KOR전체메뉴보기

Full menu

창닫기
  • 100%
프린터

News Releases

HF Cuts Its Guarantee for Collective Mortgage Loans

  • Date 2017-12-29
  • Views 1,696

HF Cuts Its Guarantee for Collective Mortgage Loans


- HF guarantee rate lowered from the current 90% to 80%


From next year, HF's guarantee rate for collective mortgage loans will go down from the current 90% to 80%.


Korea Housing Finance Corporation (HF) revealed on the 29th that the rate of its guarantee for collective mortgage loans taken out to make interim payments for new homes will be lowered from 90% to 80%. This change applies to apartment housing development projects whose official invitation of potential subscribers* is issued on and after January 1, 2018. 
  *This refers to the date of invitation notice made to daily newspapers for housing development projects with the general subscription method, or the date of ground-breaking report, which can be verified by a sealed ground-breaking report, for residential redevelopment, reconstruction, and cooperative projects.    


This rate change came after the government's October 24 Comprehensive Measures to address rising household debt and is expected to help manage risks associated with collective mortgage loans and improve the credit review process.