HLE enquiry

[lance88]

Can ask when i apply consent to buy,i intend to get bank loan.
Then after i buy a flat,i want get hdb loan.
Can i switch apply HLE after i submitted resale application?

You mean when you already completed the purchase and got the key , already on bank loan officially..no you cant change after this to hdb loan. Only hdb loan can change to bank loan.

 

[gonewiththesmart]

You mean when you already completed the purchase and got the key , already on bank loan officially..no you cant change after this to hdb loan. Only hdb loan can change to bank loan.

I mean after i submit resale application,then can I apply HLE then hdb loan?

 

[todomachi]

I mean after i submit resale application,then can I apply HLE then hdb loan?

No, you can't. If you intend to get an HDB housing loan, you will need a valid HDB Loan Eligibility (HLE) letter from HDB before the sellers can grant you an OTP. so when u submit your resale application, you have to state if you are getting HDB loan or bank loan.

 

[hatredhollow]

Hi

I got OTP from the seller in next week

Can i know when HDB will take my cpf OA money for downpayment once i exercise the option on 21th day (assuming)

 

[todomachi]

Hi

I got OTP from the seller in next week

Can i know when HDB will take my cpf OA money for downpayment once i exercise the option on 21th day (assuming)

Mine was taken few days before completion. so safe to have the fund for deduction 2 weeks before completion.

 

[julietta]

Hi

I got OTP from the seller in next week

Can i know when HDB will take my cpf OA money for downpayment once i exercise the option on 21th day (assuming)

a few days before the completion date. HDB will wipe out all ur OA.

 

[hatredhollow]

a few days before the completion date. HDB will wipe out all ur OA.

Mine was taken few days before completion. so safe to have the fund for deduction 2 weeks before completion.

thanks!

 

[magna_strike]

Hi, I am now looking to resale having failed for sobf and obf previously. I applied one hle under new flat category, but now my wife has an agent friend who told her because our hle is starting with N, it may not be useable for resale purchase? Is that true? Should I reapply hle again under resale?

 

[Jimmy81]

Hi have a question regarding HLE, I applied for HLE with my fiancee but the loan granted was only about 164k which is not enough to buy the resale flat that we are interested in. I am employed with CPF and my fiancee is self employed but not contributing to CPF. She submitted her bank statements, credit report etc

My OA is 90K
Her OA is 15k and she has about cash savings of 75k
We are both 41 this year

Is it because she doesn't have much CPF hence the low HLE approval amount?

 

[vinz]

Self employed status, whatever amount u declare HDB will give a discounted loan amount compare to a employed person. Not about CPF, since she need to file IRAS yearly and pay for own medisave anyway.

Example : both declare same monthly salary

1. Employed with CPF ,loan given 300k
2. Self employed , loan given can be just 150k

Don't ask us why, that is how it has been for many years.

You should had done HLE first, then add up both OA and cash saving, plus any grant, then find a resale unit within that budget.

 

[jerichoo]

Noob q.

Let's say now only got 1 Father & 1 Single currently living in HDB

They successfully BTO for a 3 room under the Father's name (1 Single as occupier)

Both Father & Single is currently unemployed

They will sell current house before moving in 5 years later

How will HDB give the HLE Loan Amount before 1st appointment to select flat since both unemployed?

Will they consider the current value of the current house?

Any advice pls? Asking for my colleague. Thanks!

 

[McFadden]

Noob q.

Let's say now only got 1 Father & 1 Single currently living in HDB

They successfully BTO for a 3 room under the Father's name (1 Single as occupier)

Both Father & Single is currently unemployed

They will sell current house before moving in 5 years later

How will HDB give the HLE Loan Amount before 1st appointment to select flat since both unemployed?

Will they consider the current value of the current house?

Any advice pls? Asking for my colleague. Thanks!

Singles I thought only can buy bto 2 Room?

 

[jerichoo]

Singles I thought only can buy bto 2 Room?

As mentioned Applied under Father's name.

Single is occupier nia

 

[ashketchum]

Sorry noob qns. I just applied for HLE and submitted my last 3 months payslip. (June-Aug 2022) as per indicated by their website. In the application it stated clearly don't need to submit any bonus information.

Now hdb wants me to submit my March 2022 payslip and bonus info? What do they need it for?

 

[AlanKohCD]

Noob q.

Let's say now only got 1 Father & 1 Single currently living in HDB

They successfully BTO for a 3 room under the Father's name (1 Single as occupier)

Both Father & Single is currently unemployed

They will sell current house before moving in 5 years later

How will HDB give the HLE Loan Amount before 1st appointment to select flat since both unemployed?

Will they consider the current value of the current house?

Any advice pls? Asking for my colleague. Thanks!

For unemployed cannot approve HLE.

 

[halfnode]

For unemployed cannot approve HLE.

Asking for colleague means not unemployed mah. If all along dodging tax then another story

 

[3G SAINT]

For unemployed cannot approve HLE.

Can get HLE maybe not alot

For all applicants and occupiers who are unemployed and aged between 18 and 62, the following documents are required:

Status	Required Documents
If full-time student	Student Pass or letter from the education institution
If unemployed for less than 3 months	Income proof for the preceding month(s) from the previous employer stating your gross monthly income and last day of service; and Latest 15 months’ CPF contribution history

 

[3G SAINT]

Sorry noob qns. I just applied for HLE and submitted my last 3 months payslip. (June-Aug 2022) as per indicated by their website. In the application it stated clearly don't need to submit any bonus information.

Now hdb wants me to submit my March 2022 payslip and bonus info? What do they need it for?

Are you self employed...

 

[3G SAINT]

Noob q.

Let's say now only got 1 Father & 1 Single currently living in HDB

They successfully BTO for a 3 room under the Father's name (1 Single as occupier)

Both Father & Single is currently unemployed

They will sell current house before moving in 5 years later

How will HDB give the HLE Loan Amount before 1st appointment to select flat since both unemployed?

Will they consider the current value of the current house?

Any advice pls? Asking for my colleague. Thanks!

They can give you some loan for proceed the 1st appointment)

They will ask your bank balance they give you loan...

They can give you 10k and 2nd appointment which was 5 yrs later the HLE will review again if your salary increase.1st appointment not so important you just book the flat only.

Upon collection key you need resubmit your payslip and review...

 

[halfnode]

They can give you some loan for proceed the 1st appointment)

They will ask your bank balance they give you loan...

They can give you 10k and 2nd appointment which was 5 yrs later the HLE will review again if your salary increase.1st appointment not so important you just book the flat only.

Upon collection key you need resubmit your payslip and review...

I’m surprised If both unemployed can still get HLE?