Joint Home Loan Application Complete: Homejourney FAQs
Completing a joint home loan application in Singapore involves submitting key documents like IRAS My Property Summary and NRIC copies, often via Singpass for efficiency. Homejourney simplifies this with multi-bank submissions from DBS, OCBC, UOB and more, ensuring a safe process for couples and families.
Why Joint Home Loans Matter for Singapore Buyers
A joint home loan or co-borrower mortgage boosts borrowing power under TDSR and MSR rules, ideal for couples home loans or family purchases. In Singapore, banks like DBS require only one submission for joint accounts when using Myinfo with Singpass, streamlining the joint application.[1]
This cluster focuses on completing your application, linking back to our pillar Joint Home Loan Singapore: Complete Guide for Couples & Families | Homejourney ">Joint Home Loan Singapore: Complete Guide for Couples & Families. Homejourney verifies data instantly via Singpass, prioritizing user safety and trust.
Documents Required to Complete Joint Home Loan Application
For joint mortgage Singapore completion, gather these essentials:
- IRAS My Property Summary: Log into myTax Portal with Singpass, view under Property, save as PDF. One submission suffices for joint accounts.[1]
- Identification: NRIC (front/back) for Singaporeans/PRs showing property address; passport and utility bill for foreigners.[1]
- HDB Flat Details: If applicable, include specifics for HDB properties.
- Income Proof: Latest payslips, tax assessments; banks compute using lower income up to 12x for joint apps.[3]
Upload via bank portals or Homejourney's one-click multi-bank system at https://www.homejourney.sg/bank-rates. For repricing, all joint borrowers sign offline submissions.[1]
Online vs Offline Submission Steps
- Online with Myinfo/Singpass: Authenticate, upload consolidated docs from one borrower. DBS confirms receipt via email.[1]
- Without Myinfo: Same docs, manual upload; file sizes up to 5MB, PDF/JPG.[1][3]
- Offline: All borrowers sign; visit branches like DBS/POSB.
Homejourney's platform auto-fills via Singpass, reducing errors for joint home loan completion.
Singapore-Specific Rules for Joint Applications
MAS mandates co-borrowers be co-owners; Income-Weighted Average Age (IWAA) uses ages and incomes to extend tenure up to 35 years for private properties.[5] For HDB, apply HFE letter first via Singpass on HDB portal, confirming eligibility before bank AIP.[2][4]
TDSR caps debt at 55% of income; joint apps average incomes for higher limits. Use Homejourney's calculator at https://www.homejourney.sg/bank-rates#calculator to check.
Step-by-Step: Completing Your Joint Application on Homejourney
Follow these actionable steps for a smooth joint application:
- Compare rates from DBS, OCBC, UOB, HSBC at https://www.homejourney.sg/bank-rates.
- Calculate eligibility with our tool, factoring joint incomes and CPF.
- Submit via Singpass: Auto-fill NRIC, income, CPF data.
- Upload shared docs like IRAS summary; get offers from multiple banks.
- Track status securely on Homejourney dashboard.
This trusted process connects you to Homejourney Mortgage Brokers for guidance, ensuring transparency.
Interest Rate Considerations for Joint Loans
Most joint loans tie to SORA; track via Homejourney. The chart below shows recent interest rate trends in Singapore:
Rates impact monthly payments; fixed vs floating options available from partners like Standard Chartered and Maybank.
Common Pitfalls and Insider Tips
Avoid delays by consolidating docs early; for HDB BTO, secure HFE and AIP concurrently.[2] Insider tip: Joint apps with parents improve LTV if under 65 average age.[5] Always verify on Homejourney for latest from official sources like HDB/MAS.
Disclaimer: This is general info; consult professionals for advice. Rates as of 2026; check Straits Times Housing News ">Straits Times for updates.
FAQ: Joint Home Loan Application Complete
What docs complete a joint home loan application?
For joint accounts, one IRAS My Property Summary, NRICs, and income proofs suffice online via Singpass.[1]
Can we apply jointly for HDB BTO?
Yes, after HFE letter; couples need one SC, register marriage timely for grants.[2][7]
Minimum income for joint applicants?
Main: S$24k/annum; joint: S$12k (spouse/parent/sibling).[3]
How does Homejourney make it safe?
Singpass verification, multi-bank offers, transparent tracking prioritize user trust.
What if one co-borrower is foreigner?
Passport + utility bill required; co-owner status mandatory.[1][5]
Next Steps with Homejourney
Ready for Joint Home Loan Application Complete? Start at https://www.homejourney.sg/bank-rates for rates, calculator, and applications. Search properties at https://www.homejourney.sg/search. For decoupling, see Decoupling Property Mortgage: Homejourney Application Benefits ">Decoupling Benefits. Homejourney ensures safe, verified journeys.
