Can I get a provident fund loan for the first house if I get a commercial loan for the second house?

Can I get a provident fund loan for the second house if I get a commercial loan for the first house? The Provident Fund Loan Center only recognizes the property in the applicant's name and does not count his or her property ownership and mortgage loan history. However, according to the relevant provident fund loan policies and regulations, if you purchase a second home with a provident fund loan, the down payment must be greater than 60. For families purchasing their first home with a floor area of ??more than 90 square meters, including borrowers, spouses and minor children

Mortgage interest rates refer to loans obtained from banks using real estate. Interest must be paid according to the interest rate specified by the bank. China's mortgage interest rates are uniformly stipulated by the People's Bank of China, and each commercial bank can float within a certain range when implementing it.

China's mortgage interest rates are not always constant, but change frequently. The form is that interest rates have been rising, so the situation before and after the interest rate increase is often compared.

There are mainly the following types of loans to buy a house:

1. Housing provident fund loans: For residents who have participated in paying housing provident funds, housing provident fund low-interest loans should be the first choice when purchasing a house. . Housing provident fund loans have a policy subsidy nature, and the loan interest rate is very low. It is not only lower than the commercial bank loan interest rate in the same period (only half of the commercial bank mortgage loan interest rate), but also lower than the commercial bank deposit interest rate in the same period. That is to say, under the housing provident fund, There is a spread between mortgage rates and bank deposit rates. At the same time, the fees for housing provident fund loans are halved when handling related procedures such as mortgage and insurance.

2. Personal housing commercial loans: The above two loan methods are limited to employees of units who have paid housing provident funds, and there are many restrictions. Therefore, people who have not paid housing provident funds are not eligible to apply for loans, but they can apply. Commercial bank personal housing guaranteed loans, that is, bank mortgage loans.

As long as the balance of your deposit in the lending bank accounts for no less than 30% of the funds required to purchase a house, and you use this as the down payment for purchasing a house, and you have assets recognized by the lending bank as a mortgage or pledge, or A unit or individual with sufficient repayment capacity can act as a guarantor to repay the principal and interest of the loan and assume joint and several liability, then you can apply for a bank mortgage loan.

3. Personal housing portfolio loan: The maximum limit of provident fund loans that can be issued by the housing provident fund management center is generally 100,000 to 290,000 yuan. If the purchase price exceeds this limit, the shortfall must be applied to the bank for housing commercialization loan. Together, these two loans are called a portfolio loan. This business can be handled uniformly by the real estate credit department of a bank. Portfolio loans have moderate interest rates and larger loan amounts, so they are often chosen by borrowers.

The first house is a commercial loan, can the provident fund loan be used for the second house?

The first house is a commercial loan, can the second house be provided with a provident fund loan?

Commercial loan application Conditions:

Have a legal residence status;

Have a stable career and income;

Have the ability to repay the principal and interest of the loan on time;

Have assets approved by the lending bank for mortgage or pledge, or/and have a guarantor that meets the specified conditions to guarantee it;

Have a contract or agreement to purchase a house;

Propose a loan When applying, you must have a deposit of no less than 30% of the funds required to purchase a house in China Construction Bank. If you have made an advance payment for the purchase of a house and paid it to the selling unit, you must provide the original and photocopy of the payment receipt;

Other conditions specified by the lending bank.

Can the first house use a commercial loan and the second house use a provident fund loan?

The first house uses a commercial loan, but the second house can use a housing provident fund loan.

When applying for a provident fund loan, you should meet the following basic conditions:

Have full capacity for civil conduct;

Proof of provident fund payment (or housing provident fund card);

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The applicant and his/her spouse’s ID card, household register and marriage status certificate;

Employees whose units have paid the housing provident fund normally for more than one year (inclusive) must pay the housing provident fund normally for six years. months (inclusive) or more, and the monthly housing provident fund payment amount reaches the minimum monthly payment amount announced by the management committee;

From the date when an employee purchases, constructs, renovates, or overhauls a self-occupied house, the Within five years (inclusive), you can apply for a home purchase loan;

If employees apply for a loan for the first and second time, they need to pay a down payment of more than RMB 20 (inclusive) of the purchase price;

With stable Economic income, good personal credit, and the ability to repay the principal and interest of the loan.

Can a provident fund loan be used for a commercial loan for a first home and a provident fund loan for a second home

If you meet the conditions, you can apply for a provident fund loan

What conditions must be met for a personal housing provident fund loan? The main contents are as follows:

1. The borrower has full capacity for civil conduct;

2. Has a formal urban household registration or valid residence status in this city;

3. Have stable economic income, good credit, and the ability to repay the principal and interest of the loan;

4. Pay the housing provident fund normally before borrowing and pay continuously for more than six months;

5. Be able to provide A valid contract or agreement for the purchase of a self-occupied house;

6. The borrower and the buyer in the house purchase contract must be consistent, and the person who has the property rights (except for the spouse) to purchase the house must give consent. Written commitment for housing mortgage;

7. Own funds not less than the value of purchasing a self-occupied house of more than RMB 30 (more than RMB 40 for a second-hand house);

8. The borrower agrees to process Housing mortgage and insurance;

9. When purchasing commercial housing, the developer should provide a periodic guarantee and submit relevant credit materials;

10. The borrower agrees to provide Open a personal account and agree that the loan sponsoring bank will directly transfer the loan principal and interest from the account every month.

Can I get a provident fund loan for my first home and a provident fund loan for my second home? Can I get a provident fund loan for my first home and a second home?

Yes. You can take a look at the provisions of provident fund second home loans. 1. For borrower applicants who are shown as having no house in the housing transaction ownership information query system of the Beijing Municipal Commission of Housing and Urban-Rural Development, the first self-occupied housing loan policy will be implemented. The minimum down payment ratio is 20 and the maximum loan amount is 1.2 million yuan. . 2. For those who purchase a second ordinary self-occupied house in the housing transaction ownership information query system of the Beijing Municipal Commission of Housing and Urban-Rural Development and have paid off the corresponding housing provident fund personal loan (including housing provident fund policy discount loans) For loan applicants, the second home loan policy is implemented, the minimum down payment ratio is 30, and the maximum loan amount is 800,000 yuan. 3. Loans for purchasing a second set of ordinary owner-occupied housing are no longer limited to deposit-paying employee households whose existing per capita housing construction area is lower than the latest per capita residential construction area for urban residents announced by the Beijing Municipal Bureau of Statistics.

If a commercial loan is used for the first house, can provident fund loans be used for the second house?

The first two houses are eligible for provident fund loans,

The third house is not. Provident fund loans are allowed.

In April 2010, the State Council's "Ten Articles of the People's Republic of China" stipulated that for families who purchase a second home with a loan, the down payment ratio of the loan shall not be less than 60%, and the loan interest rate shall not be lower than 1.1 times the benchmark interest rate.

Second home loan fees

1. Down payment

According to bank regulations, if the borrower applies for a second home loan, he or she must pay no less than the purchase price. The down payment for the house price is 60 RMB, and some areas require the down payment ratio for the second home loan to be no less than 70 RMB.

2. Interest

Second home loan interest is calculated based on the borrower's loan amount, loan term, loan interest rate and repayment method.

Among them, the level of loan interest rates directly affects the amount of mortgage interest payments).

3. Mortgage registration fee

Customers who apply for a second home loan must agree to use the house purchased in their name as a mortgage. When going through the mortgage registration procedures, the borrower needs to pay a certain amount. Mortgage registration fee.

4. Notary fees

When applying for a second home loan, you also need to pay a notary fee. When applying for a bank housing loan, the bank will entrust a notary department to certify the borrower's qualifications, and the borrower will need to pay a notary fee.

The house is a commercial loan. Can I use provident fund loan for the second house?

Each city's provident fund loan policy may be different. If there is a local CMB branch, you can contact the branch account manager. Consult, or call the local provident fund management center directly for consultation.

Is it possible to withdraw a provident fund loan for a second-home commercial loan?

If you already have a commercial loan, you can only withdraw a provident fund loan or apply for a commercial loan to be converted into a provident fund loan. Second-hand houses can also be provided with provident fund loans.

Generally, provident funds are withdrawn by purchasing second-hand houses. The materials that need to be submitted are: (1) The original and photocopy of the real estate certificate; (2) The original and photocopy of the deed tax payment certificate; (3) Extract the original and photocopy of the employee’s ID card; (4) Extract the employee’s personal ID card. Bank savings account number; when an employee's spouse withdraws housing provident fund, in addition to the above information, the original and photocopy of the spouse's relationship certificate and a photocopy of the main buyer's withdrawal record are also required.

Can I apply for a commercial loan for a second house if my first house is a provident fund loan?

Yes, but the interest rate for the second house is different from that of your provident fund loan, and the down payment is also different. .

If the commercial loan for the first house has not been repaid, is it possible to get a provident fund loan for the second house?

Since the relevant policies of each city are different, it depends on whether the provident fund loan business is carried out in your local area. As well as relevant business regulations, you can directly contact the personal loan department of the local outlet to confirm!

Can provident funds be used for the first commercial loan for the second home?

Yes.

When customers purchase their first home, they apply for a commercial loan. When purchasing their second home, they can naturally choose to apply for a provident fund loan. Even if they apply for a provident fund loan for their first home, as long as the loan has been paid off, they can still purchase the second home. You can also apply for provident fund loans. Of course, if the provident fund loan for the first house has not been paid off, the second house can only apply for a commercial loan.

Everyone needs to note that to apply for a provident fund loan, the following conditions must be met:

1. The housing provident fund has been paid in full and on time for six months or more continuously;

2. The housing provident fund account is in normal deposit status when applying (if the housing provident fund has been sealed, provident fund loans cannot be applied for the time being);

3. There has never been a provident fund loan under the name or the loan has been Settlement (if you have already applied for two provident fund loans, you can no longer apply for a provident fund loan regardless of whether the loan is settled or not. When purchasing a third home, you can only apply for a commercial loan).

If you choose a commercial loan to buy a house, you can convert the commercial loan into a provident fund loan as long as the conditions are met and the repayment period is one year.

The application process for a housing provident fund loan is as follows:

1. First, go to the local housing provident fund management center to inquire whether you are qualified to apply for a housing provident fund loan. If you meet the conditions for applying for a provident fund loan, , then you can go to the entrusted bank of the local housing provident fund management center to apply for a housing provident fund loan. You need to fill in the "Housing Provident Fund Loan Application Form", and you also need to provide your valid identity document, bank card, house purchase contract or house purchase agreement and other information;

2. After receiving the applicant’s housing provident fund loan application, the bank will conduct a preliminary review of the user’s borrowing qualifications. After passing the review, the bank will notify the applicant to go to the bank to go through the interview procedures. The bank will need to sign a loan contract, loan IOU, and provident fund Hedging agreement and provident fund deduction agreement. After the bank passes the preliminary review, it will push the data that has passed the preliminary review to the central approval department for review. For those who fail to comply in the initial review, the bank will inform the applicant of the reasons for disqualification.

3. After receiving the information submitted by the bank, the Provident Fund Management Center will review the loan qualifications, loan amount, and term of the applicant who has passed the preliminary review. If the housing provident fund management center passes the review, the provident fund management center will entrust a commercial bank to lend to the borrower. After obtaining the loan funds, the applicant only needs to repay the loan on time according to the regulations.