Nowadays, young people are under increasing pressure to buy a house. Many times, they need the support of their parents to realize their dream of buying a house. Many young people save money to buy a house. At this time, if they have provident fund to buy a house, it will definitely be easier. However, provident fund loans also have requirements for housing age. Next, Bian Xiao will introduce you to the requirements for housing age provident fund loans.
What are the requirements for housing age for provident fund loans?
If it is a provincial provident fund, it is required that the total age of the house and the loan period of the provident fund should not exceed 40 years, and the total loan amount should not exceed 50% of the total house price, and it must be within the loanable amount. For houses with a room age of more than 20 years, the down payment shall not be less than 60%.
Relationship between loan period and house age;
1, bank policy, banks have requirements for the term of mortgage loans, which generally does not exceed 30 years. Some banks have shortened the maximum term of loans, such as Beijing, and the maximum term of second-home loans has been shortened to 25 years.
2. The borrower's repayment ability, how many years he can borrow, is also closely related to his repayment ability. When auditing the borrower's income, the bank should ensure that the income is enough to repay the monthly mortgage. The relationship between monthly mortgage payment and income is: monthly mortgage payment ≤ monthly income X50%.
3. The borrower's age, the longest time of provident fund loan: municipal: 70- older couples' age, state: 69- older couples' age.
4. The room age is generally within 30 years; Calculation of the longest loan term: the loan term is 50 (different banks). Some banks stipulate that the loan period should not exceed 30 years, some stipulate that it should not exceed 40 years, and some stipulate that it should not exceed 50 years.
Bian Xiao's conclusion: What are the requirements of provident fund loans for housing age? I hope I can help you. I believe that after the above contents are passed, what are your requirements for the housing age of provident fund loans? If you have more knowledge, you can also refer to it in the future.
What is the age range of provident fund loans?
The housing age of provident fund loans is less than 25 years.
Lenders applying for housing provident fund loans need to submit a written application to the bank and fill out the Application Form for Housing Provident Fund Loans.
Truthfully provide the following information:
Proof of deposit of the housing accumulation fund of the applicant and spouse, and proof of identity of the applicant and spouse,
It refers to valid residence documents such as resident identity card and household registration book, proof of marital status, proof of stable family income, creditor's rights and debts and other valid documents that affect repayment ability.
Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. According to national regulations, all employees who have paid housing provident fund can apply for individual housing provident fund loans according to the relevant provisions of provident fund loans.
Provident fund loans refer to individual housing provident fund loans, which are issued by local housing provident fund management centers. With the housing provident fund paid by employees who apply for provident fund loans, commercial banks are entrusted to provide mortgage loans to housing provident fund depositors who purchase, build, renovate or overhaul their own houses and retired employees who pay housing provident fund during their employment. According to the regulations, employees who have paid housing provident fund for a certain number of years or more (the number of years varies from city to city, such as 12 months or more in Changsha) can apply for provident fund loans when the funds for purchasing, building, renovating or overhauling their own houses are insufficient.
The loan conditions are: the employees of the unit have signed labor contracts for more than three years (or signed 1 year labor contracts for three consecutive years); Normal continuous monthly housing provident fund deposit exceeds a certain period; Not exceeding the statutory retirement age; The borrower has a stable economic income and the ability to repay the principal and interest; The borrower agrees to handle the mortgage registration and insurance; Provide the guarantee method agreed by the local housing provident fund management center and its sub-centers; At the same time, submit relevant documents required by the bank, such as house purchase contract or house pre-sale contract, real estate license, land use certificate, deposit certificate of provident fund, etc.
Letter of credit clause
1. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans. Employees who have not participated in the housing provident fund system cannot apply for housing provident fund loans.
2. If you participate in the housing provident fund system, you must also meet the following conditions to apply for a housing provident fund personal housing loan: that is, you must pay the housing provident fund continuously for not less than 6 months before applying for the loan. Because, if the employee's behavior of paying housing provident fund is abnormal and intermittent, it means that his income is unstable and he is prone to risks after issuing loans.
3. If one of the husband and wife has applied for a housing provident fund loan, both husband and wife shall not obtain a housing provident fund loan again before paying off the principal and interest of the loan. Because the housing provident fund loan is a kind of "housing security" financial support to meet the basic housing needs of workers' families.
4. When applying for a housing provident fund loan, the loan applicant must have a relatively stable economic income and repayment ability, and there are no other outstanding debts that may affect the repayment ability of the housing provident fund loan. When employees have other debts, it is risky to lend to housing provident fund, which violates the principle of safe operation of housing provident fund.
5. The term of the provident fund loan shall not exceed 30 years. For portfolio loans, the loan conditions of provident fund loans and commercial housing loans must be the same.
Term of provident fund loan, house age
Provident fund loans do not require the age of first-hand houses, but require the age of second-hand houses. The specific requirements are as follows: 1, the age of second-hand houses is less than 5 years (inclusive), and the longest provident fund loan is not more than 30 years; 2. The age of the second-hand house is 6 years to 19, and the longest term of the provident fund loan shall not exceed the difference between 35 years and the age of the house; 3. If the age of the second-hand house exceeds 20 years (inclusive), the longest term of the provident fund loan shall not exceed 15 years. Generally, banks stipulate that the service life of the house applying for a loan should be within 15 years, and the loan amount generally ranges from 50% to 80% of the real estate assessment amount, mainly depending on your personal credit situation. "Regulations on the Management of Housing Provident Fund" Article 24 Employees may withdraw the balance of the housing provident fund account under any of the following circumstances: (1) purchasing, building, renovating or overhauling their own houses; (2) retirement; (three) completely lose the ability to work, and terminate the labor relationship with the unit; (4) Having left the country to settle down; (5) Repaying the principal and interest of the house purchase loan; (six) the rent exceeds the prescribed proportion of family wage income. In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time. If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.
Let's stop here for the introduction of the age limit for provident fund loans.