Buying a dacha with a mortgage from Sberbank

Is it possible to buy a cottage with a mortgage?

It's difficult, but it's possible. In addition to the obvious reason - the sale of collateral in case of non-payment - there are other pitfalls. A client, even with a consistently high income, may be denied a mortgage for a dacha in SNT. What confuses banks?

• Difficulties in valuing country real estate. The cost consists of many factors - distance from the city, infrastructure, availability of good access roads, building characteristics, etc.;
• Some locations can be particularly difficult to sell. For example, if the site is located in a conservation area.

It is much easier to get a mortgage on a plot of land for individual housing construction or on a house in a populated area. In order for the bank to agree to a dacha housing loan, you need to carefully select the property and coordinate the property with the financial institution.

Difficulties with a mortgage on a dacha affect lending conditions:

• a small amount is allocated;
• The down payment amount is much higher than for apartments or country houses. You need to be prepared to contribute 25-50% of the cost of the dacha with your own funds;
• the interest rate is higher than mortgages for apartments (except for rural mortgages).

You can use maternity capital funds to purchase a dacha with a mortgage.

Which banks provide a mortgage for the purchase of a summer house?

To reduce the time spent searching for organizations that provide a mortgage for the purchase of a summer house, you can refer to the table below.
We have collected the best offers on the Russian banking market. Mortgage for the purchase of a summer house in banks

The lowest rate is offered by Rosselkhozbank. But you need to take into account that this is a special preferential program for purchasing a house in rural areas - a rural mortgage for a dacha. The Ministry of Agriculture of the Russian Federation provides subsidies to the bank for favorable conditions.

In all other banks the conditions are approximately the same:

• rate from 8.5%;
• term up to 30 years;
• the maximum amount depends on the solvency of the bank and the estimated cost of housing (no more than 70-80%);
• down payment – ​​from 20% to 80% (depending on the liquidity of the collateral).

Mortgage on the secondary market from TransKapitalBank - from 7.99%

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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: Everything about refinancing mortgages from other banks in Rosselkhozbank

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 the borrower

The requirements for a country mortgage are no fundamentally different from the requirements for other types of mortgages. The client must:

• have Russian citizenship;
• be over 21 years of age and under 65 years of age (at the time of full repayment of the loan);
• official employment and high wages;
• At least 6 months of experience at your last job. The minimum total experience over the last five years is 1 year.

In the case of a rural mortgage, official employment is not necessary. You can get a mortgage if you have been running a private farm for at least 1 year.

It is important that the client has a good credit history. Zero CI and numerous delays will lead to the bank refusing to lend.

Requirements for the house and land

The list of requirements for the land plot and house is much higher than for the borrower. The bank evaluates and selects the collateral object according to several parameters:

• distance from the city. It is desirable that the house with a plot be located no further than 120 km from large cities and no further than 50 km from small towns;
• foundation. There must be a solid foundation made of safe materials (concrete, brick or stone);
• general condition of the house. Without the need for major repairs;
• year of construction. The house must have been built after 2000;
• building area. No more than 300 square meters;
• transport accessibility. Location close to major highways. Good access roads must be made directly to the house;
• connected communications. Sewage, electricity, water supply and heating are required.

If we are talking about building a summer house, it is important that the land plot is already ready for the initial work. That is, there must be a cadastral number, registration in Rosreestr, and the boundaries must be clearly marked so that neighbors do not have questions. It is also advisable to prepare a development plan.

Required documents

Main package of documents:

• application form for a mortgage;
• personal documents of the borrower - passport, SNILS, salary certificate (2-NDFL or according to the bank form), marriage certificate;
• documents of co-borrowers, if any;
• documents for the land plot and the house - a certificate of state registration of the property, a detailed cadastral plan of the plot, as well as an extract from the Unified State Register of Real Estate, a boundary plan describing the boundary of the plot;
• documents from the BTI - technical passport of the house,
• purchase and sale agreement (or other title documents);
• report from independent appraisers (valid for 6 months);
• a document confirming that the land plot and house are not pledged

The exact list depends on the credit institution. You will have to prepare a lot of documents for a country mortgage, so it is better to clarify the list in advance.

Requirements for the site selected for purchase

When applying for a loan to purchase real estate, you must ensure that the property meets the bank’s requirements. The general points are:

• Be sure to provide a cadastral plan of the site, which shows the existing buildings on the land.
• There should be detour routes near the plot.
• Buildings must meet fire safety requirements.
• If there is a residential building on the land plot, it must be in good condition.
• The base material for the housing must be brick or stone; concrete pouring is allowed.
• Often banks will require that the acquisition be located within a certain distance of one of their branches. It could be 120 km.

If there is a discrepancy with any of the points, bank employees will refuse the application for a loan.

Look at the same topic: Housing Mortgage Lending Agency (AHML) - what is it and how can it help?

For most garden houses, obtaining a loan for the purchase is unlikely. Modest dachas, where there are no communications or where there are difficulties with their organization, are almost not considered. The chances of getting borrowed funds increase if you are going to purchase a large house located on a summer cottage, but similar to a residential cottage.

Do you need insurance for a holiday home mortgage?

Insurance of the mortgaged property is a mandatory condition established by the Federal Law “On Mortgage (Pledge of Real Estate)” No. 102. If the client ignores this obligation, the loan agreement is not signed. This means that the transaction is canceled and the money is not transferred to the seller.

Collateral insurance is explained simply. The land and the house are the guarantor of mortgage payments. If the property for some reason significantly loses value, the bank will not be able to compensate the loan in case of non-payment. Therefore, it is impossible to cancel the insurance of the object.

At the same time, it is not necessary to take out insurance at the agency offered by the bank. You can choose an insurance company yourself. If a bank requires you to sign an agreement with a partner agency, then this is a violation of the law (Federal Law “On Protection of Competition”).

If you have financial capabilities, it is better not to include the insurance amount in the body of the loan, but to pay it separately. So the overpayment will be less.

Another thing is that the bank can impose other types of insurance on the client:

• life and health insurance;
• ownership.

These types of insurance are not mandatory, but voluntary. The bank cannot force the client to pay for the relevant policies. But in case of refusal, it may offer less favorable conditions.

Which banks provide, what rates, comparison of banks

We present several banks where you can get a loan for the construction of a country house:

1. Sberbank. The most favorable interest rates are from 9.5 to 14%, a term of up to 30 years and an initial payment of at least 25%. Age 21-75 years. Additional costs: appraiser services and mandatory collateral insurance. Offer - "Country real estate".
2. Rosselkhozbank. Condition: purchase of a country house from partners of this bank. Down payment - 15%, interest rate - from 5% per annum.
3. Severgasbank. The rate is 9.25-13.25% per annum. The amount is no more than 60% of the planned amount, but not less than 3 thousand rubles. Term 30 years, no down payment.
4. Center-Invest. Duration 5-20 years. Collateral is a plot of land and real estate for the construction of which a loan is taken. Amount from 300 thousand, down payment - from 10%. The rate is 10-11.25% per annum.
5. DeltaCredit Bank offers a mortgage loan not for construction, but for a finished house. A deposit is issued for the purchased country house. The amount is not less than 600,000 rubles, but not more than 60 percent of the cost of the purchased housing. Mandatory down payment of at least 30 percent. Term 25 years, rate from 9.75% per annum.