Easy Access to Shelter You (EASY) Home Loan Program / Gintong Pabahay Program

Eligible Borrowers

  • Filipino citizen
  • 21 years old but not more than 65 years old upon loan maturity
  • With reliable  source of  income either from employment and/or business/investment
  • No CI/BI adverse findings

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 (private applicants) Govt. employee, required monthly net take home pay shall be observed per current GAA

Loan Value

  • 70% of appraised value for loans of P3.5 M and below 60% of appraised value for loans above P3.5 M

Term of Loan

Maximum of 20 years provided combined age of principal borrower and loan term shall not exceed 65

Loan Security

REM

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