The Developer's End-Buyers Financing Tie-up Agreement helps you buy or construct your home through an accredited developer. It also helps developers grow their business by supporting their housing projects or financing their client's home acquisition or construction, after an accreditation process.

Eligible Borrowers

Individuals/End-buyers of properties from:

• Developers with existing credit lines with LANDBANK

• Developers and their subsidiaries with no existing credit lines with LANDBANK but have passed the "Accreditation Process"

For Developers:

• Developers with existing credit lines/loans with LANDBANK

• Developers and their subsidiaries with no existing credit lines with LANDBANK must submit their duly Audited Financial Statements and must have passed the " Accreditation process"

Eligible Projects/Properties for Purchase

• Lots only

• Properties ready for occupancy

• House and lots

• Townhouse

• Condominium units

• Lot and houses for construction

Loan Purpose

Acquisition/purchase of:

• Lot

• House and lot

• Townhouse

• Condominium units

• Acquisition/Purchase of a lot and the construction of a house

• Construction of a house on a lot owned by the borrower

Loanable Amount

Up to 90% of the contract price which includes selling price, titling and taxes, or outstanding balance whichever is lower

For Socialized Housing:

• Outstanding balance which includes selling price, titling and taxes

• Loanable amount should be within the paying capacity of the borrower where paying capacity is computed at;

For Private Employees:

• 30% of the gross monthly income for private employees

For Government Employee:

• Based on the amount as required by GAA, after housing loan amortization

Tenor

• The loan shall have a maximum term of 20 years

• For Socialized Housing: Maximum of 30 years

Collateral

Real Estate Mortgage on property to be acquired from any residential projects of the accredited developers

DOCUMENTARY REQUIREMENTS

End Buyer/Borrower

• Duly accomplished loan application form with 1" X 1" photo

• Latest certificate of income and employment

• Latest Income Tax Return with BIR stamp

• Marriage Contract, if applicable

Developer:

• Photocopy of TCT/CCT

• Photocopy of tax declaration (land improvements)

• Certified Lot Plan

• Certified Location and Vicinity Map

• Latest Real Estates Tax Receipt

• Photocopy of TCT/CCTContract to Sell/Presell

• Master Deed of Restriction, in case of condominium

• HLURB Certification of Registration of Project

• HLURB Locational Clearance

Reference: Land Bank of the Philippines, official website