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Afternoon,

If your combined income is more than $10k, you will not be eligible for housing grant. As for how much cash is needed for the purchase, it would depend on how much CPF OA both of you have in hand and how much loan is eligible, based on the TDSR and MSR. Regarding COV, it would be dependent on the agreed transaction price, inked on the OTP, against the actual valuation report figure.

Do feel free to contact me for further discussion

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi,

If you are earning 10K and below, you are eligible for HDB loan and CPF 1st timer housing grants. Any COV involved depends on the final agreed transaction price and valuation price. Any cash outlay depends on whether your CPF OA and grants can cover your downpayment and stamp duties and what loan you are taking.

i will be glad to assist in illustrating the financing breakdown and how to achieve your housing plan outcomes. Thanks and hope to have the opportunity to work with you.

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More