What is the typical down payment for a house? What is the down payment for the first home?

What is the typical down payment for a house? This is a difficult problem that every home buyer has encountered. If you buy too much, your current finances may be under pressure, but if you buy too little, you may face pressure to pay loans in the future. It is a very difficult decision. Even some home buyers often listen to the advice of unscrupulous salesmen, which ends up putting themselves under great repayment pressure. So what is generally the down payment for buying a house? The editor is here to tell you.

What is the typical down payment for a house? What is the down payment for the first home?

1. The general down payment ratio for commercial loans for buying a house: The down payment ratio for the first house is 30%, and this ratio is the same for new and second-hand houses. But for a new house, you need to pay 30% of the total price and take out a loan for 70% of the total price. The loan amount for second-hand houses is 30% of the appraisal value. The rest needs to be paid first time.
2. For the general first home purchase, the down payment ratio of the Provident Fund loan is as follows: the down payment ratio of the Provident Fund loan for the first home of 90 square meters (inclusive) or less shall not be less than 20%; the down payment ratio of the Provident Fund loan for a home of more than 90 square meters shall not be less than 30%.
3. The down payment ratio of commercial loans for buying a second house: The down payment for the second house is 60%, and the loan interest rate is 1.1 times the benchmark interest rate. Provident Fund down payment ratio: As long as the first house is a house with an area of ​​more than 120 square meters, no housing provident fund personal housing loan will be issued when purchasing a second house;
The above is the editor’s answer to the question of how much the down payment for buying a house is generally. It also covers a variety of house-buying situations, such as the first house, the second house, provident fund or commercial loan, etc. It can be said that the introduction is very detailed. I believe that after understanding these, you will no longer have to worry about the down payment issue for your own home loan in the future!