• DBS First Time Home Buyer Resource

    Home Loan BYTES FROM OUR KITCHEN

    Overview of DBS First Time Buyer Resource

    The DBS First Time Buyer Resource provides simplified steps so the process of buying your dream home no longer has to be overwhelming and complicated. It helps in easing the process of any home purchase including a private home, a new HDBB home or a Resale HDB home.

    DBS First Time Buyer Resource for a Private Home

    DBS can help you in the purchase of a private home in the following ways –

    • You can discuss with the bank regarding how much you can afford in terms of the upfront cost, expenses, ongoing mortgage instalments, Mortgage Servicing Ratio (MSR) if you are purchasing Executive Condominium, your loan tenure and Loan to Value Ratio (LTV) and Total Debt Servicing Ratio (TDSR).
    • You can further discuss your home loan options with the bank and choose one that suits your financial requirements the best.
    • You can use the DBS Home Connect App for more relevant information and then make an offer to your seller.
    • You can apply for your home loan with DBS bank and meet your lawyer.
    • You will receive a formal property valuation.
    • Once you pay the legal fees, you will receive the keys to your brand new home.

    DBS First Time Buyer Resource for a new HDB Home

    DBS can help you in the purchase of your new HDB home in the following ways -

    • You can discuss with the bank regarding how much you can afford in terms of your Total Debt Servicing Ratio (TDSR), Mortgage Servicing Ratio (MSR), loan tenure and your Loan to Value Ratio (LTV).
    • Submit an application for your flat and receive an outcome.
    • Book your new HDB flat.
    • Apply for a loan with DBS bank and receive your Offer Letter.
    • Once you sign your lease agreement, you will receive the keys to your brand new HDB flat.

    DBS First Time Buyer Resource for a Resale HDB Home

    DBS can help you in the purchase of a Resale HDB Home in the following ways -

    • You can discuss with the bank regarding how much you can afford in terms of your loan tenure and your Loan to Value Ratio (LTV), Mortgage Servicing Ratio (MSR) and your Total Debt Servicing Ratio (TDSR).
    • Agree on a price with your seller and receive an Option to Purchase document. In order to make a better informed decision, you can take the assistance of the DBS Home Connect App.
    • Obtain an evaluation for your flat.
    • Apply for a loan with DBS bank and receive your Offer Letter.
    • Exercise your Option to Purchase and submit your resale application to HDB.
    • Make your appointment with HDB and collect the keys to your new home.

    Applying for a Private Home / new HDB Home / Resale HDB Home

    You can apply for your home loan for any of the aforementioned properties with DBS bank through the following ways –

    • You can fill in your personal details on the Contact Me form and a DBS Home Loan Specialist will then contact you shortly.
    • You can contact the bank via telephone between 9 AM and 5 PM from Monday – Friday and between 9 AM and 12:30 PM on Saturday.
    • You can visit your nearest DBS bank branch and apply for the home loan in person.
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