1. What is the provident fund loan process for a second home in Changsha in 2021?
According to Changsha's "Housing Provident Fund Management Regulations", if a family currently has a self-owned house with an area of ??144_ or less, and then purchases a second house, it will follow the provident fund loan policy. If the second home provident fund loan policy is implemented, the down payment ratio shall not be less than 60% of the total purchase price, and the maximum loan amount shall be 600,000. Starting from February 1, 2021, the personal housing loan limit applied by employee families will be calculated based on 15 times the balance. The specific loan limit of the borrower's family will be based on the loan limit calculation formula, down payment ratio, and loan repayment ability within the maximum loan limit. Calculate according to the situation, etc., and take the lowest value of the calculation result.
Procedure for applying for a provident fund loan
1. Submit information
When the borrower applies for a provident fund loan at the management department of the provident fund management center where the provident fund is deposited, the borrower chooses guarantee. If the center provides guarantee, all materials required for personal loan application, including the materials required for guarantee application, should be submitted, including personal and spouse’s ID cards, household registers, marriage certificates, divorce certificates, house purchase down payment certification materials, house purchase contract, Housing provident fund payment certificate, etc.
2. Review Notice
After the management department passes the preliminary review of the loan application, it will issue a "Guarantee Application Review Notice" and print out the "Loan Contract" and "Mortgage (Counter Guarantee) Contract" 》 and other relevant legal documents, and submit all personal loan information to the guarantee center.
3. Approval
The guarantee center will review the guarantee application. If the borrower meets the guarantee conditions, the guarantee center will issue a "Guarantee Application Approval Opinion"; the borrower will entrust an intermediary agency to handle the provident fund on its behalf. For loans, the agency is responsible for the guarantee application procedures and collects the guarantee service fee. (Note: The agency agency must have the qualification certification of the Beijing Housing Provident Fund Management Center and sign a cooperation agreement with the guarantee center.)
4. Payment
The borrower shall pass the review based on "Guarantee Application Approval Opinion Letter" to pay the guarantee service fee. The Guarantee Center issues invoices for guarantee service fees, and stamps the official seal of the Guarantee Center on approved legal documents such as the Loan Contract, Mortgage (Counter Guarantee) Contract, and Collection Contract.
5. Material transfer
The reviewed personal loan application materials (including the sealed contract) will be forwarded by the Guarantee Center to the Housing Provident Fund Management Department; if an intermediary is entrusted to handle it, the application materials will be forwarded by the Guarantee Center. The intermediary agency is responsible for the transmission of the above information.
6. Sign the contract
The Housing Provident Fund Management Department supervises and guides the borrower applicants to sign on the "Loan Contract", "Mortgage (Counter Guarantee) Contract" and other relevant legal documents.
2. Changsha’s 2021 second home recognition standards
1. If the parents have a house in their name, they will buy a house in the name of their minor children
According to the new second home The second home policy will be followed when applying for a loan to buy a house in the name of the minor children.
2. If you have a real estate in your name when you are a minor, and then take out a loan to buy a house after you become an adult
According to the current bank’s second home identification standard of “subscribing for a loan and approving a house”, if you do not sell the existing In the case of real estate, the policy for the second house will be implemented. According to past policies, as long as there was no loan for the property when the minor was a minor, applying for a mortgage would not count as a second home.
3. There is a whole house in one’s name
In the past, only “subscribing for a loan” was considered a second home, but now “subscribing to a house” has been added, even though I have never taken out a loan. However, as long as the system can find out that there is real estate under one's name, it will also be recognized as such without selling and applying for a loan
4. If one has a loan under one's name to buy a house, then one can then take out a loan to buy a house
The current standard for banks to identify second homes is “acknowledge the house and subscribe for the loan.” This means that even if the property bought with a loan has a previous loan record after it is sold, it will be counted as a second home if you apply for a mortgage again.
5. Use it when buying a house for the first time, and use it when buying a house again
The current provident fund loan policy is also relatively strict. As long as the borrower's mortgage loan is paid off and the property is sold, even if it has never been used For provident fund loans, applying for a provident fund loan for the first time will also be counted as a second home.
Can provident funds provide loans for the third and second houses? How to apply for a loan?
Buying a house is something that most people have to go through. Buying a house requires years of savings, and the mortgage will be with you for 20 or 30 years. If you use a commercial loan to buy a house, the interest on the repayment is very high. The provident fund loan interest rate is relatively low. If you have already used a provident fund loan to buy your first home, can you still buy a second home?
A provident fund loan can be used to buy a second home, but it also needs to meet the regulations of the Provident Fund Center. The interest rate for buying a second home in my country is usually higher. If you have paid the housing provident fund and need to buy a second home, it is recommended to go to the provident fund management The center knows whether it meets the loan conditions before applying for a provident fund loan.
Conditions for provident fund loans for second homes
1. First of all, the borrower is required to have a good credit record, and the provident fund center will check the personal credit report.
2. Secondly, the borrower is required to have a stable income and the financial ability to repay the principal and interest of the loan.
3. If the borrower has already applied for a housing provident fund loan and the provident fund loan has not been repaid, he is not allowed to use the provident fund loan to buy a house again. If the borrower's spouse has used a housing provident fund loan and the loan has not been repaid, he is not allowed to use the provident fund loan to buy a house again. The provident fund loans of both spouses must be paid off in full before they can use the provident fund loan to purchase a second home.
4. There needs to be an available balance in the provident fund account. The amount of the provident fund loan is related to the available balance in the account. It is also necessary to refer to the individual's repayment ability, the total price of the house and the local provident fund loan policy. If the provident fund loan amount is in the account If the available balance is insufficient, then there is not much point in using provident fund loans.
5. The provident fund needs to be in a current deposit status. Different regions have different regulations. Usually, it is also stipulated that before using the provident fund loan, the account must have been paid in full for more than 12 consecutive months.
6. Down payment requirements. A second home usually requires a down payment of more than RMB 50. You need to refer to local policies and the actual situation shall prevail.
Process of provident fund loan to buy a second house
1. The borrower needs to bring his ID card and loan information to the provident fund center to apply for a loan and submit the information.
2. Review by the Provident Fund Center, including personal information, loan amount, loan period, etc.
3. After passing the review, the loan house needs to be evaluated.
4. The Provident Fund Center signs a loan contract and other loan agreements with the borrower.
5. Provident fund loans are issued by cooperative banks.
4. What procedures are required to apply for a housing provident fund loan to purchase a second home?
Provide materials (original)
The borrower’s spouse and the house purchased ***The authorized person must*** be present to handle the provident fund loan related procedures, and provide the following information (original) according to the purchase situation:
1. Purchase of local commercial housing and affordable housing:
1. Identity cards, household registers, and private seals of both the borrower’s husband and wife and the owner of the house purchased (the loan applicant or the owner of the house purchased are single and only need to provide personal materials ; /p>
3. House purchase contract filed with the property rights supervision department;
4. House purchase invoice;
2. Purchase of local existing houses (second-hand houses):
1. Identity cards, household registers, and private seals of both the couple and the owner of the house being purchased (if the applicant is single or the owner of the house is single, you only need to provide your personal name) Materials);
2. Marriage certificates of the borrower’s husband and wife and the owner of the property purchased (if single due to divorce or widowhood, a valid certificate of divorce or widowhood must be submitted in addition);
3. Existing house sales contract filed with the property rights supervision department;
4. Seller’s house ownership certificate, house ownership certificate, and state-owned land use certificate;
5. Proof of payment;
6. Real estate mortgage evaluation report issued by an evaluation agency recognized by the guarantee company;