Jinhua Provident Fund Second Home Loan Policy

The second set of housing provident fund loan policy

When buying a house, many people will choose loans to buy a house in order to reduce their economic pressure, among which provident fund loans are the first choice for many people. So what is the second-home provident fund loan policy? Let me introduce you here.

The second set of housing provident fund loan policy

According to China's latest policy, the minimum down payment ratio of the first and second sets of housing provident fund loans is 20%, but the maximum amount of the second set of housing provident fund loans can only reach 800,000, and the personal loan interest rate of housing provident fund with a loan term of less than 5 years is 2.75%; The loan interest rate for more than 5 years is 3.25%; The interest rate of the second home loan is 1. 1 multiple of the benchmark interest rate.

Matters needing attention in purchasing a house with provident fund

1. Provident fund cannot be directly used as down payment for house purchase.

If buyers want to use provident fund loans to buy a house, they also need to pay a down payment first, and then go to the local housing provident fund management center to advance the balance of the provident fund and go through the loan procedures with the identity of themselves and their spouses, household registration books and other relevant supporting materials.

2. The total withdrawal from the provident fund cannot exceed the total house payment.

The total amount of housing provident fund withdrawal cannot exceed the total value of the house. If you have 800,000 yuan in your housing provident fund account, but the total amount of the house you bought is less than 800,000 yuan, you can't withdraw it all.

3. After the provident fund loan is settled, you can use the provident fund to buy a house.

If your provident fund loan is not paid off, you and your spouse can't apply for provident fund loan again. If the previous loan has been settled, you can apply for a provident fund loan again. At present, the provident fund loan adopts the policy of recognizing the house and not recognizing the loan. As long as there is no room under the name of the buyer and the previous provident fund loan has been paid off, no matter how many times you apply for provident fund loans, it can be counted as the first suite.

The above is the introduction of the second-home provident fund loan policy, hoping to provide some help for everyone to buy a second home, so that everyone can buy their own house smoothly.

What are the second-home provident fund loan policies?

1. You can continue to apply for provident fund loans for second homes when you buy a second set of commercial housing, but you can stop issuing provident fund loans to paid employees who buy a third or more houses. 2. If you bought a commercial house (residence) by mortgage before and then sold it, now you are going to buy a new commercial house (residence), and applying for provident fund loan is still the first set. Different from commercial banks, banks "recognize housing and loans" and provident fund centers "recognize housing but not loans". In other words, the provident fund center only recognizes the real estate under the applicant's current name, and does not calculate the historical records of his own real estate and mortgage loans. 3. When the loanable amount of employees' provident fund loans is insufficient to pay the house purchase price, employees can apply to the entrusted bank for commercial housing loans, which will be distributed to employees in the form of a combination of provident fund loans and commercial housing loans. 4. If the provident fund loan is secured by mortgage, the borrower (i.e. the employee who applies for provident fund loan, the same below) shall use the purchased house as collateral. The borrower shall sign a mortgage contract with the entrusted bank and go through the mortgage registration formalities in accordance with the provisions of this Municipality on the registration of real estate rights. 5. If the provident fund loan is secured by pledge, the borrower or the third party shall provide the voucher-type national debt recognized by the provident fund center and the entrusted bank, the local currency time deposit certificate of the entrusted bank, and other rights certificates that can be pledged according to law. The borrower shall sign a pledge contract with the entrusted bank, and go through the formalities of transfer of title certificate within the time limit stipulated in the contract. Decision of the State Council on Amending the Regulations on the Management of Housing Provident Fund Article 12 The Housing Provident Fund Management Committee shall, in accordance with the relevant provisions of the People's Bank of China, designate commercial banks entrusted with the financial business of housing provident fund (hereinafter referred to as the entrusted banks); The housing provident fund management center shall entrust the entrusted bank to handle financial services such as housing provident fund loans and settlement, as well as the establishment, deposit and return procedures of housing provident fund accounts.

Provisions on the purchase of second suites by provident fund

The provisions of the provident fund to buy two suites are as follows:

1. The down payment ratio of the second housing provident fund personal housing loan is not less than 50%, and the loan interest rate is not less than 1. 1 times of the first housing provident fund personal housing loan interest rate in the same period;

2. Stop issuing housing provident fund personal housing loans to paid workers' families who buy third and above houses. The notice once again reiterated that it would stop issuing personal housing provident fund loans to paid workers' families who bought third and above houses.

The interest rate of provident fund loans to buy a second home will increase. The interest rate of the housing provident fund loan to purchase the second house will rise by 1. 1 times according to the benchmark interest rate. If the loan is more than five years, it is 1. 1 times 3.25%, which is 3.575%, but some cities will calculate it as 3.58%. Relatively higher than the first suite, but because the interest rate of the provident fund loan itself is not high, it is actually very cost-effective. If conditions permit, it is also a good choice to buy a second suite with a provident fund loan.

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Provident fund to buy two suites policy

Prerequisites for buying two suites with provident fund loans:

1. If the provident fund loan is used for the first suite and the loan has not been paid off, you cannot use the provident fund loan to buy the second suite. If you have never used provident fund loans before or used provident fund loans to buy a house but the loans have been paid off, you can continue to use provident fund loans to buy a house.

2. If you use the provident fund loan to buy the first suite, then sell the first suite and pay off the loan to buy another one, you can buy the first suite as a provident fund loan.

Matters needing attention

1. If you use the provident fund to buy a second suite, you can't use the provident fund to buy a third suite.

2. The provident fund can't afford the down payment. Because it is a second suite, the state requires a higher down payment than buying a suite, and the repayment rate of buying a second suite will be higher than buying a first suite. According to different local policies, please consult the local provident fund management center for details.

The longest loan period is thirty years. The sum of the lender's age and loan term shall not exceed 70 years.