The bank loan that you will be eligible for will be approximately the same amount as compared to HDB loan as the basis of assessment is similar.
Taking into consideration your CPF and Cash available, you may want to explore HDBs that are within 600k range. Please feel free to get in touch with me for a more detailed discussion.
Nick Tan +65 9644 4854
Property Avenue Pte Ltd Read More
Perhaps I could link you up to my team of bankers who can guide you on the loan process approval and advise on which banks offer the best rates, at no cost.
Let's speak further at 96659926 to discuss more comprehensively on the crux of your requirements & expectations- to enable me to deliver a more accurate financial projection and breakdown of cash flow for your purchase after understanding your finances succinctly, so as to explore the possible options accordingly at no obligation. I will walk you through the entire purchase- from shortlisting, to negotiation, to establishing loan matters and working out finances (cash/cpf/progressive payment), paperwork, sorting legal matters, providing you with recent up to date transaction caveats for benchmark pricing as well as furnish you with a customized sales report & indicative valuations.
As this seems to be your first time purchase, it is apt to have yourself guided and walked step by step by a professional to ensure you do not overpay in the process of unfamiliarity and shortchange yourself on a good deal and paperwork conditions etc. For a nominal sum- your welfare is protected and all the tensions and responsibilities associated with your purchase is well taken care of.
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The loan amount that you can get from the bank would be more or less the same because it is based on the same MSR guideline.
Do note that you are eligible for the $30k family grant, therefore your available initial payment will be approximately $190k.
As such I thought it will more comfortable for you to look for property about $6XXk, anything higher will be very taxing on you.
Hope that I have answered your question.
Feel free to contact me if you need my assistance.
Thanks and Regards
Team Associate Director
OrangeTee.com Pte Ltd
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