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Good morning n,

Hope you understand that only owner can take up loan if you intend to buy a resale HDB under non citizen spouse scheme. As you dont have income at the moment, you might want to use pledging (place certain amount of funds in bank for 4 years) or unpledging (show them more funds) with bank in order to get a loan.

If you are first timer, you will be eligible to housing grants if eligibility conditions are met.

By the way, have both of you consider about private housing segment? Both of you are eligible to take up a bank loan based on hubby's income and no additional buyer's stamp duty will be payable as this is your matrimonial home.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Hi,

1) Only the owner's active income will be considered in a home loan.
2) Since your spouse is a foreigner, his/her income cannot be used to apply for a home loan because he/she cannot be an owner of an HDB flat.
3) You are entitled to an HDB loan since you're an SC, but HDB will not be able to release any loan since you are unemployed.
4) Under your situation since you & your spouse have collaterals to pledge, may be it is more feasible for you to consider an EC exceed 10yrs which is eligible for a foreigner to own.

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,

Yes, it is possible for you to secure a loan, if you can pledge a collateral with the Bank. You will however not be eligible for CPF Housing Grant, as your monthly household income has exceeded the ceiling of $14k for HDB resale flats. The only Grant you could get is Proximity Housing Grant if you purchase a flat that is within 4km to your parents' place of residence.

In my opinion, if you have the collateral to pledge with the Bank, wouldn't it make sense that you go for a private purchase instead? With your spouse income, you will be able to comfortably afford to purchase a condo. Do take note that as you're a Singapore Citizen, you are not liable for ABSD if you purchase the property as your first matrimonial home.

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