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If you want to purchase your first home easier, secure all the important documents as early as now! Skip the last minute hassle of filing for documents in government agencies or banks. Aside from keeping yourself off the hassle, this gives you ample time to think and rethink your house purchase. Most of all, this prevents you from getting into trouble later on, especially in terms of your finances.
When getting a house from BellaVita, here are some of the most important documents to secure ahead of your purchase.
What are the primary requirements?
Regardless of your employment status, you need to prepare the following documents for your house purchase at BellaVita. This also applies to co-borrowers and attorneys-in-fact.
Note that the list may still vary depending on your situation. Always consult your real estate agent about this. Generally, the primary requirements include:
- Valid IDs (at least 2 government-issued IDs)
- 4 pcs 1 x 1 picture with a name tag
- Birth Certificate
- Marriage Certificate (if applicable)
- Proof of Billing (utility bills like electricity, water, and internet)
- House sketch
- PDCs for the monthly down payment
- Validated TIN (Form 1904)
- Authorized Representative (RS state only)
- Joint Solidary Undertaking (JSU)
- Consularized/ Notarized Special Power of Attorney (SPA)
- Auto-Debit Agreement (ADA)
- Bank Application Form if thru Bank Financing
- MSVS (Membership Verification Slip) if thru Pag-IBIG
- HDMF Loan Application Form
What are the income documents needed?
Not all Filipinos have the same employment type, so the required income files may vary. As a general classification, BellaVita divides this into three categories. These are:
For locally employed:
- Certificate of Employment and Compensation
- Latest 3 Months payslips
- Latest Income Tax Return (ITR)
For self-employed:
- DTI/ Business Permit
- Mayor’s Permit
- Latest 2 years ITR
- Latest 2 years audited financial statements
- Latest 6 months bank statements
- List of customers and clients with the contact number
- Company profile (if applicable)
For OFWs:
- Certificate of Employment and Compensation (COEC)
- Contract of Employment or Job Contract
- Latest 3 months payslips
- Latest 3 months Proof of Remittance
- Bank statements (if payslips aren’t available)
- Copy of Passport Entries
- Consularized/ Notarized Special Power of Attorney (if the spouse is based abroad)
Of course, these may still vary depending on your circumstance. For a more detailed list of required income documents, always ask your real estate agent. They’re friendly and very helpful to any of your concerns.
