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Bank Financing Requirements |
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Thursday, 03 May 2007 16:10 |
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Documentary Requirements This is a reference for the bank requirements should you choose to avail of bank financing to pay for your real estate property purchase. For Employed Applicants: - Latest ITR
- Original Certificate of Employment
- Bank Statements (6 months)
- Credit Card Statement (last 3 months)
- Photocopy of ID
- Any proof of billing receipt
- Statement of Account/ Contract to Sell/ Offer to Sell (if applicable)
For OFW's - Contract of Employment/Certificate of Employment
- Latest ITR
For Foreign Nationals - Contract of Employment
- Alien Certificate of registration
For House Construction: - Bill of materials signed by Contractor/Architect
- Building Plans
For Self Employed applicants - Certificate of Business registration( DTI, Mayor’s permit, etc.)
- Audited Financial Statement for the past 3 years
- ITR
- Bank Statements ( 6 mos.)
Collateral Documents: - Appraisal fee of P2800-5000 dependent on Bank/Financing company
- Authorization to Inspect the property
- Photocopy of TCT/CCT
- Lot plan and vicinity map
- Master Deed of Restrictions for Condominium Units
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