Chinanews.com client, August 19, Hainan Provincial Housing Provident Fund Administration issued the "Notice on Adjusting Relevant Regulations on Housing Provident Fund Personal Housing Loan Business" on the 18th. The content of the document shows that the maximum amount of personal housing loans of housing provident fund will be increased. To purchase a new owner-occupied house, the maximum loan amount is 1 million yuan for families where both the borrower and his wife have paid the housing provident fund in Hainan Province; the maximum loan amount is 700,000 yuan for the borrower who only unilaterally pays in Hainan Province. Buy second-hand owner-occupied housing. For families where both the borrower’s spouse and his wife have paid the housing provident fund in Hainan Province, the maximum loan amount is 700,000 yuan; if the borrower only unilaterally pays in Hainan Province, the maximum loan amount is 400,000 yuan.
The document also clarifies the minimum down payment ratio for second-hand owner-occupied housing loans. For borrowers who purchase second-hand owner-occupied houses and apply for housing provident fund loans, the minimum down payment ratio is 40%.
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