Documents for purchasing an apartment with a mortgage from Sberbank

What documents are needed

Today, Sberbank offers clients a large selection of loan programs through which citizens can obtain funds to purchase real estate. Each offer is characterized by certain conditions and includes a list of documents required to obtain a loan.

The largest Russian bank today makes it possible to obtain credit funds under the following products:

• new building;
• secondary housing;
• country estate;
• construction of a private house;
• military mortgage;
• with maternity capital;
• with government support;
• non-targeted lending.

A minimum number of documents is required when going through the procedure without proof of official employment.
In this case, it is enough for the citizen to provide a passport and another document that should confirm his identity. Acceptable items include:

• driver license;
• serviceman's certificate;
• military service ticket;
• international passport;
• pensioner's ID.

The advantage of the simplified scheme is the ability to reduce time costs, since the transaction is completed as quickly as possible and the potential borrower does not need to collect a large package of papers.

The list of documents for the purchase of housing under construction and finished housing at Sberbank is clearly regulated by the program rules. Additional information may be requested by the lender in rare situations when it is necessary to obtain additional information.

Documents can be divided into the following categories:

1. Personal - designed to confirm the citizenship, level of reliability, and welfare of the main borrower;
2. Title-establishing - relate to the rights to the acquired residential real estate or the collateral;
3. Confirmers - certify the presence of a certain status or give permission to receive benefits.

The largest list of documents is submitted within the framework of preferential and social lending programs. The process of obtaining such loans is associated with a longer processing time, which is due to the need to undergo certain checks and obtain permits. For example, the use of maternity capital requires the provision of a certificate from the Pension Fund. Such a document confirms the possibility of paying the loan or accrued interest using government support funds.

Documents required for electronic submission

Important: the service is intended not only for those who bought an apartment using a mortgage loan. Anyone who doesn't want to spend hours in queues can use it.

The following documents are submitted to the bank manager:

• Agreement for the sale and purchase of real estate or equity participation, if the apartment was purchased at the foundation pit stage.
• Consent of the spouse, if required by law.
• Application for registration. The new owner fills it out directly at the bank.

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If one of the submitted documents is in doubt, the registrar has the right to refuse acceptance.

List of required documents

It is recommended to clarify the list of documents for applying for a loan in advance, which will avoid misunderstandings and refusals due to the provision of an incomplete package. Such information is available on the official resources of banks in the section on the conditions of mortgage programs. Convenient navigation and division into subsections allows visitors to easily navigate and quickly find information of interest. Alternative options for obtaining the necessary information are to visit the bank in person or call the user support line.

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How does a mortgage transaction proceed, stages of obtaining a mortgage

To approve the application

The first step in obtaining a loan is always to submit an application, the result of which may be approval or refusal to receive a loan. The reason for a negative answer is often poor experience in repaying loans, being included in the list of “unreliable” clients, low income and high debt load.

You can apply for a loan today at a bank branch or through an electronic service. The use of Internet technologies in a transaction allows you to reduce time and obtain certain financial benefits. Sberbank today provides more favorable conditions to clients who use the DomClick service and the secure payment mechanism.

Filling out an application is reminiscent of working with a questionnaire, so the potential borrower fills out certain sections sequentially.

When registering, you will need to provide the following information:

1. Information about the client - full name, passport details, social status, education received and other information;
2. Financial situation - level of income and main items of expenditure, additional sources of income, existing property;
3. Financial burden - the presence of outstanding loans and other obligations, including alimony and court penalties;
4. Loan parameters - the desired loan amount, the duration of the contractual relationship and the direction in which the loan funds will be spent.

Each client must confirm his consent to the processing of personal data by placing a special mark on paper, and in the case of electronic submission of an application, on the appropriate section of the form. The time it takes to receive a response may vary from bank to bank, but on average it ranges from 1 to 5 days. The duration depends on the stated parameters, credit history and the chosen method of communication with the bank. If submitted remotely through the website service, a decision on the application can be expected within 24 hours, and the response will be sent to the specified email address or telephone number.

Where to start applying for a mortgage at Sberbank?

To begin with, you should pay attention to the programs offered by Sberbank and the requirements established for the candidacy of borrowers.

The lowest percentage of refusals is observed for clients who fully comply with Sberbank requirements.

These include:

• Achieving the age of 21 years and a maximum age of 55 years at the time of registration of the mortgage;
• Availability of state registration at the place where the loan was issued and the location of the Sberbank branch;
• The total work experience must be at least one year over the last 5 years, and at the last place of work - at least 6 months.

To apply for a loan

After the application is approved, the client can proceed to the stage of collecting documents for obtaining a loan. For this, a certain time limit is given, which in different banks varies from 3 months to six months, and in Sberbank it is limited to a period of 90 days. This type of information should be clarified, since if the period ends, the loan approval procedure will have to be completed again.

The required list of documents depends on the following nuances:

• type of program - standard, preferential, with state support;
• design scheme - classic, simplified, with the involvement of departmental structures;
• category of borrower—beneficiaries, participants in salary projects, general grounds;
• type of real estate - new building, secondary housing, private house with land;
• bank requirements - conditions imposed on the physical characteristics of the object.

Sberbank imposes less stringent requirements on salary clients, who also have the right to count on the possibility of receiving a loan at a lower interest rate. Citizens with this status are not required to provide a certificate of income, since credit specialists receive such a document independently without the participation of an individual. All information about the movement of funds in the account is available in the bank’s electronic database, so obtaining such information does not require much time and effort.

One of the mandatory requirements when applying for a loan is insurance of the purchased object. This rule applies today to all mortgage banking products, as it is determined by legal norms. In addition to compulsory insurance, the client has the right to use services to protect health, life and title. Such an agreement is concluded on a voluntary basis, and if it exists, many banks are ready to provide borrowed funds at a base rate. In its absence, the loan rate may be increased, which, given the large mortgage amounts, is fraught with a significant overpayment.

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How Sberbank checks borrowers and approves loans

How is a mortgage processed at Sberbank?

Typically, the process of obtaining a mortgage for housing in the primary development market does not take as long as in the secondary market - usually the client chooses a developer who cooperates with Sberbank programs, so employees accept the purchase object and collateral and transfer money for equity participation in construction.

Apartments that are selected by clients independently and purchased from previous owners must undergo a somewhat more complex approval and evaluation procedure.

To obtain ownership rights

After approval of the application, the client has the right to begin selecting the desired property, giving preference to an apartment in a new building, on the secondary market, or a non-standard option. The property must be approved by the bank, and the selection process can be simplified by considering options from the credit institution’s proposals. This method allows you to choose trusted housing or an accredited developer, which minimizes the risk of encountering fraudulent schemes and deception when purchasing real estate.

The loan agreement specifies all the essential conditions for the provision of borrowed funds.

The following are considered important points:

• amount and currency of the contract;
• loan terms;
• interest rate;
• principle of interest calculation;
• nuances of calculating fines;
• amounts of additional fees.

A necessary step will be to contact the registration authority to register ownership of real estate. A significant part of citizens today use the services of the MFC for this, since the method of submitting documents is accessible, simple and allows them to receive the necessary amount of consultation.

When applying you will need to provide:

• application according to the established form;
• identification card in the form of a passport;
• mortgage loan agreement;
• act of acceptance and transfer;
• check for payment of state duty;
• title documents for the apartment;
• mortgage;
• report from the appraiser.

If there are no comments regarding the list of documents and their execution, the transaction is registered. From this moment on, an encumbrance is placed on the residential property, which is associated with a ban on further property transactions until the loan is fully repaid. Sberbank today provides its clients with the opportunity to electronically register a transaction, the use of which allows them to avoid a visit to the MFC.

Documents for a new building

Many clients turn to the bank to obtain a loan for housing under construction or newly constructed housing.

For registration, a potential borrower will need to provide:

• application form;
• borrower's passport;
• registration certificate;
• confirmation of financial status;
• work book or contract;
• documents regarding collateral.

The client can provide the bank with a DDU or an agreement for the assignment of rights of claim. Documents on the loaned object can be transferred to Sberbank within 90 days from the date of receipt of notification of approval of the application.

The borrower must document the ability to pay the down payment, the amount of which is determined by the terms of the banking product and the agreement with the bank.

This could be:

• current account statement;
• payment documents confirming payment of part of the cost;
• document confirming receipt of the subsidy;
• housing certificate.

Programs for young families will require marriage and birth certificates. If the process plans to attract maternity capital funds, then additional documents will include a maternity certificate and permission from the Pension Fund.

What documents do you need to provide to purchase a secondary home? Purchasing housing on the secondary market allows the borrower to immediately resolve the issue of place of residence, since there is no need to wait for the property to be put into operation, repairs and other work necessary for comfortable living. At Sberbank, mortgages under programs for finished apartments may involve a simplified registration procedure or a standard scheme.

In addition to supporting documents about the borrower’s identity, his experience and income, you will need to provide a list of documents regarding the loaned object and papers from the seller.

The main documents include:

• certificate of ownership;
• extract from the Unified State Register of Real Estate;
• the basis for the emergence of property rights;
• cadastral documentation.

If the borrower is married, the spouse automatically becomes a co-borrower on the loan. The exception is situations when a marriage contract is concluded between the partners, which defines special conditions for the acquisition and ownership of property. In this case, you will need to additionally provide such an agreement to the bank.

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Mortgage under two documents

For several years now, Sberbank has had the “Mortgage on two documents” program. Its essence is that confirmation of income and employment is not required to complete and consider the application.

The following documentation will suffice:

1. Passport. It must contain a mark about the place of registration.
2. For temporary registration - a certificate in form No. 3 from the Federal Migration Service.
3. Second document (optional):

• SNILS;
• driver's license;
• military ID;
• identity card of a person undergoing military service;
• identification of a person serving in federal government bodies;
• international passport.
• application form.

A mandatory condition for a mortgage according to two documents is the presence of a down payment in the amount of 50% of the cost of the purchased home.

For the opportunity to obtain a mortgage without proof of income and employment, the borrower will have to pay the bank 1% more per annum compared to a regular mortgage loan.

How long does Sberbank consider the application?

Consideration of a submitted application by Sberbank depends on many factors, and in most cases the bank gives a decision within 2 days. If you choose the electronic option for contacting, a response can be given within a few hours.

The timing characteristics are influenced by the following points:

• requested loan amount;
• the ratio of the borrower's income and expenses;
• having the status of a reliable or salary client;
• quality of repayment of past loans;
• availability of co-borrowers and guarantors.

Payroll clients who have a good credit history and want to take out a loan to purchase standard real estate within the framework of classic documents receive the fastest response. The larger the number of documents and the more unstandardized the request, the longer the review process will be. If you want to apply for a loan to purchase a secondary home, the average period today varies from 3 to 5 days. Only Sberbank working days need to be taken into account, that is, excluding holidays and weekends.

Before submitting an application to Sberbank, you must obtain clarification on what documents the credit institution requires as part of a specific proposal. It is important to take into account time restrictions regarding the validity period of permits during the approval period, otherwise the potential borrower will have to go through the application procedure again.