DOCUMENTATION PROCESS

DAYS 1 TO 7 FROM DATE OF RESERVATION

Upon reservation of your chosen unit, a welcome letter shall be given as gratitude for making DMCI Homes your choice. To facilitate the documentation process and to complete your unit's reservation transaction, you must submit the following documents to your Sales Agent: 

  1. Signed Reservation Agreement and Reservation Fee Receipt 
  2. Signed Client Registration Form
  3. Signed Computation Sheet
  4. Photocopy of either Tax Identification No. (TIN) or BIR Form 1904 
  5. Photocopy of any valid Government issued ID/s with signature
  6. Notarized Special Power of Attorney (SPA), for local accounts and Consularized SPA for international accounts (if applicable)
  7. Deed of Undertaking for international accounts (if applicable)
  8. Proof of Billing Address (must be the latest billing statement)
  9. Birth Certificate for Minors / Marriage Contract for Newlyweds without Updated IDs 

Once all requirements have been submitted, your Sales Agent shall endorse your documents and all other necessary requirements to the Documents and Inventory Control Department for the preparation of the Contract to Sell (CTS).

All documentary requirements and payments must be completed within thirty (30) days. Otherwise, your reservation will be forfeited and cancelled.

DAYS 8 TO 15

Once your documents have been properly endorsed, verification of contact information and personal details will be conducted. Once Notice of Approval has been released, it usually takes one (1) to two (2) working days to prepare your CTS. 

DAYS 16 TO 30

Your CTS is now ready to be released and you will be given fifteen (15) days to do the following: 

  1. Review and evaluate the terms and conditions in the Contract to Sell (CTS)
  2. Prepare the required number of Post-Dated Checks (PDCs) covering your:
      1. If unit is still under construction, PDCs should cover the entire down payment period
      2. If unit is ready for occupancy (RFO), minimum of 24 PDCs
      3. If chosen payment method is cash upon turnover (RFO or NON-RFO), PDCs should cover the entire down payment period and balance
      4. If chosen payment method is through bank financing, PDCs should cover the entire down payment period
      5. If payment period is under 10 years in-house financing, PDCs should cover the entire down payment and the first 5 years monthly amortization 

    Should the documents be in order, you will need to sign your CTS and return it to your Sales Agent.

RELEASE OF CTS

  • Notarized CTS: Thirty (30) days from the date of closing the sale with complete documents. 

For In-House Financing, upon clearing of the required down payment and submission of complete PDCs (60), you will be issued a Clearance for Turnover. You will then be endorsed to our Turnover Department unit inspection.


For direct bank financing, a duly accomplished loan application form with the following pre-approval requirements must be submitted to your Sales Agents, preferred accredited bank, or DMCI Homes Bank Financing Helpdesk four (4) months before the due date of the bank financing schedule for processing of your bank loan approval: 

 IF EMPLOYED WITHIN THE PHILIPPINES 

  1. Certificate of Employment (COE) stating annual salary and position
  2. Latest Income Tax Return (ITR)
  3. Pay Slips (past 2 months)
  4. Proof of Billing Address (must be the latest billing statement)
  5. Bank Statements 

IF OVERSEAS FILIPINO WORKER (OFW)

  1. POEA Authenticated Contract (seaman)
  2. COE Authenticated by Philippine Consulate (direct hired) 

IF SELF-EMPLOYED

  1. Business Name (DTI-Certified) or SEC Registration
  2. Articles of Incorporation and By-laws with SEC Registration Certificates
  3. List of Trade References (at least 3 names and contact numbers of major suppliers and/or customers)
  4. Audited Financial Statements for the past two (2) years
  5. Bank Statements for the past six (6) months
  6. Proof of Billing Address (must be the latest billing statement) 

IF PRACTICING DOCTOR 

  1. Clinic address/es and schedule
  2. Bank Statements for the past six (6) months 

IF INCOME IS FROM RENTAL OF PROPERTIES

  1. List of tenants and rental amount
  2. Complete address/es of properties being rented
  3. Bank Statements for the past six (6) months 

When approved by your bank, you will be issued a Letter of Guaranty (LOG) which must be submitted to the Financing Department.

Release of your loan normally takes five (5) to seven (7) working days from receipt of conformed LOG, settlement and submission of the following post- approval requirements: 

  1. Conformed Letter of Guaranty (LOG) and Deed of Undertaking (DOU)
  2. Signed Loan Documents
    • Deed of Assignment
    • Promissory Note
    • Real Estate Mortgage
    • Special Power of Attorney
    • Note: Signed & settled to the bank prior to the release of the Bank Guaranty (Bank Process) 
  3. Other requirements
    • Post-dated checks or Auto-Debit Agreement
    • Mortgage Redemption Insurance (MRI) - Insurance of the property to be financed:
      • For Condominiums (Fire/Earthquake insurance endorsement), policy and photocopy of the official receipt can be obtained from the Property Management office of your project
      • For completed House and Lot, insurance should be obtained from a reputable and accredited insurance company
    • Note: Signed & settled to the bank prior to the release of the Bank Guaranty (Bank Process)
  4. Payment of bank charges, which include Documentary Stamp Tax, Notarial and Mortgage Fees
  5. Developer Requirements
    • Payment for the required down payment amount based on the restructured computation sheet (if applicable)
    • Full settlement of unpaid down payment (if applicable)
    • Full settlement of miscellaneous expenses and other related costs (if applicable)
    • Full settlement of real estate tax (if applicable)
    • Signed Contract to Sell (CTS) and conformed restructured computation / Statement of Account (SOA) 
    • Note: Signed & settled to DMCI Homes prior to loan release. (DMCI Homes Process)

For Bank Financing, upon clearing of the required down payment and bank loan release, you will be issued a Clearance for Turnover. You will then be endorsed to our Turnover Department for unit inspection.

List of Accredited Banks

    • BDO
    • BPI / BPI Family
    • Chinabank / Chinabank Savings
    • HSBC
    • Malayan Bank
    • Metrobank
    • PNB
    • PSBank
    • Security Bank Savings
    • UCPB
    • RCBC Savings Bank
    • AUB (Asia United Bank)
    • Bank of Commerce
    • EastWest Bank
    • Maybank
    • Philippine Business Bank
    • Robinsons Bank

To request for change of payment terms for the balance from In-House Financing to Bank Financing, the same procedure shall be followed. However, upon submission of Letter of Guaranty (LOG) to the Financing Department, the request will be endorsed to the Credit & Collection Department for the issuance of latest statement of account & to the Remedial Department for facilitation of your restructured computation sheet, which normally takes ten (10) working days for releasing from the date of receipt. The restructured computation sheet requires your conformity within five (5) days from the date of issuance. All checks that will mature within thirty (30) days from the date we received the Letter of Guaranty will be deposited and considered in the computation as part of payments made.