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Good morning buyer! HDB will loan you up to 90% if you are taking a HDB loan. If $493k is 90%, effectively you should be able to purchase an unit valued at $547k. The remaining CPF OA funds that are not utilized for 10% CPF downpayment can be used to reduce the amount of housing loan taken. Hope it helps! If you need any assistance in your property purchase, feel free to contact me. Cheers! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More

One thing to take note. Using of HLE means that all your CPF OA account will be used to minus off the purchase price before HDB loan can be used. Effectively you could look for a HDB purchase price not more than $647k($547k+100k). Of course it would be prudent to just consider only $547K so as not to overstretch one's financial resources. Do allow us to serve you as other factors like cash upfront, grants , etc are not discussed. Kind Regards Josef Teo Senior Realtor Read More

Morning, Do note that you HLE approval is based on 90% loan. Therefore your purchase should carries valuation of nothing more than $547k. Since you have more than 10% in CPF monies, it would only indicate that your actual loan amount will be lesser. Do feel free to contact me for non-obligatory discussion. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More

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