The methods of using the housing provident fund for purchasing houses are as follows:

1. The applicant himself brings the original and photocopy of the purchase materials, ID cards of both parties, household registration book and marriage certificate to the municipal provident fund management center to handle the loan application procedures;

2. After the approval of the Municipal Provident Fund Management Center, the loan information will be transmitted to the entrusting bank;

3. The entrusting bank informs the borrower and spouse to sign the Loan Contract and the Mortgage Contract;

4. The borrower and spouse receive the Property Ownership Certificate;

5. The borrower issues the Lending Notice to the provident fund management center with the original and photocopy of the Property Ownership Certificate;

6. The borrower shall go through the loan issuance formalities at the entrusting bank with the Lending Notice.

Provisions on the use of housing provident fund:

1. Extraction conditions: It must meet the extraction conditions stipulated by the local housing provident fund management center, such as purchase, construction, renovation and overhaul of self-occupied housing;

2. Extraction process: Relevant supporting materials, such as house purchase contract, identity certificate, deposit certificate of provident fund, etc., need to be submitted, and the extraction procedures should be handled according to the specified process;

3. restrictions on use: the withdrawn provident fund can usually only be used to pay down payment, repayment of principal and interest and other expenses directly related to house purchase;

4. Buying a house with a loan: the provident fund can be used to apply for a housing provident fund loan and enjoy a relatively low loan interest rate;

5. Joint account: When buying a house, both husband and wife can combine their own provident fund accounts to increase their ability to pay for the house;

6. repayment method: you can choose two repayment methods: matching principal and interest or average capital, and choose the appropriate repayment plan according to your personal economic situation.

to sum up, using the housing provident fund to purchase a house involves the applicant submitting relevant information to the provident fund management center, signing a contract with the entrusting bank after approval, obtaining the Property Ownership Certificate, and finally obtaining the Lending Notice to complete a series of processes of loan issuance, which ensures the formal use and safety of the housing purchase funds, and also embodies the standardized operating procedures of provident fund loans.

Legal basis:

Regulation on the Management of Housing Provident Fund

Article 26

Employees who have paid housing provident fund can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall, within 15 days from the date of accepting the application, make a decision on whether to grant or not to grant loans, and notify the applicant; If the loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center. Second, what are the conditions for applying for provident fund loans? 1. Have a permanent valid account in the local town where the loan is made, and can provide valid proof of residence; 2. Before the loan, there is a housing provident fund that has been continuously deposited for more than 6 months, and the cumulative deposit time of the provident fund cannot be less than 12 months; 3. The self-financing of the first suite reaches more than 3% of the total price of the purchased house, and the first home loan below 9 square meters only needs 2%; 4. The borrower has a proper job and a stable income, a fixed monthly salary, and a clear intention to repay the loan; 5. Signed a house purchase contract or contract with the house sales office; 6. Meet other conditions stipulated by the trustor and the trustee.