Housing Loan Guide

Housing Loan Guide
by Sir Lance

Your friendly, clear, and complete guide to PH housing loans. Select your borrower type and loan type to get your personalized requirements checklist.

Step 1

Select Your Borrower Type

Choose the option that best describes you.

Employed
Local
OFW
Overseas
Self‑Employed
Business
Pensioner
Retiree
Professional
PRC Licensed
Corporation
Corporate

Step 2

Select Your Loan Type

What kind of loan are you applying for?

Acquisition
Buying a property
Construction
Building on your own lot
Loan Take‑Out
Transferring existing loan
Tie‑Up
Buying from accredited developer
Acqui‑Diff
Different collateral property
PEL
Property Equity Loan

Welcome

Welcome from Sir Lance

Hi! I'm Sir Lance, your friendly housing loan guide.

My goal is to make housing loans simple, clear, and stress‑free — walang jargon, walang pressure, and no confusion.

This guide is perfect for:

First‑time homebuyers
OFWs
Young couples
Self‑employed buyers
Pensioners
Professionals
Anyone confused about bank requirements

Loan Basics

Loan Basics

How much can I borrow?

Banks generally lend:

80–90%

For standard cases:

60%

Only for:

Rental properties Properties to be used for business

Fixing Period

How long your interest rate stays the same. After the fixing period, the rate adjusts based on the bank's prevailing interest rate.

Tax Declaration & Tax Clearance

Land and/or improvement, whichever applies

Loan Stages

Loan Stages

Your guide shows the correct stages depending on your loan type.

Pre‑Approval

Pre‑Approval Requirements

Conditional Approval

Conditional Approval

Conditional Approval means the borrower is income‑qualified.

The bank checks:

Income stability
Bank statements
Employment/business verification
Debt‑to‑income ratio
Maximum loanable amount

Final Approval

Final Approval

Final Approval is issued after:

Income Matching

Income vs Property Matching

General Rule

Your monthly amortization should be 50% or below of your monthly income.

Loan Calculator

Estimate how much you can borrow. GMIR (Gross Monthly Income Requirement) is 50% of your monthly income, minus any existing monthly amortizations. The Adjusted GMIR becomes your maximum monthly amortization for the new loan.

Loan Types

Loan Types Explained Simply

Special Cases

Special Cases

Post‑Approval Requirements

Post‑Approval Requirements

Documents needed after your loan is approved.

Let's Connect

Work with Sir Lance

If you want help with:

Checking your loan eligibility Understanding your requirements Matching your income to the right property Avoiding mistakes Getting guided step‑by‑step

Just message me anytime.

Let's talk about your housing plan.

Contact Me Back to Loan Guide

Download

Download Your Checklist

Get a PDF copy of your personalized requirements checklist.