Under normal circumstances, it is easy to approve a mortgage with a down payment of 50%. The higher the down payment ratio, the lower the loan amount applied for, and the higher the chance of the loan passing. The down payment ratio of mortgage is linked to the loan risk. If the down payment ratio is high, the monthly payment will be low, and the risk in loans overdue will be small. In addition, the bank's mortgage approval is also specially authorized. The higher the down payment ratio, the easier it is to approve loans. However, mortgage approval needs to be evaluated according to the borrower's repayment ability and whether it meets the loan conditions.

How much is the down payment for buying a house?

1, how much is the appropriate down payment for buying a house seems to be a question that has been asked a lot. The common answer is: it varies from person to person, and there is a reason for this answer. Under normal circumstances, the People's Bank of China will stipulate the down payment ratio of mortgage loans, and there are differences between cities with restricted purchases and cities without restricted purchases, and between banks.

2. For example, if you buy the first suite in the north, Guangzhou and Shenzhen, the down payment requirement can be 30%, while in second-tier cities like Tianjin, most of them stipulate that the down payment for the first time to buy a house can be 20%, and the requirements of banks for "buying a house for the first time" are different.

Some require people who have no housing loan records before and have no housing under their names, and some require people who have no housing under their names or have housing loans settled.

3. For people who buy two suites, the situation is more complicated, and the standards for determining two suites vary greatly from place to place. For example, Beijing stipulates that there is a suite under the name, and the loan has not been paid off, and then buying a house is considered as a second suite. If it is paid off, it will be implemented according to the down payment standard of the first suite.

In Shanghai, it's different. As long as there is a house under the name, whether there is a housing loan record or not, buying a house again is implemented according to the down payment standard of the second suite.

Mortgage approval process

1. The developer first proposes the mortgage loan cooperation intention to the bank;

2. The bank investigates the developer's development projects, credit rating, corporate social goodwill, operating conditions and financial conditions, and signs a mortgage loan cooperation agreement with qualified developers;

3. The buyer signs a commercial housing sales contract with the developer, carefully checks the contract requirements and pays the required down payment;

4. The purchaser shall provide materials that meet the requirements of the mortgage bank within seven days from the date of paying the down payment and apply for a mortgage loan from the bank. Specifically, it includes: commercial housing sales contract (for filing and registration), purchase down payment receipt, ID card, marriage certificate, income certificate and other materials deemed necessary by the bank;

5. The bank conducts investigation and review on all aspects of property buyers, and goes through preliminary procedures with property buyers (including spouses) who meet the basic conditions, including loan application, joint repayment statement, commitment letter, conversation record, loan contract, IOUs, etc. Then the buyer opens a deposit account or bank card in the loan bank, and the bank reports it to the superior bank for approval;

6. The application approval period is about 7 days. For overdue loans, the marketing department should contact the bank in time to understand the situation, solve the problem, actively assist the purchaser to complete the loan, and sign the phased guarantee procedures with the mortgage bank in time.