1. Do I have to pay full price to buy affordable housing?

Requirements for those applying for affordable housing loans.

1. Generally, they are natural persons with local formal household registration who have full civil capacity.

2. Affordable housing loan conditions:

3. Yes Stable career and income,

4. Mainly based on the individual's own ability, good credit, and the ability to repay the principal and interest of the loan on time

The affordable housing loan process is as follows:

1. After signing a house subscription letter with the developer, the home buyer can go to the lending bank to apply for a loan with the subscription letter.

2. After passing the initial review by the bank, go to the law firm designated by the bank to review the individual's repayment ability.

3. The customer must also sign a formal house purchase contract with the developer, pay the down payment, and obtain a "Personal Income Certificate" (which can be issued by the human resources and labor department of the company where he or she works).

4. After the above content is reviewed by a lawyer, the lawyer will issue a "Legal Opinion".

5. In addition, the lender must also purchase house property insurance from the insurance company designated by the bank (the time is the same as the loan term).

6. After the above items are completed, the lender can sign a loan and mortgage contract with the bank, and then the bank will transfer the money directly to the developer's account, and the lender will begin to repay the principal and interest of the loan on a monthly basis

2. Can affordable housing be used as a mortgage loan?

Legal analysis: Affordable housing can be used for mortgage loans. The affordable housing for property mortgage loans must be at least 5 years old to meet the conditions. Affordable housing that is less than 5 years old cannot be used for mortgage loans. After the affordable housing has been available for 5 years, you need to go through the registration procedures for changing the property rights before you can apply for an affordable housing mortgage loan. Legal basis: Article 9 of the "Measures for the Administration of Affordable Housing". Individuals who purchase affordable housing apply for loans from commercial banks, in addition to complying with the provisions of the "Measures for the Administration of Personal Housing Loans", they must also submit a document issued by the competent department of affordable housing of the municipal or county people's government. Notification of approval for home purchase. People who purchase affordable housing can withdraw personal housing provident funds and receive priority housing provident fund loans. Article 10 The loan interest rate for affordable housing shall be implemented in accordance with relevant regulations. Article 11 The construction and supply of affordable housing must strictly implement various tax and fee preferential policies stipulated by the state.

3. Who can explain in detail what affordable housing means? And can this type of housing be used for loans? How to do it?

Currently, affordable housing cannot be used for loans