1. Not higher than the specified maximum loan limit.
For the purchase of the first set of housing, the maximum amount of housing provident fund loans is 600,000 yuan; When purchasing a second house, if the existing housing construction area of Wuhan employees' families is140m2 or less, the maximum loan amount is 500,000 yuan.
2. Not higher than the specified maximum loan ratio.
(1) If the first house is purchased as a first-hand house (including commercial housing, fund-raising housing and affordable housing), and the construction area of Xing Tao is less than 90 square meters (inclusive), the maximum loan ratio shall not exceed 80% of the total price; If the construction area of Xing Tao is over 90 square meters, the loan ratio shall not exceed 70% of the total house price.
When buying a second-hand house, the completion time of the purchased house is within 10 year (including 10 year), and the maximum loan ratio does not exceed 70% of the total house price; If the completion time of the purchased house is within 1 1-20 years (including 20 years), the maximum loan ratio shall not exceed 60% of the total house price; If the completion time of the purchased house is within 2 1-30 years (including 30 years), the maximum loan ratio shall not exceed 50% of the total house price.
(2) For the purchase of a second house, if the existing housing construction area of Wuhan workers' families is140m2 or less, the maximum loan ratio shall not exceed 40% of the total house price.
3. Not higher than the loan amount determined according to the loan repayment ability.
The specific calculation formula is: loan amount = (borrower's monthly contribution to provident fund)/sum of contribution ratio of units and individuals+sum of spouse's monthly contribution to provident fund/sum of contribution ratio of units and individuals) ×35%× 12 months× loan period;
4. Not higher than the loan amount comprehensively determined according to the deposit time and deposit balance of the provident fund.
The calculation formula is: loan amount = (borrower's provident fund deposit balance+spouse's provident fund deposit balance) ×20 times× deposit time coefficient. Among them, if the sum of the deposit balance of the borrower and spouse is less than 6,543.8+0,000 yuan, it will be calculated as 6,543.8+0,000 yuan (see the table below for the deposit time factor), and the deposit account of the provident fund must be a normal deposit account.
If there are differences between the provident fund center and the bank, I suggest you contact the provident fund management center for confirmation.
Contact information of provident fund center:
1. Wuhan Housing Provident Fund Management Center Contact: 027- 12329
2. Contact information of Hubei Provincial Provident Fund Management Center: 027-8723 1623