Yes, you can reassess your HDB Flat Eligibility (HFE) to potentially get a higher loan amount by including your partner as a co-owner. Here's why:
* **Combined income:** When you reassess the HFE with your partner as a co-owner, their income will be factored into the eligibility calculation. This could significantly increase the maximum loan amount you can qualify for.
**Reassessment process:**
* **Apply for a new HFE:** You'll need to submit a new HFE application together with your partner. This application will consider both your incomes and CPF contributions.
* **Documents required:** The specific documents required may vary, but generally, you'll need proof of income for both yourself and your partner, CPF contribution statements, and documents related to your existing flat application (if any). You can find a detailed list on the HDB website ([https://www.hdb.gov.sg/MyDoc](https://www.hdb.gov.sg/MyDoc)).
* **Eligibility requirements:** Both you and your partner will need to meet the HDB's eligibility requirements for co-ownership. These include citizenship, income ceiling, and existing property ownership restrictions.
**Additional considerations:**
* **Timeframe:** Reassessing the HFE can take some time, so factor this into your flat selection process.
* **Eligibility changes:** There's a possibility that your combined income might affect your eligibility for certain grants or schemes. Check with HDB for the latest guidelines.
* **Financial commitment:** Adding your partner as a co-owner makes them jointly liable for the mortgage loan. Ensure you both have a clear understanding of the financial commitment before proceeding.
Here are some helpful resources:
* **HDB Add Co-Owner:** [https://www.hdb.gov.sg/cs/infoweb/residential/living-in-an-hdb-flat/changing-owners-occupiers/change-in-ownership](https://www.hdb.gov.sg/cs/infoweb/residential/living-in-an-hdb-flat/changing-owners-occupiers/change-in-ownership)
* **HDB Flat Eligibility (HFE):** [https://www.hdb.gov.sg/business/estate-agents-and-salespersons/buying-a-resale-flat/eligibility](https://www.hdb.gov.sg/business/estate-agents-and-salespersons/buying-a-resale-flat/eligibility)
By reassessing your HFE with your partner as a co-owner, you can potentially increase your loan eligibility and have more options during the flat selection process. However, carefully consider the additional steps involved and discuss the financial implications with your partner before making a decision.
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