Zheng Quan Shi Bao Wang·2025-08-13 05:23Core Viewpoint - Tianjin has introduced a new policy allowing eligible contributors to withdraw housing provident fund to pay the down payment for purchasing existing homes, streamlining the process and reducing transaction costs [1][2] Group 1: Policy Details - The new policy allows contributors and their spouses to apply for a one-time withdrawal of their housing provident fund to pay the down payment for existing homes purchased through housing provident fund (combined) loans or mortgage loans [1] - Eligible applicants must purchase existing homes within Tianjin and use a designated bank for fund custody services [1] - The process requires signing a fund custody agreement with the bank and submitting necessary documents, including identification and marriage certificates if applicable [1] Group 2: Benefits and Process - The policy eliminates the need for reimbursement, allowing direct use of the housing provident fund, which helps fill funding gaps and lowers transaction costs [2] - The "one-stop" service allows applicants to handle both the fund withdrawal and custody agreement at the bank, with 50 locations available for convenience [2] - Loan banks are flexible, allowing applicants to choose where to apply for loans without restrictions, and the withdrawal does not affect the normal loan limits [2] Group 3: Cooperation and Compliance - Cooperation has been established with major banks like China Construction Bank and Industrial and Commercial Bank of China, enabling applicants to process their transactions at various bank branches [2] - Applicants must return any withdrawn funds if the housing sale agreement or custody agreement is canceled or deemed invalid, and fraudulent withdrawals will not be processed [2]