While many people know that mortgages are the main source of financing for housing, not all properties can successfully apply for housing loans. Let's take a closer look at which properties are usually not available for housing loans。

Which properties are not eligible for mortgages? These types of properties need attention

The first is rural land and small property units built by farmers themselves. These houses often do not have access to bank loans for housing because of the unclear nature of the land, precarious property rights and lack of sufficient collateral value and market mobility。

Next is a pre-sold or pending building. Pre-sale plots are projects that have not yet been completed or put into use. As the buildings are still in the planning, construction or sales stages, there are risks and uncertainties, and banks will be more cautious about their loans, which may be suspended。

There are also dilapidated, illegal or illegal buildings. Banks do not provide loans if the houses are dilapidated and cannot meet basic security requirements, or if there are problems of illegal renovation and illegal construction。

The fourth category is commercial property, including commercial stores, office buildings, restaurants, etc. These properties are mainly used for business purposes and not for residential purposes. Because of the higher risks and uncertain returns of commercial properties, banks usually do not provide housing loans for such properties。

Finally, there are investment property, such as the purchase of apartments or villas for rental or resale. Banks are more cautious about this investment-oriented property and have stricter auditing standards and offer different loan products and interest rates than ordinary residential loans。

In general, although mortgages are a common form of financing, they do not apply to all types of property. In addition, conditions such as an individual ' s credit record, ability to repay a loan, etc. may also affect the granting of loans. Therefore, before buying a house, the relevant policy is known and a detailed assessment is conducted in consultation with professional financial institutions。