How much can the provident fund buy a house?

When applying for a loan, the borrower has continuously paid the provident fund in full for more than 6 months (inclusive), and the provident fund account is in the state of payment, regardless of the amount of money in the account. Provident fund loan amount, account balance multiplied by 25 times. Individuals are 400,000 high, and both husband and wife are 800,000 high. Some local provident fund loans are used to purchase policy housing, and the deposit time is different from that of ordinary commercial housing. In addition to the deposit time, if you want to apply for provident fund loans, you need to meet several conditions:

Having a legal and valid identity means having the nationality of the people of China and a valid identity card; Having full capacity for civil conduct; Good credit and stable income; Having a house purchase contract or agreement confirmed by the local real estate registration department, and being able to handle mortgage and guarantee procedures; A certain percentage of the down payment has been paid as required.

What is the amount of provident fund loan?

1. If I use my housing provident fund to apply for a housing provident fund loan, the loan amount is 400,000 yuan. If the husband and wife combine housing provident fund loans, the loan limit is 600,000 yuan. The term of the provident fund loan is 30 years. The calculation of the loan amount of housing provident fund should be determined according to four conditions: repayment ability, proportion of housing price, balance of housing provident fund account and loan amount, and the loan amount of the borrower should be calculated according to four conditions.

2. The calculation method is as follows:

① Loan amount calculated according to repayment ability: the total monthly salary of the borrower and the monthly contribution of the housing accumulation fund of the borrower) × repayment ability coefficient-the total monthly repayment amount of the borrower's existing loan ]× loan period (month). The calculation formula of the loan amount for both husband and wife is: (total monthly salary of both husband and wife, monthly contribution of housing provident fund of both husband and wife's work units) × repayment ability coefficient-total monthly repayment amount of existing loans of both husband and wife ]× loan period (month). Among them, the repayment ability coefficient is 40%. Total monthly salary = monthly contribution of provident fund ÷ (proportion of unit contribution and proportion of individual contribution).

② If the loan amount is calculated according to the house price, the calculation formula is: loan amount = house price × loan ratio; Purchase of commercial housing, price-limited commercial housing, targeted placement of affordable housing, targeted sales of affordable housing or private housing. The purchase of public housing, the loan amount shall not exceed 70% of the purchase price of housing; In rural collective land construction, renovation, overhaul of their own housing, the loan amount does not exceed 70% of the required costs.

③ The loan amount calculated according to the balance of housing provident fund account shall not be higher than 20 times of the balance of housing provident fund account when employees apply for provident fund loans, and the balance of housing provident fund account is less than 20,000 yuan.

How much can I borrow from the provident fund account?

Hello! There is no actual limit for provident fund loans, but they must meet the following standards:

1. The borrower and his work unit must deposit the housing accumulation fund continuously for more than 6 months before they can make a loan;

2. The total provident fund paid by the borrower and his family should reach at least 30% of the newly-built (overhauled) housing expenditure;

3. The lender has stable income and the ability to repay the principal and interest;

4. The borrower agrees to handle the mortgage registration; Guarantee measures agreed by the local housing provident fund management center and sub-centers shall be provided. The above is the relevant content of how much the provident fund can borrow.

I hope I can help you and wish you a happy life!

How much can the provident fund borrow?

The eligibility for provident fund loans has nothing to do with the amount of money in the provident fund account. Generally, applicants are required to participate in the deposit of housing provident fund. Before applying for a loan, they must pay the housing provident fund continuously for at least 6 months (some cities need 1 year or more), and they can only apply for a provident fund loan if they are still in the deposit state when applying for a provident fund loan.

In addition, the application for provident fund loans also needs to meet the following conditions:

1. If one spouse has applied for provident fund loans, he can only apply for housing provident fund loans after the loan principal and interest are settled. If the principal and interest of the loan are not settled, neither party can obtain a housing provident fund loan.

Two, the applicant should have good credit conditions and repayment ability.

Three, also need to meet other conditions stipulated by the local housing provident fund management center.

The amount of provident fund loans is usually determined according to local policies. The general loan amount is 10-20 times of the balance of the provident fund account. In some areas, the maximum loan amount is 400,000 for individuals and 800,000 for couples. Please refer to local policies for details.