A house with a room age of 27 years can be loaned, but the approval rate of the bank is relatively low, so it is difficult to apply successfully. Although banks have no requirements for the age of the house, all banks prefer houses with short age, and the loan approval rate of such houses is high. In addition, in some areas, if it exceeds 20 years, banks will not lend.
Under normal circumstances, the house has a service life of more than 30 years, and banks will not lend no matter whether they apply for commercial loans or provident fund loans, because the ownership of the house is 40 to 70 years. If it exceeds 30 years, it means that the service life of the house is shortened and lending is prone to risks.
Therefore, when banks approve housing loans, they often decide the loan period according to the use time of the house. In other words, the longer the housing age, the shorter the loan period and the higher the housing age, the more cautious banks will be in lending. Moreover, short-lived houses have longer loan life and are more likely to be approved by banks. It is worth mentioning that if you choose a provident fund loan, your personal record can't exceed twice, otherwise you can't apply for a loan.
In addition, when applying for a second-hand housing loan, the bank will generally go to the door to evaluate the house and then determine the loan amount according to the evaluation value. Among them, the evaluation is calculated according to the current market situation. The older the house, the lower the evaluation value and the less the loan amount. For houses with more than 20 years, the loan period is often within 10 years, which means that all loans need to be paid off within this period, and the monthly payment pressure is great. Therefore, property buyers should be cautious when buying second-hand houses, and don't buy them rashly, which is risky.
I hope the above answers are helpful to you.