Generally, the loan ratio for the first home is 7%, that is, buyers need to prepare a down payment of 3%. In the actual loan, the loan ratio also needs to be determined according to the lender's economic situation, age and other specific circumstances. When the loanable amount cannot reach 7%, it means that buyers should prepare more down payment.

Calculation of loan amount for house purchase

The loan amount mainly depends on the following factors:

1. Down payment ratio:

The bank loan amount, affected by the loan down payment ratio, usually cannot exceed the difference between the total house price minus the down payment.

For example, for a house with a total price of 1 million yuan, the down payment is 3%, then the maximum loan amount = 1-1x3% = 7,

The down payment ratio will be adjusted with the property market policy, and the requirements of different banks in different regions are also different. It is best for buyers to understand the local housing purchase policy.

2. The borrower's repayment ability:

The repayment ability mainly refers to the monthly income, which can reflect a person's repayment ability. The usual requirement of banks is that the monthly income is more than twice the monthly mortgage payment.

3. Personal credit information:

Personal credit information is an important project for banks to inspect borrowers, and it is a prerequisite for obtaining the expected amount and preferential loan interest rate. Some banks will check the borrower's credit card records within two years and the loan records within five years. The strict bank review time will be longer, and those who do not meet the credit requirements may be reduced, and in serious cases, they will be refused loans. Therefore, everyone should pay attention to their credit records in peacetime, pay back credit cards and loans on time, and avoid overdue.

4. Guarantee ability:

Some banks will also check the payment of the borrower's medical insurance, pension insurance and housing accumulation fund, which can reflect his repayment ability from the side.

5. Age of the house:

If you buy a second-hand house, the age of the house will also affect the loan amount. Usually, the requirement is 2-25 years, the relatively loose one will require 3 years, and the strict one is 1 -15 years. The loan amount for older second-hand houses may be reduced, and the younger the house is, the easier it is to get loans, and the amount is also higher than that for older houses.