China News Service, Yinchuan, May 19 (Reporter Li Peishan) The reporter learned from the Yinchuan Housing and Urban-Rural Development Bureau of Ningxia on the 19th that the Yinchuan Housing and Urban-Rural Development Bureau jointly issued the Development and Reform Commission and other six departments recently. "Implementation Opinions on Circular and Healthy Development" (referred to as "Implementation Opinions"), implement policies based on the city to encourage a virtuous circle and healthy development of the real estate industry in Yinchuan.
After this "Implementation Opinion" was issued, the "Notice on Promoting the Stable and Healthy Development of Our City's Real Estate Market" (enhanced version of "Silver Eight") issued by Yinchuan City in 2021 was immediately repealed.
According to the "Implementation Opinions", Yinchuan City has unlocked all previous restrictions on the qualifications of house buyers, and it is clear that individuals who purchase houses in Yinchuan, the number of house buyers and the main body of house buyers are not subject to household registration restrictions, and the transfer period of commercial housing sales contracts signed in Yinchuan City is not limited.
At the same time, Yinchuan City has reduced the down payment ratio to reduce the pressure on home buyers to raise funds in the early stage. The minimum down payment ratio for individuals purchasing a first home through commercial bank and provident fund loans is lowered to 20%, and the minimum down payment ratio for a second home is lowered to 30%.
For families who own a house and have paid off the house purchase loan, if they apply for a commercial personal housing loan again in order to improve their living conditions, the first-home loan policy shall be implemented.
At the same time, Yinchuan City increased the maximum amount of housing provident fund loans paid by a single employee from 500,000 yuan to 600,000 yuan this time, loosened the restrictions on off-site loans in Ningxia, and adjusted it to be extended to the whole country, allowing employees who pay provident funds nationwide. Apply for a provident fund loan to purchase a house in Yinchuan City.
The "Implementation Opinions" stated that Yinchuan City will fully liberalize the "combined loan" business, and for borrowers who meet the conditions for personal housing commercial loans and housing provident fund loans, they are allowed to apply for personal housing while applying for personal housing commercial loans. Provident fund loan.
This move means that the amount that homebuyers can borrow is no longer constrained by a single loan, and the "combined loan" can effectively solve the dilemma of insufficient provident funds and too expensive commercial loans, providing policy support for homebuyers to reduce their burden.
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