First of all, the loan to buy a house can only be applied in the bank. Usually, when you apply for a mortgage in a bank, you need to review personal credit report, bank flow and other information. If there are overdue records in the personal credit report, it is impossible to apply for a loan to buy a house. This means that only after the overdue record on the credit report disappears can users apply for a mortgage. According to the regulations, overdue records of credit information will be kept for 5 years after users fulfill their repayment obligations. After 5 years, the overdue records are eliminated, and users can apply for loans to buy a house in the bank.

What is the process of buying a house loan?

1. The developer proposes the mortgage loan cooperation intention to the loan bank. The loan bank investigates the developer's development projects, building qualification, credit rating, person in charge's conduct, corporate social goodwill, technical strength, operating conditions and financial conditions, and signs a mortgage loan cooperation agreement with qualified developers.

2. The purchaser and the developer sign the Commercial House Sales Contract and pay the required down payment according to the contract requirements. Within seven days from the date of voluntary payment, the purchaser shall provide materials that meet the requirements of the mortgage bank and directly apply for a mortgage loan from the developer cooperative bank.

3. The loan bank investigates and reviews all aspects and processes of the purchaser, and goes through the preliminary procedures with the purchaser who meets the basic conditions (including the spouse of the purchaser). The application approval period is generally within 7 days.