HOUSING LOAN REQUIREMENTS you need to get that Dream Home

Eyeing for that dream home? While looking for your dream home, or still waiting for your funds. It is best to check first and complete the needed requirements *But you can also do these after paying your reservation fee*

Here are the usual requirements needed for housing loan particularly HDMF or the Pag-Ibig. Bank requirements were likewise almost the same. Documents needed varies per developer.

Housing loan requirements for locally employed:

4pcs 1×1
Latest Certificate of Employment with Compensation
Income tax return 2017
3 months payslip
employee statement of accumulated value from pag ibig
2 valid government id with specimen signature of principal buyer
2 valid government id with specimen signature of spouse if married
Birth certificate and cenomar/Marriage Contract
special power of attorney if applicable
proof of billing
barangay clearance
house sketch

Housing Loan requirements for Self- employed:

4pcs 1×1
Business permit
income tax return 2017
bir receipt paid for the itr 2017
audited financial statements
picture of establishment
employee statement of accumulated value from pag-ibig
2 valid government id with specimen signature of principal buyer
2 valid government id with specimen signature of spouse if married
Special Power of Attorney
Birth certificate and cenomar/Marriage Contract
Proof of billing
Barangay clearance
house sketch

Housing loan requirements for Overseas Filipino Workers:

4pcs 1×1
Latest Employment Contract
Proof of remittances or three months payslip
Employee statement of accumulated value from pag-ibig (E-SAV)
2 valid government id with specimen signature of principal buyer
2 valid government id with specimen signature of spouse if married
Special Power of Attorney
Birth certificate and cenomar/Marriage Contract
Proof of billing
Barangay clearance
house sketch
Consularized Special Power of Attorney
Departure and arrival entry in ph
2 valid government id of representative

Even paying via deferred cash requires minimal documentary requirements. So if you do not qualify for Pag-Ibig or bank loans, you can still get a housing loan if the developer have inhouse financing options. This requires just the basic documents but it also imposes a bigger interest rate.