How long does it take to get a mortgage from Sberbank?

Buying an apartment with a Sberbank mortgage: step-by-step instructions

Certificate of registration of ownership of the property in the original;
The basis for the emergence of ownership of the acquired property from the seller (deed of sale, deed of gift, exchange agreement, privatization document);
Extract from the Unified State Register of Rights to Real Estate. You can get it at the territorial hotel of Rosreestr. An extract is provided to the applicant a week after the relevant request is sent. The bank accepts the specified paper issued no more than a month ago;
Waiver of the right of first refusal by other owners of the premises (shares in it) certified by a notary;
One of the following documents, depending on the seller’s marital status and other circumstances. Consent of the seller's spouse to sell real estate, certified by a notary. Notarized confirmation of the absence of marriage at the time of purchase of real estate. A marriage contract, which sets out the regime of separate ownership of property (the bank will take a copy of it). If the subject of the transaction was received by the seller as a gift, by inheritance or before marriage, then there is no need to bring these papers to the bank. If the seller is a widow(er), a death certificate is required. If more than three years have passed since the divorce, then a corresponding note in the passport, a certificate of divorce or an extract from the court decision is sufficient;
If the interests of the seller are represented by a trustee, then he must have the appropriate paper. It must indicate that the seller trusts a third party to carry out alienation transactions with a specific property. The power of attorney must be certified by a notary;
If among the owners of the property being sold there are persons under the age of 18, you will have to obtain permission from the guardianship and trusteeship authorities in advance. This is a requirement of current regulations.

Valuation of a property that is planned to be purchased using mortgage funds from Sberbank. A list of companies that calculate appraised value must be obtained from a loan specialist. Preparing the assessment can take a long period of time. In some cases, the process lasts up to 30 days. The main reason for the delay is the human factor. The appraiser must agree with all owners of the property on the time of his visit to conduct an inspection. The duration of the procedure is the main reason to begin collecting the papers required for obtaining a mortgage by organizing an assessment of the property. At the same time, other documents are collected;
A document that confirms that the seller has savings for the purchase of real estate. You can provide a passbook or a receipt from the seller confirming receipt of advance payment for the residential premises. The document must indicate the passport details of both parties, the amount transferred, the location of the property and its area;
The following papers will be required if one of the spouses acts as a pledge holder: the consent of the second spouse certified by a notary to transfer the purchased property as collateral to the bank; a statement certified by a notary that at the time of registration of ownership rights to the property purchased on credit, he was not officially married; a prenuptial agreement that stipulates the separate ownership of property;
Permission from the guardianship and trusteeship authorities, if the owner of the property pledged to the credit institution is a person under the age of 18. This requirement is dictated by the legal norms in force in the Russian Federation.

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How to choose a mortgage?

Many people think that the main criterion when choosing a mortgage is the interest rate. This is a tactical mistake that will definitely not allow you to save money. Often an attractive low interest rate is a “bait” that obscures the presence of many commissions that significantly increase the cost of the loan. How to act so as not to regret the choice you made?

We offer some tips for choosing a mortgage loan :

Set the maximum loan amount. Remember: the larger the size, the greater the bank's risks. Determine for yourself whether you can guarantee repayment of the loan;
Make sure that you have funds left over for related expenses for real estate appraisal and insurance;
Specify and form the amount for the down payment. It is set at 10–20% of the value of real estate (this is standard practice);
Determine the loan term. The payment schedule and the amount allocated for the loan each month depend on how long the loan repayment period is. The longer it is, the less you pay each month, but in the end you overpay more. You need to understand how balanced this ratio is for your individual capabilities;
You can take out a mortgage both in rubles and in foreign currency, but the currency in which your personal income is received is beneficial for you;
Check out the offers. There is a chance that you will be able to take advantage of one of the programs offered (maternal capital mortgage, new building mortgage, etc.);
Carry out calculations using one of the special online services. You can find it here and here.

Adhere to the terms of the concluded agreement. Do not delay payments and distribute your monthly/annual budget so that mortgage payments are always made on time.

How does a mortgage transaction in Sberbank for secondary housing work?

You need to provide information about income, expenses, the cost of the property, specify the deadline, and the amount of the first payment. After the calculation, you can find out the amount of payments and overpayment. The calculator will give the maximum loan amount that a borrower can apply for based on their income. Calculations are considered preliminary, so more accurate information should be obtained from a Sberbank branch. The client's payment should not be higher than 50% of his income.

After completing all the preliminary approval and preparatory procedures, the financial institution gives its consent to the transaction, concluding a mortgage loan agreement with the buyer, according to which the apartment is transferred to the bank as collateral immediately after the sale and purchase document is signed by both parties, and the seller receives money only after confirmation of the actual transfer property rights .

Where to get a mortgage

As soon as you start looking for optimal mortgage loan conditions, carefully read the information about the bank or company where you want to take out a loan. You will get a complete picture if you research several sources: the bank’s website, reviews on the Internet, forums, recommendations of other people. Please note that obtaining a mortgage as described in advertising may differ significantly from reality, so carefully read the terms of the contract. Banks provide step-by-step instructions that will help you go through the entire step-by-step process of document preparation without any problems.

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Social mortgage

To improve the living conditions of Russians in the country, the state provides financial support. The federal, regional, and local budgets finance several mortgage programs that exist along with the classic one. A mortgage under a social program provides a chance to take out a housing loan for socially vulnerable categories of citizens:

young military personnel;
large families;
state employees;
combat veterans;
young families and others.

Social lending programs are regulated by a specially created government agency AHML (Agency for Housing Mortgage Lending). The main target of such programs is the low- and middle-income social class, which is in serious need of improved housing conditions. The following points determine the social status of the loan:

taking out a mortgage at a preferential rate;
targeted one-time subsidies or social payments from the state budget;
low cost of housing;
small down payment;
possibility of reducing the monthly payment.

Military mortgages can be taken out by military personnel for a period of no more than 25 years, and the borrower must not be 45 years old at the time of the last payment. The average rate on such a loan is 12.5% per year, and the down payment for purchase is 10% of the cost of the home. Military personnel have the opportunity to take out a preferential consumer loan or use maternity capital to partially repay the debt. For approval of the application, the borrower’s length of service is important - at least a year, while in the last place the serviceman must work for at least 4 months.

AHML mortgage program

One of the tasks of AHML is to develop mortgage lending standards, which are often a single standard for all banks. The organization monitors the dissemination of these standards throughout Russia and monitors their implementation. When a borrower finds himself in a difficult financial situation, the AHML mortgage assistance program helps to cope with financial difficulties. Certain social categories can also count on government assistance for loan repayment (up to 20% of the remaining amount).

Mortgage in Sberbank

Sberbank offers some of the best conditions for purchasing real estate. Such a large organization offers a sufficient number of options with different conditions for the purchase of finished and under construction housing. You can take out a mortgage from Sberbank at the most attractive interest rate - 14.5%, which varies slightly in different programs. Loans are provided only in rubles for secondary or new housing. This bank makes great demands on borrowers, but if there is an opportunity to take out a loan from Sberbank, then this chance is worth taking advantage of.

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How to get a mortgage at VTB 24

VTB 24 offers to fill out an application for a loan directly from home. The financial institution’s website describes in detail all the programs from which a potential borrower can obtain the necessary information. Having decided on the program, the client submits an application via the Internet. The response to the request will be sent by email or bank employees will inform you about the decision by phone. All issues can be resolved through online support or at a bank branch. Taking out a mortgage for an apartment at VTB 24 is also profitable:

9 programs;
low rates;
loan repayment period up to 50 years;
available down payment amount – 10%;
accounting of all income (including close relatives);
possibility of early payments under the loan agreement without penalty fees.

Mortgage in Rosselkhozbank

The terms of the Rosselkhozbank loan agreement are attractive to clients. When a potential borrower does not have the opportunity to save up funds for a down payment on their own, you can apply for not only a mortgage, but also take out a consumer loan. The latter is used to make the first payment for the purchased property. A mortgage without a down payment can also be obtained from Rosselkhozbank by attracting maternity capital.

How does a mortgage transaction work at Sberbank?

8. Submitting a package of documents for registration at the MFC. By law, a notarial transaction is registered within 5 working days, but in reality it takes a little longer. Sberbank is now offering a new service – electronic transaction registration. The promised registration time for electronic registration is one day.

A distinctive feature of Sberbank is that the package of documents for a property includes a preliminary purchase and sale agreement. You yourself or your realtor must draw up a preliminary purchase and sale agreement in the form of the bank. Other banks, as a rule, do not require this.

First steps when applying for a mortgage, where to start

The stages of obtaining a mortgage are in most cases standard and differ little from each other. Minor differences depend only on the lending programs that banks offer to their clients.

Important! Each bank has its own methodology for calculating the maximum amount. So, for example, in one branch they may offer only 1 million, in another the same person is approved for a larger amount, for example, 2 or 3 million.

When you decide to take out a loan to buy a home, you first need to decide on a suitable mortgage program. Different banks offer their own conditions regarding the down payment. You need to weigh the amount and the possibility of payment.

It is necessary to clarify whether this bank operates with maternity capital or government support. Under the program for young families, you can expect a lower down payment.

The estimated loan amount is calculated so that the monthly payment is no more than 60% of the borrower's total family income. After reviewing all the offers of available banks, you can choose the most optimal option.

Applying for a mortgage

After selecting the appropriate program, you can begin collecting the documents required to submit your application.

Important! The quality of the documents provided determines whether the bank will approve the mortgage or not.

The standard package of documents includes:

original client's passport and photocopy of all its pages;
a certificate of income for the last six months according to the established format;
document confirming employment (copy of work record book or employment contract);
confirmation of the availability of funds required to pay the down payment;
mortgage application completed by the borrower.

In addition, you can submit documents confirming additional income, if any. An application can be submitted to several banks at once, as copies of documents are considered.

It is difficult to answer unequivocally about how long it takes to obtain a mortgage from Sberbank. It will take 3-15 days to review the documents. After this, the credit commission issues approval or refusal for mortgage lending. A positive decision is valid for 2-4 months. During this time, you need to choose an apartment and collect all the required documents.

The size and term of mortgage lending is calculated individually based on the borrower’s income

How is the mortgage transaction at Sberbank for secondary housing going?

It is impossible to accurately and specifically indicate how long it will take to obtain a housing loan. There are too many factors influencing this. But taking into account the average statistical data, we can say that obtaining a mortgage loan takes about 1–1.5 months, provided that the client is ready and will promptly cooperate with the bank and listen to the recommendations of the mortgage lending manager .

Possibility of further sale or rent.
Availability of convenient and developed infrastructure, access roads.
Indicators of the average bill for utility costs, the cost of additional services.
The proximity of the property to objects important for life (work, kindergarten, school, place of residence of relatives, etc.).
The seller’s financial conditions and the adequacy of the presented apartment to the average market value. An important point is the flexibility of the seller regarding a future transaction.

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How long does it take to get a mortgage?

The process of applying for a home mortgage can take several months. This may be due to several factors:

The potential borrower provided the bank with an incomplete set of documents or submitted documents whose validity has already expired.
The person does not inspire confidence in the bank, so the financial institution requires additional facts to certify that the person is reliable.
The borrower cannot find an apartment that is suitable for both him and the bank.
The borrower has been looking for a long time for an insurance company for whose services he would not overpay.

Expert opinion

Evgeniy Belyaev

Legal consultant, financial expert

Ask

Clearly answer the question: “How long does it take to get a mortgage?” impossible. Some people can complete a deal in 3 weeks, while others will have to process it for several months.

But if the borrower has a positive credit history, he will not raise doubts in the bank, finds a good seller and a “clean” apartment, correctly submits all the necessary documents, then he will be able to get a mortgage in 3 weeks.

It is not possible to complete a transaction to purchase a mortgaged apartment in a shorter period.

Bank employees advise looking for housing and negotiating with the seller after receiving a positive response on the mortgage. For these purposes, some banks consider the verification results valid for up to 3 months without updating the package of documents. That is, the borrower is given time to quietly find a suitable property without haste.

Mortgages are issued faster than in regular banks by organizations that specialize specifically in servicing mortgage loans. These can be banks or other financial and credit institutions. In addition, it is worth paying attention to banks with mortgage centers separated into separate structures. All these organizations, due to their specialization, work according to clear procedures that take into account almost any case. They allow you to quickly analyze client information and make decisions on it.

However, today express mortgages are actively developing, which are issued in 2-3 days. In this case, the bank requires only a passport and a second identification document from documents. In addition, as the credit history bureau actively develops, the client verification process will accelerate and very soon such periods as 3-4 weeks can be forgotten.

Buying an apartment with a mortgage from Sberbank in 2020: step-by-step instructions

Loans for the purchase of real estate are issued in ruble equivalent throughout Russia. A loan is issued at a Sberbank branch at the location of the apartment being purchased or at the borrower’s place of residence . Requirements for borrowers at Sberbank in 2020 remain standard:

A mortgage loan from Sberbank for military personnel implies quite favorable lending conditions. The main disadvantage of the program is the inability to choose housing on the primary market. The Military Mortgage program is suitable for military personnel participating in the savings mortgage system. After three years of service, all military personnel with a savings account receive state support (special contributions) for the purchase of housing, but only those who have served for 20 years receive the full amount of savings.

Time to consider a mortgage loan at Sberbank by stages

Submission of an application and its approval by the bank – 1 day;
search for housing and its approval by the bank – 2 weeks;
insurance and real estate valuation – 2 days;
registration of a purchase and sale transaction and a mortgage agreement – 1 day;
registration of ownership of a new home – 3 days.

In total, it turns out that under favorable conditions, it takes at least 3 weeks to register a real estate mortgage.

Stages of applying for a targeted loan for the purchase of real estate in Sberbank:

Submitting documents for a loan. The client waits for up to 5 days while the mortgage is being considered.
If the mortgage has been approved, the borrower has 90 days to select a property and collect documents.
The bank checks the certificates about the loaned object within 3-5 days.

The stages of obtaining a decision from Sberbank may take less than 3 days, which is not a violation of the bank’s regulations.

How does a mortgage transaction work at Sberbank?

After the object is approved, a transaction follows. The bank itself sets the date and time of the transaction. On the appointed day, sellers and buyers need to come to the bank to sign an insurance agreement, a loan agreement, or a mortgage. After this, the lease agreement for an individual safe is signed. If in a transaction, in addition to borrowed funds, your own funds are used, then the personal contribution must be in an account at Sberbank in order to withdraw money at the right time to put in a cell of an individual safe.

Since this segment is most in demand, the chance of encountering scammers is the greatest - the apartment may be mortgaged, illegally alienated, etc. If you doubt the legality of the sellers’ actions, we recommend taking out title insurance - this will protect you from losing your home in the event declaring the transaction invalid.

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What can and cannot be done with a mortgaged apartment?

The borrower has the right to live in the apartment and use the property. He can register there. However, there is no complete freedom of action.

What you can’t do without the bank’s consent:

Sell real estate. The owner has the right to alienate property, but only with the permission of the bank. Thus, when selling a mortgaged apartment, the obligations under the mortgage must be transferred to the new owner. The bank must know who will make payments on the loan. If the buyer is cash, he must pay off the seller's mortgage for the deal to go through.
Carry out large-scale repairs and redevelopment. This requires the consent of the bank. Significant changes affect the characteristics of the apartment. Therefore, they can reduce its cost. However, not all repair work is permitted by law. The borrower will have to obtain approval not only from the bank, but also from the insurance company.
Damage real estate, influence the operating conditions of the property. As with the previous point, this changes the cost of the apartment.

According to the law, the bank has the right to take away the apartment if the borrower:

Does not make monthly payments. The bank can take the property, sell it and cover the balance of the loan. Although in practice it rarely comes to such radical actions. Citizens are protected by law: the bank’s actions must be proportionate to the offense of the offender. This means that a single late payment cannot be grounds for deprivation of property rights. The law does not say what amount of debt is considered sufficient for radical action. It is not recommended to exceed debt accumulation of more than 5% of the total cost of the apartment.
Violates insurance obligations. The mortgaged apartment must be protected by law. If the borrower violates the terms of the contract with the insurance company, not only it, but also the bank will apply sanctions.
Violates the terms of the mortgage agreement. For example, he hid the transfer of rights to third parties. This could be rent, sale or donation. This is considered a violation of the contract. The document on the basis of which the real estate was transferred becomes invalid.
Used the mortgage for other purposes. Funds are issued only for the purchase of real estate approved by the bank. The law takes this situation as seriously as possible and quickly terminates the contractual relationship.

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Expert opinion

Alexander Nikolaevich Grigoriev

Mortgage expert with 10 years of experience. He is the head of the mortgage department in a large bank, with more than 500 successfully approved mortgage loans.

Even the most advanced cases can be corrected and loss of housing can be prevented. For example, refinance. This program allows you to take out a new loan to pay off the old one. With the help of refinancing, you can reduce monthly payments, extend the mortgage term, and reduce the financial burden. You can refinance a loan either at the bank where the primary agreement was drawn up or at a third-party financial institution.

If you decide to take out a mortgage from Sberbank, then the most important step for you will be finding a suitable housing option. This procedure is labor-intensive and can take about a month. You can shorten your day by contacting professional realtors and real estate agencies. Specialists navigate the real estate market more easily and can easily find suitable options for the client. With them, it is possible to reduce the time it takes to obtain a mortgage.

Finding housing takes varying amounts of time. This period can be two weeks or a whole month. An apartment can be found at different times depending on numerous factors. The term depends on the customer’s requirements, the seller’s willingness to sell the property and many other conditions. The longer it takes to select a property, the longer the bank and the client will not be able to start processing a mortgage loan.

At this stage, borrowers independently decide whether to search for apartments on their own or turn to professionals in this matter. You can spend a day on this if you can immediately decide on an option. But it is better not to delay resolving this issue, since there are still further stages of registration, which also require time.

How does a typical mortgage transaction work?

Next, all mortgage papers are transferred to the Registration Authority, and then within 5 days the owner of the property changes. The certificate is presented to the bank employee, after which the loan amount is transferred to the borrower’s account, and then to the seller. A second receipt is drawn up, which confirms the receipt of borrowed funds and the final payment.

Passports of all participants in the transaction - the borrower and co-borrowers;
Certificate of employment about income - for all participants;
Confirmation of employment in the form of a copy of the Labor Code or TD - for all parties to the transaction;
Documents for property owned - for all participants;
Second documents (with photo) – for all participants;
Papers confirming additional income - if available, for all participants in the transaction;
Marriage and birth certificates of children - if available;
Certificates of relationship – if close relatives are co-borrowers on the loan;
Educational diplomas – for all parties to the transaction;
An account statement confirming the presence of a down payment;
Other at the request of the bank.

Mortgage in 2 days in 2020 – a publicity stunt or the truth?

To attract customers, some banks assure that anyone can get a mortgage from them in just 2 days. But in practice, it is unrealistic to obtain a mortgage in such a short period of time.

And all because the entire process of receiving money from the bank takes place in several stages:

Submission of an application and preparation of documents for consideration by the bank of the borrower's candidacy. Approval of the application.
Search for housing.
Coordination of the property with the seller and the bank.
Insurance and real estate valuation.
Registration of purchase and sale transactions and mortgage agreements.
Obtaining a certificate of ownership of real estate.

To understand how long the entire process of drawing up a mortgage agreement will take the borrower, you need to consider the stages of the transaction and their duration.

Time frame for the bank to consider an application from a potential borrower

Before finding out how long it takes the bank to consider a mortgage application, the borrower must first collect a minimum package of documents and submit an application.

If a person applies for a mortgage under the general program, then he must take a certificate from his place of work about his salary. It may take 2 days to request such certificates from a company, process them and sign them, so it is unrealistic to obtain a mortgage in 2 days.

But if a person takes out a mortgage loan under an individual program, for example, “By 2 documents,” then he only needs to bring a copy of his passport and another document that identifies the borrower (international passport, SNILS, driver’s license). In this case, the borrower can prepare documents and submit an application in 1 day.

After submitting documents for consideration, the lender (bank) must check the documents, accept them and take them back for consideration as a borrower.

A decision regarding a potential borrower’s application can take from 2 to 10 days. But this period may be extended if the bank requires additional documents from the borrower or needs to check some information about him.

Typically, banks themselves are interested in making a decision on an application as soon as possible, so they consider applications no more than 3 days.

To speed up the process of making a decision on an application, a potential borrower must understand what criteria influence the speed at which the bank makes a decision on a mortgage application:

if a person is served by the bank where he plans to take out a mortgage, then the application can be considered on the day the application is submitted. In addition, when applying for a mortgage at the bank where the client is served, he does not need to take out a salary certificate;
if a person has previously applied for a mortgage or loan with the selected bank, and he has a positive credit history, then the bank can speed up the process of considering the application;
If the client chooses a mortgage program that is profitable for the bank, then he will quickly receive approval for his application. For example, if he indicates that the amount of the down payment will be 50%, then the bank will quickly make a decision, since it is obvious that the person is solvent if he can pay half the cost of housing at a time.

How long does it take to find housing?

Some borrowers mistakenly think that they need to look for housing before they submit an application to the bank. But financial organizations strongly do not recommend doing this, because, firstly, not every property may meet the bank’s requirements, and secondly, not every seller is ready to work with a buyer who wants to buy an apartment with a mortgage.

And thirdly, even if an apartment is found, there is no guarantee that the bank will approve the borrower. Therefore, you need to start looking for housing after the bank approves your application.

Usually it takes a person 1 month to find a suitable property. After the borrower's candidacy is approved, the bank gives him a period of 3 months to find housing.

At this stage, banks themselves usually offer the borrower specific types of real estate, since many cooperate with developers . If a borrower plans to buy housing on the secondary real estate market, then first he must find out from the bank what requirements a particular apartment must meet in order for the bank to issue a mortgage for its purchase.

Seller's risks when selling an apartment with a mortgage

impossibility of inflating the cost of housing;
difficulties in the presence of uncoordinated redevelopment and reconstruction;
a ban on a transaction if an object is included in the list of emergency or dilapidated ones;
the inadmissibility of concluding a purchase and sale agreement before the removal of encumbrances, including potential ones, in the form of relatives who have the right to real estate and were discharged in violation of their rights.

After a visual inspection and confidence that the apartment being sold is capable of serving the new owner for the entire period of collateral, the bank recommends to its borrower an expert assessment of the cost of housing , often prescriptively indicating the specialist who must perform the assessment procedure.

How long does a mortgage transaction last at Sberbank for secondary housing?

Sberbank gives the borrower 3 months to find a suitable apartment or house. After housing is found, specialists check the selected object and approve it. This stage takes up to 1.5 months. The property then needs to be valued at market value. Large real estate companies prepare a report from 3 to 7 days.

The procedure for obtaining a mortgage loan consists of several mandatory steps. Having an application approved does not mean anything. The most difficult thing remains ahead: finding and agreeing on a property with the bank. In addition, you will need to evaluate the premises, conclude an insurance contract for it, and register the housing with Rosreestr.

How long does it take to obtain a mortgage loan from Sberbank?

In most cases, the execution of a mortgage agreement at Sberbank is regulated. According to the bank’s terms, the initial stage of applying for a mortgage, consideration of the application, is allotted from 3 to 5 working days. Increasing the term is an individual case, which depends on many factors, for example, errors in the submitted documents or a lengthy check by underwriters of the borrower’s credit history.

The terms of a mortgage loan may indirectly affect how long it takes to obtain a mortgage from Sberbank. Applications with amounts up to 3 million rubles are considered faster than loans over 5 million. If the bank’s decision is positive, the client has 90 days to find housing and provide information to the Sberbank manager. After choosing a property, obtaining a mortgage loan will take 3-5 days.

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A prerequisite for borrowers from Sberbank is Russian citizenship. You can take out a mortgage in the following places:

Client registration.
Finding the company that is the borrower's employer.
Location of the loan object.

Age: persons from 21 to 75 years old can take out a mortgage. If a mortgage loan is issued without employment certificates, the maximum age of the borrower will be 65 years.

Experience: official employment, continuous experience in the current place - at least six months. Over the past 5 years, the client’s total work experience must be at least one year.

When submitting an application, the conditions for clients receiving salaries on Sberbank cards or deposits are reduced. It is easier for participants in a salary contract to apply for a targeted loan for the purchase of real estate, since they can receive preliminary approval for a mortgage within 1-6 hours from the moment of submitting the application.

Such clients are also more likely to be approved. The lender analyzes the number of receipts on the card or deposit without mandatory certificates. Only clients who receive salaries into Sberbank accounts have the opportunity to get a mortgage with a minimum interest rate and a maximum loan amount at the same time.

Registration procedure

It is quite simple and takes approximately 1 month. However, it is quite difficult to predict exactly how many days it will take to conclude a deal, because the process is influenced by various factors:

The time spent by a borrower collecting and preparing all necessary documents for a mortgage.
The time during which the bank checks the solvency of a potential client and assesses his ability to repay a home loan (as a rule, this takes approximately 7 working days).
The time that the client himself will need to find a suitable residential property, as well as collect all the documents for it and register it.

We can say that the speed of the process is influenced not only by the bank, but also by the client himself - his efficiency and ability to quickly solve assigned tasks are of great importance.

If the borrower is already a client of Sberbank, he will be checked using an expedited procedure. The bank demonstrates the most loyal attitude towards its

. The company already knows everything that is necessary to make a decision about such an applicant for a loan. That is why we recommend submitting mortgage applications to those banks whose clients you have been for a long time. The attitude will also be more loyal to those applicants who have already used a credit or deposit account opened at a bank.

How is the procedure for obtaining a loan:

You submit documents along with your application to the Sberbank branch for consideration. The questionnaire can be filled out in advance by downloading a sample form from the Internet.
Wait for the bank to complete the check and notify you of its decision.
If the decision is positive, you select a real estate property that fits the parameters put forward by the bank (condition, service life, cost, etc.).
You collect all the necessary documents for the residential property and provide them to the bank.
You enter into an agreement after checking the submitted documents.
Register your property rights.
You receive a mortgage, and if possible, this is also provided for in the loan agreement - you repay part of the debt with municipal or state payments.

To speed up the procedure for obtaining a home loan as much as possible, we recommend taking the following actions:

Before applying, contact your bank and find out exactly what documents are needed to apply for a mortgage. Usually this is a standard set: a passport of a citizen of the Russian Federation, a copy of the work book, a certificate of income - however, other documents may be needed, depending on the lending program.
Find an apartment or house to buy in advance and arrange for the seller to prepare the necessary documents.
To calculate the cost of a home loan, find out the value of the property. To do this, you can use a virtual calculator. The approximate calculation will depend on the terms of the loan, the amount, and the size of the down payment. If monthly payments exceed 50% of your income, the bank will refuse to issue a mortgage loan. To avoid this, enlist the support of co-borrowers.
If you receive a positive answer, immediately begin completing all documents. Do not forget that the bank’s decision has a limited validity period - no more than 6 months. That is, you will have to invest this time so as not to submit an application and fill out the documents again.

Calculate in advance how much time and money you will need to pay all expenses. These include home appraisal and insurance. Find out which companies the bank cooperates with and choose the one that suits you according to the most important parameters.

Registration of a mortgage for secondary housing in Sberbank

When a person decides to sell his home, he probably already has a place to live in mind, and therefore he only needs money. Usually, all apartments are not on sale for more than a month. If you have found suitable housing for yourself, remember that you need to urgently apply for a mortgage and pay for it.

After all, it’s better to live in your own apartment and pay monthly fees than to give that same money to your grandmother in her little room. For some reason, all people are afraid to take out a mortgage. Let's figure out whether it's really that scary, and what are the conditions for taking out a mortgage for a secondary home at Sberbank?

26 Apr 2020 glavurist 261

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How to buy an apartment using a mortgage

Important! This method of buying a home is usually chosen in a situation where people do not have the opportunity to save the required amount of money or do not want to wait until they can collect the optimal amount used for the purchase.

This type of loan is available to many citizens, but to do this they must meet the conditions set by banks.

At the same time, some institutions even offer the opportunity to get a mortgage using two documents, so you don’t even need to confirm the presence of official income, although the interest on such a loan will be high.

Applying for a mortgage is considered a specific transaction, so before committing it, you need to study all the features of the process so as not to overpay for housing.

Which mortgage to choose

Modern banks actually offer many lending options that make it possible to purchase an apartment.

How to get a mortgage without mistakes? Expert tips in this video:

Before choosing a specific program, the following features are taken into account:

it must be attractive due to low interest rates or other positive conditions;
the terms of the contract are studied in advance to ensure that there are no additional conditions or requirements;
It is advisable to focus in the process of choosing a mortgage on large and trusted banks that have been operating in the market for a long time;
Usually the most favorable conditions are offered by banks where citizens are regular customers or through whom they receive salaries.

Important! The most relevant is the use of any government program, since there are many unique proposals for various vulnerable categories of the population.