Comprehend the key terms and you can considerations to your additional financing solutions before carefully deciding
If you prefer financial support to purchase and take along the ownership from a condo, you are able to apply for a homes financing away from HDB or perhaps the loan providers (FI).
Get an enthusiastic HDB Apartment Qualifications (HFE) letter via the HDB Flat Site having a holistic comprehension of the housing and you can money alternatives before you continue your property to shop for journey. It does inform you upfront of the qualifications to invest in a great the fresh new otherwise resale flat, and quantity of houses features and you may HDB construction mortgage youre eligible for.
Qualification criteria
All of the members of the loans in New Preston Connecticut latest core family members nucleus on your HFE page app, formed by candidate(s) and occupier(s) just who let the family in order to meet the fresh new qualification criteria for the apartment get, haven’t pulled two or more houses funds regarding HDB.
* Property financing isnt designed for the acquisition out of dos-place Flexi apartments with the quick book otherwise Neighborhood Proper care Leases. You must pay money for the new apartment purchase having fun with cash and you may/ or CPF Ordinary Membership offers.
Interest or ownership during the a house
You are considered to individual otherwise are curious about a great property when you have gotten a house courtesy pick or when its:
- Obtained from the gift;
- Passed down due to the fact a recipient under a will or regarding Intestate Series Work;
- Possessed, acquired, otherwise disposed of owing to nominees; or
- Acquired of the securing believe for another person/ organization.
The latest criteria on possession/ need for private residential and non-house connect with all the local and overseas characteristics that are finished or uncompleted, you need to include but they are not restricted towards the adopting the: