Zhangzhou, Fujian: Provident funds can be used to pay the down payment for a house

China.com Real Estate News On May 19, the Housing and Urban-Rural Development Bureau of Zhangzhou City, Fujian Province issued a notice that provident funds can be directly used to pay the down payment for home purchases. House-purchasing employees (including ***owners) and their spouses who purchase newly built commercial housing (including ***ownership houses, limited-price houses, and other allotment-type affordable housing) within the jurisdiction of Zhangzhou City can apply to the municipal housing The provident fund center applies to withdraw the housing provident fund (including housing subsidies) from the provident fund account to pay the down payment for the house purchase. In terms of quota, the total amount withdrawn shall not exceed the down payment stipulated in the "Commercial Housing Sales Contract".

In order to implement the Provincial Party Committee’s “Improving Efficiency, Effectiveness, and Benefit” actions, continuously optimizing the service, entrepreneurship and business environment, actively responding to the impact of the COVID-19 epidemic, and continuing to improve the level of housing provident fund services, according to the " The Guiding Opinions of the Fujian Provincial Department of Housing and Urban-Rural Development on Further Optimizing the Down Payment of Housing Provident Fund for Employees When Purchasing New Commercial Housing (Min Jianjin (2022) No. 1) and the "Guiding Opinions of the Fujian Provincial Department of Housing and Urban-Rural Development on Actively Responding to the Impact of the Epidemic and Promoting In the spirit of the document "Notice on Several Measures for the Healthy Development of the Housing and Urban-Rural Construction Industry" (Min Construction Office [2022] No. 4), combined with the actual situation of our city, the Zhangzhou City Housing Provident Fund Center has formulated operational rules, which will be implemented from May 16, Zhangzhou City Provident Fund Deposit-paying employees can apply for "purchasing a new commercial house and withdrawing the housing provident fund to pay the down payment" according to the following process materials.

If the following conditions are met, house-purchasing employees (including *** property owners) and their spouses can apply to the Municipal Housing Provident Fund Center to withdraw the housing provident fund (including housing subsidies) in the provident fund account to pay for the house purchase. Down payment:

(1) Purchase new commercial housing (including private property housing, limited-price housing and other allotment-type affordable housing) in the area under the jurisdiction of Zhangzhou City.

(2) The developer of the newly purchased commercial housing has gone through the real estate registration procedures at the Zhangzhou Housing Provident Fund Center and signed a "Letter of Commitment".

1. Withdrawal Amount

The total amount withdrawn by house-purchasing employees (including *** property owners) and their spouses shall not exceed the down payment stipulated in the "Commercial Housing Sales Contract".

2. Procedures

(1) The development enterprise must go to the Zhangzhou Housing Provident Fund Center to complete the real estate registration procedures and sign the "Letter of Commitment".

(2) House-purchasing employees can check online or offline to print proof of personal provident fund account information, as a auxiliary proof of financial resources, and sign a "Commercial Housing Sales Contract" with the development company.

(3) House-purchasing employees should bring relevant withdrawal materials to the provident fund processing window to sign the "Authorization Letter" and apply to withdraw the housing provident fund for the down payment.

(4) Each processing window will review the materials submitted by employees who purchase houses, and at the same time inquire about the real estate registration status of the real estate development companies purchased by employees in the Provident Fund Center, handle those that meet the withdrawal conditions immediately, and withdraw the employees' funds The housing provident fund is directly transferred to the pre-sale fund supervision account agreed in the "Letter of Commitment" of the development enterprise.

(5) Each provident fund window will query the invoice information through the provincial aggregation platform within 10 working days after the employee housing provident fund is transferred, and the "Commercial Housing Sales Contract Online Signing and Filing Certificate" through the real estate information platform; If the query cannot be found, the house-purchasing employee or development company should supplementally submit the down payment invoice and the "Commercial Housing Sales Contract Online Signing and Filing Certificate" to the provident fund window that handles down payment withdrawal.

3. Withdrawal materials

When employees apply to withdraw housing provident funds, they should provide the following materials: (1) The original copy of the "Commercial Housing Sales Contract".

(2) "Power of Attorney" signed by the employee (including spouse) who is purchasing the house.

(3) Original ID card of the employee purchasing the house.

(4) Original certificate of marriage relationship and original ID card of spouse.

IV. Other regulations

(1) Applications for withdrawing provident funds to pay for the down payment of a house can only be handled by the house-purchasing employee himself and his spouse, and no other person is allowed to apply on his behalf.

(2) House-purchasing employees should accurately calculate the amount to be withdrawn. If the down payment has been withdrawn, they can no longer apply to withdraw the provident fund account balance of themselves and their spouses by purchasing this property. They can only apply for loan repayment and withdrawal.

(3) If the provident fund window cannot find the invoice information through the provincial aggregation platform, and the "Commercial Housing Sales Contract Online Signing and Filing Certificate" cannot be found through the real estate information platform, the employee must demand payment from the real estate development company purchased by the employee. .