Which bank a young family can get a loan to build a house ?

About that live in his own house is comfortable and cool, no one will argue.But where to get the money to buy or build, especially if you have family started only recently and have not yet amassed capital?Postponing the purchase of their own homes for years or even decades?But I want to live comfortably now, and educate their children better "family nest» ...

Now, many banks and government organizations offer loans to build a house on the variety of conditions for young families who want to acquire housing.However, most programs designed for the purchase of an apartment or house, because construction - a process not a quick and risky, but in the case of the acquisition of finished housing, and it also serves as a guarantee.The queue to receive subsidies from the federal or regional sources takes years, or becomes a prerequisite for construction of houses in the province, while it would be desirable closer to the city.

Still, there are options.One of them - the target loan to build a house in the bank, calculated for a young family.If it is able to get, then you can build a house where you want, and no one will be interested to see if you have "extra" square meters per family.

What kind of family considered "young"?

To get started is to decide whether your family falls under the definition of "young".Criteria in different programs and in different banks are similar, although there may be features.

• According to the legislation, is considered a young family in which one of the spouses at the time of conclusion of the contract are under 30 years old (in some banks, such as Sberbank, the upper age limit pushed up to 35 years).
• Most loan programs require the participation of both spouses as co-borrowers.

What is needed?

, you have to confirm the level of income to get a loan for the construction, ie,your official salary should be high enough.Some banks require a guarantor, in the role that parents can act either spouse or employer.

If the loan is taken directly to the construction of a house, the bank will require the project and cost estimates approved by the competent authority.As a rule, the bank issues a loan secured by the land and future borrowers need to be its owners.You also need to have part of the amount required for the construction, most often, it is not less than 25%, which the bank requires as a down payment.

In general, the list of standards documents:

• application for a loan,
• passport,
• marriage certificate,
• income certificate co-borrowers,
• documents, the right to land or other real estate property,
• child's birth certificate,
• if as co-borrowers will be involved in the parents of the spouses, it is necessary and from the statement, income certificate and documents to prove this relationship.

credit

Terms widest range of mortgage offers Sberbank.A young family can take on preferential terms is one of the standard loans:. "Mortgage", "Mortgage +" or "Credit to real estate"The preferences consist in the fact that, as a co-borrower may be asked to speak of their parents, then the amount you may receive significantly increased.

Another bank, releasing young families - VTB24.In the calculation of comprehensive income may be included not only wages the young couple, but also their relatives with a statement from them.As Sberbank perhaps premature repayment of the loan without penalty and a delay of 3-5 years on payment of the principal amount.

Termsloan young families can vary not only in each individual bank, but also in the branches of a bank in different cities.The best way - to prepare a certified construction project and cost estimates, to resolve all issues with the documents on the ground and only then contact the largest.

Why be ready?

of the loan conditions for the construction of homes have some features.Money is most often issued in parts, according to the loan agreement, for each stage.Before the issuance of the next tranche of the bank officer will come to the site to assess the progress of the work and how funds are spent as intended.

Before you contact the bank for a loan, it is necessary to clarify whether there is in your area of ​​social assistance programs for young families in the acquisition or construction of property, and what are their conditions.Participation in them can save significant money in the family are not redundant.