How to get a loan to buy a house in Liaocheng: the latest policies and practical guide
As the real estate market in Liaocheng continues to heat up, buying a house with a loan has become the first choice for many home buyers. This article will combine the hot topics of the past 10 days to provide you with a detailed analysis of the process, policies and precautions for buying a house with a loan in Liaocheng, and help you complete your house purchase plan efficiently.
1. Liaocheng’s latest mortgage policy (updated in 2023)
| Loan type | down payment ratio | interest rate floor | Maximum years |
|---|---|---|---|
| First home commercial loan | 20% | LPR-20BP (4.0%) | 30 years |
| Second home commercial loan | 30% | LPR+60BP (4.8%) | 25 years |
| Provident Fund Loan (Single Payment) | 20% | 3.1% | 30 years |
2. The whole process of buying a house with a loan
1.Pre-qualification: Confirm that the personal credit report is good (no more than 6 overdue payments in the past 2 years), and social security/personal tax payments have been made continuously for more than 12 months.
2.Property selection: Reference price in popular areas of Liaocheng:
| area | Average price of new houses (yuan/㎡) | Average price of second-hand houses (yuan/㎡) |
|---|---|---|
| Dongchangfu District | 8500-11000 | 7500-9500 |
| development zone | 7000-9000 | 6500-8000 |
3.loan application: Required materials: ID card, household register, income certificate (more than twice the monthly payment), house purchase contract, and down payment voucher.
4.Bank interview: Comparison of approval timeliness of mainstream banks in Liaocheng:
| bank | Approval time | Early repayment liquidated damages |
|---|---|---|
| ICBC | 7-10 working days | 1% remaining principal |
| China Construction Bank | 5-7 working days | None (more than 1 year) |
3. Answers to recent hot questions
1.Provident Fund New Deal: Liaocheng will support provident fund loans in other places from October 2023, and additional proof of deposit place is required.
2.Interest rate dynamics: Some banks have launched the "Golden Nine and Silver Ten" discounts, and the interest rate for the first home can be as low as 3.8% (financial insurance products need to be purchased).
3.Risk warning: There has been a "zero down payment" promotion trap recently. If you actually operate in violation of regulations through high appraisals, you may face legal risks.
4. Professional advice
1.Portfolio loan priority: When the provident fund loan limit is insufficient (up to 500,000 per person), it is recommended to adopt the "provident fund + commercial loan" combination model.
2.Repayment method selection: The total interest of equal principal and interest is small (suitable for those who plan to repay early within 5 years), and the monthly payment pressure of equal principal and interest is small.
3.developer cooperative bank: Choosing a real estate cooperative bank can usually provide you with faster loan speed (usually 3-5 working days faster).
The current housing loan market in Liaocheng is generally loose, but it is recommended that home buyers make rational choices based on their own repayment ability. They can first conduct simulation calculations through the "mortgage calculator" on each bank's official website. The latest data shows that the transaction volume of new homes in Liaocheng increased by 12% month-on-month in September, and the mortgage approval rate reached 89%, an increase of 6 percentage points from the same period last year.
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