House Purchase Loan Policy Nanjing’s Latest Home Purchase Loan Policy

First home loan policy_Latest policy regulations

The so-called "first home" must meet three conditions at the same time: the buyer is over 18 years old; the house purchased is 90 square meters and The following ordinary housing; the buyer currently does not have any housing purchased alone or jointly with others. A first home loan is a loan for purchasing a first home. Let’s take a look at some policies for first home loans.

First Home Loan Policy

Purchasing a property cannot be considered as a first home

In the past, as long as there was a property in the name or had a property, it could not be considered as a first home. It's considered a second suite. Since the loan ratios and interest rates for the first home and the second home are different, the maximum loan for the first home is 70%, while the loan for the second home is only 40%. It is also stipulated that the purchase of the first home enjoys preferential mortgage loan interest rates.

Mortgage repayment for the first home

Now, the four major banks have made adjustments to the identification standards for first homes, and will be "mortgage repayment for the first home". To put it simply, it means that you own the house but not the loan. It doesn’t matter how many houses you have in your name before. As long as you sell them or transfer them to others, buying a house again will be considered your first house. In this way, for families who own one house and have paid off the corresponding house purchase loan, and who want to apply for another loan to purchase ordinary commercial housing in order to improve their living conditions, it will greatly provide discounts and reduce the pressure of buying a house.

The latest first-time home certification standards

1. Having purchased a home with a loan, the commercial loan has been paid off, and then another loan to buy a home is considered the first home.

2. I bought a house with a loan and later sold it. I couldn’t find the property through the house registration system, but I could find the loan record in the bank’s credit system, and then I took out a loan to buy a house - it was considered my first house.

3. If you buy a house with full payment and buy a house with a loan, it is considered your first house.

4. I bought a house with full payment, but later sold it. The property could not be found in the housing registration system, so I took a loan to buy a house again - it is considered my first house.

5. There are commercial loan records for two houses in one's name, all of which have been paid off and sold, and proof of sale of the two houses can be provided. In this case, when refinancing, it will be counted as the first house.

6. One house under your personal name has a commercial loan that has been paid off, and the other house with a provident fund loan has been sold. At the same time, you can provide proof of the sale of the house and apply for a commercial loan before buying a house - it is considered your first house.

The latest policies and regulations for first home loans

For households purchasing their first ordinary home with a loan, the minimum loan down payment ratio is 30%, and the lower limit of the loan interest rate is 0.7 times the loan benchmark interest rate. However, the lowest interest rate in general banks is around 0.85, and the down payment can reach 30%.

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What are Tianjin’s home purchase loan policies?

Tianjin has great geographical advantages. It is adjacent to Beijing, and many people will Choose this to buy a house. At present, most houses are purchased with mortgages. What is the loan policy for house purchases in Tianjin? Many home buyers are very concerned about it. Let’s take a look through the relevant content below!

If it is your first time To purchase a house without any mortgage record and apply for a commercial loan, the down payment must not be less than 30% of the total house payment. If you already have a property under your name or have had a mortgage loan record before, and apply for a commercial loan to buy a house, the down payment must be no less than 60% of the total house payment. In terms of interest rates, the minimum increase for the first home is only 5%, while the minimum increase for the second home is 10%.

The scope of the identification of second homes is also constantly expanding. It not only restricts properties in the area where the house is purchased, but also includes properties in other areas under the name. The loan record also involves all the mortgage loans of the applicant. Record. Banks often recognize houses and loans. As long as there is a previous mortgage record, regardless of whether the property is still in the name, buying a house again is considered a second home.

Compared with commercial loans, provident fund loans have longer terms and lower interest rates. Therefore, foreign workers will choose this type of loan to buy a house in Tianjin. The down payment is often no less than 60% of the total house payment, and the maximum amount is 400,000, but the specific amount applied for should be within ten times of the account balance.

Foreign workers who want to apply for provident fund loans must meet these conditions: first, they have worked in the urban area for more than 12 months; second, the property for which they are applying for a loan is their only residence. If all two points are met, you can go to the provident fund management center to apply for withdrawal and go through relevant procedures.

In addition, most banks have made corresponding adjustments in mortgage interest rates. Among them, the interest rate for first-time home buyers has been reduced from the original 10% to 5% to 8%. But not everyone can enjoy this preferential interest rate. They must meet relevant conditions, and interest rates are still being adjusted, which means changes in mortgage pressure.

I hope the above answers will be helpful to you.

What are the personal housing loan policies?

Houses are the target of many people. Of course, buying a house does not necessarily require full payment. You can also get a loan and mortgage. So for personal housing loans What are the relevant regulations in the country? The editor will tell you about it below. Friends who are interested, please read below:

Personal Housing Loan Policy

Personal Housing Loan The policy has the following notice: 1. For cities without "purchase restrictions", a minimum down payment ratio of 25% is allowed; 2. For the minimum down payment ratio of commercial personal housing loans in each jurisdiction, the People's Bank of China and the China Banking Regulatory Commission should " Classify guidance and implement policies according to local conditions"; 3. The credit of borrowers must be accurately evaluated to prevent and control risks; 4. Strengthen macro-prudential management of housing finance;

1. Whether the relevant deployment of the State Council is implemented" In cities with "purchase restriction" measures, for households purchasing ordinary housing for the first time, in principle, the minimum down payment ratio is 25%, while for households that own one house and have outstanding home purchase loans, if they want to improve their housing when purchasing a house, the minimum down payment ratio is 25%. The down payment ratio is adjusted to no less than 30%. (Note: For cities that implement “purchase restriction” measures, personal housing loan policies will be implemented in accordance with the original regulations).

2. On this basis, the People's Bank of China and the local offices of the China Banking Regulatory Commission should determine the minimum down payment ratio for commercial personal housing loans within their jurisdiction in accordance with the principle of "categorized guidance and local implementation of policies."

3. Banking financial institutions should determine the minimum down payment ratio requirements in conjunction with provincial market interest rates to implement risk prevention and control policies for commercial personal housing loans, based on the borrower’s credit situation to determine the specific down payment ratio and interest rate level.

4. Strengthen macro-prudential management of housing finance. The self-regulatory mechanisms for market interest rate pricing at the provincial level are urged to promote the stable operation of the housing finance business of banking financial institutions and the stable and healthy development of the local real estate market in accordance with changes in the real estate situation and local government regulatory requirements.

Editor’s summary: The personal housing loan policy is to further support reasonable housing consumption and to promote the stable and healthy development of the real estate market. Loans to buy houses are the current choice of many home buyers, because most home buyers generally cannot Pay off the house in full, so be sure to understand the policies for personal home loans.