Buying a house is a major event in life, and the price of houses has continued to rise. In recent years, house prices in many first-tier cities have been so high that many people are out of reach. So how much is the down payment for a first home loan now? What are the methods for calculating the down payment ratio for a first home? Next, the editor will introduce the relevant content to you, let’s take a look.

How much is the down payment for a first home loan?

In cities without purchase restrictions, the latest minimum down payment ratio for a first home loan is adjusted to no less than 25, and each locality can fluctuate up or down by 5 percentage points. , that is to say, the minimum can reach 20. The down payment ratio for second homes in non-first-tier cities cannot be less than 30%, while the down payment ratio for second homes in first-tier cities usually cannot be less than 50%. Of course, the specifics will depend on the regulations of each place.

What are the methods for calculating the down payment ratio for a first home?

1. In fact, there is no fixed standard for the down payment ratio for a first home. Each place can adjust the down payment ratio for a first home according to the actual local conditions. Fluctuate by 5 percentage points. Therefore, it is difficult to define the down payment ratio for a first home. The People's Bank of China and the China Banking Regulatory Commission announced that in cities where purchase restrictions are not implemented, the down payment for the first home of commercial housing is in principle 25%, which can be adjusted downward by 5 percentage points, and the down payment ratio for households purchasing a second home with unpaid loans shall not be less than 30%.

2. Down payment for the first home = total house payment - customer loan amount, first loan amount = contract price (market price) × 80 (the first loan amount can be up to 80). For cities that have not yet announced a new policy on the down payment ratio for first-time buyers, the down payment ratio will still be 30%. However, different situations will have different down payment ratios. If some developers withdraw from home purchase discounts, the down payment ratio will also be different. Therefore, the specific reasons It varies from person to person.

Article summary: The above is the amount of down payment for a first home loan and the calculation method of down payment introduced by the editor. I hope it can help some people in need. If you want to know more about the first home, please continue to pay attention to our Qijia.com.