My wife (21) and I (24) are planning to get a 3 or 4 room HDB but I only have $10,000 in my CPF. Can we get it?

If BTO, and it takes 3-4 years to be ready, you have time to save towards it. or take a father-mother loan in the interium and pay them back slowly.

Hi Shafiq, best way to find out would be to request for a HLE or Home Loan Eligibility with CPF or a similar one with a bank. And then speak to HDB or CPF regarding the grants you can get, and then figure out the payment required over the next 3 to 4 years before the house is here.

So you'll know how much you can borrow, how much you'll get from the grants to offset the cost of the house, and then your monthly mortgage payments when you get your home.

One last thing, I would recommend you get a house that's 5 X combined annual income bwteeen you and your spouse, at max 7 X. So if you guys make 80k a year together. Try getting a 400k place, 560k at max. But the cheaper the better.