Changsha currently implements the policy of recognizing a house and purchasing a loan. If a household has a residence in its name and the loan has been paid off, and applies for a commercial loan to purchase a second residence, the down payment ratio is 35%; If the mortgage loan for the first home has not been repaid and the second home is purchased, the down payment ratio is 45%. If we apply for a provident fund loan to buy a second home, the down payment ratio is 60%.

Some people will apply for a provident fund loan when applying to buy a second home, because provident fund mortgage interest rates are lower. In Changsha, you need to wait 12 months after the loan has been paid off before you can apply for a provident fund loan to buy a second home. The loan limit of provident fund is related to the personal loan rate. If the personal loan rate is lower than 75%, the loan limit is 20 times of the provident fund account balance; if the personal loan rate is higher than 95%, the loan limit is 12 times of the provident fund account balance. This year, the personal loan rate announced by Changsha Provident Fund was 96.52%.

Usually the amount of provident fund loans is limited, so many home buyers choose combination loans. When we purchase a second home portfolio loan, the down payment ratio is 60%. When a home buyer applies for a combination loan, he or she needs to meet the conditions for both a bank housing loan and a provident fund loan.

Policies for buying a second home in Changsha

1. The first home must be purchased after three years before you can buy a second home:

According to relevant regulations, Changsha City If a registered household already owns a house, it can only purchase a second house three years after obtaining the property ownership certificate for the first house. If the household is not registered in this city and does not have a house in this city, it is necessary to provide personal information for more than 12 months. The period for tax or social security certificates is increased to 24 months; the purchase restriction area is adjusted to the administrative area of ????this city.

2. The city’s household registration limit is limited to 2 units, and the sale of commercial houses is limited to 2 years:

Families registered in this city who already have two or more houses in the purchase-restricted area will be suspended, and The sale of one or more houses to non-local registered households in purchase-restricted areas has been suspended; commercial housing purchased in purchase-restricted areas needs to obtain a property rights certificate for two years before it can be listed on the market.

3. The first "purchase restriction and loan restriction" policy was introduced in the past five years:

In March, the "purchase restriction and loan restriction" policy was introduced for households without household registration in the city to purchase houses in Changsha. The purchase of one new house is limited, and the down payment ratio for the first home cannot be less than 30%. The purchase restriction areas in Changsha include Furong District, Tianxin District, Yuelu District, Kaifu District, Yuhua District, Wangcheng District, and Changsha County.