Prerequisites for buying two suites with provident fund loans:

1. If the provident fund loan is used for the first suite and the loan has not been paid off, you cannot use the provident fund loan to buy the second suite. If you have never used provident fund loans before or used provident fund loans to buy a house but the loans have been paid off, you can continue to use provident fund loans to buy a house.

2. If you use the provident fund loan to buy the first suite, then sell the first suite and pay off the loan to buy another one, you can buy the first suite as a provident fund loan.

Matters needing attention

1. If you use the provident fund to buy a second suite, you can't use the provident fund to buy a third suite.

2. The provident fund can't afford the down payment. Because it is a second suite, the state requires a higher down payment than buying a suite, and the repayment rate of buying a second suite will be higher than buying a first suite. According to different local policies, please consult the local provident fund management center for details.

The longest loan period is thirty years. The sum of the lender's age and loan term shall not exceed 70 years.

Can I get a provident fund loan for the second suite?

You can use the provident fund to buy a second suite. The minimum down payment ratio will be reduced from 30% to 20% for households with 1 apartment that have settled the corresponding housing loan. For individuals who own 1 house and have settled the corresponding housing provident fund loans, when applying for provident fund loans when purchasing a second set of ordinary self-occupied houses, the second set of housing loan policy will be implemented, with a minimum down payment ratio of 30% and a maximum loan amount of 800,000 yuan. According to the previous policy, the interest rate of buyers who purchase a second house with provident fund loans will rise by 10%. The term of provident fund loans shall be in years, and the longest term shall not exceed 30 years. The sum of the loan application period and the actual age at the time of loan application shall not exceed 70 years. According to the housing provident fund loan interest rate stipulated by the Ministry of Housing and Urban-Rural Development and the People's Bank of China. At present, the annual interest rate for five years or less is 4.00%; The annual interest rate for more than five years is 4.50%.

legal ground

Regulations on the Management of Housing Provident Fund Article 1 These Regulations are formulated for the purpose of strengthening the management of housing provident fund, safeguarding the legitimate rights and interests of owners of housing provident fund, promoting urban housing construction and improving the living standards of urban residents.

Can I get a provident fund loan for the second suite?

It's possible. For the second suite, the conditions and restrictions of provident fund loans are very important. First of all, it should be noted that if the borrower uses the provident fund loan to purchase the 1 suite and pay off the loan, he cannot use the provident fund to make the loan and repay the mortgage when purchasing the second house.

If 1 suite is bought with commercial loans and has a mortgage, the second suite can use provident fund loans, and the down payment is calculated according to the provisions of the second suite, that is, the down payment is 50% lower and the interest rate is high 10%. If the loan of 1 suite has been paid off, whether it is a commercial loan or a provident fund loan, you can use the provident fund loan to buy a second suite, and the relevant regulations are naturally calculated according to the second suite. For some places, the policy of reducing the down payment of the second suite of provident fund loans by 20% has been implemented. In order to further improve the individual housing loan policy of housing provident fund and support the reasonable housing demand of employees, households with/kloc-0 housing units have settled the corresponding housing loans. In order to improve the living conditions, the lower down payment ratio will be reduced from 30% to 20% if you apply for housing provident fund entrusted loans again. So when you apply for provident fund loans, you need to ask the local management core what the lower down payment is to reduce the shortage of funds brought by buying a house.

Legal basis: Regulations on the Management of Housing Provident Fund Article 5 The housing provident fund shall be used for employees to purchase, build, renovate or overhaul their own houses, and no unit or individual may use it for other purposes. Twenty-sixth workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.

Can the provident fund buy a second suite?

You can use the provident fund loan to buy a second suite. However, if you want to use the provident fund loan to buy a second suite, there will be the following restrictions:

1. If the first suite also uses the provident fund loan and the loan has not been paid off, it is not allowed to use the provident fund loan to buy the second suite.

2. If the first suite also uses the provident fund loan and has paid off the arrears, then you can use the provident fund loan by purchasing the second suite.

3. If the first suite uses a commercial loan, whether it is paid off or not, you can use the provident fund loan to buy the second suite.

Matters needing attention in purchasing a house with provident fund

Many people think that provident fund can be used as a down payment for buying a house, but this is not the case. Generally speaking, the provident fund is used first and then withdrawn. In other words, if you want to buy a house with a provident fund loan, you must pay a down payment first, and then take your ID card, household registration book and other supporting materials to the local housing provident fund management center to withdraw the balance of the provident fund.

If you have applied for a provident fund loan, there will be corresponding records in the system of the provident fund center. As long as your loan is not paid off, you or your spouse can't apply for a provident fund loan again. However, if the previous loan has been settled, you can apply for a provident fund loan to buy a house again, which is not restricted by the second suite policy.

Can I borrow two suites from the provident fund?

1, provident fund can loan two houses, but not at the same time.

2. The first house is a provident fund loan. To apply for provident fund for the second house, you must first repay the loan for the first house.

3. If one spouse has a house and it is a provident fund loan, it is impossible for the other spouse to apply for a provident fund loan.

4. The provident fund can only apply for two loans at most.

5. When buying a house in a different place, the provident fund recognizes both the house and the loan. If the borrower buys a house in city A and uses provident fund loans, and wants to apply for provident fund loans in city B, it belongs to the second suite.

6. After the first suite settles the housing provident fund loan, the provident fund account needs to be deposited normally for more than 6 months before applying for the next housing provident fund loan.

7. Before the couple got married, they applied for provident fund loans to buy the first house. After marriage, the property under the family name is counted as two sets, and you cannot apply for provident fund loans.

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Extended data:

The difference between the first suite and the second suite of provident fund

1, loan interest rate

As far as provident fund loans are concerned, the loan interest rate of the second home loan is higher than that of the first home loan 10%. In some cities with restricted purchases and loans, the down payment ratio of commercial loans is 20% for the first suite and 30% for the second suite.

2. Loan amount

The minimum down payment ratio of the first suite of provident fund is 20%, and the maximum loan amount of the borrower is 80% of the house value. The maximum loan amount of the second home borrower is 60% of the house value.

3. Loan difficulties

It is relatively easy to apply for a provident fund loan for the first home, and the second home generally needs to be decided according to the loanable amount of the local provident fund center. Generally speaking, the loan for the second home is very difficult, and the qualification requirements for the borrower are also high.

Matters needing attention in provident fund loans

1. Don't withdraw the provident fund before applying for a loan.

The amount of provident fund is related to the amount of provident fund paid by the borrower every month and the time of continuous payment. The higher the account balance, the higher the amount the borrower can borrow.

2. Time for prepayment

Generally speaking, if you use provident fund loans, you should apply for early repayment after one year of repayment, and the amount returned should exceed six months of repayment.

Provisions on the purchase of second suites by provident fund

The provisions of the provident fund to buy two suites are as follows:

1. The down payment ratio of the second housing provident fund personal housing loan is not less than 50%, and the loan interest rate is not less than 1. 1 times of the first housing provident fund personal housing loan interest rate in the same period;

2. Stop issuing housing provident fund personal housing loans to paid workers' families who buy third and above houses. The notice once again reiterated that it would stop issuing personal housing provident fund loans to paid workers' families who bought third and above houses.

The interest rate of provident fund loans to buy a second home will increase. The interest rate of the housing provident fund loan to purchase the second house will rise by 1. 1 times according to the benchmark interest rate. If the loan is more than five years, it is 1. 1 times 3.25%, which is 3.575%, but some cities will calculate it as 3.58%. Relatively higher than the first suite, but because the interest rate of the provident fund loan itself is not high, it is actually very cost-effective. If conditions permit, it is also a good choice to buy a second suite with a provident fund loan.

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The introduction of the provident fund loan to buy a second suite ends here.