Zhongxin Finance, May 19. According to the website of Fuyang Housing Administration, Fuyang City has introduced measures to deal with the impact of the epidemic and promote a virtuous circle and healthy development of the real estate market.
The minimum down payment ratio for the first home is reduced to 20%.
The measures include: providing sufficient credit lines by financial institutions, speeding up the speed of lending, and giving priority to meeting the loan needs of homebuyers, with complete documents and meeting the loan conditions, generally 5 working days; as low as 20%.
The measures stipulate that based on the creditworthiness of borrowers and the principle of market pricing, increase the assessment of financial institutions, encourage and guide financial institutions to follow the latest loan market quotation interest rates and the latest requirements of differentiated housing credit policies (May 15, 2022: National The lower limit of 4.4% of the first set of housing commercial personal housing loan interest rate), the first set of housing and improved housing loan interest rates to the lowest, early repayment 0 penalty.
The measures stipulate that for families who own a house and have paid off the corresponding house purchase loan, if they apply for a loan to purchase commercial housing again in order to improve their living conditions, financial institutions are encouraged to implement the first-home loan policy.
The measures stipulate that the housing provident fund will increase the support for reasonable housing needs such as first housing and improved housing, and increase the loan amount. If the conditions for housing provident fund loans are met, the maximum personal loan amount will be adjusted from 300,000 yuan to 400,000 yuan. The maximum loan amount has been adjusted from 400,000 yuan to 500,000 yuan; to speed up the progress of loan issuance, if the housing provident fund loan cannot be repaid normally due to the impact of the epidemic, after review by the housing provident fund management department, it will not be processed overdue, and no overdue interest will be charged.
The measures stipulate that under the premise of maintaining the stability of the price of newly-built commercial housing, real estate development enterprises are guided to provide 3%-5% discounts on the total housing price for individuals or families purchasing newly-built commercial housing on a voluntary basis.
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