Legal analysis: Yes. Housing reform can be mortgaged by banks. Housing reform loans refer to loans obtained by borrowers with saleable public housing purchased from housing property units as collateral according to national housing reform policies. The loan ratio is 50-60% of the appraised value of the real estate, the loan term is 10 year, and the expected annualized interest rate of the loan is higher than the benchmark year 10%. When handling a loan, the borrower needs to provide the bank with proof of the use of the loan funds. Banks are strict with borrowers' credit records. Although there is no property right certificate in the housing reform, it has not affected the handling of such real estate loans. In addition, most banks in China have started this kind of loan business.

Legal basis: Article 47 of People's Republic of China (PRC) Real Estate Management Law refers to the act that the mortgagor provides the mortgagee with debt performance guarantee with his legal real estate without transferring possession. When the debtor fails to perform his debts, the mortgagee has the right to be paid in priority with the proceeds from auction of mortgaged real estate according to law.