How to get a mortgage at Sberbank without a down payment

People who want to buy real estate are most often forced to use the offers of banks and apply for mortgage loans. They are provided on different conditions, but most often citizens prefer to contact Sberbank.

This organization is famous for its stability and reliability, so it is possible to cooperate with a truly optimal institution.

But at the same time, people may not have their own savings at all, so they can only rely on a mortgage that does not require a down payment.

Most banks offer mortgages only if the potential borrower has enough personal savings to use as an initial investment.

Important! Under the standard mortgage programs of Sberbank, you can’t count on it, but this option can be used when applying various government programs.

What are the conditions for a mortgage in Sberbank and what are the requirements for borrowers? Answers in this video:

Some citizens can enjoy preferential terms based on their status, so they can count on obtaining a mortgage without personal savings. Also, people who have mother capital can get a loan against it.

Who can apply

Only certain citizens who qualify under the conditions of a particular program can apply for a mortgage for which no down payment is made.

These include:

• registration based on the support of borrowers, and this program is federal, therefore it is implemented in all regions of the country;
• use of mother capital as a down payment;
• military personnel can use the accumulated funds within the framework of a special program;
• , issued in another bank, allows citizens to become borrowers in Sberbank without additional investments.

People who are payroll clients at Sberbank or who have a large amount of money on deposit can count on loyal conditions.

Different people can become participants in different programs:

• young people who are officially married;
• citizens deprived of their homes;
• people who are in the queue for an apartment for a long time;
• borrowers of other banks wishing to transfer their mortgage to Sberbank.

How to apply for a mortgage on an apartment? More on .

Important! Only people who are married and their age does not exceed 35 years can be eligible under the Young Family program.

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 can be unscrupulous payers, so even after the sale of real estate, it is likely that all funds will not be returned to the bank.

Therefore, a mortgage is offered, which does not require a down payment, on specific conditions:

• it is obligatory to purchase an insurance policy for the acquired housing;
• life and health of the borrower is insured;
• money is offered only in domestic currency;
• Citizens whose age varies from 21 to 75 years old can become a client;
• 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 in the video:

Important! For each potential borrower who cannot provide the bank with money as an initial investment, additional conditions may be applied.

What interest rates are set

Interest rates on mortgage loans depend on various parameters:

• if refinancing is used, then the minimum rate is 13.25%;
• if mother capital is used, then the rate starts from 9.5%;
• when implementing various state mortgage programs offered at the federal level, the rate starts from 10.5%;
• on 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

Registration of a mortgage loan, which does not require a down payment, is made only when potential borrowers prepare the necessary documentation.

It includes:

• a questionnaire filled out by the citizen himself;
• passport, which must contain a mark on the presence of a permanent residence permit;
• 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 allowed to use other documents to confirm the receipt of certain funds.

How can I reduce the mortgage rate at Sberbank? See.

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

For example, when applying for a military mortgage, you will need a certificate stating that the applicant is really a member of the NIS. If mother capital is used, then a certificate must be submitted to Sberbank employees.

What amount is offered

Since it is not expected that the borrower will invest his own funds initially when applying for a loan, the amount offered by the bank differs significantly from those amounts that are issued under standard mortgage lending programs.

What is a no down payment mortgage? Photo: sbankami.ru

The amounts depend on various factors:

• young families using state support programs can count on an amount of 45 thousand rubles. up to 8 million rubles;
• people who use materiel funds when applying for a loan can receive from 15 thousand rubles. up to 8 million rubles;
• for military personnel it is offered from 15 thousand rubles. up to 2.4 million rubles in a mortgage loan;
• if borrowers wish to refinance, involving the transfer of a mortgage from another bank to Sberbank, then the initial amount is 15 thousand rubles, and the maximum cannot be higher than 80% of the purchased property or the balance of the loan issued in another institution.

It will definitely be necessary to carry out, which allows you to determine the market value of the purchased property, since this factor directly affects how much the borrower will receive from the bank.

How the mortgage is paid off

The loan term can even reach 30 years, but in any case, an annuity payment system is offered for Sberbank mortgages. It assumes that borrowers must transfer a single amount of money to the bank every month.

The debt is extinguished by uniform equal payments, so the principal and interest are distributed over all years.

It is allowed to deposit money ahead of schedule, which allows you to fully or partially pay off the mortgage, and Sberbank does not prevent this in any way. No commissions or other restrictions are used for this.

What additional conditions are taken into account

All programs offered by Sberbank for obtaining a mortgage, for which it is not necessary to invest in the form of a down payment, can be used to purchase not only an apartment, but also a private house.

What to do if Sberbank refused a mortgage - read.

It is even allowed to choose an object represented by an apartment in an unfinished building. At the same time, the purchased property is a security, and it must also be bought exclusively from a legal entity.

It is allowed to repay the mortgage ahead of schedule if the borrower has the opportunity to do so. There are no fees or penalties for this.

How to buy an apartment in Sberbank? Photo: myshared.ru

The bank may require from a potential borrower not only additional security, but also the involvement of co-borrowers or guarantors. This is due to the fact that if there are no payments from him, then the employees of the institution can turn to these persons to repay their obligations for him.

Conclusion