The process of parents' provident fund buying a house for their children is as follows: ① Bring the valid identity documents of the borrower (children and parents) to the local housing provident fund center to apply for a loan and sign a payment agreement. (2) Entrust a housing appraisal institution recognized by the Provident Fund Center to appraise the housing. (3) the provident fund center approves the loan application. (4) The borrower goes through the guarantee procedures, pays all kinds of taxes and fees for house purchase, and signs loan contracts, mortgage contracts and other procedures.

Legal basis: Article 24 of the Regulations on the Management of Housing Provident Fund stipulates that employees may withdraw the storage balance in the housing provident fund account under any of the following circumstances:

Purchase, construction, renovation and overhaul of owner-occupied housing;

2 retired;

(three) completely lose the ability to work, and terminate the labor relationship with the unit;

(4) Having left the country to settle down;

(5) Repaying the principal and interest of the house purchase loan;

Rent exceeds the prescribed proportion of family wage income.

In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time. If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account will be included in the value-added income of the housing provident fund.