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Getting a dream home could be really exciting. But one of the factors that needs to consider is how much they can afford and is the monthly amortization match to their salary or business income ? Do i have complete papers to provide for a home loan application to get approve by the bank?

Here are the checklists of requirements for home loan process that would be helpful for an easier application.

Basic Information of the Borrower:

  • Borrower’s age should be at least 21 years of age but not more than 65 years old upon maturity of the loan.
  • Eligible borrowers must be Filipino citizens. Foreign nationals are allowed to purchase a condominium, however, for a house and lot and lot only, foreign nationals are allowed to purchase if married to a Filipino citizen. An Affidavit of Support and Waiver of Rights over the collateral property must be executed by the foreigner.
  • Principal borrowers must have an stable source of income either as a regular employee or with at least two (2) years profitable business.
  • Borrower’s allowed bank to lend depends on the capacity to pay and based on the appraised amount/value of the property.
  • The interest rate of the loanable amount will be based on the prevailing bank rates at the time of loan.

Standard Requirements:

  • Photocopy of 2 Gov’t Valid I’Ds ( Passport, Driver’s License, SSS, PRC among others) with 3 specimen signature
  • Marriage Contract
  • Birth Certificate for Single
  • Latest Proof of Billing
  • ID Picture ( either 1x1 or 2x2 )


In the event that the declared proof of income such as ITR and Job Contract, the borrower should provide the following:

  • Bank Statement for the past six (6) months
  • Lease contracts of income generating properties ( if there’s any)
  • Stock Certificates ( if there’s any )


  • Bank Loan Application Form (duly accomplished)
  • Appraisal Fee of P3,500 - non-refundable ( waived if the developer is accredited with the particular bank you are applying for )
  • If with co-maker/co-borrower/attorney-in-fact, separate application form is needed



  • Photocopy of the latest Income Tax Return (ITR)
  • Certificate of Employment and Compensation
  • Alien Certificate of Registration (ACR) and Official Receipt (if resident alien)

Overseas Filipino Worker

  • Photocopy of Passport
  • Contract / Certificate of Employment (COE) approved by the POEA, if applicable, authenticated by the Philippine Consulate (if direct hired)
  • Proof of inward remittance thru PNB or other banks
  • Crew Contract and Exit Pass from POEA (for seafarers only)
  • PNB-prescribed Special Power of Attorney (SPA), if applicable
  • If SPA was executed and notarized abroad, such has to be authenticated by the Philippine Consulate


  • Certificate of Employment & Salary authenticated by the Phil. Consulate
  • Proof of inward remittance thru PNB or other banks
  • Crew Contract and Exit Pass from POEA (for seamen only)


  • SSS / GSIS / Driver’s License / PRC License
  • Business Name (DTI) or SEC Registration
  • Articles of Incorporation, By-Laws with SEC Registration Certificate and latest General Information Sheet if applicable
  • General Information Sheet
  • Financial Statements / Income Statement for the last 3 years
  • Photocopy of the Income Tax Return (ITR) for the last 3 years
  • List of Trade References (Suppliers / Customers)


  • Clinic Address/es, schedules and contact numbers (for doctors)
  • Bank Statements for the last six (6) months


  • Vouchers or Bank Statements for the last six (6) months reflecting commission income


  • Submit photocopy of Lease Contracts / TCT’s of Earning Properties
  • Bank Statement for the last six (6) months


  • OR / CR
  • LTFRB Franchise
  • Business paper / registration
  • ITR for the last two (2) years
  • Bank Statement for the last six (6) months


Intended to those borrowers who purchased a property to an individual and not to the developer except for the copy Deed of Absolute Sale or Contract to Sell which is a standard that needs to be provided.

  • Two (2) sets of clear photocopy of TCT / OCT / CCT (all pages including blank pages with the book and page / volume number indicated on the front page)
  • Lot Plan with Location / Vicinity Map certified by a licensed Geodetic Engineer
  • Photocopy of the latest Tax Declaration / Realty Tax Receipts / Tax Clearance
  • Master Deed of Declaration & Restrictions (for Condominium)
  • For construction / renovation purposes:
  • Building Plans (complete set) duly signed by a Civil Engineer / Architect
  • Bill of Materials / Specifications / Cost Estimates duly certified by a Civil Engineer / Architect
  • Scope of Work (for renovation)
  • Building Permit
  • Deed of Absolute Sale or Contract to Sell (purchase of lot / house and lot)


  • Current Statement of Account
  • Official Receipt or cleared checks on amortization payments made or Passbook / Bank Statement where the monthly amortization payment is debited (at least 6 months)


A one time Bank charges covers fee for the processing, registration, doc stamps and notarial, except for MRI ( Mortgage Redemption Insurance ) and Fire Insurance which is computed on a yearly basis. These are billed separately which is payable prior to loan take-out.

Marieta "Mayeth" Abordo

Licensed Real Estate Broker

PRC Lic. No. 0000759

Mayeth Abordo is a Professional Real Esteate Broker and Founder of SOLIDSOURCE REALTY PHILIPPINES since 2010, a Real Estate firm based in Las Pinas City. She specialize in applying her expertise and market knowledge to Broker both horizontal and vertical projects that consistently exceed the investment goals of her clients.

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(02) 7587.2408

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