Is it possible to take a mortgage without a down payment in Sberbank?

Mortgage loans - this is currently the most common option for buying a home. However, as a rule, initial savings are required to obtain a housing loan. Under the current programs of mortgage lending to the Savings Bank to get a loan you need to have 15-25% of the cost of housing. Families who do not have savings naturally wonder whether it is possible to take a mortgage without an initial installment in Sberbank.

How to get a mortgage without a fee

Unfortunately, there are no housing loans in Sberbank without initial investment, and this is understandable. Banks do not want to risk issuing a loan for the entire value of the property. After all, in case of non-payment it is unlikely that the housing will be sold at a market price.

But still there are options how to take a mortgage without an initial installment in Sberbank:

• A federal mortgage program for a young family;
• Mortgage with parent capital;
• refinancing;
• Military mortgage.

Federal Mortgage Program

The state program to support young families allows you to take a mortgage without an initial installment in Sberbank. It is designed for couples, where one of the spouses or both are not older than 35 years. Also for one parent with a child (with the same condition). The family should be on a special list to improve the housing situation.

Under the terms of this program, a subsidy from the state is set at 35% or 40% of the value of the purchased housing. In 2016, the subsidy will be about one million rubles, if the family has two children, 800 thousand rubles for a family with one child, about 600 thousand rubles, if there are no children. This state aid can be used instead of the initial savings.

If the family meets the requirements of the state program "Provision of housing for young families," this will be the best way to take a mortgage without an initial installment in Sberbank. The rate for the loan will be from 10.5% per annum, the loan amount - up to 8 million rubles, the loan period - up to 30 years.

Mortgage with maternity capital

Another option, how to take a mortgage without a down payment, is to use maternity capital instead of savings. This way you can use to buy both secondary housing, and apartments in new buildings and in houses under construction. The funds of the parent capital must cover at least 15% of the cost of housing purchased with the help of a loan.

The loan term, as in most other programs, is up to 30 years. The size of the loan is from 300 thousand to 15 million rubles. Interest rate - from 12.5% per annum.

This option is the most popular of all the ways how to take a mortgage without an down payment in Sberbank. Reviews say that it is quite real.

Military Mortgages

It is provided only to participants of the special system providing housing for servicemen. Under this program, it is possible to purchase housing under construction, as well as an apartment, an apartment building with a land, a room or a townhouse in the secondary market.

This housing loan is a real opportunity for the military to take a mortgage without an initial installment in Sberbank. Under the program of military mortgages, you can receive an amount up to 1.9 million rubles for a period of up to 15 years.

Refinancing a mortgage

The loan refinancing service is quite widespread at present. In addition to providing more comfortable credit terms, it is also an opportunity to take a mortgage without an initial installment in Sberbank. The reviews made by this service are often positive. This is understandable, because when refinancing customers get mortgages in the country's largest bank for up to 30 years at an attractive rate of 13.75% per annum with convenient payment terms.

At the same time refinancing is one of the few options how to take a mortgage without a down payment in Sberbank to one person.

Requirements for borrowers

Customers who wish to take a mortgage without a down payment in Sberbank must meet certain requirements:

• Age from 21 to 75 years (young families - up to 35 years, borrowers without proof of income - up to 65 years);
• Total length of service from one year, duration of work in the last place is not less than six months;
• Men under 27 should not be called up.

Requirements for real estate

Acquired real estate must not be pledged in favor of third parties. Ownership of it must be officially registered with Rosreestr authorities.

There are also requirements for different types of real estate.

If it is a building, then:

• The wear should not exceed 40%;
• Age - not more than 45 years;
• Five or more floors;
• The condition must be non-accidental;
• The house is not wooden or barrack type;
• Overlapping mixed, metal or reinforced concrete;
• Foundation brick, stone or reinforced concrete;
• Location in the village with an active branch of the Savings Bank.

Apartment:

• Mandatory systems of electricity, heating, water supply;
• The basement and ground floors are inadmissible;
• Re-planning must be officially registered;
• Separate kitchen and a bathroom;
• Doors, windows, roof and plumbing must be in good order.

Residential house with land:

• Location in the village with a developed infrastructure system, next should be other residential buildings;
• Access to the house and the possibility of living throughout the year;
• Mandatory system of electricity, heating, water supply, failed communications;
• Say a stone, brick, reinforced concrete or cement foundation;
• Type of use for documents on property - for IZhS or country construction;
• Uncompleted objects must be registered in the Regalata.

Package of documents

Client's documents:

• A questionnaire of a natural person or entrepreneur for obtaining a loan;
• Passports of borrowers, spouse (s), co-borrowers;
• A marriage certificate or a statement that the client is not married;
• Birth certificates of children;
• For each co-borrower you need a document confirming the relationship;
• Certificate from the place of work;
• Document on the average monthly income for the last six months;
• The certificate on reception маткапитала and the document from the Pension fund confirming its rest.

Documents for the purchased real estate:

• Documents confirming ownership;
• Documents, grounds for ownership;
• An excerpt from the Unified State Register of Trade Unions about the fact that real estate is not encumbered with collateral;
• Independent valuation of real estate value;
• Cadastral and technical passports;
• Permission of guardianship authorities;
• Consent of the spouse (s) to the registration of the pledge.

Documents for a plot of land and a private house:

• Documents on property;
• Documents-grounds for ownership;
• Cadastral and technical passports for the house ;
• Documents for construction in progress (if any);
• An extract from the Unified State Register of Trade Unions about the fact that the land and the house are not laid;
• Cadastral passport of the land;
• Assessment of the market value of the site and the house, performed by an independent expert;
• Consent of the spouse (s) to transfer to the bank a land plot and real estate on it;
• A certificate from the guardianship and trusteeship department about the possibility of a pledge.

Thus, the possibility of buying a property without initial savings is not available to everyone. In order to find out exactly whether it is possible to take a mortgage without an initial installment in Sberbank to a specific client, those wishing to personally contact the bank office for consultation with a specialist.