Whether parents’ provident fund children can withdraw and how much they can withdraw

Provident Fund Announcement My housing provident fund contribution period is short and I have less money. My parents’ contributions are long-term and have a lot of money in their account. If I buy a house, can I apply to withdraw their provident fund? For a long time, whether my children can withdraw their parents’ provident fund when buying a house The question is almost one of the most common questions asked about politics on the Internet. Yesterday, the Municipal Housing Provident Fund Management Center revealed two methods to determine whether and how much can be withdrawn.
There are two situations in which children can withdraw their parents’ provident fund when buying a house
According to Article 6 of the "Huizhou City Housing Provident Fund Withdrawal Business Operation Specifications", there are two situations in which children can withdraw their parents' provident fund when buying a house. The first type is minor children. When minor children buy a house, their parents can withdraw housing provident funds. The second type is adult children. If the house is jointly purchased by the adult children and their parents, in professional legal terms, the parents are the co-owners of the house purchased by their children. In this case, the parents can withdraw the down payment of the provident fund. If the adult children and their parents are the joint owners of the house, As a co-borrower, the parents can also withdraw provident funds for loan repayment. It should be noted that if you buy a house jointly with your parents and the parents do not jointly apply for a housing loan, then the parents' provident fund can only be withdrawn for the down payment, and cannot be withdrawn according to the repayment of the principal and interest of the loan. That is, the provident fund cannot be withdrawn to repay the loan every month.
Withdrawal of the provident fund shall be distributed according to the agreed proportion

In addition, if the parents are joint home buyers or joint borrowers of their children, if one of the parents has paid provident fund in another place, the amount of withdrawal of the provident fund shall be distributed according to the agreed ratio. Proportional allocation amount. For example, if one square meter of a square meter house belongs to you and the other square meters belong to your parents, the withdrawal will be based on this proportion. Assume that the down payment of provident fund in the above example is 10,000 yuan, then you can withdraw 10,000 yuan from your parents' provident fund, and you can withdraw 10,000 yuan from your own provident fund. If there is no agreed ratio, the withdrawal amount will be distributed equally by default. If there is no agreed property rights ratio for a house purchased jointly by children and their parents, the purchase amount will be distributed equally among the number of co-owners. For example, if the mortgage loan you and your parents buy together is 10,000 yuan, you and your parents can withdraw Each has a provident fund of 10,000 yuan. This method is also used to allocate the withdrawal amount for loan repayment and provident fund withdrawal (provident fund loans do not involve joint loans between parents and children).
Well, if you are an adult and the house you buy is not jointly owned by your parents, then your parents are not co-owners of the property, so they can neither apply to withdraw the down payment nor the repayment of loan principal and interest.
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