How much is the down payment of second-hand housing? The audience of the down payment of second-hand housing is influenced by many factors
Compared with the new house, the price of second-hand house will be a little cheaper. The satisfactory second-hand house can also avoid the cost of decoration. Some furniture does not need to be purchased again, and it also saves a lot of energy. However, some friends reflect that the down payment of second-hand house is high, so how much is the down payment of second-hand house? What factors affect the down payment ratio of second-hand housing?
1、 Let's start with the general ratio
Generally speaking, the down payment ratio of second-hand housing is 30%, but in real life, when someone buys a second-hand housing, the down payment is higher than this ratio, some people may have doubts? Why is it different from the prescribed ratio?
In fact, the proportion of down payment should be based on the actual situation of second-hand housing. Each bank has its own regulations, which can not be generalized.
2、 In terms of the proportion of down payment, there are three factors that will affect the second-hand housing
1. Number of properties owned by the Lender
One of the factors that affect the down payment ratio is the number of second-hand housing mortgage loans. Second hand housing mortgage loans can be divided into first and second housing. The down payment ratio of the two kinds of housing is different.
If the second-hand house is the buyer's first flat, then the down payment ratio of the loan requires at least 30% of the down payment, and if it is the second house, then the down payment required will be more, usually about 50% to 60%. Before considering buying a second-hand house, the lender needs to have a number in mind about the house he owns.
2. Local policy
Local policies will also affect the down payment ratio of second-hand housing. Each place has different policies in line with the local actual situation. Policies generally involve and stipulate the down payment ratio standard in the sale of second-hand housing. The policies of each place are different, which are set by the local government according to the actual situation of the region.
Whether it is to apply for commercial loans to buy second-hand housing or to apply for provident fund loans to buy second-hand housing, different places, different regional policies, the amount of down payment required to prepare is not the same, there are differences. Therefore, before buying a second-hand house, we must check the relevant local housing policies and understand that there are no regulations on the down payment ratio.
3. Appraisal price of second hand house
The down payment ratio of second-hand housing will also be affected by the bank's appraisal price. We usually say that 70% of the second-hand housing can be loaned. It does not mean that we can get 700000 for a million houses, but 70% of the bank's appraisal value.
In other words: if the appraisal price of one million houses is 800000, the lender can apply for a loan of 560000 at most, in other words, it needs to prepare a down payment of 440000.
Therefore, from the above examples, we can see that the net down payment of the second-hand house is: the actual transaction price minus the actual loan amount (the net down payment does not include various taxes and intermediary service commission). So in the purchase of second-hand housing down payment also depends on the bank's appraisal price of the property is how much.
Therefore, there is no final conclusion about how much down payment an individual needs to apply for a second-hand housing loan. Different situations require different amounts. Before preparing for the loan, you should consult the relevant banks in advance. However, the more down payment you need to prepare, the better. You can make a budget before buying a house to avoid the shortage of funds, which will affect the subsequent process and purchase plan.