Can children buy a house with their parents' CPF loan?

I. Can children buy a home using their parents' CPF loan?

Children can use their parents' CPF loan to buy a home.

Children buying a home and applying for a parent's provident fund loan, immediate family members can use their own provident fund account balance **** with the repayment. The primary lender must be on the CPF; the borrower's family has no outstanding CPF debts.

If you did not apply for a housing fund loan when you purchased your home, you can withdraw your housing fund within 6 months after the date of issuance of the property certificate with the property certificate, purchase contract, purchase, ID card, proof of relationship, proof of withdrawal issued by the unit to which your housing fund account belongs, and an application for withdrawal.

Not higher than the loan limit determined in accordance with the multiples of the stored balance of the respective housing provident fund accounts of the borrower, spouse and *** with the borrower, i.e., 40 times the balance of the housing provident fund and 20 times the balance of the supplemental provident fund; not higher than the loan limit determined in accordance with the ratio of the total price of the house; not higher than the loan limit determined in accordance with the ability to repay the loan; not higher than the amount of the high loan.

Expanded Information:

Notes on Housing Provident Fund Loans

Documents that need to be provided include second-generation ID card, hukou, proof of marriage, bank account, sale and purchase contract, and proof of income. If the property being traded is in Panyu District, you will need to provide additional bank current; foreign householders will need to provide proof of more than one year's tax payment or proof of social security; and if there is a retroactive contribution, you will need to provide proof of the unit's retroactive contribution, which will need to be reviewed and agreed to by the provident fund center.

You can entrust others to do it on your behalf, but you need to go through the procedure of notarization and entrustment at the notary public office (at your own expense), the notarization includes but is not limited to: loan application, guarantee application, signing of the loan contract, signing of the guarantee contract and other contents.

Public provident fund loans guaranteed by the guarantee center, the borrower does not need to go to the Housing Authority to get the property certificate, the guarantee center on behalf of the property certificate. Thereafter, the property owner himself will go to the guarantee center with his original ID card to collect it. If the property owner is two or more people, all the property owners need to go to the Guarantee Center in person with their ID cards to collect the certificates, or if they are not present at the same time, they can collect the certificates separately.

Second, parents buy a house can use the children's CPF to buy

If there are parents and children's names on the purchase contract, you can use your parents' CPF loan.

Calculation of the amount of home loan:

1. If the child is unmarried, you can borrow 70% of the total price of the house, but to combine the monthly contribution of the parents' provident fund, as well as the number of years of retirement and the original provident fund amount of the combined calculations;

2. If the child is married, the property rights of the house is deemed to be equal to the half of the child and half of the parent. The loan amount is calculated at 70% of the CPF calculation of 50% of the total price of the house.

Three, children to buy a house, parents can use their own provident fund to help children loans?

Parents can use their own provident fund

According to the latest regulations on the use of provident fund, children's housing provident fund, unmarried children and parents **** the same, parents can withdraw their provident fund account balance. The children's loan to buy a house, parents involved in *** with the repayment, can be withdrawn in accordance with the provident fund to repay the loan withdrawal, both can withdraw the down payment, but also

Expanded information:

Loan amount should be consistent with the four "not higher than":

1.not higher than in accordance with the rules and regulations of the city, but also in accordance with the rules and regulations of the city. p>1. Not higher than the loan limit determined in accordance with the borrower, spouse and *** with the borrower's respective housing provident fund account storage balance of a multiple of the housing provident fund balance, that is, 40 times the balance of the housing provident fund, 20 times the balance of the supplementary provident fund;

2. Not higher than the total price of the house in accordance with the proportion of the loan limit;

3. Not higher than the ability to repay the loan limit;

4. Not higher than the ability to repay the loan limit;

5. p>

4. Not higher than the maximum loan amount set of housing or improvement of the second ordinary housing, more than two people involved in the loan, the payment of housing fund can be lent for 1 can be lent for 200,000 yuan, a total of 1.2 million yuan.

four, parents buy a house can use the children's provident fund loan

No.

Parents to buy a house is not able to use the children's housing fund, but taking into account the lower income of retired workers, the amount of loans that can be obtained is also lower, in order to support the demand for loans for retired workers, the housing fund management regulations, retired workers apply for a loan, the children can be as *** with the applicant, is the support of the retired workers apply for a loan, but the same can not be drawn on the children's housing fund.

Only parents who buy a house with their children can withdraw their children's housing fund.

Expanded Information

The CPF loan borrower should make monthly repayments in the month following loan disbursement in two ways, which are chosen by the borrower:

I. Monthly 1-20 to the provident fund account automatic repayment, the balance is insufficient to the provident fund center to repay the loan principal and interest in cash;

Two. Entrusting the loan bank to make repayment on behalf of the borrower, the borrower can pre-deposit the repayment amount for several months at a time, or deposit the full repayment amount at the nearest bank's savings office before the 20th of each month, and the bank will deduct the loan principal and interest payable directly from the borrower's savings account.

III. The borrower may repay the entire loan principal and interest in advance in one lump sum or repay part of the loan principal in advance.

1. If the entire loan principal and interest is repaid in advance, the CPF center will re-approve the remaining portion of the borrower's loan principal and interest in accordance with the actual number of days the loan has been occupied.

2. Repaying part of the loan principal and interest in advance, the CPF center line recalculate the borrower's monthly repayment amount or loan period according to the remaining loan principal.