Housing loan requirements may be vary depending on the banks and lending institutions. Here are some checklist to provide your insight of the documents you have to prepare when planning to avail housing loan.
- Bank Housing Loan Application Form
- Two (2) valid identification cards
- If married, both spouses need to sign on the application form
- It with co-borrower or co-mortgage, separate form is needed
- Certificate of Employment and Compensation
- Latest or Recent Income Tax Return (ITR)
For Overseas Worker
- Contract or Certificate of Employment authenticated by Philippine Consulate
- Proof of monthly remittances
- Notarized or authenticated Special Power of Attorney
- Crew Contract and Exit Pass validated by POEA for seaman
For Practice of Profession
- Clinic Address / Schedule and contact numbers for Doctors
- Bank Statement for the last 6 months
For Self-Employed
- SSS / GSIS / Driver’s License / PRC License
- DTI Registration / SEC Registration
- Income Tax Return with Statement of Assets and Liabilities
- List of Trade References at least 3 names with phone number of major suppliers/customers
- Bank Statements for the past 6 months
- Articles of Incorporation and By-Laws with SEC Registration Certificate
For Collateral
- Clear Copy of Owner’s Duplicate Copy of TCT / CCT
- Lot plan with Location or Vicinity Map duly certified by licensed Geodetic Engineer
- Tax Declaration photocopy / Tax Receipts or Tax Clearance
- Endorsement Letter / Computation sheet
- Contract to Sell from developer stating the contract price for accredited developer or project