Zhihu, do I have to make a down payment for a house loan?

Buying a house requires a down payment. Can I get a loan?

The down payment on mortgage is not allowed, because whether you go to a bank or a lending institution to apply for a mortgage, you need to pay a down payment before you can apply for a mortgage. And the mortgage down payment is generally not less than 30%. Even if it is a provident fund loan to buy a house, the housing area is below 90 square meters, and the down payment cannot be less than 20%. If it is a second suite, the down payment ratio will be higher.

But you can also choose to borrow a sum of money as a down payment, and then apply for a mortgage through the money you borrowed as a down payment, which means there are two loans here. However, in this way, it means that you have to repay two loans at the same time, and the repayment pressure is quite great.

Do I have to pay 30% down payment before I can get a loan in the bank?

1, yes. When buying a house, you must pay the down payment first and go to the bank for loan procedures; For example, 30% of the total down payment, and the remaining 70% can go to the bank for loans.

2. Beijing housing provident fund can purchase commercial housing at the place where the household registration is located, and it cannot be used in other places except the place where the household registration is located. Or you can transfer the housing provident fund to your current city work unit by handling the transfer of housing provident fund in different places, and you can use the provident fund loan to buy a house locally.

3, the specific process:

(1), and choose a suitable property.

(2) Submit a mortgage loan application.

(3), waiting for the bank review results.

(4) signing a house purchase contract

(5) sign a house mortgage contract.

(6), Housing Authority for the record

(7) Open a special repayment account to start repayment.

Commercial loan depends on the developer. Some developers will designate specific banks to handle provident fund loans, and the management department where the provident fund account is located or the bank entrusted by the management department will handle the housing provident fund collection business.

Extended data

Tax payable on loan to buy a house

Deed tax: refers to a tax levied on the owner of real estate when the ownership of real estate is transferred due to the assignment, transfer, sale, transaction or gift of land use rights.

Business tax: refers to a tax levied on the turnover of units and individuals selling real estate in proportion. Business tax surcharge: refers to the urban maintenance and construction tax and education surcharge levied on units and individuals who pay business tax according to the actual business tax paid.

Property tax: refers to a tax levied on the property owner according to a certain proportion of the original value of the house or the rental income of the house. Stamp duty: refers to a tax levied on real estate certificates established or collected in written form in economic activities or economic exchanges.

Personal income tax: refers to a tax levied by individuals who transfer, lease or engage in other housing activities with legal property rights and obtain income.