The most common loan method is much lower than the commercial loan interest rate.
First of all, the borrower needs to apply for a loan to the housing provident fund management center, sort out the application materials and submit them to the housing provident fund management center for examination and approval.
The application materials are as follows:
1. Borrower's ID card (referring to resident ID card, household registration book or other valid proof of residence) and proof of marital status;
2. Proof of the borrower's family property and income.
3, legal purchase (construction, repair) housing contract letter of intent, agreement or other approval documents;
4. List of collateral or assets, proof of ownership and proof that the person with the right to dispose of it agrees to mortgage or pledge; Certificate of collateral valuation issued by the competent department; The guarantor agrees to provide written guarantee documents and the guarantor's credit certificate;
5. Have its own funds of more than 30% of the total price of the purchased (built or repaired) house, and guarantee to pay the down payment of the purchased (built or repaired) house;
6, self-built housing, should be issued by the planning, construction, planning, land and other relevant departments of the approval documents;
7, renovation, overhaul of its own housing, should issue a certificate of ownership of its own housing;
8. There are assets recognized by the housing fund management center as collateral or pledge, or units or individuals with sufficient compensatory capacity as guarantors;
9, other conditions stipulated by the housing fund management center.
After submitting the above information, the housing provident fund management center will review the above information and sign an entrusted loan contract with the entrusted bank after the amount, term and interest rate of each loan are approved.
Secondly, according to the agreement of the entrusted loan contract, the entrusted bank will go through the loan formalities after signing the Mortgage Contract for Housing Provident Fund Entrusted Loan, the Pledge Contract for Housing Provident Fund Entrusted Loan and the Guarantee Contract for Housing Provident Fund Entrusted Loan with the borrower respectively.
Finally, the entrusted bank will transfer the loan to the designated account opened by the seller in the entrusted bank.
Commercial loan process
Commercial loans are suitable for local tyrants and buyers who have not paid the provident fund.
Preparing a commercial loan to buy a house requires the following steps:
Step 1: sign a contract to pay taxes, sign a pre-sale contract and a sales contract; Pay the down payment according to the specific requirements of the developer; Pay stamp duty to the developer at 0.5% of the house price.
Step 2: Submit an application, which is the most complicated and important step in the process of buying a house with a loan. Unlike housing provident fund loans to buy a house, commercial loans to buy a house should be filled in and submitted in accordance with the regulations.
(1) Fill in the application materials: 1, personal housing loan application form 2, personal housing loan contract 3, loan housing ownership certificate custody contract 4, power of attorney 5, commitment letter 6, conversation record.
(2) Submit application materials: 1, ID card, household registration book, temporary residence permit, marriage certificate, academic certificate and other relevant certificates of the applicant and spouse. 2. The original purchase agreement. Proof of the applicant's family income and related assets, including payroll, personal income tax bill, income certificate issued by the unit, bank deposit certificate, etc.
In the process of understanding how to borrow money to buy a house, you will find that, like the housing provident fund loan purchase process, after completing the above-mentioned loan purchase procedures, the application is completed, and then you have to wait for the approval of the bank.
Step 3: Bank audit: The bank will audit the lender's credit standing, loan amount and loan term according to the information provided by the lender. This step of the loan purchase procedure is dominated by the bank and is the key to the success of the loan application.
Step 4: Sign the loan-related contract. After the bank approves, it signs a series of contract documents with the lender. Most people think that after signing the contract, the process of buying a house with a loan is over. In fact, we have only completed most of the work in the loan purchase procedure, and there is still one step.
Step 5: The lender repays the loan on a monthly basis. The last step in the loan purchase procedure is to repay the loan. The whole process of buying a house with a loan is not really over until the date when the loan is fully returned.
The specific process of transferring commercial loans to provident fund loans
At present, there are not many properties that can directly use provident fund loans, and many people who can use provident fund do not like it. Therefore, in order to buy a suitable house and enjoy the preferential interest rate of provident fund loans, many people are prepared to make commercial loans first, and then turn into provident fund loans. Here, we have compiled a set of process strategies for transferring commercial loans to provident fund loans.
1, consulting application.
Contact the bank account manager of the original commercial loan, and he will usually tell you to contact the queue and other notices. Be sure to make a phone call every three to five minutes after queuing, otherwise you don't know when to queue up. )
2. Submit relevant materials.
Identity card, real estate license, marriage certificate or single certificate, household registration book, commercial loan contract, real estate appraisal certificate, repayment bank card. After checking, the account manager will ask you to fill out a bunch of forms and sign and stamp them.
3. Submit materials for review.
The lending bank shall review all the information of the sub-lending borrower and report it to the local capital center for approval.
4. Sign the contract.
After being approved by the local capital center, the lending bank signs a provident fund loan contract and a mortgage contract with the sub-loan borrower, and the sub-loan borrower signs a guarantee contract with the guarantee company.
5. Fund advance deposit.
Lending borrowers need to settle the difference between the provident fund loan and the original commercial loan balance before issuing the provident fund loan and deposit it in the deposit account of the original commercial loan bank.
6. Change insurance.
Re-loan borrowers with the original commercial loan insurance policy to the insurance company to change home insurance procedures, insurance beneficiaries from the original loan bank to the local capital center.
7. Transfer of funds.
The local capital center allocates loan funds, and the loan bank notifies the loan borrower at the same time as issuing provident fund loans and settling the original commercial loans.
8. Repay on a monthly basis.
The reloan borrower shall repay the loan on time every month from the month following the settlement of the original commercial loan until the loan is fully paid off.
After the provident fund loan, the purchase of housing provident fund stopped.
Many friends' jobs are not very stable. In the process of changing jobs, they may not be able to renew the housing provident fund, but don't worry, as long as you have paid the provident fund for half a year and are in the state of making up the provident fund loan, you can enjoy the provident fund loan! Once the provident fund loan is issued, you can still enjoy the interest rate of the provident fund loan even if you stop paying the provident fund, as long as you have a good credit record and save enough money in the repayment bank card for deduction!
Combination of provident fund and commercial loan
Personal housing portfolio loan refers to a commercial housing loan that an individual applies to a bank when the housing provident fund loan is insufficient to cover the cost of buying a house. Apply for individual housing portfolio loans, must comply with the provisions of the housing provident fund management department on provident fund loans and commercial housing loans.
The following is the process of handling portfolio loans:
First, the four steps of portfolio loan
In the first step, the lender needs to apply to the bank with relevant materials.
Step 2: After the borrower applies, the bank goes to the relevant departments of the provident fund for preliminary examination, and then the bank goes to the loan department of the portfolio lender for preliminary examination.
Step 3: After receiving the notice of provident fund audit, the bank will complete the audit of the commercial loan part according to the audit results of the provident fund loan part, and supervise the borrower to sign the commercial loan contract and other documents. If the guarantor of the commercial loan is a guarantee center, the guarantee center shall sign the relevant documents after completing the review of the commercial loan guarantee; If the guarantor of a commercial loan is a non-guarantee center, the bank shall supervise the guarantor to sign relevant documents.
The fourth part, the guarantee center merges the portfolio loan information and informs the provident fund loan part face to face. After the interview, the borrower waits for the allocation of the portfolio loan.
Second, matters needing attention
1, first trial
To apply for a portfolio loan, the preliminary examination procedure is the same as that of a provident fund loan. After passing the preliminary examination, when the borrower goes to the bank to handle other procedures for provident fund loans, he should fill in the application form for commercial loans and go through relevant procedures as required by the bank. After the two loans are approved, the bank will transfer them to the account of the selling unit at the same time. In portfolio loans, the loan term, loan date and repayment date of provident fund loans and commercial loans are the same, but different interest rates are implemented.
2. Provident fund loans:
Apply for portfolio loans should be submitted to the housing provident fund management center or its sub-centers, and the housing provident fund management center will conduct preliminary examination. The applicant should first go to the collection department of the provident fund center to receive the Application Form for Personal Housing Guarantee Entrusted Loan, which includes the proposed purchase price, the proposed loan amount, the term and the provident fund balance of himself, his spouse or the applicant, and submit the signed Purchase Subscription and other materials required by the provident fund center. After the preliminary examination of the provident fund center, the appraisal company will evaluate the real estate. After the appraisal firm issues an appraisal opinion, the collection department of the provident fund center issues a loan commitment letter. The applicant can sign a formal purchase contract, and the provident fund loan is partially completed.
3. Bank loans:
Applicants are required to fill in the Application Form for Individual Housing Loan and other relevant documents, and submit the corresponding loan application materials. After the bank approves the loan, the bank will transfer the loan amount to the developer's account at one time.
Third, how much can I borrow?
Step 1: Calculate the loan amount of provident fund.
The interest rate of provident fund loans is much lower than that of commercial loans, so buyers hope to get a higher amount of provident fund loans.
What needs to be clear is that if the calculated maximum loan amount exceeds the upper limit of provident fund loans, the upper limit shall prevail.
Step 2: Calculate part of the amount of commercial loans.
For the part of commercial loans, the standards in different places are relatively uniform, that is, the amount of commercial loans =n (the lower of the evaluation value or the online signing price) * loan ratio-the amount of provident fund loans.
Second-hand houses can also apply for provident fund commercial loan portfolio loans, but some banks are reluctant to accept such loans in the case of older houses, smaller areas and lower housing prices.
References:
"You may not know the process of buying a house with a loan."
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