How to get a mortgage with a small official salary. Mortgage with a small salary Where to get a mortgage with a small salary

Payment of wages “in an envelope” is a common phenomenon. It is more difficult for a person whose work is rewarded in this way to get a loan, including a mortgage, but “difficult” does not mean “impossible.” We'll tell you how to get a mortgage if your official salary is low.

A solvent borrower – who is he?

Any bank as a credit institution is interested in providing loans, including mortgages, to the maximum number of clients. If he decides to refuse a mortgage loan, there are 1-3 of three good reasons for this:

• the client is unable to guarantee the bank a refund borrowed money none of the methods described in this article below;
• the total income of the borrower’s family is below the indicators provided for by law, according to which all funds or the lion’s share cannot be spent on repaying the loan;
• a large financial institution already has enough mortgagees with confirmed “white” income, and it does not want to enter into loan agreements with clients whom he considers not entirely trustworthy.

Point 2 requires a detailed analysis - what kind of confirmed income will be considered sufficient to obtain a mortgage loan?

This amount varies depending on the subject of the federation where the person wishing to take out a loan lives, and depends on the following indicators:

• official living wage;
• number of family members;
• mandatory monthly expenses.

The amount of the monthly loan payment should not exceed 40% of the net income of family Z, which is equal to Z=X-Y, where X is the total income, and Y is such constant mandatory expenses as utility bills, rent for rented housing, payment on a previously taken loan and etc.

Moreover, after deducting the mentioned 40% from Z, the remaining amount W, divided among all family members, cannot be less than the subsistence level.

The problem of whether they will give a mortgage with a small white salary will be resolved in favor of the future borrower if it is possible to prove to bank employees that the family has sufficient additional income.

How to confirm additional income

If family members have official income in addition to the salary at the main job of the head of the family, they can be documented without difficulty:

• salary from a part-time job - the same 2-NDFL certificate as from the main job;
• pension - a certificate from the territorial branch of the Pension Fund of the Russian Federation;
• student scholarship - certificate from the university;
• income from valuable papers– an extract from the register of shareholders or a certificate from a broker;
• income from the rental of real estate ( Vacation home, garage, etc.) or movable (car) property - a copy of the lease agreement and receipts for receiving money from the tenant;
• alimony, social benefits, maternity leave and other sources - with a corresponding certificate.

Unofficial earnings from freelancing or other work without formalizing an employment relationship can be legalized by filing a tax return at the end of the year and paying a 13 percent personal income tax on earnings. A copy of the declaration, signed by tax officials, will serve as strong evidence of income received.

If the remuneration for such work is transferred by customers of services (employers) to bank card, a card statement will allow you to confirm your income. It is very good if the issuing bank is the same financial institution from which the client is going to take out a mortgage.

An employee with a small “white” income can try to negotiate with the employer about a 2-NDFL certificate, which indicates the full real amount of remuneration for work. After all, this document is intended exclusively for a credit institution, which will not transfer the information received to tax office.

There is a down payment - there is a mortgage

Chances of receiving a positive decision from the bank on an application for mortgage significantly increases high an initial fee. The higher the amount that the borrower is willing to pay immediately, the more loyal the lender will be to him.

A down payment of 10-20% of the mortgage loan amount is most often a prerequisite for obtaining it. A mortgage without a down payment, firstly, is rare, and secondly, it is provided with a much higher interest rate on the loan.

There are at least four sources of down payment:

• own savings (savings);
• loan from relatives or friends;
• maternal capital;
• consumer loan.

If own funds is not enough, the mortgage applicant can borrow the missing amount from relatives or good friends for a significant period and without interest.

Maternity capital is a one-time state assistance to a Russian family that has a second child (natural or adopted). It is provided in non-cash form, and the family has the right to use these funds to improve their own living conditions, including payments on a mortgage loan, incl. an initial fee. To exercise this right, you need to contact the branch of the Pension Fund of the Russian Federation at your place of residence.

Finally, the borrower can take out a personal loan and use those funds as a down payment on a mortgage loan. But before you decide to take this step, you need to carefully calculate your solvency - whether you can make monthly payments on two loans at the same time, and whether the bank will approve a mortgage for a client who is already paying off a consumer loan. In a difficult situation, you can even seek advice from a credit broker.

It will not be possible to hide the presence of an outstanding consumer loan from the financial institution where you plan to take out a mortgage, since it will be recorded in the borrower’s credit history.

Co-borrowers or guarantors?

A client with a small salary has the right to count on a mortgage loan if he finds wealthy citizens who agree to act as co-borrowers or guarantors.

Co-borrowers can, as a rule, be up to three solvent and capable persons who do not have a criminal record or other problems with the law, and are not burdened with other obligations to banks and other creditors.

Not only a relative of the person in need of a mortgage is suitable for the role of co-borrower. Moreover, the status of a co-borrower does not this person automatically the shareholder of the acquired real estate and does not give him other rights of the owner (possessor).

One or two persons act as guarantors for a mortgage; sometimes their presence is a prerequisite for the bank’s consent to issue a loan for real estate.

Pledge of property

Another way to take out a mortgage loan with a certificate of a small regular income is to give the bank the movable or immovable property that the borrower already has as additional collateral. This could be a car, apartment, house, cottage, garage, land, etc.

The bank will agree to take the property as collateral and issue a mortgage loan, but only on the condition that the proposed property is liquid.

For example, an apartment in apartment building classified as a dilapidated housing stock, or a car with high mileage, produced more than 10 years ago, cannot be the subject of collateral.

In addition, the borrower will have to bear the cost of appraising the property that he will offer as additional collateral. It is recommended that you first check with the bank which appraiser’s services are best to use – the credit institution itself or third-party specialists.

Preferential mortgage

Preferential mortgage program is also a chance to improve living conditions. Such programs are not only federal, but also regional. They are being implemented to provide housing:

• military personnel;
• state employees;
• young families;
• large families;
• low-income citizens.

A military mortgage is available to a person who has served in the Russian army for at least three years. Its registration must begin with a report to the commander of the military unit; details are set out on the official website of Rosvoenipoteka.

For civilians to receive preferential mortgage must be on the waiting list for new housing. You should contact the housing department of the city administration and obtain confirmation of your right to benefits, and then contact the bank that issues mortgage loans under preferential programs.

A mortgage loan is sometimes the only way to buy residential real estate. But to apply for it, banks put forward very strict requirements for credit history, work experience and level of earnings. In 2019, there is practically no clear framework for the amount of monthly income, since the credit committee takes into account not only it, but also a number of other factors. Let's take a closer look at how to get a mortgage if your official salary is small or completely absent.

What to do and is it possible to get a mortgage with a small official salary and no guarantors?

Initially, obtaining a housing loan was fraught with a lot of difficulties - for all programs, lenders established strict requirements in terms of income level and length of service. Today, conditions are softer - banks develop products taking into account the individual capabilities of clients of various categories. Therefore, take out a mortgage with a small official salary It is possible without guarantors.

Available options:

1. Take a certificate from your workplace about your level of earnings in the form of the bank. 2NDFL reflects official income; in the certificate on the form of a banking institution, the employer can indicate the real salary, including the salary.
2. Apply for a mortgage as part of a product that does not require the provision of documents on salary and employment. The disadvantage of the programs is the high down payment - from 40-50% of the cost of the purchased housing.

The first option is suitable if the borrower receives most of the salary “in an envelope”. Banks are loyal to such labor relations between individuals and commercial organizations. Sometimes financial institutions accept certificates drawn up according to the employer’s form. The second option will allow you to take out a loan if your unofficial income is high or you have your own savings, for example, from the sale of a previous apartment.

The conclusion is the following: you can take out a loan if the individual actually has sufficient income. If your income is low, both according to documents and in fact, applying for a loan should be called into question. Such obligations can lead to complete bankruptcy.

Mortgage debt ratio

There are no strict limits on the amount of wages. Credit sector specialists develop complex formulas and calculate the mortgage debt ratio (Kr).

Kz – the share of the total cost of the apartment that the bank is willing to lend. For example, in Sberbank it is 85%, and 15% is the down payment.

There is also an additional coefficient - the ratio of the loan to the estimated value of the collateral. Banks calculate it independently and are guided by this value when analyzing whether income from the sale of real estate will cover the loan debt if the borrower is unable to fulfill his obligations.

To get a housing loan with a low official income, a potential client needs to reduce the Kz indicator. The second coefficient will increase, and credit risk bank will become minimal. Accordingly, the chances of getting approval are maximum.

What salary should be to get a mortgage?

The classic formula for calculating the minimum income that banks use looks like this:

Minimum earnings = minimum subsistence level (established for the region where the borrower lives) * number of family members + monthly payment amount.

For a mortgage loan in the amount of 2 million rubles, a family of three will need:

RUR 16,160 (min. living wage for Moscow residents) * 3 + 20,644 rub. (mortgage payment at 11% for a period of 20 years) = 69,124 rubles. will be the minimum wage. For one person, the figure will drop to 34,407 rubles.

With a high down payment, the requirements for the level of total monthly income are reduced.

You can also make the calculation using an online calculator. For example, let's look at the official website:

Having existing loans or a second mortgage will increase the minimum earnings by the amount of the monthly payment.

How to get a mortgage if your official salary is low

Sometimes the employer pays part of the earnings “in an envelope”; these incomes are not reflected in 2NDFL. In 2019, issuing mortgages without 2NDFL is standard practice for banking institutions. To maximize your chances of receiving an approval decision with a “gray” salary, the following will help:

• Salary certificates in the form of a bank or on the official letterhead of the employer.
• Confirm your income with a card statement (salary, debit).
• Contact the bank to whose card the salary is transferred. For existing clients, financial institutions nominate loyal demands, especially to participants in the salary project.
• Obtain a guarantee from the employer, with his consent.
• Exclude from the list of co-borrowers an official spouse with a damaged credit history.
• Close all small loans and microloans before applying for a mortgage.
• If credit history was spoiled by delays, then before submitting the application for consideration, take out 2-3 microloans and pay them off on time, apply for a credit card with any limit and pay off the debt in a timely manner.

The bank will pay special attention to the reliability of the employer, credit history and liquidity of the acquired property.

How to get a mortgage if you have no white income

In the absence of even a small official income, with the maximum probability of approval, a mortgage can only be taken out if there is a high down payment - from 50%. If you have a good credit history, you can take out a loan under the “Mortgage on two documents” loan program. Today such products are provided by Sberbank and Rosselkhozbank.

You can reflect your income using a bank certificate. As in the case of “gray” salaries, the reliability of the employer and length of work experience will be one of the determining factors. DeltaCredit is considered one of the most loyal. also provides services for selecting a suitable mortgage program; its partners include more than 10 financial institutions.

If you have your own real estate, deprived of encumbrances and the rights of minors, it can be pledged. This loan program is called “Mortgage secured by your own property”; its main difference is the absence of a down payment. If the property's appraised value is higher than the required amount, your chances of getting a loan increase. The assessment is carried out according to established regulations, and the final price often differs from the market price.

Income taken into account other than wages

Salary is the main source of income that the bank takes into account when considering an application. Additional financial receipts can be confirmed at will. This will increase your total income maximum amount for issuance and will reduce the loan rate.

Additional sources of income for banks include:

• Pension contributions for old age or health reasons, other payments from the state.
• Earnings from part-time employment.
• Alimony.
• Dividends.
• Interest accrued on deposits and metal accounts.
• Profit from investment activities.

If the borrower is individual entrepreneur or the founder/co-founder of an LLC, the assessment of solvency is carried out in a different way. The Credit Committee takes into account financial condition business: income, profit, profitability.

Certificates from employers and other income received by the borrower as an individual are not considered when applying for a commercial mortgage. The solvency assessment is based on:

• on financial statements;
• period of activity;
• presence of debts.

Features of real estate loans within commercial banking products are characterized by more stringent down payment requirements.

Where to get a mortgage without an income certificate

According to two documents, mortgages are issued by several banking institutions, including leading leaders in their industry. To sign the agreement, you will need a loan application form, a passport and a second document confirming the identity of the borrower. Co-borrowers and guarantors are involved at will.

Let's consider the general conditions of the programs:

• Sberbank. The rate is from 10.8% per year, the minimum down payment is 50%.
• Rosselkhozbank. Rate from 10.25% per annum, term up to 25 years, down payment for a house with a plot - 50% of the cost of the property, 40% for apartments (secondary or primary housing).
• VTB, product “Victory over formalities”. Minimum annual interest– 10.6% per year, the minimum down payment for new buildings is 30%, for secondary real estate – 40%. Suitable for refinancing mortgage loans.

It is important that these products do not have additional fees or conditions; loans can be repaid ahead of schedule or refinanced. Their only difference is the high down payment. Moreover, its presence must be confirmed in advance, for example, by depositing funds into a bank account.

Calculation of mortgage amount based on salary

Potential borrowers can make preliminary calculations on their own, for this they need:

1. Find out the cost of living in your region. It differs for different cities. The level is regulated by local governments, so it is necessary to refer only to official data.
2. Take into account all family members and dependents.
3. Know the approximate size of the loan payment.

The last point is changeable. The longer the contract, the lower the monthly financial burden for the family budget. In other words, if you have insufficient income, it is enough to take out a mortgage not for 10 years, but for 15 or 20. If you have available funds, borrowers can always repay the debt ahead of schedule (in part or in full). Today, banks do not limit clients in terms of amounts or terms; you can deposit 1000 rubles, 100 rubles or 10,000 into the account.

You can use a special service - an online calculator. It is available on every bank website.

It is enough to indicate the salary level or the total income of the borrower and co-borrowers and go to the “Calculation by income” tab. The system will automatically calculate the loan amount, minimum down payment, and monthly payment amount.

Please note that all calculations made in loan calculators are preliminary. The minimum value is taken as the base rate, which can be increased after the bank reviews the mortgage application form.

Conclusion: you can take out a mortgage with a low official salary or without it, but only if you have high actual income. The exception will be those cases when individual sells the existing apartment, making this money as a down payment. Having a large amount on hand, covering 30-50% of the cost of a new home, clients fall under the “By two documents” mortgage program and may not confirm earnings or employment.

If the client does not have the required level of income, the bank will not approve the mortgage due to insolvency. It is not recommended to falsify documents - this is a violation of the law. The best option– find co-borrowers. The bank will take into account the earnings of each party to the agreement, and the decision may be positive.

Will they give you a mortgage with a gray salary? Answers to all questions in the following video:

Feb 9, 2019 Help manual

You can ask any question below

The leading bank of the Russian Federation is a leader in issuing mortgage loans. Its housing programs are popular among Russians, who are attracted by lower rates and a variety of promotional offers. At the same time, the bank adheres to strict principles when checking applicants for loan funds. Future borrowers are always interested in the salary at which they can get a mortgage from Sberbank. It is worth paying attention to this issue, since for most Russian citizens, obtaining a housing loan is the only chance to buy a long-awaited home.

When applying for loans, salary is regarded as the main source of income for clients

Credit institution considers each application for a housing loan on an individual basis. But when calculating the loan amount and monthly payments, the following applies to all applicants: general rule– their monthly income must be 2 times the size of the monthly mortgage payment. The best option is when monthly payments are 40% of income. In this case, not only the size of the salary is taken into account, but the amount of the balance after subtracting mandatory payments: deductions for other loans, alimony or other obligations.

The bank is guided by strict regulations - expenses on the client’s loan obligations should not exceed 40-50% of his official income.

Conditions for providing a mortgage at Sberbank: age, salary

When applying for a mortgage, a potential borrower is required to provide information about his financial situation and level of solvency. It should be noted that Sberbank takes into account only official income confirmed by a 2-NDFL certificate. This document will be the basis for calculating the loan amount and monthly debt payments.

To confirm income, clients provide certificates of the established form

Under any of the mortgage programs, the borrower has the following requirements to receive a loan:

• the applicant’s age is at least 21 years old, but not older than 55 years for women and 60-65 years for men;
• loan repayments must be completed before age 75;
• maximum loan term – 30 years;
• the minimum down payment is 20% of the cost of the purchased home;
• In the case of the lender's equity participation in the construction of a residential property, discounts are provided.

Minimum wage

Applicants for a home loan often do not see the difference between the minimum income required by the bank to obtain a loan and the income that is needed to smoothly pay off the mortgage. And very often they consider it one and the same thing. A sufficient level of earnings to repay means that in case of any life troubles and financial problems that may arise during the term of the contract, you will be able to continue to fulfill your obligations under it.

Based on the cost of living and housing prices, the minimum salary of a borrower for approval of a mortgage at Sberbank is 40 thousand rubles. But this figure is conditional. It is worth considering the region of residence: the cost of living and housing prices in different areas differ greatly. The salary of other family members is taken into account when calculating the loan amount only when they act as co-borrowers.

What borrower income is taken into account?

It is now not uncommon for mortgages to be issued with payments amounting to more than half of the client's monthly earnings. When assessing solvency, the bank takes into account only the “white” salary, but at the same time believes that the borrower may have other undeclared income.

"White" salary

The ideal option is official employment with official earnings. Already during the first visit, the loan specialist will require documents to confirm them - a certificate in form 2-NDFL (for the last six months) and a work record book. Based on them, the lender is convinced that the applicant has a stable and official income. The documents are sent for verification, and the future borrower undergoes automatic scoring.

"Gray" salary

If it is not possible to provide a 2-NDFL certificate, then you can try to convince the bank of your solvency in other ways: provide a certificate from work in the bank form, statements of deposits or bank accounts, evidence of dividends from participation in business, securities. Not all of these confirmations will be accepted by the bank, but it is worth using this opportunity. But in this case, the client expects a more stringent check.

Recently, Sberbank introduced mortgage programs, allowing you to apply for a loan without proof of income using only two documents - a passport and another identity card. But this lending has its downsides:

• the interest rate will be higher than the base rate;
• down payment – ​​from 50%;
• credit history must be perfect.

How to verify your income

Sberbank calculates the mortgage amount based on the income of a potential borrower based on official data. This is a 2-NDFL certificate for the last 6 months. But having high salary, not all borrowers can provide such a document. In this case, you can provide help established by the bank form. The certificate states:

• the fact that the citizen works for at least six months in this company (indicating his position);
• amount of income;
• Company details and contacts for information verification by the bank's security service.

The certificate is confirmed by a “wet” seal and the signature of the manager.

In case of additional income, the bank does not require documentary confirmation, but it can be indicated in the application. This data will also be checked.

How does a bank evaluate mortgage income?

To assess the client's solvency, the bank has a scoring system. A computer program processes the application form filled out by the applicant and assigns marks in the form of points. Those clients who do not pass the solvency calculation or do not qualify based on age and work experience are automatically eliminated. Those who demonstrate good financial condition in their questionnaire receive higher scores: having a car, real estate. Increases the score availability higher education, working age and extensive work experience at the main place of work.

The security service verifies the accuracy of the income documents provided, as well as information about the employer.

What to do if you don't have enough income

The future borrower may have a situation where his monthly income is not enough to repay the debt. But a way out of this impasse can be found. And it’s optimal if you combine several methods at once. The options are as follows:

• To reduce your monthly payments, you should increase your down payment. There are several solutions to this problem. The owners of a maternity capital certificate are in a better situation; in most cases, it is used as the first payment. Not the most optimal option, which some clients occasionally resort to, is taking out another consumer loan. In this case, the “relief” of the situation will be temporary, since you will then have to repay two loans at once.
• Try to convince the lender of a longer loan term. The repayment amount itself will not change, but monthly payments will be significantly lower.
• Since the bank offers more favorable conditions and interest rates to its salary clients, it is advisable to join the salary project.
• Be sure to study all state and municipal subsidy programs, as well as promotions offered by the bank for housing loans. This will make it possible to get credit funds with a more favorable interest rate.
• You should ask whether additional income that can be documented can be taken into account when submitting an application.
• You can take advantage of the fact that it is allowed to attract up to 3 borrowers for a loan. It is important that their income is convincing to the lender.
• If you have another property, provide it as collateral.
• And the most commonplace option is to find cheaper housing to buy.

Calculate a mortgage based on salary in Sberbank

In order for the application to be accepted for consideration, it is worth deciding in advance what amount of income the bank will take into account when issuing funds. For preliminary calculations you will need to select a specific credit program and calculate the amount of monthly payments based on your existing earnings. It is convenient to make calculations using an online calculator located on the website of the banking institution. But these amounts are conditional. More accurate figures will be announced by the credit specialist after taking into account all the information received about the client himself.

It is most logical for the applicant to decide on the amount of payments that will be comfortable for him. You can start from the cost of rent that a family spends monthly. And the second option is a payment comparable to the amount of monthly savings that the family previously set aside from its family budget for a down payment.

Conclusion

Before applying for a home loan, the future borrower must realistically assess his own income in order to select the optimal conditions for lending. It is better to predict the situation in advance and take into account all the nuances: with a low salary, it is worth seeking the maximum loan period. After all, a refusal may become an obstacle to further attempts to obtain a loan.

Nowadays, real estate prices are regularly rising and for many, owning a home is becoming a pipe dream. The only way out of this situation is a mortgage from a bank.

According to statistics, low wages along with a bad credit history become the most popular reason for refusal of citizens (You can check your credit history for free via the Internet. Details).

When applying for a mortgage for preliminary verification, a bank employee in most cases will ask the potential borrower for a certificate of income for the last six months. However, specific figures for wages Banks have no requirements, although very often it is a low salary that can be the reason for refusing a loan. We will discuss further what to do in this situation.

Requirements of banks for borrowers when applying for a mortgage

Many people are faced with the question: What salary must be to take out a mortgage? As a rule, financial institutions do not specify official salaries in figures among their requirements for borrowers. But,

according to generally accepted standards, expenses for loans and mortgages cannot be more than 40-50% of the client’s salary

If, according to the documents that an individual provided to the bank, the amount does not meet these conditions, it will be difficult to obtain a positive decision on the submitted application. Some banks will immediately refuse, others may offer a smaller mortgage amount if the client’s credit history is crystal clear. Co-borrowers who also provide information about their income can also help out.

It is important to remember that the bank takes into account not only “white” salaries, but also income from securities, real estate or business activities. That is, when applying for a mortgage loan, it is important to demonstrate to the bank all sources of income.

In addition, the algorithm used by the bank for calculating monthly payments plays an important role. Annuity payments require a lower level of income than differentiated ones. Since in the first case the client pays equal shares throughout credit period, and in the second it pays in maximum interest at first, the remaining debt is further.

How much should your salary be to get a mortgage from Sberbank?

Sberbank pays attention to the client’s region of residence and takes into account the cost of living established in a specific area. However, if your salary is within the subsistence level, you should not count on approval of your application.

In general, the approval of a mortgage application is influenced by a whole range of factors:

• stability of earnings;
• the presence of property that can be secured as collateral (in this case, most banking institutions do not even request a certificate of salary, since the lender receives collateral in the form of the borrower’s real estate);
• availability of guarantors;
• “clean” credit history.

How to get a mortgage if your official salary is small?

A low salary will be a serious obstacle to getting a mortgage, but there are ways out of this situation. The client must increase the bank’s level of trust in itself for attracting a co-borrower and providing collateral. In addition, you can provide documents confirming additional types of income. For example, a lease agreement, according to which an individual receives a certain amount each month from the tenants.

Is it possible to get a mortgage without an official salary?

A mortgage with a gray salary can also become a reality. In some banks, when applying for a loan, you can provide a certificate of income in the bank's form. For the document to come into force, it must be certified at your work. But whether the employer will confirm the solvency of its employee is a different question. This confirmation may result in problems with the tax office for him.

You can also try to negotiate with management about formalizing the minimum rate, this option is also possible if there are several jobs. The main earnings will be entered into the work book, and the rest will be recorded as part-time work. The bank will take into account the total official income. Involving co-borrowers will also increase your chance of getting your mortgage approved.

Where can I get a mortgage without an income certificate?

Many banks practice issuance. These two documents are most often a passport and a second document at the discretion of financial organization. This could be a driver's license, international passport, housing certificate, TIN, SNILS.

With this option for applying for a real estate loan, a potential borrower should prepare for restrictions on the loan amount and a fairly high interest rate. Banks take risks by issuing such loans, so they try to hedge their bets. You can get a mortgage without proof of income:

In Sberbank if you are him payroll client, or under the program to support young families.

• The minimum loan amount is RUB 300,000;
• Down payment 15%;
• Interest rate up to 12.5%;
• Term mortgage lending up to 30 years old.

VTB Bank offers:

• Mortgage for a period of 20 years;
• The interest rate is not higher than 15%;
• The down payment amount is 40%.

IN Delta Credit Bank They offer a mortgage at an inflated percentage with a down payment of 40%, but for registration you only need a passport.

According to two documents in Sberbank

The down payment amount will be 50% of the total mortgage amount. Minimum mortgage size: RUB 300,000. It is possible to attract co-borrowers.

Secured by real estate in Sberbank

Another option for obtaining a housing loan without an income certificate or provided that the numbers in it are small is to have collateral in the form of real estate.

A mortgage secured by real estate in Sberbank has a number of advantages, among which it is worth noting:

• Benefits for salary clients;
• Relatively low percentage: from 11%;
• Almost any type of real estate can be used as a guarantee;
• Cooperation with a reliable bank, which is a leader in the field of mortgage lending in the Russian Federation.

The client's property will act as a guarantor for the return of funds to the bank. In case of non-payment of the mortgage, the property will be transferred to Sberbank. To complete the application, you will need to provide a standard package of documents with additional confirmation of ownership of the collateral property.

Tired of living with your parents or in a rented apartment? if you have a small official salary?

There is no legally established amount of salary or other official income sufficient to approve a mortgage. Each bank or financial institution-lender considers the issue of mortgage lending individually, taking into account many factors relating to the borrower and the property that will be the subject of the mortgage.

A positive or negative verdict on the approval of a mortgage loan for real estate depends on the ratio of the officially received salary and:

• the cost of living (set individually for each region);
• family composition: the number of able-bodied family members, the number of minors and those not working for any reason are taken into account;
• necessary costs for living expenses, including expenses of all family members for closing previously taken loans.

In a standard situation, when considering an application for a mortgage, the lender tries to approve a loan amount that does not exceed 40-50% of the family’s net total income. If the calculation shows that the funds for accommodation, food and repayment of credit debts exceed the subsistence level for each family member, then obtaining a mortgage can become a reality.

Important! The activities of each bank are specific. Some allow a loan load limit of up to 60% of the borrower’s official income, others do not take into account dependent persons (thereby increasing the “net” income). There are organizations that accept unofficial earnings “on faith,” which also increases the chances of getting a mortgage and the loan amount.

The collateral for mortgage lending is the purchased real estate

You should not hope that banks want to help the borrower. Remember, the collateral for a mortgage loan is the purchased real estate, which is essentially the property of the bank, and in the event of serious violations of obligations to repay the mortgage loan, the collateral can be sold at auction to cover all losses and expenses of the bank. Therefore, be sure to consult with a specialist before agreeing to the “favorable” conditions offered by credit institutions.

Our company is often contacted by clients whose banks refuse mortgage loans because their official salary is insufficient to repay the debt. Our experience suggests that there is a way out, the lack of large incomes is not a reason to remain in uncomfortable living conditions.

"Unified Financial Center" will always advise on the acquisition of a mortgage in complex cases, both in person and by telephone. Our mortgage brokers have worked in banks for many years, are familiar with banking tricks and pitfalls that await the borrower, so they will describe in as much detail as possible what you will have to face and what difficulties you should expect.

Mortgage loan with small white salary

There are several ways to solve the problem. Our experience suggests that you can achieve a positive verdict (approved application for a mortgage) using the following actions:

Fill out the bank's regulated form

When providing a certificate of income, you must make sure that the certificate contains information about the borrower’s length of work (continuous experience of 6 months, some banks require that the experience in one workplace be at least 2 years) and the amount of monthly salary. Usually a copy serves as confirmation work book and certificate 2 personal income tax. also in bank form data on the wages of all family members is entered, minus expenses for basic needs. Income must be sufficient to pay loan installments.

Always remember that the bank's security service can always verify the authenticity of the issued certificate and the employer company that issued this certificate.

The certificate must have a blue seal and the signature of the head of the company where the borrower works, the legal details of the company and current contacts must be indicated. The address for submitting the document is indicated on the certificate: “For submission to the bank XXX: branch, number.”

Many banks understand the realities of today, when employees receive most of their salaries in envelopes and the provided certificates indicate the official salary of the borrower, which may differ significantly from the real one. In this case, banks sometimes turn a blind eye to small official salaries and issue a positive verdict in approving the mortgage.

Attention! Heads of organizations (or business owners) often refuse to issue income certificates, citing such refusal as a reluctance to show off their income to the Federal Tax Service. In fact, the information transmitted to the bank is confidential and is not transmitted to the tax service.

Specify additional income

It is easier to take out a mortgage loan with a small salary if you have additional income and the bank allows you to include it in the general calculations. In this case, in addition to the official salary certificate, the following is added to the package of documents:

• an extract with a blue stamp from the pension fund (if one of the family members receives a pension of any type);
• a certificate from the educational institution confirming receipt of a scholarship and its amount (if there are students in the family);
• certificates of receipt of social benefits and various additional sources of income, such as alimony, maternity Money, various benefits and other types of social assistance.

Important! Providing a copy of the housing and vehicle lease with confirmation of timely payment of monthly rent also influences the receipt of a positive response to mortgage approval, even if the salary is small.

Contact co-borrowers and guarantors

If your income is insufficient to pay monthly mortgage installments, it is possible to attract third parties who will act as an “additional factor” for mortgage approval. How it works? A package of documents is collected for the co-borrower and the guarantor, and accordingly the total income increases.

The following may act as a co-borrower:

• Family member with higher salary. In this case, it is more advisable to take out a mortgage on it, since banks are more willing to issue loans to citizens with high incomes.
• Individual: friends, colleagues, acquaintances and relatives.
• Entity. For example, an employer company.

Provide your own savings as a down payment on your mortgage

The bank needs guarantees of the client’s solvency, so the borrower’s own money in the amount of 20-30% of the requested loan amount will be an excellent “insurance”. If there are enough personal funds for such a guarantee, the chances of getting a mortgage increase significantly. In a number of banks, for a first payment of 50% or more of the loan amount, they do not require a certificate of income at all.

Attention! With a down payment of 50% of the mortgage loan amount, many banks do not require income certificates at all. And in such cases, banks often make a decision to approve a mortgage with a favorable interest rate for the borrower.

How to raise your own funds

Since we are talking about an impressive amount, not every person has such “reserves”. There are several solutions to the problem:

• take out a consumer loan (or several) from various organizations;
• borrow from wealthy friends or relatives. As a rule, relatives lend without interest or with an overpayment of less than in banks;
• You can use maternity capital.

It is also possible to get a mortgage with a small salary by taking part in preferential mortgage lending. If the borrower belongs to one of the categories of “beneficiaries” who are helped by the state - a military serviceman, a young public sector specialist, the father or mother of a large or low-income family, then there is a chance to receive a housing loan on preferential terms.

Bank lending programs based on two documents: pros and cons

Bankers are aware that the salary-price ratio for real estate in the Russian Federation is quite arbitrary. More than half of citizens are unable to provide a certificate of income that meets the requirements of credit institutions.

Therefore, in the current realities, some banks have developed programs under which you can get a loan with just two documents - a passport and another identification document, for example, a foreign passport or SNILS. This is a big plus for a large number of people who want to purchase a home with a mortgage. But this “simplified” mortgage program also has its drawbacks.

Disadvantages of such programs:

• such a program provides for higher interest rate, correspondingly more overpayment;
• the down payment increases to 40-50%;
• The existing credit history is carefully checked; if there are any delays, there is a risk of refusal.

Fraud or a way out of a difficult situation: purchasing documents

Today on financial market There are services for selling documents with an “official” large salary. Citizens who want to get a mortgage with low income often use such services, believing that there is no other way out. In fact, there are a number of negative factors in this approach:

• There is a risk that the bank's security service will check the reputation of the company providing the Form 2 personal income tax certificate. The bank can also make a request to the tax office of the employer’s company and pension fund, where in case of fraud the whole truth will emerge.
• The bank can call the company using the contacts provided and expose the fraud. Moreover, there can be several calls from different phones. As a result, the borrower will be blacklisted by all partner banks.

How the United Financial Center will help you get a mortgage with a small salary

You can get it without fraudulent activities and unnecessary stress. Today in the financial services market there are offers from banking organizations that provide a mortgage loan for enough favorable conditions. Often such programs are not widely publicized and many citizens who want to purchase real estate are not even aware of them. Thanks to our extensive database of partner banks, our company can easily select a mortgage lending program, even if your income level does not reach the minimum wage or if you have a bad credit history. Experienced mortgage professionals will provide assistance such as:

• will evaluate your financial capabilities – official and additional;
• will conduct a consultation, explaining difficult moments lending;
• monitor the current offers of banks, including those that are not “advertised”, in which it is often easier to get a mortgage and at a lower interest rate;
• will help you calculate a comfortable amount and repayment terms;
• will provide legal support.

Taking out or refinancing an existing mortgage on more favorable terms without unnecessary stress and with little income is quite possible. Leave a request on the website or just call us to get free answers to all your questions today.