Increase in down payment for provident fund loans

Is there any way to increase the amount of provident fund?

The suggested solutions are as follows:

1. If the down payment for buying a house is not enough, you can borrow money from relatives and friends for the down payment. After applying for a provident fund loan, you can transfer the property. Finally, the borrower can withdraw the provident fund to pay back the money.

2. You can try to apply for withdrawal of the provident fund through the purchase procedure to repay the advance fund institution.

3. Apply for a loanable loan from the bank. When applying for a housing provident fund loan, you can withdraw the deposit balance in the account to pay the down payment.

Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. According to national regulations, all employees who have paid housing provident fund can apply for individual housing provident fund loans according to the relevant provisions of provident fund loans.

20 12 some cities relaxed the conditions of provident fund loans, among which the upper limit of housing provident fund loans in 9 counties of Linyi City, Shandong Province was raised from 200,000 yuan to 300,000 yuan from June 1.

20 14, 10 In June, the Ministry of Housing and Urban-Rural Development, the Ministry of Finance and the People's Bank of China issued a document, including relaxing the conditions of provident fund loans, promoting loans in different places, reducing intermediate costs, canceling the housing provident fund personal housing loan insurance, notarization, new house evaluation and compulsory institutional guarantee, and reducing the burden on loan workers. Among them, employees who have paid for 6 months can apply for provident fund loans (currently 12 months).

On August 17 and 15, the Ministry of Housing and Urban-Rural Development jointly issued a notice saying that the down payment for purchasing a second home with provident fund loans will be cancelled by 20% from September 15 and 1 day.

Letter of credit clause

1. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans, and employees who do not participate in the housing provident fund system cannot apply for housing provident fund loans.

2. To participate in the housing provident fund system, if you want to apply for a housing provident fund personal purchase loan, you must also meet the following conditions: that is, the housing provident fund has been continuously paid for at least 6 months before applying for the loan. Because, if the employee's behavior of paying housing provident fund is abnormal and intermittent, it means that his income is unstable and he is prone to risks after issuing loans.

3. One of the husband and wife has applied for a housing provident fund loan, and neither of them can get a housing provident fund loan until the principal and interest of the loan are paid off. Because the housing provident fund loan is a kind of "housing security" financial support to meet the basic housing needs of workers' families.

4. When applying for a housing provident fund loan, the loan applicant must have a relatively stable economic income and repayment ability, and there are no other outstanding debts that may affect the repayment ability of the housing provident fund loan. When employees have other debts, it is risky to lend to housing provident fund, which violates the principle of safe operation of housing provident fund.

5. The term of the provident fund loan shall not exceed 30 years. For portfolio loans, the loan conditions of provident fund loans and commercial housing loans must be the same.

Why is the down payment of provident fund loans high?

The main reasons for the high down payment of provident fund loans are:

1. Because the interest rate of provident fund loans is low, commercial banks will require buyers to provide a certain down payment to reduce risks.

2. Because the provident fund loan is legally guaranteed, the borrower will also be evaluated for certain ability. If there is any unqualified situation, it will affect the final approval.

What is the down payment ratio of provident fund?

The general house price is directly proportional to the geographical location of the house, the quality of the building, the greening and environment of the community, the strength of the developer, the management of the property and the quality of the community service. The borrower should decide to buy a house that suits him according to his personal situation and income and expenditure. The purchase price of provident fund loan refers to the price of the house sales contract signed by the buyer and the seller, and is verified by the real estate management department.

This ratio refers to the proportion of the purchase price paid by the buyer to the seller in advance to the total house price. The down payment for buying a house is needed by the family, and the part beyond the preparation ability can apply for a loan to complete the delivery. Under normal circumstances, deducting the down payment from the house price is equal to the loan amount. If the down payment ratio is higher, the threshold of housing loan will be higher. At present, the down payment ratio of provident fund loans in our city is 30% for existing houses and mortgaged commercial houses, and 40% for second-hand houses.

Proportional description

Take the loan of 500,000 15 years as an example. The down payment is 20% and the interest rate is 6. 12%, which is 23,572.43 yuan more than the interest rate of 5.5 1%. When the down payment is 30%, the increase is 20625.87 yuan, that is, when the down payment is determined, the increase brought by interest rate is inversely proportional to the down payment. The higher the down payment ratio of provident fund loans to buy a house, the smaller the interest increase after the interest rate is raised. Therefore, buyers may wish to consider increasing the down payment ratio and reducing costs. Moreover, if the down payment is increased, it can also reduce the monthly payment burden for buyers: assuming the interest rate is 5.5 1%, the down payment of 30% will reduce the purchase expenditure by 73,585 yuan compared with the down payment of 20%, and the monthly repayment amount will be reduced by 408.5438+0 yuan; The interest rate is 6. 12%. The down payment of 30% is 7653 1.84 yuan less than the down payment of 20%, and the monthly repayment is 425. 17 yuan less.

Tips for housing provident fund loan to buy a house

1, housing provident fund loan down payment description: provident fund cannot be directly used as down payment for buying a house. Citizens need to pay the down payment first, and then go to the housing provident fund management center to withdraw the storage balance in their own provident fund.

2. The loan amount of housing provident fund is the loanable amount calculated according to the balance of housing provident fund account:

The calculation formula is: (balance of provident fund account, monthly contribution of provident fund ×2× statutory retirement months) × 10.

3. The loan amount of housing provident fund is calculated according to the loan amount:

If one person applies for a housing provident fund loan, the loan amount is 500,000 yuan, and if two or more people buy the same house and apply for a housing provident fund loan, the loan amount is 800,000 yuan.

4. The total withdrawal of housing provident fund cannot exceed the total purchase price. For example, a house bought by a citizen with a loan costs 200,000 yuan, and only 200,000 yuan can be withdrawn from the provident fund.

5. After the housing provident fund loan is settled, you can use the provident fund to buy a house. Whether before marriage or after marriage, one of the husband and wife has applied for provident fund loans, which will be recorded in the system. If the provident fund loan for the first suite has been settled, it is still regarded as the first time for both husband and wife to use the provident fund loan to purchase a house.

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Pay more housing subsidies, increase the amount of provident fund loans, and reduce the down payment ratio.

Multi-site housing purchase support policies continue to be intensively introduced.

On June 23, Xianning, Hubei Province issued a new policy to stabilize the property market, proposing to subsidize the purchase of new houses in urban areas, with a maximum subsidy of 654.38+10,000 yuan for specific talents. At the same time, the down payment ratio of the first suite fell to 20%, and the second suite and above fell to 30%; Increase the maximum amount of provident fund loans to 600,000 yuan.

On June 22nd, Huanggang District, Taizhou City, Zhejiang Province also put forward a housing subsidy policy, which subsidizes housing transactions with a maximum taxable value of 0.8%. On the same day, Quanzhou, Fujian Province also issued a new provident fund policy, proposing to reduce the down payment ratio of loans and increase the maximum loan amount for families with two or three children, with a maximum new loan amount of 65,438+10,000 yuan.

In addition, Qiandongnan Prefecture of Guizhou Province has also introduced 12 measures to stabilize real estate, including reducing the down payment ratio of the second set of provident fund loans to 20% and raising the maximum loan amount to 600,000 yuan. The maximum loan amount can be increased to 800,000 yuan for the special talents from Grade 1 to Grade 4 introduced by the State Party Committee and the State People's Government.

The industry believes that since June, due to the unremitting efforts of various cities, the market sentiment of hot cities has further improved. With the continuous emergence of policy effects, some urban markets are expected to take the lead in entering the recovery channel, which will also bring positive effects to the recovery of national market sentiment. But for most cities, it still takes time to reverse market confidence, and the market will stabilize in the second half of the year.

The housing subsidy in Xianning is as high as 6,543,800 yuan.

On June 23rd, Xianning Housing and Construction Bureau and other six departments jointly issued the Notice on Promoting the Stable and Healthy Development of Xianning's Real Estate Market, and put forward eight policy measures, such as implementing housing purchase subsidies, increasing financing credit support and increasing housing provident fund support.

After the implementation of housing subsidies, those who buy new commercial housing in urban areas will be given housing subsidies. Purchase subsidy for each set below 90_ (inclusive) 1 1,000 yuan; Purchase subsidies of 20,000 yuan for each set above 90 yuan. In line with the national birth policy, the two-child family receives an additional subsidy of 5,000 yuan, and the three-child family receives an additional subsidy of 6,543.8+0,000 yuan.

Full-time doctors, full-time talents with senior titles, full-time masters, associate senior titles and senior technicians, full-time undergraduate, intermediate titles and technicians, full-time junior college and senior workers who have started their businesses for the first time in Xianning within two years are given housing subsidies of 654.38 million yuan, 60,000 yuan, 40,000 yuan and 20,000 yuan respectively.

In terms of increasing financing credit support, the down payment ratio of households to purchase the first set of ordinary commodity housing is not less than 20% of the total house price, and the second set and above is not less than 30%. At this stage, the interest rate of commercial personal housing loan is implemented according to the standard that the first set is not higher than 4.8% and the second suite is not higher than 5.05%. For families who own a house and settle the related mortgage, if they apply for a loan to buy ordinary commodity housing again, the first home loan policy will be implemented.

In terms of increasing support for housing provident fund, the upper limit of loan amount will be raised from 500,000 yuan to 600,000 yuan for dual-employee families whose husband and wife normally pay housing provident fund, provided that the total price of the house purchase contract does not exceed 80%; Employees of the same set of housing apply for loan business after withdrawing the housing provident fund first, and cancel the stipulation that the sum of the original withdrawal amount and the loan amount is not higher than the upper limit of the loan amount; When employees who have paid housing provident fund in this city apply for provident fund loans or withdraw the balance, they can also apply for a one-time withdrawal of the housing provident fund balance of their parents and children (account reservation 100 yuan). If employees who have paid in different places apply for housing provident fund loans to buy self-occupied housing in urban areas, the restriction of paying housing provident fund in this city for 6 months will be cancelled.

Multi-site purchase support policies have been intensively introduced.

Recently, a number of housing support policies have been intensively introduced.

The Securities Times reporter learned that in addition to Xianning, Taizhou huangyan district has also introduced a housing subsidy policy. On June 22nd, the Notice of huangyan district Housing Subsidy Policy in 2022 issued by "Huangyan Publishing" official micro proposed that from June 20th, 2022 to February 30th, 2022, the purchase of newly-built commercial housing and second-hand housing below 144 square meters (inclusive) within the scope of huangyan district should be implemented at the transaction price of 0.5% of the taxable value. If the area of newly-built commercial housing and second-hand housing exceeds 144 square meters, taxable value will be given a 0.4% housing subsidy (the subsidy scope does not include parking spaces).

On the same day, Quanzhou Housing Provident Fund Management Committee issued the Notice on Implementing the Phased Support Policy of Housing Provident Fund, proposing to reduce the down payment ratio of loans. For the first time to apply for housing provident fund loans to buy the first set of housing, the down payment ratio will be adjusted to not less than 20%; If you apply for a housing provident fund loan for the second time or buy a second house, the down payment ratio will be adjusted to not less than 30%. At the same time, increase the maximum loan amount for families with two or three children. If an employee's family who has given birth to and raised two or more children applies for a housing provident fund loan and meets other loan application conditions, its housing provident fund loan amount is 654.38+10,000 yuan on the basis of the maximum loan amount.

In addition, Qiandongnan Prefecture of Guizhou Province has also introduced 12 measures to stabilize real estate, and proposed to reduce the down payment ratio of the second housing provident fund loan. For depositors who have settled the first set of self-occupied housing provident fund loans and applied for housing provident fund loans again to buy a second set of improved housing, the minimum down payment ratio will be reduced from 40% to 20%, effectively reducing their payment pressure. At the same time, cancel the interval between the first and second sets of self-housing provident fund loans. In addition, if both husband and wife apply for provident fund loans for employees who have paid the housing provident fund, the maximum loan amount will be raised to 600,000 yuan, and the maximum loan amount can be raised to 800,000 yuan for special talents from Grade 1 to Grade 4 introduced by the State Party Committee and the State People's Government.

Chen Wenjing, director of market research in the Index Division of the Central Reference Institute, believes that since June, due to the continuous efforts of various cities, the market sentiment of hot cities has further improved. According to the monitoring data of the middle finger, the overall transaction area of commercial housing in Zhou Du, a key city such as Suzhou and Chengdu, is on the rise. With the continuous emergence of policy effects, these urban markets are expected to take the lead in entering the recovery channel, which will also bring positive effects to the recovery of national market sentiment. But for most cities, it still takes time to reverse market confidence, and the market will stabilize in the second half of the year.

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