The relocated house can also be regarded as a kind of real estate for demolition and resettlement. At this time, it is equivalent to the discount compensation with the developer, so the parties may have to pay a certain price. Then, in the case of insufficient funds, can the relocated house be a provident fund loan? I will give you a detailed answer below.
1. Can I use provident fund loans for relocated houses?
Relocated houses can also apply for provident fund loans, mainly because the construction area of relocated houses exceeds the construction area of demolished houses, and they can apply for provident fund loans. The applicant must pay the provident fund 12 months in full and continuously, and must bring his identity certificate, demolition agreement and receipt for expanding the area when applying.
Second, can the relocated house be loaned?
Can I get a loan for the relocated house? The transaction of the relocated house is legal and effective and protected by law, so according to this principle, the relocated house can be loaned. Resettlement housing loans should be carried out according to the following steps.
1. Lender's application;
The borrower goes to the loan bank to fill in the Application Form for Personal Housing Loan and submit the following materials: (1) the borrower's ID card and household registration book; (2) Letter of Intent for House Purchase or other supporting documents; (3) A certificate of stable income of the borrower's family issued by the borrower's unit; (4) Other certificates required by the lending bank.
2, the loan bank review;
The loan bank examines the borrower's loan application and other supporting materials, issues a loan commitment letter after passing the examination, and signs a mortgage contract with the borrower.
3. The borrower signs a purchase contract with the selling unit;
The borrower signs the purchase contract with the selling unit with the loan commitment letter issued by the loan bank, and requires the selling unit to sign the purchase contract.
4. The borrower handles mortgage insurance;
The borrower holds the house purchase contract to the insurance institution designated by the loan bank to handle the insurance of the mortgaged house.
5. The borrower signs a personal housing mortgage loan contract with the loan bank;
The borrower holds a house purchase contract, mortgage contract, custody contract and insurance policy, and signs a personal housing mortgage loan contract with a third party (legal person) guarantor at the loan bank, and goes through the mortgage registration with the real estate management authority within 30 days. If the parties request notarization, they can go to the notary office for notarization.
6. Loan bank transfer;
The loan bank will transfer the loan to the deposit account of the selling unit stipulated in the purchase contract.
From the above introduction, we know that relocated houses can not only apply for loans from banks and other financial institutions, but also apply for provident fund loans, but they need to go through the loan procedures in accordance with the regulations of banks.