You can't use provident fund loans for apartments.

Because the housing provident fund is aimed at housing, 40-year-old property apartments cannot use provident fund loans. The provident fund is mainly used to purchase, build, renovate and overhaul self-occupied houses, repay the principal and interest of home purchase loans, and subsidize the rent that exceeds the family wage income.

First, the provident fund can only be used for residential buildings, that is, the land is "residential land" and the land use period is 70 years. Usually single apartments, LOFT, office buildings and other houses. The nature of the land is "commercial service land", and the land use period is 40 years, so it is impossible to use provident fund loans. If the purchased apartment is a residential apartment with 70-year property rights, you can apply for a provident fund loan.

Second, the apartment loan processing

Before the apartment loan, it is necessary to know the purpose of the land for building property. If the property is commercial land, the property right of the apartment belongs to 40 years. If it is residential land, the property right of the house is 70 years. 40 years of land belongs to commercial land. You can only choose commercial loans when purchasing, but you can't use provident fund loans. In the loan, you don't enjoy the national first suite policy, you can only borrow 50%, and you need to prepare 50% down payment. If it is residential land, you can enjoy 70% of the first suite policy loan, and you only need to prepare 30% down payment.

Third, matters needing attention in buying an apartment

1, please pay attention to the property right of the house: commercial houses and houses are different, so when buying a house, you should pay attention to what kind of apartment you want to buy. According to the relevant regulations, the nature of the right to use the combined house is consistent with the land use right, and the nature of the commercial house is only residential land, commercial land and industrial land. Buyers only need to check the land use column in the land use certificate of the property, and it is clear at a glance whether it is residential or commercial.

2. Clarify the purpose of purchase: When buying an apartment, I suggest you first determine what you are buying an apartment for. If you want to buy an apartment for investment, you can choose a business apartment. Pay attention to whether the security system is perfect, the matching of the house and the surrounding traffic network are vertical when purchasing. If you live by yourself, I suggest you choose a residential apartment, because most commercial apartments are closed to natural gas and cannot meet the basic needs of life.

3. Pay attention to the surrounding environment and supporting facilities of the community: the environment of the community is very important, no matter whether the apartment is occupied or used for other purposes. When buying a house, buyers need to see whether the supporting facilities of the community can meet the needs of life, and whether there are basic supporting facilities for life near the community, such as supermarkets, vegetable markets and medical clinics.

How many years can I borrow an apartment loan?

How many years can I borrow the apartment?

According to relevant regulations, the longest term of apartment loan is 30 years. If you buy the first suite, then the down payment ratio is usually 30%; If you buy a second suite, the interest and down payment will usually go up10%; Buy a third suite, the bank can not give loans.

Disadvantages of buying an apartment

1, and the land use period is short.

Compared with residential buildings, the biggest disadvantage of apartments is the short service life of land. Under normal circumstances, the residential land use period is 70 years, but the apartment is only 40 to 50 years, and the land use period of the apartment expires, and it is necessary to pay a certain land transfer fee to continue using it.

2, high taxes and fees are difficult to change hands.

According to relevant regulations, residential transactions can be exempted from land value-added tax, but apartments cannot. Generally speaking, the collection of land value-added tax is generally based on the value-added amount, and the value-added part is taxed at 30%-60%. In addition, there is a business tax of 5.5%, and all taxes and fees add up to 10%- 14% of the total price.

What should I pay attention to when buying an apartment?

1, pay attention to housing property rights

According to relevant regulations, the nature of housing use right is the same as land use right, including residential land, commercial land and industrial land. In the process of buying a house, as long as you look at the land use column on the land use certificate, you can see at a glance whether it is a house or an enterprise.

2. Choose brand developers

Generally speaking, brand developers are more powerful than small developers, and the most important thing is higher ability. Moreover, large enterprises are more responsible, and there will be no unfinished business and delayed delivery.

3. It is recommended to choose a superior location.

In the process of buying a house, try to choose an area with mature business circle and convenient transportation. There are two reasons for this. On the one hand, it is easy to rent, and at the same time the rent is guaranteed. On the other hand, due to the large appreciation space, it is conducive to other uses.

Can I get a loan for my apartment?

You can get a loan to buy an apartment.

Taking Xi 'an as an example, according to the Notice of Xi People's Government on Printing and Distributing Several Opinions on Promoting the Stable and Healthy Development of the Real Estate Market in Xi 'an, houses with a single building area of less than 1.44 square meters and an actual transaction price less than 1.44 times the average transaction price of houses (including apartments) on the same level of land can enjoy preferential credit and tax policies for ordinary housing.

However, to apply for provident fund loans for "apartment building" projects, the following conditions must be met at the same time: according to the nature of the land, the planned land is residential land, and when applying for personal provident fund loans, the "apartment building" projects with 70-year property rights are accepted according to ordinary residential standards. Apartment projects that do not meet the above conditions cannot use personal housing provident fund loans.

In order to further relax the conditions of provident fund loans, lower the extraction threshold, expand the scope of use, realize loans in different places in the province, implement portfolio loans, reduce the progress requirements of loan application projects, and comprehensively improve the personal loan rate and utilization rate of housing provident fund. The maximum amount of housing provident fund loans is adjusted to 750,000 yuan; The loan repayment period can be extended to 5 years after the statutory retirement age of employees, with a maximum of 30 years.

Extended data:

The difference between ordinary houses and apartments;

The "Code for Residential Design" and "Code for Residential Building" of the Ministry of Housing and Urban-Rural Development make it clear that residential buildings are buildings for families to live in. Apartments are divided into business apartments and public welfare apartments.

Business apartments are divided into residential, mixed and hotel. Public welfare apartments include student apartments and elderly apartments. There is no obvious difference in the nature and ownership of land between residential apartments and ordinary houses.

Residential apartment land belongs to residential land, with a service life of 70 years (50 years in some places); The land category of mixed apartment belongs to the comprehensive land use life of 50 years; The land category of serviced apartments belongs to commercial land, with a service life of 40 years.