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* Requirements for Bank Financing
* Requirements for In-House Financing
* Checklist for Pag-Ibig Financing
Frequently Asked Questions
* What is the procedure with In-House Financing Scheme?
* How about reservation?
* When will the 1st equity/down payment made?
* How about monthly amortization?
1. Tripping/ Actual viewing of housing project or thru your representative if you are not available.
2. You may choose the location - block and lot no.
1. Latest proof of income.
2. 3pcs. recent 1x1 or 2x2 I.D. pictures (Husband & wife if married)
3. Marriage Contract, Birth Certificate, or Separation papers (if needed)
4. Community Tax Cert. No./ Cedula
5. Complete post dated check for Equity and Amortization
6. Tax Identification Number (TIN )
Additional Requirements for OFW
1. Initial requirements
2. Job Contract or Certificate of Employment
3. Photocopy of Passport
4. Special Power of Attorney (SPA)
5. Valid I.D. of Attorney in Fact
6. 1 pc. I.D. picture of Attorney in Fact
7. Residence Certificate (Cedula) of Attorney in Fact
Self-Employed
1. Initial Requirements
2. Affidavit of Income
3. Business Name and Permit (if available)
4. Passbook with 3 months maintaining balance (if available)
1. Completely filled out application form
2. 3pcs. of 1x1 or 2x2 ID picture of Principal buyer and spouse
3. Photocopy of 2 valid ID's (passport, driver's license, employee ID, ect.) of principal buyer and spouse
4. Updated Community Tax Certificate of principal buyer and spouse.(OFW not require)
5. Tax Identification Number (TIN)
6. Proof of Billing (Meralco, PLDT, etc.)
7. Birth Certificate/ Marriage Contract
I’m locally employed what documents that I will submit?
1. Original copy of Certificate of Employment, indicating length of service, position and annual salary. (Certificate of Employment with compensation)
2. Latest Income Tax Return (ITR)
I’m not employed but I have a business? (self employed)
1. Audited Financial Statements for the last 2 years together with ITR for the last 2 years.
2. Two (2) years in-house Financial Statement and Interim Statement (when available)
4. Photocopy of Bank Statements and Passbooks for the last 6 months
5. Certificate of Business Registration with SEC or DTI (if single proprietorship)
6. Articles of Incorporation and By-Laws (if applicable)
7. Business Background / Company Profile
8. Trade Suppliers / Customers (at least 3 for each with contact persons and telephone numbers)
1. 3pcs. recent 1x1 or 2x2 I.D. pictures (Husband & wife if married)
2. Membership Status Verification slip (MSVS)
3. Pag Ibig counseling
2. 3pcs. of 1x1 or 2x2 ID picture of Principal buyer and spouse
3. Photocopy of Passport (OFW)
4. Updated Community Tax Certificate/ CEDULA of principal buyer and spouse. (OFW not require)
5.Certificate of Employment, indicating length of service, position and salary. (Certificate of Employment with compensation or Job Contract.)
6. Tax Identification Number (TIN)
7. Proof of Billing (Meralco, PLDT, etc.)
8. Birth Certificate/ Marriage Contract
Deferred CASH Payment - 24 months equal payment/ NO INTEREST.
FULL Cash Payment - avail of discount if fully paid within 12 months.
2. Terms of Payment:
1. How much / many months do I pay the down payment?
Answser ? you can choose for the following options:
A. 20% of the total selling price
B. 30% of the total selling price or MORE.
12 TO 24 months depend on the project you had been chosen for those units not yet constracted. (RFO) Ready For Occupancy is 4months to pay.
2. How many years do I pay the remaining balance?
Answer? In House Financing Maximum 10years
Bank Financing Locally employed 25yrs OFW 15years
Frequently Asked Questions
It range from Php 10,000.00 - 40,000.00 depending on the house model. It is non-refundable but will make as part of your downpayment.
Buyer can transfer the reservation to another qualified buyer or another unit provided under same agent, developer and same price or price is higher than old unit. All payments made will be properly credited in the new owner or choosen unit. A transfer fee of P3,000.00 will be charged to the buyer. Approval may takes 1to 2 weeks.
Your first monthly equity or downpayment will start either on the 5th or the 20th hit date of the following month upon reservation. you can choose depend on the availability of your funds.
After you have fully paid the equity or down payment then amortization will start on the following month
When can you move-in or transfer?
For BANK Financing
Maximum (3) month after full payment of downpayment and Bank loan take-out (bank has paid the developer). The developer will send you a Letter stating that the unit (house) is ready for inspection. You be will be given 60 days to inspect and make the necessary imperfection or repair for the house. You will sign a Letter of Acceptance if everything is alright then get the Move in Clearance so that you can claim the key of the house.
Developer will also given you a 1 rainy season that if you found having a leak then they still make repair.
Ready for occupancy units (RFO)
Buyer is required to make full down payment and take-out of bank loan to transfer. Estimated time to move-in is 1 to 4 months.
After payment of down payment buyer will receive a Notice of Completion from the developer stating that the unit (house) is ready to inspect provided that the documents is complete. You will be given 60 days to inspect and make the necessary imperfection or repair for the house. You will sign a Letter of Acceptance if everything is alright then get the Move in Clearance so that you can claim the key of the house.
Developer will also given you a 1 rainy season that if you found having a leak then they still make repair.
Ready for occupancy units (RFO)
Full payment of downpayment and complete documents are required before you can move-in or transfer to the house.
House Improvement
House Improvement
Upon turn over of the unit then the time you can start to develop/improve the unit such us fencing, inside and outside improvements. Nevertheless, before you start the construction you will require to submit drawing plan to engineering office for the said improvements or alterations if their any to ensure the structural of the building.