Short answer: your Singapore home loan LTV limit determines the largest loan a lender may offer against the lower of a property’s purchase price or valuation. For an eligible HDB loan, the current LTV cap is 75%, so buyers generally need to plan for at least 25% from CPF, cash and eligible grants. Bank-loan limits…
TDSR and MSR are two different affordability limits used for property financing in Singapore. The Total Debt Servicing Ratio (TDSR) looks at all your monthly debt repayments and is generally capped at 55% of gross monthly income. The Mortgage Servicing Ratio (MSR) looks only at the housing instalment and is capped at 30% for applicable…
If you agree to pay more for an HDB resale flat than HDB’s valuation, the difference is cash over valuation (COV). You must pay that difference in cash: CPF Ordinary Account savings cannot cover it. The valuation can also limit the amount you can borrow, so work out your total upfront cash and CPF needs…