How to get a mortgage without proof of income and a down payment

If there is no permanent income or place of work, or when the salary is given “black”, the only way to get a mortgage loan is a mortgage without proof of income.

But it is necessary to understand that a mortgage without an income certificate is issued under more stringent conditions compared to conventional mortgage lending.

It is absolutely possible to get a mortgage today without additional certificates, provided that you have at least 30-35% of the amount to purchase real estate and you are not afraid of the high monthly payments.

Who is suitable for a mortgage without an income certificate?

The most convenient way to apply for a loan without a salary certificate are mortgage offers “on two documents” . What are they? This is a loan product that was created to speed up the process of submitting and considering a loan application, to attract clients who are not able to provide a certificate of income for any reason.

In this regard, the target audience of the program data are:

Persons who urgently need a loan and do not have time to collect a package of documents;
Citizens with a high level of income, which is difficult to document.

Conditions for providing a mortgage without proof of income

The terms of a mortgage without proof of income depend on the specific bank and the chosen mortgage lending program. In 2021, the following parameters are considered standard:

mortgage rate of 5-8 percent per annum;
down payment from 0 to 50 percent of the cost of the apartment/house;
amount from 50 thousand to 10 million rubles;
registration of a pledge on the purchased property;
insurance of an object purchased on credit.

You can find a suitable offer, calculate the final cost of a home loan, and apply for a mortgage through the Mainfin service. Using the calculator, it is easy to calculate the monthly payment and compare several programs from different banks.

Requirements for obtaining a mortgage without certificates and guarantors

With rare exceptions, Russian citizenship is required. They evaluate the borrower’s personality, take into account his age and unblemished credit history with this bank.

The bank's requirements in this case will be stricter than in the case of a standard mortgage: for example, Sberbank for a mortgage on two documents reduces the age limit for repayment of the loan by ten years. Bank employees can also check income unofficially.

But the undeniable advantage of this type of lending is that there is no need to purchase a package of documents.

Who should I contact for a mortgage without certificates?

First of all, you can “try your luck” in those banking structures where large loans were previously taken out and successfully repaid. Financiers tend to be more loyal to their regular borrowers. At the same time, it is important not to have any existing credit debts or arrears.

Sberbank also does not refuse to cooperate with freelancers. His requirements:

down payment amount - from 50%;
interest rate - 12-13.5% per annum;
Age at maturity: 75 years.

Otherwise, the requirements are no different from those imposed on citizens with a 2-NDFL certificate. A Muscovite or St. Petersburg resident can receive up to 15 million rubles. For residents of other regions, the amount is limited to 8 million rubles.

When finding out which banks provide mortgages without proof of income, it is worth paying attention to Rosselkhozbank. Applications are accepted here under the following conditions:

The minimum age of the applicant is 25 years;
It is possible to pay a down payment of 40%. A resident of Moscow or St. Petersburg will receive no more than 8 million rubles, regions - up to 4 million rubles.

Almost every bank is ready to issue a mortgage based on two documents, but the interest rate is determined individually for each client.

List of required documents

The first and main document required by all banks is the borrower's passport . Regarding the second document, banks have slightly different requirements. As a rule, it either additionally confirms the identity along with the passport ( foreign passport, driver's license, military ID ); or confirms that the borrower has the required amount to pay the down payment ( housing certificates, account statement ).

It is mandatory to confirm that you have the funds for a down payment. If this confirmation is not declared as a “second document,” the bank makes a decision on a specific loan application without it. Next, the borrower is given some time to provide documentary information about the availability of money for the down payment.

If the application is approved, it is necessary to bring documents for the collateral property within a certain period, including:

cadastral passport;
a copy of the certificate of ownership of the copyright holder, title document;
an extract from the unified state register of rights, which must be issued no earlier than thirty days before being submitted to the bank;
a preliminary agreement confirming the purchase of the collateral object by the borrower.

What if the borrower works informally

Despite the lack of confirmation of official earnings, the borrower can find acceptable lending options. Many banks understand that not all employers officially provide employment and therefore registration of 2-NDFL is impossible. As an alternative, the borrower is asked to bring a certificate in the bank’s form, which does not require the transfer of information to the Federal Tax Service about the employee’s real income.

A non-income mortgage is often considered as a way to purchase a home in the following circumstances:

There is no time to complete paperwork about earnings.
Employment or income cannot be verified.
Inconsistency with the requirements for minimum work experience and time worked in the last place.
Official earnings are not sufficient to qualify for a loan.

Borrowers over 21 years of age who have a crystal credit history, confirmed by several records in the BKI about the successful repayment of previous loans, have a high chance of having their application approved.

Conditions for obtaining a mortgage without an income certificate

Due to the fact that a mortgage based on two documents without proof of income is associated with an increased risk for the bank, the lending conditions under these programs are much stricter compared to an ordinary mortgage. In addition, the latter becomes more liberal every year: they reduce rates and increase the refund period.

Let's compare all the key parameters of a typical loan with a mortgage without an income certificate.

Loan period

maximum repayment period for a mortgage loan is not reduced in the case of the “two documents” program. In banks where the term is quite long (up to 50 years), when lending under a simplified scheme it is reduced to 20 years .

Down payment amount

Among loan offers under a simplified scheme, there are down payments equal to 30 - 50%. There are restrictions on the maximum amount: for example, with a small loan amount, the down payment may not be higher than 65%.

Whereas a standard mortgage today offers options that exclude a down payment, or with a contribution equal to 10-20%.

Interest rate

As for mortgage lending under a simplified scheme, the rates are higher . Some banks link them directly to existing rates under other programs. Other banks simply charge higher rates.

Maximum loan amount

often find a limit on the size of the maximum loan amount . In the case of a simplified lending scheme, it is reduced even more.

When can a bank give a mortgage without certificates?

When you need a mortgage without work certificates, you should limit the choice of program to an option where the lender puts forward lower requirements for the borrower, compensating for the risk with an increased rate and a decrease in the available loan amount.

It should be understood that a person who does not provide salary documentation must have income in order to be able to service the loan debt. By offering a mortgage with 2 documents, most lenders imply that the borrower has an unofficial job, the employer simply does not want to be bound by obligations and is breaking the law.

If there is no other option for getting an apartment, you need to be prepared that the bank will increase the minimum down payment on the loan and raise the rate. There are other ways to reduce the risk of non-repayment of debt by purchasing bank insurance and attracting guarantors.

In addition to a certificate of salary level, the credit institution has other markers of the borrower’s reliability. The offer of a mortgage without certificates is suitable for candidates who meet the following requirements:

Working age.
Impeccable reputation of the borrower.
Possibility of confirming income other than salary.
Willingness to purchase insurance and provide guarantors.

The fewer concerns a financial institution has, the higher the chances of a positive consideration of the application.

If the applicant is not officially employed

Is it possible to get a mortgage without official employment? Often the problem of the inability to provide a certificate arises because the applicant works unofficially and cannot obtain a 2-NDFL certificate reflecting his real income.

In this case, you can apply for a mortgage without official work; in this case, the official 2-NDFL certificate is replaced by a certificate in the bank form , the latter is filled out by the employer. This document for the bank is an analogue of 2-NDFL, a mortgage can be issued with it, but since the lender’s risk increases, bank tariffs in this situation provide for an increase in the rate.

Today, the most convenient way to get a loan is a mortgage without a 2nd personal income tax certificate. How to get a mortgage without official employment. You only need to provide two documents:

General passport,
SNILS or driver's license or foreign passport.

A mortgage without income certificates is an excellent option for people who receive unofficial income, without experience, and who are unable to confirm their income level with a work certificate. The target audience of banks issuing this type of mortgage is families with average and high unofficially confirmed income. Most banks issue mortgages under a simplified scheme only to persons with Russian citizenship, at least 21 years old, with a clean credit history.

Alternatives to 2-NDFL

However, you will still have to confirm your income. Even if not with a 2-NDFL certificate. What options are suitable:

3-NDFL is a declaration that you submit to the tax office if you have additional income. For example, you rent out an apartment and declare your income. The 3-NDFL must have marks that the tax office actually accepted it, otherwise the bank will suspect that it is being scammed.
Account statement – simply print the statement and bring it to the bank. It should display systematic large income and large expenses. Show the bank that you are a spender and can afford any expenses - therefore, you will also be able to afford the mortgage.
Certificate in the form of a bank or employer. Suitable for those workers who work informally. Theoretically, an employer can “draw” any salary. But in the case of a mortgage, all the papers will be checked, and this is a chance to run into a tax audit and the 358th. So make sure your employer agrees first???? In addition, he still must transfer at least some official salary - banks can check the receipt of pension contributions.
Certificate from the Pension Fund of Russia. No, not about retirement. About contributions. If you work, it makes sense that you pay contributions. More precisely, this is done by the employer. If you receive contributions from some of your work, you can get a certificate from the Pension Fund and bring it to the bank. And they said that it would take a long time to do 2-personal income tax, so they rammed this one. Examples of such work: royalties from publishers, payment under a civil contract, income from patents and copyrights, work for corporations under a contract (for example, in Yandex.Zen).

And here’s another interesting article: The most profitable bank deposits today: a review of options

At the same time, as additional information for obtaining a mortgage without an income certificate, you can provide:

pension certificate - works especially well for young pensioners or working people;
scholarship certificate;
a document confirming the presence of deductions from companies in which you participate in the capital (dividends from owning shares of an LLC).

Alimony, state benefits, court-ordered payments, etc. are not used as additional income.

Which bank to contact

Which banks give loans based on two documents.

Cozy housing is getting closer thanks to an offer from Sberbank . Here they offer loans for the purchase of apartments, residential buildings and other residential premises on the secondary market:

the minimum loan amount is 300 thousand rubles;
interest rate from 12.50% (for a young family);
loan term - up to 30 years;
down payment amount - from 15% (for a young family).

VTB 24 requires that the borrower be at least 21 years old and have Russian citizenship. Conditions for obtaining a mortgage under a simplified scheme:

the loan amount is at least 1.5 million rubles, maximum - 15 million rubles;
the loan rate is 14.5% (in the case of comprehensive insurance, otherwise the interest rate will be increased by 1%);
loan repayment period up to 20 years;
down payment amount of 40% of the cost of the purchased property.

In 2021, you can get a loan from these banks without confirming your income and employment.

Borrowers can also turn to some other banks, but the main condition is a large down payment amount for such a program.

In general, a mortgage without certificates is not the most profitable lending, but this mortgage program provides some with housing, and allows others to significantly increase their client base and earn more. This type of mortgage has the right to continue to exist.

How to indirectly confirm income?

There are several options to confirm solvency without 2-NDFL certificates or using a bank form. They will be useful to freelancers, people who make a profit from renting out property, individual entrepreneurs on “imputation”, and self-employed citizens.

You can provide the bank with:

a current account statement confirming the stable receipt of significant amounts. It is best to apply for a mortgage at your own bank, where accounts and debit cards are opened. As a supplement, you can present documents indicating the presence of deposits, deposits, etc.;
agreements confirming the rental of personal real estate: retail premises, apartments, warehouses, production workshops. In the optimal case for the borrower, the agreements are properly registered in Rosreestr, and at the end of each year, a 3-NDFL declaration is submitted to the Federal Tax Service at the place of registration;
invoices, invoices, bank statements. This option is acceptable for individual entrepreneurs working on imputation. They can have multi-million dollar turnover, but are required to pay a strictly fixed amount to the budget.

Recommended article: Selling or buying real estate with collateral - assessing the risks

There are many ways to confirm solvency. It is better to find out specific conditions in the bank where you plan to take out a mortgage without official income.

Is it possible to get a mortgage without official employment?

To obtain a mortgage without official employment, you can provide documents confirming the client’s solvency. Analogues of 2-NDFL can be:

income statement for previous years (if you work, for example, as a freelancer and pay taxes);
information on the availability of securities or a statement of a brokerage account;
rental or rental agreements (if you earn money by renting out living space or other premises or equipment);
some employers may issue a certificate of services performed and income from them;
copies of receipts for receipt of funds or other documents indicating the receipt of money in your account.

An initial fee

When applying for a mortgage using two documents, the down payment increases sharply. So, if standard lending requires a down payment of 10-20%, or even without it at all, then a mortgage with two documents requires 30-50% of the down payment.

The only joy for borrowers who are unable to confirm their income is the limitation on the maximum amount of the down payment: it cannot exceed 60%.

For more information about the down payment on a mortgage, read our article “Down payment on a mortgage: how things are going in 2020”

“Artificial” income for a mortgage - collusion with the employer

In some cases, a client’s application is rejected due to low income, and he decides to inflate income for another bank using a certificate containing distorted information. The income certificate is issued in the accounting department of the employing enterprise, after which it is certified by its director and chief accountant. Therefore, theoretically, it is possible to agree with the latter so that the documents indicate the salary, the amount of which will allow you to apply for a loan.

Clients who dare to submit to the bank a certificate of income obtained through not entirely legal means risk being held accountable, including criminal liability for forgery of documents. We advise you to carefully weigh all the pros and cons so as not to subsequently lose your apartment and money, and in some cases, the status of a law-abiding citizen.

Features of mortgage programs based on 2 documents

Under general conditions, a loan can be issued to the bank’s salary clients if the borrower has a positive credit history or a valid deposit with the lender.

For new borrowers, a mortgage with 2 documents has the following features:

The application will be reviewed within 1 day;
The maximum loan amount may be limited;
The borrower must participate in the transaction with his own funds for a minimum of 25–30% of the value of the property. A high PV indicates a high solvency of the client;
The percentage is 0.5–2.5 p. higher than for offers with documentary evidence of salary;
Ten minimum work experience requirements;
Not all banks issue mortgages according to the passport of individual entrepreneurs and business owners;
Co-borrowers/guarantors may be involved;
The borrower must have a positive credit history.

Expert advice: If possible, it is better for the borrower to confirm his income even if it takes more time to receive a loan. This will guarantee obtaining loyal lending conditions. As an alternative, you can submit a certificate in the bank's form.

Bank offers are intended for the following categories of borrowers:

Targeted programs for military personnel and NIS participants. The terms of the loan do not provide for the provision of income certificates;
Individual entrepreneurs, business owners for whom confirmation of income with a certificate of f. 2-NDFL is impossible, and the minimum taxable amount is reflected in the declarations;
Citizens registered for the minimum wage actually receive several times more;
Borrowers with high incomes who do not have the time and opportunity to quickly obtain salary certificates (for example, if the company's central office is located in Moscow and regional representative offices do not have the authority to issue salary certificates).

Banks approving a loan without confirmation

Today, many banks are ready to offer a borrower a mortgage without proof of income. We have compiled a list of offers with the most favorable conditions.

Sberbank

At Sberbank, mortgages without proof of income are available for the purchase of finished and under construction housing.

Maximum loan amount. The amount borrowers can count on is 15 million rubles for Moscow and St. Petersburg and 8 million rubles for other regions of Russia. The minimum amount is 300,000.

The down payment for this product is 50%. Interest rate – 9.6% per annum.

In order to apply for a loan without a 2-NDFL certificate, you must:

Fill out the application form (available in electronic format) and collect the required package of documents.
Submit your documents to the Sberbank office located in your region.
Wait for the bank's decision. If approved, prepare a package of documents for the property for the purchase of which a mortgage is taken.
Sign a loan agreement and take out insurance.

Salary clients of Sberbank only need to provide a passport of a citizen of the Russian Federation to submit an application. You can repay the loan using any convenient methods and repay it early without penalties, etc. If a large amount is required, co-borrowers can be involved.

For clients who do not receive salaries on a Sberbank card, the base interest rate for main housing lending products is increased by 0.5 percentage points.

At the time of applying to the bank, the borrower must be at least 21 years old and no more than 65 years old, and the work experience must be at least 1 year over the last 5 years.

VTB 24

The mortgage according to two documents from VTB Bank - “Victory over formalities” - applies to new buildings and secondary housing. The rate for this product is from 9.95%. The loan term is up to 20 years, the loan amount is from 600 thousand to 30 million.

When purchasing a home on the secondary market, the down payment will be at least 40%, on the primary market – at least 30%.

To register you need:

Submit an application on the bank's website. After this, a bank loan specialist will contact the potential borrower, provide advice and set a time and place for a meeting. After this, you need to come to the bank with your passport and SNILS. Review of a mortgage application without proof of income will take 24 hours and will be valid for 4 months.
Select a property on the primary or secondary markets, insure against the risk of damage or loss. Pass a housing assessment examination.
Make a deal.

As part of lending up to two documents, comprehensive insurance is provided and the use of maternity capital is excluded.

* Information is current as of July 2021, please check with official bank representatives for details of terms and conditions for loan products.