For a bigger house? Provident fund loans in multiple places to buy a second home, down payment as low as 30%

　　Zhongxin Finance, April 20 (Zuo Yukun) There is news of relaxation in the property market!

　　A few days ago, the Kunming Municipal Government issued a new policy on real estate regulation, and hit 25 "combination punches" in a row, which is the epitome of the current regulation of the real estate market.

Among them, the support for the provident fund policy has also become an important market point of view.

　　Recently, many new real estate control measures have focused on provident funds.

According to incomplete statistics, more than 20 new policies related to housing provident funds have been introduced since 2022.

Data map: Kunming street.

Photo by China News Agency reporter Li Jiaxian

Loan limit increased

　　The "Opinions on Promoting Stable Land Prices and Housing Prices in the Real Estate Market" issued by the Kunming Municipal People's Government Office clarified that the housing provident fund should increase the support for reasonable housing needs such as first homes and improved housing, and moderately increase housing provident fund loans. amount.

　　Although the "Opinions" does not specify the specific amount of provident fund loans, there are media reports that property consultants from a number of intermediary agencies in Kunming have released the "Latest Provident Fund Policy in Kunming", which shows that starting from April 18, the personal quota will be adjusted from 300,000 It is 500,000, and the double-employee contribution is 800,000.

　　As the provincial capital, Lanzhou, Gansu also clearly proposed to increase provident fund loan support.

Gansu Provincial Housing Fund Management Center and Lanzhou Housing Provident Fund Management Center increased the maximum amount of housing provident fund personal housing loans from 600,000 yuan to 700,000 yuan for married employees and 500,000 yuan to 600,000 yuan for single employees.

　　Jiangsu Taizhou has just raised the loan limit of provident fund in an all-round way. The maximum loan amount of housing provident fund for dual employees has been raised from 400,000 yuan to 500,000 yuan, and the maximum loan amount of single-employee housing provident fund has been raised from 250,000 yuan to 300,000 yuan.

　　Jiangsu Yancheng proposed that if all family members meet the loan conditions, the maximum loan limit will be adjusted from 400,000 yuan to 600,000 yuan; if only one person meets the loan conditions, the maximum loan limit will be adjusted from 200,000 yuan to 300,000 yuan.

　　Shandong Linyi proposed that if both the husband and wife of the employee normally pay the housing provident fund in full, the upper limit of the loan for the purchase of self-occupied housing will be increased from the current 500,000 yuan to 600,000 yuan.

　　The result of Sichuan Ziyang’s adjustment of the provident fund loan amount is as follows: if both the husband and wife of the employee’s family pay the housing provident fund, the maximum loan amount is 600,000 yuan; if the employee’s family unilaterally pays the housing provident fund, the maximum loan amount is 400,000 yuan; For high-level talents introduced and recognized by the social sector, the maximum loan amount is 700,000 yuan.

　　The latest notice from Lishui, Zhejiang shows that the maximum limit for double-payment employees is adjusted from 500,000 yuan to 700,000 yuan, and the maximum limit for single-payment employees is adjusted from 250,000 yuan to 350,000 yuan.

Data map: There are many shops in Youzhu Street, Qingtian, Lishui, Zhejiang.

Photo by Fan Yubin

Lower down payment threshold

　　China-Singapore Finance found that the reduction of

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　　The Guangxi District Direct Housing Provident Fund Management Center has made it clear that if employees and their families buy a second house or apply for a provident fund loan for the second time, the minimum down payment ratio will be lowered to 30%.

　　Nanping, Fujian proposed that the down payment ratio for personal housing loans using housing provident funds for the second time to purchase new ordinary commercial housing in Nanping City was reduced from 40% to 30%.

　　Jingzhou, Hubei and Linyi, Shandong have also introduced similar policies, reducing the down payment ratio for second-home provident fund loans from 40% to 30%.

　　In Tangshan, Hebei, the reduction is even greater. It is clarified that if employees buy a second set of self-occupied housing, the minimum down payment ratio is adjusted from not less than 60% to not less than 30%.

　　Sichuan Ziyang also reduced the down payment ratio for loans using provident funds.

For employees who purchase their first ordinary self-occupied housing, the minimum down payment ratio is 20%; for purchasing two sets of improved housing, the minimum down payment ratio is 30%.

　　Lishui, Zhejiang Province stipulates that the minimum down payment ratio of employees who apply for housing provident fund loans for the first time to buy their first self-occupied housing is reduced to 20%.

　　"The number of cities where the down payment ratio of provident fund loans is lowered has increased, which fully reflects the current orientation of the reduction in the down payment ratio of provident fund loans. It has a greater stimulus or impact on the demand for improved housing purchases, and reflects the policy orientation of benefiting the people." Research by the Think Tank Center of E-House Research Institute Director Yan Yuejin believes that.

Data map: A house under construction.

Photo by Gao Ruifeng

Guarantee reasonable housing needs

　　"The adjustment policies and practices of provident fund are very similar in various places, mainly in terms of loan amount, down payment ratio, loan period, etc. From the perspective of the reason, it is to implement the policies of the central and local governments and actively protect the reasonable housing consumption demand." In Yan Yuejin's view Come, the subsequent relaxation of provident fund policies in other cities across the country will basically follow this.

　　Bai Wenxi, chief economist of IPG China, also believes that these adjustment policies are oriented from the capital side, hoping to inject stronger purchasing power into the property market to promote the recovery and recovery of the property market, and at the same time drive the relaxation of other supporting measures to control the property market. Promote the rise in the activity of the property market and the recovery of industry information.

　　Since the central bank first mentioned the "two maintenance" of real estate at the end of September 2021, the central government and various ministries and commissions have frequently released positive signals, emphasizing the need to support the commercial housing market to better meet the reasonable housing needs of homebuyers, focusing on first-home and improved housing mortgages need.

　　"Since the fourth quarter of 2021, the provident fund policy has been adjusted in many places, especially in cities with low real estate market activity and low home buyer sentiment, and many pairs are aimed at talents, new citizens and other groups." Chen Wenjing, research director, pointed out that since the beginning of this year, the adjustment of the provident fund has continued to strengthen, and the coverage has been further expanded.

　　The provident fund policy's protection for home buyers is gradually reflected in more ways.

For example, Shanghai, Gansu, Jinan, Nantong and other places all issued documents stating that due to the impact of the epidemic, provident fund loans will not be overdue.

　　Chen Wenjing believes that in the short term, it is expected that the real estate credit environment will continue to improve, and more cities will follow up and adjust the provident fund policy.

"However, the relaxation of the standards for the determination of loan restrictions for provident funds may be promoted in small and medium-sized cities, and the adjustment expectations in large cities are small." (End)