Requirements when taking one minute HDB homes financing
If you would like funding to acquire and take over possession off a condo, it’s also possible to sign up for a housing financing regarding HDB otherwise one to throughout the financial institutions. Comprehend the search terms and you will factors into other financing choice before deciding.
Qualification conditions
You could finish the questionnaire to have an initial research out-of your qualification to your purchase of another type of otherwise resale flat, property give(s), and loans Broad Brook CT you may an HDB property mortgage.
- Have not in earlier times taken 2 or more housing finance off HDB
- Have chosen to take 1 housing financing out-of HDB therefore the history possessed home is not a city otherwise to another country individual home (make reference to informative data on individual property ownership)
- Seniors old 55 and you can more than: you aren’t trying to get a preliminary-lease dos-place Flexi flat otherwise Community Worry Flat
- Singles: you are at least thirty five years of age and buying certainly one of the following:
- 2-space Flexi apartment toward 99 year-rent out of HDB for the low-adult locations; otherwise
- 5-place or less selling apartment
# A significant occupier are a relative who’s enabled the latest applicant(s) so you’re able to be considered to get a flat. (more…)