In order to stimulate consumption in the real estate market, many places have introduced corresponding new provident fund policies, such as allowing provident fund loans to be transferred with collateral to further optimize the transaction process of second-hand houses; Another example is the introduction of provident fund to pay the down payment for buying a house. Under normal circumstances, a loan to buy a house requires you to bear a certain percentage of the down payment, so what does the provident fund mean to pay the down payment? Let's get to know each other.

What does the provident fund mean to pay the down payment for buying a house?

It is also a policy that the provident fund pays the down payment for house purchase, that is, many areas support employees and their spouses who meet the conditions for the withdrawal of house purchase provident fund to sign agreements with development enterprises or sellers, and use the balance in individual housing provident fund accounts as pre-purchase funds. This means that whether you buy a new house or a second-hand house, you can directly withdraw the balance of the housing provident fund account to pay the down payment.

When buying a house, the down payment of the house itself is also a large sum of money. Before the implementation of the provident fund down payment policy, many people did not buy a house because of insufficient down payment. The implementation of the policy of provident fund paying down payment for house purchase means that people can greatly reduce the pressure of down payment for house purchase.

Of course, for different regions, the policy of provident fund to pay down payment for house purchase is different. For example, according to the regulations of Dazhou, Sichuan, employees who have paid the housing provident fund in Dazhou without loan debt are allowed to withdraw the housing provident fund and buy self-occupied housing for their children or parents within Dazhou. If you buy self-occupied housing in Dazhou, adult children or parents are allowed to apply for housing provident fund loans. In addition, if Dazhou housing provident fund loan is used to purchase a house, the depositor can apply for withdrawing the balance of the account to pay the down payment after retaining 5% of the loan amount in his provident fund account, and implement "repaying the loan by loan".