Due to the high housing prices, most home buyers choose to buy a house with a loan. So the question is, do you know what the new home loan policy is? Who will have more difficulty applying for a loan? Let me give you a brief introduction below.

New housing loan policy

For borrowers who purchase affordable housing, the down payment ratio shall not be less than 20% of the total purchase price; when purchasing a first home other than affordable housing , the down payment ratio shall not be less than 30% of the total purchase price; if purchasing a second house, the down payment ratio shall not be less than 60% of the total purchase price. If a loan applicant purchases an existing house, the total price shall be based on the lower of the appraised value of the house and the total purchase contract price.

Who will find it more difficult to apply for a loan

The first type is those whose current flow does not meet the conditions

For home buyers who want to apply for a bank mortgage loan, One of the necessary conditions is a bank statement. Because if you want to apply for a loan, the applicant's bank balance must be more than twice the monthly loan repayment amount. Because in this way, the applicant will have enough conditions to pay the monthly repayment. If the applicant does not meet the conditions for repayment, the bank will certainly not grant the loan.

The second type is those with a lot of debt

I believe many people know that credit report proof is one of the important criteria for considering debt, and a good credit report record is also required when applying for a loan. First condition. If you have a bad credit score or a huge amount of debt, you will not be able to get a loan no matter which bank you go to.

The third type is people without stable jobs

In addition, everyone needs to provide proof of employment when applying for a loan. Since bank loans require repayment on time each month, if there is no stable financial source, there is no guarantee that the applicant can repay the loan on time. You know, banks will not risk lending to such people.

Editor’s summary: After reading the above introduction, I believe everyone has a better understanding of the new housing loan policy. If you want to know more relevant information, please continue to pay attention to our website, and we will present you with more exciting content in the future.