There will be geographical restrictions on loans. Banks or lending institutions usually refuse to accept loans from off-site properties. Because off-site mortgage loans are not only risky, but also increase the cost of applying for loans. At present, banks or lending institutions only handle real estate mortgage loans in service areas.

For example, if you want to apply for a real estate mortgage loan in Xiamen, you can only use the real estate in Xiamen as a mortgage, not in Anhui. If you want to use real estate as a mortgage loan, you can only borrow in Anhui.

The conditions for applying for real estate mortgage loans are:

1. The mortgage loan requires the service life of the house to be within 20 years;

2. The housing area should be more than 50 square meters; The house should have strong liquidity;

3. The mortgage loan amount is 70% of the appraised value of the house;

4. The loan period of new house loans shall not exceed 30 years, and that of second-hand houses shall not exceed 20 years;

5. The loan interest rate shall be implemented according to the loan interest rate of the same grade in the same period stipulated by the People's Bank of China;

6. Generally, "house age+borrower age" means that men are under 65 years old and women are under 60 years old.

Specific procedures for handling mortgage bank loans:

1. Apply for a loan from the bank;

2. After the acceptance of the bank, evaluate the value of the mortgaged property and approve the loan amount according to the evaluated value;

3. Sign a loan contract, etc.

4. Apply for real estate mortgage registration; (For mortgage registration in the Housing Authority, the Housing Authority shall issue a certificate of other rights) (Required information: application form for real estate mortgage, power of attorney, letter of commitment, copy of bank business license, copy of organization code certificate, copy of bank legal person ID card, etc. Stamp the official seal of the bank);

5. Bank loans.

Note: the land is allocated, so the land should be mortgaged at the Land Bureau first, and then the real estate should be mortgaged at the Housing Authority. Generally, it will be completed within 7 working days, and the loan will be released within 15 days at the earliest. If your land certificate is for sale, the time will be shorter.