You can buy a rural bungalow with a loan, but you must provide collateral accepted by the bank. Houses in general rural areas cannot be used as collateral for loans.

① Paragraph 1 of Article 34 of the Guarantee Law stipulates that all houses and other things fixed on the ground owned by the mortgagor can be mortgaged. It can be seen that it should be effective for farmers to mortgage the houses on the homestead. However, the second paragraph of Article 37 of the Guarantee Law stipulates that collectively owned land use rights such as cultivated land and homestead shall not be mortgaged.

(2) Article 6 of the Supreme Court's Provisions on Attachment, Seizure and Freezing of Property in Civil Execution of People's Courts stipulates: "A people's court may attach the residence necessary for the life of the person subjected to execution and his dependents, but may not auction, sell off or pay off debts."

(3) The Opinions of the Ministry of Land and Resources on Strengthening the Management of Rural Homestead stipulates that it is strictly forbidden for urban residents to buy homesteads in rural areas, and it is strictly forbidden to issue land use certificates for houses purchased by urban residents in rural areas.

Note: Rural housing buyers and sellers are narrow, and general financial institutions and banks do not accept rural housing loan mortgage.