Can Haining use provident fund loans to buy commercial housing?
You can use provident fund loans to buy commercial housing in Haining. What conditions do buyers need to apply for provident fund loans?
1. The borrower of Haining has an urban hukou;
2. Haining himself and his unit have paid the housing accumulation fund in full and on time in this city for more than 1 year (calculated from back to front);
3. Haining has stable professional income, good credit and the ability to repay the principal and interest of the loan;
4. Haining has a legal purchase contract or agreement and the required self-raised funds;
5. Haining has assets stipulated in the Guarantee Law as mortgage or pledge of loans;
6. Haining agrees to handle house purchase guarantee or mortgaged property insurance;
7. Haining City agrees to other conditions stipulated by the Housing Provident Fund Management Center.
For Haining residents who have participated in the payment of housing provident fund, low-interest loans for housing provident fund should be the first choice. 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 in the same period (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. In other words, there is a spread between the mortgage interest rate of the housing provident fund and the bank deposit interest rate. At the same time, when handling mortgage and insurance related procedures, the housing provident fund loan will be charged by half.
What are the procedures for Haining to buy commercial housing with provident fund loans?
1. preliminary examination: the housing provident fund management center conducts preliminary examination of the materials submitted by the applicant, including the applicant's qualification, loan amount, loan period, etc. After passing the preliminary examination, the center will issue the Notice of Collateral Review and Evaluation.
2. Appraisal: Haining applicant holds the Notice of Collateral Examination and Appraisal to the appraisal institution designated by the Center to appraise the value of the purchased house. Affordable housing does not need to be evaluated.
3. Audit: Haining applicants go to the center for loan audit with the evaluation report issued by the evaluation agency and the preliminary examination materials required by the center. Meet the conditions, the center issued the "housing provident fund management center entrusted loan investigation notice".
4. Handling guarantee procedures: Haining applicant holds the Notice of Investigation on Entrusted Loan Guaranteed by Housing Provident Fund Management Center, and handles guarantee procedures according to the guarantee method he chooses.
5. Sign a loan contract.
6. Haining Housing Provident Fund Management Center signed an entrusted loan agreement with the entrusted bank.
7. The borrower of Haining directly applies for a loan to the housing provident fund management center, and the entrusted industry can summarize the borrower's application materials as needed and submit them to the housing provident fund management center for approval.
8. Haining Housing Provident Fund Management Center shall sign an entrusted loan contract with the entrusted bank after verifying the amount, term and interest rate of each loan.
The above is my answer to whether Haining can use provident fund loans to buy commercial housing and what procedures Haining should go through to buy commercial housing with provident fund loans. There are many experiences and answers about buying commercial housing online. If there's anything you don't understand, you can go to official website in all provinces and cities to find the answer, and there will be a satisfactory reply. I hope the above answers can help you.