An HDB flat software distinguishes among an applicant and an occupier, with major discrepancies in authorized rights and economic responsibilities. An applicant is really a legal operator with the flat, retains a share inside the home, can use their CPF to finance the purchase, and is particularly a celebration for the housing mortgage. Conversely, an occupier is a relative stated in the appliance to type the required spouse and children nucleus to qualify for your flat beneath an eligibility scheme. An occupier has no lawful possession rights into the flat, are unable to use their CPF money to finance the purchase, and can't become a joint applicant to get a personal loan, which can lead to a lesser financial loan quantum primarily based solely to the proprietor's check here income. An occupier is subject matter to the identical Minimal Profession Time period (MOP) as the operator and need to bodily reside while in the flat. This distinction is commonly a strategic choice for partners planning to buy a 2nd non-public house in the future without the need of incurring Added Buyer's Stamp Responsibility.