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Any chance to appeal for a higher HDB loan? My spouse and I have combined income of 11k (approx). We are looking to buy a resales 5-rooms DBSS in the west, property price around 1M. Using HDB calculator, our maximum loan quantum is around 750K and thus we do not have enough deposit to pay the balance... On our hand, we only have around 150K for the deposit (cash + CPF). We are comfortable to pay 4k monthly installment..
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2 Answers

Aaron Chong
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Robbie Chen Chee Howe
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Hi,

$1m DBSS flat in the West? Are you referring to Trivelis in Clementi?

If you're taking a bank loan, your LTV will be 75%. For $1m property purchase, the maximum you can loan will be $750k, even if your income is double or triple from your current income, you still will only be able to loan up to $750k.

If you're taking a HDB loan, the LTV would be 90%. You may wish to submit a HLE application, to see how much your actual loan may be.

Also, if you qualify for the various Housing Grants, you may be able to make up for the shortfall.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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