Bahay Para sa Bagong Bayani (3B Program)


Program crafted to improve the living condition of OFWs through the provision of shelter or improvement/ renovation on their existing abode at relaxed and flexible terms.

Eligible Borrowers

  • Same with EHL plus
  • Holding a live contract from a reputable company

Loan Purpose

  • Purchase of residential lot, house and lot, townhouse, or condominium unit
  • Construction  or  renovation  of  a residential  unit  or  residential/commercial apartment

Refinancing of existing mortgage loan

Amount of Loan

  • Minimum of P500,000 and shall be computed based on borrowing capacity of client but not more than loan value of collateral

Borrowing Capacity

  • 30% of gross monthly income of borrower and his/her spouse

 Loan Value

  • 80% of appraised value

Term of Loan

  • Maximum of 20 years, for OFWs with co-borrower, else 15 years 

Loan Security

  • REM
  • Hold-out on deposit
  • Agrarian Reform bonds

Fees and Charges

a)   Application/ Filing Fee  of  P2,000.00  (non-refundable)           

b)   Appraisal and Inspection Fees per CPI no. 2014-003 dated 12 February 2014

Pre-release charges

c)    Handling Fee of 1/10 of 1% based on amount approved                

d)   Commitment Fee of ½% of the unavailed amount

e)   Notarial Fee:   Minimum of P500.00

f)    Documentary Stamps Tax per PN

g)   Insurance Premium on MRI & Fire

h)   BIR & Registry of Deeds Registration Fees