Housing Loan Application List of Requirements

Checklist of Pre-Processing Requirements

1. Locally Employed

• Latest COE

• Latest 3 months pay slip

• Latest ITR

• Authorization letter to verify employment

a. Other Income Docs

• Bank statements of payroll account, with authorization letter to verify

b. Commission-Based

• Certificate of employment stating commissions received prior year/months/period and Commissions Receivable, if any

• Bank statement where commission is credited, with authorization letter to verify

c. Foreigners

• Filipino spouse to act as primary borrower

2. Pensioner

• Certificate of Pension, with authorization letter to verify

• Bank statements of pension account, with authorization letter to verify

• SSN

3. OFWs

• Latest Contract, with authorization letter to verify

• Proof of bank remittance, with authorization letter to verify

• Details of crewing manager for seafarers

• Attorney-in-Fact / loan administrator (preferably a next of kin); full name, contact details, mailing address and valid government IDs

4. Self-Employed

• Valid DTI Registration or Mayor’s Permit

• Latest ITR with audited financial statements

• Working account (6mos) with authorization letter to verify

• Trade references with complete contact information (business name, complete address, contact person, business phone number) * Major suppliers (at least 3) * Major clients (at least 3)

• Authorization letter to conduct trade verification

a. Additional for part owners of a Partnership/Corporation:

• Individual ITR

• Payroll account where claimed salaries are credit, with authorization letter to verify

b. Additional for rental properties:

• Copy of TCTs/CCTs

• Copy of valid and notarized lease contracts Additional for transport business:

• Copy of LTFRB franchise decision of all units

• Copy of OR and CR of all units

• Authorization letter to conduct franchise verification with LTFRB

• Copy of valid ID of franchise owner

5. Practicing Professionals

• Working account with authorization letter to verify

• Latest ITR with audited financial statements

• Clinic/office address with complete contact details (as applicable)

Collateral Documents

• Photocopy of Owner's Duplicate Copy of the Condominium Certificate of Title or Transfer Certificate of Title (as applicable)

• Photocopy of the updated Tax Declaration, Tax Clearance, Tax Receipt

• Signed Authorization Letter for Tax Mapping and Inspection of Property (for properties in secondary market)

• Photocopy of notarized Contract-to-Sell or Offer-to-Sell from registered owner of property (for private sellers)

• Photocopy of notarized Contract-to-Sell / Letter of Endorsement / Official Computation Sheet from developers (for accredited developer tie-up properties)

• Appraisal Fee (for un-accredited projects)

• Non-refundable appraisal fee of Php 5,000 (inclusive of title verification)

• Photocopy of latest Statement of Account with existing mortgagor (for refinancing)

• Complete set of Building Plan, Bill of Materials, Scope of Work/Cost Estimates (for construction loan)

  SOURCE: https://www.bpi.com.ph/housingloan/requirements?fbclid=IwAR1jczhNWaqaExprqEw-a_SNW7HtWm6O0lf8bViEdFnO5ynb2sdsD9uQsPw

  TO KNOW MORE ABOUT THIS KINDLY CONTACT

  Maica Castillo

  iamdrivenmaica@gmail.com

  09760077327 (viber)