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[QUOTE="Munyaradzi Mafaro, post: 35097, member: 636"]
Experts figured out how much money people need to earn for home loans in St. Petersburg this year. Banks recently lowered their income requirements for housing loans. The needed salary went down about 20,000 rubles for standard new apartments. For fancy buildings, requirements fell more than 35,000 rubles, according to Brif24. The falling mortgage rates caused these changes.

Researchers examined a typical new apartment costing 10.1 million rubles and checked what happens with a 30% first payment. The loan has a 27% yearly interest rate and lasts 15 years. Someone needs a monthly income of 270,000 rubles to qualify. Many city residents team up with family members to reach this amount.

Housing remains expensive for average workers in the Northern capital. Loan officers look carefully at pay stubs before approving applications. People often search outside the main areas for cheaper options. First-time buyers struggle most with these high requirements. Smaller apartments help some families enter the housing market despite money challenges.
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