What is the minimum down payment?

What is the minimum down payment? The minimum down payment for the first home provident fund loan is 20%, and the minimum down payment for the second home provident fund loan is 30%. If the general purchase area is less than 90 square meters, the down payment ratio can be as low as 20%. If the housing area is more than 90 square meters, then the down payment ratio of provident fund loans is generally at least 30%. Buy a second suite with a provident fund loan, and the minimum down payment ratio is 30%.

The minimum down payment ratio for the first suite of commercial loans is 20%, and the minimum down payment ratio for the second suite is 30%. In cities that do not implement the "purchase restriction" measures, households purchase ordinary housing for the first time and apply for commercial personal housing loans. In principle, the minimum down payment ratio is 25%, which can be lowered by 5 percentage points in various places. For households that own 1 apartment and the corresponding housing loans are not settled, in order to improve their living conditions, they should apply for commercial personal housing loans to buy ordinary housing again, and the minimum down payment ratio should be adjusted to not less than 30%. The down payment ratio in the restricted purchase area will increase. In general, the minimum down payment ratio of the first suite is 30%, and the minimum down payment ratio of the second suite is 40%.

Can I choose my own mortgage down payment ratio? Regarding the down payment ratio of mortgage, on the basis of not less than the minimum ratio, customers can actually choose independently. Under normal circumstances, the down payment ratio of mortgage loans shall not be less than 30%. So on the basis of 30%, customers can choose according to their own economic situation, repayment ability and actual loan demand.

Customers can only pay 30%; If you have certain assets, financial resources and high economic income, you can also pay more, 40% to 50%. Paying more down payment can also reduce the loan amount accordingly, which is actually helpful for loan approval.

Be careful not to fall below the minimum ratio, otherwise you can't apply for a mortgage. In fact, the specific proportion provisions of different regions and different banks may be different. It is suggested to call the handling branch. For example, in Shanghai, the minimum loan ratio for the first suite is 35%.

We also need to note that the down payment ratio of the second home loan is usually higher than that of the first home loan. The minimum requirement in the State Council is not less than 40%, while some banks will reach 50% to 60% or even 70%.