If you can't get a loan to buy a house, you can only check out. When the house loan is not approved, the loan is postponed and the loan amount is not purchased, the house purchase contract cannot be continued. At this time, you can only check out, refund the down payment and refund the deposit. These factors are irresistible, and these situations are usually stipulated in the purchase contract.

What are the reasons for not getting a loan?

1, the reason of the developer

Many procedures for buying a new house are handled by developers. If the developer fails to implement the mortgage bank and fails to submit the mortgage loan materials in time, it will also lead to the bank mortgage loan not being processed. Of course, this situation is relatively rare. In order to make money by selling houses, no one wants customers not to apply for loans.

2. Bank reasons

Although banks can now handle commercial loans, provident fund loans, portfolio loans and other loan methods, some banks do not like portfolio loans, with limited interest rates and complicated procedures.

3. Reasons for property buyers

Most of the reasons why the loan cannot be processed are on the borrower. For example, the borrower fails to provide the materials in time, or the materials provided are incomplete or untrue, which leads to the inability to handle the bank mortgage; Personal income certificate, bank running water, etc. There is a problem and it does not meet the loan conditions of the bank; Lenders' personal credit problems, etc.

How long does it usually take to approve a housing loan?

1. If you need to apply for a mortgage to buy a new house, and the property has been pre-sale certificate, as long as you apply to the bank, the bank will check your credit record with the People's Bank of China. If there is no problem, we will reply to your personal loan application within 3 days, and ask you to submit a copy of your license, income certificate, down payment documents and other related documents, and sign relevant bank documents and loan contracts.

2. After collecting all the information, the bank conducts internal examination and approval, and then goes to the housing management transaction to go through the mortgage registration formalities, which takes about 10 working days. After the transaction is issued with other warrants (real estate registration certificate is issued by the city where real estate registration is implemented), the bank will lend money within 3 working days.

3. If you apply for a commercial loan to buy a house, it usually takes about two weeks from the time the lender submits the information to the time of lending. If it is a provident fund loan, the processing progress will be slower, and it may take 1-2 months or even longer, because it involves many institutions such as provident fund and banks.