The provident fund does not have to buy a house locally. You can also buy a house in a different place if you meet the following conditions.

1. mutual recognition of provident funds has been achieved between the two places. Many cities have signed mutual recognition and mutual loan agreements for provident funds. If similar agreements are signed between the two cities, the provident fund paid in one city can also buy a house in another place. This can be confirmed by consulting the local provident fund center.

2. If you pay the provincial provident fund, the scope of use will be wider than that of the municipal provident fund. You can use the provincial provident fund loan to buy a house in the whole province, so you can use it in any city as long as it does not exceed the scope of use of the provincial provident fund.

3. When applying for provident fund loans, the provident fund center will pay close attention to the credit information. If the credit information report contains records of non-performing loans, frequent inquiries and long-term loans, it will deepen the concern of the provident fund center and may directly reject the mortgage application.

4. The status of the provident fund account is normal. When applying for a provident fund loan, the provident fund account cannot be sealed? Therefore, if you intend to apply for provident fund loans, you should be careful not to interrupt the payment of provident fund and not to leave your job easily, which will bring some trouble to provident fund loans.

5. The balance of the provident fund account will directly affect the loan amount. Generally, the loan amount of the provident fund is 1 to 2 times of the account balance, and the specific needs shall be subject to the notice of the provident fund center.

If the balance of the provident fund account is insufficient, the loan application may fail, or the loanable amount is insufficient.

6. The monthly income is more than twice the monthly payment. In order to ensure sufficient repayment ability, the provident fund center will require the monthly income to be more than twice the monthly mortgage payment? If there are other debts that have not been settled, the provident fund center will raise the requirements for income flow.

7. When applying for a provident fund loan, the provident fund center also requires the duration of continuous payment of provident fund. Generally, it takes more than 12 months for the provident fund to qualify for a provident fund loan. The provident fund loan policies in different regions are different, and the notice from the local provident fund center shall prevail.

8. The area does not exceed the limit. When applying for provident fund loans, provident fund centers in some areas will limit the area of houses purchased, especially when buying a second suite. The limit will be more, so you can find out in advance.

9. When applying for provident fund loans, if there are still outstanding provident fund loans in your name, the loan application will not pass. The provident fund center will not allow multiple provident fund loans in your name at the same time. This is something to be understood clearly.

1. The number of loans does not exceed the limit. The number of times to apply for provident fund loans is limited. Generally, the number of times to apply for provident fund loans should not exceed two. If the number of times to apply for provident fund loans has reached the upper limit, the provident fund center will directly refuse the loan.

If these conditions are met, the provident fund may not only be able to buy a house locally, which is good news for those who plan to buy a house in a different place.

If the application for a loan is rejected, you can check your credit status in Lan Bing Data before applying for a loan. If the credit is not good, wait for a while, and then apply again when the credit risk score is not high and the stain is almost gone, and it will be easier to pass.

Extended information:

Can I cancel the financing for mortgage purchase?

The wealth management products that are required to be purchased by the bank when the mortgage is made can be cancelled. Just apply for redemption after the mortgage is made.

don't worry, it won't have any adverse effects on personal credit and mortgage.

In fact, when applying for a mortgage, the financial products tied by the bank are not mandatory to be purchased. If there is no financial demand, you can directly refuse.

as long as the credit is good, there is a stable source of economic income and the ability to repay the principal and interest of the loan on time, the mortgage can generally be successfully handled, which has little to do with whether or not to buy wealth management products.

it should also be noted that the "seven prohibitions" on the credit business of banking financial institutions are included in the regulations of CBRC.

tying with loans is not allowed.

in other words, banking financial institutions are not allowed to bundle or tie in financial products such as wealth management, insurance and funds when granting loans or providing financing in other ways.

if the bank insists on purchasing wealth management products when applying for a mortgage, it is suggested that another bank reapply.