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How much is the down payment of the first house loan? What are the requirements for the down payment

The house price of the building has always been the main concern of all of us. It can also be said that the house price affects the total house price of our house purchase and directly affects the amount of our down payment. The house purchase loan only solves most of our house payment, and we still have to prepare the down payment ourselves. So, Xiaobian, how much is the down payment on the first mortgage? What are the requirements for mortgage down payment?

How much is the down payment on the first mortgage?

1. The first house refers to that the buyer has only one house. Usually, China should give some preferential loans for the first house. Relevant regulations in 2018 show that at present, the down payment ratio of provident fund loan for the first house in China is 20%, and the down payment ratio of commercial loan is 30%. The minimum down payment ratio of 2 suites is adjusted to no less than 40%, that is, 40%. Ordinary houses with more than 2 years (including 2 years) are exempted from business tax.

2. In terms of provident fund policy, according to the current provident fund withdrawal policy, the down payment for buying a house cannot be withdrawn directly from the provident fund account. When purchasing a future house, you must pay the down payment first, and then sign a house purchase contract with the developer. The down payment ratio of the first house is 20%; The minimum down payment ratio for the purchase of ordinary self owned housing with a settled loan for a suite is 30%, while the previous down payment ratio was 60%.

3. For families with one house and having settled the corresponding house purchase loans, in order to improve their living conditions and apply for commercial housing loans again, financial institutions implement the first housing loan policy. Under normal circumstances, housing loans can be borrowed to 70% of the housing evaluation price, but it is worth noting that the housing evaluation price is lower than the market price.

What are the requirements for mortgage down payment?

1. The most basic requirement of housing loan is that the age of the lender must be 18-60 years old, and the actual age of the borrower plus the loan application period shall not exceed 70 years old. At the same time, the applicant must have family income certification materials and relevant asset certificates, including payroll, individual income tax form, income certificate issued by the unit, bank deposit certificate, etc.

2. When buying a house, generally, the down payment is 30%, and your loan period and loan amount are calculated according to your salary certificate and your age. Experienced property buyers know that the longer the time, the higher the corresponding interest. Therefore, under normal circumstances, the loan for 30 years is more than 200000 than 20 years. If you have extra money, you can naturally choose to appropriately increase the proportion of down payment. After all, the loan interest rate is higher than the deposit interest rate.

3. Because considering the repayment risk of the loan, the relevant departments will require the buyer to provide a part of the down payment, that is, a part of the house payment will be paid by the individual in advance to prove that you have the ability to repay. If it is agreed in the house purchase contract that the loan can not be refunded, the down payment can be refunded. It depends on how it is agreed in the contract.