Mortgage without down payment Sberbank: how to get it and under what conditions

Mortgage with state support in Sberbank

The state support lending program is implemented jointly with Vnesheconombank. According to the stated conditions for these loans, the interest rate is not too high, and there is no charge for applying for a mortgage and issuing it.

However, in any case, the borrower will have to insure his life, health and performance. Still, there is a small down payment, but you don’t have to pay it. This becomes possible if the borrower provides real estate owned by him as collateral.

The conditions for issuing a mortgage loan are as follows:

The loan is issued only in ruble equivalent;
The lowest interest rate is 10.5% per annum;
The longest loan term is 30 years;
The minimum loan amount is 45 thousand rubles;
The maximum you can get is 8 million rubles.

Reviews from Sberbank employees who received a mortgage

Osadchenko Alexander:

Zykova Olga:

“I myself work at Sberbank, although I am now on maternity leave. When we chose an apartment, there were no questions about where to get a loan. I contacted Sberbank. Everything was approved within a few hours. The approval of the apartment took a little longer because of the seller. The interest rate on the loan turned out to be excellent, and I am very happy.”

Anisimov Vladimir:

Ashikhmin Dmitry:

“My wife and I decided to buy an apartment, but we didn’t have enough money of our own. I had to think about a mortgage. My wife works at Sberbank. The mortgage center told us everything in detail about the conditions (even though we already knew) and helped us prepare the application. We received approval almost instantly. The transaction itself went through without any difficulties.”

June 10, 2020 Mortgage Sberbank 0 130 Reading time: 3

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Sberbank employees are salary clients, so they can qualify for preferential terms of service. For example, mortgages for Sberbank employees are provided at reduced rates (on average 0.5-0.7% less per annum). Other mortgage terms are described below.

Refinancing of housing loans in Sberbank

Mortgage refinancing involves refinancing a loan previously received from other banks, but on more favorable terms. The interest rate here is reduced, the loan term and a number of other conditions are also revised. There is no down payment required here, but the loan itself is issued in the amount of 80% of the valuation of the property or the balance of the existing debt.

The conditions for issuing the loan are as follows:

Issued only in rubles;
There is no down payment required;
Lowest percentage 13.25%;
The maximum loan term is 30 years;
The minimum amount is 15 thousand rubles;
The maximum you can get on credit is 80% of the price of the living space.

Mortgage plus maternity capital in Sberbank

A mortgage together with maternity capital can be issued for the purchase of both new and secondary housing. Here maternity capital will act as a down payment.

People who have this certificate in hand have the right to use it if its nominal amount covers at least 10% of the cost of the property. Mortgages are issued under the following conditions:

Issued only in rubles;
Read also: Tax Code of the Republic of Belarus Article 69. Accounting for payers. Procedure for registration and deregistration with the tax authority
The down payment is equal to maternity capital;
Minimum percentage – 9%;
The loan is issued for a period of up to 30 years;
The bank can issue from 15 thousand to 8 million rubles.

The military mortgage loan is designed for employees who take part in the implementation of the savings-mortgage system program. The operating principle of this program is that all payments required to be made to the bank are made by a special fund. As a result, the military does not spend its own funds.

To receive this loan, a service member must participate in this program for at least three years. At this time, an amount is accumulated in his account, which will be quite enough to pay the down payment.

The terms of the loan here are approximately the same as in other programs, with the exception of two main points: the maximum you can get is up to 2.5 million rubles and it is issued only until the military man turns 45 years old.

State support measures

A Sberbank employee will also be able to significantly reduce the overpayment on a mortgage by taking advantage of government support measures that apply to a certain category of Russian citizens.

Maternal capital

In 2020, the maternity capital program continues to operate, thanks to which a family can receive 453 thousand rubles for the birth of 2 children. This amount can be used both to repay a previously taken out loan, and to obtain a mortgage for the first time (for a down payment).

450 thousand rubles. large families

Since 2020, all large families that had a 3rd or subsequent child in 2019-2022 receive another 450 thousand rubles in addition to maternity capital. These funds can only be used to pay off debt on a previously obtained mortgage. Thus, the state is ready to compensate the debt in the amount of up to 900 thousand rubles.

Mortgage 6% for families with 2 or 3 children

Another new measure that came into effect in 2020 is obtaining a preferential mortgage of 6% for all families who had a 2nd or 3rd child in the period 2018-2022. They not only receive maternity capital and a subsidy of 450 thousand rubles. (for the birth of 3 children), but also a preferential mortgage at a rate of 6%. Previously, it was valid only for the first 3 years, now – for the entire duration of the contract.

Other support measures

Sberbank employees can pay attention to other support measures offered by the state:

Military mortgage at a preferential rate of 9.5%. Funds for the down payment are provided from a savings fund created specifically for military personnel.
Young family - rate from 8.6% (at least 1 spouse must be under 35 years old, having children is not necessary).
Regional support programs - the conditions for their provision must be clarified with the city or district administration.

Thus, Sberbank employees can receive a mortgage on preferential terms, like other salary clients. In addition, they can take advantage of reduced rates thanks to government assistance and special programs from Sberbank.

Conditions for obtaining a mortgage at Sberbank

In principle, we can say that the conditions for obtaining a mortgage loan from Sberbank are quite standard, and in some cases significantly lower compared to the programs of other banks.

One of the key conditions in this regard is insurance of the purchased apartment or house against various accidents . In addition, you will definitely need to insure your performance, life and health. The borrower is subject to certain requirements. In particular, there is an age limit , that is, mortgages will not be given to citizens whose age is less than 21 years and more than 55 years and 60 years for women and men, respectively. Another important condition is the borrower's employment .

Moreover, his total work experience must be at least two years , and he will have to work at his last job for at least another six months.

The person receiving the loan must have Russian citizenship and purchase residential premises in our country. In principle, if co-borrowers are involved in the lending program, the bank will not oppose it - there can be up to three such co-borrowers.

The period for which the mortgage must be repaid is a maximum of thirty years, however, a very important point must always be specified in the contract - there is the possibility of early repayment. As mentioned above, Sberbank does not charge a commission for issuing a loan or for servicing it. It turns out that taking out a mortgage loan here without a down payment is quite profitable.

How can Sberbank employees get a mortgage?

Once the mortgage is approved, you can begin choosing a suitable property. It needs to be assessed by a specialized company, and then a report on the assessment must be submitted to Sberbank.

Now you can negotiate with the home seller and carry out the transaction. To do this, prepare a purchase and sale agreement and a mortgage agreement, hand them over to the MFC employees, and then to the Sberbank credit manager.

Secure payment service and electronic transaction registration

To register a transaction, it is not necessary to contact Rosreestr or the MFC. Sberbank offers to sign all documents at the branch using an electronic digital signature and send them to Rosreestr electronically. In this case, you will receive an extract from the Unified State Register and a registered purchase and sale agreement by email.

Using the secure payment service, you can conduct a transaction with the seller without fear of possible problems.

Funds are credited to a special Sberbank account and transferred to the seller only after successful registration of the property as your property. When using the service, the seller also receives a security guarantee, since you will not be able to withdraw money from the account without the bank’s consent. The cost of such a service is 2,000 rubles.

Required documents

People planning to take out a mortgage on an apartment without a down payment are wondering whether it is possible to provide Sberbank with a minimum set of documents.

However, when applying for a mortgage of any kind, the package of documents will always be standard:

A form that must first be filled out correctly;
A photocopy and original of the passport, where registration and citizenship must be indicated;
If a citizen’s registration is temporary, then he will be required to provide confirmation from his actual place of residence;
A photocopy of the work book, which is certified by the seal and signature of the head of the HR department;
A certificate issued in form 2-NDFL or in form 3-NDFL (for entrepreneurs), which must indicate that the person worked at his last place of work for at least six months and how much money he receives. This paper must bear the accountant's stamp.

For each of the programs that do not provide for a down payment, you will have to provide one more piece of paper:

The military will need to confirm that they are participating in the savings-mortgage system program;
Young families with two children must present maternity capital;
If you are refinancing your mortgage, you should have with you the mortgage agreement that you plan to refinance;
If you participate in the federal mortgage program, you will also have to have a certificate in hand.

Under what conditions is it offered?

Sberbank, like other banking institutions, has a negative attitude towards borrowers who do not have their own savings, as they may be unscrupulous payers, so even after the sale of real estate, there is a high probability that all funds will not be returned to the bank.

Therefore, we offer a mortgage that does not require a down payment, under specific conditions:

It is mandatory to purchase an insurance policy for the purchased housing;
the life and health of the borrower himself is insured;
money is offered only in domestic currency;
Citizens whose age ranges from 21 to 75 years can become clients;
if a program intended for military personnel is used, then citizens should not be more than 45 years old;
The loan term cannot exceed 30 years.

Features of a mortgage without a down payment. More details in the video:

Important! Additional conditions may apply to any potential borrower who cannot provide the bank with money as an initial investment.

What are the interest rates?

For mortgage loans, interest rates depend on various parameters:

if refinancing is used, then the minimum rate is 13.25%;
if maternity capital is used, the rate starts from 9.5%;
when implementing various state mortgage programs offered at the federal level, the rate starts from 10.5%;
For military mortgages, the percentage starts at 9.5%.

Each borrower can take advantage of a floating interest rate, which increases or decreases under the influence of various factors.

What documents are needed

A mortgage loan that does not require a down payment is issued only when potential borrowers prepare the necessary documentation.

This includes:

a questionnaire filled out by the citizen himself;
a passport, which must contain a mark indicating the presence of permanent registration;
if a citizen has only temporary registration, then he must confirm it from his place of residence;
work book, and it must contain the seal of the company and the signature of the general director of the company in which the applicant works;
a certificate of income, and it is also possible to use other documents to confirm the receipt of certain funds.

In what ways can you reduce your mortgage rate at Sberbank? See here.

All of the above documents are indispensable for any lending program, but if borrowers choose any specialized programs, then the number of papers can increase significantly.

For example, when applying for a military mortgage, a certificate will be required stating that the applicant is indeed a member of the NIS. If maternity capital is used, then the certificate must be presented to Sberbank employees.