The down payment ratio of provident fund loans was lowered to 20%. In order to implement the provincial government's "Opinions on Promoting the Sustainable, Stable and Healthy Development of the Real Estate Industry" policy, and make full use of the housing provident fund to support the development of the real estate business. Provincial housing fund management issued the following provisions.

1, the loan amount is increased to 600,000 yuan, and employees who have paid the housing provident fund for six months or more normally, continuously and in full can apply for housing provident fund loans. The housing provident fund loan limit will be raised from 500,000 yuan to 600,000 yuan, and the housing provident fund loan limit for single employees will be raised from 400,000 yuan to 500,000 yuan.

2. The down payment ratio is reduced to 20%, and the down payment ratio of provincial housing provident fund loans is reduced from 30% to 20%. .

3. Increase the withdrawal amount of housing provident fund for buying houses. When employees pay the housing provident fund to buy a house (excluding second-hand houses) and withdraw the housing provident fund, they need to provide the down payment amount. This time, it is never less than 30% of the total house price. Reduce to not less than 20% of the total house price; , the withdrawal amount is the balance in the housing provident fund account and does not exceed the total purchase price.

skill

The above answer is only for the current information combined with my understanding of the law, please refer carefully!

If you still have questions about this issue, I suggest you sort out relevant information and communicate with professionals in detail.

How much is the down payment for the provident fund loan?

1. If the construction area of the purchased house is less than 90 square meters (inclusive), the down payment ratio shall not be less than 20%;

2. If the building area of the purchased house is more than 90 square meters, the down payment ratio shall not be less than 30% (specifically depending on the minimum down payment ratio agreed in the contract agreement).

3. If you buy a second suite instead of the first suite, according to the regulations of the State Council, the minimum down payment ratio must reach 40%. Moreover, different regions and different banks, according to local housing purchase policies, market conditions and other factors, it is estimated that there will be some fluctuations on this basis, which may require a down payment of 50% to 60%, or even as high as 70%.

If the down payment ratio is not high and the customer has sufficient funds, you can actually pay more. If the down payment is increased, the loan amount can be reduced. In this way, mortgage approval can also provide some help, and it will be easier to pass the approval.

Extended data:

How to apply for provident fund loan to buy a house

1. The borrower shall submit a written application for housing provident fund loan to the housing provident fund management department, and truthfully fill in the housing provident fund loan application form and related materials, such as: personal identity card, borrower's marriage certificate, income certificate of the applicant and spouse, original legal purchase contract, stamp of the applicant and spouse, etc.

2. Housing provident fund management conducts a preliminary examination of the applicant's materials, including the applicant's qualifications, loan amount, term, etc. After the preliminary review is passed, the management will issue a notice of collateral review and evaluation.

3. After the applicant has obtained the appraisal report issued by the appraisal institution, he shall go to the provident fund management department for examination and payment with the appraisal report and preliminary examination materials. If approved, the management will issue the Notice of Investigation on Entrusted Loans for Housing Provident Fund Management Guarantee.

4, the applicant holds the "housing fund management guarantee entrusted loan investigation notice", in accordance with their own choice of guarantee procedures. If the selected guarantee method is mortgage guarantee, the guarantor shall issue a written guarantee certificate; If the guarantee method you choose is mortgage plus insurance or third-party guarantee, you should go to the guarantee company to handle the entrusted guarantee formalities or go to the insurance company to insure.

5. After the above matters are approved, the applicant can sign a loan contract.

How much is the monthly housing accumulation fund for civil servants?

The provident fund loan is RMB 6,543,800+0.5 million with a term of five years. The monthly repayment amount varies according to the repayment method. There are usually two repayment methods: matching principal and interest and average capital. According to the benchmark interest rate level, the monthly repayment amounts of these two repayment methods are as follows:

The equal principal and interest is 2678.67 yuan per month.

The average capital is 2843.75 yuan in the first month, and then 5 yuan is less every month, and 2505.73 yuan in the last month.

Users who pay the provident fund use the provident fund to apply for housing provident fund loans. All employees who pay housing provident fund can apply for individual housing provident fund loans.

First, provident fund loans are only based on your salary and personal credit information. The balance in the provident fund is closely related to the loan amount. The provident fund center needs to see if you have the ability to repay. The loan must bear interest. Provident fund loans are much cheaper than commercial loans.

Second, provident fund consumer loans have the lowest interest rate among credit loans. If there is no problem in other aspects, the general annualized interest rate is around 5%, and you can pay interest first. first

1: See how long you have paid the provident fund (have you stopped paying and changed companies). Generally speaking, you can apply for provident fund for more than 6 months in a row. Try local policies. I used to work in finance in Beijing. Take Guangzhou as an example, some banks can accept the provident fund for only three months. It would be better if the continuous time exceeds 1-2 years. Products with interest first and then interest are better than those with short deposit time.

2. Look at the deposit base: some banks accept the minimum base, while others require a deposit base of more than 500, 1000 or 1200. The higher the base, the higher the salary, and the wider the range of products that can be made. The general product quota is about 20 times of the individual contribution base of the provident fund.

Third, some cities depend on the ratio of house price to down payment:

Provident fund loan amount ≤ house appraisal price-down payment

For example, Liu bought a house of 1 10,000 yuan (evaluation price) in the third-tier city XX, with a down payment of 30%, that is, 300,000 yuan;

Then the amount of provident fund loan obtained by Liu Neng is = 1 10,000-300,000 = 700,000; Liu can use the provident fund loan to handle all the mortgages for himself.

Fourth, some cities are based on personal income level and monthly deposits (such as Beijing):

1, the loanable amount of provident fund = (monthly household income-basic living standard)/monthly loan repayment amount per 10,000 yuan during the loan application period;

2, monthly income = individual housing provident fund monthly deposit amount ÷ housing provident fund deposit ratio;

3. The current basic living standard is 1.323 yuan per month. If the monthly income of Zhang Jiating who works in Beijing is 20,000 yuan, the monthly loan repayment amount per 10,000 yuan during the loan application period is 56.72, that is, 0.005672. Then the loanable amount of a provident fund = (20000-1323)/0.005672 = 3,292,800 (in fact, it has been exceeded, see the second part for details).

Let's stop here for the introduction of the down payment of the civil service provident fund loan.