The loan for the first home has been paid off, and the purchase of the second home is not considered the first home.

With the continuous improvement of social and economic levels, many people start to buy a second home after paying off the loan for the first home. After the loan for the first home is paid off, purchasing the second home cannot be considered as the first home. It can only be regarded as a second suite. This second home is the second ordinary self-owned house. The essence of its loan is basically the same as that of the first home. The only difference between the two is the loan ratio and loan interest rate. The rest of the loans The process is the same as the down payment house loan process.

It is best to choose a provident fund loan to buy a second home, because you can still enjoy preferential policies with a provident fund loan. However, commercial loans must be used for the first home, and the second home can enjoy the provident fund first home loan preferential policy. If both houses are provided with provident fund loans, you can only enjoy the preferential policies for the first house loan by paying off the remaining part of the first house loan.

Methods for identifying the first house

1. If you have purchased a house with a loan and the commercial loan has been paid off, then you can count it as your first house with a loan.

2. I bought a house with a loan and later sold it. The property cannot be checked through the house registration system, but the loan record can be found in the bank's credit system. If I buy a house with a loan again, it is considered my first house.

3. If you have bought a house with full payment, buying a house with a loan is considered your first house.

4. I bought a house with full payment and later sold it. The property cannot be found in the house registration system. If I buy a house with a loan, it is considered my first house.

5. If you have two commercial loan records under your name, all of which have been paid off and sold, and you can provide proof of the sale of the two houses, in this case, it will be considered as the first house when refinancing.

6. One house under your personal name has a commercial loan that has been paid off, and another house with a provident fund loan has been sold. At the same time, if you can provide proof of the sale of the house, applying for a commercial loan and then buying a house is considered your first house.

7. Between a couple, one party used a commercial loan to buy a house before marriage, and the other used a provident fund loan to buy a house before marriage. After marriage, the two want to take out a joint loan in the name of husband and wife. If the loan has been repaid, banking financial institutions can flexibly control the loan interest rate and down payment ratio based on specific factors such as the borrower's solvency and credit status.

8. Between a couple, one party owned a house before marriage but had no loan record, and the other party had loan records before marriage but no real estate in their name. Applying for a loan to buy a house after marriage is considered the first home.