The provident fund is one of the five insurances and one fund. Many units do not have such benefits. If there is a provident fund, it can be used. How long does it take to buy a house after paying the one fund for a certain period of time? Used for withdrawal. So what are the conditions for applying for a loan to buy a house? These little common sense are very important and are a good reference for everyone to buy a house. Let’s take a look.
How long does it take to buy a house after paying one fund?
The provident fund must be paid for more than one year before it can be used. Materials required for a housing provident fund loan: household registration booklet of the borrower and his or her spouse; resident ID card of the borrower and his or her spouse; proof of the borrower's marital status; proof of down payment for house purchase; credit report of the borrower and his or her spouse printed by the bank; A house sales contract or agreement that complies with legal requirements.
Conditions for applying for a loan to buy a house
1. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans. Employees who do not participate in the housing provident fund system cannot apply for housing provident fund loans.
2. Those who participate in the housing provident fund system must also meet the following conditions when applying for a housing provident fund personal home purchase loan: that is, they must have continuously paid and deposited the housing provident fund for no less than six months before applying for a loan. This is because if employees’ behavior of paying housing provident funds is abnormal and intermittent, it means that their income is unstable and risks will easily arise after the loans are issued.
3. If one spouse applies for a housing provident fund loan, neither spouse will be able to obtain a housing provident fund loan again before the spouse repays the principal and interest of the loan. Because housing provident fund loans are financial support provided to meet the basic housing needs of employee families, and are a kind of "housing security" financial support.
4. When applying for a housing provident fund loan, the loan applicant must have a relatively stable economic income and the ability to repay the loan, and must not have a large amount of outstanding debt that may affect the repayment of the housing provident fund loan. capacity for other debts. When employees are burdened with other debts, granting housing provident fund loans is very risky and violates the principle of safe operation of housing provident funds.
5. The maximum term of provident fund loans shall not exceed 30 years. When applying for a portfolio loan, the loan terms of the provident fund loan and the commercial housing loan must be consistent.
The above introduces the issue of how long it takes to buy a house with one gold payment. Under normal circumstances, the provident fund can only be used after one year, so you need to prepare the required materials and apply according to the specific process. What are the conditions for applying for a loan to buy a house? The specific application conditions are still very important. Only those who meet the standards can apply. Everyone needs to know these application procedures and conditions.