Congratulations! After years of hard work and saving, you are now qualified to buy the home of your dreams. Buying your first property is both stressful and exciting. Stressful because of all the responsibilities that you have to do once you enter the process of buying a home. Exciting because, well, who wouldn’t get excited with the possibility of owning your very own property?
One of the things that you have to remember when buying a new property is being financially ready enough. Home loans are the best way to go when you still don’t have enough to buy a property. Luckily, there are tons of good housing programs and coops that can help you buy your dream home right away. Here are some of them:
1. Pag-IBIG and SSS
Of course, the government has its own ways in helping the Filipino people have shelters. The new improvements on the Pag-IBIG application process and insurance can lure people into applying for loans. How to apply for a Pag-IBIG loan? Click here.
Members of SSS can also apply for a home loan. Expect further improvements on the application process in SSS too.
2. Loan from banks
Another thing that you can do is to loan money from banks. Each bank has its own application process on home loans. Shop and inquire every bank to know which one will best fit you.
3. BBB+B Program
The Bankers-Builders-Buyers (BBB+B) Program is a program of Home Guaranty Corporation (HGC), a government owned corporation that focuses on housing. BBB+B Program aims to bring buyers, bankers, and developers together to promote better housing for Filipinos. This program can assist you in all things mortgage, choosing the best property, and so on.
4. St. Martin of Tours Credit and Development Cooperative
If you’re looking for a place to get a housing loan with a small amount of interest, then you better check out St. Martin of Tours Credit and Development Cooperative (SMTCDC). SMTCDC is created for Bulakenyos who wish to get a good loan and savings for their future. Visit them to see their many loan and savings programs.
5. Ayala Coop
If you are working for the Ayala Corporation, then this one’s for you. Ayala actually has a coop for its workers where you can access to tons of loan policies that can help you buy your first home.
6. FICCO
First Community Credit Cooperative or FICCO is one of the largest coops in the country. It has 2000 members from all over the country with jobs that range from teachers, farmers, to bankers. They have been serving the Filipino people for over 60 years. One of their services include home loans, agricultural loans, educational loans, and financial loans.
Remember to never limit your options. Look for the best program that will truly fit you and your budget.
Image source: http://www.persquare.com.ph/for-sale/house-lot-central-visayas-cebu-lapu-lapu/single-detached-house-lot-in-maribago-near-bluewater-resort_118030 – Primary Homes