My Answer with regards to your Question:
As a Singaporean citizen, you may consider listing your mother as an essential occupier when applying for an HDB flat. This allows you to include her income in the total household income assessment, potentially increasing your chances of qualifying for an HDB loan under the higher income ceiling for families.
Here are some points to consider:
Essential Occupier Criteria: To list your mother as an essential occupier, she must meet certain eligibility criteria set by HDB. This typically includes being a family member, such as a spouse, parent, child, or sibling, and being a Singaporean citizen, Permanent Resident, or non-citizen spouse endorsed by the Immigration and Checkpoints Authority (ICA).
Total Household Income: By including your mother's income in the total household income assessment, you may be able to meet the income ceiling for families, which is currently set at $14,000 per month for HDB loan eligibility. This can enable you to qualify for an HDB loan despite your individual income exceeding $7,000 per month.
Loan Eligibility: While listing your mother as an essential occupier can help increase your total household income, it's essential to ensure that you meet all other eligibility criteria for an HDB loan, including credit assessment and financial commitments. HDB will assess your overall financial situation to determine your loan eligibility.
Legal and Financial Obligations: Listing your mother as an essential occupier means that she will be jointly responsible for the HDB flat, including legal and financial obligations such as mortgage payments, maintenance fees, and property ownership. Ensure that both you and your mother understand and are comfortable with these responsibilities.
Consultation: Before proceeding with your HDB flat application, consider consulting with HDB or a housing advisor to confirm your eligibility and understand the implications of listing your mother as an essential occupier. They can provide personalized advice based on your specific circumstances and guide you through the application process.
By listing your mother as an essential occupier, you may have a better chance of qualifying for an HDB loan under the higher income ceiling for families. However, it's crucial to carefully consider all factors and seek professional advice to make informed decisions regarding your HDB flat application.
https://www.hdb.gov.sg/residential/buying-a-flat/understanding-your-eligibility-and-housing-loan-options/flat-and-grant-eligibility/couples-and-families
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