Zhengzhou Housing Provident Fund Management Center said it will lower the
minimum down payment for housing provident fund loans on existing (resale) homes
within Zhengzhou from 30% to 20% for contributing employees. The notice also
permits intergenerational co-borrowing: when an applicant’s provident-fund
loanable amount is below the family loan ceiling, parents or children who are
regular contributors and meet provident-fund loan criteria may join as
co-borrowers for owner-occupied home purchases in the city.