Standards when taking an additional HDB housing mortgage

If you need funding buying and take more ownership from a condo, you can submit an application for a casing financing off HDB or that about creditors. Comprehend the search terms and you will considerations to your some other financing possibilities before carefully deciding.

Eligibility requirements

You may also finish the survey having a short assessment out of the qualification towards the acquisition of an alternate or resale flat, housing offer(s), and you may pay day loans Horn Hill Alabama an enthusiastic HDB houses loan.

• Have not in the past taken several casing finance from HDB
• Took step 1 houses financing out-of HDB in addition to history owned property is maybe not a neighborhood or to another country personal belongings (consider information on personal assets ownership)

• Elderly people aged 55 and you can above: you aren’t obtaining a preliminary-lease dos-room Flexi flat or People Care and attention Flat
• Singles: you are no less than thirty-five yrs . old and buying certainly one of the following:
• 2-area Flexi apartment towards 99 12 months-lease out-of HDB inside non-mature estates; otherwise
• 5-place or reduced selling apartment

# An important occupier is actually a member of family who’s enabled this new applicant(s) in order to be considered purchasing a condo. They do not have possession of one’s flat and should will still be throughout the apartment software, together with inside minimum job months (MOP) following the flat pick.

• $14,100 to possess family members
• $21,000 for longer families (consider new guide for lots more facts)
• $7,one hundred thousand to own men and women to find according to the Solitary Singapore Resident (SSC) Strategy

^ Personal features are however they are not restricted to households, buildings, belongings, Administrator Condo (EC) equipment and you may privatised HUDC flats. […]