Foreigners who meet the conditions and have complete documents can buy a house with a mortgage in Cixi.
Conditions for mortgage loans:
The borrower must meet the following conditions at the same time:
1. Have a legal identity;
2. Have stable economic income, good credit, and the ability to repay the principal and interest of the loan;
3. Have legal and valid contracts and agreements for purchasing and overhauling housing, as well as other supporting documents required by the lending bank;
4. Have self-raised funds of more than RMB 20 for the entire price of the purchased (overhauled) house, and guarantee that they will be used to pay the down payment of the purchased (overhauled) house;
5. Approved by the lending bank The assets shall be mortgaged or pledged, or/and a legal person, other economic organization or natural person with sufficient repayment capacity shall serve as a guarantor;
6. Other conditions stipulated by the lending bank.