1. The minimum down payment ratio for commercial loans to buy a second home is increased from 30% to 40%.
2. Suspend the issuance of housing loans for households to purchase third and above houses.
3. The minimum down payment ratio for households purchasing the first home (i.e. "the first home") shall not be less than 30%.
4. For the purchase of the first set of houses with a construction area of less than 90 square meters, the incentive policy of 20% down payment will continue to be implemented.
5. The differentiated housing credit policy will no longer be implemented for households that purchase the first set of housing of 90 square meters or more.
6. Within the urban area, the minimum down payment ratio can be appropriately reduced if the households who bought the second house with loans have paid off the first house loan and applied for commercial personal loans to buy the second house again.
The above is the main content of the second suite policy in Qingdao. For details, please check the latest policy or consult local authorities.