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    The Government of the Philippines has so many subsidies given to all OFW who are working tirelessly abroad. Now the government has come up to give home loan subsidies which intended for all OFW only.

All your dreams are few steps closer with this "Bahay para sa Bagong Bayani" is program design by the government for all OFW who are dreaming of having their own house.

How to avail this Bahay Para sa Bagong Bayani?

Eligible Borrowers

Filipino citizens
OFWs holding a live contract from a reputable company
21 years old but not more than 65 years of age upon loan maturity
Clear of adverse credit finding with other creditors

Eligible Loan Purpose
Purchase of:
Residential Lot
House and Lot
Residential Units/Condominium/Townhouse
Construction/improvement or renovation of existing residential unit owned by OFW
Refinancing of an existing housing loan of the OFW on "CURRENT" status
Assumption by an OFW an existing housing loan by another borrower either with LANDBANK or another creditor

Loan Amount
Lowest of the paying capacity of the OFW or loan value of collateral with a loan value of 80% provided that:
Financing will be for the principal residence or dwelling of the borrower OFW; and
The title should be under the name of the OFW

20 years: for OFW with co-borrower
15 years : for OFW without co-borrower

Primary, the Object of Financing or separate prime property if warranted
Others that may be accepted in addition to the object of financing:
Deposit with Hold-out

Interest Rate

Variable: Based on the posted rates at the time of availment
Subject to yearly repricing1
Fixed: Based on posted rates at the time of availment2
2-3 years
4-5 years
6-7 years
8-10 years
11-15 years
16-20 years
For Socialized Housing: 1% below the posted EHL rates at the time of availment subject to annual repricing

1 , 2 Applicable to EHL, END-BUYER'S TIE-UP and 3B
3 Applicable to END-BUYER'S TIE-UP only


For Credit Analysis:
Duly accomplished loan application form with 1" X 1" photo
Copy of employment contract

For Appraisal:
Photocopy of TCT/CCT
Photocopy of Tax Declaration (land improvements)
Latest Real Estate Tax Receipts
Certified by a Geodetic Engineer
Lot Plan
Location and vicinity map

For Construction and Renovation:
Photocopy of TCT/CCT

for more information may visit or may visit the nearest Land Bank of the Philippines branch.


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