The condition for buying a house with a down payment of 20% is that if the home buyer is a first-time home buyer and the building area of ??the house purchased is less than 90 square meters (inclusive), the minimum loan down payment ratio is 20% of the total price of the house. In addition, if the provident fund purchases a house with a construction area greater than 90 square meters, the minimum down payment is more than 30%. The minimum down payment for a commercial bank mortgage loan for a first-time home is more than 30%. The minimum down payment for a second home is 40%.

General conditions for home purchase loans

1. Natural persons aged 18-60 years old;

2. Have a stable career, stable income, and repay the loan principal and interest on schedule ability;

3. The actual age of the borrower plus the loan application period should not exceed 70 years old;

4. There are legal and valid contracts and agreements for purchasing, constructing, and overhauling housing. and other supporting documents required by the lending bank;

5. Self-raised funds of more than 30% of the total price of the purchased house (for those who purchase a self-occupied house with a building area of ??less than 90 square meters, self-raised funds are required) The financing ratio is 20%), and it is guaranteed to be used to pay the down payment of the purchased house;

6. Have assets approved by the lending bank for mortgage or pledge, or/and have sufficient repayment ability Legal persons, other economic organizations or natural persons serve as guarantors.

Things to note when paying a down payment when buying a house

1. Verify the developer’s five certificates

It is necessary to verify the developer’s land certificate, construction land planning permit, and construction project plan Among the five certificates, including the license, construction license and sales license, the most important ones are the state-owned land use certificate and the commercial housing pre-sale license. If these two certificates are accurate, there will be no problem in general, especially the pre-sale license. Certificates. It is particularly important to remind buyers that when checking the five certificates, they must look at the originals. Photocopies are easy to cheat. This is also the key to whether they can apply for a property rights certificate in the future.

2. Confirm the pricing method and payment terms

Clear the pricing method, total price and payment terms. The price per square meter should be clearly stated in the contract. If other costs are included ( Such as the initial installation fee for water heating and gas, etc.) should be listed together; is the house payment to be paid in one lump sum or in installments? Is it to be paid in cash or by bill, etc.

3. Confirm whether the rights and obligations in the contract terms are equal.

Be sure to pay attention to whether the rights and obligations in the contract terms are equal and submit your modifications in a timely manner. In my opinion, the main place to study is the supplementary part of the developer's contract. Be careful not to harm your own interests or give up your relevant rights. Signing a contract is a very serious matter and a legal act, so it is very important to understand before signing.