The minimum down payment for buying a house in Hefei is 2%. If you buy a commercial house for the first time, if you use a commercial loan and the area of the house you buy is less than 9 square meters, the minimum down payment is 2%. However, if the area of the house you buy exceeds 9 square meters, the down payment for the first time is 3%. Now the local policy in Hefei has changed. The down payment for the first suite has been reduced from at least 3% to at least 2%, so it is more cost-effective to buy a house now. If you can apply for the housing provident fund, the loan interest will be lowered. People who just need to buy a house can get on the bus now.

to buy a house by mortgage loan, in addition to the down payment, you should also prepare the deed tax and housing maintenance fund that you need to pay when buying a house. Whether you buy a new house or a second-hand house, the deed tax is a fee to be paid. For some houses with relatively small building area, the deed tax is charged at 1% of the total house price, while most people buy houses with an area of more than 9 square meters but less than 144 square meters at 1.5%.