What interest rates do banks have on mortgages now? Which bank is better to get a mortgage from: compare rates! So, what does the loan percentage depend on?

In 2019, Sberbank offers a whole line of mortgage loans. Among them:

• √ Mortgage with state support, under which a loan is provided for the purchase of housing under construction or housing in a finished new building;
• √ Mortgage loan for the purchase of finished housing (apartment, residential building or other residential premises on the secondary real estate market);
• √ Loan for the purchase of housing under construction (apartment or other residential premises on the primary real estate market);
• √ Mortgage plus maternity capital (maternity capital funds can be used for a down payment or part of it) and others.

Here we will look at the conditions and interest rates of Sberbank mortgages for the purchase of housing on the secondary market. See primary loan rates

How to reduce interest on a Sberbank mortgage

Today, Sberbank offers several opportunities to reduce the interest rate on a mortgage compared to the base value.

• > Firstly, the percentage is reduced if the service of electronic registration of the transaction is issued.
• > Secondly, now you can reduce the rate if you choose to buy ready-made housing as part of the “Showcase” promotion. The apartments are presented on the DomClick portal, a service for purchasing real estate created by Sberbank. The promotion applies to apartments marked with a special “Online Approval” badge. These are real estate properties that have already been verified by Sberbank, which can be approved online without providing the bank with an extract from Rosreestr. To take advantage of the offer, you must receive a positive decision on a Sberbank mortgage, select an apartment on DomClick and send it for approval through the service.
• > Thirdly, the bank today issues mortgages with state support for families in which a second or third child was born from January 1, 2018 to December 31, 2022.

The amount of interest rates on Sberbank mortgages, reduced as part of the promotions, is indicated below.

Sberbank: mortgage for secondary housing in 2019

Today, Sberbank mortgage loans for the purchase of finished housing are issued in rubles, and in an amount of up to 15 million rubles. a loan can be provided without proof of income and employment (according to two documents). True, this amount applies only to real estate in Moscow and St. Petersburg; in other regions it amounts to 8 million rubles.

Sberbank mortgage for finished housing: conditions in 2019

> Minimum amount: 300,000 rubles;

> Maximum amount: must not exceed the lesser of two values:

• - 85% of the contractual value of the residential premises being financed;
• - 85% of the estimated value of the residential premises being loaned or otherwise registered as collateral.

> Duration: up to 30 years;

> Down payment: from 15%;

Mandatory insurance of the property pledged as collateral (except for the land plot) against the risks of loss/destruction, damage in favor of Sberbank for the entire term of the loan agreement.

Sberbank mortgage in 2019: interest rate on secondary housing

For payroll clients, including taking into account the electronic registration service:

As part of the "Showcase" campaign

Without the "Showcase" promotion

Allowances:

0.2% - with a down payment of 15% to 20% (not including the upper limit);
+0.1% - if you refuse the “Electronic Registration Service”;
+ 0.3% - if you do not receive a salary from Sberbank;

Interest rates on Sberbank mortgages for 2 documents

These rates in rubles and foreign currency are valid for clients who have not provided proof of income and employment in the case of a down payment of 50%, taking into account the “Electronic Registration Service”.

As part of the "Showcase" campaign

Without the "Showcase" promotion

Allowances:

1% - upon refusal of life and health insurance of the borrower in accordance with the requirements of Sberbank.

Who can count on getting a mortgage from Sberbank?

Today the Security Council of the Russian Federation is quite strict with potential borrowers.

Age. Citizens of the Russian Federation over the age of 21 can get a mortgage from Sberbank for secondary housing. It is only important that the age at the time of repayment of the loan does not exceed 75 years (65 years if the mortgage is without confirmation of income and employment).

Experience. You must also have at least 6 months of work experience at your current place of work and at least 1 year of total work experience over the last 5 years (n and this requirement does not apply to Sberbank salary clients).

No more than 3 individuals can act as co-borrowers on the loan, whose income is taken into account when calculating the maximum loan size.

It is also important to confirm your financial status and employment. To convince the bank that you can return the money received on time, you will have to collect a whole package of documents.

Documents for a mortgage in Sberbank: list

To consider a loan application for a mortgage loan for finished housing, you must provide the bank with the following package of documents.

Without proof of income and employment:

• > borrower application form;
• > borrower’s passport with a registration mark;
• > second identity document (optional):

Driver's license;
- military personnel identification card;
- identification card of a federal government employee;
- military ID;
- international passport;
- insurance certificate of compulsory pension insurance.

The mortgage rate can be reduced if you collect a more complete package of documents, that is, confirm income and employment. For this you will need:

• > borrower/co-borrower application form;
• > passport of the borrower/co-borrower with a registration mark;
• > a document confirming registration at the place of stay (if temporary registration is available);
• > documents confirming the financial condition and employment of the borrower/co-borrower (See the full list in pdf format).

If another property is pledged as collateral for a loan:

• > documents on the provided collateral.

Documents that can be provided after approval of the loan application:

• - documents on the residential premises being financed (can be provided within 90 calendar days from the date of the Bank’s decision to issue a loan);
• - documents confirming the presence of a down payment.

See also at what percentage you can get a mortgage today from Rosselkhozbank >>

How to get a Sberbank mortgage for finished housing

Now that we have found out the basic conditions and interest rates of a Sberbank mortgage loan for finished real estate, we can understand the intricacies of the loan application process itself.

Step 1. If you are planning to buy an apartment using borrowed funds from Sberbank, first soberly calculate your financial capabilities. Remember that the loan is taken not for one year, but for a long period. During this time, your income may change either up or down. Therefore, calculate your loan using a mortgage calculator. For detailed calculations, it is better to use the calculator on the official website of Sberbank. But preliminary calculations can be done using our online mortgage calculator.

Mortgage calculator

Step 2: Submit your mortgage loan application online. You can do this on the DomClick website from Sberbank. There you can register in your personal account, consult with a specialist via chat, and even get mortgage approval directly on the website.

Step 3. Choose an apartment. You can also do this on the DomClick website, where a wide range of ready-made apartments is presented. But you can look for housing yourself on classifieds websites or with the help of realtors.

Step 4. Complete the deal. If possible, it is better to do this using the “Electronic Registration Service” from Sberbank. You can sign a loan agreement and send documents for registration this way even without visiting Rosreestr or the MFC.

Is it possible to use matkapital for a down payment?

By purchasing finished housing on credit with the help of Sberbank, you can use maternity capital funds for the down payment (or part of it). The basic conditions and rates of mortgage programs do not change. You only have to take into account a few nuances. In particular:

1. The purchased residential premises must be registered as the property of the borrower or the common shared property of spouses and children (if desired);

2. Clients who do not receive wages into an account opened with Sberbank must provide documents confirming their financial condition and employment when applying for a loan;

3. Within 6 months from the date the loan was issued, you must contact the branch of the Pension Fund of the Russian Federation to transfer maternity capital funds to repay the loan debt.

Documents for a Sberbank mortgage for maternity capital

To obtain a loan under the “Mortgage plus Maternity Capital” program, the following additional documents are provided in the basic package of documents:

State certificate for maternity (family capital);

Document from the Pension Fund of the Russian Federation on the balance of maternity capital (Valid for 30 calendar days from the date of issue. Can be provided within 90 calendar days from the date of the Bank’s decision to issue a loan along with documents on the property being financed).

Mortgage with state support for families with children

This is a new state mortgage support program for families in which a second or third child was born from January 1, 2018 to December 31, 2022. Issued for the purchase of finished or under construction housing.

Conditions

Duration: from 1 year to 30 years;

Minimum amount: 300,000 rubles;

Maximum amount: 8 million rubles (in Moscow, Moscow region, St. Petersburg and Leningrad region) / 3 million rubles (in other cities and regions of Russia);

Down payment: 20% of the property value.

Interest rates for mortgages with state support for families with children

Rates are subject to insurance. Mortgages with state support for families with children are not provided without life and health insurance for the Borrower!

The interest rate is of decisive importance when choosing a lender for a home loan. The size of the monthly payment and the amount of the final overpayment depend on it. Both factors are key when analyzing banking products. The reduction in mortgage rates in 2018 is quite justified, after the Central Bank repeatedly reduced the key rate. This contributes to growth in housing lending, which means an increase in sales in the real estate market.

Mortgage rate reduction: background and forecasts

The financial crisis in the country could not but affect housing lending. The rise in the dollar exchange rate, the fall in oil prices and the increase in the key rate by the Central Bank led to a significant drop in the mortgage market. At this point, credit institutions raised interest rates, simultaneously increasing the size of the starting payment.

However, by 2017, there was a revival in the lending sector. Financiers predicted a massive reduction in fees for the use of borrowed funds. The reason for such statements was the reduction of the key rate of the Central Bank of the Russian Federation. This happened three times during 2017. At the end of last year the rate was 7.75%.

For most citizens, the question of whether mortgage rates are expected to decline in 2018 is an acute one. After all, a mortgage requires a long borrowing period, and potential borrowers want to get a loan under the most favorable conditions. In June last year, the Central Bank again decided to reduce the rate to 9%.

In mid-September there was another decline – to 8.5%. The last reduction in the key rate occurred in December 2017 – to 7.75%.

A reduction in the key rate and mortgages have a close relationship. The fee for using borrowed funds in credit institutions depends on the value of the rate. Also, the key indicator affects the level of inflation in the country. The main reason for the changes was the slowdown in consumer price growth.

In addition, banking clients are interested in when mortgage rates will be reduced. Citizens are trying to get a loan to buy a home, taking into account the reduction in its cost. Improving conditions for mortgage products will determine the development of the construction industry and the real estate market as a whole. According to analysts, a reduction in the amount of fees for using a loan will determine the growth of the mortgage market over the next 3-4 years.

Current rates

The decrease in the indicator by the Central Bank of the Russian Federation led to a decrease in the same parameter in Sberbank, the largest bank in the country. The reduction in mortgage rates was the most significant in recent years. The size of the reduction varies from 0.6 to 2 percentage points.

At the same time, Sberbank reduced the size of the down payment for the purchase of finished housing by 5 points. Now, as for new buildings, it is 15% of the cost of housing. Previously, an initial payment of at least 20% was accepted for the purchase of a resale property.

Following the flagship of housing lending, a reduction in loan fees occurred in most large banks.

There is a decrease in the mortgage rate to 9.5 - 10% and below, which is a record parameter over the past five years.

Already, the flow of client applications has increased by 25% compared to the beginning of the year.

For finished housing

The basic conditions for purchasing an apartment on the secondary market are now as follows:

For new buildings

Review of the current fee for using a loan when purchasing an apartment on the primary market:

The tables show the average values ​​of the indicator. As part of promotions carried out by each bank, the rate may be lower. This usually concerns the purchase of real estate from a specific developer.

How to get a low rate at checkout

The final fee for using borrowed funds is calculated individually for each client. It depends on many factors. To qualify for a loan at the lowest rate, you must meet the following criteria:

1. Having a permanent job and a stable income. Employees are more willing to lend, which means the rate for them will be lower than for individual entrepreneurs.
2. Ownership of real estate. When collateral is issued, the loan fee is also reduced.
3. Positive credit history.
4. Participation in bank salary projects. Basically, for such clients, financial institutions offer products with more flexible conditions.
5. Possibility to make an initial payment exceeding the minimum established by the bank. The more the applicant contributes, the lower the rate will be.

In addition, participants of special programs can apply for reduced interest rates: military personnel, young families, employees of budgetary enterprises. An additional factor in reducing fees for the use of borrowed funds is participation in promotions periodically held in banking structures.

Each financial institution puts forward its own requirements for assessing the client’s solvency and setting the interest rate level.

Reducing interest on existing mortgage

Existing borrowers are also wondering how to lower their mortgage rate if they have already taken out a loan. There are the following ways to do this:

1. Try to negotiate with the financial institution to renegotiate the terms of your existing loan. This is possible if the bank reduces the amount of the indicator under the same program under which the client has already taken out a loan. However, credit institutions are reluctant to do this, arguing that the agreement was signed on individual terms.
2. Apply for refinancing to another bank. Many lenders offer this product to clients. It should be taken into account that there should be no delays in servicing an existing loan. Also, such a procedure will require new time costs and expenses associated with property insurance.
3. Restructure the loan at your bank. If the question arises of how to reduce your monthly payment on an existing mortgage, this tool is used first. But in order to take advantage of the restructuring opportunity, you need to have compelling reasons for this. Not every lender will approve such an application.

Mortgage loans are becoming cheaper, and this is causing an increase in demand in the real estate market. It is difficult to predict how long this trend will last.

Sberbank reduces mortgage rates: Video

Since August 10, 2017, Sberbank has reduced lending rates to record lows. Thus, under certain conditions in 2018, you can get a mortgage at 7 percent per annum if you purchase an apartment in a new building from an accredited developer.

Conditions for preferential mortgages at Sberbank

You can only get a mortgage at such a low rate from certain developers accredited by Sberbank. You can view the list of available objects at the link domclick.ru/?region. You need:

• select the appropriate region (the default is Moscow);
• type of housing - new building;
• indicate the desired delivery date.

The system will automatically sort properties participating in the program to reduce mortgage rates to 7 percent. You can choose the ones that suit you and contact the developer to clarify the addresses and prices of apartments and apartments.

The key conditions for a preferential mortgage at Sberbank are as follows:

• Duration of validity of the approved application is 90 days;
• making payments through letters of credit;
• the ability to split the loan into two parts to reduce the monthly payment;
• currency - rubles only;
• amount – from 300 thousand rubles, the maximum loan size is nominally unlimited;
• first payment – ​​15% (50% if a mortgage is issued using two documents);
• term - up to 7 years, if you need to get a mortgage at 7.4 percent, up to 30 years - with a mortgage from 9.4%.

Under the terms of the program, the purchased apartment is subject to collateral and insurance will be required for it.

The client can attract up to 3 co-borrowers, their income will be taken into account when calculating the maximum loan amount. The spouse of the recipient of a preferential mortgage is necessarily a co-borrower, even if he does not have a regular income.

There is no commission or additional fees for obtaining a mortgage from Sberbank at 7 percent per annum, however, when using safe deposit boxes or a letter of credit, you will have to pay for storing funds.

Under the program, you cannot buy an apartment on the secondary market or from an unaccredited developer; the terms of the preferential mortgage do not apply to townhouses and private houses.

The application is reviewed within 5 working days.

How to get the lowest rate in 2018

To take out a mortgage at 7 percent per annum, the borrower must meet certain requirements. Thus, the standard flat mortgage rate for any buyers is 9.5% per annum.

How to reduce to 7.4% per annum

You can reduce it to the coveted 7.4 percent:

• by 2% – when purchasing housing in a new building from accredited developers registered on the Domklik website;
• by 0.1% – when registering a transaction online by Sberbank employees.

The following surcharges apply:

• 0.5% – for borrowers who are not payroll clients of the bank;
• 1% – if the borrower refuses to take out life insurance.

Documents for rate reduction

It is impossible to get a mortgage at 7 percent in 2018 without providing income certificates. When applying for a mortgage using two documents (passport and anything else), the following rates apply:

• 8.5% – when paying more than 50% of the down payment and when purchasing an apartment from an accredited developer;
• 8.4% – similar, but when registering a transaction online.

If you purchase an apartment on credit on the secondary market or on the primary market from a developer not accredited by Sberbank, then if you make more than 50 percent of the down payment and without providing proof of income, you can count on a rate of 10.4-10.5% per annum.

A mortgage at 7.4 percent per annum can only be obtained by salary clients who buy a new building from an accredited developer, have taken out insurance and entrusted the registration of the transaction to an electronic service.

Getting a mortgage at 7%

Borrowers who meet the basic requirements of Sberbank can get a mortgage with a rate of 7 percent:

• age from 21 years;
• maximum age – 75 years at the time of repayment of the mortgage;
• experience – at least six months.

Who can apply

Documents you will need:

• application and questionnaire;
• passport;
• optionally - any other identification document (for example, driver’s license, military ID, SNILS);
• an extract from the work record book or a copy of the employment contract;
• a certificate confirming regular income (not needed for salary clients);
• when providing collateral - documents evidencing the borrower’s right to the property.

After approval of an application for a mortgage with Sberbank at 7.4 percent, the future home owner must provide within 90 days:

• documents for the selected apartment, including an agreement with the developer (most of the papers are provided by the developer, the assessment can be ordered on DomClick);
• evidence of the client’s availability of funds for the down payment – ​​account statement, savings book, maternity capital certificate, etc.

To simultaneously participate in the Mortgage at 7 percent per annum and Young Family programs, you will additionally need to provide:

• certificates of the borrower's marital status;
• documents confirming the fact of the birth of the baby;
• certificates about the financial situation of the family.

Receiving algorithm

In order to get a mortgage at 7 percent per annum, you must

• find a suitable investment object on the website of the official representative of Sberbank Domclick at domclick.ru/?region;
• contact the developer, clarify the cost of the apartment and obtain from him all the documents necessary for the bank;
• calculate the loan on the page ipoteka.domclick.ru, indicating the full price of housing and the amount of the down payment, as well as selecting additional options that affect the reduction in the cost of the loan;
• create a personal account on the Domklik website, upload the necessary documents into it and submit an application to receive a mortgage from Sberbank at 7 percent for the purchase of the selected apartment, indicating the branch where it is most convenient to draw up an agreement;
• expect your application to be reviewed within 5 working days;
• drive to the selected bank office to agree on all conditions and sign the loan agreement and other documents.

There is a DomClick mobile application through which you can submit applications and track their status.

You can get additional services on the service website. For example, order an express examination of an apartment, a real estate appraisal, and create conditions for secure non-cash payments with the seller.

To save on a mortgage at 7 percent per annum in 2018, you can purchase an electronic policy in advance at sberbank-insurance.ru/products/sberbank-debtor-insurance; it will cost less than if issued at a branch.

Additional features

Maternity capital funds can be used to partially pay the mortgage or pay off the down payment. In addition to the certificate itself, the bank will need an extract from the Pension Fund, which indicates exactly how much money is left in the account of the owner of the capital.

Mortgage plus maternity capital

To obtain a mortgage from Sberbank at 7 percent per annum using maternity capital, you must participate in the Mortgage plus maternity capital program. The presence of a certificate does not affect the likelihood of loan approval or disapproval.

Electronic transaction registration

Other opportunities provided by Sberbank include electronic registration of a transaction. It is performed by a bank employee using the Domklik service. The service includes:

• payment of necessary state fees;
• issuing an electronic signature for all parties;
• support of the entire transaction by a bank employee, including drawing up an agreement;
• sending documents to Rosreestr and monitoring the transaction registration process.

As a result, the client will receive the necessary documents by email: an extract from Rosreestr indicating the transfer of ownership, a real estate purchase and sale agreement.

The cost of the service is from 5550 rubles. Ordering electronic registration affects the reduction in the cost of a Sberbank mortgage of 7 percent in 2018 by 0.1 percentage point.

Receiving a tax deduction

Another additional option when applying for a mortgage is receiving a tax deduction:

• property - in the amount of 13% of the cost of the purchased housing (maximum amount - 260 thousand rubles, it can be received only after registration of ownership of the apartment, i.e. after delivery of the property);
• for the amount of mortgage interest - maximum 13% of 2 million rubles

The last type of deduction can be received before registering ownership of the property, which is important when purchasing a new building. The resulting deductions can be used at your discretion, including for partial early repayment of the loan.

Conclusion

Thus, only certain categories of Sberbank clients can get a mortgage at 7 percent per annum: those who receive their salary on a bank card and those who have taken out a life insurance policy. In addition, the promotion only applies to housing built by accredited developers. To apply for participation in the preferential program, you must go to the DomKlik.ru website. To reduce the rate, it is necessary to apply electronic registration of the transaction by Sberbank specialists. The client can take advantage of additional mortgage lending opportunities: use maternity capital for settlements with the bank, and also receive a tax deduction on interest paid.

The result of the economic crisis in Russia, which began several years ago, was a significant increase in interest rates on loans. The lowest rates in Russia and other countries have always been rates on mortgage loans. In moments of crisis, mortgages were even issued at 18% per annum in some banks. In recent years, rates have been steadily decreasing, but in various credit institutions their range is still quite wide. Therefore, before choosing one of the banks, it is important to compare the available offers and choose the most profitable option.

Different lending institutions offer different interest rates. But, in addition to this, the size of the bet may also depend on:

• borrower's age;
• acquisition of secondary or primary housing;
• additional life and health insurance of the borrower;
• participation of guarantors, co-borrowers;
• availability of a salary card in this bank.

Depending on these, as well as some other lending conditions, banks may lower or increase interest rates. Therefore, it is best to compare the conditions of banks using the same criteria.

In addition to the above conditions, you can get a lower interest rate through participation in government programs. Thus, in 2019, a new program came into effect aimed at providing citizens with preferential conditions for mortgage loans. According to its terms, families with children can get a mortgage at 6% per annum. This year this will be the lowest interest rate that will be available to citizens.

You can get it from several banks that will cooperate with the Agency, created specifically to carry out interaction between the state and banks on mortgage lending to citizens. This Agency is an intermediary acting between banks and the state. With its help, subsidies are transferred to banks, through which credit institutions provide benefits to citizens.

To receive the lowest rate this year, you will need to meet the following conditions:

1. You need to give birth to 2 or 3 children within 5 years of the program. If the child was born before 2019, the family will not be able to participate unless another baby is born. Families with 4 or more children will also not be able to participate in this program.
2. The mortgage agreement must be concluded during the program period.
3. Participants must be Russian citizens.
4. Participants must be between 21 and 65 years of age.
5. Housing must be purchased only on the primary market.
6. When applying for a loan, it is important to sign additional insurance contracts to insure property risks associated with the collateral and the health of the borrower.

It is also mandatory to pay all payments on time. In case of violation of its obligations under the mortgage agreement, the bank has the right to impose penalties and increase the interest rate.

Banks

If it is possible to participate in the program at the lowest interest rate, it is important to choose a bank that is a partner in this program. Currently, such an agreement has been concluded with Sberbank, VTB 24, Rosselkhozbank and some others. Other banks may join during the program. Among them, it is important to compare the additional conditions that banks require. These include:

• the amount of the required down payment;
• maximum permissible loan term;
• list of required documents for issuing a loan;
• the cost of other additional services offered by the bank, including the cost of insurance.

After comparing all these criteria, you need to choose a suitable bank and submit an application to it.

If the future home buyer does not meet certain conditions for this program and cannot take advantage of it, then you need to analyze the conditions offered by other banks.

Loans with state support

If the borrower meets one of the categories of citizens and can participate in other government programs, then on average the interest rate varies from 11 to 13% per annum. Moreover, in case of violation of mandatory conditions, this percentage may be increased by 1-2%. In order to obtain a mortgage loan at a given percentage, you must fulfill the mandatory conditions for property insurance, as well as enter into an agreement on life insurance for the borrower. The leaders of the most favorable conditions include:

• “VTB 24”, it gives a rate of 12%, but requires compulsory life insurance for the buyer of the home.
• Gazprombank gives a lower rate - 11.25% if all insurance conditions are met and all necessary documents are provided.
• “Otkrytie” gives a rate of 11.45%, but it contains mandatory payments, which in total amount equal to about 2.5% per annum of the loan amount.
• Sberbank gives a fixed rate of 12% without additional fees and services, subject to compliance with all mandatory requirements for the borrower.

All these rates apply only to primary housing, since each government program is designed to stimulate citizens to purchase primary housing.

Secondary housing

Due to the fact that the state is not interested in developing the secondary real estate market, banks provide higher interest rates on these loans. In this case, the size will depend on:

• the period for which the citizen plans to receive a loan;
• possible down payment that a citizen can make;
• concluding additional insurance contracts;
• availability of a salary card in this credit institution.

The most favorable conditions in this area are offered by Promsvyazbank PJSC. His interest rate starts at 13.35%, but the down payment towards the cost of housing can only be 10%.

The lowest rate in this area was recorded by VTB 24, it was 12%, which was equal to primary housing.

Raiffeisenbank offers for its clients who are holders of salary cards a rate of 12.25%, while an initial payment of at least 15% will be required. But this bank has recorded the shortest period for which a loan contract can be concluded, it is 15 years.

In Moscow

If we look at the proposals recorded in Moscow, we can conclude that the leader is Tinkoff Bank, which is the leader in the primary and secondary markets. It provides a minimum rate for both types of lending from 6.98%. However, the maximum loan term is only 25 years. There is no minimum deposit required when purchasing a home on the primary market.

After it, the second place is occupied by Rosevrobank, which offers a percentage of 8.1 on the secondary market, and on the primary market it is significantly higher - from 9.6%. But the maximum loan terms reach only 20 years.

Accordingly, we can conclude that in Moscow there is widespread competition between banks and they fight for every client. In the regions, unfortunately, these same banks provide more unfavorable conditions for borrowers. But here it is important to read all the conditions under which these interests are provided. Because along with them, such expensive additional services may be imposed that, in terms of the total overpayment, this amount may amount to 16%, and not the stated 8%.

A potential borrower who is looking for a banking institution to obtain a loan must clearly understand what goals he is pursuing when taking out a mortgage program. On the agenda are serious financial obligations that are taken on for a long period of time, so it is worth soberly assessing your capabilities. To take out a mortgage on favorable terms, you need to compare rates and decide on other factors of the banking program.

What to look for when choosing a lender?

Today, leading Russian banks offer clients mortgage programs based on similar conditions. It is worth paying attention to the following factors:

• The period calculated for loan payments is from one year to 50 years;
• The minimum age of the borrower is 21 years;
• The maximum mortgage loan amount is up to 85% of the value of the purchased property;
• Down payment – ​​from 10% to 50%;
• The interest rate is from 9.1%.

Each bank has the right to develop and present its own requirements regarding the size and type of collateral, characteristics of the borrower (work experience, registration, marital status), etc.

Determining the best offer

When you make a choice in favor of one lender or another, remember that all of the factors listed can affect not only the final interest rate, but also whether you will be given a loan in principle.

To determine the best mortgage offer, follows:

• Study all mortgage programs from major banks in your region;
• If the interest rate seems extremely attractive due to the low cost, keep in mind that the bank officially indicates the lower limit. When applying, depending on your characteristics and a variety of combined conditions, the interest rate may increase significantly;
• You can make a final impression and make the right choice only by visiting a bank branch in person, after communicating with a representative of the organization dealing with mortgage loans.

Questions for a Mortgage Specialist

When consulting with a mortgage specialist, try to find out the following points:

• Is there an option for early repayment of the loan? Is a fine imposed for such an action, because some banks impose a fine of 3% of the remaining debt;
• Does a particular bank allow issuing a loan to a borrower if the share of the monthly payment is greater than 40% of the total income of the borrower himself or the total income of his family;
• What actions will the bank take if the borrower is late in making loan payments for one to several months, etc.

The practice of imposing penalties due to systematic violations of mortgage payments is present in most banks. When choosing a lender, you should find out what exactly you face for non-payment (intentional or involuntary).

Some banking organizations initiate trial. If the mortgaged apartment is foreclosed on, it may be subsequently sold, and the proceeds used to pay off the debt.

In this case, the affected borrower has at least one option: he will be offered rent living space in a specialized hotel-type facility or choose the option of settling in a reserve housing fund intended for mortgage clients who find themselves insolvent.

Such conditions do not apply everywhere, so this is practically the first thing you should ask a potential lender.

Additional expenses

Banks are trying to make the presentation of mortgage programs as transparent as possible so that the borrower does not have any difficulties when choosing a particular lender.

However, in practice, when taking out a mortgage, there are almost always additional expenses, which are due to the following factors:

• If a mortgage is taken on an apartment from the secondary real estate market, an appraisal assessment will be required. It is not free: the price of the procedure varies from three to twenty thousand rubles, depending on the qualifications of the appraiser, the requirements of the bank and the mortgage program itself;
• After determining the market value of the property, the bank calculates its collateral value. Payments for the difference received are borne by the borrower. On average, the difference will be about 15% - 20%. So, for example, if an apartment costs about 2 million, the bank will subtract about 15% from this amount (wear and tear of housing, sales costs, etc.), providing the borrower with a loan of 1.6 million. It turns out that the additional payment to the owner will be about 380 thousand rubles . This amount is paid by the borrower;
• When taking out a mortgage loan, be prepared for additional costs for a mandatory package of insurance services. Some banks charge an interest rate for a client’s refusal to purchase life and health insurance;
• Registration of certificates, documents, and payment of fees is also an inevitable cost item when taking out a mortgage.

The most profitable mortgage programs for 2019

When choosing a lending bank, you cannot rely only on whether it offers the lowest mortgage interest rate. The success of obtaining a loan is influenced by many conditions that are described in bank programs. Currently, experts identify five favorites among borrowers.

Sberbank

A leading domestic lender has developed a unique program for borrowers, called “Purchase of finished housing.” Its essence can be briefly described in two points:

• Attractively low interest rate - from 10.5% (if the transaction is registered electronically);
• Opportunity to buy an apartment on the secondary market.

To become a participant in the program, you must accept bank conditions. Their list includes:

• A loan to the borrower is issued in the amount of 300 thousand to 15 million rubles;
• The borrower can repay the mortgage for 30 years;
• The down payment will be one fifth of the cost of the residential property;
• The client must provide collateral.

On interest rate formation, according to the Sberbank program, the following factors influence:

• Down payment amount;
• The borrower's willingness to purchase health and life insurance;
• If the applicant is a salary client of the bank, lower rates apply to him;
• Loan terms;
• If the client provides documents confirming the source of income, this will count positively for his credit reputation;
• Another factor that determines the interest rate is the liquidity of the property provided as collateral.

Additional advantages of the program include the absence of commission fees and penalties for early repayment. There is also an online calculator on the bank’s website that allows you to determine the approximate costs for the first time.

The name of this Russian bank, unlike its more well-known competitors, is unlikely to be heard by most citizens. However, the new mortgage program he proposed called “New Building” is indeed an extremely interesting proposal. If we sum up all the factors, we can assume that this is practically the cheapest mortgage: the borrower pays only 10% of the cost of the property as an advance.

Others program conditions are:

• Client, this does not affect the formation of the interest rate;
• The interest rate does not change after registration of property rights;
• You can take out a loan for a down payment from Promsvyazbank partners;
• You can use maternity capital for the first payment.

When applying for a loan, the bank may request two guarantors.

The bank has one of the most loyal programs for potential borrowers, called “Apartment on the secondary market”.

IN conditions for issuing a loan includes:

• Lending for a period of one to 25 years;
• 15% of the cost of the real estate is paid as a down payment;
• The loan can be issued in the amount of up to 26 million;
• The loan rate is 11.9%.

If the applicant does not agree to purchase personal insurance, the interest rate will increase by 0.5% - 3.2% (depending on the age of the borrower).

A Raiffeisenbank client has the right to choose:

• Method of loan repayment – ​​depository or transfer to the seller’s account;
• The time when he can receive the loan amount is after signing the mortgage agreement or completing the registration of property rights.

A specialized mortgage bank offers clients the following conditions:

• The rate is 10.75%;
• Advance amount – from 20%;
• The maximum loan size is 10 million.

Requirements bank to borrowers and real estate:

• Russian citizenship;
• Residence in a region where there is a branch of the BWF;
• The purchased apartment must be located in a building with a height of at least three floors.

pros jar:

• The percentage of approved mortgage applications is 82%;
• When applying for an Express+ mortgage, you can receive approval within 24 hours;
• It is possible to take out a mortgage online and/or using two documents (passport and SNILS).

Having calculated the possible costs and compared them with the benefits of the BLF program, we can consider that this is the most profitable mortgage offered (at least in terms of flexibility of conditions).

One of the most famous banks in Russia issues mortgages based on government support. To take out a loan, you must have half the amount to purchase real estate. The bank will lend the rest of the money at an interest rate of 10.8%. The loan is issued for a period from 12 months to 7 years.

Other requirements and conditions for borrowers:

• An increase in the interest rate by 0.5% when the amount of the initial contribution is reduced and/or the loan period is extended;
• The loan repayment period is up to 30 years;
• Loan amounts from 3 to 8 million rubles for residents of the capital/St. Petersburg and regions, respectively.

One of the significant advantages of the program is that if the borrower refuses to insure life and health, the interest rate does not increase.

Conclusion

Choosing the most profitable mortgage depends not only on the reputation and conditions imposed by the lender. You also need to determine some points for yourself personally, namely:

• Availability of amount for down payment;
• Desired loan size;
• Mortgage payment term;
• Loan repayment method.

Remember that when choosing a mortgage, you cannot act as when applying for a simple loan. That is, you cannot contact several banks at once, hoping to get approval in some way, and then decide according to the course of events.

You may be able to get pre-approval, but the further processing steps are expensive and time-consuming, so you need to choose a lender carefully and without a backup plan.