Whether a mortgage will be given to a pensioner. Can a pensioner take out a mortgage for housing? Will a non-working pensioner be given a loan and for how many years? How to get a mortgage for an apartment in Sberbank
Hello! The topic of our meeting today is mortgages for retirees. In this post, we will talk about whether they give mortgages to pensioners, which banks give mortgages to pensioners and on what conditions, whether a mortgage is possible for non-working pensioners or not. We will also analyze the conditions under which pensioners are given a mortgage without a down payment.
Today, all banks and other financial institutions offer their clients various mortgage lending programs, which make it possible not only to purchase housing, but also to improve their living conditions. Of course, the terms of registration, interest rate, as well as the requirements for borrowers are determined by each organization independently and can vary significantly. But in general, all banks have standard requirements.
If a few years ago a young working citizen could get a mortgage, today citizens of retirement age are also endowed with this opportunity, and many financial institutions have developed mortgage lending programs available for pensioners. And when asked about , whether pensioners are given a mortgage, you can answer positively.
Many people have a mistaken opinion that all pensioners are provided with housing. In fact, there are many elderly citizens who do not own their own homes and want to buy one. In practice, there are also cases when a pensioner takes out a mortgage loan to provide housing for his son (or daughter) or purchase an apartment for his grandson. Some elderly people want to improve their living conditions and receive a mortgage for an apartment. The mortgage provided for pensioners gives them a similar opportunity. Accordingly, a pensioner has many different reasons for obtaining such a loan.
Considering all of the above reasons, many financial institutions are ready to provide senior citizens with a fairly large amount of money to purchase an apartment or private house. But of course, banks do not provide such loans to everyone: a potential borrower must meet certain requirements and be solvent.
Requirements
First of all, you need to define the concept of a pensioner in relation to a mortgage. There are several types of retirees, which fundamentally affects the choice of programs and the availability of credit:
- The unemployed senior citizen is the most limited category of pensioners in terms of opportunities. They can only provide a pension as proof of income, which means that the amount of the mortgage will be minimal. Additionally, it is required to attract co-borrowers, or consider a mortgage from Sberbank, since there is an opportunity to indicate additional income without documents in the application form.
- Working senior citizen. Compared to the previous category of borrowers, they have a certain advantage - officially confirmed income, which will significantly increase the size of the mortgage, but the same disadvantages remain - a limited choice of banks for lending. The list of such banks will be described later in a special section.
- Non-working senior citizen who has not reached the officially established limit (55 women and 60 men). In this case, it is possible to arrange a mortgage on two documents, secured by real estate or through an agency to "make" the documents for the mortgage. There are many more lending options, but it takes some effort and support from an experienced mortgage broker.
- A working pensioner who has not reached the retirement age limit. There are quite a few lending options. Banks willingly lend to this category of citizens because there are two sources of income, but only up to the age limit set by the bank, so if a long term mortgage is needed, banks lending up to 70-75 years should be considered. We will talk about them later.
- A non-working military pensioner. Good income from pension allows you to take a mortgage, but banks are stopped by the lack of permanent income, so the circle of banks for lending is small - Sberbank, Transcapital or a military mortgage.
- Working military pensioner. The most easily credited category of pensioners. A relatively young age, a good double income allows you to choose almost any bank for lending. Banks will give mortgages without any problems.
When applying for a mortgage loan, you must take into account the requirements for borrowers. First of all, you need to take into account the established age restrictions. In particular, all financial institutions approve a certain maximum age of the borrower, upon reaching which the entire loan amount must be fully repaid.
On average, this age limit is 65 years. Although some banks provide for a higher age limit (for example, in Sberbank, the maximum age of a borrower should not exceed 75 years).
This means that, for example, if a citizen of retirement age decides to get a mortgage at 62 years old, but the age limit is 70 years old, then this means that the borrower can get a loan for a maximum of 8 years. And according to the standard conditions of banks mortgage loans are provided for a period of 10-30 years. Accordingly, more unfavorable conditions are provided for senior citizens.
Due to the fact that the loan term is shorter, the amount of monthly payments increases significantly. This fact must also be taken into account when applying for a loan. It should also be remembered that some financial institutions have a certain maximum amount that can be provided to seniors.
To obtain such a loan, you must have a stable monthly income. At the same time, as everyone knows, the average pension in our country does not exceed 30,000 rubles. Accordingly, the average citizen of retirement age cannot expect to receive a large amount of money if his only source of income is only a pension. The chances of receiving a larger amount of money increase if the citizen also receives a certain income in addition to his pension. This is possible in cases where the applicant also continues to work on the basis of an employment contract.
At the same time, you need to be aware that many financial institutions provide borrowed funds to working pensioners. In this case, the pensioner has a concluded employment contract and, together with the pension, receives a certain amount of money every month as wages... In this case, along with other documents, you should also provide a certificate of the amount of monthly salary in the prescribed form. If a pensioner is considered not working, then in this case the main source of his income is his pension.
Some features are provided for military retirees, i.e. for those citizens who were considered military personnel. A special accumulative mortgage system was developed for them. Participants in this system can apply for and receive a mortgage loan under more favorable lending terms. Moreover, according to the terms of this system, military pensioners receive a certain amount monthly from state budget, which is sent to pay off the mortgage loan.
The next thing to pay special attention to is insurance. Of course, almost all banks require a insurance policy when applying for a mortgage loan, but special insurance conditions apply for pensioners.
Life and health insurance is quite expensive, so in some cases you need to think twice whether it is worth taking out an insurance policy or it is easier to refuse it (if it is provided for by the terms of the loan) and increase the interest rate. Use our and to calculate the profitability of this or that option.
Particular attention should be paid to the following parameters:
- interest rate;
- the amount of the down payment;
- loan terms money;
- requirements for clients;
- list of required papers and documents;
- availability of commissions, etc.
Only if all of the above parameters satisfy the client, you can proceed to the procedure for submitting an application and obtaining a loan. You can use credit calculator, with which you can calculate the size of the monthly payment according to the parameters specified by the clients.
Some banks are also willing to provide loans without a down payment using an overcharge scheme. We will talk about what an overpriced mortgage is in a separate post. This fact must also be taken into account.
To increase the chances of obtaining a mortgage loan, you must first collect the entire package of necessary papers. In fact, it is standard and includes:
- passport of a citizen of the Russian Federation;
- documents for the purchased housing.
Pensioners must also prepare the following documents:
- copy of the pension certificate;
- document from the pension fund;
- certificate of the amount of monthly income (provided to working pensioners about the income they receive at work).
Before submitting an application for a loan, you should select the housing that the applicant wants to buy and only then present the entire package required documents for a loan.
To increase the chance of getting a loan, especially for non-working pensioners who are given mortgages less often, you can attract a co-borrower. This can be either a family member or a friend or close relative.
Accordingly, when applying for such a loan, the size of the co-borrower's income is also taken into account. As a co-borrower, it is advisable to involve a citizen of non-retirement age who works and receives a certain monthly income. In this case, the possibility of approving the application will increase.
Otherwise, the procedure for obtaining a mortgage for citizens of retirement age is standard. It is necessary to present an application and the entire package of required documents. If necessary, the employee asks certain questions and gives the necessary instructions. On average, its consideration takes several working days, after which the applicant is notified of the decision. If it is positive, then they proceed to the last stage of processing a loan - signing the necessary papers.
In particular, a loan agreement and a pledge agreement are signed. On the basis of these papers, the registration of ownership is carried out in the future who took a person's loan for the acquired property. It should be remembered that this property is the subject of a pledge until the full repayment of the entire loan amount.
Banks
This table shows the banks where you can take out a mortgage loan for pensioners and their conditions:
Bank | Age limit, years | First payment, from% | Rate, from% | Loans to non-working pensioners | Note |
---|---|---|---|---|---|
Sberbank | 75 | 15 | 10 | yes | it is possible to reduce the rate due to electronic registration of the transaction and with participation in the subsidy program from the developer |
Transcapitalbank | 75 | 5 | 11,75 | yes | For the construction period, the rate is + 1%, the higher the down payment, the lower the rate |
Akbars bank | 70 | 10 | 10,5 | not | The higher the down payment, the lower the rate |
Sovcombank | 85 | 10 | 10,9 | yes | additional insurance for the first year is required for pensioners about 2% |
Disassembled in detail in a separate post. Mortgages for pensioners in VTB 24 are available only to working people. In vtb 24, a mortgage is issued only upon the provision of a full package of documents from work and is limited to the age of 65-70 years in certain and exceptional cases.
Reverse mortgage
Today, some banks provide a special offer for pensioners: this is a reverse mortgage for pensioners. It is, in fact, an interest-free mortgage that has the opposite effect. In this case, the scheme of actions is as follows: the pensioner formalizes his real estate as collateral with the bank, and the bank, in turn, pays a certain amount of money to the borrower every month.
At the same time, you do not need to pay interest and repay the loan. The situation is quite the opposite: it is not the borrower who pays the money to the bank, but the bank to the borrower. And after the death of the owner of the collateral, it becomes the property of the bank. This is an opportunity to receive additional monthly income for single pensioners who have no heirs.
Today you found out if a pensioner can take out a mortgage. If you still have questions on this topic or need support in this matter, please write in the comments or ask our lawyer a question in a special form.
We will be grateful for the post rating, like and repost.
It would seem, why would a pensioner take out a mortgage and drive himself into debt in his old age?
However, we all remember the well-known saying that after retirement life just begins.
Often, throughout their lives, until retirement, people put off their dreams until later, and then they realize that they always wanted to have a dacha, a country house, or even live in another city.
In these cases, the idea appears to contact the bank to receive money for.
Previously, the solvency of pensioners was often questioned, and banks completely refused to issue a mortgage to an elderly person.
However, some professions allow you to work even after reaching retirement age, and since the increase in pension payments, banks have begun to consider retirees as potential customers.
If a pensioner has a stable income, in addition to his pension, then his solvency is no different from that of young people, and the conditions allow obtaining a mortgage loan.
The only nuance is age and the risks of various diseases, and other troubles that require additional costs, that is why banks, for the purpose of reinsurance, issue loans to pensioners only up to 75 years old.
And then, this maximum age can be reached with the full repayment of the mortgage.
Useful video:
That is, the best option for a pensioner is the age when he has just started to receive a pension, but he still remains able to work, namely 55-60 years old.
We do not take into account the option that there are professions in which the retirement age begins much earlier (military, ballerinas, seniority care).
These pensioners are more willingly issued loans and on normal terms, since their average age does not exceed 50 years, and they may well be engaged in another type of labor activity.
Requirements and conditions of banks for the borrower
Pensioners, as borrowers, are scrutinized by the bank more closely than other people, as there is greater risk.
When assessing the solvency and the possibility of making monthly mortgage payments, the bank pays attention to several factors:
- Availability of documented stable income, in addition to pension payments;
- If a married couple wants to get a mortgage, then the family income is estimated, and this is a plus, since it is easier for two people to allocate money to pay off the necessary amounts;
- The presence of other property is taken into account and the possibility of transferring it to the pledged object in parallel with the acquired property is being considered. In this case, the bank is more willing to issue a mortgage and on much more favorable terms;
- The opportunity to participate in mortgage program other co-borrowers, who may not necessarily be relatives;
- Good credit history in this and other banks in previous years.
You can read more about the list of banks that give mortgages with bad credit history in this.
Basically, we can say that all the conditions for pensioners are not much different from the rest, except for additional guarantees and the term for issuing a mortgage.
VTB 24
This bank considers each situation separately to set the conditions, but the mandatory requirements are still established.
Begins from 9.4%, and the maximum loan term also depends on the age of the pensioner, but generally does not exceed 10-15 years old.
The minimum down payment on a mortgage is at least 10% .
There is an opportunity to purchase a house, apartment or real estate under construction.
Which bank is better to choose?
It is up to you to decide which bank to choose from, but it must be borne in mind that not all banks are willing to issue loans to pensioners because of the existing risks.
You also need to build on the type of property you want to buy and its value.
An important aspect is the location of bank branches from your settlement, since you will have to appear in the office more than once to conclude an agreement in the future.
Mortgage registration
After choosing a bank and studying the conditions put forward, you must personally or via the Internet apply for a mortgage loan.
The questionnaire indicates:
- Personal data of the pensioner;
- Employment information;
- Housing cost;
- Amount required for issue.
All this is supported by the necessary documents.
After reviewing the application and making an affirmative decision, other established documents and certificates are submitted, conditions are discussed, and experts prepare the text of the mortgage agreement.
After registration of the mortgage and signing of the contract by all parties, the money is handed out or transferred to the account of the borrower or the seller of real estate.
State registration is mandatory.
This banking program allows almost anyone to become the owner of their own home, subject to the requirements of a financial institution. Not only young people need their own apartment, house, pensioners also dream about it. Unlike young people, they think not only of themselves, they also want to leave something as a keepsake for posterity.
The only problem is that for most older people, the only source of income is pension. This leads to a natural question: do they give mortgages to pensioners, especially if they do not have additional sources of income? Well, let's try to answer it.
Just a couple of years ago, almost all banks answered with a categorical “no”, as the degree of risk was too high for them. After all, an elderly person can suddenly die, and senile diseases should not be discarded. Medicines are not cheap, and if part of the pension is spent on them, then there will be no money left to pay off the loan.
But banking practice shows a change in the current situation. And financial institutions have opened many special programs for lending to pensioners.
Still, mortgages for retirees are not available in all banks. This is mainly done by large financial organizations: Sberbank, VTB24, Rosselkhozbank, etc. To work with social loans many banking organizations receive considerable preferences from the state.
Age restrictions
Most of those who take out a mortgage are between the ages of 25-45. And they have at least 20 years to pay off the loan. Why exactly so many? Just the demands of the majority banking institutions limit the age limit of clients. The borrower's age at the time of closing the loan must not exceed 65 years.
According to standard conditions, mortgages can be issued to pensioners for a period of 5 years (for men) and 10 years for women. This leads to the fact that the borrower will have to pay off the loan taken in large amounts in order to have time to pay off everything.
An example can be given - the borrower took an amount of 3 million. The initial payment was 30%, the loan term was 5 years. Having made some simple calculations, we understand that he will have to pay the bank about 45-50 thousand monthly. Can a simple pensioner do it without additional work with an average pension? The question is rhetorical.
In addition, the conditions this loan require that monthly payment did not exceed 45% of income. Otherwise, the bank's response to the request will be negative. Again, as an example - a pensioner has a monthly income of 34 thousand, in this case he will receive a maximum of 1.5 million for housing. Either you have to look for housing for this amount, or pay extra from your savings, if any. Moreover, are there many pensioners with such an income? In addition, the initial payment for a pensioner is at least 18-20%, plus increased rates.
But in recent times pension mortgage is undergoing many changes, and this is primarily due to a change in the age limit. This is what the largest Russian banks can offer to older clients:
- Sberbank has increased the age limit to 75 years. And the loan term is 10 years. Average rate 13%. One of the advantages of a mortgage in Sberbank is the refusal of the bank from the obligatory one.
- VTB 24. His conditions are somewhat stricter. The loan term does not exceed 5 years, the age criterion is standard - for women under 60 years old, for men under 65, however, in rare cases, a working pensioner can be increased to 75 years old at a rate of 18-20%. The amounts are minimal to minimize risk.
- Rosselkhozbank sets a condition - the client's age must not exceed 65 years. But does not require a down payment, however, a co-borrower is required.
Now you know to what age the leading banks in the country issue mortgage loans.
Departmental pensioners
The situation is completely different if a person retires from military service or the Ministry of Internal Affairs. They are entitled to a state subsidy for the purchase of housing, interest-free and does not require a down payment. But a military pensioner must meet certain conditions:
- Service life is at least 10 years.
- Dismissal must be either for the term of service or for health, which must be confirmed by departmental doctors, or reduction (also confirmed by legal grounds).
- A pensioner must be a participant in a special state program and stand in line.
Package of documents
A correctly completed package helps to arrange a loan faster, and a pensioner does not have to think about how to get a loan as soon as possible and not come to the bank several times.
So, how is the procedure for applying for this loan:
- The pensioner must visit the bank and fill out a special form. Then he writes a statement in the form. The collected documentation package is attached to it.
- The bank's specialists study the transferred papers and make a decision.
- With a positive decision, the pensioner is given money. Most often they are transferred to an account specially opened for this.
Required Documentation:
- A copy of the borrower's ID. If there is a co-borrower, then his.
- A copy of the pension.
- For workers - a copy of the labor and 2-NDFL.
- A certificate from the pension that the bearer of this paper is indeed a pensioner.
- In some cases, banks may require you to bring a medical board.
It has become difficult to pay
This situation often happens when the loan was issued, and the pensioner was still working. But for some reason, he had to leave his job, thus, he loses additional income. What to do in this case?
Financial experts advise not to hide, but go straight to the bank and identify the problem. Usually it is possible to agree. After all, the financial organization itself is interested in the full return of the issued funds, so they will try to offer mutually beneficial terms.
Can retirees take out a mortgage? Can. True, you will have to meet the requirements of a financial institution.
Home lending in Russia is the most popular way to purchase your own real estate. However, financial institutions have serious requirements for potential borrowers. Mortgages for pensioners with and without a down payment are available only under special conditions that depend on the solvency of the client and the issuing bank. Before applying to the branch, you should familiarize yourself with the nuances of processing transactions, conditions, requirements of financial institutions provided for this category of citizens.
Can a pensioner take a mortgage on housing
This product is available for retirees, but the terms and conditions and requirements will differ from the standard ones when making a deal. A pensioner will not be able to get a loan for 30 years due to age restrictions. At the time of full repayment of the debt, the client should be no more than 65-75 years old, therefore financial organizations issue loans taking into account the age of the applicant for a shorter period. Such conditions presuppose a large monthly payment, which may become overwhelming for the debtor.
Some are interested in whether they give mortgages to pensioners at Sberbank? This financial institution is 50% state-owned, therefore, it provides optimal conditions for lending to this category of citizens. However, other banks in the country also lend to pensioners. An important condition is that the applicant has a permanent income. Working pensioners find it easier to get a loan. If the client does not have a job, the financial institution can take into account the income of co-borrowers or guarantors.
It is necessary to immediately prepare for the fact that the financial institution will require an initial payment of at least 15-20% of the cost of the purchased apartment. In addition, it should be borne in mind that financial institutions may require additional security for the transaction - a pledge, surety of two persons, attraction of a co-borrower. In addition, such an applicant will have to issue a package at their own expense. personal insurance.
Banks' requirements for the borrower
Any lender runs the risk of providing a large loan to an elderly client. This is especially true for single pensioners who do not have a permanent job. To protect themselves from non-payment of the debt by the borrower, financial institutions form lists of requirements for applicants. The applicant must meet the following issuer criteria:
- registration in the region of circulation;
- a certain level of income;
- positive credit history;
- work experience of 6 months.
Borrower age
The issue of obtaining a mortgage for a pensioner is problematic due to age restrictions. The younger the applicant, the higher his chances of getting the application approved. A housing loan is issued with the expectation that the client will pay off the debt in full before he turns 60. Some financial institutions lend to individuals who will be no more than 55 years old at the time of contract closure. Even under the terms of the loyal programs of Sberbank of Russia, the borrower may not be older than 75 at the time of full repayment of the loan.
Compulsory insurance
The mortgage is large targeted loan, it requires the obligatory collateral of the transaction. As a rule, this is acquired at the expense of borrowed money living space. The deposit is subject compulsory insurance... The policy is drawn up at the expense of the borrower for the entire loan period. For clients of retirement age, financial organizations put forward another requirement - payment for their own health and life insurance. Failure to comply with this condition leads to an increase in the interest rate or refusal to provide a loan.
Guarantee and co-borrowers
To increase the chances of getting a mortgage loan, you need to attract guarantors or co-borrowers. All requirements of the issuer to applicants apply to them. They can be relatives: spouses, adult children, sisters, brothers or legal entities, depending on the conditions of the bank. When a mortgage is granted to married couples, the co-borrowers both take ownership of the purchased apartment; in other cases, third parties cannot claim the purchased property. When considering solvency, a financial institution takes into account the income of all participants in the transaction.
Types of mortgage loans for retirees
In order to take out a loan for the purchase of real estate in old age, you need to consider profitable programs different banks and choose the best option for yourself. Today, many people give loans for housing credit institutions... Banks work with different categories of borrowers, so mortgages for pensioners with normal incomes, provided there are guarantors, are quite an affordable product. There are special lending programs, using which borrowers can arrange a mortgage loan on more favorable terms.
Family program
Banks provide mortgages to working pensioners under the family program without much difficulty. As for lending to non-working citizens, they can get a loan if they attract relatives as co-borrowers. The down payment is optional, but it does affect the amount of overpayment. The acquired real estate must be pledged to the issuer. Age requirements for potential customers depend on the bank chosen. For example, a mortgage loan to pensioners at Sberbank is issued at most until the borrower is 75 years old.
Interest-free mortgage
The Housing Lending Agency provides Russian citizens with loans on preferential terms. There are two options for obtaining an interest-free mortgage for retirees:
- The client receives funds for improvement housing conditions... The borrower's own housing is transferred to the issuer as payment for the loan. After 2 years, the housing provided by the client is sold. If the proceeds are not enough to close the mortgage, the borrower will independently reimburse the balances.
- The borrower signs an agreement with the issuing bank, according to which the purchased apartment after the death of the client becomes the property of the financial institution. Until the end of life, the bank pays the borrower equal amounts... The offer is in test mode. Such a mortgage to pensioners without interest is designed for single people who have no heirs.
No down payment
All categories of Russians have access to a mortgage without a down payment. The main condition for such a loan is the transfer of the acquired property to the bank as collateral. However, it should be noted that the interest on such a loan is 2-5 points higher than usual. The fact is that the rate, first of all, depends on the size of the initial payment, and in the absence of such a loan is issued with a maximum overpayment.
Working and non-working pensioners
Banks today issue mortgages to both working applicants and those who have no additional income other than pension payments. If a potential borrower has doubts that his loan application will be approved, then he can attract guarantors or co-borrowers. The percentage of approval of the application depends on how the issuer assesses the client's solvency and maximum size loans.
Reverse mortgage
In recent years, older people are in great demand this program... It provides for the payment of funds by the bank to a pensioner, after which the new real estate becomes the property of the issuer after 10 years or after the death of the borrower, depending on the terms of the agreement. Such transactions are sometimes challenged by the families of clients in court and are risky for financial institutions.
The client moves to the apartment provided financial institution, and gets the difference between the cost of his and his new home. A reverse mortgage for retirees provides several payment options:
- regular payments from the bank for a certain period of time (no more than 10 years);
- one-time payment;
- a certain amount every month until the end of the client's life.
For military pensioners
In accordance with Federal law "On the status of servicemen", citizens with ten years of service in the armed forces of the Russian Federation are entitled to exceptional credit conditions. Military mortgage for retirees, they are provided with a reduced interest rate and government co-financing. Due to cash subsidies, the borrower can pay off the debt to the bank much faster and remove the burden from the housing.
Retirement mortgage terms
The main difference between mortgages and consumer lending is that the purchased property for the entire loan period is transferred to the bank as security for the transaction. The borrower is obliged to insure the home every year at his own expense until the loan is fully repaid and the contract is closed. While the apartment is pledged, the client can use it, but cannot sell, change, or donate.
Mortgages for pensioners and other categories of citizens are provided in rubles. The loan amount depends on the cost of housing. Banks also take into account the size of pensions and additional income of applicants. If this is possible, the borrower can repay the mortgage in advance in part or in full, without commissions. To do this, you need to notify the bank in advance and ensure that the payment on the credit account is not less than the amount of the monthly installments under the agreement.
Interest rate
An important point for every potential borrower is the issue of interest accrual. For housing loans, a lower overpayment is characteristic than for consumer loans and it varies around 10-20% per annum. The specific figure depends on which bank the client has chosen, the category of the borrower, the size of the down payment, the package of insurance products. Before signing the contract, you can calculate the amount of payments and the final overpayment using a special calculator on the official website.
Loan amount and terms
Mortgages for retirees provide individual conditions for each borrower. Minimum size the loan depends on the chosen financial institution. For example, Sberbank provides loans for housing from 300 thousand rubles. The maximum amount is calculated individually, it can be up to 80% of the market value of the real estate pledged to the bank. In addition, the limit is calculated based on the applicant's monthly income.
How to get a mortgage for retirees
The procedure for applying for a reverse or regular mortgage for retirees is no different from a traditional loan. The applicant needs to select an object on the real estate market and contact the appraisal company, which will establish the cost of housing. After that, the client's documents and papers for the apartment are submitted to the bank. The issuer reviews the application, verifies the information that the applicant indicated in the application form and makes a decision. The bank employees will notify the applicant by phone about the provision of mortgage loans or the refusal to cooperate.
List of required documents
If the conditions of a particular financial institution suit the applicant, then you need to collect a complete package of documents and submit it to the bank for consideration. It includes the following papers:
- russian passport;
- completed application;
- income statement (2 personal income tax or in the form of a bank) in the amount of 20 thousand rubles per month for residents of Moscow and M / O, from 15 thousand in the regions;
- certificates confirming the social status of the borrower and the right to pension payments;
- documents for the acquired property;
- medical certificate.
Terms of consideration of the application
As a rule, it takes from 2 to 5 working days from the moment of registration of the application until the bank makes a final decision. The specific period depends on the workload of a particular department. The bank reviews the certificates provided, evaluates the applicant's solvency, checks the credit history. Salary and retirement clients of a financial institution will find out solutions faster, because the issuer does not need to assess their solvency, check data on employment and income level.
Conclusion of a loan agreement
After the approval of the application, the applicant must appear at the issuer's office with all the documents. The parties sign pledge and credit agreements, after which the bank transfers the money for the apartment to the seller's account. The borrower receives his own copy of the agreement, a payment scheme with the amount of mandatory payments and a deadline for repayment. After completing the transaction, it is important to pay by promissory note, avoiding delays. You can monitor the decrease in the amount of debt and carry out transactions with the account in the issuer's branches or through Internet banking.
Features of registration of a mortgage loan for pensioners
The issuance of a housing loan to citizens of retirement age is always fraught with risk, so some refuse to work with this category of clients. However, the largest financial institutions not only provide mortgages for pensioners, but also often provide for government support, luyal requirements, flexible credit terms.
At Sberbank
The largest bank in Russia provides loans to Russians under 75. Mortgages for retirees from Sberbank provide for a down payment of at least 20% of the cost of purchased housing. The client must necessarily provide co-borrowers or guarantors. For the entire loan period, the rate is 12% per annum. If a client receives a pension on a Sberbank card, he can count on preferential lending terms.
At Rosselkhozbank
This financial institution issues mortgage loans to citizens of the Russian Federation not older than 65 years. Preferential programs Rosselkhozbank does not. The interest rate is calculated individually, depending on the category of the client, the availability of insurance, the amount of the first installment - from 12% per annum. If the borrower has refused life insurance, then the rate is increased by 3.5 points. When registering housing under construction in a mortgage, the percentage increases by 0.5 points.
Housing for pensioners in AHML
Retirees can apply for a loan to buy an apartment not only to the bank, but also to the agency for mortgage lending (AHML). Moreover, the conditions here are very attractive with an interest rate of 11% per annum. Residents of the Far Eastern region receive an additional discount of 0.5% per annum of the nominal. The down payment on a loan from AHML is at least 10%. The company offers a lot of different programs designed for different categories of clients: variable rate, social, classic.
What kind of real estate can be purchased on a mortgage
Financial institutions in Russia offer mortgage loans for the following types of objects:
- apartments;
- suburban real estate;
- land plot for construction;
- garage;
- cottage;
- townhouse;
- refinancing an existing mortgage loan.
Video
Elderly people dream of meeting old age in a comfortable home surrounded by their families. If you have not yet been able to acquire your own apartment, or you are planning to expand your living space, help your children and grandchildren buy real estate, a mortgage for pensioners in Moscow will help solve your problem. A cozy house in the suburbs, your own dacha with a plot or a spacious apartment in the center - you can buy any object.
How to get a mortgage for pensioners in Moscow?
Moscow banks are ready to offer dozens of relevant and interesting programs; it will be possible to get money even on preferential terms and with state support... You can get a loan in Moscow for pensioners for housing:
- for housing construction;
- for the purchase of housing;
- acquisition of land.
The terms of cooperation will turn out to be attractive, for example, the interest rate for the elderly is lower, especially if you are a bank client receiving a pension on an open account. You will not need documents confirming your status - they will trust you on the basis of current agreements.
What banks in Moscow issue mortgages to pensioners?
Where are you ready to give money to people of age? Pension mortgage in Moscow in 2019 is available in many banks, the best programs are implemented by:
- Sberbank;
- Rosselkhozbank;
Today it is easy to take money to carry out your plans and desires: you just need to apply to the lender with an application. Mortgages for retirees 2019 in Moscow will be willingly provided to all solvent clients whose income allows them to make payments without difficulty.