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Good Evening,

Financial Institutions/Banks which provide Mortgage Services here are all regulated by the Monetary Authority of Singapore (MAS), as such - guidelines and requirements are pretty standard across the board to be compliant with the regulations.

Eligibility for Housing Loans in Singapore are derived from the Total Debt Servicing Ratio (TDSR), which takes into account one's Monthly Debt obligations and Gross Monthly income.

You may find the below link useful to have a quick understanding on it:

https://www.mas.gov.sg/regulation/explainers/tdsr-for-property-loans

Another pointer that you might find useful is should you or your partner own Stocks - you can potentially use them as collateral too (dependent on the Bank's Assessment) - with such process termed as "Pledging" - to Maximise your Property Loan should there be a shortfall to what you're aiming for.

Nevertheless, I would personally suggest understanding what kind of Property Type are you and your husband aspiring for HDB/Private as priority - and with the Core Asset Type & Direction in place - you can plan better on the Eligibility in terms of Ownership and Financing.

Feel free to reach out to me to better understand on your situation (9277.4912), and I can assist you better from there.

Cheers Read More

Hi, appreciate your sharing. Able to get my mortgage agents or bankers to assist you. Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

I would be glad to assist you.
Feel free to contact me at wa.me/6597100155
Hope to hear from you soon.
Pei Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd Read More

Are you based in SG or US? What about your husband's income? Is it locally or aborad? The main consideration for any home loan is that the income must be recognised by the bank and MAS to qualify for loan. You do not need to be a borrower here since you do not have an income but still can be a co-owner of the property purchased.

This is what is happening for me where my wife is a home maker, our home are jointly owned but only I took up the borrowing. Read More

Good day to you.

Given that your husband holds American citizenship, you find yourselves in a favorable and distinct position compared to other mixed-nationality couples because of the US-Singapore Free Trade Agreement (FTA).

When it comes to buying a private condo, your spouse can be a co-owner, making it relatively easy to obtain a bank loan from any local bank using his foreign income. Additionally, as mentioned, he benefits from an exemption of 60% from the Additional Buyer's Stamp Duty (ABSD).

Navigating a property transaction can feel overwhelming, especially when tied to major life events. As a property consultant with 15 years of experience, I am here to provide not just market knowledge, but also peace of mind.
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Mike Lim
Mobile: 96929209 
email: m52i@yahoo.com
R026708F
ERA

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Yes indeed, if you're looking to buy a home, I can connect you to a banker who is experienced in dealing with couples such as yourselves.

My wife and I returned from the US too, and we went through a similar experience when buying a home in Singapore. Happy to guide you through the necessary.

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More

Hi Do contact me at 97970200  to understand more and discuss.

Mark, your RIGHT choice
Propnex Read More

(✔1)
Where are you currently based – **Singapore or the US**?

(✔2)
Is your husband earning **locally or abroad**? Only recognised income counts for bank and MAS home loan approval.

(✔3)
You don’t need your own income to participate; you can still **co-own the property** without being a borrower.

✔Not all ownership requires income, but all loans require recognition. Anonymous✔
WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.

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QUOTE OF THE DAY " In negotiations, the most important thing is not to win or lose, but to find a solution that is mutually beneficial." Read More

Hi,

1) I can't guess what is your main concern from this question.
2) I will try to cover both buying of private residential property & HDB flat.

(a) Buying HDB flat:
(i) A foreigner is not eligible to be an owner, thus, income from a foreigner cannot be used to apply for loan.
(ii) However, the HDB determine family income to draw line on eligibility. With a US$120k/annual exceed the income ceiling for grants, HDB loan & BTO/SBF.

(b) Buying private residential property (Exclude resale EC):
(i) Overseas income will suffer from a 30% haircut when come to applying home loan, i.e. lower loan amount under the TDSR.
(ii) All banks should accept combine income. The home loan only tabulate based on your active income and debt situation, and not on the residential status.
This means that you can be the owner even though without any income.
(iii) The ownership has nothing to do with financially contribution to the purchase.

(c) Resale EC:
(i) Everything remain the same except that you can only choose those ECs are 10 years after MOP, so as your hubby can be the owner and get a home loan using his income.

3) You may approach any of the 3 local banks: OCBC, UOB & DBS for better advice.

All The Best!!!

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

Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly. Read More

Yes, it’s possible, but it depends on what type of property you are buying.

For private properties, most banks are open to using combined income for mixed nationality couples. They will take your husband’s income into account even if you are not working. Some banks may apply an income haircut if his salary is earned overseas, but they still count it.

For HDB loans, it’s different. HDB usually only considers the Singaporean spouse’s income. So for an HDB flat, your husband’s foreign income normally cannot be used to increase your loan eligibility.

If your goal is to maximise your loan, then a private property with a joint bank loan will give you the most flexibility. You can start with DBS, OCBC or UOB, then compare against a few banks that handle expat profiles more often.

If you want, I can run a quick calculation and check which banks are most favourable for your situation.
Aren Goh
 9657 6701  Read More

Hi, appreciate your sharing. We have to check whether have your hubby be working in local firms and declaring income tax.

Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers Stewart-PropNex
(Senior Associate Division Director) Read More

Hi Do contact me at 97970200  to understand more and discuss.

Mark, your RIGHT choice
Propnex Read More