HLE enquiry

[GeraldineT]

I understand to qualify for HDB loan the income ceiling is 12k. If my fiancee is leaving her job overseas to join me in Singapore, and we purchase resale HDB when she is in Singapore and unemployed, will her previous salary overseas be taken into consideration when calculating the ceiling for HDB loan? Thanks.

1 year of income

 

[redyme]

Hello all,

Just want to check something on HLE. At which stage do we need to submit the final copy of the HLE letter to HDB to seek the maximum loan?

I plan to apply for this Nov launch and I just got my 1st HLE approval loan amount but its way lower than what i am looking for but i understand because i was unemployed for a month during the time of application.

However, I am starting a new job this coming monday and I was thinking when is the best time to apply for a 2nd HLE application to get higher loan amount from hdb?

Thanks for everyone advice

 

[GeraldineT]

Hello all,

Just want to check something on HLE. At which stage do we need to submit the final copy of the HLE letter to HDB to seek the maximum loan?

I plan to apply for this Nov launch and I just got my 1st HLE approval loan amount but its way lower than what i am looking for but i understand because i was unemployed for a month during the time of application.

However, I am starting a new job this coming monday and I was thinking when is the best time to apply for a 2nd HLE application to get higher loan amount from hdb?

Thanks for everyone advice

Before u get keys u have to reapply HLE again.

 

[redyme]

Before u get keys u have to reapply HLE again.

Thanks for the advice!

 

[BlackCube]

Before u get keys u have to reapply HLE again.

Eh. During the first flat selection, couple of months after the bto application. You need to show the first hle right? If that hle loan isn't sufficient to get the flat u want, still can choose the flat?

Cause 2nd hle would be key collection time which is couple of years later. By then the loan should he higher than now.

Posted from PCWX using Pixel 3

 

[eng61043]

Eh. During the first flat selection, couple of months after the bto application. You need to show the first hle right? If that hle loan isn't sufficient to get the flat u want, still can choose the flat?

Cause 2nd hle would be key collection time which is couple of years later. By then the loan should he higher than now.

Posted from PCWX using Pixel 3

Yes, HDB officer will show in their calculation sheet balance needs to be pay in Cash after all CPF depleted.

Still can proceed for flat booking.

 

[slogd3ad]

Eh. During the first flat selection, couple of months after the bto application. You need to show the first hle right? If that hle loan isn't sufficient to get the flat u want, still can choose the flat?

Cause 2nd hle would be key collection time which is couple of years later. By then the loan should he higher than now.

Posted from PCWX using Pixel 3

When purchase the flat..
They minus off the Grant, CPF first. (Now if CPF got more than $20k, can choose to wipe all cpf or not but a certain amount.. havent read up yet)
After that they minus your HLE.
If got still balance left to pay.
Top-up with cash.

 

[iphoneapple888]

is it compulsory to apply for HLE before applying BTO?
if not cant get HDB loan?

 

[BlackCube]

Yes, HDB officer will show in their calculation sheet balance needs to be pay in Cash after all CPF depleted.

Still can proceed for flat booking.

When purchase the flat..
They minus off the Grant, CPF first. (Now if CPF got more than $20k, can choose to wipe all cpf or not but a certain amount.. havent read up yet)
After that they minus your HLE.
If got still balance left to pay.
Top-up with cash.

Ok so means the first hle not that important right. Since won't be paying for the flat. The first hle is more like an estimation of how much u can loan and what flat u can afford.

When booking the flat, you only need to pay for the down payment right?. So as long as my cpf can cover the down payment. Then whatever balance in cpf will only be used to pay when collecting the key? Together with the 2nd hle loan.

Hence cpf leftover + hdb loan + cash (if required) when collecting keys which is for bto is the completion date ( couple of years later)

Am I right on the above?

Posted from PCWX using Nexus 5

 

[slogd3ad]

is it compulsory to apply for HLE before applying BTO?
if not cant get HDB loan?

People usually apply HLE right before BTO so that they can know how much amount of loan can get and after that they can decide which house price range they can afford.

But nevertheless, can apply still after BTO launch. The HLE process is really simple and fast (a couple of days or 1 week)

Best not to delay right until your turn to called up for choosing your unit. Later you purchase an expensive unit and only receive low amount of loan.. who can you blame?

 

[iphoneapple888]

great! thanks for the info

 

[sprinklesly]

Any idea if I gotten a HLE previously, will getting a car loan affect the HLE in anyway prior to the final transaction?

Hello! Anyone can advise on this? Wondering will it affect HLE during the 2nd appointment because just got a car loan.

 

[starscreamm]

i didnt know i need the hle letter to book a flat! i have an appointment tmr and im panicking! is there any way that we can book a flat?

 

[Storm7979]

Hi, above 65 but still working can apply HLE?

 

[BlackCube]

i didnt know i need the hle letter to book a flat! i have an appointment tmr and im panicking! is there any way that we can book a flat?

any update on your case?

 

[Duncallmebro]

Noob question, does the amount of OA affect the HLE?

Say 150K OA now, but might use part of it e.g. 50K for investments or shift to SA

Will HLE change due to the removal of funds from OA?

 

[laccas]

No, CPF amount nothing to do with HLE. HLE is about est max loan you can borrow from HDB based on your income

Noob question, does the amount of OA affect the HLE?

Say 150K OA now, but might use part of it e.g. 50K for investments or shift to SA

Will HLE change due to the removal of funds from OA?

 

[hlw8888]

since next month got BTO exercise, so now can actually apply HLE loh? right?

Sent from Xiaomi REDMI NOTE 4 using GAGT

 

[finicky]

since next month got BTO exercise, so now can actually apply HLE loh? right?

Sent from Xiaomi REDMI NOTE 4 using GAGT

yes u can but HLE will expire after 6 months

 

[harharhar]

Anyone has experience with this Deferment? There's no information on how to apply or any procedures... Only the eligibility conditions. So if anyone has experience with this, please kindly share the procedure to get this deferment. Really appreciate it!


https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/finance/deferred-income-assessment

From May 2018 sales exercise onwards, young couples may apply for a flat first, and defer the income assessment for the Additional CPF Housing Grant, Special CPF Housing Grant, and HDB housing loan. Couples who fulfil the eligibility conditions may have their income assessed nearer to their key collection appointment.