The HDB has introduced a new streamlined process for verifying the eligibility of buyers of resale and Build-to-Order (BTO) flats called the HDB Flat Eligibility (HFE) letter.
- The HFE letter consolidates the checks for eligibility for various HDB schemes into one application. The letter will be valid for six months, and buyers can use it to apply for resale or BTO flats during this period.
- Applicants can obtain the HFE letter by submitting their application online and providing the necessary supporting documents.
- The HFE letter aims to simplify and speed up the eligibility verification process for HDB flat buyers.
From 9 May, we can just proceed to apply for HEF, which will includes the intention to buy and the HLE (together), to top it all off, IPA with private bank is also would be done there.
In case you prefer a bank loan, you can submit an In-Principle Approval (IPA) application through the HDB Flat Portal starting from 9 May, provided that you apply through any of the following banks or financial institutions:
- DBS
- OCBC
- UOB
- Maybank
- Hong Leong Finance
- Sing Investments & Finance
Before I end off here's a sample of how the new HFE letter would look like
