1, housing provident fund loan: for residents who have already paid the housing provident fund. When buying a house with a loan. Housing provident fund low-interest loans should be given priority. Housing provident fund loans have the nature of policy subsidies, and the loan interest rate is very low, which is not only lower than the loan interest rate of commercial banks (only half of the mortgage interest rate of commercial banks), but also lower than the deposit interest rate of commercial banks in the same period.
2. Commercial housing loans: The above two loan methods are limited to employees who have paid the housing provident fund. There are many restrictions. Therefore, people who have not paid the housing provident fund have no chance to apply for loans, but they can apply for personal housing secured loans from commercial banks, that is, bank mortgage loans. As long as the balance of deposit in the loan bank accounts for not less than 30% of the funds needed for house purchase, it will be regarded as the down payment for house purchase. And there are assets recognized by the loan bank as collateral or pledge, or units or individuals with sufficient compensation capacity as guarantors to repay the principal and interest of the loan and bear joint and several liabilities, they can apply for the use of bank mortgage loans.
3. Individual housing portfolio loans: provident fund loans that can be issued by the housing provident fund management center. The maximum amount is generally1-290,000 yuan. If the purchase price exceeds this limit, the insufficient part shall apply to the bank for commercial housing loans. These two kinds of loans are collectively called portfolio loans. This business can be handled by the real estate credit department of a bank in a unified way. The combined loan interest rate is moderate and the loan amount is large, which is more for the lender to choose.
How to borrow money to buy a house
With the resumption of the policy of restricting purchases and loans in many cities across the country, buyers need to meet certain conditions when applying for commercial loans, and the down payment ratio varies according to the number of houses owned by buyers and loan records. Under normal circumstances, the down payment ratio of the first suite in the restricted city is mostly 30%, and buyers can consult the local bank in advance.
Property buyers should try to prepare complete materials before applying for commercial loans, so as to avoid wasting time in the application process. These materials mainly include: ID card, household registration book, income certificate for half a year, and running water certificate. It should be noted that according to bank regulations, the income certificate must be guaranteed to be twice as much as the monthly loan application.
This shows that no matter what kind of loan you choose, there are many requirements. Among them, it is especially necessary to remind everyone that provident fund loans are the most common choice for many netizens, but they can only be selected if they meet the corresponding conditions. Provident fund loans are limited by loan quotas.