With the construction and development of cities, there will be demolitions caused by problems such as urban planning and development. For this part of the demolished people, they will generally get resettlement houses. Can they get loans for this kind of resettlement houses? This is a lot. Questions that people want to know, Tubatu editor has compiled some relevant content. If you are not sure, you can learn more:

Can I get a loan for resettlement housing?

Resettlement housing is a government Houses built to resettle the demolished households during urban road construction and other public facilities construction projects. That is, houses that are demolished due to urban planning, land development and other reasons and resettled for the residents or lessees to live in. According to the provisions of our country's laws, the transfer transaction of a resettlement house can only be carried out after obtaining the property certificate of the resettlement house. The transfer transaction at this time is no different from that of ordinary houses. The resettlement targets are urban residents whose houses have been demolished, as well as farmers whose houses have been demolished. As the pace of urban construction and development further accelerates, it is urgent for the government to build as many resettlement houses as possible to continuously meet the needs of the demolished households.

There are currently two types of resettlement housing:

The first type is supporting commercial housing built or purchased mid- to low-price commercial housing due to the relocation of residents due to major municipal projects. Such as the World Expo demolition on both sides of the Huangpu River. According to relevant regulations, if the resettled person obtains this kind of supporting commercial housing, the property rights of the house belong to the individual, but it cannot be listed and traded within 5 years of obtaining ownership.

The other type is demolition due to real estate development and other factors. The demolition company resettles through other channels or buys low- and medium-priced commercial houses on behalf of the resettlement people (compared to the market price). This type of commercial housing is no different from general commercial housing. It is the private property of the resettled persons. There is no transfer period limit and it can be freely listed and traded.

Can I get a loan for a resettlement house? This is a question many people have. The land for resettlement houses is allocated. If you don’t have a house title certificate, you can’t get a loan. If you have a house title certificate, you can get a loan. If the resettlement house is a policy service , then it is estimated that the bank will not accept it as collateral and will not be able to provide mortgage loans. Some demolition resettlement houses have the same property rights as ordinary commercial properties, and such houses can be mortgaged. The resettlement houses have large property rights and can be borrowed from banks and provident fund loans are no problem.

Resettlement house loan conditions:

1. The resettlement house has obtained a real estate certificate;

2. The local government does not have special local policies that allow the real estate to be obtained Certified resettlement housing loan.

Conditions for commercial loans for resettlement housing:

1. A natural person who is over 18 years old and has full capacity for civil conduct;

2. A stable occupation and income , Good credit and ability to repay;

3. Other conditions stipulated by the bank.

Of course, some provinces and cities have different requirements for resettlement housing loans.

Conditions for resettlement housing provident fund loans:

The loan targets are employees who have paid housing provident funds in accordance with regulations and have full capacity for civil conduct, and must meet the following conditions at the same time:

1. Have a permanent residence or valid residence status within the administrative area;

2. When applying for a loan, make normal and continuous contributions to the housing provident fund for more than one year (inclusive). Newly opened employees must make normal and continuous contributions to the housing provident fund. Deposit the housing provident fund for more than six months (inclusive);

3. The actual demolition of resettlement houses occurs;

4. Agree to use the full value of the resettlement houses purchased with the loan as Mortgage;

5. Have stable economic income, good personal credit, and sufficient ability to repay the principal and interest of the loan;

6. The borrower and his wife have no outstanding housing provident funds Loan

Resettlement housing loan process:

1. Submit a loan application and prepare relevant materials;

2. The lending institution reviews the materials and makes an approval;

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3. After approval, both parties sign a loan agreement;

4. The borrower handles mortgage registration;

5. The lending institution issues the loan.

After obtaining the real estate certificate, resettlement houses are no different from ordinary houses. In terms of loans, they can be obtained as long as they meet the conditions. However, each local government and bank have different conditions for resettlement house loans. If it is different, it should be based on the local one. It is best to consult the local bank.

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