What conditions should a portfolio loan meet?

It is necessary to meet the loan conditions of individual housing loan and individual housing provident fund loan at the same time, and the borrower of the provident fund loan part and the commercial loan part in the portfolio loan must be the same person. Provident fund loans usually require lenders to pay provident fund for half a year or more. Commercial loans mainly require lenders to have sufficient repayment ability.

Provident fund loan conditions:

1 has valid household registration and valid residence status;

2. Housing provident fund is paid for employees and meets the relevant requirements of the local provident fund management center;

Have a stable income, good credit and the ability to repay the principal and interest of the loan;

There are valid certificates such as valid contracts and agreements for the purchase and construction of houses;

5. There are down payment funds not less than the proportion of the local housing provident fund management center, and it is guaranteed to be used to pay the down payment of the purchased (built) house;

Having assets that meet the conditions of mortgage or pledge, or (and) legal persons, other economic organizations or natural persons with sufficient compensation capacity as guarantors.

Commercial loan terms:

1 Have valid identification and proof of marital status;

② Have a valid household registration certificate or a valid residence certificate;

3 have a good credit record and willingness to repay;

4. It has the ability to repay the loan principal and interest in full and on time, and the ratio of monthly expenditure to income of the borrower is controlled below 50% (inclusive), and the ratio of monthly expenditure to income of all debts is controlled below 55% (inclusive);

5. There is a commercial housing sales (pre-sale) contract or a letter of intent to purchase a house;

6 Other conditions.

When combining loans, the amount of provident fund loans is approved by the provident fund management center, and the amount of commercial loans is approved by the bank. These two payments are independent. After the loan is successful, the lender can sign the repayment agreement of the provident fund, that is, the monthly deduction from the provident fund is given priority, and the insufficient part is deducted from the bank card.

What are the terms of the portfolio loan?

If you apply for a portfolio loan, the running water is twice the monthly payment, not only for the commercial loan, but also for the provident fund loan. Expressed by the formula, it means that the running water is ≥ 2 times of the total monthly repayment amount (provident fund commercial loan). Portfolio loan refers to the borrower who meets the conditions of individual housing commercial loan and pays the housing provident fund at the same time. When handling personal housing commercial loans, you can also apply for personal housing provident fund loans, that is, borrowers can use their own urban self-occupied housing (or other guarantee methods recognized by banks) as collateral, and at the same time apply for personal housing provident fund loans and personal housing commercial loans from banks. In short, I applied for both provident fund loans and commercial loans.

What are the precautions for applying for a portfolio loan?

1. Make full use of provident fund loans.

For buyers who choose a portfolio loan to buy a house, it is necessary to plan the loan amount when applying for a mortgage. Property buyers should make full use of provident fund loans, extend the loan term as much as possible, and shorten the commercial loan term to a great extent, so as to reduce the monthly repayment and save the loan cost. Only provident fund depositors can apply for portfolio loans. The so-called portfolio loan is the loan mode of "commercial loan provident fund loan", so to apply for this loan, the borrower must pay the provident fund in full and on time at the place where the house is to be purchased, and the provident fund account is still in a normal state of deposit.

2. Choose the repayment method that suits you.

Different repayment methods are suitable for different buyers. Buyers of portfolio loans need to choose a good repayment method before applying for a mortgage. When signing a loan contract with a bank, you must first understand these repayment methods and determine the repayment method that suits you, because once the repayment method is agreed in the contract, it is generally not allowed to change during the whole loan period.

3. Determine the loan amount

Before applying for portfolio loans, buyers need to determine their own loan amount, and then determine the amount of provident fund loans and commercial loans. The maximum loanable amount for applying for portfolio loans is determined from two aspects, namely, the maximum amount of provident fund loans and the maximum amount of commercial loans. The lower of the two is the final loanable amount of the portfolio loan. When applying for a portfolio loan, the provident fund loan amount cannot be changed once it is determined, so the loan applicant and spouse need to check the maximum loan amount at the provident fund management center.

How to buy a house with a portfolio loan?

Buying a house with a portfolio loan needs to meet the conditions of housing provident fund and personal housing loan of commercial banks. After meeting the requirements, you can apply for a portfolio loan at the local housing authority.

Taking Zhengzhou Housing Provident Fund as an example, according to Article 3 of Instructions for Portfolio Loans of Housing Provident Fund, the application conditions of portfolio loans. To apply for portfolio loans, the following conditions shall be met at the same time:

1. The purchased property is a newly-built commercial residence in Zhengzhou (excluding second-hand commercial residence), and the real estate project is a personal housing loan access project of the entrusted bank, which has been filed in the management center;

2, in line with the housing provident fund and commercial bank personal housing loan conditions;

3. I and my spouse have no outstanding personal housing loans or other large debts;

4. Agree to guarantee according to the guarantee method recognized by the management center and the entrusted bank;

5. Other conditions required by the management center and the entrusted bank.

Extended data:

"Notes on Housing Provident Fund Portfolio Loan" Article 5 Portfolio Loan Handling Process

1. The borrower applies to the management center and the entrusted bank successively with the application materials.

2. The borrower shall go through the loan formalities at the entrusted bank and the management center respectively with relevant information.

3. The borrower shall go through the formalities of loan guarantee and house mortgage at the guarantee company with relevant materials.

4. The borrower starts to repay the principal and interest of the portfolio loan in the second month of the loan date, and receives the mortgage contract, loan contract and other texts according to the notice of the guarantee company.