The "Notice" shows that in order to give full play to the guarantee role of the housing provident fund system, support the rigid and improved housing needs of employees, and promote the stable and healthy development of the real estate market, the Municipal Housing Provident Fund Management Committee decided to adjust some housing provident fund loan policies after deliberation and approval.
According to the New Deal, if both the loan applicant and the spouse meet the loan application conditions, the maximum loan amount will be increased from 600,000 yuan to 800,000 yuan; If the loan applicant meets the loan application conditions, the maximum loan amount will be increased from 400,000 yuan to 500,000 yuan.
At the same time, adjust the loanable amount, and increase the loanable amount from 20 times to 30 times of the balance of the housing provident fund accounts of both borrowers and spouses.
According to the policy interpretation of the Notice on Adjusting Housing Provident Fund Loan Policy issued by Weihai City, Weihai Housing Provident Fund Management Center pointed out that "the maximum loan amount has been raised to 800,000 yuan, can I apply for a second set of improved housing?" After the maximum loan amount is increased, dual-employee families who buy the first and second self-occupied houses can apply for a loan of up to 800,000 yuan. Applicants can apply for a loan of up to 500,000 yuan for single-employee families who meet the conditions for applying for loans.
In view of the problem that the loanable amount is increased from 20 times to 30 times of the balance of the provident fund account, does it mean that if the balance of the provident fund account is 30,000 yuan, you can apply for a loan of 30 times to 900,000 yuan? Weihai Housing Provident Fund Management Center explained that the loan amount cannot exceed the maximum loan limit of 800,000 yuan for dual employees and 500,000 yuan for single employees. The balance of the provident fund account is 30 times, which is one of the conditions for determining the loanable amount. At the same time, other requirements must be met, such as the down payment ratio, the appraised value of second-hand houses, and the monthly repayment amount not exceeding 70% of the average deposit base of the provident fund in the past 12 months.