After seeing the new house you like in the sales department, you need to pay the down payment first, and then handle the relevant loan work. But whether the loan can be approved is related to many factors. Will the loan for buying a new house be fully refunded if it is not approved? What are the reasons for the loan failure? For more details, please see the introduction below. Anyone who has bought a house should know that the sales department needs to pay the down payment before handling the relevant loan work after seeing the new house that they like. However, whether the loan can be approved is still affected by many factors. Will the loan for buying a new house be fully refunded? What are the reasons for the loan failure? For more details, please see the introduction below.

Will the loan for buying a new house be fully refunded if it is not approved?

Whether the down payment can be refunded or not depends on different situations:

1. If it is due to bank reasons, such as tight quota, the buyer can negotiate with the seller to terminate the house purchase contract, and the seller shall unconditionally refund the down payment.

2. If the loan approval is affected by the buyer's own reasons, such as tainted credit record or insufficient repayment ability, the first thing to do is to find a solution, such as finding a guarantee company to guarantee or extending the repayment period.

If it still can't be solved, we can only cancel the purchase contract. In this case, the buyer needs to bear the liability for breach of contract, pay liquidated damages to the seller, and the seller should return the deposit.

Therefore, no matter what causes the loan to be impossible, the down payment on the house purchase can be refunded. The only difference is whether the buyer needs to pay liquidated damages.

What is the reason why the loan can't be done?

1. Imagine why others can apply for a loan successfully, but the bank refuses the loan. In fact, most of the reasons why loans can't be processed are borrowers, for example, borrowers don't provide materials in time, or the materials provided are incomplete or untrue, which leads to the inability to handle bank loans; Personal income certificate, bank running water, etc. There is a problem and it does not meet the loan conditions of the bank; Lenders' personal credit problems, etc.

When buying a house, everyone must pay attention to find out whether there is any problem with the property right of the house. For example, small property houses, only the sales contract has no proof of property rights and is not recognized by the real estate registration department. Once the policy land is developed, the bank may face the risk of drawing water with a sieve, so this bank directly refuses to lend. In addition, older second-hand houses may also be refused loans by banks.

3. The inability to apply for a loan may also be the reason for the developer. If the developer fails to implement the mortgage loan bank and fails to submit the mortgage loan materials in time, it will also lead to the bank mortgage loan not being processed. Of course, this situation is relatively rare. In order to make money by selling houses, no one wants customers not to apply for loans.

Will the loan for buying a new house be fully refunded if it is not approved? What is the reason why the loan is not approved? The above text has given you an introduction. If the house you bought has been paid, the rest of the money will not be approved. Whether you can get a full refund depends on the signed contract and related agreements. There are many reasons why the loan is not approved, so you should avoid these reasons before handling it.