Mortgage with state support: Sberbank of Russia. Reviews about the program and terms of participation

For Russian citizens, mortgages, on the one hand, are the only chance to find housing, on the other hand, long-term debt bondage. The crisis of 2015 deprived the majority of the opportunity to pay the first installment. For those who can not solve the problem on their own, the banking sector has developed a budgetary lending program. More details about what a mortgage is with a state support (Sberbank of Russia), on what terms and to whom a loan is granted, read on.

Statistics

Mortgage in the Savings Bank with state support, the terms of which are different in each region, is very popular. Two weeks after the launch of the program (18.03.2015), more than 150 applications were submitted only in the North Caucasus. Sberbank lends customers who buy housing in a new building. The maximum loan amount is 8 million rubles for the capital and St. Petersburg, for other areas - 3 million rubles. Housing is acquired only from legal entities in accredited real estate. The risks of borrowers are minimized. They do not need additional collateral. You can insure the object right in the Sberbank branch of Russia.

The mortgage with the state support will be valid until the end of February 2016. During this time, it is planned to provide loans for a total of 225 billion rubles. As of November 30, 2015, loans were issued for 180 billion rubles. For 1.5 thousand applications. Approximately 30% of Sberbank's mortgage products are provided under the new program.

Objectives of the program

1. Stimulate the construction industry.
2. Help citizens solve the housing problem.

Sberbank: mortgage with state support

The terms of the loan are simple:

• Down payment: 20% of the cost of housing.
• Term: 1-30 years (inclusive).
• Interest rate: from 11.9% in rubles.
• The minimum loan amount is 45,000 rubles.
• Maximum amount: from 3 to 8 million rubles. (Depending on the region).

A loan in rubles is issued on the security of the property being acquired. Residents of the capital and St. Petersburg can count on 8 million rubles. The remaining citizens can get a loan for a total of 3 million rubles. You can choose an object among the apartments under construction, ready-made new buildings or from accredited vendors. Term of delivery of the property does not matter. Documents for the selected premises should be provided no later than 60 days after receiving a preliminary positive decision. In addition, the credit institution will require the insurance of life and health of its client. The minimum rate of the Savings Bank for a mortgage with state support is 11.9%. It does not change after the registration of the object. But it affects the amount of the initial contribution, the term of participation in the program, membership in the salary project, a "good" credit history in the past. Commission for the issuance of a loan is not charged. Among the additional costs may be: payment for life and health insurance services, evaluation of the acquired object, notarization of documents.

Requirements for the borrower

• Age: a minimum of 21 years, a maximum of 55 years (women), 60 (men).
• Passport of a citizen of the Russian Federation.
• Experience in the last job: 6 months.
• Total length of service: 12 months.

The client will have to attract co-borrowers (spouses, relatives and friends). This will help ease the credit burden. The more "assistants", the higher will be the total income by which the maximum loan amount is determined.

Algorithm of actions

To apply for participation in the program "Mortgage with state support (Sberbank of Russia)", it is necessary:

1. Fill out a questionnaire, a sample of which is on the site of the financial institution.
2. Collect a standard package of documents for all participants: a copy of the passport, data on the employer, 2-NDFL.
3. Provide paper to any branch of OAO Sberbank of Russia.
4. Wait for the bank's decision.

In parallel, it is necessary to collect a second package of documents, which relates to the property being purchased. It is often used as collateral. Very rarely banks agree to use other housing as security. For such an object it is necessary to provide: a registration certificate, a contract of sale, a cadastral passport, a certificate of absence of debts for payments for utilities, information about tenants.

The participants

In which banks can I issue the product "Mortgage with state support"? Sberbank, VTB24, Gazprom, Deltacredit, Bank of Moscow, RSHB. The desire to participate in the program was expressed by 30 not only large but also small banks. The share of state financial institutions, as well as Sviaz-Bank, Absolut Bank, Vozrozhdenie, accounts for a large portion of the planned loans of 400 million rubles. More than half of this amount is going to procure Sberbank. Mortgage with the state support during the previous crisis of 2008-2009 operated only through VTB. The choice of a financial institution does not affect the terms of the loan. The rules for receiving money are as follows. The borrower pays a minimum of 11.9% per year of the amount. The maximum compensation that banks can expect from the state is 5.5%. The Finance Ministry has allocated 20 billion rubles from the state budget to finance the project. Since the plan was not completed by the end of 2015, the program was extended.

results

Since the program "Mortgage with state support" (Sberbank of Russia) is still in force, it is too early to sum up the results. So far we can only talk about the dynamics of real estate sales. So, almost all developers since April 2015 have noted a sharp increase in the number of signed contracts of sale. The first participants of the program began to collect documents in January last year, but the transaction was postponed until the launch of a new product. First, contracts were concluded with a minimum budget. The loan was taken by persons who expected early repayment (for them, the rate was not so fundamental), as well as those who signed contracts for a short period (3-5 years), so as not to overpay for interest.

Since the middle of the year, customers have started to appear, who have long been asking prices for housing in new buildings. Despite the reduced demand, with each month the range of real estate is declining. This is especially noticeable for objects in the high stage of readiness, in which housing has been sold for several years.

Features

Most of the transactions are through Sberbank. Mortgages with state support, of course, spurred demand for real estate. But still there are customers who, despite the strong fall of the ruble, are ready to make out a loan even on standard terms. If earlier clients applied to Sberbank, because there was the lowest rate, now they receive a refusal, they submit documents to other institutions, and not only to state programs.

Program conditions also changed. Earlier it was possible to pay the loan up to 75 years of age. Now we have set a new threshold - 60 years for men and 55 for women. According to realtors, the average age of the borrower is 25-35 years, and the contract is mainly for 10-15 years.

Additional financial support

Should I take Sberbank's mortgage with state support? Every potential borrower answers this question himself. Builders also have to fight for every client. For this, they develop their loyalty programs. Some of them are more profitable than the Savings Bank program.

For example, FGC "Leader" and "Otkrytie" bank launched a subsidy program not only by the state, but also by the developer. The conditions are as follows: the first year the client pays 8 or 10 percent per annum, depending on the amount of the initial installment. Starting from the second year, the rate is increased to 11.95% or to the rate that the bank will offer, depending on the financial position of the borrower. The loan can be issued for a maximum of 30 years.

GC "Leader Group" is holding an action for the residents of the capital. Buyers of real estate in the "Leader Park" quarter, "Happiness City" and "Lobnya-City" microdistricts receive a discount of 12% of the total cost of the property if the property is purchased on a mortgage basis. With which particular credit institution will be entered into a contract, it does not matter.

"Khimki-Group" additionally subsidizes the rate by one percent. That is, if the mortgage is issued under the state support program, then the client pays not 11.9%, but 11%. "City-XXI Century" and "Absolut-Bank" created an affiliate program for the purchase of housing in the "Paints of Life" complex at 11.5%. Urban Group launched the project "Support with state support," in which the rate for all participants is reduced by 4 percent.

Sberbank. Mortgages with state support: reviews

The biggest drawback, which is noted by the participants of the program, is a small selection of real estate objects. Sberbank accredited borrowers inflated prices for housing. And if you buy an apartment through another company, the rate will increase. The second problem is a high initial fee. Under the terms of the standard program, the borrower could contribute 10% in advance. Now this figure has increased to 20%. This means that if earlier a person could count on a "kopeck piece" in a residential area, now it is difficult for him to have a one-room apartment or a studio apartment. Another stumbling block is the interest rate. In fact, it increases by about 1%. We will calculate the mortgage with state support. Sberbank is ready to provide loans to the client at 11.9%. At the same time, an obligatory condition for entering into a contract is life insurance for a borrower for at least 1 year. After 12 months, the borrower must extend the duration of the insurance, otherwise the rate will increase to 12.9%.

At the same time, borrowers note positive aspects. First, at the preparatory stage, the bank manager is engaged in all the paperwork. Clients appear exclusively for signing the contract. Secondly, even taking into account insurance payments, the monthly fee is a little higher than the rent for a similar apartment.

In the dry balance

The budget program allows you to purchase real estate under a preferential rate (from 11.9%) for up to 30 years. Borrowers have the right to use maternity capital to cover part of the debt, and then get a tax deduction. But the program has its drawbacks. First, a limited number of member banks. There are only 30. But in small provincial cities you can apply de facto only to VTB24 and Sberbank. The second is an initial contribution of 20%. For comparison, TransCapitalBank can issue a loan within the same state program, paying 15% as an advance. On the other hand, the more money a potential borrower makes as a down payment, the lower the interest rate he can expect.