the down payment for the first suite is between 2% and 3%. If you apply for a provident fund loan, if the Taoxing construction area is below 9 square meters (inclusive), the minimum down payment ratio of the loan is 2% of the total house price. If the building area is more than 9 square meters, the minimum down payment is more than 3%. Commercial loans generally require a minimum down payment of 3%.
preferential policies for the first suite
1. Preferential policies for the purchase of the first suite loan:
Under 9 square meters, the loan can be up to 8%, and the interest rate will drop by 2-3%. Over 9 square meters, the loan can be up to 7%, and the interest rate will drop by 2-3%.
2. Procedures required for buying a first-hand house with a loan:
Identity certificate of the borrower and spouse, work or business certificate, income certificate, first-home certificate, contract, agreement or other valid documents for buying a house, down payment certificate for buying a house and other materials required by the bank.
3. The first suite, that is, the first residence, can be regarded as the first suite if there is no property under the name of the purchaser and spouse. If you are unmarried, it will not be considered as the first suite until you reach the legal age of marriage. Some local policies stipulate that single men should be at least 3 years old, single women should be at least 28 years old, and single individuals who are under the prescribed age are counted as family purchases. If parents have a house, it is not the first suite.
Precautions for buying a house with a loan
1. Prepare funds for buying a house: buying a house requires a large sum of money. Even if you buy a house with a loan, buyers need to prepare sufficient funds for buying a house. Buyers should fully understand their own financial situation and family expenses and do what they can. In addition to the house payment that must be paid, deed tax, house maintenance fund, decoration expenses and property expenses need to be reserved.
2. Understand the real estate policy and legal knowledge: Different cities have different requirements for the real estate market. Whether it is to buy a house with a loan or to buy a house in full, buyers should know something about the city's purchase restriction policy and loan interest rate before buying a house.
Choosing the right loan method: We should first understand the different loan methods and repayment methods, and choose the loan method, loan amount, time and repayment method to reduce the loan cost, which requires everyone to make reasonable arrangements according to their different economic conditions.
About the down payment for the first suite, how much is the minimum down payment for the first set of down payment for buying a house? I hope everyone can buy their favorite house.