The down payment of second-hand houses in Wuhan is based on the total evaluation price, with a down payment of 30% and a second down payment of 50%. In Wuhan, no matter whether it is a first-hand house or a second-hand house, the same interest rate standard is implemented. At present, the basic annual interest rate of mortgage is: 6. 15% (loan term is more than five years) and 6% (loan term is less than five years).

Down payment limit for second-hand houses in Wuhan

1. If the purchased property is the first suite, the down payment for the second-hand mortgage shall not be less than 30%. The 30% mentioned here does not refer to the transaction, but to the evaluation price. Second-hand housing loans are based on the evaluation of second-hand housing, and the general evaluation price is lower than the market price.

2. If the buyer already has a real estate, then his down payment ratio on the second-hand house should be around 70%. At present, the benchmark interest rate is 6.55%, and some banks can get a 15% discount on the first set. According to the regulations, loans are not allowed for three properties.

The down payment is paid after signing the contract. If the evaluation is over, the contract is signed and the down payment is made, the transfer formalities can be handled. However, there are regional differences in this process, which generally takes about 20 working days to no more than 30 working days. Just like you said, pay the down payment directly to the owner. I wonder if you are borrowing money to buy a house. If so, the down payment should be paid to the bank. If it is not a loan to buy a house, your previous deposit has been given to the homeowner. The rest will be paid in one lump sum after the processing is completed.

Wuhan second-hand housing loan interest rate

At present, the basic annual interest rate of mortgage is: 6. 15% (loan term is more than five years) and 6% (loan term is less than five years). The bank will give corresponding preferential treatment according to the conditions of the loan applicant, and at present, the minimum discount can be 15%; If the credit rating is above Grade II, the interest rate will rise 10-30%. (Data are for reference only)

Wuhan second-hand housing loan process

1. Submission of materials, application: The buyer and the seller take all relevant materials and go to the bank. Receive and fill in the application form of personal loan for second-hand houses in Wuhan, and then submit the materials to the staff for review. The staff will make a preliminary evaluation of the materials and give an approximate loan amount and years. When the three parties agree, the bank will contact the designated real estate appraisal agency for house inspection and appraisal.

2. Evaluation: At that time, Wuhan real estate appraisal agency will go to the property office for evaluation. Upon completion, the appraisal agency will issue an appraisal report to the bank. The time-consuming of this stage will depend on the agreed situation, and it can generally be completed within 3-5 working days.

3. Bank approval: The bank will review the qualifications of loan applicants. After meeting the requirements, the bank will examine and approve the loan amount and term according to the housing appraisal price and the qualification of the comprehensive lender. The approval process usually takes about 5 working days.