Nowadays, most people cannot afford the full payment to buy a house, so many people choose to purchase a house with a package loan. The bank will issue you a specific loan combination of provident fund personal housing loan and self-employed personal housing loan at the same time. This is called a house purchase package loan. Let's introduce the conditions of the house purchase package loan and what are the house purchase procedures.

House purchase package loan conditions

1. The person applying for a home purchase portfolio loan has a legal identity;

2. The person applying for a home purchase portfolio loan must be an employee who has paid housing provident funds in full and on time;

3. The person applying for the house purchase portfolio loan has a stable economic income, the person applying for the house purchase portfolio loan has good credit and the ability to repay the principal and interest of the loan;

4. Applicants who apply for a home purchase portfolio loan must have legal and valid contracts and agreements for purchasing and overhauling housing, as well as other supporting documents required by the lending company's bank;

5. Applicants applying for a home purchase portfolio loan must have self-raised funds of more than 20% of the purchase price of the home, and ensure that the money is used to pay the down payment of the home purchased;

6. Have something approved by the lending company's bank as a mortgage or pledge, or have a legal person, other economic institution or natural person who is capable of repaying the loan on your behalf as a guarantor;

7. Applicants who apply for a house purchase portfolio loan meet the borrowing conditions stipulated by local provident fund management;

House purchase portfolio loan process

1. Make an application. The person applying for a home purchase portfolio loan shall submit a written application and relevant materials to the local housing fund management;

2. Sign a contract. After applying for a housing provident fund personal housing loan, the person applying for a housing provident fund personal housing loan will apply for a combination loan from the lending company bank with the provident fund personal housing loan entrustment notice issued by the provident fund management department. After the application is approved, a loan contract and a guarantee contract must be signed with the lending company's bank and notarized;

3. Get mortgage insurance. After signing the contract, go to the lending bank to handle mortgage registration insurance and other necessary procedures, pay mortgage registration and insurance fees, and hand the original insurance policy to the lending bank for safekeeping;

4. Open an account. Customers who choose to repay through entrusted deduction will open a special savings passbook account for repayment at the lending bank. At the same time, the house seller must open a special deposit account at the lending company's bank.

5. Disbursement of funds. The person who applies for a home purchase portfolio loan fills out the home purchase portfolio loan deposit voucher at the bank's business accounting front desk, and then the lending company bank transfers the loan directly to the borrower's deposit account in accordance with the contract.

The above are related answers about combination loans. Loans are the best way for people who cannot pay the full amount. All in all, when applying for a home purchase portfolio loan, you must clearly check whether you meet the conditions for a home purchase portfolio loan to avoid wasting your time. Also, when applying for a home purchase portfolio loan, you must be clearly familiar with the home purchase portfolio loan process. This can help you get twice the result with half the effort without wasting time on loans.