Step#1 Reservation Requirement
A. Accomplishing Your Client Registration Form (CRF)
B. Preparing the Computation Sheet Your PC will now prepare a Standard Computation Sheet for you. Please mention to your PC if you will be requesting for Special Payment Terms, so your PC may endorse you to the proper channels. Production of the computation sheet for Special Payment Terms will take a maximum of 3 working days from date of receipt.
C. Signing the Reservation Agreement Once you have decided on the payment terms, your PC will help you accomplish your Reservation Agreement (RA). This takes 3 days to be approved. Upon approval, your PC will assist you with the payment of your Reservation Fee (RF), which is valid for only 30 days. A provisional receipt will be issued to you upon payment. The reservation is non-refundable and is valid for 30 days only. To complete your reservation, the following documents must be submitted within the said 30 days:
- Accomplish the Client Registration Form (CRF) provided by your Property Consultant (PC) and forward it to the Head Office for evaluation.
- When your registration is approved, you may now choose which project and unit you wish to purchase.
- Once your PC verifies the availability of your desired unit, you may now make an official reservation.
B. Preparing the Computation Sheet Your PC will now prepare a Standard Computation Sheet for you. Please mention to your PC if you will be requesting for Special Payment Terms, so your PC may endorse you to the proper channels. Production of the computation sheet for Special Payment Terms will take a maximum of 3 working days from date of receipt.
C. Signing the Reservation Agreement Once you have decided on the payment terms, your PC will help you accomplish your Reservation Agreement (RA). This takes 3 days to be approved. Upon approval, your PC will assist you with the payment of your Reservation Fee (RF), which is valid for only 30 days. A provisional receipt will be issued to you upon payment. The reservation is non-refundable and is valid for 30 days only. To complete your reservation, the following documents must be submitted within the said 30 days:
- Signed reservation agreement indicating terms of payment
- Photocopy of valid ID: One (1) if ID is issued by the government and at least two (2) for non-government issued IDs.
- If applicable, a Special Power of Attorney: If the buyer is out of the country, it has to be consularized.
- Valid ID of the Special Power of Attorney holder
- Tax Identification Number (TIN)
- Community Tax Certificate Number (CTC)
Step#2 Payments and Financing
There are three available payment terms for purchasing your DMCI Home:
Based on the terms of payment agreed upon on your reservation agreement or your Contract to Sell, you'll be required to begin paying your down payment 30 days after the reservation date.
Minimum down payment required:
from the 16-22nd day of the month, the down payment is due every 22nd of the month . Meanwhile, if the reservation date is from the 23rd to the end of the month, the down payment is due on the 30th of the month or 28th if February.
AVAILABLE MODE OF PAYMENTS ARE:
1. For Mid-Rise Condominium minimum of 10% up to 30% Downpayment
2. For High-Rise Condominium minimum of 20% up to 30% Downpayment
3. Cash Payments with 10% Discounts
Post dated checks, to cover monthly amortization for Pre-Selling Projects (Maximum of sixty [60] or Minimun of twenty four [24] checks for Ready for Occupancy Projects). Local buyers are required to issue post dated checks.
- Cash
- In-house financing, with a maximum term of 10 years
- External financing
- Bank
A. For Cash Payment Cash payments are available for all DMCI Homes Projects. These are full payments made within 30 days from date of reservation. There is no down payment requirement for cash payments. Once you have paid the reservation fee, you may proceed to the documentation of your purchase and unit.
B. For In-House Financing Our In-House Financing scheme offers you manageable terms and conditions when paying for your home. It is available for all projects at various payment terms that are payable in 1, 2, 3, 4, 5, and 10 years. The required down payment for DMCI Homes projects normally ranges from 10% to 50%.
C. For Direct Bank Financing Direct, Bank Financing is available only through the following accredited banks:
- BDO
- BPI Family Bank
- PNB
- UCPB
- EASTWESTBANK
- CHINABANK
- PSBANK
- ASIAN UNITED BANK
- MAYBANK
- SECURITY BANK
- METROBANK
- HSBC
- RCBC
Based on the terms of payment agreed upon on your reservation agreement or your Contract to Sell, you'll be required to begin paying your down payment 30 days after the reservation date.
Minimum down payment required:
- Mid-rise condominium units 10%
- High-rise condominium units 20%
- Lot and House & Lots 20% to 30%
from the 16-22nd day of the month, the down payment is due every 22nd of the month . Meanwhile, if the reservation date is from the 23rd to the end of the month, the down payment is due on the 30th of the month or 28th if February.
AVAILABLE MODE OF PAYMENTS ARE:
1. For Mid-Rise Condominium minimum of 10% up to 30% Downpayment
- 10%DP – 90% Balance with 2% Discount
- 15%DP – 85% Balance with 2.5% Discount
- 20%DP – 80% Balance with 3% Discount
- 30%DP – 70% Balance with 4% Discount
- 40%DP – 60% Balance with 5% Discount
2. For High-Rise Condominium minimum of 20% up to 30% Downpayment
- 20%DP – 80% Balance
- 30%DP – 70% Balance with 4% Discount
- 40%DP – 60% Balance with 5% Discount
- 50%DP – 50% Balance with 6% Discount
3. Cash Payments with 10% Discounts
Post dated checks, to cover monthly amortization for Pre-Selling Projects (Maximum of sixty [60] or Minimun of twenty four [24] checks for Ready for Occupancy Projects). Local buyers are required to issue post dated checks.
Step#3 How to Prepare your Documentary Requirements
A. How To Make A Cash Payment for Ready For Occupancy and Pre-Selling Projects.
1. Within Days 1-2 (from Reservation Date)
To complete the reservation transaction of your unit, you must submit the following documents to your PC to facilitate the documentation process:
2. Within Days 7 to 15 (from Reservation Date)
Once your documents have been properly endorsed, it will usually take 2 to 4 business days to prepare your DOAS or CTS. While your DOAS or CTS is being drafted, we will send you a copy of the Reservation Agreement and our Welcome Letter to thank you for choosing DMCI Homes and to remind you that all documentary requirements and payments must be completed within the 30-day timeframe.
3. Within Days 16 to 30 (from Reservation Date)
At this time, your Deed of Absolute Sale will be released to you. You will be given to review the Deed Of Absolute Sale or Contract to Sell.
When the documents are in order, you will need to sign and return these to your PC.
When the full payment has been cleared, you will be issued a Clearance for Turnover for Ready for Occupancy condo. You will then be endorsed to our PMO-Turnover Group so you can inspect your unit.
B. How To Use In House Financing
1. Within Days 1 to 7 (from Reservation Date)
To complete the reservation transaction of your unit, you must submit the following documents to your PC to facilitate the documentation process:
- One ID only if Government Issued
2. Within Days 7 to 15 (from Reservation Date)
Once your documents have been properly endorsed, it will usually take 2 to 4 business days to prepare your CTS. While your CTS is being drafted, we will send you a copy of the Reservation Agreement and our Welcome Letter to thank you for choosing DMCI Homes and to remind you that all documentary requirements and payments must be completed within the 30-day timeframe.
3. Within Days 16 to 30 (from Reservation Date)
At this time, your CTS will be released to you. You shall be given to do the following:
When the required down payment has been cleared, you will be issued a Clearance for Turnover. You will then be endorsed to our PMO-Turnover Group so you can inspect your unit.
C. How To Use Direct Bank Financing
1. Once you have chosen your preferred bank from the list of DMCI Homes accredited banks, your PC will secure an application form that you will need to fill out.
2. Your PC will closely coordinate with you on the bank requirements you will need to submit once you have duly accomplished the application form. The following are the list of requirements required by most banks:
a. Information on Personal Data and Income
If Employed (within the Philippines)
3. After submitting your requirements to your PC, you will wait for notification of loan approval from your PC, which normally takes 10 to 15 working days.
4. Once you have secured the bank’s loan approval, kindly submit the following requirements:
a. Signed bank loan documents
- For Condominiums, Fire/Earthquake Insurance endorsement, policy and photocopy of the Official Receipt can be obtained from the Office of the Property Manager.
- For Completed House & Lot, Townhouse, insurance should be obtained from a reputable / accredited insurance company.
c. Pay bank charges:
d. Our finance department will require the following requirements:
5. Please wait for the release of loan proceeds, which normally takes 10 to 15 working days from receipt of LOG from settlement of post-approval requirements.
Other Reminders:
1. Within Days 1-2 (from Reservation Date)
To complete the reservation transaction of your unit, you must submit the following documents to your PC to facilitate the documentation process:
- Your signed Reservation Agreement and Reservation Fee Receipt
- Signed Computation Sheet
- Photocopy of Passport
- Either a photocopy of your Tax Identification No. (TIN) or BIR Form 1904
- Photocopy of one (1) valid Government Issued ID
- Notarized Special Power of Attorney (SPA), if applicable
- Proof of Billing Address.
2. Within Days 7 to 15 (from Reservation Date)
Once your documents have been properly endorsed, it will usually take 2 to 4 business days to prepare your DOAS or CTS. While your DOAS or CTS is being drafted, we will send you a copy of the Reservation Agreement and our Welcome Letter to thank you for choosing DMCI Homes and to remind you that all documentary requirements and payments must be completed within the 30-day timeframe.
3. Within Days 16 to 30 (from Reservation Date)
At this time, your Deed of Absolute Sale will be released to you. You will be given to review the Deed Of Absolute Sale or Contract to Sell.
When the documents are in order, you will need to sign and return these to your PC.
When the full payment has been cleared, you will be issued a Clearance for Turnover for Ready for Occupancy condo. You will then be endorsed to our PMO-Turnover Group so you can inspect your unit.
B. How To Use In House Financing
1. Within Days 1 to 7 (from Reservation Date)
To complete the reservation transaction of your unit, you must submit the following documents to your PC to facilitate the documentation process:
- Your signed Reservation Agreement and Reservation Fee Receipt
- Signed Computation Sheet
- Photocopy of Passport
- Either a photocopy of your Tax Identification No. (TIN) or BIR Form 1904
- Photocopy of valid IDs
- One ID only if Government Issued
- Notarized Special Power of Attorney (SPA), if applicable
- Proof of Billing Address
2. Within Days 7 to 15 (from Reservation Date)
Once your documents have been properly endorsed, it will usually take 2 to 4 business days to prepare your CTS. While your CTS is being drafted, we will send you a copy of the Reservation Agreement and our Welcome Letter to thank you for choosing DMCI Homes and to remind you that all documentary requirements and payments must be completed within the 30-day timeframe.
3. Within Days 16 to 30 (from Reservation Date)
At this time, your CTS will be released to you. You shall be given to do the following:
- Review and evaluate the terms and conditions in the Contract to Sell (CTS)
- Prepare the required number of Post-Dated Checks.
When the required down payment has been cleared, you will be issued a Clearance for Turnover. You will then be endorsed to our PMO-Turnover Group so you can inspect your unit.
C. How To Use Direct Bank Financing
1. Once you have chosen your preferred bank from the list of DMCI Homes accredited banks, your PC will secure an application form that you will need to fill out.
2. Your PC will closely coordinate with you on the bank requirements you will need to submit once you have duly accomplished the application form. The following are the list of requirements required by most banks:
a. Information on Personal Data and Income
If Employed (within the Philippines)
- Certificate of Employment (COE) indicating annual salary and position
- Latest Income Tax Return (ITR)
- Pay slips (last two months)
- Proof of Billing Address (e.g. Meralco, credit card, etc.)
- If Overseas Filipino Worker (OFW)
- POEA Authenticated Contract (seaman)
- COE Authenticated by Philippine Consulate (direct-hired)
- If Self-Employed
- Business Name (DTI) or SEC Registration
- Articles of Incorporation and By-laws with SEC Registration Certificates
- List of Trade References (at least 3 names & telephone numbers of major suppliers &/or customers)
- Audited Financial Statements for the past two years
- Bank Statement for the last six months
- Proofs of billing address (e.g. Meralco, credit card, etc.)
- Clinic address/es and schedule
- Bank Statement for the last six months
- If Income is from Rental of Properties
- List of tenants and rental amounts
- Complete address/es of properties being rented
- Bank Statement for the last six months
- Two (2) clear photocopy sets of Transfer Certificate of Title (all pages including blank pages with the book and page/volume number indicated on the front page)
- Photocopy of Condominium Certificate of Title (CCT)
- Certificate of Consent and updated payment of Monthly Dues from Condo Corp.
3. After submitting your requirements to your PC, you will wait for notification of loan approval from your PC, which normally takes 10 to 15 working days.
4. Once you have secured the bank’s loan approval, kindly submit the following requirements:
a. Signed bank loan documents
- Deed of Assignment, promissory note, Real Estate Mortgage, Special Power of Attorney, etc.
- Express conformity to the Letter of Guarantee (LOG)
- Post-dated checks
- Mortgage Redemption Insurance (MRI)
- For Condominiums, Fire/Earthquake Insurance endorsement, policy and photocopy of the Official Receipt can be obtained from the Office of the Property Manager.
- For Completed House & Lot, Townhouse, insurance should be obtained from a reputable / accredited insurance company.
c. Pay bank charges:
- Documentary Stamp Tax
- Notarial Fees
- Mortgage Fees
d. Our finance department will require the following requirements:
- Issue post dated checks (PDC) payable to the Developer to cover the down payment/equity portion
- Settle unpaid equities
- Settle transfer fees to the Developer/PC
- Sign Contract to Sell/Deed of Sale
5. Please wait for the release of loan proceeds, which normally takes 10 to 15 working days from receipt of LOG from settlement of post-approval requirements.
Other Reminders:
- Your PC should ensure that documents are submitted to the Finance Department within thirty (30) days from your reservation date. If your documents are submitted after 30 days from your Reservation date, your account will automatically be converted to In-House financing.
- Target drawdown date is within 60 days from reservation date or 30 days after full payment of required DP.
Download Buyers Guide
-At DMCI Homes, we are looking forward to assist you at your most convenient time, simply fill the inquiry form or set an appointment, so we can make a good arrangement in advance.
| local-buyers-doc.pdf |
