What are the Standard Requirements When Buying Installment Property from the Developer?

The following are the requirements when buying an installment housing from the developer:

1.) 2 Government issued valid ID with 3 specimen signature (Husband and Wife – if married)
2.) Proof of Income:
For Locally Employed: Latest Payslip & Or ITR.
For OFW: Latest JOB Contract or Certificate of Employment with indicated Salary.
For Self Employed: DTI & or Business Permit, BIR Certificate of Registration, ITR and latest Bank Statement.
3.) Photocopy of Birth Certificate and Marriage Contract (if married)
4.) 1×1 or 2×2 picture.
5.) Any applicable proof of billing. (This requirement is applicable for Pag-ibig and Bank Financing)
6.) Tin Verification Slip. [Click here on how to verify TIN]
7.) SPA for the OFW

Requirements for the monthly equity or downpayment:
– Checking account. Some developer has Auto Debit Arrangement facility, ask your Real Estate Broker / Salesperson to assist you.

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