Documents for obtaining a mortgage from Rosselkhozbank

Terms of "Far Eastern Mortgage" in Rosselkhozbank

Banks are able to attract potential clients thanks to favorable loan conditions. The minimum interest rate, small down payment amounts, and loyal requirements for borrowers are guaranteed to each client. The loan is issued for the purchase and construction of a residential building in the Far Eastern Federal District. The purchase of housing is provided for on the primary and secondary real estate markets. Basic conditions:

• Loan amount - up to 6,000,000 rubles.
• Interest rate - 0.9%.
• Duration: up to 20 years.
• The down payment is at least 15% of the cost of the residential property.
• The number of co-borrowers is no more than 3 people.

The minimum loan amount is from 300,000 rubles. The maximum loan rate reaches 2% per annum: if you refuse personal insurance and if you purchase a residential building with land.

Results

Any solvent citizen of the Russian Federation aged 21 to 65 can take out a mortgage from Rosselkhozbank for an apartment. To do this you need:

• get acquainted with all mortgage offers of the bank, choose the most profitable one;
• raise money for a down payment;
• find a property;
• convince the owner of the mortgage transaction, enter into a preliminary agreement;
• order an assessment from an accredited company;
• prepare a package of documents;
• sign a loan agreement;
• re-register the purchased living space in your name.

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At the same time, you need to prepare for additional expenses: paid statements, examinations, insurance, services of realtors and lawyers.

Important! To obtain a mortgage from the Russian Agricultural Bank, the client will have to contribute at least 15% of the cost of the home. The number is floating. If the loan amount is more than 7 million rubles, and the housing is located outside the capital region, the contribution increases to 20%.

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Author:

Mortgage specialist Maria Yurievna Sokhan

Publication dateFebruary 16, 2020December 23, 2020

Requirements for borrowers

Citizens of the Russian Federation included in the “Young Family” category are allowed to participate in the preferential lending program. Citizens raising alone at least one child under 19 years of age can also receive a loan. In both cases, the age of the borrower must not exceed 35 years inclusive. Other requirements:

• Work experience - at least 6 months in the current position and at least 1 year of total experience over the last 5 years.
• For citizens who have a personal subsidiary plot (LPH) - at least 12 months of running a personal subsidiary plot.
• The amount of income is without requirements from the bank.

For salary clients, there are relaxations in terms of work experience requirements: at least 3 months at the current place of work and at least six months of total work experience over the last 5 years. Registration in the Far Eastern Federal District is not required.

Features of mortgage programs of RosselkhozBank

RosselkhozBank offers clients wishing to take advantage of a mortgage only one appropriate program. It can be used to buy not only an apartment or a house, but also a plot of land, a townhouse, and you can also pay for shared construction. The loan is issued only in Russian rubles, and its minimum amount will be 100,000 rubles. Maximum varies, most available with:

• buying an apartment;
• payment for the participation agreement in shared construction;
• purchasing apartments.

In all other cases, the maximum is limited to 20,000,000 rubles, but you can always choose a loan term of up to 30 years inclusive. With such a duration, there will be a maximum overpayment, but the monthly payment will be feasible even for people with low incomes. The down payment required for a standard mortgage also varies depending on the type of home the client chooses. But in any case, you should figure out what documents the client will need to approve the application; they do not differ depending on the situation.

At least 15% of the cost of housing will need to be paid when purchasing an apartment under a purchase and sale agreement or a shared construction agreement. This also includes the purchase of a townhouse along with the land (by purchase and sale) on which it stands, and a separate plot of land. No less than 25% of the cost will be required to pay for a townhouse purchased under a shared construction agreement, or a separate residential building with land.

READ Features of using the 3D password service at RosselkhozBank

A 25% down payment will be required when purchasing a residential building along with its land, if purchase and sale is involved. A maximum down payment of 30% must be made if the object of purchase is an apartment that is registered under a share agreement or a purchase and sale agreement. In any case, additional collateral will not be required, since this is housing purchased with bank funds, and the list is limited to this.

Important! To approve the application, the Russian Agricultural Bank requires not only insurance of the collateral, which is mandatory, but also voluntary health and life insurance of the borrower. If a person does not have the funds to pay for the policy, its cost can be included in the loan amount, thereby increasing it. A loan application at RosselkhozBank will be reviewed within up to 5 business days, but a more interesting feature will be mortgage interest rates.

This bank offers a flexible system for providing loans and setting interest on them, taking into account all the nuances, even the size of the down payment, the category of the client and the loan amount. The most favorable conditions can be obtained for a loan in the amount of 3 million rubles or more, if housing is purchased from a developer who is a partner of the bank. A list of such offers can be found on the official website. The least favorable rates are provided to those who take out a loan for a small amount and participate in shared construction.

To obtain a loan for the purchase of an apartment or townhouse with land, as well as apartments sold on the secondary market, the bank will set a percentage of 9.75, which can be received by people who take out a loan of 3 million rubles or more to purchase housing from the bank’s partners. A less favorable rate of 9.85% will be received by people who take out a loan of 3,000,000 rubles with a down payment of 20% if they receive wages on a card at the Russian Agricultural Bank. For most people who do not receive a salary and do not work in public institutions, a minimum of 9.95% will be set for this category of real estate if they make a 20% down payment or more.

READ Payment of RosselkhozBank loan through Sberbank Online and other tools

If a mortgage is taken out to pay for a participation agreement in a shared construction project, then the client can count on 9.3% if a bank partner is selected for the purchase. But for ordinary clients, the rate is at the level of 9.6-9.7% per annum, provided that the first payment was made in the amount of at least 20% of the cost of housing. Salary clients and public sector employees will be able to count on a rate of 9.5%, 9.55%, respectively, if they take out a loan with a down payment of more than 20% and no less than 3 million rubles.

The bank also provides for an increase in interest if the borrower or his co-borrowers do not want to insure life and health on a voluntary basis. The RSHB cannot force this to happen, so you should expect a 1% increase in interest if the policy was not purchased. If you refuse insurance after taking out a mortgage, you may even encounter the bank’s demand to pay the entire remaining amount in a short period of time and a desire to terminate the contract.

Documents for obtaining a home loan

To apply for a mortgage, borrowers are obliged to provide a package of documents to the bank. Required papers include:

• Passport of a citizen of the Russian Federation.
• SNILS (number).
• Military ID - for citizens liable for military service.
• A copy of the work book or an extract from the electronic work book.
• Certificate 2-NDFL for the last 12 months or less.

Depending on the category of the client, you will also need a certificate of state registration of marriage (for young families) or a child’s birth certificate (for parents raising children alone, in single-parent families).

Mortgage under the “young family” program

You prepare the following documents for a mortgage at Rosselkhozbank:

• If we are talking about two-parent families, then you present a copy of the marriage certificate;
• a copy of the child's birth certificate;
• documents confirming relationship. This includes passports, documents confirming a change of last name, first name, patronymic, etc.

Attention!!! If living space is purchased using maternity capital, you are required to provide a certificate, copies of marriage and birth certificates. The bank will also give you 6 months to choose housing if you have not decided on real estate.

More details about the conditions of the Rosselkhozbank mortgage are written in the article: Conditions of the Rosselkhozbank mortgage.

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Proc. rate 0.9% per annum Payment per month 100 ₽

Amount of payments 10,000 ₽ Overpayment 1,000 ₽

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What does the bank offer?

A mortgage with Rosselkhozbank can be issued in an amount of up to 20 million rubles. This amount may vary depending on the program chosen by the borrower, as well as on the region in which the property is planned to be purchased. The maximum period is specified as 30 years.

On the bank's official website you can find a list of programs under which mortgage lending is provided. The main ones include:

• residential mortgage lending (from 11.5%) - refers to standard programs under which you can purchase an apartment, a country house, a plot of land, as well as complete construction that has already begun.
• mortgage with state support (from 10.9%) is a type of lending in which you can purchase ready-made housing or housing under construction from developers.
• mortgage under two documents (from 12%) – under this program you can purchase a country house, a plot of land or an apartment built using borrowed funds from Rosselkhozbank.

Among other things, there are some special programs: military mortgage, young family and maternity capital, targeted, as well as mortgage for housing in certain areas (residential complex Tsaritsyno, Tomilino, City on the River, etc.). They are characterized by a fairly low interest rate (from 7%) and a narrower subject composition among borrowers.

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FAQ

How can I find out the decision on my application?
An SMS message arrives on your phone, or a call comes from a bank employee. Who checks the legal purity of the loaned object? Lawyers from Rosselkhozbank are inspecting the property.

Can I not register a property if I am its owner? The client undertakes to obtain permanent registration within 270 days from the date of registration of ownership. If this is not done, the bank will increase the interest rate.

I am raising two minor children alone, will the bank give me a mortgage? For single-parent families, one minor child is enough.

Why did the bank increase the rate to 2%? The rate increases if the borrower refuses the personal insurance service.

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