10 Best Banks for Mortgages on Second Homes

Mortgage "For an apartment or a share" from Rosbank was created for the purchase of real estate in the secondary market. The down payment here is only 10%, and the minimum rate is 8.85%. However, with the interest rate, everything is far from being as simple as it might seem at first glance. In fact, the base rate is 10.9%. It can be reduced for payroll clients and those who have previously taken loans from Rosbank. But even in this case, it will not be as low as in advertising.To receive a rate of 8.85%, you will have to pay the bank a one-time fee of up to 4% of the loan amount. Whether it will be beneficial - in each case, you need to analyze separately.

An application for a mortgage can be fully completed online by logging in through the State Services website and confirming income through the PFR website. For this, an additional discount of 0.25% of the base rate is due.

A mortgage for secondary housing from Raiffeisen Bank is suitable for buying an apartment, townhouse or apartment. In the first two cases, the down payment is from 15%, in the third from 25%. The maximum loan amount in this bank is not as large as that of most competitors, and is 26,000,000 rubles. The minimum interest rate is 10.09%, but it is valid when a certain list of conditions is met. Among them, an initial payment of 50% or more, a loan amount of 10 million.

It is worth considering that Raiffeisen has different borrower age requirements from the standard ones; at the time of loan repayment, he should not be more than 65 years old, and without a combined insurance contract - 60 years old. Mortgage repayment is possible only by annuity payments, early repayment is possible on any day, and not only on the scheduled date.

In terms of the volume of the mortgage portfolio, Dom.RF is one of the three Russian leaders, it is in the TOPs of the most reliable and largest banks in terms of capital (Forbes, RIA Rating). One of the few financial institutions focused on residents of the entire country. A huge network of partners has been developed - profitable deals can be concluded even if there is no physical branch in the region.

Loan conditions are quite favorable - a rate of 10.1%, a down payment of 10%, a term of up to 30 years. Several factors affect the interest rate, including the loan amount and the status of the borrower. It can also be reduced if the transaction is registered electronically. Another option is to make a lump sum payment or a kind of commission of 1.9% or 3.9% of the amount to reduce the interest rate by 0.5 or 1%. You can get a mortgage in Dom.RF without proof of income. In this case, you will have to make a down payment of 20% and get +0.5% to the interest rate.

Within the framework of the program of mortgage housing lending from Rosselkhozbank, the borrower gets the opportunity to purchase both ready-made and housing under construction. It can be an apartment, apartment, townhouse, private house or land. For the first two types of real estate, the loan amount can be up to 60,000,000 rubles, for the rest - no more than 20 million rubles. The minimum interest rate is 9.15%, but several factors affect its size - the status of the borrower, the amount and term of the loan, the size of the down payment, insurance.

The borrower can choose an annuity or differentiated repayment system.With annuity payments, the monthly payment does not change throughout the entire contract: first, more interest on the loan is put into it, and then the ratio changes towards the principal debt. The differentiated scheme is different: at first, payments are large, then they decrease, since they consist of the amount of the main payment and interest on the balance of the debt.

Uralsib Bank offers mortgages for secondary housing on terms that differ little from the market average. But you can still include it among the best, because the interest rate here starts from 9.99%, which is an excellent indicator for the secondary. The maximum loan amount is 50,000,000 million, the term is 30 years, the initial contribution is from 15%. You can use the capital as a down payment, but in this case, at least 5% of the property value must be paid with your own funds.

9.99% is the minimum rate. If you opt out of title or life insurance, it will be increased by +2%. For individual entrepreneurs and business owners, the rate is 1% higher. For those who want to get a mortgage on two documents - by 0.5%. Application processing time is 1-3 days. The transaction can be registered electronically.

At Sovcombank, the mortgage interest is tied to the target. To buy a house with a plot on the secondary market, you need to pay 40% of the cost and receive funds at 12.49%.An apartment and apartments at a rate are more profitable - 11.99% with a down payment of 20%, or 11.74% if you immediately pay half the price of housing. If, when buying an apartment, you contribute only 10% with your own funds (possibly if there is additional property in the property that is not pledged), then the rate will be 12.59%. For the purchase of commercial real estate, there are conditions for depositing from 20% of the amount immediately, a loan is issued at 12.99%.

At first glance, the rates do not look attractive. The Great Rate Guarantee, aka G.O.S., will help make them so. program - a branded paid service for customers-holders of installment cards "Halva". This is the first service in the mortgage industry with a cashback for the borrower. Recalculation up to 5.9% is made in the first three years of the mortgage, and the difference is returned to the bank account.

Sberbank is one of the leaders in mortgage lending in Russia, offering the best conditions for those who plan to purchase an apartment on the secondary real estate market. The base interest rate here is 10.3% per annum, but it will be increased if you refuse insurance, do not provide a certificate of income, as well as in a number of other situations, including when buying an apartment not through the DomClick service. The initial payment in Sberbank is from 10%. Requirements for borrowers are more loyal than those of a number of other lenders. For example, the age at the time of repayment should be no more than 75 years, although for others the bar is limited to 70 years.

I would like to say separately about the DomClick service.Here you can apply for a loan, and after its approval, start searching for a suitable property option. After viewing, it is necessary to send the object for approval to the bank, the decision will be made jointly with the agents of the seller and the buyer. A convenient and secure service will help with the verification, evaluation and registration of the transaction.

Gazprombank offers favorable conditions for acquiring a mortgage on an apartment, townhouse, apartment or private house on the secondary market. The maximum loan amount is 60,000,000 rubles. The size of the interest rate at Gazprombank depends on several conditions. The minimum 9.8% will be available to those who make an initial contribution of 50% or more, as well as issue a loan in the amount of 10 million rubles. for the purchase of housing in Moscow, St. Petersburg, the Moscow or Leningrad region, or from 5 million in other regions. If the down payment is from 30%, then you can apply for a mortgage only with a passport.

To pay off the mortgage, annuity or differentiated monthly payments are provided, with early repayment (full or partial) there will be no problems - you just need to inform the bank in the mobile application 1 business day before the scheduled payment date.

You can apply for a mortgage for secondary housing in Alfa-Bank without leaving your home and without providing a certificate of income (although the rate in this case will increase by 0.5%).The maximum loan amount in the bank is up to 70 million, and the term is up to 30 years, which will allow you to purchase even elite real estate at a price above the average. The initial contribution is at least 15%, but it can be paid in full with maternity capital, of course, if the value of the property allows it.

The base percentage for the purchase of resale is 10.59%, but it can be reduced by 0.3-0.4% in a deal with bank partners. It will also be reduced by 0.4% for those who are payroll clients of Alfa-Bank. There are several situations in which the percentage will be increased by 0.5-4%. This will happen when you refuse insurance and a number of other situations. The bank lends not only to citizens of Russia, but also of Ukraine and the Republic of Belarus. The borrower must be at least 21 years of age and not older than 70 years of age at the time of repayment. Up to three co-borrowers can be involved in the deal.

A mortgage loan from Transcapitalbank for 25 years is a good opportunity to buy real estate on the secondary market and make repairs. The bank lends not only to individuals, but also to businessmen and individual entrepreneurs. If a person works in a large company (over 500 employees), then he can qualify for a discount of minus 0.5% per annum. The civil servant will receive the same bonus. The bank's tariffs contain a fairly large list of situations in which the interest rate can be either reduced or increased. Additionally, you can choose one of 4 tariffs, for example, "Favorable", which will allow you to reduce the mortgage rate by 1.5%, but you will have to pay 4.5% of the loan amount for its connection.Is it profitable - you need to look at each specific situation. Mortgages are repaid monthly in annuity payments. There is no commission for early repayment.

The minimum loan amount is only 500,000 rubles, but when using maternity capital, it cannot be less than 1 million. The maximum mortgage amount is not limited. The standard down payment is 10%, but if maternity capital funds are used, then only 5% will be required to be paid with your own funds. Officially registered spouses act as co-borrowers: one is the mortgagor, and the second is obliged to give written consent to the loan.