Do I need proof of social security for a home loan?

Do you need a social security certificate to get a home loan from a bank

Most banks require a social security certificate to get a home loan. Not only proof of social security, but some also require proof of taxes and other documents. Although there are a lot of documents that need to be paid to get a home loan, social security certificates are arguably the less important document. As opposed to proof of employment and proof of income, social security certificates do not directly indicate a lender's ability to repay a loan.

Also, the state does not impose a mandatory requirement to purchase social security for an individual. There are also a few banks that do not necessarily require social security certificates for such loans. Whether or not social security proof is required for a home loan depends on the lending policies of the bank where the loan is being processed.

What do you need for a home loan

1. A valid ID card and a copy of the buyer's ID card, or a marriage certificate or hukou for couples purchasing a home.

2. Proof of down payment.

3. bank water, for home loans generally need to submit the lender's last six months of bank water, preferably every month with a fixed income, bank water is generally required to be two to three times the amount of monthly repayments.

4. House purchase contract.

5. If it is the first suite, the bank will usually require the submission of the first suite certificate.

6. Proof of social security; many major cities now require that only those who have paid enough social security for a certain number of years can purchase a home.

The above is the most commonly used materials for mortgage, but each bank requirements are different, before the loan it is best to be able to consult the bank or the sales office, generally back to give an accurate answer. In fact, when consulting the bank must ask whether the bank can give interest rate concessions, get interest rate concessions can save a lot of interest.

When applying for a home loan, be sure to assess the repayment ability, especially in the late repayment on time, later whether there are larger expenditures, such as marriage, buy a car, etc., which are under consideration, if you can not afford these expenses, you can give up the purchase of a house or increase the proportion of the down payment, which will reduce the amount of the loan, and the amount of the monthly repayment will also be reduced.

No social security can home loans

Calculate how much money your home renovation will cost

Many people will choose to buy a home in the north, Guangzhou and Shenzhen and other cities to settle down, we will generally submit social security, proof of income and other relevant information when you apply for a home loan to buy a commercial property. If we do not pay social security, then can apply for housing housing loan? Next, I will briefly introduce to you.

1, no social security can also apply for housing loans. Many cities have introduced a policy of restriction on purchases, the provisions of non-city residents need to submit a number of years of social security or personal tax certificates to be able to buy a house, for example, Beijing, Shanghai, Shenzhen requires non-city residents to meet the requirements of five consecutive years of payment of social security or personal tax and other requirements in order to buy a house. If we do not have social security can provide the corresponding years of tax proof, and meet the other local conditions for the purchase of housing, will be able to have the qualification to purchase, apply for a bank loan.

2. If a local household is buying a commercial property, then no social security can also apply for a bank loan. Because most of the cities for the local household registration buyers, there is no social security payment time limit, but only limit the number of sets of their purchase. If a foreign household without social security want to buy a home, you can also apply for a local settlement, so you can have a local household qualification to buy a home.

3. If there is no local purchase restriction policy, we do not have social security is also useful to purchase qualifications. We are applying for bank loans, to want to understand clearly what materials need to be submitted to the bank housing loans, because each bank's approval conditions will be different, some banks need applicants to submit proof of social security; some banks only need to bank current, proof of employment, without the need to submit social security.

Summary: no social security can be home loans, I will briefly introduce to you here. I hope that after reading this article, can give you in the future purchase of housing, to provide reference and help. We had better pay social security on time, do not appear to break the situation, so as not to affect our future to buy a house.

Enter the area, get a free decoration quote

Enter the area, get a free decoration quote

Enter the area, get a free decoration quote

Today more and more people are choosing to apply for a loan to buy a house, we will be prepared to prepare the appropriate information before applying for a loan like the bank. That for home loans usually need to prepare what information? Next, I will briefly introduce to you. \r\n1, we whether for mortgage or other matters, need to prepare a good ID card, household registration such proof of identity, if married, we also need to provide the spouse's identity card. If the person applying for a mortgage is a foreign citizen, then you need to provide a passport and other residency documents. All these documents need to be valid for the period of validity. If the person applying for the loan is a single person, then he/she needs to provide a single certificate; if the person applying for the loan is a married person, then he/she needs to provide a marriage certificate. \r\n2, applying for a home loan, you also need to prove to the bank that you have enough financial strength to repay the loan. Therefore to the bank to apply for a housing loan also need to provide proof of employment, bank water, proof of income and other proof of family property. The income proof should generally be greater than 2 times the monthly repayment amount. If you are married, then you also need to provide proof of spouse's property, property **** someone to agree to the loan opinion. In addition to this we also need to provide proof of down payment, usually we will deposit the down payment in the loan bank. \r\\n3, many places stipulate that non-city residents need to pay a certain number of years of social security in order to purchase a residence, so we may need to provide proof of social security or proof of tax payment when we apply for a loan from the bank. Applying for a mortgage also generally requires a guarantee recognized by the bank. Generally, we will first mortgage the house we buy to the bank, so we need to provide a purchase contract. If the house purchased is a second-hand house, you generally also need to provide an appraisal report. \r\\\n4, in addition to this, we also need to provide proof of ownership of the house sold by the seller, the bank account number, and if the house purchased is being rented, then we also need to provide proof of the tenant's consent to relocate as well as proof of other information required by the bank. \r\n Summary: On what information is needed to apply for a mortgage, I will briefly introduce it here. I hope that after reading this article, can give you a reference.

Calculate how much money you need to spend on your home renovation