Moreover, it would be great if this mortgage can be solved by provident fund loans. So, can couples use provident fund loans to buy a house? What are the loan terms?
There is no doubt that couples can use provident fund loans to buy a house. So we skip this question and only say what conditions couples need to meet when buying a house with provident fund loans.
First, both husband and wife need to pay the provident fund.
This is the most basic condition. If you haven't paid the provident fund, you can't buy a house with a provident fund loan. Therefore, if both husband and wife are borrowers, they must both buy provident fund locally and have a certain balance in their accounts.
Two, both husband and wife must pay the provident fund 1 year or more.
Maybe one of the couples, the previous company didn't provide housing provident fund, and they jumped ship and bought a house. However, if the payment period is less than 1 year, you cannot apply for using the provident fund loan to buy a house.
Three, both husband and wife must have no provident fund loans in return.
This means that if one of the husband and wife uses the provident fund loan to buy a house before marriage and is still repaying the loan, it is not allowed to apply for the provident fund loan in the name of the husband and wife.
Fourth, the house property certificate must have the names of both husband and wife.
5. proof of income of both husband and wife is required.