Sberbank mortgage for a dacha

Where

With a preferential mortgage, you can buy or build housing in rural areas or in rural agglomerations.
Rural territories mean rural settlements, rural settlements, workers' settlements that are part of urban districts (with the exception of urban districts on the territory of which the administrative centers of the constituent entities of the Russian Federation are located), urban settlements and intra-city municipalities of the city of Sevastopol.

The list of such rural settlements and workers’ settlements on the territory of a constituent entity of the Russian Federation is determined by regional authorities.

Rural agglomerations mean rural areas, as well as urban-type settlements, workers' settlements that are not part of urban districts, and small towns with a population permanently residing in an area not exceeding 30 thousand people.

Attention! The program does not include intra-city municipalities. Moscow and St. Petersburg , as well as municipalities and urban districts of the Moscow region .

Requirements for the house and plot

Since the house and land will be collateral throughout the entire period of mortgage payments, special requirements are imposed on the property:

• Distance from the city. If this is a large city, metropolis, then a distance of up to 120 km is allowed. The distance from smaller cities should not exceed 50 km.
• Foundation. Even for a country house, the foundation must be built from reliable and durable building materials. These include brick, concrete or stone.
• Year of construction. Banks will not consider country houses built before 2000 as a mortgage property.
• Area of ​​the object. Only buildings that do not exceed 300 m2 in area can be considered a country house.
• Transport and roads. The dacha village in which a dacha is purchased with a mortgage must have suitable transport. In addition, there are certain requirements for roads: both public roads and access roads to the house itself must be in good condition.
• Availability of communications, sewerage, electricity, water supply and heating - all this contributes to obtaining approval for a mortgage from the bank.
• If you purchase a plot for the construction of a summer house, all the necessary documentation must be present. In particular, it must be registered with Rosreestr, have a cadastral number, clearly defined boundaries, and a plan for future development is also desirable.

For what purposes?

1) A preferential loan will be issued for the purchase of a finished residential premises or residential premises (residential building) with a land plot in a rural area.
You can also buy housing at the construction stage under an agreement of participation in shared construction.

2) In addition, banks will provide loans for the construction of a residential building (creation of an individual housing construction project) on a land plot owned by the borrower and located in rural areas, including for the completion of previously begun construction of a residential building, under a contract agreement with legal entity or individual entrepreneur. In this case, the contractor must complete the work in no more than 2 years.

Features of obtaining a mortgage for a dacha

The key feature of obtaining a mortgage loan for the purchase or construction of a summer house is the relative novelty of this banking product. That is why lending banks often impose increased requirements on borrowers. Of course, this does not mean that it is completely impossible to get the desired loan in 2021.

However, this can be quite difficult. The whole problem is that with this type of mortgage lending, the dacha acts as collateral, and it is not considered liquid real estate. Is it possible to take out a mortgage to buy a summer house? What are the key nuances for such loans?

Let us dwell on the specific features of a mortgage for a dacha.

• Loan programs. As a banking product, dacha mortgages are not popular. Since the dacha is considered illiquid as collateral, as it is quite difficult to sell, the interest rates on the loan are high. At the same time, there is a good option - to take out a mortgage loan not for the purchase of the dacha itself, but for the purchase of a plot and construction of a dacha.
• Interest rates. There are no benefits provided in this case. Experience, salary and place of work do not affect loan terms. The stakes are quite high. They amount to approximately 15-20% per year.
• Lending terms. Loan terms are not flexible. They are noticeably inferior to mortgages on a residential building or apartment. Most often, a mortgage for a dacha is given for a maximum of 10 years. The annual rate is high, so such a loan cannot be called profitable.

It's time to summarize. Many people are concerned about the question of whether it is possible to take out a mortgage on a dacha with minimal losses. The thing is that this product is generally not very profitable for banks, since lenders consider the risks to be too high. This is why mortgages for a dacha are practically not advertised, which is why many simply do not know about the possibility of taking out a loan specifically for a dacha.

True, purely theoretically, such a loan can be obtained if all the numerous requirements are met. A lot depends on the condition of the dacha. But this will be unprofitable for the borrower himself, since the total amount of overpayment is quite large.

Object requirements

Lender banks place extremely high demands on the property. Let's consider the common conditions that a dacha must meet in order for the borrower to be given a loan for its purchase.

1. A cadastral plan is required.
2. There should be detour routes around.
3. It is necessary to ensure a high level of fire safety.
4. A prerequisite is the good condition of the country house itself.
5. The foundation must be made of concrete, brick or stone.
6. Banks often require that the dacha be located within 120 km from the city in which the branch of the creditor bank is located.
7. It is important that the country house has all the necessary communications: electrical wiring and sewerage, plumbing and heating. If the conditions are violated, the bank has the right not to provide a mortgage loan for the dacha.

Thus, it is possible to compare the strict requirements for providing a loan for a dacha with the terms of a mortgage for a cottage. Of course, the lender wants to reduce risks as much as possible so that the collateral is actually liquid property, which will then be relatively easy to sell.

It is important to note that for many garden houses that are now available in various cooperatives, achieving compliance with these strict requirements is almost impossible . Therefore, it is impossible to get a mortgage loan for such modest dachas. True, there are also decent country houses that are more reminiscent of residential cottages. That's what they get the loan for.

Requirements for the borrower

Here are the basic requirements that banks most often impose on those wishing to receive a loan to purchase a summer house.

1. Stable salary.
2. Registration in the city in which the branch of the creditor bank is located.
3. The total work experience must be at least one year.
4. At the last place of work, the length of service must be at least six months.
5. The maximum age at the end of payments is 65 years.
6. Some banks may ask you to provide commercial or residential premises as collateral.

These requirements are reminiscent of the standard rules for lending for the purchase of residential premises. The borrower must be solvent and officially employed.

Why people are unhappy

A petition from an indignant resident of the Moscow region was recently published on the Chang website.
The man considers it discrimination that the Moscow region was not included in this program. He writes that in a village near Moscow there is no gas, no centralized water supply and no other benefits of civilization. And people would like to improve their living conditions. “The Moscow region is not Russia? Isn’t the outback of Moscow a village?” asks a citizen.

In his opinion, equal conditions should be created for all residents of the Russian Federation living in rural areas to receive a loan under the “rural mortgage” program.

Insurance when buying a dacha with a mortgage

Mortgage lending for country houses is a rather rare banking offer that contains many risks for the financial structure. Insurance of the collateral property is one of the bank’s ways to minimize possible risks. Therefore, drawing up an insurance contract is a prerequisite for providing a loan for the purchase of dachas.

Important! If the client has already been approved for a mortgage for his dacha, but he refuses to take out an insurance policy, the loan agreement will not be signed. Therefore, the seller will not be able to receive money from the bank.

The client has every right to take out an insurance policy at any insurance company, not necessarily the one with which the bank cooperates. The bank’s requirement to conclude an insurance contract with a partner company is a direct violation of the current legislation of the Russian Federation.

There are two other types of insurance that banks usually offer. These are personal insurance (life and health of the client) and title insurance (in this case, property rights are insured). They are not mandatory. The client can refuse both or choose something at his own discretion. Refusal of these two types of insurance may not affect the bank's approval, but may slightly worsen lending conditions.

Mortgage programs of different banks

Not all lending organizations are willing to issue loans in amounts sufficient to purchase a summer cottage. Those banks that agree to work with average amounts provide clients with different conditions. Here is a list of requests from the most popular organizations.

What are the conditions at RosselkhozBank

Here, clients are offered minimal loan amounts - it is possible to take out a mortgage for 100 thousand Russian rubles. The down payment is determined at 15%. The period during which the borrower will repay the loan can be 30 years. Special programs have been developed for young families, with the help of which you can buy a plot of land - a rate of 14.5% is used. To buy a plot of land with buildings, you can use the “Gardener” loan, the repayment period is up to 5 years, rates start from 19.5%. It is possible to obtain it on bail or guarantee.

Look at the same topic: What is mortgage restructuring at Sberbank for an individual? What is needed for loan restructuring - conditions [y] year

Registration in Sberbank

This bank offers the smallest loan amount from 300 thousand Russian rubles. But the annual rate starts from 12%. The down payment is at least 25% of the purchase amount. The main advantage of applying for a loan from Sberbank is that the largest loan amount can be calculated taking into account income that is not confirmed. Loans are issued up to the age of 75 years.

Conditions at VTB-24

VTB-24 Bank does not have individual programs for purchasing suburban real estate. It is possible to purchase a dacha by working with standard parameters. The conditions that are used to purchase housing on the secondary market are taken as a basis.

The loan can be issued for an amount of at least 600 thousand rubles. The payment period is no more than 30 years. As a down payment you need to have 10% of the value of the property. If the house has more than 65 square meters, you can get a 0.5% discount. Those clients who participate in the VTB-24 salary project or have a deposit with the bank have the right to more favorable conditions.

Requirements for borrowers

All banks operating under country mortgage programs have standard requirements for borrowers:

• Having a stable and sufficient income that will allow you to pay your monthly obligatory payments on time.
• Availability of permanent registration in the city where there is a branch or office of the bank.
• Having a total work experience of at least 1 year.
• At least 6 months of experience at current place of employment.
• Providing collateral. This could be a residential or commercial space.
• Age from 21 years.
• Having citizenship of the Russian Federation.
• Having a good credit history, not spoiled by previous credit obligations.