Mortgage for the construction of a private house in the Moscow region. Targeted loan for building a house Is there a mortgage for construction?

Currently, Tinkoff Bank is actively developing products for business. In this article we will look at how to open a current account for an LLC in Tinkoff.

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Fear is one of the most powerful feelings that is familiar to everyone. It helps to avoid many dangers, but at the same time it often becomes obstacles to new opportunities and changes. In this article we will talk about phobias related to money.

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Increasing the loan rate: legal or not

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The bank demands to repay a loan that I did not take out. What to do?

A letter from an unknown sender or a call from an unfamiliar number usually does not bode well. At best, they will load you with advertising, or even give you an unpleasant surprise. Such a surprise may be the bank’s demand to repay a loan that the person did not take out. We will tell you how to behave in such situations in this article.

• Legislation

  The State Duma of the Russian Federation proposes to simplify mortgage refinancing for families with children

  Parliamentarian Irina Yarovaya introduced a “technical” bill to the State Duma to facilitate the process of refinancing housing loans. In 2019, Russian President Vladimir Putin ordered to provide citizens with affordable mortgages. In particular, we are talking about loans at less than 8% per annum and preferential programs for those families where the second was born

  14 Jan 2020

• Banking discussions

  ONF: courts must lead mortgage debtors by the hand to meetings

  The debtor must be aware that legal proceedings are beginning regarding his mortgage debt. In the case where the subject of the pledge is the citizen’s only home, he should be forcibly brought to court. This is the conclusion reached by the ONF. Anton Kanunnikov, an expert at the front-line project “For Borrowers’ Rights”

  13 Jan 2020

• Changes in rates

  "Cranberry" reduces rates on "demands" and mortgages

  The retail brand of Ural FD Bank has increased the attractiveness of certain branded loan programs. The mortgage rate has been reduced to 9.49% per annum. Loans for consumer purposes can be issued at 10.5% per annum. The most favorable lending conditions are provided to salaried clients and clients with a good credit history. Loans

  28 Nov 2019

• RSHB issues mortgages at 5.17% per annum

  Rosselkhozbank offers to issue mortgage loans at a rate of 5.17% per annum. The promotion is relevant for those wishing to purchase apartments from partners of a credit institution. The promotional offer applies to new buildings in Moscow, the Moscow region, Bryansk, Kaliningrad and Smolensk. The developers are the companies “A101”, “A101 Development”,

  15 Jan 2018

• Surgutneftegazbank extended the terms for issuing partner mortgages

  Until the end of October, Surgutneftegazbank will continue to issue mortgage loans at a preferential rate of 10.35% per annum. The preferential mortgage program applies to real estate properties sold by partners of the credit institution. Among them are SeverStroy Group of Companies, Zapsibinterstroy LLC, Partner-Stroy JSC, RDI Company, and the District Housing Fund.

  13 Nov 2017

• Changes in rates

  Mortgages from Alfa-Bank have become more affordable

  The rate on Alfa-Bank's mortgage programs has been reduced for residents of Moscow and the Northern capital to 9.49% per annum. The rate does not depend on the size of the down payment (the minimum down payment is 15% of the value of the property) and the loan term (maximum 30 years). The bank issues mortgage loans for the purchase of apartments

  03 Oct 2017

• Who's better

  Bank Zenit is a leader in the volume of issuing “military mortgages”

  In the first 6 months of this year, Bank Zenit, within the framework of the state mortgage system implemented by the Federal State Institution Rosvoenipoteka, issued mortgage loans worth 1.1 billion rubles. The credit institution entered the TOP 5 banks in Russia in terms of the volume of issuing “military mortgages”, taking first place in the “military mortgage” rating among private Russian

  14 Sep 2017

• Changes in rates

  Bank Vozrozhdenie has reduced the mortgage rate on the secondary market

  Bank Vozrozhdenie plans to significantly increase the volume of mortgage loans issued in 2017. The first step towards the goal was to reduce the interest rate and the amount of the down payment on the “Apartment” tariff plan. According to the updated conditions, the rate on the product is from 11.75% per annum, the minimum allowable share

  March 23, 2017

How much loan can I expect?

The bank always approves the maximum amount that it can issue to the borrower and co-borrowers specified in the application form. However, the loan amount cannot be more than 85% of the value of the property you have chosen.

I was denied a loan. Why? What to do?

The bank does not explain the reasons for the refusal, as this would lead to the disclosure of the borrower assessment system, which is a trade secret. There are potentially about twenty parameters of the borrower and co-borrowers that this system can rely on.

If the bank refuses you, you can reapply for a loan within the period specified in the accompanying text of the refusal. In some cases, you can reapply immediately.

How to increase your chances of getting a mortgage with a small official salary?

For example, you can apply for a loan with a certificate in the bank form instead of a 2-NDFL certificate. An income certificate in the form of a bank is an alternative document that is accepted by the bank as confirmation of the borrower’s income, but in which additional earnings can be taken into account.

I am an elderly person, will they give me a mortgage?

You can take out a mortgage until you turn 75 years old. For example, if you are 65 years old, you can take out a 10-year mortgage.

If I receive a salary on a Sberbank card?

Salary clients of Sberbank, depending on other loan conditions, may receive additional benefits. At the same time, benefits are available if any of the co-borrowers is a salary client.

· If over the past two months you have had at least one salary deposited onto your Sberbank card or account, you can receive a discount on your rate.

· If you have had your salary credited to your Sberbank card (account) in at least 4 of the last 6 months, you will not need to additionally upload an income certificate and a copy of your work record book.

How can I find out the overpayment on my future loan?

You can see the amount of overpayment by registering in your personal account. After registration, click on the calculation panel and you will see the overpayment diagram in the calculator.

Is it profitable to buy a life and health insurance policy for the borrower?

Life and health insurance in the insurance company Sberbank Life Insurance LLC or other companies accredited by Sberbank allows you to reduce the loan rate by 1%.

Considering the purchase of the policy, you will actually save about 0.5 percentage points on the rate. In addition to saving on the rate, the policy fulfills its immediate purpose - the insurance company will pay the bank the balance of the debt on your mortgage loan upon the occurrence of an insured event (disability or death).

I am a citizen of another country, can I get a mortgage?

Mortgages from Sberbank are issued only to Russian citizens.

Who can be a co-borrower?

Most often, co-borrowers are relatives of the main borrower - spouse, parents, children, brothers and sisters. In total, you can attract up to 6 co-borrowers. If you are married, your spouse must be a required co-borrower. Exceptions are possible if a marriage contract is concluded between the spouses.

How to use maternity capital for a mortgage?

You can use maternity capital funds in whole or in part as a down payment when obtaining a mortgage. You can use only maternity capital or the sum of maternity capital and own funds. For the minimum down payment amount, we recommend using the DomClick calculator.

When using maternity capital funds, it is important to agree with the seller on the procedure and deadline for receiving maternity capital funds, since this amount is not transferred from the Pension Fund immediately.

What additional costs will there be when applying for a mortgage?

Depending on the type of property and the selected set of services, when applying for a loan you will need to pay:

· Evaluation report – from 2,000₽ depending on the region and appraisal company (required for assessing the collateral);

· Insurance of the collateral (for the purchased apartment) - directly depends on the size of the loan;

· Life and health insurance of the borrower (not mandatory, but reduces the loan rate) - directly depends on the size of the loan;

· The state fee for registering a transaction in Rosreestr is 2,000₽ at independent registration or 1,400 ₽ for electronic registration instrations (this is an additional service and is paid separately);

· Renting a safe deposit box and paying for access to it (when buying a secondary home for cash) or paying for a secure payment service - from 2,000₽ .

The cost of services is approximate. Check the exact cost on the websites of the relevant services.

Which is better: new building or resale?

As a rule, an apartment or apartments in a new building are purchased directly from the developer, while resale apartments are purchased from the previous owner.

No one lived in the new building before you, the price per square meter is less than that of an apartment of the same class in the secondary market, there are promotions from developers, more modern layouts, however, you will not be able to quickly register at your place of residence, the elevator and gas will not be turned on until Most of the residents will not move in; most likely, they will have to wait for the development of infrastructure and the completion of repairs from the neighbors.

As a rule, you can move into a secondary property and register immediately after purchase; the infrastructure around it is already developed, however, most likely you will have to be content with a standard layout, worn-out communications, and you will need to check the legal purity of the property and the parties to the transaction.

What is the processing time for a loan application?

Review of the application does not exceed two days, but most clients receive approval on the day of application.

How does the process of obtaining a mortgage from Sberbank through DomClick work?

Depending on the type of property and other parameters, the process of obtaining a mortgage may vary.

However, the first stage is the same for everyone - submitting an application for a loan. To apply, calculate the loan using the DomClick calculator, register on the website, fill out the form and attach the necessary documents. Review of the application does not exceed two days, but most clients receive approval on the day of application.

If you have not yet selected a property, you can start doing so immediately after receiving approval from the bank, when you find out the maximum loan amount for you.

When the property has been selected, upload the necessary documents in your DomClick account.

Within 3-5 days you will be informed about the approval of the property you have chosen. You can choose a convenient date for the transaction, which is carried out at the Sberbank mortgage lending center.

The last stage is registration of the transaction in Rosreestr. Congratulations, you're done!

Why register on DomClick?

After registration, you will have access to a consultant’s help in the chat and a borrower’s questionnaire. Registration allows you to save your data so that you can return to filling out the application at any time. After receiving loan approval in the borrower’s personal account, you will be able to communicate with your manager, send documents to the bank online and receive the services necessary to obtain a mortgage.

How do I find out the bank's decision?

Immediately after consideration of your application, you will receive an SMS with the bank's decision. A bank employee will also call you.

Mortgage lending is a very popular way to purchase housing. And if a mortgage on an apartment is a fairly common phenomenon that does not raise a lot of questions, then a mortgage agreement for the purchase of a country or private house has its own characteristic features. The topic of today's article: mortgage on a private house. Let's consider how and where it is more profitable to register, what stages and in what sequence will need to be completed in order to get your own private housing.

Distinctive features of a mortgage on a private house

Not every banking organization is ready to provide credit funds for the purchase of a private home. This is due to the high risks of such a transaction. The risks are due to the fact that private and country houses have low liquidity.

If an apartment, in particular a new building, sells fairly quickly and well by real estate standards, then it will be somewhat more difficult for the bank to sell a private house. In this regard, there are special conditions for processing such transactions. Well, interest rates are correspondingly higher. But you can still take out a mortgage on private houses. If there is such a need, then banks formulate their own proposals.

It’s worth noting right away that not all banks create such offers. We’ll look at which banks provide a mortgage for a private home a little later. Now it is important to determine the basic conditions. And one of the main requirements is the availability of real estate as collateral.

Banks are very reluctant to issue land as collateral. It is much more profitable for a banking company if clients provide an apartment as collateral that is commensurate with the value of the loan agreement. Of course, this is not a prerequisite; it is possible to register the purchased property as collateral. But the approval rate for loans where a city apartment is used as collateral is much higher.

The second distinctive feature is that you can purchase land or a private finished house with a mortgage. In both cases, the land must be owned by the borrower. A plot of land may also be attached to the house. All these nuances are reflected in the terms of the contract. Let's consider these cases separately.

In terms of interest on a loan agreement, a finished house is a more attractive option. In addition, there are often conditions for social benefits, such as mortgages for young families, military personnel and other types of discounts.

The risks are that if the purchased property is the only property of the borrower, and it is pledged to the bank, then in the event of loss of solvency, you may be left without housing at all.

Is it possible to get a mortgage for a plot of land without a house? Yes, you can take the plot itself to build real estate. The limitation is that the property being built must be residential and not be used for commercial purposes. The interest rate conditions here will be somewhat stricter, but in this way you can save on the cost of housing, since the entire construction process can be independently controlled.

They will also provide a mortgage for the reconstruction of owned real estate. This type of financing is justified if the house is partially worn out and requires replacement of the worn-out structure. Also, this type of contract implies additional buildings or superstructures and complete redevelopment.

Then you should wait for the banking company’s decision on the possibility of issuing a loan. This decision may take up to 10 business days. If there is no response, you can contact the bank again.

If the decision is positive, and a certain loan amount is pre-approved, then you should select the necessary housing within these limits. A period of six months is allotted for this. After selecting the option you like, you should order an appraiser and gradually provide the required package of documents to the bank.

After which the bank will make a final decision on the available mortgage amount and offer options for risk insurance. It is worth considering that real estate insurance is a prerequisite; life and health contracts, as well as title insurance, are not required. But thanks to them you can save on interest rates.

As a result, a date for execution of the contract will be set. The transaction will be financed. And the rights and obligations of the parties will come into force. From this moment you can begin to repay the debt and use your new property.

What do banks offer?

Let's look at the offers using the example of two large-scale banking organizations: Sberbank and VTB 24. The rest of the offers on the market will be approximately similar, but we recommend that you do not dwell on several options, but consider as many banks as possible.

Sberbank

Sberbank is ready to provide from 300,000 to 20 million rubles at 14-18%. A person whose age is from 21 to 65 years. In this case, it is worth preparing a down payment of at least 30%. And the term of the contract will be no more than 30 years. A mortgage for a private home from Sberbank is also suitable for various social categories, such as young families and military personnel.

Bank clients, as well as those borrowers who additionally take out comprehensive mortgage insurance, can take advantage of the reduced interest rate. According to the collateral agreement drawn up at Sberbank, in the event of non-payment of the loan, the banking organization has the right to use the collateral at its discretion.

4.6 / 5 ( 7 votes)

You can get a mortgage loan not only for a finished house, but also for premises that will be built in the future. However, not all banks provide such a service in 2020. Today you can find several offers - from Sberbank, Rosselkhozbank and some other credit institutions. TOP 5 favorable conditions, as well as ready-made instructions for applying for a mortgage for building a house can be found in the article.

Banks mainly provide loans for finished housing - primarily apartments and secondarily private houses. However, there are several offers on the market for financing the construction of your own individual housing construction home. Here are 5 current loan programs from different banks.

* The interest rate is guaranteed to be reduced if a down payment of 50% or more is provided; the size of the reduction is determined individually.

Requirements for the borrower and a set of documents

Different banks may have slightly different requirements for borrowers, but in general they are approximately the same:

1. Citizen of the Russian Federation.
2. Age from 21 to 65-75 years (at the time of making the last payment).
3. Having at least a year of official experience (in the last position – from six months).
4. Availability of a sufficient level of officially confirmed income (salary, profit from business activities, etc.).
5. The need to attract co-borrowers is up to 3 people.

As for documents, they can be divided into 2 packages. The first set is provided for approval of the application:

• application (drawn up on site)
• passport of the borrower and passports of all co-borrowers, if available;
• certificate 2-NDFL and work book (also for each applicant);
• documents on the pledge (if a pledge is also provided).

After the application is approved, the borrower additionally provides the following documents:

1. Documents that confirm the availability of a sufficient amount for the down payment (this could be account statements, payment papers, etc.);
2. Documents related directly to the construction project (for a land plot, certificates with estimates confirming the cost of construction, etc.).

The bank may also ask you to bring other papers. For example, at Sberbank, newlyweds can take part in the “” program to receive discounts on interest rates. To do this, you need to bring a marriage certificate (not required for single-parent families) and a child’s birth certificate.

What to pay attention to: 7 features of a loan

A loan for building a house has the same characteristics as other types of mortgages, but at the same time it has significant differences. The general features are as follows:

1. A mandatory down payment is required, which can reach 15%-50%.
2. The collateral must be transferred in favor of the bank.
3. Interest rates are quite low.
4. A tax deduction is provided annually, which is calculated as 13% of the amount of interest repaid. Only officially employed citizens can apply for a deduction; to receive compensation, they contact their accounting department with a corresponding application.

However, there are several differences:

1. It is impossible to provide the house itself as collateral, since it is only supposed to be built. Therefore, either a plot of land or another piece of real estate is transferred, if this is provided for in the contract.
2. The Bank only considers certain areas/sites/territories for construction. The application may be approved for construction in a relatively developed microdistrict - for example, in a cottage community.
3. To determine the total loan amount, the client must provide estimate documentation that confirms the cost of construction.
4. Often the loan is divided into 2 parts - before and after putting the house into operation; Moreover, the rate during the second period may be slightly reduced.
5. In some cases (for example, at Sberbank) you can get a deferment on the payment of the principal debt during the construction phase (maximum period 2 years). During all this time, the borrower will only pay off interest (if you wish, you can also pay off the debt - then the overpayment will be less).
6. The property is subject to compulsory insurance in case of damage or loss. Insurance is paid monthly (the amount depends on the value of the house) at the expense of the client.
7. The loan for construction is provided not in the entire amount, but in parts, as the budget approved according to the estimate is spent.

These conditions may vary depending on the specific bank, so before contacting the branch you should further clarify the information about the features of a mortgage for the construction of your own home.

Step-by-step instructions for obtaining a construction mortgage

In general, the sequence of actions of the borrower looks like this.

Step 1. Determining the construction site

First of all, it is necessary to determine the construction site and clarify whether the bank is issuing a loan specifically for objects that will be built on this territory. This requirement is not strict, because in some cases the client can provide other property as collateral - for example, an apartment (if it is not the only one).

However, the collateral also has its own requirements (condition, area, location, presence of a separate bath/toilet, etc.). In addition, the cost of collateral is always significantly lower than the market value - in this way the bank insures itself against additional risks.

Step 2. Determining the estimated cost of the project

This is a very important stage, since the bank must not only know the exact amount of the loan, but also understand where it came from. Justification of the cost is carried out during the preparation of the project estimate, i.e. a detailed budget describing all types of costs. Based on the estimated project, the total size of the loan is determined, as well as the down payment.

Step 3. Submission of documents for approval of the application

As a rule, relatives act as additional borrowers, but they can be any other persons with a stable financial situation. If the client is officially married, he is obliged to involve his spouse as a co-borrower. However, this requirement is excluded if a prenuptial agreement was previously signed between the husband and wife establishing separate ownership of property.

Step 4. Obtaining a loan and starting construction

In most cases, funds are issued in installments for the development of a specific stage of construction or preparation for it. The borrower should clarify in advance the schedule for disbursing funds, the grace period for payments, as well as the interest rate before and after completion of construction work.

Many people who decided to build their own private home were faced with the problem of lack of money. If they are hesitant to take out a loan to build a cottage, they have only two options:

Start building a house “slowly”, that is, spend money on construction that can be spent at the moment, then save a little more and advance a little in construction - pros: you won’t have to pay interest on the loan, which will also be considerable if you borrow a large amount of money; cons- so your house will be built over ten to twenty years, sometimes longer, or you will not finish construction at all;

First, save up the entire amount of money to build a house, and then spend all this money on building a house - pros– again, you won’t have to pay interest; cons- and again, wait until you have enough money to build a house; you will need who knows how much.

There are people who are satisfied with such solutions to the problem, but many act more rationally - they take out a loan to build a country house.

Distinctive features of a loan for the construction of a country house

• the need to provide collateral and/or guarantors;

• the first payment, as a rule, is at least 30% of the loan amount provided by the bank;

• high interest rates (this is explained by the fact that for a bank issuing a loan for a large amount is associated with a certain risk in the event of force majeure - loss of employment, etc.).

What types of loans are there for the construction of a private house?

There are three types of home construction loans, each with its own advantages and disadvantages. In fact, all banks issue loans for building houses. In Russia, the most popular VTB24, Gazprombank, Home Credit Bank, Sberbank will issue you a loan for building a house without any significant problems.

Mortgage

Its distinctive feature is that money is issued on collateral; as a rule, real estate is pledged.

Pros:

Low interest rates (8-14% in rubles);

Fewer requirements (classic document verification: passport of a citizen of the Russian Federation, certificate of income for the last 12 months, etc.).

Cons:

When taking out a mortgage loan, a property that has already been completely built is most often pledged, so there is little chance of getting a loan for construction by offering a plot of land on which the house will be built as collateral.

Targeted loan

It is determined by the fact that the borrower does not have the right to spend the money on anything other than what the funds were borrowed for.

Pros:

Obtaining such a loan is much easier, since the borrower usually prefers clients who have planned expenses, clients who immediately know what they will spend the money on;

Low rates (much lower than for a consumer loan, on average from 6 to 9%);

Cons:

Registration of a larger package of documents than when obtaining loans of other types;

It is difficult to obtain a targeted cash loan because it is much less risky for the bank to contact the construction company that you hire to build your private home.

Consumer loan

The most common type of loans today. It differs from others in that it is given for almost any purpose that does not have to be specified.

Pros:

Obtaining such a loan will not be difficult; on average, it is issued to about eight out of ten people.

Cons:

High interest rates, for example, Sberbank issues consumer loans at an average of 13-15%, URALSIB Bank - from 15 to 22%;

A small amount (on average, up to three million rubles, which is hardly enough to build a private country house).

How to get a loan to build a country house?

Since building your own country house costs a lot of money, the bank’s risk of losing its money in the event of a stop or termination of construction is very high. Therefore, the bank will most likely require collateral in the form of the land plot on which you are going to build a house, if, of course, this plot has a sufficient nominal value.

If the bank refuses to provide a construction loan with collateral as a land plot on which a house will later appear, there are other options, for example, increasing the number of guarantors or pledging some other real estate or property in your possession.

Please note that to receive a loan you must be over 21 years old.

To obtain a loan for the construction of a residential building, as well as to obtain other types of loans, you must provide the bank with the following documents:

• ID card (passport of a citizen of the Russian Federation);

• a certificate of the monthly income you receive, the income of the last twelve months and the place of work;

• provision of real estate and/or private property as collateral;

• provision of guarantors, sometimes not one, but several.

The last three points are not always required, but they can help you very profitably when receiving a loan with reduced interest or various bonuses.

Pros of taking out a loan to build a house

This was already mentioned at the beginning of the article. A loan for building a house will help you realize your dream of your own country house much faster than if you saved up funds.

Disadvantages of taking out a loan to build a house

The disadvantages of taking out a loan to build a residential building are, in fact, the same as taking out any loan. You will have to pay interest. There are two disadvantages here:

1. Paying money monthly is a responsibility that not every person can take on. You should think seriously before taking out a loan to build a country house. You must be a sufficiently organized and responsible person to honestly fulfill all the terms of the contract.

2. The second point is the interest on housing construction itself. It may seem that 15% is not so much. But what if we translate everything into specific numbers? For example, you took out a loan for 10,000,000. Then you pay the bank 1,500,000 more. One million rubles is not such a small amount, right?

Lending programs of the two largest and most reliable banks

Many different banks in Russia today offer more or less profitable loans for housing construction. Listed below are the programs of two of the largest and most reliable banks in our country.

Gazprombank offers financing for the construction of a country house under very favorable conditions: the maximum loan term is up to 20 years, the maximum loan size is 60,000,000 rubles (a loan for a larger amount is possible, subject to individual consideration of the application), the minimum down payment is 20% of the loan amount. The interest rate is individual for each client, depending on the loan amount, term and monthly income of the client.

Sberbank of Russia also offers construction loans on favorable terms. The loan amount is from 300,000 rubles to an amount not exceeding 85% of the contractual cost of construction of a residential building and 85% of the estimated value of other residential premises registered as collateral, the maximum loan term is up to 30 years. The interest rate is also individual.

In Russia there are still a huge number of banks offering loans for housing construction. However, the listed construction loan programs are the most reliable and profitable.

Conclusion

If today (or even a month) you do not have sufficient funds to build a country house, and you want to build it without delay in the very near future, if you are confident that you can pay the loan on time, take it.

If today (or even a month) you do not have sufficient funds to build a country house, and you want to build it without delay in the very near future, and if you are not sure that you will be able to pay the loan on time, then first do everything to be sure of this, and then take out a loan.

If today (or even a month or a year) you have or will have sufficient funds to build a country house, and you want to build it without delay in the very near future, then there is no point in taking out a loan. Don't take it.