase of not every residential building:
- The materials from which this house is built are of great importance, and this is not surprising - the properties of the material of a particular structure directly affect the durability of the house. Preference is given to brick and stone houses with a poured foundation, but wooden houses practically do not inspire confidence among lenders.
- The condition of the house is taken into account: whether it needs major repairs or minor cosmetic improvements. It is clear that no one will immediately move into a dilapidated, long-abandoned house; first, they will need to invest additional funds in it.
- Buildings located in cottage villages are easier to credit than houses in remote villages. And what matters here is not only the access roads, but also the prestige of the area: no one can guarantee that if the bank is forced to sell this property, there will quickly be someone else who wants to retire hundreds of kilometers from civilization, where you can only get there by an SUV passing everywhere.
- The presence of centralized communications or at least the possibility of connecting to them is taken into account. The majority of people are still attracted by the benefits of civilization: few people want to carry water in buckets from a common well and look at a flashing light bulb connected to a generator. If water, electricity and gas cannot yet be brought to the house, then it is desirable to have a modern replacement for a centralized connection.
This is why you should not make a down payment on a house until you have received the bank's consent to purchase it. And, even if it seems to you that all the conditions are ideal for both parties, there is no absolute guarantee that the bank will agree to purchase this particular house. It is quite possible that the bank will be satisfied with your candidacy as a borrower, but you will have to look for another house.
Who can get a mortgage
The main requirement for a candidate to obtain a mortgage for a country house is his solvency. And since the amount given is very considerable, the salary in this case should be quite high. When considering the possibility of issuing a loan, banks take into account not only official income, but also the prospects of the borrower at his place of work, as well as the reputation of the employer himself.
Don't know your rights?
The most successful age for applying for a mortgage is considered to be from 35 to 45 years. At this age, a person already has a certain stability, he achieves certain successes at work, and proves himself to be a specialist who, even if he loses one job, can easily find another. And retirement is still a long way off.
If your own income is not enough, you can attract co-borrowers, whose income will also be taken into account by the bank when deciding whether to issue a loan. Let us remind you that spouses, by law, become co-borrowers and co-owners of the purchased real estate automatically (unless the marriage contract indicates otherwise). Co-borrowers can be not only relatives and individuals, but also any other citizens, as well as organizations (for example, an employer).
Loan collateral
A mortgage on a country house is impossible without collateral, to which the bank imposes the main condition: its estimated value should be slightly more (10-15 percent) than the amount of loan funds received. Very often, people expect to take out a mortgage on the security of the property that is being purchased with it. However, the bank may not agree to this if the house seems low-liquidity to it. In such cases, the borrower can pledge other property - for example, an apartment within the city.
The property pledged must be free of any “problems” or encumbrances. According to the Law “On Registration of Rights to Real Estate” (Federal Law No. 122 of July 21, 1997), any changes in rights to real estate, information about transactions with it are entered into a special Unified State Register. From it you can find out about all the rights holders to the house, as well as about the possible presence of restrictions. The procedure for obtaining a mortgage may be delayed due to a meticulous check of all title documents if the house for sale has had several previous owners.
As additional measures to ensure the fulfillment of loan obligations, the bank may impose a requirement on the borrower to attract a guarantor. For what? If the borrower becomes insolvent, the remainder of the loan will be paid by the guarantor instead. However, in the future the guarantor may make a recourse claim to the borrower for reimbursement of his expenses. But if the latter does not have the money to repay the debt to the bank, then it is unlikely that they will suddenly appear to pay off the guarantor. If the mortgage amount is large, you can involve several guarantors and share the responsibility between them jointly and severally.
Land and mortgage
A country house stands on land, therefore, along with the rights to the house, the rights to the land must also be transferred. Since in this case there are actually two real estate objects, the procedure for checking documents and registering the transfer of rights becomes longer and more complicated. As we have already said, land registration today has not yet become a problem-free process. The relatively recently entered into force law “On the State Real Estate Cadastre” (Federal Law No. 221 of July 24, 2007) has not yet made it possible to develop a clear mechanism of action in this area of legal relations: paperwork and bureaucratic delays make the process of registering a land plot a long procedure with a lot of difficulties and surprises.
In addition, the plot of land is not always owned by the seller of the house - he can also rent it, and this will entail the renewal of the lease agreement to the new owner of the house. However, there are no guarantees that such re-registration will take place.
Land in general can be common property: in some settlements all objects are built on a single plot, and no division is made for each house. However, banks have an extremely negative attitude towards the situation of common ownership of land. The reason is the same numerous difficulties in selling the property in case of non-repayment of the mortgage loan.
Such different conditions
The cost of an individual home can reach several million rubles or even tens. Let us say right away that it is unlikely that any bank will issue a mortgage for the purchase of a cottage, townhouse or other type of country house without a down payment. The size of the first investment in different banks varies significantly - depending on the policy of the bank itself and the period for which the loan is taken. If we talk about average figures, initially it is necessary to contribute from 10 to 40% of the cost of the property.
For small houses, a number of banks allow the use of maternity capital as a down payment, one of the intended purposes of which is precisely to improve living conditions through the purchase of real estate.
Mortgage conditions in each bank also vary greatly: the lending scheme for the purchase of a country house is quite flexible. Loan rates depend (average - about 15%), mainly on the term of the mortgage and the size of the down payment. The presence of guarantors can also affect the amount of interest. As for the terms for which such loans are issued, it is 15-20 years, but some banks agree to “wait” up to 30 years.
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