5 - Own Plan or Through A Developer? + Required Documents :-)

One more thing to consider is how you want to have your house. Would you like to get your own piece of land and get a good house design from your own architect? Or would you like to get a ready house from a developer?

GENERAL RULE

Resources / Budget :
OWN PLAN = If you personally know an architect and a contractor
DEVELOPER = If you have limited network for house construction

If you would be getting from a Developer, I would like to share the required documents so you can prepare ahead. :-)

IN-HOUSE REQUIRED DOCUMENTS


* IN-HOUSE - Initial Requirements
1- Latest Proof of Income
2- Complete Information in Buyer’s Information Sheet
3- Reservation Agreement (RA)
4- 3 pieces recent 1x1 I.D. Pictures
5- Marriage Contract, Birth Certificate, Or Separation Papers (if needed)
6- Community Tax Certificate or Number
7- Complete Post Dated Checks for Equity and Amortization
8- TIN
9- Contract to Sell (CTS)
10- Deed of Absolute Sale
11- Insurance Forms
12- Credit Investigation Form

* IN-HOUSE – OFW (Additional Requirements)
1- Initial Requirements
2- Job Contract
3- Passport
4- Special Power of Attorney (SPA)
5- Valid I.D. of Attorney In-Fact
6- 1 piece I.D. Picture of Attorney In-Fact
7- Attorney In-Fact Information Sheet
8- Residence Certificate of Attorney In-Fact

* IN-HOUSE – Self-Employed (Additional Requirements)
1- Initial Requirements
2- Affidavit of Income
3- Business Name and Permit
4- Passbook with 3 months Maintaining Balance
5- ITR

PAG-IBIG REQUIRED DOCUMENTS


* PAG-IBIG - Initial Requirements
1- 3 pieces recent 1x1 I.D. Pictures
2- Membership Status Verification Slip (MSVS)
3- Counseling (pro-friends and PAG-IBIG)
4- Valid ID with Picture
5- Residence Certificate or Cedula
6- Marriage Contract, Birth Certificate, or Separation Papers
7- TIN
8- Proof of Billing Address
9- Proof of Income (for more than 750,000 loan amount)
        • Certificate of Employment with Compensation
        • ITR
        • 3 Months Payslip
10- PDC for Equity, Monthly Amortization, & RPT
11- Confirmation Letter / MA Schedule
12- BIS
13- RA Form
14- Addendum to CTS
15- Disclosure Statement (FLH 150)
16- Certificate of House and Lot Acceptance / Completion
17- Contract to Sell (CTS)
18- Deed of Absolute Sale
19- Promissory Note
20- Loan Mortgage Agreement
21- PAG-IBIG Housing Loan Application Form
22- Deed of Reconveyance
23- Deed of Assignment w/ SPA

* PAG-IBIG - OFW (Additional Requirements)
1- Initial Requirements
2- Job Contract
3- Passport
4- Special Power of Attorney (SPA)
5- Valid I.D. of Attorney In-Fact
6- 1 piece I.D. Picture of Attorney In-Fact
7- Attorney In-Fact Information Sheet
8- Residence Certificate of Attorney In-Fact

* PAG-IBIG - Self-Employed (Additional Requirements)
1- Initial Requirements
2- Affidavit of Income
3- Business Name and Permit
4- Passbook with 3 months Maintaining Balance
5- ITR

 BANK REQUIRED DOCUMENTS


* Bank - Initial Requirements
1- Dully filled up and signed application form
2- ID Pictures
3- CTC
4- Marriage Contract (when applicable)
5- Photocopy of (2) Valid ID’s
6- Proof of Billing (UCPB)

* Bank - OFW (Additional Requirements)
1- POEA Contract for sea-based workers
2- Consularized Certificate of Employment for land-based workers / Original COE with e-mail address of the person who issued COE for verification
3- Consularized Special Power of Attorney (Bank Form)
4- Copy of latest passport
5- Proof of Remittances (Robinsons)
6- Contract of Employment (Robinsons)

* Bank – Locally Employed (Additional Requirements)
1- Latest copy f COE indicating salary, position, and length of employment
2- Latest ITR
3- Latest one month Payslip (Robinsons)
4- Credit Card Statement for the past 3 months (Robinsons)

* Bank - Self-Employed (Additional Requirements)
1- Certificate of Registration with SEC or DTI
2- Current Business Permit
3- Audited Financial Statement (3 years)
4- ITR (3 years)
5- List of trade references (at least 3 names with contact numbers of major suppliers / costumers)
6- Bank Statement (latest 6 months)
7- Credit Card Statement for the past 3 months (Robinsons)

* Bank - Self-Employed Professionals (Additional Requirements)
1- PRC ID or equivalent
2- ITR for the past 3 years
3- Bank Statement (latest 6 months)

* Bank – If From Rental of Property (Additional Requirements)
1- Notarized Lease Contract
2- Copy of TCT / CCT

*** ALL DETAILS APPEARING HEREIN ARE FOR BLOGGING PURPOSES ONLY, DO NOT CONSTITUTE PART OF ANY INFORMATION AND SUBJECT TO CHANGE WITHOUT FURTHER NOTICE ***