Portfolio loan means that borrowers who meet the requirements of personal housing commercial loans can apply for personal housing provident fund loans at the same time, that is, borrowers can apply for personal housing provident fund loans and personal housing commercial loans from banks at the same time with the purchased urban self-occupied housing (or other guarantee methods recognized by banks) as collateral.
What is the process of buying a house with a portfolio loan?
1. Lenders applying for housing portfolio submit a written application to the local housing fund management department and submit relevant materials.
2. Sign the contract. After obtaining the amount of individual housing loan from the housing provident fund, the portfolio lender who applies for the house purchase applies for the portfolio loan from the loan enterprise bank with the Notice of Entrustment of Individual Housing Loan from the provident fund management department. After the application is approved, it is necessary to sign a loan contract and a guarantee contract with the loan enterprise bank and notarize it.
3. Apply for mortgage insurance. After signing the contract, go through the necessary formalities such as mortgage registration and insurance at the loan bank, pay the mortgage registration and insurance fees, and hand over the original insurance policy to the loan bank for safekeeping.
4. Open an account. Customers who choose to entrust deduction for repayment will open a special savings passbook account in the loan bank for repayment. At the same time, the seller shall open a special deposit account in the loan enterprise bank.
5. expenditure. Lenders applying for housing portfolio fill in the deposit certificate of housing portfolio loan at the front desk of banking accounting, and then the loan enterprise bank directly transfers the loan to the borrower's deposit account according to the contract.