Targeted loan for building a house. Loan for the construction of a private house - types and methods of obtaining

Mortgage for the construction of a residential building is a complex type of loan. If you decide to build a private house on credit, you will have to work hard, adjusting to the conditions of the bank and collecting the necessary documentation. The result of the efforts will be a house built according to your own project. But the problem is that there is no worthwhile collateral value other than the land.

In fact, everything is different. The bank must provide a guarantee of repayment of funds, with a mortgage loan it is an encumbrance imposed on the acquired property, it remains pledged until the full payment of the debt.

What can be used as collateral for a home mortgage? In fact, there is no house itself yet, it is only in the project, it is impossible to even name the future cost. So a potential borrower has to look for collateral options, because without it, not a single bank will not only give approval, it will even consider the application.

What is the difference between a mortgage loan for building a house and a mortgage for an apartment

Which banks give a loan for the construction of a house in the amount of more than 75% of the value of the land? There is no such. And the borrower usually needs at least 2-4 land values. That is, this loan will be unsecured (since it is not secured by collateral). It turns out that this is a consumer loan for a large amount, which is very difficult to get. That's why banks refuse.

With secondary housing, everything is simple. The cost of the object already has a value, is liquid (if suddenly the borrower refuses to pay tomorrow) and can be easily realized. Not so with a country house.

What can be additional collateral?

When it comes to an additional pledge of any real estate, it refers only to the borrower's own property, which is documented. In this case, a document will also be required that indicates how the citizen became the owner of this object. It can be a donation agreement, a sale and purchase agreement, documents for receiving an inheritance.

It is impossible to leave someone else's property as a pledge. If this is possible, then only in third-party non-banking organizations. How to get a loan to build a house in this case?

The simplest solution is to pledge real estate that is already owned by the borrower. If you have some kind of real estate, for example, an apartment, then there will even be several options to build a house on credit.

The first is to take a simple non-targeted loan secured by real estate, and use the funds received to build a house.
The second option is to take a mortgage to build a house secured by existing housing, this option will be more difficult to design, but it will turn out to be much more profitable. The imposition of an encumbrance on the existing property does not prevent you from still fully using it, only you cannot change the owner.

Pledge - the land on which the house will be built. In any case, the land should already be owned by the borrower, it is impossible to buy land and build a house on it under one loan agreement. So, a mortgage for the construction of a house already obviously assumes that the potential borrower has land registered on it. This is the area that can be left as a pledge.

How to get a mortgage to build a house secured by land

So, you have land on which you plan to build a house, which means that you can use it to get a mortgage. Initially, the bank will require an assessment of this site. Based on the price in the valuation act, the maximum possible loan amount will be assigned, usually 70-80% of the market value of the land.

The assessment is carried out by the borrower, it can be an independent search for an expert, or the bank will advise you to contact a certain company. The specialist goes to the site, examines the object, takes measurements, and then draws up an act, in which the market price of the object will be written. The cost of assessing an object may turn out to be 10-15% less than what you expected.

One of the reasons for this is that the assessment takes into account the approximate further costs of upgrading the object. The appraisal certificate will be valid for 6 months.

Since the bank issues the amount based on the price indicated by the expert, here another difficulty awaits the borrower - the loan amount may turn out to be much less than what is needed to build a house. A citizen can literally only have enough for a foundation and that's it. Where can I get a loan to build a house in the future?

If you initially understand that the money allocated by the bank is not enough for you, you need to discuss the situation with the bank in advance and come to a decision together. And the solution is most often one - the gradual replacement of collateral.

For example, you took money secured by land, they were enough to build a foundation and some other work. It turned out not just a plot of land, but a plot with a building, its value has increased. Now, in agreement with the bank, you again invite an appraiser who determines the new value of the collateral, which turns out to be higher. The bank reissues the pledge, gives the difference in price to the borrower. And so you can do several times, in the process of construction, the object will become more and more expensive.

Conditions for obtaining a mortgage for the construction of a house

A loan for the construction of a private house secured by its own land is offered by many banks that work with mortgage loans. At the same time, in any case, a citizen needs to have a certain part of his own funds for building a house, usually 15% of the cost of building an object according to the estimate. If the value of the collateral is less than the estimated costs, then the bank takes 15% of the estimated value of the collateral from the borrower.

According to the rule of banks, a citizen should spend no more than 50% of the income received on making a monthly payment.

The bank, studying the application of the borrower, to determine the maximum amount of issuance, considers not only the appraisal act, but also the borrower's income.

For example, the pledge was valued at 2 million rubles, an initial payment of 15% is 300,000 rubles. The loan will take 1.7 million rubles. If the borrower receives 50,000 rubles, then he must give no more than 25,000 rubles a month. If you make calculations on the Sberbank loan calculator or the loan calculator on our website, then at an interest rate of 15.75% per annum and a loan for 14 years, the monthly payment will be approximately 25,000 rubles. Under such conditions, you can get a loan to build a house with a salary of 50,000 rubles.

Banks are allowed to attract co-borrowers, their income is also taken into account when assigning the maximum possible amount of issuance. Most often, spouses become co-borrowers.

Lending programs for the construction of wooden houses from banks:

in Sberbank you can get a loan for building a house with a down payment of 15%. The mortgage may be a land plot or other personal property of the borrower;
in the Bank of Moscow, you can get such a loan without a down payment. Only a land plot can act as a pledge;
in Zapsibkombank you need to pay 20% of the first installment, only a land plot can be a pledge.

As a result of the transaction, together with the loan agreement, the borrower signs a document imposing an encumbrance on the land plot. According to this document, the borrower cannot make any legal transactions with the land. The encumbrance is removed only after the repayment of the debt to the bank in full.

Required Documentation

You can get a loan for building a house only by collecting the necessary package of documents. It is impossible to talk about a single standard of required documentation, each lender will personally talk about his requirements for the borrower: but in general, the list will be similar:

income statements;
confirmation of employment;
documents for the deposit.

The most important part of the package of documents is an estimate for construction or a contract with a contractor.

You will receive information about the exact package of documents from the creditor bank. After collecting all the necessary documentation and a positive decision of the bank, you can start building a house.

Most often, a construction loan is provided not in full, but in tranches, which is more beneficial for the borrower.

Independent construction without a contractor

Banks allow you to build houses without the involvement of third-party organizations. In this case, the borrower independently draws up an estimate, including the cost of materials, bringing communications to the house and other mandatory cost components. To draw up such an estimate, you can contact a construction organization that is more aware of construction costs and will be able to make a more objective estimate.

If you want to get a loan for the construction of wooden houses, prepare yourself for the laborious process. A loan is very difficult to process, banks very carefully check the borrower, the collateral object and the project itself.

The rate on a loan to build a house will be slightly higher than with a standard mortgage, this is due to the increased risks of the bank.

What is the difference between a mortgage loan for building a house and a mortgage for an apartment

What can be additional collateral?

It is impossible to leave someone else's property as a pledge. If this is possible, then only in third-party non-banking organizations. How to get a loan to build a house in this case?

The first is to take a simple non-targeted loan secured by real estate, and use the funds received to build a house.
The second option is to take a mortgage to build a house secured by existing housing, this option will be more difficult to design, but it will turn out to be much more profitable. The imposition of an encumbrance on the existing property does not prevent you from still fully using it, only you cannot change the owner.

How to get a mortgage to build a house secured by land

The assessment is carried out by the borrower, it can be an independent search for an expert, or the bank will advise you to contact a certain company. The specialist goes to the site, examines the object, takes measurements, and then draws up an act, in which the market price of the object will be written. The cost of assessing an object may turn out to be 10-15% less than what you expected.

One of the reasons for this is that the assessment takes into account the approximate further costs of upgrading the object. The appraisal certificate will be valid for 6 months.

If you initially understand that the money allocated by the bank is not enough for you, you need to discuss the situation with the bank in advance and come to a decision together. And the solution is most often one - the gradual replacement of collateral.

Conditions for obtaining a mortgage for the construction of a house

According to the rule of banks, a citizen should spend no more than 50% of the income received on making a monthly payment.

The bank, studying the application of the borrower, to determine the maximum amount of issuance, considers not only the appraisal act, but also the borrower's income.

Banks are allowed to attract co-borrowers, their income is also taken into account when assigning the maximum possible amount of issuance. Most often, spouses become co-borrowers.

Lending programs for the construction of wooden houses from banks:

in Sberbank you can get a loan for building a house with a down payment of 15%. The mortgage may be a land plot or other personal property of the borrower;
in the Bank of Moscow, you can get such a loan without a down payment. Only a land plot can act as a pledge;
in Zapsibkombank you need to pay 20% of the first installment, only a land plot can be a pledge.

Required Documentation

income statements;
confirmation of employment;
documents for the deposit.

The most important part of the package of documents is an estimate for construction or a contract with a contractor.

Most often, a construction loan is provided not in full, but in tranches, which is more beneficial for the borrower.

Independent construction without a contractor

If you want to get a loan for the construction of wooden houses, prepare yourself for the laborious process. A loan is very difficult to process, banks very carefully check the borrower, the collateral object and the project itself.

The rate on a loan to build a house will be slightly higher than with a standard mortgage, this is due to the increased risks of the bank.

Rate in rubles *

Credit term

A distinctive feature of providing a mortgage for the construction of a house is the ability to use existing real estate as collateral, and not purchased. This condition is especially relevant for those clients who need money to build suburban housing.

Mortgage loan secured by existing real estate: the main objectives of obtaining

Mortgage in the bank "Rosbank Dom" is issued for:

construction of a residential building;

purchase of finished housing - an apartment in an apartment building or suburban housing (including with a land plot);

purchase of an apartment during the construction phase;

purchase of a land plot;

acquisition of a house under construction (including with a land plot).

As part of this program, you can also purchase non-residential premises - ready-made apartments. But the most popular option today is a loan for the construction of a residential building. For the rest of these purposes, as a rule, there are separate mortgage programs that are issued against the security of the acquired property.

Information on the borrower

Citizenship: doesn't matter

Age: 21 years old at the time of applying for a targeted loan secured by real estate and not older than 65 years old at the time of full repayment of the mortgage for construction;

Employment: both employees and founders and co-founders of companies and individual entrepreneurs are credited;

Co-borrowers / guarantors: up to 3 people can be co-borrowers, both from among relatives and any third parties;

Military ID: not required.

Real estate information

When pledging the acquired / existing real estate:

The building in which the object is located should not be registered for major repairs, demolition or reconstruction with resettlement;

The property must have a separate kitchen and bathroom;

The final decision on the compliance of the collateral with the requirements is made by the bank.

Information on insurance

Mortgage for construction: conditions for issuing a mortgage loan

To date, the bank has the following conditions for issuing a loan for real estate construction:

loan term from 3 to 25 years;

base interest rate – 7.89%* per annum;

amount - from 300 thousand rubles. - for regions and from 600 thousand rubles. – for Moscow and the Moscow region;

loan amount - no more than 65% of the value of the existing property.

A mortgage for the construction of a house from Rosbank Dom can be issued with the involvement of co-borrowers - up to 3 people. They may or may not be related to the principal borrower. To receive money for the construction of a house, a bank client must provide documents confirming the intended use of funds.

Who can take a loan for building a house: a list of requirements for the borrower

Customers can get a loan for building a house on loyal terms, for example, without a down payment. It is enough for the borrower to have a confirmed income and meet the age requirements, namely, to be no younger than 20 and no older than 65 years old on the date of full repayment of the debt. The nationality of the client does not matter.

A mortgage for the construction of a private house is issued only on the condition that an apartment is provided as collateral. If the purpose of lending is the purchase of apartments, then ready-made apartments, which are owned by the borrower, should act as collateral.

Before applying for a mortgage at the construction stage or for the purchase of finished housing, it is important to remember that the property pledged must comply with the following bank requirements:

The apartment is located in a building that is not subject to demolition, reconstruction or major repairs. A prerequisite for a mortgage under construction is the presence of a separate kitchen and bathroom in the housing.

The apartments are a separate room, located on the above-ground floors and have central communications. Details of obtaining a loan for housing construction can be found in the General Loan Conditions. Here is a complete list of requirements for apartments.

Learn more from our specialists about the conditions for obtaining money for building a house, the features of obtaining a loan without a down payment secured by existing real estate.

* Lending conditions affecting the total cost of the loan (as of March 17, 2020): rates of 7.89% -11.14% for customers whose salary account is opened with PJSC ROSBANK, with a loan amount of 35% of the market value pledged real estate, commission in connection with a decrease in the interest rate under the agreement of a one-time payment in the amount of 1% to 4% of the loan amount (depending on the terms of the loan agreement), life and health insurance, property and the risk of loss (restriction) of ownership of it (the borrower has the right not to insure these risks), and depending on the credit history, loan term (3-25 years), work activity, level of education, number of participants in the transaction, location of the collateral, type of income and the ratio of income to expenses. Before confirmation of the intended use of the loan, the rate increases by 2%. Loan amount from 600,000 rubles. for Moscow and the Moscow region, from 300,000 rubles. for other regions. Appraisal and insurance costs - in accordance with the tariffs of appraisal and insurance companies. PJSC ROSBANK reserves the right to change any part of this message without prior notice. The bank has the right to refuse to provide a loan. PJSC ROSBANK General license of the Central Bank of the Russian Federation No. 2272 dated January 28, 2015

Check out the loan product of Rosbank

If you are tired of living in an urban concrete box and want freedom, start building a house with a mortgage program.

Buying a home is one of the most important purchases for any family.

Most residents of big cities are beginning to seriously think about moving to a quieter place, outside the city.

Here we are talking about a complete move, with permanent residence. Around will be surrounded by clean air, no neighbors behind the wall, as well as various earthly goods like a river, a lake, a reservoir.
For example, for the same money, instead of a 2-room apartment, you can build a beautiful country house, which will be 1.5-2 times larger in area than an apartment. Also, depending on the size of the plot, over time it will be possible to complete the construction of a bathhouse, a gazebo, make a pool, attach a garage, and trees can be planted on the remaining part.

Who would refuse to live in such a house? And all this away from the boring city bustle.

Loan for the construction of a cottage

Of course, not everyone needs a full-fledged country house. Most people want to have just a small country house or garden house. In this case, you can also take a loan.

Sberbank offers a loan for the construction of suburban real estate, for its purchase, as well as for the purchase of a land plot. The minimum amount is 300,000 rubles. After all, the average cost of summer cottages in the regions varies from 300,000 rubles.

If you already have a land plot, you can take out a loan to build a country house. Such loans are issued by more reliable banks - Sberbank and Rosselkhozbank, which offer the most favorable conditions and long terms (up to 25 years).

According to the terms of the bank, the collateral is:

existing real estate, which is privately owned by the client;
already existing land, and the category of land should be individual housing construction;
a piece of land to be acquired and a future house to be built on it;
movable property of the client;
maternal capital.

Do they give a mortgage to build a house?

Unfortunately, there are very few bank offers. A home construction mortgage is one of the most risky types of mortgages for a bank, and therefore the requirements are more stringent.

The main risk is a case of unfinished construction, which automatically reduces the liquidity of this building to a minimum. To compensate for its risks, the bank requires a maximum of collateral obligations, often co-borrowers are required.

Recall that the December 2014 instability in the banking sector forced almost all banks (including Sberbank) to curtail mortgage lending programs for home construction. Only on May 29, 2015, information appeared on the Sberbank website about the resumption of the mortgage lending program for a private house called "Construction of a Residential House".

Requirements for the building object

Unfortunately, you can't just go to the bank and ask for a loan to build your dream home.

The bank must make sure that your construction is a realistic process, and that there will be no problems with putting it into operation in the future. It is you who will have to convince the bank of this, and this is done not with colorful speeches, but with real documents in the form of permits, plans, projects and approvals.

The construction of the house must take place in accordance with the procedure established by law. Initially, you need to obtain all the permits, order a project that needs to be approved, so that after the completion of construction, when putting the house into operation, there will be no problems.

The bank pays special attention to your land plot. If it's your property, great, if it's leased, it's not bad either (the only thing is, then it can't act as collateral). The land must be suitable for housing construction. It is good if there are already engineering communications connected to the site. Documentation on the land plot should be as complete and ready as possible for registration of ownership of the object. If construction work has already begun on the site, and at least a foundation has been erected, then in order to obtain a mortgage, it is necessary to register an object of unfinished construction.

Site requirements:

The land plot must be located at a certain distance from the location of the creditor bank;
The category of land of the mortgaged plot must be exclusively "land of settlements" and intended for individual housing construction, farming or for summer cottage construction;
The site must not be encumbered;
If there are buildings and structures on the land plot, the borrower's ownership of them must be necessarily reflected in the Unified State Register of Rights to this real estate;
If the land plot belongs to the right of shared ownership, then all owners will be required to act as pledgers.

Ways to finance the construction of a house with borrowed funds

Target credit for construction.

It is quite difficult and long, a lot of nuances and obstacles. You can get the first tranche of money, clumsily confirm its use and lose the second part of the money. This can freeze construction. Also in this option, it is required to confirm the availability of a down payment. The bank can only give 70-80% of the estimated cost of the future home.

Loan secured by land.

If you already have a plot of land, this makes things much easier. Of course, they won't give a lot of money for a plot. But it can be an additional source. Perhaps you have additional savings, which will also facilitate construction.

Loan secured by real estate.

This is a more serious step. You can mortgage, for example, your apartment to receive a significant amount of cash. Banks approve a maximum of 80% of the market value of the mortgaged apartment. This amount may be enough to fully finance the construction.

Transport loan.

If you lay down transport, you can also get a good amount. It must be remembered that the bank will value the car at 60-70% of its market value. At the same time, there are both loans in car pawnshops and in banks. Loans secured by transport are ordinary general purpose loans with collateral. Almost every major bank has them.

Use of maternity capital.

It can also be used for construction.

Consumer loans without collateral.

It is possible and even better to take out several loans. Construction is hard work. Well, of course, if there are savings. Again, a large amount of money will not be given unless you give the bank something as collateral. If you do not want secured loans, then you can offer the following scheme: own savings + consumer credit for 1-2. We built part of the building, paid off the loan, take a new one. Construction, however, will be delayed, but it is relatively safe from the point of view of debt servicing.

The scheme for obtaining a loan for the construction of a house in 2017

Schematically, the process of registration and obtaining a mortgage for the construction of a house (Sberbank is given as an example) looks like this:

Making an application to the bank;
Providing the necessary documents for the down payment (account statement, check);
Receipt of the FIRST part of the loan money;
Spent amount report;
Receipt of the SECOND part of the loan money;
Registration of ownership after the completion of construction;
Transfer of the constructed house as collateral to the bank to reduce the interest rate.

What documents are required?

Documents that will be required:

Passports (your, spouse or spouse, as well as those who are co-borrowers and guarantors) - copies with registrations;
Certificate of employment indicating income;
All papers relating to the pledge (certificate of ownership of land or other housing);
Construction plan of the future house and other documents for it;
Down payment (evidence that it exists);
Certificate of marriage and birth of children, if required.

The bank may require additional papers on an individual basis (certificate for mother capital, certificate of account status, military certificate, etc.).

Is the mortgage recipient at risk?

Many people are concerned about possible risks, which are the main obstacle in obtaining a mortgage. The greatest worries are connected with the fact that in the case of a pledge and in the absence of the ability to pay monthly installments, a person loses his own property. But this situation can be looked at from the other side. In the event that the owner of the mortgage loses the ability to pay monthly installments, he has the opportunity to resell the unfinished private house. The demand for such real estate is quite high for our market. And an unsecured mortgage is easy to re-register for a new owner. In this case, you will not lose absolutely anything and the risk is reduced to an absolute minimum. Making a mortgage is a very profitable and worthy offer for those people who need this money. Due to them, you can build and equip your new home. Just be more careful when studying the mortgage offers of different banks. Choose the mortgage that is more favorable in terms of terms and will give you the least inconvenience.

Many have heard the phrase more than once: “A real man must do three things in his life: build a house, plant a tree and give birth to a son.”

But what to do if there are already children, a tree has been planted, but there is no money for the last item?

What if you want to move into your dream home, built according to an individual plan? To make this dream a reality, you can try to take a mortgage from a bank to build a house.

Which banks issue it, under what conditions and how to draw up a mortgage agreement?

Types of mortgage loan for housing construction (private house) in 2020

In Russia, there are three types of loans, on the basis of which a client can be given money for the construction of a residential building:

Mortgage. The borrower is given money on collateral. Real estate, such as land owned by the borrower, acts as collateral. Unlike other forms of credit, mortgage interest rates are lower than other forms of credit.
Targeted loan. According to the terms of this type of lending, money is issued to the borrower specifically for specific purposes. To obtain a targeted loan, the borrower will have to collect a large package of documents, unlike mortgage lending.
consumer credit. Money is given to the borrower for any purpose. However, unlike the previous two methods of lending, high interest rates are set on consumer loans. In addition, the bank issues a small amount for this type of loan, which is often not enough to build a house.

Mortgage for building a house today is the most common lending program for Russians. To obtain a mortgage, a bank client has the following requirements:

Mortgage for real estate construction is issued in parts, not in full amount at once. That is, the bank gradually transfers funds to the borrower, and he pays, buys materials, etc.

Preferential loan for the construction of a private house

In state-owned Russian banks, for the construction of a house, certain categories of citizens are provided with benefits under the mortgage lending program:

young married couples - if the age of at least one of the spouses is less than 35 years;
families with three or more children;
military.

Benefits can be expressed in the following:

the loan term is increased;
the interest rate goes down;
There is a possibility of deferred payment.

When it comes to borrowing money for the construction of a house, the borrower must indicate in the application where he plans to spend the money. Then the bank decides to give him a loan in installments.

When the client receives the first part of the loan and he needs the second half of the money, he will be obliged to submit to the bank that issued him a mortgage, a report on the spent first part of the mortgage funds.

How to get a mortgage to build a private house? To obtain a mortgage for the construction of a house, a potential borrower must complete the following steps:

If the borrower builds a house on his own, then the mortgage funds are transferred to the borrower in the form of two tranches. If the contractor is engaged in the construction of housing, then the funds are transferred in one payment (the entire amount is immediately transferred to the contractor's current account).

In order for a bank employee to consider the application of a potential borrower, he needs to prepare the following package of documents and attach it to the application form:

This is a standard package of documents that the client must prepare for the bank. The bank works individually with each borrower, therefore, for certain categories of the population, additional documents may be required, for example: TIN, certificate of the military or participant in the savings and mortgage system, certificate for maternity capital, passport, marriage certificate, birth of children, etc.

Requirements for the land where the borrower plans to build a house

Before approving a client's application for a mortgage agreement for issuing a loan for building a house, the bank carefully checks the documents for the land where the potential borrower plans to build a house.

So, one of the prerequisites is that the client has land ownership rights. The site itself must meet the following requirements:

land must be classified as "land of settlements";
the site should not be under arrest, mortgaged, etc.;
if there are any buildings or structures on the site, then the owner of this land must have the appropriate documents for the following types of buildings: ownership (extract from the USRN);
if the land is owned by several people, then all the owners of the shares must act as mortgagors.

Can I get a mortgage to build a private house without a down payment?

One of the conditions for taking a mortgage for the construction of a house is the payment of a down payment. This rule exists in all banks, including such large ones as Sberbank, Gazprombank, VTB 24.

The fact is that the payment of the down payment is a guarantee that the client will really start building a house, not only at the expense of the bank's money, but also for his savings.

Maternity capital can be used as a down payment.

The question is not which bank issues a mortgage, but where the optimal interest rate for the client is provided, a suitable loan term is issued and the minimum amount of the down payment:

Do they give a mortgage for the construction of a house, if the future house will be the object of collateral?

No, you can't mortgage a house that doesn't exist yet.. The borrower can mortgage the land where it is planned to build a house or other real estate that belongs to him by right of ownership, such as an apartment.

It is worth noting that in some situations the bank may accept an unfinished object as collateral. But these are rare cases, and here we are talking about those situations when the bank understands that the building will be ready soon.

Also, the bank can reissue the mortgage agreement, indicating the built house as collateral.

No, no bank will issue a mortgage to a client without documents for a land plot. To obtain a home construction loan, a borrower must:

Buy a plot (the land must be located in the right place).
Make a project for the construction of housing, turn to specialists to calculate the estimate for construction.
Apply to the bank for a mortgage.
If the bank has accepted the application and approved the process of obtaining a mortgage, then the client will have to start building a house within 3 months. And for this he needs to obtain permission to build real estate.

If your financial capabilities do not allow you to build a house right away, then you can take advantage of the possibility of obtaining a mortgage to build a house.

This type of mortgage is issued for the construction of a residential building on land intended for individual construction. The land must be owned or leased.

The peculiarity of mortgage lending for the construction of a house is that the borrower must submit a pledge to the bank, which can be real estate owned by him.