The order and stages of mortgage registration in the Savings Bank

Mortgage for many families is considered the only option for buying their homes. The procedure for executing the transaction includes several stages. It is important to prepare for them in order to fulfill everything according to the norms of the law. The stages of mortgage registration in Sberbank are almost the same as in other credit institutions.

How is the procedure performed?

Registration of a mortgage for primary housing is not too long in comparison with the secondary one. You only need to choose a developer who works under the programs of the Savings Bank. The object of purchase is taken as a pledge, and the funds are transferred for the purchase of housing.

If real estate is bought from previous owners, that is, in the secondary market, then there is a more complicated registration of a mortgage in Sberbank. Stages in this case may be slightly different.

How does the design start?

It is necessary to disassemble in detail the programs offered to clients. It is necessary to be guided by the requirements put forward to borrowers. Only in case of compliance it will be possible to go through the stages of mortgage registration in Sberbank.

The requirements include:

• Achievement of 21 years, but not more than 55 years on the date of registration.
• State registration at the place of issue of the loan.
• Work experience - at least 1 year for the last 5 years, and in the last position - at least six months.

The rest of the banks have the same requirements, but there may be additional conditions. Usually they are recognized through a website or a specialist.

Studying the real estate market

To go through all the stages of mortgage registration in the Savings Bank, you must first examine the property offers. This will determine the amount of the loan, which will need to be registered in the application.

Information can be obtained through profile agencies, through the study of publications in newspapers, on Internet sites. When the price of housing is known, it will be possible to evaluate the possibility of paying the first installment with your own funds. For many programs, an initial contribution of 10-20% is required. The more this amount, the lower the rate.

Analysis of programs

It is necessary to choose a program to make a mortgage in Sberbank. Stages following should be carried out only in the event that conditions of crediting completely suit. Sberbank offers 8 mortgage products in the primary and secondary markets. There are programs for young families, servicemen, with the support of the state. You can also use the money of mother capital.

The most favorable rate is offered by the program "Mortgage with state support" - 11.9%. According to it you can buy housing in the primary market from specific developers. The maximum amount of mortgage - 8 million rubles for the purchase of real estate in Moscow, the region, St. Petersburg. In other settlements, the maximum is 3 million rubles.

Take housing in the secondary market will be on loan at a rate of 12.5%. The size of it is determined depending on the participation in the salary project in the Savings Bank, down payment, time of payment.

Assessment of material capacities

Before you go through all the stages of mortgage registration in the Savings Bank, you need to evaluate your capabilities. This will help determine whether the financial situation allows you to issue and pay the loan. You can use the calculator that is on the site.

It is necessary to indicate information about incomes, expenditures, the cost of the object, specify the period, the amount of the first payment. After the calculation, you can find out the amount of payments, overpayment. The calculator will give out the maximum loan amount that the borrower can settle on the basis of his income. Calculations are considered preliminary, so more accurate information should be known in the Sberbank office. The customer's payment must not exceed 50% of his income.

List of documents

To go through the stages of mortgage registration in Sberbank in a new building, you need to submit an application to the office. Together with it the following documents are required:

• Copy of the passport.
• INN.
• Certificate of registration.
• Proof of income.
• Copy of work book.
• Certificate of marriage.
• The birth certificate of the child.

Other documents may be required. The consideration of the application takes place within 3-5 days. The decision is valid for 60 days.

Property Selection

If a positive decision is taken, the mortgage can be executed for secondary housing. Stages Sberbank expects to perform the same as on the primary real estate. With the approval of the application there will be a known amount for which the client should be guided when selecting an object.

You can search for accommodation yourself or use the help of realtors. You should rely on the requirements that the bank sets for real estate:

• It should not be emergency, dilapidated or planned for demolition.
• Mandatory presence of communications.
• There should be no illegal re-planning.

Only then can you make out the property on credit. The bank offers to choose objects from partners, since then the application is most likely to be approved.

Documentation for real estate

When the property is chosen, it is necessary to conclude a preliminary contract with the owner. The bank must provide documentation for the object:

• Purchase agreement.
• Technical passport of housing.
• Extract from EGRP.
• Confirmation of no debt for utility bills.
• Copy of the passport of the seller.
• A copy of the personal account.

The Security Service of Sberbank is studying the documentation, assessing the risk of providing mortgages. Then the housing is evaluated. Then the decision is made, the crediting procedure is initiated. After that, the following stages of obtaining a mortgage in Sberbank can be performed. When do borrowers call on the DDU? The decision on the application with the contract of participation in shared construction is reported after its consideration.

Using maternity capital

All families after the birth of the second child can receive maternity capital. It is used for mother's retirement, education and housing improvement. The stages of mortgage registration in the Savings Bank under the parent capital are the same as in the standard design. Only it is necessary to indicate this in the application, and also to provide confirmation of the use of such right.

With the help of maternity capital, it will be possible to pay the first installment on the issued loan. They are used for construction, reconstruction of the house and payment of the purchase contract price. Only then must we wait until the child reaches the age of three. The certificate can be used to pay the principal and interest on the mortgage. In this case, you do not need to wait for the triennium.

To apply the parent capital to pay the first installment after receiving the loan agreement, it is important to apply to the Pension Fund, apply for the disposal of money to pay the mortgage. The application is considered within one month, and two more are spent on transferring funds to the bank.

Sale and purchase transaction

When the stages of obtaining a mortgage in Sberbank for housing under construction have been completed, a purchase and sale transaction is being prepared. It will be necessary to sign the contracts: on renting a cell in a bank, buying and selling, on obtaining a loan from a bank.

When these documents are issued, the settlement for the purchased property is performed: the borrower makes the first payment, which is transferred to the seller's account, or the funds are transferred to the leased banking cell. The bank transfers or issues cash on a mortgage. The money will be available to the seller after drawing up the document of acceptance and transfer of real estate, registration and registration of the borrowed object by the borrower.

Registration of rights

At the end of the borrower must issue a home for themselves. The right of ownership is registered in Rosreestr. As a confirmation, a certificate for the purchased property is issued. Then we need to draw up an agreement on personal insurance, as well as on collateral insurance.

After this, the transaction is considered fully completed. Housing is transferred to the borrower's property. Making a mortgage allows you to get your own home to those who do not have the opportunity to purchase it immediately at full cost. It remains only in time to pay for it.