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Hi Gurus, i'm currently one of the joint owners of a resale HDB flat together with my Dad (under Bank loan) As i am turning 35 soon i intend to get my own place under the single HDB scheme, would i still be able to qualify for a HDB loan? thanks!
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1 Answer

Mike Lim
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Afternoon David,

As your current unit is on bank loan, you are eligible for your first HDB loan if your income do not exceed $5k. However, if you were to withdraw your name from the current unit, your dad is required to return whatever CPF and interest which you have contributed and possibly, get a mortgage loan, if your unit is still on mortgage.

FYI
Mike Lim
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