Does CPF OA balance affect the HDB loan you are getting?

Is your spouse a foreigner or is she listed as a occupier?

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unless your spouse is a PR or citizen, then she can be applicant and then your combined income will be use to calculate your max loan amount.

Hi there, it's likely HDB has some concerns on:

• your ability to service the housing loan - usually ppl repay their monthly HDB loan via CPF-OA (fully) or CPF-OA + cash, if you and spouse already using it for investment (say monthly and recurring), then what is leftover is lesser than desired hence affecting the loan amount. Note: If you plan to stop your investment/pay 100% by cash - you have to provide info to HDB otherwise only logical for them to be prudent. Banks might want to take a higher risk.
• Or your income nature and its sustainability (e.g. self-employed - tutors/grab driver?) or credit worthiness good? (paying credit card bills on time) - are the incomes you have stated regularly captured under CPF/IRAS? If not reported to CPF/IRAS, bank statements indicating the historical bank in of these incomes should be provided to HDB for a more complete picture.

Above solely my own opinions of what could have affected the loan amount. You can call HDB to ask (number should be on HLE letter), they will answer such questions (by case).

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The calculator is based on what you have inputed vs HLE what is actually verifiable (i.e. verified to CPF contribution, deductions, historical income data)... there will be differences unless what you inputed is fully submitted/accessible to HDB. They don't have access/know if you paying any part (downpayment/loan repayment) by cash until financial plan stage (possible recomputation at this stage).

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The CPF-OA will be fully cleared off (except 20K can be retained) upon purchase of house, this affects affordability, have some impact on loan you need to take up too at the point of purchase. Hope this helps.

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