HOUSING LOAN

Purchase of house and lot, townhouse, condominium unit and any single family dwelling;
Purchase of lot and construction of new house;
Purchase of lot only;
Purchase of lot on which the house of the borrower/ mortgagor presently stands;
Major repair, improvement or expansion of an existing house or dwelling unit;
Buy out/ refinancing of existing housing loan which is not past due or has never been past due from other banks or financial institutions;
Financing of contracts-to-sell executed by developers in favor of its buyers covering purchase of residential units in a developed subdivision. or condominium unit; and
Purchase of residential farm lot.

For Employed Applicants:
- Application Forms duly filled-out and signed by the applicant/s (including spouse, if any)
- 2 x 2 ID Picture
- Original certificate of employment (not earlier than 30 days from the issuance.
- 2 Valid IDs
- Tax Identification Number (TIN)
- Proof of billing (credit card, telephone, electricity or water)

For Professionals and Self-employed applicants:
- Application Forms duly filled-out and signed by the applicant/s (including spouse, if any)
- DTI/ SEC and BIR Registrations
- Business/ Mayor’s permit
- Latest three (3) months bank statements
- 2 x 2 ID Picture
- 2 Valid IDs
- Tax Identification Number (TIN)
- Proof of billing (credit card, telephone, electricity or water)

For the property to be financed
- Certified true copy of the TCT/CCT (photocopy if owner’s original copy is presented)
- Certified true copy of tax declaration
- Lot plan with vicinity map
- Current year’s real estate tax receipt and tax clearance
- Affidavit of no improvements (if lot only)
- Copy of contract to sell/ statement from the seller or
- Four new house construction or major renovation:
  - *Renovation cost of Php 500,000 .00 and above shall be considered as major.
  - Construction agreement/ contract with reputable and licensed contractor indicating terms and confitions of payment
  - Building permit with approved building construction plans
  - project cost estimate/ bill of materials
  - CARI and performance/ surety bond for contractor (post approval)
- For house renovation:
  - Contact prepared by a seasoned foreman or contractor;
  - Project cost estimate/ bill of materials
  - Building repair permits if deemed necessary

A Filipino citizen
21 Years Old upon application and not to exceed 65 years old upon maturity.
Stable source of income
- If employed, at least 2 years
- If self-employed, at least 22 profitable years of operation (if with business) or 2 years in practice (if practice of profession)
- Farming
No existing housing loans in any bank/ financial institution, unless purpose is for takeout of the same.
Resident in the community for at least one (1) year.
Within the present serving area
Not engaged in illegal activities
Must have a good credit record with banks and other lending institutions.
Must not been turned down by another branch

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