Parents' provident fund can give their children loans to buy a house, but their parents' names must be written on the real estate license, which means that parents must be one of the property owners of the house before they can use their parents' provident fund loans. In addition, if it involves parents' repayment, it can also be withdrawn according to the repayment method of provident fund. The specific situation needs to go to the local housing provident fund management center for detailed inquiry.
The condition for parents to use the provident fund to buy a house for their children is 1. Children are unmarried and underage, and they still belong to the same family structure as their parents.
2. Parents must be the main borrowers of the loan, and their names should be written on the real estate license.
3. Parents' provident fund loans meet the conditions of local provident fund loans.
4. The borrower needs to be able to provide enough mortgage down payment. The amount of provident fund loans is limited, and the rest need to be paid in the form of down payment.
5. Children and parents have good credit information and no bad credit records.
Purchase process of provident fund loan 1 Confirm the qualification of provident fund loans.
If you want to buy a house with a provident fund loan, you must first confirm with the provident fund center whether you are qualified to buy a house with a provident fund loan. Many places have certain requirements for buying a house with provident fund loans, such as the deposit period of provident fund, the amount of provident fund loans, and the number of provident fund loans. Only when the conditions for applying for provident fund loans are met can a loan application be initiated.
2. Apply to the Provident Fund Center.
If you are sure that you can buy a house with a provident fund loan, you can choose the property you want to buy. After finding the real estate you want to buy, you can apply for a loan from the provident fund center and provide relevant materials according to the requirements of the provident fund loan.
3, provident fund center for approval.
After receiving the loan application, the provident fund center will examine and approve the loan application. Provident fund loans review the authenticity of users' credit information, income and purchase of real estate. Those who meet the conditions of provident fund loans will be approved.
4. Handle real estate transaction procedures
After the provident fund loan is approved, you need to go to the real estate trading center for real estate transaction procedures, mainly including tax payment, real estate transfer and other procedures. The transaction procedure of real estate is a very important part of the provident fund loan to buy a house. If the property cannot be transferred, the provident fund loan will be cancelled. If the property can be transferred normally, the provident fund loan can be issued smoothly.
5, provident fund center loans.
After the property transfer transaction is completed, the relevant documents of the property mortgage need to be submitted to the provident fund center, which will review the relevant materials after receiving them. After the approval of the provident fund center, the provident fund center will issue loans, which will be paid to the individual account first, and then the money will be paid to the developer by entrusted payment.