The balance of provident fund cannot be used as down payment.

1. The balance in the provident fund account cannot be directly used to pay the down payment for the purchase of a house.

Because the principle of using provident funds is to consume first and withdraw later, that is, the provident funds can be withdrawn only after the purchase of a house.

You need to make a down payment first, and then go to the Housing Provident Fund Management Center to withdraw the balance in the provident fund.

2. If you are purchasing a house with a loan, you can go through the provident fund withdrawal procedures after purchasing the house with the original and copy of the loan contract, the original house purchase contract, the original and copy of the down payment invoice, etc. to relieve the pressure of down payment and monthly repayment.

3. If the borrower purchases policy-based housing, such as affordable housing, low-rent housing, fund-raising cooperative housing construction, etc., he can apply for a one-time withdrawal of the housing provident fund in the employee's personal account and transfer it to the employee's personal savings account for payment.

Down payment for home purchase.

4. Please note that the total amount of provident fund withdrawal cannot exceed the total house payment.

5. You need to pay off the provident fund loan before using the provident fund to buy a house.