18/07/2016
--------------* FINANCING SCHEME *--------------------------------------------------------------------------* REQUIREMENTS OF BUYERS/CLIENTS: ------------------* A] IN-HOUSE FINANCING: ------------------* (For Individual): a) If employed: 1month pay slip, b) If an OFW: Contract of Employment, c) If self-employed: Business Permit & Latest Income Tax Return (ITR) of the business, d) If married: Photocopy of at least (2) valid Government issued ID with picture and clear signature of spouse, e) Ifforeinger: Alien Certificate of Registration.(ACR) & passport.--------------* (For Corporations/Partnerships) ; a) Photocopy of Articles of Incorporation / Partnership, b) Secretary's Certificate authorizing the acquisition of the property, and the authorized.signatories to sign all documents, c) Latest Financial Statement.-------------------------------------------------------------------------* B] BANK.FINANCING: -----------------------* (Standard Requirements) ; a) Housing Loan Application Form (duly accomplished & signed, b) 1 each 2x2 picture of borrower & spouse (if applicable), c) Photocopy each of 2 valid ID's of borrower and spouse (if applicable), d) Marriage Contract (if applicable).----------------------------------------------* BANK PROVIDED FORMS: a) Loan Mortgage Agreement, b) Promissory Note, c) Disclosure Statement, d) Mortgage Redemption Insurance, e) Collateral Authorization, f) Specially Power of Attorney ( if applicable). ----------------------------------* COLLATERAL REQUIREMENTS: IF EMPLOYED: a) Certificate of Employment, indicating position, tenure & monthly salary, b) LatestIncome Tax.Return, c) Latest three (3) months pay slip, d) Latest six (6) months Bank statement.---------------------------------* IF ENGAGE IN BUSINESS: a) DTI / SEC Registration/Mayor's Permit, b) Articles of incorporation & By-laws, c) Three (3) years Audited Financial Statement, d) Latest two (2) year Income Tax Returns, e) Latest six (6) months Bank Statements, f) Company Profile / Business Background, g) List Customers & Suppliers, with contact numbers.----------------------------------------* IF OVERSEAS FILIPINO WORKER: a) Certificate of employment, indicating position, tenure & monthly salary & fixed allowance if any, b) Latest income Tax Return , If applicable, c);Latest three (3) months payslip, d) At least three (3) months proof of remittances, e) POEA Contract,.if applicable, f) Latest three (3) months Bank Statement, g) Working VISA or Green Card or immigrant Visa.----------------------------* IF PROFESSIONAL: a) PRC Licence, b) Latest 2years income Tax.Returns, c) Latest 2years Audited and In-House.Financial Statements, d) Latest.three (3) months Bank Statement. ------------------------------------------------------------------------------------------* C] PAG-IBIG FINANCING: ------------------* DOCUMENTARY REQUIREMENTS UPON LOAN APPILACATION: a) Housing Loan Application (2copies) with recent ID photo of borrower, b) Membership Status Verification Slip (MSVS), c) Income Documents: -------------------------------------* Locally Employed (any of the following); 1).Notarized Certificate of Employment & Compensation & latest 1month payslip,.2) Income Tax Return / Certificate of Tax with held (BIR Form 2316 ) & latest 1 month payslip.--------------------------* Self- Employed (any of the following) ; a) ITR, Audited Financial Statement & Official Receipts of tax payment from bank supported with DTI Registration & Mayor's Permit / Business Permit, b) Commission Vouchers reflecting reflecting the issuer's name & contact details, c) Bank Statement or passbook for the last 12 months (in case income is sourced from foreign remittances, pensions, ect., d).Copy of lease Contract & Tax Declaration (if income is derived from rental payments), e) Certified True Copy of Transport Franchise issued by appropriate government agency (LGU.for tricycles, LTFRB for other.Public Urility Vehicle or PUV's), f) Certificate of Engagement issued by owner of business, g) Other documents that would validate source of income.--------------------------------* OFW (any of the following) ; a) Employment Contract (with English Translation.if in foreign language), b) Original Employer's Certificate of income (with English translation if foreign language); If document submitted is photocopy , it shall be duly validated & certified / initiated by HDMF Information Officer assigned in the country where the member works, c) Photocopy (back to back) of one (1) Valid primary ID of Principal Borrower & Spouse, Co-borrower & Spouse, and attorney in-Fact, if applicable, d) For OFW members, Special Power of Attorney notarized to date departure or duly certified and authenticated by the Philippine Imbassy or Consulate in the country where member is staying, e) Marriage Contract, f) Birth Certificate.--------------------------------------------------------------------------* DOCUMENTARY REQUIREMENTS PRIOR TO LOAN RELEASE: a) Proof of Billing Address.
