If you intend to buy a new or resale HDB flat in Singapore, here’s what you must know about the HDB Flat Eligibility (HFE) letter. The HFE letter, which was introduced as part of a simplified application process, tells you if you can buy a flat, apply for housing grants and take up an HDB loan. In this post, I will answer the most asked questions by Singaporeans about the HFE letter, so you don’t make a mistake or delay when buying your flat.
What is an HFE Letter?
An HDB Flat Eligibility (HFE) letter is issued by HDB to state whether you are eligible to buy a new or resale flat. Other aspects covered include your eligibility for CPF housing grants and an HDB loan. Before you apply for a flat, you must get a valid HFE letter, so it is at a crucial step in flat buying process.
How Do I Apply for an HFE Letter?
Applying for HFE letter is an involved process that involves two steps.
1. Step 1: Determine First-time Applicant’s HDB Eligibility.
This is done online through the HDB Flat Portal. You will enter your personal information as well as that of co-applicants and occupiers. The system will assess your basic eligibility.
2. Apply for HFE Letter
You must complete this step within 30 calendar days from the date of Step 1 completion. All applicants and occupiers must electronically sign using Singpass. You must also submit related documents like your income proof and a copy of your NRIC. Failing to meet the deadline means that you will have to go back to Step 1.
How Long is the HFE Letter Valid?
An HFE letter will be valid for nine months from the date stated on the letter. Having 12 months is good enough time to consider what you want to live in, apply for a flat, and sort out finances. It’s important to note that if your HFE letter expires before you can make a booking for a flat, you’ll have to re-apply again.
Can I Extend My HFE Letter?
You cannot extend the validity period. HDB does not allow expired HFE letters to be extended. If your expiry date is nearing your letter then you must make a new application before your letter expires and in the same housing scheme.
What is the Processing Time?
When you submit all the documents intact, the costing of the HFE letter will take about a month. If you apply close to or during a BTO sales launch, processing may take a longer time due to the volume. HDB will contact you through SMS and email to inform you if you have successfully apply.
Can I Be in Two Applications at Once?
It is not possible for you to appear on more than one HFE letter application at once, as an applicant or occupier. To apply for your own HFE letter and you are in another application, you need to request HDB to withdraw from the other application first.
What Happens if I Make a Mistake in My Application?
If wrong or incomplete information is submitted, HDB may take a longer time to process. In some cases, they may reject the application entirely. To prevent this, you have to make sure that all the details are accurate and the documents are complete. Always double-check your application before submitting.
Why is the HFE Letter Important?
The HFE letter contains multiple eligibility checks in one letter, which reduces hassle and uncertainty. It’s important because.
– It validates your qualifications even before you search.
– It affects your eligibility for CPF grants or HDB loans.
– It is required for both resale and new flat applications.
What Should I Do If My Circumstances Change?
If your finances and family change after you submit your application for HFE, you must update your application with new information. Your eligibility or grant amount may change due to employment, income or household changes. Not updating may cause complications later in the process.
Conclusion.
Getting your HFE letter early in your flat-buying journey can save you much time and hassle. With increasing demand and tightening housing policies, it is best to be prepared. If you are unsure how to apply for HFE or would like professional assistance, feel free to reach out.
Get your flat journey off to a good start – contact me for a personal consultation for your HFE letter and planning your HDB purchase.
