What are the restrictions for foreigners to buy a house in Wuxi?

1. What are the restrictions on foreigners buying houses in Wuxi?

Families of foreign residents in Wuxi need to provide proof of tax payment or social security payment for more than one year when buying a house.

Property buyers who are not registered in Wuxi need to provide a valid temporary residence permit in Wuxi. If you have bought a house outside Wuxi, you need to pay more than 60% down payment to buy a house in Wuxi.

Conditions for Wuxi housing loan

With the continuous development of Wuxi, many people will choose to borrow money to buy a house in Wuxi, but applying for a loan in Wuxi requires certain conditions. The following are the conditions of Wuxi housing loan I have compiled for you, hoping to help you.

Wuxi housing loan conditions

1. Have valid residence status or permanent residence in cities and towns;

2. Good credit, a fixed occupation and stable income, and the ability to repay the loan principal and interest on schedule;

3. Having assets approved by the bank as collateral, or units or individuals with sufficient compensation capacity as guarantors, able to repay the loan principal and interest and bear joint and several liabilities;

4. If there is no housing subsidy, 20% of the total purchase price will be used as the down payment; Enjoy the purchase subsidy, and 20% of the individual's share is used as the down payment for the purchase;

5. There is a house purchase agreement or contract, and the price of the house purchased basically conforms to the evaluation value of the bank or the real estate appraisal agency entrusted by the bank;

6. Other conditions stipulated by the bank.

Information to be provided for loan to buy a house

1. Three originals and photocopies of the ID card and household registration book of the applicant and his spouse. If the applicant and his/her spouse are not in the same account, it is necessary to prove the marriage relationship between the applicant and his/her spouse.

2. The original documents of the signed agreement on the purchase of houses.

3. 1 Original and photocopy of advance payment receipt for 20% or more of the purchase price.

4. The family income certificate of the mortgagor and the relevant assets certificate of the mortgagor, including the salary table of the mortgagor, the personal income tax bill of the mortgagor, the income certificate issued by the unit, and the deposit certificate of the mortgagor in the relevant bank.

5. 1 Copy of the collection account number given to the developer by the person who applied for mortgage when buying a house.

Wuxi housing loan process

1, consulting the loan situation

Before signing the contract, the purchaser should consult the housing provident fund or bank that intends to apply for a loan, learn more about the loan policy and confirm his own situation.

2. Sign a house sales contract.

The parties to the transaction negotiate the details of the contract and sign a house sales contract.

Step 3 submit an application

The borrower fills in the loan application form and provides the information needed for the house purchase loan.

4. Data review

The loan bank shall review the borrower's credit status and information, and give the applicant a formal reply within three weeks.

5. Sign a loan contract

If the loan bank agrees to the loan, the borrower and the borrower shall sign a loan contract, and at the same time sign a mortgage contract, a pledge contract and a guarantee contract according to the loan guarantee method.

Step 6 lend a loan

According to the national and local laws and regulations, as well as the provisions of the bank, buyers go through the formalities of real estate insurance, mortgage registration or contract notarization. After the formalities are completed, the loan bank will issue the loan according to the contract.

Principles to be followed in Wuxi housing loan

First of all, make a comprehensive evaluation of the existing economic strength of the family.

In this way, you can determine the amount and proportion of the down payment for buying a house, such as how much money you have, how much your parents can support, how about the provident fund account, and so on. , these all have to be counted. You can't seriously affect the normal quality of life because of buying a house, and avoid becoming a house slave.

Second, make reasonable expectations for the family's future income and expenditure.

Buying a house with a loan requires knowing the income expectation and large expenditure expectation, such as the main income and income of family members. In addition to considering the income situation, the expenditure situation cannot be ignored. Because if it is a family of three, children's expenses, especially education expenses, are not small expenses and should be included.

Third, learn to calculate your repayment ability.

Repayment ability is an important basis for determining the amount of mortgage, because the bank will require you to issue an income certificate, and the general income certificate should cover more than twice the monthly payment, otherwise the bank will not approve the amount you want to borrow. Even if it is approved, if the income is too low, it will definitely affect the normal quality of life after paying off the mortgage every month.

Fourth, learn to calculate your own loanable amount.

The loan amount is very important to the loan. It is important to know which principles are important, and know that the loan amount is a loan to buy a house. Loan amount of provident fund loan = monthly deposit/monthly deposit ratio 0.45 12 actual loanable period (≤30 years). The loan amount of commercial loans depends on income, and the income proves that the running water needs to reach twice the monthly supply.

5. Shop around and choose a bank carefully.

At present, the competition between banks is very fierce. In order to gain more market share, banks will adjust the loan interest rate according to the loan interest rate range stipulated by the state. Therefore, when making loans, the fund demanders should "shop around" and choose low-interest banks to lend.

Six, the optimal combination principle of portfolio loans

What principles should I know when buying a house with a portfolio loan? Of course, there should be as many provident fund loans as possible and as few commercial loans as possible. However, the disadvantage of portfolio loans is that the loan approval period is long, generally about 3-4 months.

Seven, find out the price difference, the preferred way.

At present, the loan management methods in the banking industry mainly include credit, guarantee, mortgage and pledge. Accordingly, when banks implement the loan interest rate, the floating range of the loan interest rate will be different. It is also a loan with the same application period and the same amount. If you choose the wrong loan form, you may bear more loan interest expenses and let yourself pay more for nothing. Therefore, it is very important for fund demanders to pay attention to and understand the spread under different loan methods when lending to banks.

Eight, the loose principle of down payment

Pay attention to the down payment, you certainly don't know what the principle of buying a house with a loan is. I tell you, when you pay the down payment, don't use up all the money you have. You should set aside some funds for the purchase of furniture and home appliances, the decoration expenses of the house, the taxes and fees that need to be paid in the early stage of buying a house, etc. These should be used as the pre-budget

Nine, the loan period can be as long as possible.

Third, the conditions for buying a house in Wuxi

1. If you want to buy a house in Wuxi, you must pay 1 year social security or 1 year personal income tax, whichever is enough. If you want to use provident fund loans, you must pay for 6 months before you can use provident fund loans.

2. According to the new policy of Wuxi, you can register your household registration over 70 square meters and get a new production certificate.

If it is less than 3.70 square meters, you can buy a house after paying social security for 3 years.

4. What are the housing loan conditions in Wuxi?

ID card, marriage certificate, income certificate issued by the work unit, your own savings card and running account, house purchase contract and house purchase invoice are directly handled by the bank mortgage department.

The interest rate of loans depends on the requirements of local banks, and each bank is different.