Mortgage conditions Young family 2018 at Sberbank involves obtaining a loan for the purchase of housing with certain benefits. At the same time, potential borrowers must meet certain requirements from the bank.

Conditions of the Young Family housing program

The terms of the mortgage under the Young Family 2018 program at Sberbank are designed to increase the availability of mortgage loans for this category of borrowers. In addition to the standard requirements from the bank, there are additional restrictions on this particular program. Let's take a closer look at all the features of mortgage lending to young families.

Features of a mortgage in 2018

In the Russian Federation, there is a state mortgage program, Young Family 2018. Sberbank’s conditions do not imply that potential borrowers are necessarily its participants. Receiving a free state subsidy in the amount of 30% or more (depending on the number of children, the state will compensate an additional 5% for each child) will be additional help from the state to pay off the mortgage loan. Moreover, the presence of such a subsidy does not provide grounds for an additional reduction in the mortgage interest rate or for receiving other benefits.

To participate in the Young Family 2018 mortgage program at Sberbank, the condition will be that potential borrowers meet the requirements of the bank.

Requirements for potential borrowers

Before you apply for a Young Family 2018 mortgage from Sberbank, find out the terms and conditions of the loan. These include:

• citizenship of the Russian Federation;
• age of the borrower or borrower (this can be one of the parents from a single-parent family): from 21 to 35 years at the time of application;
• availability of income in an amount sufficient to obtain a loan;
• permanent place of work of one or both spouses;
• availability of own funds to make a down payment;
• participation of the second spouse as a co-borrower: mandatory;
• insurance: real estate - mandatory, life and health - optional.

These are the minimum requirements that the bank imposes on potential borrowers.

Rules for lending at Sberbank

Let's consider the terms of the Young Family 2018 mortgage program at Sberbank.

• Terms: up to 30 years;
• amount: from 300 thousand rubles. up to 15 million rubles;
• down payment: required, not less than 20% of the cost;
• proof of income and length of service: not required;
• repayment: monthly, in equal installments;
• early repayment (full or partial) and registration: no additional fees.
• interest rate: from 7.4%.

Note: the indicated interest rate is provided for salary clients. It is enough that one of the spouses is a salary client of the bank in order to receive a mortgage loan on preferential terms. The same percentages are established if the purchased property was built with the participation of the bank.

The bank sets surcharges on the interest rate in the following cases:

• for potential borrowers who are not payroll clients: +0.5%;
• if the borrower refuses to insure his life and health for the entire term of the contract: +1%;
• For the period of mortgage registration, 1% is added to the rate. This rule does not apply if potential borrowers are ready to provide the bank with another property as security at this time, or if the transaction is carried out through the bank’s safe deposit boxes.

Conclusion

These are the rules by which mortgages are provided to young families in 2018 at Sberbank and the bank’s conditions do not require mandatory registration in the state program of the same name and are determined individually, taking into account all significant factors.

The country's largest bank participates in all government projects to help provide housing for the population. The Sberbank Young Family mortgage promotion in Sberbank in 2019 is being implemented under the program of the same name, within the framework of Russian Government Decree No. 220 “On the rules for providing subsidies.”

Mortgage program Young Family

The Young Family program at Sberbank allows you to borrow from 300 thousand rubles to purchase an apartment in a new building or from the secondary market.

The maximum loan amount is limited by the value of the property being purchased. It is recorded in the appraiser's report or in the purchase agreement (equity participation).

It is permissible to take only up to 85% of the cost. The rest of the amount must be collected yourself in order to make a down payment.

Down payment amount

According to Sberbank terms:

• In most cases, a young family is required to have at least 15% of the property price for a down payment.
• It can be paid from maternity capital money, if the family has one.
• The certificate allows a young family to take out a mortgage from Sberbank without making a down payment under the program. This is provided for by the rules of law regulating the areas in which children's money is allowed to be sent: creating or improving living conditions, education of the child, the funded part of the pension for the mother.

Maternal capital

Online registration

Now there is a great way to avoid visiting a bank office when applying for and receiving a mortgage thanks to the DomClick portal. Using a mortgage calculator, this unique service will calculate not only the maximum possible loan amount, but also the interest rate, the amount of overpayment, the loan term and the required salary amount and other important data.

Submitting an application at the office

If you apply for a mortgage in 2019 at a branch, you will need to write an application and prepare the following documents:

• Passport;
• Confirmation of registration;
• Labor book;
• Personal income tax-2 or a certificate on Sberbank letterhead;
• Marriage certificate;
• Registration papers for children (if available).

Proof of solvency and identification are required from each co-borrower. If registration is carried out according to a simplified program, only a passport and additional identification are required: driver's license, military ID, international passport, SNILS, etc.

After submitting your application, you will need to wait for approval, which lasts up to 5 days. If the answer is positive, you need to formalize the relationship regarding real estate and transfer the remaining papers to Sberbank (within 90 days after receiving a positive answer):

• Purchase and sale agreement or other evidence of transfer of ownership;
• An account statement or other information about the availability of a down payment for a mortgage.

After signing the agreement, the borrowed funds are transferred to the client’s account once or in installments when purchasing secondary market real estate, or to the developer directly - if the apartment is purchased in a new building.

Repayment is made in equal payments according to the schedule. The client always has the opportunity.

Conclusion

Under the terms of the Young Family mortgage, Sberbank is allowed to receive a loan for the purchase of a secondary home or a new one, incl. under construction. As part of the state program, families are entitled to more favorable tariffs in 2019. If you have capital, it is allowed to use it to pay the down payment or repayment, even if the mortgage was obtained before the certificate was issued. When a baby arrives in the family while the mortgage is in effect, it is possible, if desired, to arrange a deferred payment for a year.

Welcome! Today we’ll look at the Sberbank Young Family mortgage calculator. Let's find out how Sberbank's mortgage calculator works, what the young family mortgage program is at Sberbank and whether you qualify for it.

Often the only way for a young family to purchase their own home is to get a mortgage. Most Russian banks impose conditions on mortgage lending programs that are difficult for borrowers to meet. Sberbank is a leader in the credit market and offers mortgages under the Young Family program.

The “Young Family” mortgage is a unique opportunity to get a loan to purchase real estate with a reduced interest rate and a small down payment. The selected apartment may be in a ready-made residential building on land for individual residence and belong to the secondary housing market. The program provides various benefits for families with children, and it is also possible to attract parents as co-borrowers.

In a new building, an apartment under the “Young Family” program can only be purchased in a finished house.

Program conditions

Interest rates	Rate taking into account the "Showcase" promotion	Rate excluding the "Showcase" promotion	Allowances
Base rates	10,8	11,1	+0.2% with PV from 15-20%,
Campaign "Young Family"	10,3	10,6	+0.2% with PV from 15-20%, + 0.3% if you don’t have a Sberbank salary card, + 0.1% if you refuse electronic registration; + 1% if you refuse insurance; +0.6% on mortgages for two documents

Now the interest rate depends on many factors, but the minimum is 10.2%.

Mortgage payments are calculated taking into account the following factors:

• the maximum term of the contract is 30 years;
• minimum loan amount - 300,000 rubles;
• the maximum amount is 85% of the cost of the apartment for childless families and 85% for established parents.

Down payment conditions:

• from 15%. If there are two or more children in a family, then maternity capital can be transferred as a down payment on the mortgage.

The loan is issued only in rubles.

Requirements for borrowers:

1. Citizenship of the Russian Federation.
2. Both spouses are at least 21 years old and at least one of them is under 35 years old.
3. When submitting an application by a mother or father raising a child alone, the age must also be between 21-35 years.
4. Both borrowers must be in a registered marriage.

When submitting an application under the “Young Family” program, you will need to confirm your official income with a certificate in form 2-NDFL or in a bank form. In this case, the work experience at the specified place of work must be at least 6 months. The total work experience over the last 5 years must be more than 1 year. It is also permissible to indicate unofficial and unconfirmed income from part-time work in the application form.

You must also have a Russian passport with registration in the Russian Federation.

Conditions for providing additional benefits:

1. If the borrower has several loans or financial difficulties arise, a situation may arise that the next payment to the bank will be overdue. In this case, Sberbank charges a reduced penalty amount of 0.5% of the overdue amount daily.
2. You can pay off your mortgage early without additional fees.
3. If a couple has a child during the term of the loan agreement, then the borrowers have the right to take advantage of a deferment of payments of the principal amount for up to 3 years. Just keep in mind that this rule does not apply to interest payments.
4. If borrowers are registered as a family that needs help in improving living conditions or increasing living space, then when applying for a mortgage for housing in a new building, you can receive a subsidy from the state that will cover part of the payments.

How to calculate a mortgage loan

Before contacting Sberbank, you can use the Sberbank Young Family Mortgage Calculator service on our website to make a preliminary calculation of your future loan:

• what amount of mortgage loan can be calculated based on official income;
• monthly payment amount;
• the amount of overpayment for the entire period of the loan agreement;
• the most acceptable payment period.

Using a mortgage calculator, you can estimate the amount of payments for early repayment of a loan, as well as for repaying part of the debt through maternity capital.

Amount of credit

Payment type

Annuity Differentiated

Interest rate, %

Maternal capital

date of issue

Credit term

0 year 1 year 2 years 3 years 4 years 5 years 6 years 7 years 8 years 9 years 10 years 11 years 12 years 13 years 14 years 15 years 16 years 17 years 18 years 19 years 20 years 21 years 22 years 23 years 24 years 25 years old 26 years old 27 years old 28 years old 29 years old 30 years old

0 months 1 month 2 months 3 months 4 months 5 months 6 months 7 months 8 months 9 months 10 months 11 months

Early repayments

Reducing the term Reducing the amount Monthly reducing the term Monthly reducing the amount

Add

The calculator has simple functionality and is suitable for calculating mortgages not only from Sberbank, but also from other banks.

To calculate, you first need to decide on the loan amount. To do this, you need to subtract the amount of the down payment from the cost of the apartment. You also need to take into account that the minimum amount is 300,000 rubles, and the maximum should not exceed 80-85% of the cost of housing (the percentage is determined depending on the presence of children).

Then you should select the type of payment: annuity or differentiated.

Sberbank offers only annuity payment type. It means monthly loan payments of equal amount. The peculiarity of this condition is that in the first years of repayment of the loan, most of the payments go to pay off interest, and a smaller part to pay off the principal debt. As the contract expires, the advantage changes in the opposite direction: the main part of the payment covers the debt, and the remaining interest on it.

Programs	Maximum amount, thousand rubles.	Bid, %	Duration, years	Down payment	Note
Ready housing	15 000	11,1	30	15	+0.2% if the PV is from 15-20%, + 0.3% if there is no Sberbank salary card, + 0.1% if you refuse electronic registration; + 1% if you refuse insurance; +0.6% on a mortgage according to two documents: + 0.3% if you refuse the “Showcase” promotion. Young family promotion rate 10.2%
Construction	up to 85% of the property value	10,5	30	15	+0.2% with PV from 15-20%, +1% if insurance is refused; + 0.1% if you refuse electronic registration of a mortgage; + 0.3% if you do not have a Sberbank salary card; + 0.3 for mortgage according to 2 documents; Subsidized mortgage from 8.5-9%
Construction of a residential building	up to 75% of the value of the collateral	11,6	30	25
country estate	up to 75% of the value of the collateral	11,1	30	25	+0.3% if the borrower does not receive salary on a Sberbank card; +1% in the absence of a life insurance policy; +1% if the mortgage is issued after registration of the property with the Rosreestr authorities
Military mortgage	2 502	9,5	20	20
Non-targeted loan secured by real estate	up to 60% of the cost	13	20		+ 0.5 if not a salary employee
Mortgage for garage and parking space		11,6	30	25	+ 0.3% if not a salary project, + 1% if insurance is refused.
Family mortgage	up to 8 million	6	30	20
Mortgage refinancing		10,9	30

In the “Maternity capital” item, the default value is “no”. If you plan to use funds from this type of benefit when paying off a loan, you need to mark “yes” with the cursor and indicate the expected amount. The mortgage calculator will automatically calculate payments, taking into account the receipt of additional funds.

In the “Date of issue” field, you should note the planned date of receiving the loan. From this date the payment schedule will be calculated.

Now you need to indicate the desired loan term, taking into account the maximum period - 30 years. When choosing a period, the calculator assumes the ability to select the required number of years accurate to a specific month. For example, 5 years 6 months or 8 years 3 months. Of course, you can specify it this way: 10 years, 4 years, etc.

• the entered term, amount and interest rate of the loan;
• the total amount of overpayment for the entire duration of the contract;
• the beginning and end of mortgage payments;
• the amount of official income sufficient to obtain a loan on the above conditions.

A schedule of repayment of principal and interest for the entire period of payments will also be provided.

If you go to the “Table” section, it will indicate:

• number and date of the next payment;
• exact amount of payment;
• the amount of the repayable portion of the principal debt;
• the amount of the repaid portion of the interest;
• the total balance of the mortgage after the next payment is made;
• column for recording early payments.

In addition to the above, the calculator has the ability to recalculate payments taking into account early repayment.

Early repayment can be made for the following purposes:

1. Reduce the amount. In this case, the contract term remains the same, and subsequent payments are reduced due to the amount of additional contributions.
2. Reduce your monthly payment with regular copayments. The graph will show how the amount of the mandatory payment decreases every month.

Additional tips for using the calculator:

1. When calculating, please note that the monthly payment should not exceed the income indicated in the certificate by more than 60%. If this is the case, then you should either increase the loan term, thus reducing the amount of payments, or count on a smaller loan amount by choosing more budget housing or increasing the size of the down payment.
2. Realistically estimate the possible size of the monthly payment, taking into account additional family income (not confirmed by certificates), as well as other mandatory payments, for example, for utility bills, for other available loans, etc.
3. If possible, try to shorten the loan term, in this case the overpayment will be minimal. But if, for a short period of time, payments will be beyond the family’s budget, then smaller payments should be preferred. Moreover, over time, due to inflation and rising housing prices, the payment amount will become even more profitable.

Electronic registration

When applying for a mortgage under the Young Family program, Sberbank provides the opportunity to electronically register the transaction. When choosing this method, the mortgage interest rate is reduced by 0.1%. The service is paid.

The service includes:

• government payment fees for registering new property rights to housing;
• work on sending and monitoring the registration of documents to Rosreestr (electronically);
• work of a bank employee as support.

A Sberbank specialist prepares and sends documents to Rosreestr. After electronic registration, the borrower receives the following documents (by e-mail):

1. Extract from the Unified State Register of Real Estate.
2. Real estate purchase and sale agreement.

The “Young Family” mortgage program is a real opportunity to purchase your own home now, rather than saving for it for many years. A mortgage calculator will help with preliminary calculations of future payments and will allow you to adjust in advance the desired indicators for the amount and timing of payments.

We are waiting for your questions in the comments. We will be grateful for your evaluation of the mortgage calculator, likes and reposts.

The housing issue is especially acute for young families in our country.

The state is implementing various programs so that as many citizens as possible can realize their dreams. Many people solve the problem by taking advantage of a mortgage for a young family from Sberbank. The 2016 conditions for providing housing loans will allow young people to become happy owners of their own homes.

About the “Young Family” program

The state program “Young Family” has been actively working for several years. Its goal is to create favorable conditions for citizens to purchase their own housing. The state also has several other intentions - maintaining a young unit of society and motivating them to have children.

Many credit institutions offer young families a mortgage loan agreement. The offer from Sberbank is especially popular. In the coming year, the terms of the loan will remain the same.

Category of citizens for whom the program is valid

Participants in the “Young Family” mortgage lending program can be families in which at least one of the spouses was under 35 years of age. It is important to note that it does not matter whether a married couple has children or not. In other words, if both spouses are over 36 years old, then a mortgage will not be provided to them on preferential terms in 2016. And if in a family one spouse is 45 and the other is 35, then Sberbank will provide preferential lending conditions.

It is important that a young family has a document confirming state registration of marriage. If there is none, then you won’t have to count on preferential conditions in 2016. Sberbank does not consider the concept of civil marriage to determine the status of a young family.

Benefits that young families can count on

As a rule, for Sberbank a young family is a reliable borrower. The spouses, or at least one of them, work constantly, which means that they will repay the loan as expected. Moreover, the solvency of such borrowers is long-term, unlike citizens of more mature age. Therefore, Sberbank issues them a mortgage for up to 30 years.

If a young family has a child under three years of age, then Sberbank provides a deferment at their request. However, this does not mean that monthly payments will disappear.

Borrowers are required to pay monthly interest on the mortgage, but the debt remains. Of course, everyone decides for themselves, but it is more profitable to pay the monthly payment, which is established when concluding the contract.

A young family can count on such a condition as a reduced interest rate. A mortgage can be issued in 2016 at a rate of 12.5%. But the conditions for providing a loan at this preferential interest rate are quite strict. Firstly, the down payment is no less than the amount of the cost of housing specified in the purchase and sale agreement.

Secondly, the loan term does not exceed three years. A young family can count on a reduced interest rate if one of the spouses receives a salary on a Sberbank plastic card.

Under what conditions are mortgages issued to young families?

Some conditions that determine who belongs to the category of “young family” have already been stated above. Sberbank definitely takes this into account. Also, in order to obtain a mortgage, the lending institution requires that the purchased home be insured.

This condition is stated in the contract and is subject to mandatory execution when applying for a mortgage. All title documents must be collected for housing that spouses purchase. The property must not be pledged.

Necessary documents for obtaining a mortgage from Sberbank in 2016

In order for a mortgage to be issued, you must first fill out a form, the form of which was developed by Sberbank. There are no difficulties in this. You just need to answer the questions asked correctly, because Sberbank checks all the information provided by the client. If it turns out that the borrower provided incorrect information, then most likely the mortgage will be denied.

You can fill out the form in 2016 either by contacting Sberbank or on the website, in electronic form. If the preliminary application is approved, then the client can safely collect all other documents to apply for a mortgage under the “young family” program.

These include:

• passports of spouses and other co-borrowers (if any);
• a document confirming the spouse’s ownership of the property in respect of which the mortgage is issued;
• certificates of income of spouses and work books (this is the case if borrowers do not receive salaries on a Sberbank plastic card);
• confirmation that the borrower has the required amount as a down payment when drawing up a mortgage agreement.

If a married couple has maternity capital, then a mortgage in 2016 can be issued using it. The funds that the state provides for the birth of a second child can be spent as a down payment on a mortgage loan agreement.

What difficulties may arise when applying for a mortgage?

As a rule, when a mortgage is issued, borrowers have difficulty collecting documents. Today, this problem can be easily solved if you contact specialists who provide similar services. Of course, you will have to pay for their work, but the result is worth it. Slowness in this matter may prevent you from purchasing suitable housing.

You should also wait for the decision made by the credit institution. Until the institution's security service checks all the information provided by borrowers and regarding the property, one cannot count on a positive result. Therefore, there is no need to be cunning or try to hide something.

Such actions threaten the failure of the transaction and the possibility of being left without a purchase. If the borrowers had previously received loans, no matter from Sberbank or another credit institution, but payments were not made on time, then most likely a positive decision will be denied. The bank does not trust those persons who have already violated the terms of the agreement once. Therefore, you need to think carefully about whether or not you can pay your monthly payments on time.

A mortgage is a real chance for many young families to solve their housing problems. In 2016, Sberbank continues to provide citizens with the opportunity to become happy owners of their own home. Why not take advantage of this opportunity?

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Young families often experience housing problems. Apartments are quite expensive even on the secondary market, and young people under the age of 30-35 do not yet have sufficient savings. There is an option to rent an apartment or buy your own home on credit.

In addition, it is now much easier to get more favorable mortgage conditions: the Young Family mortgage program allows you to reduce the interest rate and increase the duration of payments. Such a mortgage can be issued either as part of a federal program or as an offer from various banks.

Features of the federal program

“Providing housing for young families” is a targeted program with which you can buy an apartment and cover part of its cost at the expense of the state. The conditions for providing a subsidy depend on the composition of the family: for example, if there are no children in the family, the state covers only 35% of the cost of housing, but for each child another 5% is added to this. The borrower can cover the remaining amount by obtaining a loan from a bank.

The terms of the program stipulate that borrowers must be under 35 years of age and must be on a waiting list for improved housing conditions. The size of the subsidy is determined based on the cost of housing in the region.

Mortgage loans for young families at Sberbank of Russia

Many banks offer clients a mortgage under a program to support young families. Among them is PJSC Sberbank of Russia. Conditions of mortgage programs with state support:

• down payment 10% for families with children and 15% if there are no children;
• the possibility of deferring payments upon the birth of a child.

Programs vary depending on the type of housing: whether you want to purchase an apartment on the secondary market, in a residential complex under construction, or are looking for money to build your own home, you can find a suitable offer from Sberbank. Interest rates also change.

You can get more complete advice on the terms and nuances of each program from a specialist at any Sberbank branch throughout Russia.

If you want to take out a Young Family mortgage from Sberbank, the calculator on our website will help you choose a program for this purpose. With its help, you can calculate the amount of monthly payments and overpayments by entering the cost of housing, the size of the down payment and selecting the loan term. The results will be shown below. Among them, you can choose a suitable product and learn more about it by opening its card.