Buying a house after paying off the housing loan is still in accordance with the second suite. The identification of the second suite is not based on whether the loan is paid off, but on how many houses there are under its name. And the second suite is recognized by the borrower's family (including the borrower, spouse and minor children).

According to Article 1 of the Notice on Standardizing the Criteria for Determining the Second Set of Housing in Commercial Personal Housing Loans, the number of residential units in commercial personal housing loans shall be determined according to the number of complete housing units actually owned by family members (including borrowers, spouses and minor children, the same below).

Extended data:

Article 3 of the Notice on Standardizing the Second Set of Housing Identification Standards for Commercial Personal Housing Loans is under any of the following circumstances, the lender shall implement the second set or more differentiated housing credit policies for the borrower:

(a) the borrower applies for a loan to buy a house for the first time, and his family has registered one or more complete sets of housing in the housing registration information system (including the pre-sale contract registration and filing system, the same below) where the proposed house is located;

(two) the borrower has used the loan to buy a set (or sets) of housing, and applied for a loan to buy housing;

(3) The lender is convinced that the borrower's family already owns a house (or above) through due diligence in the form of credit record inquiry, face-to-face test and interview (home visit when necessary).

Baidu encyclopedia-second suite

Baidu Encyclopedia-On Standardizing the Second Set of Housing Identification Standards in Commercial Personal Housing Loans