What is the down payment ratio for the first home, and the down payment ratio for the first home

The real estate certificate (premisespermit) is a document that the buyer obtains the legal ownership of the house through the transaction, and can exercise the right to occupy, use, benefit and dispose of the purchased house in accordance with the law. That is, the "Housing Ownership Certificate" is a legal certificate for the state to protect the ownership of the house in accordance with the law. Homeowner credentials to manage and use their own home.

In a general sense, the real estate certificate is the abbreviation of the house ownership certificate, which is a written certificate issued by the real estate registration authority to prove the ownership of the house.

The down payment ratio for the first home is between 25% and 30%, and the down payment ratio for the first home provident fund loan is between 20-30%, and some cities have restrictions on the area of the house purchased. The interest rate for buying a house with a commercial loan will rise, and the benchmark interest rate will be implemented for buying a house with a CPF loan. Legal basis:

Article 45 of the Law of the People's Republic of China on the Administration of Urban Real Estate The pre-sale of commercial housing shall meet the following conditions: (1) all the land use right transfer fees have been paid and the land use right certificate has been obtained; (B) holding a construction project planning permit; (3) According to the calculation of the pre-sold commercial housing, the funds invested in the development and construction of the project shall reach more than 25% of the total investment in the construction of the project, and the construction progress and completion delivery date have been determined; (D) to the county level or above the people's ** real estate management department for pre-sale registration, to obtain the commercial housing pre-sale license certificate. The pre-seller of commercial housing shall, in accordance with the relevant provisions of the state, submit the pre-sale contract to the people's real estate management department and land management department at or above the county level for registration and filing.

The proceeds from the pre-sale of commercial housing must be used for the construction of relevant projects.

If you apply for a loan to buy your first home, if you apply for a personal commercial housing loan, the down payment generally cannot be less than 30% of the total price of the house, which is the minimum limit.

However, various regions may make certain adjustments according to local real estate market trends and policy regulations, for example, in Shanghai, the minimum down payment ratio of the first home commercial loan is 35% (if you are not sure about the down payment ratio of the local first home commercial loan, you can consult the handling branch).

If you apply for a personal housing provident fund loan, the down payment ratio is 20% if the building area of the house does not exceed 90 square meters; If the floor area of the house is more than 90 square meters, the down payment ratio is 30%.

Of course, if you can pay more down payment, you can reduce the loan amount, which is also helpful for the smooth approval of the mortgage.

As for the down payment ratio for the second house, the minimum is 40%, but many banks around the country have set a down payment ratio of not only 40%, but also as high as 50% or 60%, or even 70%.

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Extended Information: Can I take out a second loan before the mortgage is disbursed?

Before the mortgage is disbursed, the user can take out a second loan.

The user has been approved for a mortgage and is waiting for the loan to be disbursed, in the meantime they can try to apply for another loan.

The record of passing the mortgage loan can help the user pass the review of other loans, because the bank recognizes the user, and other financial institutions will also recognize the user's credit qualifications.

Of course, whether the second loan can pass the review depends on the display results on the page or the reply of the financial institution, and it is impossible to pass the review 100% when applying for a loan.

Legal analysis: The minimum down payment for the first home is generally 30%, and some places use provident fund loans, and the minimum down payment ratio is not less than 20%. Therefore, there is no special fixed range for the down payment ratio of the first home, each region can be implemented according to its own actual situation, and the down payment ratio of commercial loans and provident fund loans is also different, and you can directly consult the bank or provident fund management center where you apply for the loan.

Legal basis: Notice of the People's Bank of China and the China Banking Regulatory Commission on Further Improving the Work of Housing Financial Services II. For families who take out loans to purchase their first ordinary self-owned houses, the minimum down payment ratio of the loan is 30%, and the lower limit of the loan interest rate is multiple of the loan benchmark interest rate, which is determined by the banking financial institutions according to the risk situation.

In cities that do not implement the "purchase restriction" measures, the commercial personal housing loan for ordinary housing purchased by a household for the first time is, in principle, a relatively low down payment ratio of 25%, and can be lowered by 5 percentage points in various localities. In other words, the minimum down payment ratio for the first home can be reduced to 20%.

On February 2, 2016, the People's Bank of China and the China Banking Regulatory Commission jointly announced that in cities that do not implement housing purchase restrictions, when a household buys a commercial personal housing loan for the first time in Juchangji, the minimum down payment ratio for the house is 25% in principle, and the minimum down payment ratio for families who purchase a second house and the loan is not settled is not less than 30%.

Down payment for the first home = total payment for the first home - loan amount for the first home buyer.

Loan amount for the first home buyer = 80% of the contract price (market price of the house) (if you are a first-time borrower, the maximum amount can be up to 80%)

Legal basis:Article 1 of the Law of the People's Republic of China on the Administration of Urban Real Estate is formulated in order to strengthen the management of urban real estate, maintain the order of the real estate market, protect the legitimate rights and interests of real estate rights holders, and promote the healthy development of the real estate industry.

The down payment for the first home is 20%-30%.

According to the national policy, for the purchase of the first house, the down payment ratio of the first house with an area of less than or equal to 90 square meters should not be less than 20% of the house price, and the down payment ratio of more than 90 square meters should not be less than 30% of the house price. The first home here refers to the purchase and ownership of only one home.

A second home loan refers to a second home loan for the borrower's family (including the borrower, spouse and minor children) who already have a property in their name, and the loan is applied for to purchase another house. Based on the principle of "recognising the house but not the loan", that is, regardless of whether the loan for the first house is paid off or not, the loan to buy another house should be counted as a second house. The down payment ratio of the second house is not less than 50% according to national regulations.

Introduction to the down payment of three or more housing loans

The new policy relaxes the rules for the purchase of three or more properties. According to the original policy, the issuance of loans for three houses can be suspended according to the risk situation of specific banks, while the new policy states that for loans of three or more properties, each commercial bank can carefully decide whether to borrow, as well as the down payment ratio and loan interest rate after taking into account the borrower's repayment ability, credit status and other factors.

If the comprehensive level of personal loan repayment ability meets or exceeds the bank's requirements, it is very likely to obtain three or more housing loans, and the specific mortgage down payment ratio depends on the bank. According to the national regulations, there are different standards according to the number of houses, and there may be some differences in bank policies in various places.

The general down payment is 30%, and the down payment cannot be loaned, so the buyer must have some savings in hand. The mortgage interest can be applied for a provident fund loan.

For first-time home buyers, the down payment is more than 30%. A down payment of more than 40% for second-time home buyers. According to the local policy, there is a case where the down payment is 20%.

The amount of monthly payment depends on how much money you borrow, and how many years you have to pay for it.

Banks review the down payment of housing loans**, mainly including loans from financial institutions, microfinance companies, and transfers from non-immediate family members. Before the mortgage is approved, the borrower's family needs to provide a down payment** for nearly half a year, and if part of the down payment is transferred in the past six months, it needs to be verified whether it is a reasonable income.

According to the bank's standard, if there is a record of receiving a large amount of transfer from non-immediate family members within half a year, then the bank may default to the borrowing behavior. For immediate family members who transfer in, it is necessary to provide the flow of immediate family members for nearly half a year.

1) In China, there is no fixed regulation on the proportion of late down payment for the first home, and each region implements the down payment ratio for the first home according to different actual conditions, so the down payment ratio for the first home is a difficult point to grasp.

1. Take the down payment ratio of the first house in Beijing as an example to understand:

1) Business loans.

If it is a first-time home buyer, you can borrow 70% of the appraised value of the house (the appraised price is generally lower than the market price). For example: a house market ** is 2 million, the appraisal price is 1.8 million, then the maximum loan of 1.8 million is 70%, that is, 1.26 million, the remaining house payment of 2 million - 1.26 million = 740,000 is used as a closed down payment), the interest rate is discounted (85% of the benchmark interest rate); Note:

Commercial loans recognize both housing and loans: not only to see whether there is a property in the family's name, but also to see whether there is a previous loan record. Even if there is a property that has been **, or Sen Li has a mortgage that has been paid off, it is counted as a record (for example:

Have ever had a residential property and have been **; Or once had a residential property, and there is a loan, and the loan has been paid off, the house has been given to others, and now there is no house in the name, it is counted as a record, and when you buy a house through a commercial loan, it is considered a second set).

2) Provident Fund Loans.

If it is a first-time home buyer, you can borrow 80% of the appraised value of the house (within 90 square meters, 70% if it is more than 90 square meters). Note: If the provident fund is not rated, you can generally only borrow up to 800,000, but it depends on your provident fund contribution amount and contribution ratio, and the calculation method of the down payment for the first house

Down payment = total housing payment - customer loan amount loan amount = contract price (market price) * 80% (up to 80% of the first loan amount).

1. What is a first home?

A first home is the purchase of a home that only owns one. The People's Bank of China stipulates that China's urban residents can enjoy preferential mortgage loan interest rates when they purchase their first house. The so-called "first home" must meet three conditions at the same time:

The buyer is at least 18 years old; The house you buy is an ordinary house of 90 square meters and below (an ordinary house of 90 square meters and below is a preferential deed tax rate of 1%); The purchaser does not have a home in his or her name, either alone or in conjunction with others. However, if it is purchased with parents, it is purchased in accordance with the housing reform policy, except for the housing obtained through inheritance or demolition and resettlement.

Then the maximum is to borrow 1.8 million yuan and pay 70% with a down payment. If it is a CPF loan, the down payment ratio can reach 80%, but the rules for not using the down payment ratio are different in different regions, so it is best to consult the local bank or housing management agency.

In general, there are 4 types of down payment ratios for buying a house:

1. If you buy a new house and the area of the new house is less than 144 square meters, you can enjoy a down payment of 20%, and 30% for other circumstances.

2. For the first house, no matter how much the area of the second-hand house, the minimum down payment is 30%.

3. For the second suite, the down payment for buying a new house or a second-hand house is 70%;

4. If there are three or more suites, the bank basically does not apply for a loan, and must purchase it in full. If you want to know how much the down payment ratio for buying a house in Shenzhen, you have to know the area and number of houses you buy; The proportion of the down payment is different for different sizes and different quantities of houses. Generally speaking, the down payment for buying a house in Shenzhen is generally 20% to 30% of the total price of the house.