Is there any regional restriction on buying a house with provident fund loans?
There are geographical restrictions on buying a house with provident fund loans. At present, there are still few cities that support provident fund loans in different places. Most cities only support provincial provident fund loans in different places, and few cities support nationwide provident fund loans in different places, with no household registration restrictions. Cities that support cross-provincial provident fund loans can be counted with your fingers, so it is not suitable for people who often change their cities to use provident fund loans.
1, national housing provident fund loan in different places
It means that if you pay the housing provident fund in any city in the country, you can apply for a provident fund loan to buy a house back to your domicile. But the reality is that only a few cities nationwide support housing provident fund loans, and most cities still do not. At present, the supported cities are: Beijing, Shanghai, Guangzhou, Shenzhen, Chongqing, Tianjin, Harbin, Taiyuan, Shijiazhuang, Chengdu, Hainan, Urumqi, Guiyang and Xining.
2. Inter-provincial housing provident fund loans
It means that you can apply for the housing provident fund paid by your work unit and return to your account to buy a house, even if your work unit and location are in two provinces respectively. The cities currently supported are: Wuhan, Changsha, Nanchang and Nanning. Among them, Nanning and Guangxi and other 2 1 provinces (autonomous regions) directly managed provident fund centers realize loan intercommunication, and can purchase houses in the other provincial capital cities, regardless of household registration.
Procedures for applying for provident fund loans
1. application
Borrowers need to apply for housing provident fund loans at the municipal housing provident fund management center, and need to fill in the application form for housing provident fund loans and submit relevant materials.
2. First trial
The housing fund management center will conduct a preliminary review of the borrower's application to evaluate his qualification, loan amount and loan term. After passing the preliminary examination, the Housing Provident Fund Management Center will issue the Notice of Collateral Audit and Evaluation.
Step 3 evaluate
The borrower needs to bring the Notice of Collateral Audit and Evaluation to the appraisal institution designated by the Housing Fund Management Center, and the appraisal institution will evaluate the value of the purchased house. After the evaluation is completed, the evaluation agency will issue an evaluation report.
4. Loan review
The borrower needs to bring the appraisal report and preliminary examination materials to the housing provident fund management center for loan review. After the approval, the Housing Provident Fund Management Center will issue the Notice of Investigation on the Entrusted Loan Guaranteed by the Housing Provident Fund Management Center.
5. Go through the guarantee procedures, sign the contract and borrow money from the bank.
The Borrower shall handle the guarantee formalities with the Notice of Investigation on Entrusted Loan Guaranteed by Housing Provident Fund Management Center, and then sign this contract. The housing fund management center will also sign an entrusted loan agreement with the entrusted bank, and then the entrusted bank will sign a mortgage contract, a pledge contract and a guarantee contract with the borrower for housing provident fund entrusted loan according to the agreement, and go through the loan procedures. Finally, the entrusted bank will directly transfer the loan to the seller's account.
How long does it take to approve provident fund loans?
The loan application form is usually completed on the same day. It usually takes two days for the bank to review before lending and the housing provident fund management center to review. Generally, it takes only one day for the provident fund management center to review loans. After approval, it usually takes two days for the loan bank to sign a loan contract with the borrower. It usually takes two days for the loan bank to send the borrower's information to the housing provident fund. City housing provident fund loan approval, generally takes three working days to complete. The borrower can transfer money to the loan bank in one day. In short, the approval of provident fund loans generally takes 18 to 19 working days.