Own a Philippine Home Loan (OPHL)

Frequently Asked Questions

How long does it take to process an Own a Philippine Home Loan?
From the time you submit the complete documents and send it to our PNB Los Angeles or New York branch, it will take about 3 weeks to have your loan approved by PNB head office.
Where can I apply for an OPHL Loan?
PNB Own a Philippine Home Loan is available at PNB Los Angeles and PNB New York branch. Click here for contact details.
How will I know that my loan has been approved?
PNB branch in the US will send an approval letter to your declared address. You can also call or email the branch to know the status of your application.
How much is the processing fee?
You can refer to the OPHL requirements page for the related fees.
Where can I get the list of requirements and application form?
To view the list of requirements, click here. For the application form, click here to download.
Who can I talk to about PNB's Own a Philippine Home Loan Program?
You may contact our PNB personnel for your inquiries regarding PNB's Own a Philippine Home Loan Program. Our banking hours are from Monday to Friday from 9:00 am to 3:00 pm. Our contact details are as follows:

Attn: Bus. Development Officer
PNB Los Angeles
3435 Wilshire Blvd., Ste 104
Los Angeles CA 90010
If I have already purchased a house and lot and currently paying for mortgages in the Philippines, can I still avail of the “Own a Philippine Home Loan” ?
Yes. PNB's Own a Philippine Home Loan can be used to refinance existing Peso mortgages. Refinancing through PNB's program will usually result in a lower interest rate and lower monthly amortization.

We can refinance your existing peso mortgage loans up to 100% of the outstanding balance of the loan provided that the outstanding balance does not exceed 80% of the appraised value.
What if I am a Filipino citizen but my husband/wife is not? Are we eligible to purchase property with your loan program?
Yes. However, under Section 7, Article XII of the Philippine Constitution, foreigners may not acquire private land. Therefore, title to the property will be in the name of the Filipino spouse. For condominium units, the certificate of title may be in the name/s of the Filipino and/or the Non-Filipino spouse.
We want the house and lot to be in the name of our mother in the Philippines but we, her children, wish to borrow and pay the loan here in the U.S. Can we avail of your loan?
Yes. But your mother would have to sign the loan as a "Grantor of Collateral". This means that although she is not the borrower and does not have to pay back the loan if her children defaulted, she is authorizing the use of the property she owns as "collateral" and is fully aware of the risk of foreclosure on the property if her children do not repay the loan.
Is this loan open only to residents of the United States?
Yes.
What if I am a temporary worker in the U.S. on a temporary working visa (H1/J1), can I purchase property under your program?
The answer to this shall be determined on a case to case basis, depending on the prospective stability of U.S. employment, the current and future assets of the borrower and other factors. In general, the intent of this program is for Filipinos and foreigners permanently working in the United States to purchase real estate properties in the Philippines. It is this stable stream of future dollar income which the bank shall look to as its primary source of repayment on the loan.
What if I'm a former Filipino citizen who has now become an American citizen, what kind of property may I purchase under your program?
As a former Filipino citizen, you are entitled to purchase private real estate with a maximum of 1,000 square meters. Foreigners, on the other hand, or children born in the United States from Filipino parents are entitled to purchase condominium properties wherein common areas are owned by the condominium corporation only.

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Exchange Rates

Rates may change without prior notice.

Buying a home? Check out PNB LA's OPHL Program.

TEMPORARY CHANGE IN BANKING SCHEDULE

To our Valued Clients,

In the interest of public health and safety, PNB Los Angeles Branch will temporarily suspend operations during Saturdays effective March 21, 2020 until further notice.

We are still OPEN Monday to Friday from 9am-3pm to serve your banking needs.

Thank you for your continued patronage.

INCREASE IN SERVICE FEES FOR US DIRECT DEPOSIT ACCOUNTS

Dear Valued Client,

Please be advised of the increase of service charge for the crediting of monthly pensions for all PNB DIRECT DEPOSIT PESO Accounts as follows:

FROM	TO
$7.00	$8.00

Note: Service charge for PNB Direct Deposit US Dollar Account remains the same at $10.00.

New charges take effect January 2, 2020.

Thank you.

SSS CONTRIBUTION PAYMENTS

To our Valued Clients,

Enjoy real-time posting of your contributions to your SSS records. Simply present a valid PRN (payment reference number) when making contribution payments.

Please visit www.pnb.com.ph/obps-sss for more information on the SSS payment process.

Thank you.

RELOCATION ANNOUNCEMENT

In line with the continuing thrust of PHILIPPINE NATIONAL BANK to serve its customers better, effective April 29, 2019, PNB LOS ANGELES BRANCH have moved to 3435 Wilshire Blvd., Ste 104 Los Angeles, CA 90010.

Thank you.

SYSTEM ENHANCEMENT

As part of our efforts to serve you better,PNB continues to enhance our systems. We shall inform customers of any scheduled system enhancement activity.

For concerns or inquiries, you maycontact your PNB overseas branch.

Thank you for banking with PNB.

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3435 Wilshire Blvd. Ste 104
Los Angeles Ca 90010