Not everyone has the means to purchase real estate.Nowadays, accessible loan to build a house.Most financial institutions provide such loans on the security of land or other property.That they need to minimize credit risk.
that draws attention to the lender?
Banks impose a number of requirements to the purchased objects that are under construction real estate and land.Here they are:
- Vehicles must be registered at the BTI, it must be written in the registration service as an unfinished construction.It is desirable that the house was already half-built.Summarizing communications required for the full stay, will house more than the lender.The land on which the property should not be rented.While construction is not complete, do not pass all the necessary stages of the state commission, the client will have to pay high interest rates.
- Other creditor's claim when applying for a loan for construction of houses offered for a piece of land.He should be in private ownership, it is important to equip it with the necessary communications, engagement directly to him.Banks often make decisions based on where the land is located.
loan to build a house give a few banks.However, in recent years, this segment begins to demand.Suburban real estate market is quite popular among buyers.A demand, in turn, contributes to the birth of the proposal.Before you can use such a loan, you have to weigh each step.The first payment is usually higher than in a conventional mortgage, it is not less than 30%.It is important to immediately find out about commissions.Credit for the construction of a house may be issued for different periods (from 3 to 30 years).From this, as well as on the size of the loan depends on the interest rate.
What do I need?
list of documents you need to take out a loan to build a house:
- statement of earnings of the borrower confirming its solvency.
- paper on land.
- permit for construction of the facility.
- house project.
- Other papers are necessary given the financial and credit institution to issue the loan.
example
Different banks offer their loans to build a house.Sberbank, for example, is known for interesting program, under which it provides loans to people to buy a house.As a pledge he considers credited or premises.There are two options:
- borrower makes out a loan for the construction of a private house, which will guarantee in the transaction.
- client takes money secured by other real estate, which was built earlier, and is in his possession.In this loan purpose - home building (residential).
consider the program of Sberbank is called "Construction of a residential home", it differs from the program "under construction housing" higher interest rates.The program provides a loan to build a house for permanent residence.Bank to determine the order, give credit or not, he was asked to produce documents on the premises that was the key.He also require paper to buy housing.Interest will depend on the term of the loan, the value of the first payment, the currency of the loan.A big plus if the client issues Sberbank salary.
Try to choose the right bank, pay attention to each item of the credit agreement to a responsible approach to the issue of the mortgage to build a house.
