Foreigner Mortgage Eligibility Singapore: Homejourney 2026 Guide

Executive Summary: This definitive Homejourney guide covers everything foreigners need to know about foreigner mortgage Singapore eligibility in 2026. From PR home loans to expat mortgages and non-resident options, discover TDSR limits, LTV ratios, documentation, and insider tips. Homejourney prioritizes your safety with verified data, instant eligibility calculators, and multi-bank applications via Singpass for trusted financing.

Whether you're on an Employment Pass or seeking a foreign buyer loan, navigate ABSD 60%, bank requirements from DBS to HSBC, and real examples. Calculate your borrowing power today at Homejourney bank rates.

1. Foreigner Categories & Basic Eligibility
2. Eligible Property Types for Foreigners
3. Loan-to-Value (LTV) Limits Explained
4. TDSR and MSR: Key Calculations with Examples
5. Income, Age & Credit Requirements
6. Essential Documents for Approval
7. Current Interest Rates & SORA Trends
8. Step-by-Step Application Process
9. How to Improve Your Eligibility
10. Homejourney: Your Trusted Partner
11. FAQ: Foreigner Mortgage Singapore

1. Foreigner Categories & Basic Eligibility

Foreigners can secure expat mortgage or non-resident mortgage in Singapore if they meet strict bank criteria set by MAS. Unlike citizens or PRs, foreigners face 60% ABSD on purchases but up to 75% LTV financing from banks like DBS, OCBC, and UOB.[1][2]

Categories include Employment Pass (EP) holders, S Pass, Dependant Pass, and non-residents. EP holders often get better terms due to stable income proof. Self-employed foreigners need audited accounts.[1][4]

Homejourney verifies your status instantly via Singpass on our bank-rates page, ensuring safe, transparent applications.

Who Qualifies?

EP/S Pass Holders: Stable job in Singapore; preferred by banks.[1][2]
PR Applicants (PR home loan): Easier access, but still TDSR-bound.[3]
Non-Residents: Possible with strong overseas income, but higher scrutiny.[5]
Self-Employed: 2+ years audited profits required.[1]

Disclaimer: This is general guidance; consult Homejourney brokers for personalized advice. Regulations per MAS as of 2026.[8]

2. Eligible Property Types for Foreigners

Foreigners cannot buy HDB flats or most landed properties without SLA approval, which is rare unless PR for 5+ years with economic contribution.[2][6]

Focus on condos, apartments, and executive condominiums (ECs) after 10-year MOP. Non-residents buy vacant land or strata-titled properties easily.[1][6]

Property Type	Foreigner Eligible?	Notes
Condominiums	Yes	Prime choice; 60% ABSD.[1]
ECs (post-MOP)	Yes	MSR applies.[8]
Landed (Terrace/Bungalow)	Case-by-case	SLA approval needed.[2][6]
HDB Flats	No	Citizens/PRs only.[6]

Search eligible condos within budget at Homejourney property search.

3. Loan-to-Value (LTV) Limits Explained

MAS caps LTV at 75% for first-time foreigner buyers without prior property ownership. Down payment: 25% cash (no CPF).[2][8]

Example: S$2M condo requires S$500K cash downpayment + S$1.2M ABSD = S$1.7M upfront.[1][2]

LTV Table for Foreigners

Scenario	Max LTV	Min Downpayment (Cash)
First Property	75%	25%
Second Property	45%	55%
Loan Tenure >30 years	60%	40%

Use Homejourney's calculator at mortgage calculator to simulate.[8]

4. TDSR and MSR: Key Calculations with Examples

Total Debt Servicing Ratio (TDSR) limits all debt payments to 55% of gross income at 4% stress rate. MSR for HDB/EC: 30% (not typical for foreigners).[8]

Example: S$14,400 monthly income allows ~S$7,900 housing debt. For S$1.5M loan (25yrs, 4% stress): fits under TDSR.[1]

TDSR Borrowing Capacity Table

Monthly Income (S$)	Max Debt (55% TDSR)	Est. Loan (25yrs, 4%)
10,000	5,500	1.05M
15,000	8,250	1.58M
20,000	11,000	2.10M

Test scenarios on Homejourney tools for accuracy.

5. Income, Age & Credit Requirements

Minimum income: S$50K-S$100K annually, stable 6+ months. Age: 21-65 at application; max tenure to age 75.[2][3][10]

Credit: Clean CTB record in Singapore + overseas report. EP holders with 1+ year tenure favored.[1][4]

Insider tip: Banks like HSBC prefer US expats exempt from ABSD under FTA.[3][5]

6. Essential Documents for Approval

Prepare these for DBS, OCBC, UOB, HSBC, etc.:[1][4][7]

Passport + valid work pass (EP/S Pass)
3-6 months payslips/bank statements
IRAS Notice of Assessment (2 years) or overseas tax
Employment contract
Overseas credit report
OTP/S&P Agreement
Self-employed: Audited accounts, net worth statement

Homejourney auto-fills via Singpass for faster processing.

7. Current Interest Rates & SORA Trends

Most foreigner mortgage Singapore use SORA (Singapore Overnight Rate Average), benchmark for floating rates. Fixed packages available 1-3 years from banks like Standard Chartered.[3]

The chart below shows recent interest rate trends in Singapore:

As seen, 3M SORA hovers ~3.5% in 2026; track live on Homejourney bank rates. Compare DBS (3.8%), OCBC (3.75%), UOB.[1]

8. Step-by-Step Application Process

Get In-Principle Approval (IPA): Submit docs to 2-3 banks via Homejourney.[4][5]
Secure OTP: Valid 2-4 weeks; valuation follows.[1]
Formal Offer: Review lock-ins, penalties.
Legal Completion: 8-12 weeks; pay ABSD/downpayment.
Disbursement: Funds to seller.

Homejourney submits one app to DBS, OCBC, UOB, HSBC, Maybank, CIMB, RHB, Public Bank, Hong Leong, Citibank.

9. How to Improve Your Eligibility

Reduce debts pre-application (pay off cards).
Build 6+ months Singapore salary history.
Apply as PR for better LTV/MSR.[3]
Choose shorter tenure for higher approval.[8]
Partner with stable employer in finance/tech.

Pro tip: Time app post-bonus; use Homejourney calculator to optimize.

10. Homejourney: Your Trusted Partner

Homejourney builds trust with verified rates, Singpass integration, and user feedback-driven tools. Calculate PR home loan eligibility instantly at eligibility calculator.

Compare partners: DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank. One app, multiple offers. Search properties at property search; maintain with Aircon Services ">aircon services.