Asked by Anonymous
What are the eligibility requirements for a home loan?
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4 Answers
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. By the way, could I refer a mortgage broker to you?
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
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. By the way, could I refer a mortgage broker to you?
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
Hello,
What are the eligibility requirements for a home loan?
How much money do you need in your CPF to buy a house?
What are the new loan rules in Singapore?
How to get a loan for a house in Singapore?
What is the maximum age for housing loans in Singapore?
Here are the general eligibility requirements for a home loan in Singapore:
• Age: The borrower must be at least 21 years old at the time of application, and no older than 65 years old at the end of the loan tenure.
• Citizenship/Residency Status: Singapore Citizens, Singapore Permanent Residents (PRs), and foreigners with valid employment passes are eligible for home loans.
• Income: The borrower must meet the minimum income requirement set by the bank or financial institution. The income requirement varies depending on the bank and the type of loan.
• Credit Score: The borrower's credit history and credit score will be assessed by the bank or financial institution to determine their creditworthiness.
• Loan-to-Value (LTV) Ratio: The maximum LTV ratio is 75% for first-time homebuyers, and 45% for second-time homebuyers. This means that borrowers must have a minimum down payment of 25% of the property value.
• Total Debt Servicing Ratio (TDSR): The borrower's TDSR must be below 60% to qualify for a home loan. TDSR is the percentage of the borrower's gross monthly income that is used to service all of their debts, including the proposed home loan.
• Property Type: The property must be a private residential property, including condominiums, apartments, and landed properties. HDB flats have different eligibility requirements.
It's important to note that the eligibility requirements may differ depending on the specific bank or financial institution, and the type of home loan being applied for. It's always best to consult with a mortgage specialist or home loan expert for more detailed and up-to-date information.
==============================
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Auction and Private Treaty, Fire Sale - LIST
Indicative Home Valuation - REPORT
Latest Property News, Trends, Market Outlook - REPORT
Financing and Marketing Analysis Reports - PROPOSAL
Legal and Tax Planning - RESOURCES
Compare Freehold Vs Leasehold properties - CHART
Compare New launch Vs Resale properties - CHART
Loan, Tax, CPF, Property financing - CALCULATORS
Rental yield, capital gain, EnBloc potential - CALCULATORS
For the buyer, get value buy property - LIST
For the seller Read More
What are the eligibility requirements for a home loan?
How much money do you need in your CPF to buy a house?
What are the new loan rules in Singapore?
How to get a loan for a house in Singapore?
What is the maximum age for housing loans in Singapore?
Here are the general eligibility requirements for a home loan in Singapore:
• Age: The borrower must be at least 21 years old at the time of application, and no older than 65 years old at the end of the loan tenure.
• Citizenship/Residency Status: Singapore Citizens, Singapore Permanent Residents (PRs), and foreigners with valid employment passes are eligible for home loans.
• Income: The borrower must meet the minimum income requirement set by the bank or financial institution. The income requirement varies depending on the bank and the type of loan.
• Credit Score: The borrower's credit history and credit score will be assessed by the bank or financial institution to determine their creditworthiness.
• Loan-to-Value (LTV) Ratio: The maximum LTV ratio is 75% for first-time homebuyers, and 45% for second-time homebuyers. This means that borrowers must have a minimum down payment of 25% of the property value.
• Total Debt Servicing Ratio (TDSR): The borrower's TDSR must be below 60% to qualify for a home loan. TDSR is the percentage of the borrower's gross monthly income that is used to service all of their debts, including the proposed home loan.
• Property Type: The property must be a private residential property, including condominiums, apartments, and landed properties. HDB flats have different eligibility requirements.
It's important to note that the eligibility requirements may differ depending on the specific bank or financial institution, and the type of home loan being applied for. It's always best to consult with a mortgage specialist or home loan expert for more detailed and up-to-date information.
==============================
Copy, and paste this link into your browser
https://wa.me/c/6583004411
https://www.youtube.com/@AskRealtorMani/videos
Check the above links, not only you will get the answer,
but also other relevant questions that people already asked.
==================================================
People also asked similar questions, to get detailed and specific answers via live chat now
#AskRealtorMani @AskRealtorMani +65 8300 4411
WhatsApp:
https://wa.me/6583004411
Check my profile https://linktr.ee/AskRealtorMani (New)
(Get the updated list of lowest-priced properties)
Watch more than 500+ Videos, Practical Property Tips
https://www.youtube.com/AskRealtorMani?sub_confirmation=1
Read more practical property tips
https://askrealtor.sg/blog/
How much is my home worth?
https://www.srx.com.sg/mysg-home?inviteId=852922
Watch my latest videos, Get more practical property tips, and Join me on TikTok Now https://now.tiktok.com/@askrealtormani/invite?_t=8XjJ2yJiKtF
Read more latest property tips at my blog site https://askrealtormani.blogspot.com/
Quora https://www.quora.com/profile/Mani-Subramanian-Veeramani-1
Latest infographics on Pinterest https://www.pinterest.com/AskRealtorMani/
Check my profile https://linktr.ee/AskRealtorMani (New)
Get 1000+ Practical tips for property buying, selling, and investing
>>> https://wa.me/c/6583004411
Get all these at no cost to you and more...
Below Market Value Properties Deals - ALERT
Auction and Private Treaty, Fire Sale - LIST
Indicative Home Valuation - REPORT
Latest Property News, Trends, Market Outlook - REPORT
Financing and Marketing Analysis Reports - PROPOSAL
Legal and Tax Planning - RESOURCES
Compare Freehold Vs Leasehold properties - CHART
Compare New launch Vs Resale properties - CHART
Loan, Tax, CPF, Property financing - CALCULATORS
Rental yield, capital gain, EnBloc potential - CALCULATORS
For the buyer, get value buy property - LIST
For the seller Read More
1
WhatsApp me at: ABLE Toh (65) 9856-9255
or through this link.:https://wa.me/6598569255
----------------------------888--------------------------------888--------------------------->>>
(1) "If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )
(2) (***) ✅✅ You can READ my REVIEWS here:
✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)
*** You can reach me at my Singapore mobile: (65) 9856 9255 or email me at Able.selling@gmail.com.
From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
=========
(4A)✅✅ For the Below Condominium that may Achieve TOP ( Temporary Occupation Permit / Relatively New Condominium which may faced Difficulties/ Challenges to rent / sell at your Expected Pricing as facing too many neighbour’s units competing to Sell / Rent Out ,...
(4B)✅ ✅ ✅ I am okays NOT TO be the Sole Exclusive Agent , but the “ Open Listing “, additional pair of hands to help you bring the matching buyer / tenant . “ May the Hardworking + Lucky agent close the Deal !!, ( Whether it’s me or another agent ,✅✅✅ I will still be HAPPY FOR THE OWNER !! ✅✅My advantage is : I myself , have a Small Team of Agents who will work together with me to cast a wider Marketing Nets to Reach Your Goal !!!
Below is a list for reference >> see if YOUR CONDOMINIUM IS BEING MENTIONED:
(4C)✅ ✅ ✅
(1) Affinity At Serangoon, (2) Canninghill Square, (3) Dairy Farm Residences
(4) Forett at Bukit Timah, (5) KI Residences At Brookvale, (6) Kent Ridge Hill Residences
(7) Leedon Green, (8) Lavender Residence, (9) Meyer Mansion
(10) MeyerHouse, (11) Midwood, (12) M Suites
(13) NoMa, (14) One-North Eden, (15) One Pearl Bank
(16) Phoenix Residences, (17) Riviere, (18) Riverfront Residences
(19) Tedge, (20) The Atelier, (21) The Iveria
(22) Verticus, (23) Zyanya, (24) Mayfair Gardens
(5A) ✅ ✅ >> FOR NEW CONDOMINIUM IN
✅ ✅ YEAR 2025 / APARTMENT PROJECTS In Singapore
(5B) ✅ ✅ the LIST :
(1) Arina East Residences, (2) Aurea, (3) Aurelle of Tampines (EC)
(4) Bagnall Haus (former Bagnall Court), (5) Bukit Timah and Duke's Road, (6) ELTA
(7) Former Anson Centre, (8) Former Robertson Walk, (9) Keppel Bay Plot 6
(10) Lentor Central Residences, (11) Marina Gardens Lane, (12) Media Circle GLS
(13) Newport Residences, (14) Orchard Boulevard GLS, (15) Parktown Residence
(16) Plantation Close (EC) (2), (17) The Orie, (18) W Residences Singapore- Marina View
***(5C) ✅ ✅ ✅ DEVELOPER SALES TEAM!!! BEST PRICES !!! ✅ ✅ NO AGENT FEES !! ✅ ✅ LOWEST PRICE GUARANTEED!!!
*** Connect Singapore Line: (65) 9856*9255
FOR : UPDATED INFO / E- BROCHURE / FLOOR PLAN / PRICE LIST!!!
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
----------------------------888--------------------------------888--------------------------->>>
(1) "If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )
(2) (***) ✅✅ You can READ my REVIEWS here:
✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)
*** You can reach me at my Singapore mobile: (65) 9856 9255 or email me at Able.selling@gmail.com.
From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
=========
(4A)✅✅ For the Below Condominium that may Achieve TOP ( Temporary Occupation Permit / Relatively New Condominium which may faced Difficulties/ Challenges to rent / sell at your Expected Pricing as facing too many neighbour’s units competing to Sell / Rent Out ,...
(4B)✅ ✅ ✅ I am okays NOT TO be the Sole Exclusive Agent , but the “ Open Listing “, additional pair of hands to help you bring the matching buyer / tenant . “ May the Hardworking + Lucky agent close the Deal !!, ( Whether it’s me or another agent ,✅✅✅ I will still be HAPPY FOR THE OWNER !! ✅✅My advantage is : I myself , have a Small Team of Agents who will work together with me to cast a wider Marketing Nets to Reach Your Goal !!!
Below is a list for reference >> see if YOUR CONDOMINIUM IS BEING MENTIONED:
(4C)✅ ✅ ✅
(1) Affinity At Serangoon, (2) Canninghill Square, (3) Dairy Farm Residences
(4) Forett at Bukit Timah, (5) KI Residences At Brookvale, (6) Kent Ridge Hill Residences
(7) Leedon Green, (8) Lavender Residence, (9) Meyer Mansion
(10) MeyerHouse, (11) Midwood, (12) M Suites
(13) NoMa, (14) One-North Eden, (15) One Pearl Bank
(16) Phoenix Residences, (17) Riviere, (18) Riverfront Residences
(19) Tedge, (20) The Atelier, (21) The Iveria
(22) Verticus, (23) Zyanya, (24) Mayfair Gardens
(5A) ✅ ✅ >> FOR NEW CONDOMINIUM IN
✅ ✅ YEAR 2025 / APARTMENT PROJECTS In Singapore
(5B) ✅ ✅ the LIST :
(1) Arina East Residences, (2) Aurea, (3) Aurelle of Tampines (EC)
(4) Bagnall Haus (former Bagnall Court), (5) Bukit Timah and Duke's Road, (6) ELTA
(7) Former Anson Centre, (8) Former Robertson Walk, (9) Keppel Bay Plot 6
(10) Lentor Central Residences, (11) Marina Gardens Lane, (12) Media Circle GLS
(13) Newport Residences, (14) Orchard Boulevard GLS, (15) Parktown Residence
(16) Plantation Close (EC) (2), (17) The Orie, (18) W Residences Singapore- Marina View
***(5C) ✅ ✅ ✅ DEVELOPER SALES TEAM!!! BEST PRICES !!! ✅ ✅ NO AGENT FEES !! ✅ ✅ LOWEST PRICE GUARANTEED!!!
*** Connect Singapore Line: (65) 9856*9255
FOR : UPDATED INFO / E- BROCHURE / FLOOR PLAN / PRICE LIST!!!
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