Now buying a house, many people can consider buying a house with a loan, which can relieve their financial pressure and buy a house with a loan. I suggest that you know how to apply for a loan before you can apply. Can I borrow a house for more than 20 years? Now buying a house, many people can consider buying a house with a loan, which can relieve their financial pressure and buy a house with a loan. I suggest that you know how to apply for a loan before you can apply. Can I borrow a house for more than 20 years? What are the conditions for buying a house loan? Here is a detailed introduction to the relevant knowledge for everyone.

Can I get a loan for a house over 20 years old?

If the house is more than 20 years old, you can apply for a loan as long as it meets the requirements of the loan bank, but the loan period will be limited, because most banks take the completion time on the real estate license as the main basis when approving loans, and then review the borrower's loan amount and loan time. Average loan period of the borrower = loan period specified by the bank-house age.

Generally speaking, the term of commercial loans for second-hand houses will be influenced by two factors: the age of the house and the age of the lender, and the longest term will not exceed 30 years. Then, when making commercial loans, how do you judge your loan life?

First of all, you can look at the age of the house, through which you can calculate the loan period. Generally speaking, the loan term = 50? Room age (but there are differences among banks). In addition, because the old second-hand houses are older, the loan period is limited; If the house is more than 20 years old, the possibility of bank loan approval is low.

Secondly, you can also look at the age of the lender, that is, the loan period = 65? Lender age (some banks are 70? Lender age).

The above two algorithms take a short time, and the age of the second-hand house is subject to the evaluation report of the evaluation agency recognized by the bank.

What are the conditions for buying a house loan?

1. Buying a house with a loan requires a local permanent residence or a valid resident ID card;

2. Buying a house with a loan requires a stable occupation and income;

3. Buying a house with a loan requires good credit and the ability to repay the principal and interest of the loan on time;

4. Buying a house with a loan requires assets recognized by the lender as collateral or pledge; Or if the borrower can't provide the mortgage (pledge) in full, a unit or individual recognized by the lender that meets the prescribed conditions and has sufficient compensatory capacity will serve as the guarantor to repay the principal and interest of the loan and bear joint and several liabilities;

5. Buying a house by loan requires a house purchase contract or agreement or relevant approval documents;

6. The price of the house purchased by the loan basically conforms to the appraisal value of the lender or its designated real estate appraisal institution;

7. If you don't enjoy the loan subsidy, the down payment shall be a deposit or cash of not less than 20% of the total price of the purchased house; Enjoy housing subsidies, with 20% of personal deposits or cash as the down payment;

8. Buying a house with a loan requires other conditions stipulated by the loan bank.

What's going on here? Can I get a loan for a house over 20 years old? What are the conditions for buying a house loan? If you want to buy a house by means of a loan, you should understand the relevant policies and systems, because you must meet the conditions for handling a loan, and at the same time, you must have a stable career and income and good repayment ability.