Asked by
Hi all, current have an approved HFE letter in hand but due to a marginal increase in income for last 3 affected months in assessment period. Total gross salary will still be below income ceiling hence have submitted an update request even though I don’t need a higher loan just to make sure all is in line. Has been around 30 working days and still waiting on a reply from HDB. My question is, can I still go ahead with the viewings and resale application with the original approved letter? Thanks all.
0
448 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

4 Answers

It is best to check with HDB on this. In all practicality, if there is nothing changed in the loan and grant amount, I don't see any harm to go ahead with viewings but do hold back on making an offer until you have a firm direction from HDB. If needed, call them daily to find out on the progress. Read More
1
Hi, appreciate your sharing
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More
0
Good day to you,

The re-application on HFE is not based on huge income difference hence do advise on your initial intention. With the current approved HFE, your re-application is likely to be either the same or slightly better so you do not stand to lose out.

Do feel free to contact me for viewing arrangement.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Seeking an estate salesperson with in-depth knowledge of sales and purchase of residential property in Singapore?
With more than 10 years of experience on all S&P cases, along with knowledge related to:

1) Mental Capacity Act
2) Long Lasting Power of Attorney
3) Estate Planning and Distribution
4) Divorce
5) Bankruptcy

Having one's concerns and doubts cleared permits one to move forward in life, committing to the most rewarding decisions with ease of mind. Read More
0
Mani Subramanian Veeramani
Hello,

Navigating the HDB application process can be a bit tricky, but here's some advice on your situation:

- **Current HFE Letter**: Your existing HFE (HDB Financial Eligibility) letter remains valid until you receive an updated response from HDB. This means you can proceed with property viewings and even start the resale application process.

- **Income Update**: Since you've already submitted an income update request, it's wise to follow up with HDB to check on the status of your application. This ensures that all information is aligned and avoids any potential issues later.

- **Viewings and Applications**: You can go ahead with viewings and initiate the resale application with your current HFE letter. If your updated income assessment doesn't affect your eligibility or loan amount, you should be able to proceed without any major issues.

- **Loan Amount and Eligibility**: As long as your total gross salary remains below the income ceiling and doesn't affect your eligibility or loan amount, your current HFE letter should suffice.

- **Stay Updated**: Keep an eye on any communications from HDB. If there's any change in your eligibility or loan amount based on your updated income, you'll need to address that promptly.

If you need further assistance or have more questions about the process, feel free to reach out. I'm here to help make your property journey as smooth as possible.

Thank you.

Family realtor solved 1000+ property problems,
- Mani Subramanian Veeramani
Social Media Tags: @AskRealtorMani #AskRealtorMani /AskRealtorMani
https://wa.me/6583004411
Top 1% Real Estate Voice LinkedIn Singapore
https://www.linkedin.com/in/AskRealtorMani/
PS: Here is the list of Below Market Value Properties
https://linktr.ee/AskRealtorMani Read More
1

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions