According to the relevant provisions of the Measures for the Administration of Personal Housing Loans promulgated by the People's Bank of China, the object of personal housing home purchase secured loans is a natural person with full capacity for civil conduct, and must meet the following conditions:
Have permanent residence in cities and towns or valid residence status.
Have a stable occupation and income, good credit, and the ability to repay the principal and interest of the loan;
There is a purchase contract or agreement;
Open a savings account in a loan bank (or pay the housing provident fund deposit), and the balance of the deposit accounts for not less than 30% of the amount required for buying a house, which will be used as the down payment for buying a house;
The guarantee company agrees to use the assets recognized by the guarantee company as collateral, repay the principal and interest of the loan for the borrower and assume joint liability as a guarantor.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.