Buying your first home? We're here to keep it simple. And maybe even fun.
APPLY NOWShopping for a mortgage for your first home might seem daunting. Luckily though, there are numerous first-time homebuyer programs that can help you get your foot in the homeownership door.
Maximum financing and flexibility for first-time homebuyers buying their first home.
We’re committed to making sure all Singaporeans can understand their money and financial situation. Learn about different types of home loans and loan features, and learn how you can make the most of your mortgage.
It is specifically designed to help Singaporean citizens finance the purchase of public housing under the HDB scheme.
HDB loans are only available for the purchase of HDB flats and have eligibility criteria based on income and citizenship status.
(Applicable to HDB only)
Have your income and expenses information handy. Don’t stress if you don't have the exact numbers, estimates are fine.
%20Background%20Removed.png){kind=small}
While everyone's financial situation is different, you should aim to keep your total mortgage payment — including property taxes and insurance — between 25% and 43% of your monthly take-home pay.
Private property buyers taking out a bank loan
Down payment is 25% of the purchase price, of which up to 20% may be paid with CPF OA savings, and the remaining 5% in cash.
You'll likely need money for closing costs — typically 2% to 5% of the purchase price — moving expenses, repairs and a cushion in case of emergencies. We recommend staying in your comfort zone and we can help you find what fits.
It depends — every housing market has different factors to consider. Plus, the answer can vary with your budget, goals and plans for the future. You may find out your estimated monthly repayment using our calculator here or contact a loan officer for help deciding what's best for your situation.
