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I am local going to be 35 in a few months time and is looking to buy a resale HDB. My monthly income is 5.1k and the CPF OA + Cash is around 200k.

As I am just over the 5k income mark.
I understand I cannot take HDB loan.
What would be the typical amount the bank would loan me for 25year, 30 year loan?

Is there any rebate for 1st buyer like me?

What would be the recommend HDB price tag I should look at taking all the cost?
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2 Answers

Mike Lim
Replied
Evening William,

The HDB loan income have being caps at $5k but there are some allowance for you, as your income is only $5.1k.

I have handled cases similar to yours where their appeal when through. Being a first timer, give it a try and you might get the grace and housing grant.

Do feel free to contact me if you need further assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
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Ander Ang
Replied
Hi William,

I suggest you try to apply for both HLE (HDB loan) and bank loan (In Principle Approval) to find out your estimated approved loan quantum. I can refer you some bankers whom i closely work with.

With that in mind, you can then start looking for flats that are within your budget.

Thanks.
Ander DTZ
 98628691  Read More
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