If you need capital to get or take over the ownership out of an apartment, you may submit an application for a homes loan regarding HDB or even the financial institutions (FI). Understand the terms and you may considerations for the other loan selection before deciding.

Submit an application for a keen HDB Apartment Eligibility (HFE) letter via the HDB Flat Webpage getting an alternative knowledge of the homes and you can funding selection before you can embark on your property purchasing travels. It does let you know upfront of eligibility to purchase a the new otherwise resale flat, additionally the level of houses gives and you will HDB construction loan you’re qualified to receive.

Qualifications requirements

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* The new LTV maximum is the restriction number of homes mortgage a flat applicant usually takes up, expressed because the a share of one’s lower of the flat speed and value of one’s flat.

Applicants who possess reserved a different sort of apartment otherwise submitted a selling application will be provided that have a custom financial bundle, that will range from the relevant LTV limit during the part out of apartment application (if they’re getting an enthusiastic HDB construction mortgage), additionally the repayments requisite at the some goals of the apartment get. (more…)