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Hi

Do you want to write to me at silviac@singnet.com.sg
so that i can explain to you what you need to do ...

Please note too that even if you hubby get a PR, he cant buy a HDB till 3 yrs later. And HDB will not provide loan to a foreigner. You might need to get a Bank Loan. of course you can buy the house in full cash with what you have in CPF OA.

You can proceed to buy if you have a job and appeal to HDB for loan. this will take time.

call me so that I can better explain to you in details.

Silvia Chua
ERA Realty Network Pte Ltd
mobile 97508318 
silviac@singnet.com.sg Read More

Hi,

HLE application:
1) You may only apply for HLE after working for 3 months if your basic salary is fixed with a monthly CPF contribution.
2) You may only apply for HLE after working for 6 months if your basic salary is variable with a monthly CPF contribution.
3) You may only apply for HLE after working for 6 months if your active income is variable without CPF contribution.

Eligibility:
1) You may purchase with your hubby now under the Non-citizen spouse scheme. However, because he is still under the foreigner category you won't be able to include his income for HLE. He also cannot be one of the owners.
2) You may purchase with your hubby under the Public scheme after he received his SPR status. You may then combine it with his income to get a higher HLE amount.

Grants:
1) You may apply for grant if you never bought any BTO/SBF before.
2) SC + FR: Single grant = $25k, proximity grant = $10k
3) SC + SPR: Family grant = $40k, proximity grant = $20k

Downpayment for different types of loan:
1) HDB loan: downpayment = 10%, maximum HLE is 90% LTV
2) Bank loan: downpayment = 25%; 5% = cash only, 20% cash +/or CPF, maximum loan = 75% LTV

Note: LTV = Loan-To-Value. Any price offered beyond valuation will be COV (Cash-Over-Valuation)

Monthly mortgage:
1) Assume your hubby's salary is $5k upon received his SPR, his monthly CPF contribution in the 1st yr is only 5% unless volunteer to pay higher.
2nd yr is 15%, only 3rd yr will reach the normal rate of 24% as per all SC.

2) Thus it is obvious that your combined CPF contribution will not be sufficient for the monthly installment.

3) Current minimum listing price for a mansionette flat in Singapore is $620k, assume you are able to get the loan of $558K.

4) Your monthly installment will be ~$2.5k.
Your hubby's CPF contribution is only $250/mth.
I assume you are getting the maximum monthly contribution is $1,260.
The combined CPF monthly is $1,510. You will have to top up $990/mth in cash.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Mdm,

Welcome back to Singapore!

If both of you do not have a Singaporean Child, and you're looking to purchase a HDB resale flat before he gets his SPR, you can only purchase under Non-Citizen Spouse Scheme. This means that your husband cannot be the co-owner of the flat, and his income will not be taken into consideration for loan purposes.

If he manages to get his SPR, you may purchase a resale flat under Public Scheme with him as a co-owner. This way, his income can be used for loan assessment.

If you had not taken any Grants or enjoy any subsidy before, you may be entitled to Grants for your purchase as a first-timer.
You may qualify for the various grants, depending on you eligibility and income levels. Some of these grants include CPF Housing Grant, Enhanced Housing Grant and Proximity Housing Grant. The amount of Grant varies, based on both your Citizenship status, income levels, location of flat purchased etc.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More