Resale flat: Up to 85% of the resale price or flat value, whichever is lower.Remaining lease at the point of flat application minus 20 years.Pro-rated from the 85% LTV limit, based on the extent the remaining lease can cover the youngest buyer till the age of 95.HDB | Housing Loans from HDB
As can be seen above, another benefit of HDB housing loans is that the loan amount is large at 85% of LTV compared to banks, which will only give you 75%.Retain up to $20,000 of the available savings in each of their CPF Ordinary Account The remaining balance in your CPF OA must be used to pay for the flat purchase or take over ownership of an existing flat before the HDB housing loan can be granted.
Extent that the remaining lease of the flat can cover the youngest buyer or transferee up to the age of 95; andWhen the allowed CPF amount is used up, you have to pay for the balance purchase price and/or the monthly mortgage instalments in cash.Down payments are made through the CPF OA with the option to retain up to S$20,000 in the respective OAs. You can use your CPF to finance your mortgage instalment, but when the allowed CPF amount is used up, you will need to pay your mortgage in cash.