Now because the house price is too high, most people can't buy a house with all the money. Loan to buy a house using provident fund loan can save a lot of interest expenses for buyers. Therefore, most people with provident fund choose to use provident fund loan to buy a house. Although it is very cost-effective to buy a house with provident fund, it is not applicable to everyone and all situations. The small editor of this article will tell you who and what circumstances are not suitable for using provident fund loans to buy a house.
1. Credit investigation
Buyers with bad credit records are difficult to apply for provident fund loans.
When the buyer encounters the following situations, such as: the credit card is overdue for 3 consecutive times or 6 times in total; The monthly auto loan is overdue for 2-3 months; At present, the monthly mortgage payment is overdue for 2-3 months; When they are sued by the court due to bad credit, they cannot use the provident fund for loans. In addition, the arrears of water and electricity fees, the failure to cancel the number in time after the suspension of mobile phones, the arrears, etc. will also affect the credit investigation of house buyers, resulting in their inability to apply for provident fund loans.
Buyers had better check their personal credit records as soon as possible after deciding to take the provident fund loan mode. If they find that there is a bad credit record, it is suggested to actively find a solution.
2. Abnormal provident fund account
The requirements for the payment proportion and supplementary payment of provident fund accounts all over the country are different. According to the law, if the general borrower establishes an individual housing provident fund account for less than 90 days, and calculates forward from the application for provident fund loan, and fails to pay the housing provident fund in full and on time for more than 3 months, he may not apply for provident fund loan.
3. The developer refuses
Not all developers are happy to accept buyers' use of provident fund loans to buy a house. If buyers sign a contract with developers and learn that 'this building does not support housing provident fund loans' when handling bank loans, it shows that developers refuse to accept buyers' use of provident fund loans. Therefore, we must ask the developers whether they can accept the provident fund loan in advance before going through the loan process, otherwise they will encounter loan trouble in the later stage.
4. The provident fund loan has not been paid off
In cities with purchase restrictions, the requirements for provident fund loans are generally strict. If the buyer has used the provident fund loan to buy a house before, and the provident fund loan of the first suite has not been settled yet, it is likely that the second suite has no right to use the provident fund for loan.
5. The area of the first suite is too large
In order to crack down on speculative house purchase, the state has set certain restrictions on the provident fund loan conditions of the second house. That is, whether the first house is a commercial loan, provident fund loan or one-time payment, as long as the area of the family's first house is greater than 140 square meters, even if the provident fund loan has not been used once, when purchasing the second house, it has no right to use the provident fund loan to buy a house.
6. Non residential houses
According to the law, when purchasing houses with the following purposes, buyers shall not use provident fund loans: office houses, commercial houses, dual-purpose commercial and residential houses, garages, villas and other non residential houses; The nature of non-state-owned land, etc. Therefore, when people buy a house with a loan, they need to think clearly about the purpose and nature of the house. If they want to use the provident fund to buy a house with a loan, they can't touch the house with the above purpose and nature.
7. The third provident fund loan
If you have used provident fund loans twice before, you will be classified as a loan restricted group. That is, if you have two provident fund loans, you can't use the provident fund loans when you buy a house for the third time. At this time, whether you have settled the previous two provident fund loans or not, you are no longer eligible to apply for provident fund loans.
8. Second hand houses with long age
Because many second-hand houses are too old, the housing age plus loan period has exceeded 30 years, and they can not handle provident fund loans. Therefore, when buying second-hand houses, we must ask the age of second-hand houses, and ask whether we can borrow money from the provident fund center at the same time.
It can be seen that the state has set many restrictions on provident fund loans, and many of them can not follow the provident fund loan model. When buying a house with a loan, buyers must know who is not suitable for provident fund loans. I hope the eight precautions mentioned above can help you who want to apply for provident fund loan to buy a house.