3 Answers

Hi,

1) Yes, you are still allowed to get a mortgage loan from a FI with the existing HFE.
2) The HFE is serving a few purposes; eligibility, loan & grants availability.
3) In fact, the HDB would be glad not to release any housing for a purchase.
4) Re-assessment on the HDB loan would have to take a longer time. This is because the HDB is assessing the loan based on a 12-month basis.
5) Therefore if your fiance's first-month income is $7k (for example), it would have to divide by 12 to get the average monthly income and not just the absolute number.
6) The HDB is using this monthly income to determine whether you exceed the housing income ceiling. For example, if you and your fiance's monthly income exceeds $14k based on this monthly income, you shall not be eligible for the HDB loan.
7) You may double-check with the HDB over this matter if you are still in doubt.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers your main concerns, but if there are more queries, 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
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Tan Pei Cheng (Pei)
I would be glad to assist you.
Feel free to contact me at wa.me/6597100155 .
Hope to hear from you soon.
Pei
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Email: peicheng.tan@propnex.com
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Propnex Realty Pte Ltd

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You may want to consult with HDB to determine the most suitable approach based on your specific circumstances and goals.

To contact HDB (Housing Development Board) in Singapore, you can reach them through the following channels:

HDB Hotline: You can call the HDB Hotline at 1800-225-5432 for general enquiries and assistance. This hotline operates from Monday to Friday, 8:00 AM to 5:00 PM, and Saturday, 8:00 AM to 1:00 PM.

Online Enquiry Form: Visit the official HDB website and fill out the online enquiry form to submit your queries or feedback. You can expect a response via email.

Visit HDB Branch Offices: If you prefer face-to-face assistance, you can visit one of the HDB branch offices located across Singapore. Check the official HDB website for the nearest branch office and its operating hours.

HDB e-Services: Explore the various e-Services available on the HDB website, such as applying for flat, managing your flat, financial services, and more.

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