It should be noted that provident fund loan centers are different from commercial banks. Banks "recognize housing and loans", and the provident fund center "only recognizes housing and does not recognize loans". In other words, if the first home is mortgaged and sold, and now you buy a new house, you can also use the provident fund loan to consider the first home. The provident fund loan center only recognizes the real estate under the applicant's current name, and does not calculate the history of owning real estate and mortgage loans. However, according to the relevant policies and regulations of provident fund loans, the down payment of provident fund loans for the purchase of a second house must be greater than 60%.

What are the restrictions on the second suite of provident fund loans?

1. The definition of the second suite is that the number of mortgage loans is decided by the borrower's family (including the borrower, spouse and minor children). If the family has used provident fund loans or commercial loans to purchase, and applies for a mortgage again, it will be regarded as a second suite.

2. As long as buyers don't owe bank loans (whether commercial loans or provident fund loans), they can buy two suites with provident fund loans. If the first home loan is not fully paid off, they can't use the provident fund loan.

Legal basis:

Article 6 of the Regulations on the Management of Housing Provident Fund points out that the deposit and loan interest rate of housing provident fund is proposed by the People's Bank of China, and submitted to the State Council for approval after consulting the construction administrative department of the State Council.