Since　the　90＇s　of　last　century,　Chinese　real　estate　business　has　a　vigorous　development　and　has　been　one　of　the　pillar　industries　supporting　Chinese　economy　rapid　growth.　Commercial　banking　loan　becomes　a　main　tool　of　real　estate　finance　which　has　close　relations　to　national　economy　policy　and　industry　policy　on　individual　housing　loan　scale.　Analyzing　from　economics　point　of　view,　domestic　housing　loan　policies　are　adjusted　between　effective　demand　and　speculative　demand　on　housing　from　residents.　To　some　extent,　government　should　handle　policies　of　continuity,　harmony,　validity,　and　should　deal　well　with　the　connections　between　market　mechanism　and　policy　control.　Real　estate　credit　control　is　a　selective　control　tool　which　enables　loan　policy　to　maintain　housing　price　stable,　to　adjust　housing　consumption　structure　and　guide　residents　to　have　rational　demands　on　housing.　Therefore,　the　choice　of　individual　housing　loan　policy　should　be　given　attention　to　value　orientations　of　policy　equity　and　efficiency　according　to　different　periods　and　regions.