Houses in rural areas can't be mortgaged like commercial houses.

The property right certificate of many houses belongs to collective property right, which means that there is no individual property right certificate, which means that you can't apply for a bank loan. For those friends who have got the real estate license, it is enough to indicate "permanent use right" on your land use certificate, and other rural self-built houses are not allowed.

A house marked with "permanent use right" means that not only the house belongs to you personally, but also the land is in your name. At present, there is basically no private ownership of land in China, which is all state-owned.

The Interim Measures for the Pilot Project of Mortgage Loan for Farmers' Housing Property Rights was promulgated. Before the introduction of this method, rural self-built houses could not be mortgaged, because the security law clearly stipulated that collectively owned land use rights such as homesteads could not be mortgaged.

Extended data

Although rural self-built houses cannot be mortgaged to banks, they can apply for loans from local rural credit cooperatives when building houses, and the loans are mainly for farmers' friends. But if you have a provident fund, you can also apply for a provident fund loan from the bank. China's provident fund regulations clearly stipulate that the provident fund can be used to build your own house. You can take it out directly or borrow money.

Loan conditions of mortgage loan: legal status; Have a stable economic income, have the ability to repay the loan principal and interest, and have no bad credit record; There is a legal and effective purchase contract; If the newly purchased house is used as the maximum mortgage, it must have a legal and effective purchase contract, the age of the house is within 10 years, and the down payment of not less than 30% of the total price of the purchased house has been prepared or paid; If the mortgage loan has been purchased, the original mortgage loan has been repaid for more than one year, the loan balance is less than 60% of the value of the mortgaged house, and the mortgaged house has obtained the property ownership certificate, and the age of the house is within 10 year;