Parents cannot withdraw their children's provident fund when buying a house. Only when my spouse and I buy a house can we withdraw the housing provident fund. According to the Regulations on the Management of Housing Provident Fund, the co-applicant of employee's personal loan is the borrower's spouse. Only in the case of co-borrower, can other people's housing provident fund be used. The provident fund cannot be directly used as the down payment for buying a house. If citizens want to buy a house through housing provident fund loans, they need to spend first and then withdraw, that is, pay the down payment first, and then bring their ID cards and household registration books. If you are married, you need to provide proof materials such as marriage certificate, and go to the local housing provident fund management center to extract the storage balance in the provident fund.

Children's provident fund is generally unable to help parents repay the mortgage, because the mortgage is handled by parents and the owner of the house is parents, not children. Children naturally can't use their own provident fund to help their parents repay their mortgages. In short, whoever is the borrower of the mortgage will pay it back. Of course, if the parents run a relay loan, and their children's names are also written on the real estate license, and their children are co-borrower whose houses are mortgaged, then their children can still use the balance in their provident fund accounts to help their parents repay the mortgage.

Children can withdraw their parents' provident fund under the following three circumstances:

1, the situation of buyers not using housing loans.

2. If the purchaser uses a personal housing loan from a commercial bank, the borrower, his spouse and parents can withdraw the housing provident fund for the down payment at one time.

3. Property buyers use provident fund loans, and parents of borrowers and spouses of borrowers can apply for one-time withdrawal of housing provident fund.

4. Adult children can't use their parents' provident fund to buy a house alone, but if they buy a house with their parents, they can withdraw their parents' provident fund as a down payment. If you borrow money together, you can also withdraw your parents' provident fund for repayment. However, if you don't apply for a loan together and only buy a house together, you can only withdraw your parents' provident fund for the down payment, but you can't withdraw it for repaying the monthly payment.

legal ground

Regulations on the administration of housing provident fund

Article 2 These Regulations shall apply to the deposit, withdrawal, use, management and supervision of housing provident fund in People's Republic of China (PRC).

The term "housing accumulation fund" as mentioned in these Regulations refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units and social organizations (hereinafter referred to as units) and their employees.