Mortgage loan for the construction of a private house. How to take a mortgage for the construction of the house - the conditions and the necessary documents. Requirements for borrowers from banks
A loan for the construction of a private house is now in fairly great demand. Many people who want to go away from the city bustle, think about their own private house, which can be built cheaper than buying already ready. This process is quite laborious, expensive and difficult, however, it does not stop.
Banks, although reluctant, give mortgage loans for the construction of private houses. In this form of credit products, there are still difficulties, but the process is gradually being uploaded. The complexity is that in a deposit it is impossible to take a house on paper (project). There is also risks that the object will not complete at all. Based on this, each mortgage application for the construction of a private house is considered individually. Consider a Read more, do you have a mortgage to build a house in the private sector, what are the conditions and features?
Mortgage to build a house.
Acquisition of finished housing is expensive pleasure, so many begin to think about building the house on their own, especially if there is a plot under the house. Since this is a cost, then without the help of credit funds, it is difficult to do, and on the basis of the big amount, the most optimal will take mortgage: Large time, comfortable small payments. However, credits are not always happy with such borrowers, since there are risks. Mortgage loan for construction has some uncertainties: during construction work The financial situation may worsen, there is no collateral object, as such, the cost of materials, works, the price of the object may change. Similar programs Correct under the individual queries and the possibilities of each borrower.
Since mortgage is always a large money amount, no deposit here is not to do. Banks are trying to take a maximum of the client: to attract coaches, guarantors, take a deposit of land or other property of a similar value that has no encumbrances. If when buying an apartment, it performs in the form of a deposit, then the construction of the house is the subject of the future, which is actually no, so it cannot be laid. IN this case The borrower can lay another property: apartment, car, land. The house can also be pledged if high percent Readiness.
An important point here is that the house should be built only in its own area. If the site is rented or belonging to another person, then no bank will not lend such an object. It is not necessary to hope that you can just come to the bank and take a loan to build a house. The lender must be convinced that this project is quite real and there will be no problems with its commissioning. You need to convince not "on the Naked Word", but in the form of a project, plan, approvals for work. The whole process should pass according to the law - the "samostroy" will not be leaving for a definitely. It is necessary to be prepared that the land on which the house will stand, will take a deposit, so all documents on the site must be prepared. Ideally, when the site already has communications (gas, water, light, sewage), and construction work has begun, for example, foundation is laid. In this case, you can already register the object of unfinished construction.
Features of the mortgage loan for the construction of the house.
Although the requirements for the mortgage agreement for private houses are spelled out in 102-ФЗ "On Mortgage", the conditions between banks may differ significantly. The main parameters, such as time, rate, amount, requirements for borrowers are determined individually. The main additional conditions here will be the insurance of the object and borrowers.
Most eagerly banks provide such a mortgage to those who can confirm a stable financial situation and provide a reference of the 2ndFL. Since many borrowers receive officially small income, references can be made to consideration.
The mortgage rate for construction will certainly be higher than according to standard products due to a large number of risks. Here, the first installment will also have a significant value. On average, the rates will be 2-5% higher than the mortgage on the purchase of finished housing.
Alternatively, a loan can be issued by one amount or parts. Partial payments can be tied to a certain period, for example, each quarter, or to the construction phase, for example, on the construction of walls, roof, finish, etc. Such an approach will be more profitable for the client, as percentage costs are reduced.
Terms of such a loan can stretch from year to 25 years.
The land plot should be: intended for housing construction, not under the burden, located in a certain remoteness from the bank, where the application is applied (to lend the construction in Volgograd from Moscow). If the plot is in dolly ownershipAll the owners will act on pledgers.
Risks
- Difficulties with the definition of the pledge. At home, as such is not yet, therefore the plot is taken. The land market in Russia is still weakly studied, so the lender is difficult to imagine how to implement the site if the client cannot pay. Since the land is not a liquid collateral (the exception is land in Moscow and Moscow region), so this time can take decent time.
- Risks of unfinished. If the apartment builds a proven construction companyThe house will build the borrower himself. There is a risk that its financial situation worsen, materials will rise in price, the house will be built poorly, the site will be unprofitable (groundwater is close, there is a probability of flooding, seismic and so on.)
From the pros, it is possible to allocate that after the completion of construction, when the house can already be provided as a collateral, the rate can be reduced. Also, the borrower saves on the title insurance, in which there is no need, because The house is new and owner one.
Thus, although the conditions for mortgages on construction, it is unlikely possible to be called profitable, but it is so possible to get a cherished own private house.
Mortgage conditions for the construction of houses
Thus, many institutions give a mortgage to the construction of houses, and in general conditions are not widely different. The smallest percentage Can be found in Rosselkhozbank. Here is the minimum an initial feeWhich can be used Matkapital.
A huge number of people dreams of their own beautiful house Outside the city. But, unfortunately, financial abilities often do not contribute to the implementation of this dream. Mortgage on the construction of the house gives a real chance to start arrangement. Despite the fact that the phrase "Construction of a private house" in many people are associated with something financially inappropriate, compared with the purchase of an apartment it may be less expensive.
Many citizens mistakenly believe that mortgage can only be issued for the purchase ready House or apartments. At the same time, this type of lending is issued to the construction of the house.
In this article, we will look at what is a mortgage for the construction of the house, its types and features of the design.
Features of obtaining mortgage for construction
Mortgage, as one of the types of credit products, is the most expensive and for the bank represents the maximum financial risk. A large loan amount and a long credit term makes banks present special requirements To borrowers.
Immediately it should be said that the consent of the Bank for the issuance of a mortgage for the construction of the house is much more difficult to get, rather than a mortgage for the purchase of finished housing.
What is it connected with? All with the same financial risk. The fact is that by providing a large loan on ready-made apartments, real estate under the terms of the contract is a key, which reduces the likelihood of the loan non-payment by the borrower.
This allows the bank to offer the most favorable conditions for the borrower and extend the loan period. The construction of a bank's own home is associated with a certain risk. The site itself, which is planned to build a cottage, does not possess the liquidity on the key, how much is the loan itself. Therefore, it is difficult to talk about the pledge property of the most unfinished house in this case.
But often banks come in different ways. They provide a loan for the construction of the borrower's personal real estate.
From the point of view of the requirements that banks impose to borrowers, the mortgage on the construction of the house is no different from the mortgage to buy a ready-made home. At the same time, the interest rate and the sum of the initial contribution, the mandatory lending program may differ.
If you compare two products on the mortgage in Sberbank of Russia, the difference between them will be 0.5% in favor of buying ready-made housing. In addition, you will have to provide a client to provide a liquid loan for the entire lending period, which is difficult for many.
In the case of the design of the mortgage to the finished housing, the property itself can already act as collateral.
But VTB-24 offers more loyal conditions to borrowers who want to make a mortgage for construction. The bank allows you to point out land plotwhich will be built as the main collateral. But at the same time, the land plot at the time of the transaction, it must already be in the property of the borrower, and not to be issued under the mortgage.
Buy or build?
If you still have not solved for yourself, it is more profitable: to buy ready-made apartments or take a mortgage for construction, let's compare both options to find the optimal solution.
Benefits of mortgages for the construction of the house
Many people today are much more willingly choose a mortgage for the construction of the house, rather than the acquisition. finished cottage. The ability to independently choose a plot, layout, etc. Allows the person to build a house of his dreams. And all the costs of materials, work and coordination covers the sum of the mortgage.
Also such programs suggest an independent choice of developer. Sometimes large construction organizations cooperate with banks, which makes it possible to issue a loan on preferential terms.
According to statistics, banks do not issue a loan without mortgage property in 99% of cases. As a rule, the assessment is, as a rule, large real estate: cottage, apartment, car, house. It should be borne in mind that the loan cannot exceed 70% of the cost of liquid property.
Features of mortgage lending
Mortgage on the construction of the house refers to the target loans and it can be tranche. What does this mean?
Given that the construction will be made by stages, the client is not needed at once the entire amount of the loan (as in the case of purchasing finished housing). What is the point of paying the percentage of mortgage in 1-2 million rubles, when you can take a loan in three parts for 5 years. This will reduce the percentage of overpayment and financial burden.
Of course, you can see for loan and more than once, taking small sumsBut at the same time will have every time the process of making a deal, which significantly takes time and nerves.
In the case of periodic loans, the contract will remain the same. But, according to the terms of the main document, each year, for example, the client will receive an agreed amount of money. Accordingly, the payment schedule for the year is calculated on the basis of the value of this amount, and not all the debt.
How will we pay?
What kind of loan repayment is better to choose? Today, banks offer two types of loan repayment: differentiated and annuity.
The essence of the differentiated version is reduced to the fact that each month the main debt is reduced by a certain amount, and percentages are accrued to the balance of debt.
At the beginning of the debt repayment period, the client has to pay the largest sums that will decrease with each month. For this reason, despite economic feasibility, many customers denied such a version of the repayment schedule. The uneven financial load does not allow properly distribute strength and take a mortgage for a period of 5-10 years.
It is worth noting the rate of repayment of the loan when choosing the main type of calculation. The faster the loan will be repaid, the smaller the amount will have to overpay for the use of credit funds. In the case of a differentiated repayment, the amount gradually decreases, but the annuity equally counts the entire amount of interest.
Annuity payment involves paying for debt equal parts every month. Many customers choose this option for its simplicity and transparency.
In addition, it allows you to distribute the entire financial load of debt evenly and gradually pay the bank to the loan from parts. In this case, the client is easy to keep the amount of the monthly payment specified in the contract and count its other spending in parallel.
Requirements for borrowers from banks
As mentioned above, mortgage lending to the construction of the house presents the maximum financial risk to the bank. That is why credit institutions Place increased requirements for borrowers.
Some banks do not lend persons with temporary registrations, but transcapital, VTB 24 and Raiffeisen gives a mortgage to foreigners.
In this case, the client will definitely need to provide the national passport of the state, the resident of which it is. Information from the passport must be translated into Russian and notarized.
After turning to the credit institution for the mortgage, it will be necessary to fill out a borrowing statement, where to specify the required loan amount. Each Bank issues its statement, where there may be a variety of questions.
This data is required by the Bank for the standard scoring procedure. This is an algorithm for checking, which takes into account the overall financial risk of a potential transaction and determines the level of solvency of the borrower.
Each Bank has its own credit score requirements, but, as a rule, the program takes into account the following data:
- the age of the client;
- specialty and qualifications;
- place of work and the duration of employment experience;
- marital status;
- the presence of additional income.
As for the documents confirming the income, the ideal option is the provision of a reference 2-NDFL, which is issued by accounting. But for the sake of fairness it is worth noting that many citizens today receive the so-called "gray salary" in envelopes, so they cannot officially confirm their income.
The certificate must be submitted to the chief accountant or director. If the certificate is signed by a responsible person by proxy, the Bank's employee may require a copy of the power of attorney in addition to help.
Some banks do not accept any document, except for reference 2-NDFL, but such banks, VTB-24, Raiffeisenbank, Metalinvest consider other forms of income confirmation.
In order to make a mortgage on the construction of the house, it is necessary to provide the following package of documents:
- passport of a citizen of the Russian Federation (original and copy);
- INN (original and copy);
- Availability of registration in the Russian Federation (or temporary registration);
- borrower's statement;
- property document (which acts as a collateral);
- help 2-NDFL (document confirming official income);
- copy labor book (All pages are certified by the personnel department).
Additionally, some credit institutions may require such documents:
- driver's license (copy and original);
- international passport;
- military ID;
- marriage / divorce certificate;
- documents confirming additional income.
The amount of mortgage and credit period: what to count on?
Of course, each bank has the right to establish their credit conditions, developing mortgage products. But in this article we collected the standard conditions for the mortgage for the construction of the house, which can be found today in the banking domestic market.
Standardly, the Bank issues a loan in the amount of 20-85% of total amount Mortgage. In the case of lending to construction, it will be necessary to provide the estimate in which the total amount will be indicated.
Mortgage can be executed for a period of 5 to 30 years, depending on the amount required and the income level of the borrower. Mortgage provides an individual approach, because we are talking about a long period and the bank, first of all, is interested in full debt return. Therefore, the bank will not deliberately reduce the amount of lending, increasing the financial monthly load that the client will know that it will be difficult to pay.
In addition, everyone knows that banks receive basic profit from credit products, so they are interested in the long period of the contract. Therefore, if the borrower feels that, calculated according to the standard scheme, the payment schedule is complicated for him, it is better to immediately say about this to the credit inspector and ask for another calculation. In some cases, banks can go to meet and provide the customer with the right to choose from the method of payment: annuity or differentiated.
The rate of the rate depends on the chosen bank and may vary depending on the package of documents provided. The lower the financial risk to the institution, the more profitable the bid may offer a borrower.
Also on the amount of interest rates can affect such factors as a loan period, conditions, the size of the initial contribution.
Interest rate size is the first to pay the client, picking up a bank for making a mortgage. At the same time, not only this factor affects the final amount of overpayment. It is important to pay attention to the Commission, additional services, Insurance and penalties that the Bank exhibits. Sometimes the underestimated interest rate with interest is overlapped by the size of the commissions and the additional type of service, which automatically turns on the bank to the mortgage portfolio.
The process of registration of mortgage
Often borrowers, taking for themselves decisions on the design of the mortgage, do not represent the entire procedure for concluding a transaction.
This process can stretch from several days to several weeks. The longest procedure in this process occupies the audit of the liquidity of the collateral. To minimize risks, the bank must carefully check the customer's solvency and the subject of pledge.
The cooperation scheme depends on the chosen bank, but, as a rule, it looks like this:
Step 1. The client addresses the bank with a statement to the mortgage.
Step 2. The client collects a package of documents and provides them with a bank.
Step 3. The Bank decides on the issuance of a loan.
Step 4. With a positive decision, the collection of documents on the land plot, the selection of a construction company begins.
Step 5. The client transmits the collected documents to the bank for verification. At this stage, the liquidity of the collateral is also underway.
Step 6. Registration of documents in Rosreestre and the imposition of encumbrances on the land plot, which acts as a collateral.
Step 7. The procedure for signing the contract
Step 8. Transferring borrowed funds to the customer's current account (or on the account of the construction company).
In some cases, the loan can be carried out by two three tranches. This is done for two reasons. First, it removes an additional financial burden from the client and allows you to take a loan only by the amount that is necessary at this stage of construction. Secondly, the Bank reserves the right to control the targeted use of money.
In this case, after the expiration of the first term of credit, the client is obliged to submit to the bank financial statements On the target loan use. The bank checks and implements the second tranche.
After completing construction, the borrower designs a house as a finished real estate object. In the future, if the borrower needs additionally finishing workThe land plot becomes a pledge with real estate, which significantly reduces financial risk to the bank. For the client, it is the ability to receive a loan at a reduced interest rate.
How to pay less?
Considering great amount Loan and long credit term, many banks offer customers to reduce the financial burden and declare the deferment of the payment of the principal debt. This allows the client for 2-3 years to pay the bank only interest for the use of the loan. Considering the fact that the construction process is always associated with unforeseen financial expensesFor many customers, it is a real opportunity to take a mortgage and not fall into debt dependency from the first months.
Video. Nuances design mortgages for construction
Conclusion
Considering all the conditions described above mortgage lendingFor some borrowers, the usual consumer loan may seem simpler and more profitable solution. But this type of lending also has its drawbacks.
The amount of consumer loan rarely exceeds 1-1.5 million rubles. And the maximum loan period will be 5-7 years.
Video. Mortgage for the construction of the house
Row in rubles *
Credit term
A distinctive feature of the provision of a mortgage for the construction of the house is the possibility of using as a collateral of available real estate, and not purchased. This condition is particularly relevant for those clients who need money for the construction of suburban housing.
Mortgage loan secured by property: Basic goals
Mortgage in the bank "Rosbank House" is issued for:
construction of a residential building;
purchase of finished housing - Apartments in apartment house or country housing (including a land plot);
acquisition of an apartment at the construction stage;
purchase of a land plot;
acquisition of the house under construction (including the land plot).
As part of this program, you can purchase and non-residential premises - Ready apartments. But the most demanded option today is a loan for the construction of a residential building. For the remaining these purposes, as a rule, there are separate mortgage programswhich are made on the security of the purchased property.
Information on the borrower
Citizenship: does not matter
Age: 21 years At the time of filing an application for a target loan on the security of real estate and not older than 65 years by the time full repayment mortgages for construction;
Employment: credit both employees and founders and co-founders of companies and individual entrepreneurs;
Communistrators / Guarantors: consoles can be up to 3 people both among relatives and any third parties;
Military ticket: not needed.
Property Information
At the pledge of the acquired / available property:
The building in which the object is located should not be registered on overhaul, demolition or reconstruction with a removal;
Real estate must have a separate kitchen and bathroom;
The final decision on the compliance of the pledge subject to the requirements accepts the Bank.
Insurance Information
Mortgage under construction: Mortgage loan conditions
To date, the Bank has the following conditions for issuing a loan for the construction of real estate:
loan period from 3 to 25 years;
basic interest rate - 7.19% * per annum;
the amount is from 300 thousand rubles. - for regions and from 600 thousand rubles. - for Moscow and the Moscow region;
the loan size is no more than 70% of the value of the available real estate.
Mortgage for the construction of the house from Rosbank House can be framed with the involvement of coaches - up to 3 people. They may have relatives to the main borrower or not to consist of a relationship with him. To get money for the construction of the house, the Bank's customer must provide documents confirming the target use of funds.
Who can take a loan construction of the house: a list of requirements for the borrower
Get a loan to build a house Customers can on loyal conditions, for example, without the initial contribution. The borrower is enough to have a confirmed income and comply with age requirements, namely - to be at least 20 and not older than 65 years at the date of full repayment of debt. Customer citizenship does not matter.
Mortgage on the construction of a private house is issued only under the condition that the apartment is granted. If the purpose of crediting is the purchase of apartments, then ready-made apartments that are owned by the borrower should be used as a mortgage property.
Before making a mortgage at the construction stage or on the purchase of finished housing, it is important to remember that property transferred to the deposit must comply with the following requirements of the Bank:
The apartment is located in a building that is not subject to demolition, reconstruction or overhaul. Mandatory mortgage condition for construction - the presence in the housing of a separate kitchen and a bathroom.
The apartments are a separate room, located on the aboveground floors and have the subordinated central communications. Features of obtaining a loan for the construction of housing you will find in general credit conditions. Here is also a complete list of apartment requirements.
Learn more from our specialists about the conditions for receiving money for the construction of the house, the features of the loan design without the initial contribution of the security of the available real estate.
More details* Credit conditions affecting the full cost of the loan (as of 01/15/2020): rates 7.19% -10.44% for customers, the salary account of which is open to Rosbank in PJSC, with a loan amount from 50% of market value Lowned real estate, committed due to a decrease in interest rate under an agreement agreement in the amount of 1% to 4% of the loan amount (depending on the conditions loan agreement), the insurance of life and health, property and risk of loss (restrictions) of ownership of it (the borrower has the right not to insure the indicated risks), and depending on credit history, Loan term (3-25 years), Labor activity, level of education, the number of participants in the transaction, the place of finding the subject of the pledge, the type of income and the ratio of income to expenses. Before confirming the target use of the loan, the rate increases by 2%. Credit size from 600,000 rubles. for Moscow and the Moscow region, from 300,000 rubles. For other regions. Evaluation costs, insurance - in accordance with the tariffs of appraisal and insurance companies. PJSC Rosbank reserves the right to change any part of this message without prior notice. The Bank has the right to refuse to provide a loan. PJSC Rosbank General License Central Bank of the Russian Federation №2272 dated January 28, 2015
Check out the credit product Rosbank
The construction of the house is always associated with large material investments that can not be mastered independently, so many consider an alternative option - take a loan for the construction of a private house. Here are some difficulties, since due to the instability of the overall financial situation, the segment banking services For lending to the construction of housing is in the process of restructuring. Some of the banks are generally refused to issue such loans, others tightened the requirements for borrowers, but in general, take a mortgage to the construction of the house - this is a solved question.
Get a loan for construction is difficult, but quite possible Source Kannadadunia.com.
Pros and cons of construction of a house in a mortgage
Independent construction of the house is always associated with a number of problems, but in the decision-making process should always take into account all "for" and "against". Benefits of mortgages:
- Freedom of fantasy and requirements for the construction of the house. The buyer will be able to fulfill all the ideas based on the materials and layout of the house under construction. Of course, in the framework of the budget allocated on it.
Comparatives with the purchase of an apartment, the percentage of payment will be low. This is explained by the fact that in this case the mortgage is under the security of land, and not ownership of housing.
In terms of cost, construction is more profitable than the acquisition of a finished apartment or a private house.
As deficiencies in attracting a bank to construction, you can call:
The process of building a house is spent by itself, and monthly payout Mortgage will serve as an additional cargo.
The current mortgage rates are 15-18% per annum. With monthly payments, this is not felt, but over the fact the overpayment will be high.
Money will go to the construction and payments on the loan Source Analytspectr.ru.
If there is a situation in which the borrower will not be able to pay debt, he will lose both at home and land.
Credit without the initial contribution to the construction of the house is impossible - banks consider it as an additional guarantee of solvency.
Take a mortgage loan this responsible decision, the consequences of which will be felt family budget many years. Therefore, it is always necessary to carefully weigh all sides of the question and additionally consult with a trustee or a specialist dismantling in the topic.
Possible lending options
Banks offer several options for which mortgage is possible to build a private house. Each of them is proposed on different conditions, depending on the financial organization. Consider some of them.
Consumer credit
Of all the types of loans offered by banks, consumer credit applications are considered during the shortest possible time. If the amount is small, then enough passports and driver's license (if not, then student or pension). For construction, the amount is unlikely to be small, so you will have to bring in the bank a certificate of income, a copy of the workbook, a military ID, or a pension certificate, and in some cases insurance OSAGO and passport. I am glad here that the employees of the financial institution will not specify the target for the borrower, for the implementation of which he takes a loan.
It is necessary to take into account the negative sides of this type of loan. The most significant of them is a high overpayment percentage - about 20% per annum.
A large amount of such interest is better not to take, although there are cases when banks have given such a loan in the amount of up to two million rubles, for a period of 10 years.
The percentage of overpayment by consumer credit One of the highest source LESECHOS.FR
Mortgage
The essence of the process of issuing this loan is such: funds are allocated for the construction of a private house, and after passing the finished structure, it will no longer be a deposit on a loan agreement. In some cases, it is necessary to provide an additional collateral or the participation of the guarantor. Such situations may occur if, for example, land pledge It turned out to be insufficient.
Recently, bank offers began to appear, in which the funds are issued in the borrower in stages, and the interest rate will be recalculated on each of them.
The main conditions of this loan are as follows:
Launch period lasts up to thirty years.
The interest rate under the contract can reach 17%.
The loan size is directly dependent on the estimated value of the land and information about the income of the borrower.
It is important to take into account that all financial organizations As one of the main conditions, the conclusion of the contract requires the land to be framed on the applicant and was not burdened with anything. Otherwise, the borrower will receive a refusal.
Video Description
Vividly about the various possibilities of obtaining a loan can be viewed on the video:
Credit under bail
There is also the possibility of concluding a loan agreement on the security of already existing housing or non-residential real estate. This type of loan is a loan for more favorable conditionsthan consumer, since:
The duration of the loan agreement may be up to thirty years.
The borrower has the opportunity to receive at the disposal more large amountSince the size of the resources allocated is calculated, based on the estimated value of the pledge.
The middle rate begins approximately with 18%.
Consideration of the application for the conclusion of a contract by the Bank seems to be more energy-consuming process, as it is necessary to assess the mortgage real estate. This means that the decision will be taken longer than in the situation with the same consumer loan.
The limitation on the issuance of the amount in accordance with the cost of collateral is both a plus and minus. In addition, there is always a certain risk of its loss if the consumer is incapable of paying debt.
If the borrower still decided to dwell on this form of lending, it should be borne in mind that all the costs of assessing the pledge and payment of insurance will be slandering on its shoulders.
In the presence of mortgage real estate banks will be more willing a loan Source TOWNScript.com.
Mortgage using maternal capital
At the birth of the second child, the state provides the maternity capital, the size of four hundred fifty thousand rubles. By law, this amount can be used to build housing, including the initial contribution of the mortgage or as a means to repay the residual payment. Of course, in fact, technically it is not, but with some reservations and stretching maternal capital Allows you to make a mortgage for the construction of a residential building without a first installment.
In this case, the applicant or his legitimate spouse must provide a financial organization certificate for maternity capital, after which the process of clarifying its balance occurs.
It is important that to be able to use the certificate, it is not necessary to wait for the birth of the Third Child, they can be fully disposed of from the moment of receipt.
It should be known that some banks provide a reduced percentage of mortgage in situations involving maternal capital. As one of these institutions, the well-known Sberbank speaks. In all the rest, the design of this type of mortgage is not much different from the usual case of lending.
Video Description
About the use of maternal capital for building a house on video:
Basic banks banks
The conditions on which financial organizations are willing to conclude a lending contract with the applicant may vary significantly. In many ways, they are depending on the choice of a loan type consumer. However, the following main criteria can be distinguished:
The presence of a deposit, which can be provided with any real estate, car, garage, etc. It is important that the mortgage property is in the certified documentary ownership of the borrower.
Target use funds. The construction under consideration for construction is a target loan that is always prescribed in the lending contract.
This means that the funds issued cannot be used for anything other than the construction of the house. The borrower will be obliged to report to the bank for the money spent and the buildings of the house.
- Attracting guarantors. The issuance of mortgage loans for construction is considered a particularly risky transaction for the bank, because in some cases it requires additional insurance Due to the participation of the guarantor. Most often attracted to three individuals.
The presence of guarantors increases the confidence of the bank to the borrower Source www.cashlady.com
Payment of the initial contribution. This will serve as a guarantee that the borrower plans to build not only at the expense of use. banking fundsAfter all, according to the terms of the lending agreement, it will be paid about 80% of the amount calculated in the estimate.
Availability of building permit. The land plot specified as a place of construction of a private house must have the status of suitable for this purpose (Izhs).
To take a mortgage to the house, the borrower must also comply with the following criteria:
The presence of citizenship of the Russian Federation.
Age at least twenty-two years by the time of registration of the contract.
At the estimated date of the final repayment of the loan, the age of the borrower should not be more than sixty-five years.
Work time on the current or last place at least six months.
Total work experience for at least a year.
A permanent and stable source of income - at this moment the banks pay separate attention, as the loan period is 10 years and more.
There are also special requirements for the mortgage land. First, it must be in the area where there is at least one branch of the bank chosen by the borrower. Secondly, by type, the Earth should be defined as "land settlements"In the cadastre. Finally, there should be no legal burdens on it, and the applicant is obliged to act as the owner.
Sell \u200b\u200ba mortgage area will not be source Yur-zakon.ru
It is important to start collecting and preparing the necessary documents prior to the start of the mortgage loan, as because of this, the process stretched in time can last even longer or stand up.
In the course of making a decision on the issuance of a loan, the Bank has the right to demand a chart from the borrower, which includes the stages of work, the timing and the amount necessary for each of them, and total time Construction of a country house.
In which bank to take a loan for building
Among all offers you can allocate two financial institutionsoffering about profitable credit For the construction of the house - Sberbank and Rosselkhozbank. We will refer in more detail to the proposed products of each of them.
"Construction of a residential building" in Sberbank of Russia offers consumers a loan design under the following conditions:
The term of concluding a contract to thirty years.
Making an initial contribution of 20% of the loan amount.
Minimum amount borrowed money Makes up three hundred thousand rubles.
The size of the maximum amount of loan is within 75% of the estimated cost of the future at home.
Bet for payment in the amount of 12% per annum
Video Description
Vividly about the conditions for providing a mortgage from Sberbank and Rosselkhozbank on video:
It should be noted that Sberbank offers its consumers to make payments without commission and providing special conditions for borrowers with the current salary project In the same bank.
Read more about credit offers from banks (rate, min and max amounts, deadlines, requirements, documents package, etc.) You can in the relevant section "Credits" on our website. In the same place, in this section you can apply for credit calculation for the construction of the house.
In addition, a relatively recent Sberbank presented a new product " country estate" His bet is from 11 to 14% per annum. Otherwise, under the conditions, this project is similar to the above-described, except for the amount of the initial payment, which is 25%.
Mortgage on a private house in Rosselkhozbank is issued on a little less favorable terms:
The terms of the contract are not different from the Sberbank offered and constitute thirty years.
The amount of credit funds begins from one hundred thousand rubles to twenty million, subject to the provision of equivalent collateral.
The loan rate in this case will be from 17 to 20% per annum.
The size of the initial contribution must be at least 15%.
Also, their services for the provision of mortgage on the construction of a private house are offered by such financial organizations such as UniCredit, Forabank, Deltacredit, etc. The basic requirements for the borrower do not particularly differ from those listed.
Banks that make out a construction loan Source Kredityvopros.ru.
Stages and nuances of the contract
In order to take a loan to build a house, the applicant must be ready to pass a number of stages of registration of the lending contract. Sketchically, the whole process can be represented as follows:
Proper all documents for land. The borrower is obliged to provide the Bank for the construction and documents confirming that the land is in its property: contact purchase and sale (donation or exchange), cadastral passport, extract from the USRP.
Prepare Personal Documents: Passport, Income Certificate (2-NDFL), labor contract and book. If necessary, the guarantors should be available.
Draw up technical Plan The future at home and estimate, approve the documents in the Housing Commission.
Conduct a contract with a working brigade.
Fill out the application in the selected bank, attach a package to it with the above documentation.
Wait for a decision by the Bank. Conduct a lending contract.
Put the land plot through the signing of the bedding paper.
Fix the receipt of funds to the account.
Video Description
Some important nuances for the supply of loans already taken and obtaining subsidies on video:
On average, the period for consideration of the application is carried out by the bank from five to fourteen days, and the process of execution of the contract itself may be delayed on a month and a half.
There are also some nuances of this process, which consist in additional costs.
Mortgage loan for construction of the house differs from ordinary view Loan, therefore, the consumer will need to participate in matters related to the creation of a construction project and estimates, as well as with the design of building permission. These expenses of the bank does not take on themselves and the target does not consider them.
As a result, the construction of our own housing is the time-consuming process and cost in terms of resources, and it is possible to count on the assistance of the bank only if a person is suitable for the requirements for obtaining a loan. If there are no problems with this, it is enough for the borrower to determine the type of mortgage lending to it, and after the approval of the parts can begin construction of the house.
In the article, consider how to take a mortgage for the construction of a residential building. We will analyze the conditions and requirements of banks, as well as a list of necessary documents. We have prepared for you the order of filing online applications and collected feedback on the receipt of the mortgage.
List of banks issuing a mortgage for the construction of the house
How to submit an online application for a mortgage
For example, when submitting an application, you must specify:
- date of birth;
- the city where the mortgage will occur;
- contacts (phone, email).
After receiving the application, the Bank's employees will consider it within 1-10 days and will report decision.
Mortgage conditions for the construction of a residential building
Mortgage under construction of the house is issued subject to provision of security. For example, the mortgage is allowed to build individual house Under the guarantee of individuals, with its subsequent key after the end of construction work. If the ownership of the mortgage is the house, it is transferred to the deposit along with the land plot.
The object of the pledge should be insured in case of damage or destruction for the entire loan period. decorated at will, but when refusing the bank will increase interest rate by 1%.
The most favorable bet on the construction mortgage is valid in the bank and from 8.25%, in Sberbank, it will be at least 10%, from 11.9%, and in Prim Socan - from 12%.
In Prim SocHong and SarovBusinessbank, it is possible to make a mortgage without the initial contribution, in Sberbank, it should be at least 25%, and in Rosbank and Deltacredit - from 30%. Credit term for IZhS in Sarovbusinessbank - up to 10 years, in PrimsoSotogan - up to 15 years, in Bank Deltacredit and Rosbank - up to 25 years old, and in Sberbank - up to 30 years. Maximum amount Loans in Prim Socanbank., And in Deltacredit, SarovBusinessbank, Sberbank and Rosbank there are no restrictions on it.
Requirements for borrowers
Only Russian citizens can get a mortgage loan. You can apply for Sberbank with, in Rosbank or Deltacredit -, in Sarovbusinessbank - from 23, and in PrimsoSBank -. At the date of the planned repayment of the mortgage should not be 65 years old (64 years old - in Rosbank and Deltacredit, 75 years old - in Sberbank). It is required to experience work experience in the current place from six months and the general work experience is from year to year.
Requirements for house
Credit on individual Construction Usually issued on the guarantee of the available housing - apartments or private house. The resulting money can be sent to the construction site of any house (cottage, country, etc.).
The object of the pledge must comply with the following requirements:
- suitable for living all year round;
- it has a separate bathroom and kitchen;
- do not be on demolition lists, overhaul, etc.
If the loan is targeted, it can be spent only for the construction of a residential building (country or within the city), suitable for year-round accommodation with the mandatory connection of all basic communications (electricity, water, etc.).
Documents for Mortgage
When submitting an application must be submitted to the bank:
- the passport;
- Reduss;
- copy of the employment record;
- wage certificate;
- military ID (for men under 27), except Rosbank and Deltacredit.
If the real estate is acting as security, the following documents must be provided:
- report of the evaluation company;
- certificate of ownership (if available);
- document - the basis of the occurrence of property rights (for example, the certificate of the right to inheritance);
- an extract from EGRN;
- technical and / or cadastral passport.
Upon receipt of a loan for a guarantee, followed by a deposit of the house under construction, the following documents are required:
- extract from EGRN;
- a construction contract (if construction is carried out by a construction organization);
- estimate of work or materials;
- building permission (if necessary).
How to take a mortgage for construction
After approval of the application, it is necessary to assess the collateral and, if necessary, to order an estimate of work / materials for construction.
After receiving the evaluation report, you must perform the following steps:
- Provide documents on the key and the house under construction.
- Arrange insurance policies.
- Make an initial contribution to the bank account (if necessary).
- Sign a mortgage agreement.
- Register ownership of real estate in Rosreestre.
What to pay attention to the construction of a house in a mortgage
The construction of the house requires a lot of time and attention. When the bank's funds are attracted for this, it is necessary to exercise special caution.
What to pay attention to the construction of a house in a mortgage:
- Payment schedule. When building a house in a mortgage, funds are provided by parts (tranches), so you need to clarify the schedule for their issuance in advance and considering this to plan the beginning of construction work and the purchase of materials.
- Delivery report on the use of funds. All documents on building costs (contracts, checks, payment orders, etc.) need to be preserved and in a timely manner to the bank, otherwise it may not provide another tranche or to terminate the contract at all and requested the return of the funds already provided.
- Registration of collateral after the end of construction. The loan rate is usually reduced after the provision of an extract from EGRN with a mark on the registration of property rights to the house.
What is better: a loan or mortgage to build a private house
It is easier to issue, but the mortgage during the construction of the house turns out to be more convenient and more profitable.
For clarity, we compare these two products in the table:
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