Afternoon Ivy,
Similar to what Gerald have mentioned, you need to be SC, aged 35 and above. If you are earning more than $5k per month, you are not eligible to utilize HDB loan and housing grant. Hence you have to utilized bank loan. 5% cash, 15% CPF will form up your 20% downpayment, if you managed to attain 80% loan, based on your income and credit report. Cash required will include your 5% downpayment, COV, 15% downpayment (if you do have enough CPF), legal and stamp fee (if you do not have enough CPF), standard admin charges like HDB admin fee, property tax refund(to seller), etc.
If you are getting HDB loan, 10% downpayment is required. As for the figures required, it would depend on how much grant you can get.
Do feel free to contact me for further discussion.
Regards
Mike Lim
96929209
m52i@yahoo.com
ERA
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