Legal analysis: Generally speaking, a loan to buy a house will sign a contract after paying the down payment. The contents of the contract will clearly stipulate the responsibilities of the buyer and the seller. When buying a house with a loan, it is necessary to ensure that the loan is approved before the transaction can continue. The seller must trade at the price agreed in the contract after the loan is approved. Therefore, once the seller reneges on the loan, he can sue the seller according to the contract. If the seller fails to perform the contract, it will compensate part of the loss of house purchase. If the loan application is already under examination and approval, the house is in urgent need of funds. At this time, the seller repents and hopes to take back the house and resell it to the buyer who can directly provide funds. This kind of breach of contract was unilaterally proposed by the seller, so it also needs compensation. Specific compensation needs to be negotiated by both parties or determined by a court decision.

Legal Basis: Interpretation of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Disputes over Commercial Housing Sales Contracts Article 4 The seller accepts the buyer's deposit as the guarantee for concluding the commercial housing sales contract by subscription, order and appointment, and if the commercial housing sales contract cannot be concluded due to one of the parties, it shall be handled in accordance with the provisions of the Deposit Law; If the commercial housing sales contract cannot be signed due to reasons not attributable to both parties, the seller shall return the down payment to the buyer.