Legal analysis:

Buying a house across cities is not considered your first home. The current criteria for judging a first home are whether there is real estate in your name and whether you have a loan record. Although some cities only recognize Local houses, but most first- and second-tier cities have begun to connect to the national network. Regardless of whether you own a house in the current city, as long as you have a property in your name, it will be calculated as the second house. When purchasing a second home, you will not only have to pay a higher deposit than the first home, but the interest on the mortgage loan will also increase accordingly. In the process of buying a house, not only will the property under the individual's name be inspected, but the individual also needs to provide his or her ID card, household register, and income certificate, as well as a tax certificate for working locally, in order to have the qualifications to buy a house. For qualifications, especially for people who buy houses in other places, the bank will refer to the previous house purchase information from the central bank’s credit system to determine whether it is a second house purchase. Second homes are also reviewed on a family basis. To enjoy the policy for the first home, the entire family needs to have no real estate records and no home purchase records in their name.

Legal basis:

"Notice on Regulating the Standards for Recognition of Second Homes in Commercial Personal Housing Loans" Article 3 If any of the following circumstances occurs, the lender shall: Implement the second (and above) set of differentiated housing credit policies:

(1) The borrower applies for a loan to purchase a house for the first time, such as in the housing registration information system (including pre-sale contract registration and filing system) in the place where the house is to be purchased. , the same below) in which the family has registered one (or more) complete houses;

(2) The borrower has used a loan to purchase one (or more) houses and then applies for a loan to purchase a house. ;

(3) The lender is convinced that the borrower's family already has one (or more) houses through due diligence in the form of credit record inquiry, face-to-face test, interview (residence visit if necessary).

Derived questions:

How to distinguish the first house from the second house?

1. Loan interest rate. The loan interest rate for a second home loan is much higher than the loan interest rate for a first home loan. As far as provident fund loans are concerned, the loan interest rate for a second home loan is 10% higher than the provident fund loan interest rate for a first home. The second-home loan interest rates for other commercial loans are subject to the regulations of each commercial bank, but generally speaking, they are relatively high. For example, most banks’ first-home loan interest rates are currently the benchmark interest rate, even in first-tier cities such as Beijing, Shanghai, Guangzhou, and Shenzhen. The arbitrage interest rate is still rising, while the second home loan interest rate is 10-25% higher than the benchmark interest rate. The difference can be imagined.

2. Loan amount. The loan amount for a second home loan is much lower than that for a first home. According to the new policy, borrowers can get a maximum loan of 70% for a first-time home and a down payment of 30%, and a minimum down payment of provident fund loans of up to 20%. However, borrowers for a second home can only get a maximum loan of 60-20%, with a down payment of 40-80%. The specific loan amount is related to the restriction policies of each city.

3. Loan difficulty. Of course, it is much more difficult to get a second home loan than a first home loan. Especially when funds are tight, it is often difficult to apply for a second home loan.