Hi,
1) You did not mention down payment for HDB flat or private.
2) HDB flat can receive financial assistance from HDB or banks as long as your income did not exceed the ceiling limit, and there is an SC in the application.
3) HDB loan can loan up to 90% LTV, 10% downpayment can be in CPF and/or grant. But you will still need to give some allowance for buyer stamp duty and legal fees. Option and exercise fees are in cash.
4) Maximum bank loan is 75% LTV, 25% down payment; 5% must be in cash, 20% can be in cash and/or CPF. If you are eligible for the grant, the grant amount can be 20% as well.
5) If you are buying private residential, you can only loan from a bank. Same as in (4).
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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