Housing Loan Requirements

Basic, In-House Requirements
• Birth Certificate or Marriage Contract
• 2 Valid IDs
• Community Tax Certificate (Cedula)
• 2 pcs. 2" x 2" id pictures (husband and wife)
• Proof of Billing Address (Utility bills)
• Post dated checks
Required Documents if with Financing

Overseas Contract Workers (OFWs)
• Original Certificate of Employment and Compensation w/ Consular Seal
• Photocopy of Contract of Employment
• Photocopy of Passport (all pages with entries)
• Proof of Remittances 
• Pay Slips 
• Bank Statements 

Locally Employed
• Photocopy of Income Tax Return (ITR)
• Original and Notarized Certificate of Employment and Compensation (COEC)
• Pay Slips
• 2 Valid IDs
• Bank Statements
• Birth Certificate or Marriage Contract
• Community Tax Certificate (Cedula)
• 2 pcs. 2" x 2" id pictures (husband and wife)
• Proof of Billing Address (Utility bills)
• Post dated checks


Self Employed
  • Photocopy of Business Registration (DTI/SEC)
  • Mayor’s permit
  • ITR for the last 2 years
  • Original Audited Financial Statements for the last 2 years
  • Bank Statement 
  • Picture of business establishment


OTHER REQUIREMENTS MAY BE REQUIRED ON A CASE TO CASE BASIS

Financing Schemes in Housing Loan

Choose your Financing OptionsThere are 3 popular financing options here in the Philippines when a buyer/investor would like to loan a certain amount. These are In-house financing, Bank Financing, and Pag-IBIG Financing.


In-house Financing - you get to borrow money (or loan for your balance) "internally" or from the developer itself
  • Advantages - easy approval; no or minimal background check; developers are more flexible/easy to talk with when it comes to late payments
  • Disadvantages - shorterm term (usually max is 10 years); highest interest rate (can go as high as 21%)

Bank Financing - you borrow money from a bank to pay off your balance from the developer
  • Advantages - longer term than in-house financing (can go upto 15 to 20 years in some banks) ; lower interest rate than in-house financing (usually from 9% to 12%)
  • Disadvantages - very strict when it comes to approval and late payments (can foreclose your property easily)


Pag-IBIG Financing - you borrow money from HDMF (given that you are a member) to pay off your balance from the developer
  • Advantages - longest term offered (upto 30 years max) ; lowest interest rates (as low as 6% to 11.5%)
  • Disadvantages - strict when it comes to approval and late payments (can foreclose your property easily)

Who Are Qualified for a Housing Loan?

Must be Filipino citizen.
  • Must be presently working.
  • Must not be more than 50 yrs.
  • Must be 18 yrs. – 50 yrs. old.
  • No pending legal cases.
  • No problem with marital status.
  • No unpaid credit cards or unpaid loan account
If Buyer is a Filipino Immigrant, must have a Dual Citizenship.
For OFW, he/she must not working in a war-torn countries.