Sberbank is holding a “Mortgage for a Young Family” campaign with attractive conditions in 2021. A young family is considered to be spouses in a registered marriage, and the age of at least one of the spouses should not exceed 35 years. Families without children and single parents can also count on purchasing housing through the promotion.

Conditions for the loan “Mortgage for a young family”

The maximum loan amount for a family is determined based on income from the main and additional place of work, income from individual entrepreneurship and business, and other sources permitted by Russian legislation. Payments are made monthly during each rate period, through the bank's cash desk or through an agreement with the accounting department at the place of work, according to which part of the salary will be immediately transferred to the bank account from which the loan is repaid.

The program is subject to the following basic conditions:

• the interest rate is 8.7%;
• maximum loan term – 30 years;
• minimum loan amount – 300 thousand rubles;
• the maximum loan amount is 85% of the contractual or appraised value of the property;
• The down payment amount is at least 20% of the purchase price.

Early repayment of the mortgage for young families is allowed, both partial and full. To do this, you need to write a corresponding application indicating the date of early repayment of the account from which the funds will be transferred and the amount to be repaid. There is no lower limit for the early repayment amount. This procedure is carried out without commission.

Applying for a mortgage is very simple - it can be completed through the Sberbank website. This method of applying is not only simple, but also profitable - it helps you purchase mortgage housing at a reduced rate. Templates for purchase and sale agreements using electronic registration can be found on the website of the most popular Russian bank. There, a young family is invited to calculate the rate on a Sberbank mortgage.

Interest rates

The loan rate for young families may differ from the base one either down or up:

1. Electronic registration of a transaction on the bank’s website will reduce the rate to 8.6%.
2. Applying for a loan under the “Mortgage with state support for families with children” program will reduce the rate to 6%. This program applies to married couples who, during the period from January 1, 2018 to December 31, 2022, became parents of a Russian citizen for the second or third time. The preferential rate is valid for 3 years at the birth of a second child and 5 years at the birth of a second child. After this period, families must pay the mortgage at a rate of 9.25%.
3. If a family enters into an electronic transaction for housing that does not participate in the Showcase promotion, then the interest rate on its loan will be 8.9%, and without concluding a transaction - 9%.
4. Families who are participants in state housing development programs implemented within the framework of cooperation agreements between Sberbank and constituent entities of the Russian Federation and municipalities also pay an interest rate of 9%.
5. The highest mortgage rates apply if a family purchases housing on the condition of “Mortgage with two documents” (the package of documents for obtaining a mortgage loan is limited to an application, passport and a second identity document). Interest rates under Sberbank's Young Family program in 2021 are increasing to 9.6% and 9.7%, depending on whether registration is completed online or in the institution's office, if the loan is taken through the Showcase promotion. If the purchased apartment does not participate in the “Showcase” promotion, then when registering through the electronic service, the rate will be 9.9%, if registration is done in the traditional way - 10.0%.

Important! Reduced rates apply when applying for a mortgage on apartments participating in the “Showcase” promotion. Such real estate properties are marked with the “Online Approval” sign on the DomClick portal.

Clients can obtain more detailed information about current interest rates on mortgage loans at any Sberbank office. A young family can calculate a Sberbank mortgage using a calculator available on the company’s official website.

Important! Possible interest rate increases:

• in the amount of 1% if the borrower refuses life and health insurance offered by the bank;
• in the amount of 0.5% if the borrower does not receive wages to a Sberbank account or card.

Sberbank's mortgage calculator for a young family takes into account all factors affecting the interest rate.

Additional benefits for young families

To apply for a mortgage loan under the “Young Family” program from Sberbank, the borrower must submit the following package of documents to the bank’s lending department:

Required documents

Mortgages for young families in 2021 can be provided to any family that meets the following requirements:

The “Affordable Housing for Young Families” program was created as a measure to help young citizens who are unable to independently purchase their own housing. They cannot afford to buy with their own funds or with a mortgage loan.

• 0.3% if the purchase object was not selected on Domclick.ru - a special mortgage service of Sberbank;
• 0.4% if the down payment is less than 20%;
• 0.5% if the borrower is not a salary client of Sberbank;
• 0.8% if he did not provide documents on income;
• 1% if the borrower refuses to insure his life and health.

Sberbank rates for young families

It is targeted and issued only to families that meet the conditions. It is important that we are talking about families of any composition: a childless couple, a classic family with children, a single parent with a child or several children. All of them can apply for participation and obtain a mortgage from Sberbank for a Young Family.

When directly applying for a loan, a repeat – clarifying calculation – will be made. It takes into account all lending conditions relevant for the specified point in time, insurance payments and other parameters.

It is worth considering that, like any other loan, a mortgage for young families imposes certain financial obligations that will have to be fulfilled for ten or more years. In this regard, before applying for a loan, it is necessary to consider all the pros and cons.

Pros and cons of a mortgage at Sberbank under the “Young Family” program

Secondary housing is also covered by the programs, however, the transaction will be accompanied by the application of additional credit conditions. For each property, depending on its characteristics, the bank itself determines the provisions of the mortgage agreement.

May 12, 2021 semeiadvo 437
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Requirements for borrowers

Sberbank imposes requirements on the age, work experience and citizenship of clients intending to take out a mortgage, and for their co-borrowers:

1. The lower age limit is 21 years at the time of loan provision.
2. The upper age limit is 75 years at the time of loan repayment. This limit is reduced to 65 years if the borrower does not provide documents confirming work experience and income level.
3. Minimum work experience is at least 6 months at the current place of work. If the borrower does not receive a salary on a savings account or card in Sberbank, he is subject to an additional requirement - at least 1 year of total work experience over the last 5 years.
4. The borrower must be a citizen of the Russian Federation.

The client can attract no more than three co-borrowers to mortgage lending. When the maximum mortgage amount is calculated, their income is taken into account.

Important! If the title co-borrower is married, his wife or husband must be included in the number of co-borrowers (in the absence of a marriage contract).

Required documents

To obtain a mortgage loan, a young family must provide the following package of documents to Sberbank:

1. Statement.
2. Passport of a citizen of the Russian Federation with a registration mark.
3. A document confirming the location of the borrower at the place of registration.
4. A document confirming the borrower’s income level and employment.
5. Documents on the collateral provided, if the loan is secured at the expense of another property.
6. Marriage certificate.
7. Child's birth certificate.
8. If there is a co-borrower-parent, documents confirming the relationship between the borrower and the co-borrower.
9. Certificate for maternal (family) capital.
10. Document from the Pension Fund of the Russian Federation on the balance of maternity capital.

Points 6-8 are relevant when participating in the “Young Family” program, points 9-10 – when participating in the “Mortgage plus Maternity Capital” program.

After approval of an application for a mortgage loan to young families in 2021, Sberbank provides the following documents:

1. Confirming the initial payment made.
2. Documents for residential real estate purchased with a mortgage. They are issued within 90 calendar days from the date the bank makes a decision to issue a loan.

Who can take advantage of the offer

Not only spouses have the right to take out a mortgage for a young family from Sberbank. The conditions of the financial institution provide for the involvement of third parties, which may be close relatives, for example, parents. They act as co-borrowers. Including their names in the agreement increases the chances that those wishing to take out a mortgage will receive a positive response to their request for a large sum of money.

Requirements for a bank client

For many, a mortgage from Sberbank for a young family is the only opportunity to become the legal owner of their own home. It is worth noting that the bank does not pay attention to the cost of the apartment that clients plan to buy. The family's wishes are limited only by the amount of the loan received. It can be increased by providing information about existing property.

Newlyweds can receive additional preferences upon the birth of a child, and Sberbank may, in this case, defer payment of the principal amount. Young families can take advantage of this offer until the child reaches the age of three.

When calculating the rate, it is also important to accurately indicate the cost of the loan object itself, and it is important to shorten the loan period. The amount of payments also depends on the gender of the borrower and his age - all this will also be asked to be indicated in the calculator form. Payments also depend on the borrower’s proven income and the availability of other guarantees. If all the data proposed by the project was filled out correctly, you will receive the result in a matter of minutes, with an error of only 5 percent on the up or down side.

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What to do if a child is born

Naturally, borrowers are interested in how much they will have to pay on the loan, and participants in the Young Family program from Sberbank of Russia are no exception. The financial costs of maintaining a loan depend on many factors, and bank employees can calculate the annual rate; you can also use the services of a loan calculator on the official website of the financial institution.

• fill out an application form at a Sberbank branch for a mortgage loan;
• submit documents to the Bank; in some cases, the spouses may be asked to provide additional documents;
• within 2-5 days, expect a decision on issuing a subsidy;
• after that, collect documents for the housing you are interested in;
• register agreements for lending, collateral for real estate and insurance of purchased real estate;
• receive cash and complete purchase documents.