The lumingon Buyer's Guide

Buying property in the Philippines, made clear.

1. Getting started

Buying a home is one of the biggest decisions you'll make, and in the Philippines it comes with its own set of documents, taxes, and steps. Whether you're eyeing a condo in metro manila, a house and lot in Calabarzon, or a lot in Cebu or Davao, the fundamentals are the same: know what you can afford, find the right property, verify everything, and transfer the title properly.

That's where lumingon comes in. We're a property marketplace built for the Philippines, with listings across the country and brokers who verify their PRC licence and DHSUD ID before they can post. It's a safer starting point — but it's still a starting point. Do your due diligence, and use this guide as your map.

2. Know your budget & financing

Before you fall in love with a property, get clear on what you can actually afford. Most buyers don't pay cash — they finance the purchase with a housing loan. Your three main options:

• Pag-IBIG Fund housing loan. The go-to for many Filipino buyers, with some of the lowest interest rates and long repayment terms (up to 30 years). You'll need to be an active member with the required contributions. Loanable amounts and rates depend on your income and the loan package.
• Bank home loan. Offered by most major banks, usually with faster processing and higher loanable amounts than Pag-IBIG, but at market interest rates that reset periodically. Great if you have a strong, documented income.
• In-house / developer financing. Arranged directly with the developer, often with easier approval but higher effective rates and shorter terms. Common for pre-selling condo and subdivision projects.

Pag-IBIG Fund housing loan, in detail

Government-backed and the go-to for many Filipino buyers. Indicative figures as of mid-2026 — confirm current rates with Pag-IBIG before you apply:

• Interest rates: about 5.375%–6.375% p.a. for loans of ₱500k–₱2M, and 6.375%–7.0% for ₱2M–₱6M, depending on the pricing period you lock in.
• Maximum term: 30 years · Loan cap: ₱6,000,000.
• To qualify: an active member with at least 24 monthly contributions, not more than 65 years old at application, no Pag-IBIG housing or multi-purpose loan in arrears, plus valid government IDs and proof of income.
• Why buyers pick it: lower rates (especially for low-income earners), the longest terms, and more lenient credit checks than banks.
• Trade-offs: the ₱6M loan cap, and processing can take longer.

Bank home loans, in detail

Offered by every major Philippine bank. Indicative advertised ranges as of mid-2026 — rates reprice periodically, so treat these as a starting point:

• Typical rates: BDO 6.88%–9.5% p.a. · BPI 6.75%–10% · Metrobank 6.5%–9.75% · LandBank 6.0%–8.5%.
• To apply: a duly filled-out application form, valid government-issued IDs, proof of income (ITR, payslips, COE), and collateral documents (TCT, tax declaration).
• Why buyers pick it: lower rates than in-house financing, terms up to 20–25 years, and the bank’s strict appraisal doubles as a sanity check on the price you’re paying.
• Trade-offs: stringent approval and background checks, comprehensive documentation, and approval can take several weeks.

In-house (developer) financing, in detail

Arranged directly with the developer — common for pre-selling condo and subdivision projects:

• Typical terms: reservation fee ₱20,000–₱50,000 · down payment 10%–30% · interest 12%–18% p.a. · terms of 5–15 years.
• To apply: the developer’s application form, valid government-issued IDs, proof of billing, and post-dated checks (PDCs).
• Why buyers pick it: the fastest approval (often within days), minimal documentation (often no ITR needed), and it works for buyers with an unestablished credit history.
• Trade-offs: the highest interest rates of the three, and shorter terms mean higher monthly amortizations.

Typical upfront and ongoing costs to plan for:

• Reservation fee — a small amount (often a few thousand to tens of thousands of pesos) to hold the unit while paperwork is prepared. Ask whether it's refundable and whether it's deducted from the price.
• Down payment — commonly 10–20% of the contract price, sometimes spread over several months for pre-selling projects.
• Monthly amortization — your loan repayment. As a rule of thumb, keep it comfortably within your budget so it doesn't strain the rest of your life.

3. Find the right property

Once you know your budget, match it to the right kind of home. In the Philippines you'll mostly come across:

• Condominium unit (CCT). Ownership is evidenced by a Condominium Certificate of Title (CCT). You own the unit and a share of the common areas, and you'll pay monthly association dues.
• House & lot (TCT). Ownership of land and the house on it is evidenced by a Transfer Certificate of Title (TCT). You own the land itself, which many buyers prefer.
• Townhouse. A middle ground — often titled like a house and lot, usually within a subdivision with shared amenities and dues.

Beyond the property itself, weigh the location carefully:

• Commute & access — how close is it to work, schools, transport, and the essentials of daily life?
• Flood history — ask neighbors and check local records; this is a real factor in many parts of the country.
• Amenities & community — security, water and power reliability, and what's within walking distance.

Work with a verified broker. On lumingon, brokers complete identity verification before they can list, and a good broker will happily walk you through the documents, the neighborhood, and the numbers. If someone dodges basic questions, that's a signal.

4. Verify before you buy

This is the section that protects your money. Never skip it. Before you commit, confirm each of the following — ideally with your own lawyer or broker:

• Check the title. Get a certified true copy of the TCT (house & lot) or CCT (condo) from the Registry of Deeds and confirm it's clean and that the registered owner's name matches the seller you're dealing with.
• Check for liens and encumbrances. The back of the title (the memorandum of encumbrances) will show mortgages, adverse claims, or annotations. There should be no unpaid dues, mortgages, or disputes you're not aware of.
• Verify the broker's PRC license. Licensed brokers and salespersons are registered with the Professional Regulation Commission (PRC). Confirm the license is real and current — don't just take a photo of an ID at face value.
• Review the tax declaration. Check the tax declaration and confirm real property taxes (amilyar) are paid and up to date.
• Vet the developer (for new or pre-selling projects). Look into the developer's track record and confirm they hold a valid DHSUD License to Sell (and, historically, HLURB registration) for the specific project. A legitimate project can show these on request.

5. Understand the costs

The sticker price is only part of what you'll pay. Budget for the extras so nothing surprises you at closing:

• Reservation fee — to hold the property (see financing above).
• Down payment — typically 10–20% of the price.
• Association / condo dues — ongoing monthly costs for condos, townhouses, and gated subdivisions.

Then there are the closing costs and taxes tied to the transfer of ownership:

• Documentary Stamp Tax (DST) — roughly 1.5% of the selling price or fair market value, whichever is higher.
• Transfer Tax — a local tax, commonly around 0.5%–0.75% depending on the province or city.
• Registration Fee — paid to the Registry of Deeds to register the new title, based on a graduated schedule.
• Notarial fees — for notarizing the Deed of Absolute Sale.
• Capital Gains Tax — typically 6%, usually shouldered by the seller (though everything is negotiable and should be stated in writing).

6. Closing the deal

Here's the typical path from "yes" to holding a title in your name:

1. Reservation — pay the reservation fee to secure the property while documents are prepared.
2. Contract to Sell (CTS) — sets out the price, payment terms, and obligations while you pay the down payment or complete financing.
3. Deed of Absolute Sale (DOAS) — the notarized document that actually transfers ownership once the price (or financing) is settled.
4. BIR — CAR / eCAR — file and pay the taxes with the Bureau of Internal Revenue to get the Certificate Authorizing Registration (CAR/eCAR). Without this, the title can't be transferred.
5. Transfer Tax — pay this at the local treasurer's office.
6. Registry of Deeds — submit the documents so the old title is cancelled and a new title is issued in your name.
7. Transfer utilities & tax declaration — update the tax declaration at the assessor's office, and move the water, power, and association accounts into your name.

Timelines vary, and it's normal for the full transfer to take several weeks to a few months. A licensed broker or lawyer can shepherd the paperwork so nothing stalls.

7. Red flags to avoid

Most property scams share the same warning signs. Walk away — or slow down and verify hard — if you see any of these:

When in doubt, pause and verify. No good property is worth losing your savings over.

8. Your buyer's checklist

9. Ready to start looking?

Browse property listings from identity-verified brokers across the Philippines on lumingon — from condos in metro manila to house and lot in the provinces. Your next home might be one search away.

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