Housing reform houses can apply for mortgage loans in banks, which used to be units. With the liberalization of the real estate market, such houses have entered the housing reform sequence, from the original state-owned to private. Although there is no land certificate, this kind of house can apply for a loan in essence.

Conditions for housing reform to apply for mortgage loan

1, with legal status.

2 have a stable economic income, the ability to repay the principal and interest of the loan, and no bad credit record.

3. There is a legal and effective purchase contract.

4. If the newly purchased house is used as the maximum mortgage, it must have a legal and effective purchase contract, the age of the house is within 10 years, and the down payment of not less than 30% of the total price of the purchased house has been prepared or paid.

5. The mortgage loan has been purchased and handled, the original mortgage loan has been repaid for more than one year, the loan balance is less than 60% of the value of the mortgaged house, and the mortgaged house has obtained the property ownership certificate, and the age of the house is within 10 year.

6. It can provide effective guarantee recognized by the loan bank.

Housing reform mortgage loan process

1. The purpose, amount and term of the loan proposed by the borrower;

2. Preparation of loan materials: The borrower and the mortgagor shall prepare all the documents and certificates required for applying for loans as required; Including: my spouse's ID card, household registration book, income certificate, personal consumption contract and marital status certificate; Property ownership certificate, owner's and spouse's ID card, household registration book and proof of marital status;

3. look at the house. Conduct on-the-spot investigation, evaluation (survey) and valuation of mortgaged houses by relevant institutions;

4. Loan approval: submit all loan application materials together with evaluation reports or opinions to the bank for approval;

5. Notarization of loan contract: after the borrower and mortgagor fill in (loan contract) and all relevant documents, sign them and press their fingerprints, they will be notarized by a notary;

6. Mortgage registration procedures: the bank shall go to the property right office for mortgage registration with the house ownership certificate and notarized loan contract;

7. Opening an account and lending: the borrower opens a repayment account and the bank lends money to this account.