There are many materials needed to apply for portfolio loan, including ID card and photocopy, original and photocopy of household registration book, original and photocopy of house sales contract, photocopy of advance payment receipt, personal seal (one for married couple), personal salary and income certificate, etc.
First of all, take a copy of the purchase contract and the developer's pre-sale permit, personal ID card and seal, housing provident fund savings card, and go to the real estate credit department of the local bank to apply for housing provident fund loans. If it is approved, then sign a loan contract, go through the formalities of loan guarantee and housing mortgage insurance, and sign a repayment agreement. At the appointed time, the borrowing bank can transfer the money to the selling unit.
What are the conditions for applying for a portfolio loan?
1. The portfolio lender applying for house purchase has legal status.
2. The portfolio lenders who apply for house purchase are employees who pay the housing provident fund in full and on time.
3. The portfolio lender applying for house purchase has stable economic income, and the portfolio lender applying for house purchase has good credit and the ability to repay the principal and interest of the loan.
4. The portfolio lender applying for house purchase has legal and effective house purchase and overhaul contracts and agreements, as well as other explanatory documents required by the loan enterprise bank.
5. The portfolio lender applying for house purchase has self-raised funds exceeding 20% of the house price to pay the down payment of the house.
6. There are things mortgaged or pledged with the approval of the loan enterprise bank, or legal persons, other economic institutions or natural persons with sufficient ability to repay loans as guarantors.
7. The portfolio lender applying for house purchase meets the loan conditions stipulated by the local provident fund management.