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Anonymous

20 Jul 2021

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Are we eligible to purchase a 4room resale flat. πŸ™πŸ»πŸ™πŸ»πŸ™πŸ»

Hi, I'm a 2nd timer & my fiancee is a 1st timer to purchase a HDB. If he's salary gross is $3k while I'm unemployed with 4 beautiful children & my cpf now is $60+k can we purchase a 4rm resale flat ...?

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Redbrick Mortgage Advisory

22 Jul 2021

Maestro at Redbrick Mortgage Advisory

Hi there,
Yes, you are eligible for the purchase. My suggestion is to look into purchase affordability as a whole.

Firstly, you might wish to check on a few details.

1) CPF availbility for both your fiancee and yourself
2) CPF Housing Grant
3) Cash downpayment

You may find out more information at the below link.
https://www.hdb.gov.sg/residential/buying-a-fla...

​

Regards, Colin Lim

Can purchase but it’s the price of the 4 room resale flat you are looking to purchase.

Need to go check on your loan eligibility. If you want hdb loan, go apply for HLE.

If you want bank loan, go apply via bank.

See how much you can loan for based on your husband’s salary. This is A.

His cpf should have some money too right? This is B.

Your affordability will be A + B + 60+k

:)

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