Home Loan Requirements

 

INITIAL REQUIREMENTS

For Cash/ Deferred Cash and all other types of financing

To be submitted upon reservation:

  • Reservation Agreement (RA)
  • Buyer Information Sheet (BIS)
  • Reservation Fee (RF)
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ADDITIONAL REQUIREMENTS

To be submitted within 60 days upon reservation)

Employed (Locally Employed, OFWs) or Self-employed (Sole Proprietorship, Professionals)

  1. Standard Requirements
    • Original Certificate of Employment(COE) with Status and Salary
    • Copy of Pay slip for the last 3 months
    • Latest Income Tax Return(ITR)
    • 3 pcs 1X1 Photos with Name and House Unit ID at the back (Principal buyer, Spouse, and AIF)
    • Photocopy of 2 Valid IDs with 3 specimen signatures (Principal buyer, Spouse, and AIF) (ie. SSS, GSIS, HDMF, TIN, Driver’s License, Voter’s, PRC, Passport, Company ID) (Postal ID is valid for Spouse and AIF only)
    • Tax Identification Number (TIN)
    • Post Dated Checks (Down Payment, Monthly Amortization, Guaranteed Check, Real Property Tax)
    • Community Tax Certificate(CTC) or Cedula (current year) – required to submit again on succeeding year
    • Latest Proof of Billing (or Signed Certificated from Owner if Renting) – required to submit again on succeeding year
  2. Additional if Sole Proprietorship
    • Business Permits and Licenses for the current year
    • Photocopy of Certification of Registration issued by DTI
    • Photocopy of Business ITR /Audit FS for the past two years.
    • Copy of Lease Contract and Title for Rental / lease Income
  3. Additional for OFWs
    • Original Crew Contract and Exit Pass with POEA or Employment contract duly authenticated by the Philippine Consulate
    • Proof of Monthly Remittances
    • Photocopy of unexpired Passport with date of Departure and Arrival (with 3 Specimen Signatures)
  4. Additional if Transacting Through an Attorney-in-Fact
    • One (1) original copy of duly notarized/consularized Special Power of Attorney.(Pertinent data on SPA form are: Name of Principal Borrower, Name of AIF, Project Name with Block and Lot.)
  5. Additional if Single
    • Copy of Birth Certificate
    • Additional if Married
    • Photocopy of Marriage Certificate
  6. Additional if Separated / Annulled / Divorced
    • Certificate of Finality / Entry of Judgment of the Court Order granting the Legal Separation / Annulment / Decree of Divorce
  7. (h) Additional if Widowed
    • Photocopy of Death Certificate of the deceased Spouse
  8. Additional if married to a Foreign Spouse
    • Waiver of Rights (All pages should be signed and notarized)
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ADDITIONAL FOR BANK FINANCING

To be submitted within 60 days upon reservation)

  1. Loan Application Form (Complete Set will be given upon Reservation or Counseling)
  2. Other eligibilities:
    • Age upon Loan Maturity
      1. 65 years – locally employed
      2. 60 years – OFW
    • OFW applicants must not be employed in any “war-torn country” included in the bank’s listing.
    • Prompt payments throughout the loan seasoning period.
    • Bank pre-approval process includes checking with the Credit Management Association of the Philippines (CMAP), to determine whether there are unpaid loans, credit card bills, and other negative transactions. If the client did not pass the pre-approval process, the application will be automatically converted to In-house financing. However, the loan application with the bank may still be considered, provided that the client can show loan or credit payments.
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