'term housing loan' refers to the house under construction and not yet in good condition. It refers to the period from the acquisition of the pre-sale license of commercial housing to the acquisition of the real estate certificate (large property right certificate). During this period, the commercial housing is called term housing. How to deal with the loan for the future housing? The loan process of the house in advance.
Conditions required for the future housing loan:
1. In general, there are age restrictions on the term housing loan, which cannot exceed 65 years old. You need income certificate and work certificate to prove your repayment ability;
2. If the house has a common owner, the consent and signature of the common owner shall be required, and the common owner shall bear corresponding legal liabilities;
3. At the same time, it is necessary to provide the original and copy of the pre-sale contract for house purchase, the receipt for house advance payment, and other documents specified by the bank;
4. If it is a mortgage of the house in advance, the mortgagor must be the buyer of the house in advance, that is, the person who signs the house in the pre-sale contract.
Objects and requirements of the loan for the future house:
1. Individuals with full civil capacity who have paid the housing fund in full and on time for more than one year;
2. In this city, the city has applied to the provident fund center for loan scale real estate to purchase housing under construction;
3. Have proper occupation and stable economic income, have the ability and willingness to repay the loan principal and interest on schedule, and have good credit;
4. There is a registered legal and effective "commercial housing sales contract";
5. Have self raised funds no less than 20% of the total purchase price;
6. Agree to use the purchased house as mortgage;
7. Agree to handle housing property guarantee;
8. Other conditions stipulated by the provident fund center.
Materials required for loan application:
1. ID card and account (or other valid residence certificate) of the borrower and the co owner of the property (including the spouse);
2. Legal and effective "commercial housing sales contract";
3. Evidence of having paid not less than 20% of the total purchase price for self financing;
4. Income certificate of borrower and spouse;
5. Marriage status certificate of borrower and property co owner (including single certificate);
6. Other information required by the provident fund center.
Loan handling process:
Step 1: the staff who buy the house can consult the loan handling bank or the housing fund management organization to deal with the loan related matters, and calculate the loan amount and term.
Step 2: the buyer shall apply to the undertaking bank for a loan, submit a copy of the relevant information and bring the original for inspection.
Step 3: after receiving the notice from the handling personnel, the approved loan applicant shall sign the loan contract and other relevant contract texts at the agreed place at the agreed time and handle the housing real estate guarantee.
Step 4: go through the procedures of purchase transaction and mortgage registration.
Step 5: the loan that has completed all procedures shall be issued to the borrower by the loan handling bank in accordance with the loan contract, and the loan funds shall be directly transferred to the account designated by the house seller of the real estate purchased by the borrower.