Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees.
Social organizations and their employees pay and store for a long time to pay for the future purchase, construction, renovation and overhaul of self-occupied houses. According to the regulations, the housing accumulation fund can only be used to raise funds for employee housing consumption and employee housing construction, and may not be used for other purposes.
Conditions and materials to be submitted for applying for housing provident fund loans
Conditions for applying for housing provident fund loans:
Having a permanent residence in this Municipality or a valid residence certificate;
Housing provident fund has been continuously deposited for more than half a year before the application, and the accumulated time for depositing the provident fund is not less than 2 years;
Self-raised funds reach more than 30% of the total housing price (including 30%);
Have a stable job and a stable source of income, and have the ability to repay the principal and interest of the loan;
Signed a house purchase contract or agreement;
Meet other conditions stipulated by the trustor and the trustee.
Application for housing provident fund loan materials
Application for personal loan of housing provident fund;
Identity documents (resident identity card, household registration book or other identity documents);
The borrower's proof of stable economic income or other proof of solvency issued by the employer;
Legal and effective procurement contracts, agreements or other approval documents;
List of collateral, certificate of ownership, and certificate that the obligee agrees to mortgage;
What are the steps for housing provident fund loans to buy a house?
Collateral assessment report issued by the real estate assessment agency recognized by the housing provident fund management department;
A written commitment issued by the guarantor agreeing to provide the guarantee and the guarantor's credit certificate;
Relevant certificates of self-raised funds used by the borrower to pay the down payment for house purchase;
Other documents and materials stipulated by the housing provident fund management department.
Steps to handle housing provident fund loans
The borrower may submit a written loan application and related materials to the loan bank, which shall submit it to the housing provident fund management department for approval, or directly apply to the housing provident fund management department for approval;
The borrower approved by the housing provident fund management department shall sign the loan contract and guarantee contract with the loan bank, and handle the mortgage registration, insurance, notarization and other related procedures;
According to the loan contract, the loan bank will transfer the loan to the special account for selling houses set up by the developer in the loan bank or directly to the deposit account opened by the borrower in the loan bank;
The borrower opens a repayment account in the loan bank and repays the loan principal and interest on schedule according to the repayment method and repayment plan agreed in the loan contract;
What are the steps for housing provident fund loans to buy a house?
After the loan is settled, the borrower obtains the Loan Settlement Certificate from the loan bank, retrieves the mortgage registration certificate and the original insurance policy, and goes through the mortgage registration cancellation procedures at the original mortgage registration department.
Limit of loan amount and duration of housing provident fund
According to the Measures for the Administration of Individual Housing Loans, the loan amount of housing provident fund shall not exceed 2 times of the deposit amount of housing provident fund within the retirement age of borrowing family members. At present, the amount of provident fund loan in Guangzhou is 70% of the total house purchase price or appraisal price (calculated at a low value), and the total amount does not exceed 250,000 yuan.
(The above answers were published on 20 15-07-08. Please refer to the current actual purchase policy. )
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