• Home Loan Program
• OPHL Features
• OPHL Requirements
• How to Apply?
• Application Forms
• Frequently Asked Questions
• Contact Us
• Accredited Developers

Home Loan Program

Frequently Asked Questions

1. 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.

2. 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.

3. 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.

4. How much is the processing fee?

   You can refer to the OPHL requirements page for the related fees.

5. 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.

6. 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 and Saturdays at 9:00 am to 1:00 pm. Our contact details are as follows:

   Philippine National Bank
   New York Branch - Manhattan
   561 7th Ave. 2nd Floor, New York, NY 10018
   Tel: (212) 790-9600
   Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

   Philippine National Bank
   New York - Queens Extension Office
   68-18 Roosevelt Avenue,
   Woodside, NY 11377
   Tel: (718) 898-6113
   Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
7. 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.

8. 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.

9. 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.

10. Is this loan open only to residents of the United States?

    Yes.

11. 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.

12. 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.