It is very important to know the conditions of buying a house by loan and the procedures of buying a house by bank loan. You should think carefully before buying a house. If you don't understand these contents, you may encounter many problems in future loans. Therefore, we should not take it lightly. If you need a loan to buy a house, you can make full preparations through some related procedures and understand the required conditions and materials, so that the loan process will be easier and smoother.

What conditions do you need to buy a house with a loan?

The condition of buying a house by loan is to have a stable income, but also to reach a certain age and be able to mortgage and pledge.

1,18-a natural person aged 60 (Hong Kong, Macao and Taiwan and foreigners are also allowed).

2. Have a stable occupation, stable income and the ability to repay the loan principal and interest on schedule.

3. The borrower's actual age and loan application period shall not exceed 70 years old.

4. There are legal and effective contracts and agreements for the purchase, construction and overhaul of houses and other supporting documents required by the lending bank.

5. Self-raised funds of more than 30% of the total house price (20% for self-occupied houses with a building area of less than 90 square meters), and guaranteed to be used to pay the down payment of the purchased houses.

6. Mortgaging or pledging the assets recognized by the loan bank, or (and) using legal persons, other economic organizations or natural persons with sufficient compensatory capacity as guarantors.

What are the procedures for buying a house with a bank loan?

1, property buyers need to go to the bank to understand the relevant situation and apply for personal housing loans with relevant information. Then the bank will review the buyers and then determine the loan amount.

2. Next, the bank will handle the loan contract, and then handle the property mortgage registration and notarization. The rest is the cancellation of registration after the bank issues the loan and the borrower repays the loan every month and pays off the principal and interest.

3. The materials and procedures required to handle the house purchase loan are as follows: household registration book, marriage certificate, ID card, income certificate, bank account and house purchase contract (provided that both husband and wife are married). Conditions: As long as there is a stable income and bank account, there is a bank account every month, and the monthly income on the income certificate needs to be twice as much as the monthly payment. Generally speaking, it is impossible for a bank to be overdue for three times in a row and six times in two years, and this is based on the family.