What are the rules for bank statements for house purchases?
In the process of purchasing a house, bank statement is one of the important materials for loan approval. It directly reflects the income level and repayment ability of home buyers, so banks have very strict requirements on turnover. The following is a detailed interpretation of bank flow requirements for house purchases to help you better prepare materials.
1. Basic requirements for bank flow
Bank statements usually need to meet the following basic conditions:
| request | Description |
|---|---|
| Running time | Generally the last 6 months, some banks require 12 months |
| Turnover amount | Monthly income must cover more than 2 times of monthly payment |
| Pipeline type | Salary flow rate is the best, other income needs to provide supporting evidence |
| flow continuity | There must be no interruptions and a stable source of income must be shown |
2. Common problems and solutions for bank statements
In actual operation, home buyers may encounter the following problems:
| question | solution |
|---|---|
| Insufficient running water | Provide other proof of income (such as rent, investment income, etc.) |
| Running water stall | Explain the reasons and provide supplementary materials (such as proof of change in labor contract) |
| cash receipts | Provide income certificate or tax records stamped by the company |
| self-employed | Provide business license, financial statements and other materials |
3. Comparison of flow requirements of different banks
Each bank has slightly different requirements for transaction flow. The following are the regulations of some mainstream banks:
| bank | Running time requirements | revenue coverage multiple | Other requirements |
|---|---|---|---|
| ICBC | 6 months | 2 times | Accept part of financial income |
| China Construction Bank | 12 months | 2.5 times | It is required that salary turnover accounts for more than 70% |
| Bank of China | 6 months | 2 times | Proof of rental income accepted |
| China Merchants Bank | 6 months | 2 times | Stricter review of self-employed persons |
4. How to optimize bank flow
If your flow is insufficient, you can optimize it in the following ways:
1.Plan ahead: Start standardizing transaction records 6-12 months before buying a house to avoid large unknown transfers.
2.diversify income: If your salary flow is insufficient, you can increase your income sources through part-time jobs, investments, etc.
3.stay stable: Avoid frequently changing bank cards or workplaces to maintain continuity of income.
4.Supplementary material: Prepare sufficient auxiliary supporting materials, such as social security payment records, provident fund payment certificates, etc.
5. Handling special situations
For some special circumstances, banks may have special handling methods:
| special circumstances | Handling suggestions |
|---|---|
| freelancer | Provide tax payment certificate and business contract |
| Just started working | Provide employment contract and company certificate |
| overseas income | Provide proof of foreign exchange income and tax records |
| co-loan | Combined calculation of turnover of both parties |
6. Summary
Bank statement is an important step in the approval of home purchase loans. Home buyers should understand the specific requirements of the bank in advance and be fully prepared. If there are deficiencies in the flow of water, there are many ways to optimize or supplement the supporting materials. It is recommended to consult a professional loan consultant before purchasing a house to develop a personalized flow optimization plan.
Final reminder,Never forge bank statements, once discovered, it will affect personal credit, and may even bear legal liability.
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