Philippine Mortgage for OFWs in Singapore: Requirements
Mortgage Loans for Philippine Real Estate – for You Who Live in Singapore
Living and working in Singapore doesn’t stop you from investing in property back in the Philippines. You are now eligible to apply for a mortgage loan from the Philippines without needing to be employed or reside there — a game-changing opportunity for Filipinos and qualified foreign citizens in Singapore.
Eligibility Requirements
-
Citizenship: You must be a Filipino citizen, a former Filipino (for land up to 1,000 sqm), or a dual citizen. Foreigners may apply strictly for condominium unit purchases, in line with Philippine property laws.
-
Marital Status: You do not need to be married to a Philippine citizen to apply.
-
Spouse Signature: In Singapore, your spouse is not required to be a co-borrower. A Special Power of Attorney (SPA) is also not required.
Required Documentation
To move forward with your loan application, you’ll need to submit the following documents:
-
Fully completed OPHL application form
-
One valid government-issued ID
-
Employment documents: Certificate of Employment (COE), one-month payslip, employment contract, proof of remittance, and Income Tax Return (ITR)
-
If self-employed: Latest Audited Financial Statement, business registration papers, 6-month bank statements, and ITR
-
Contract to Sell (for property purchases)
-
Bill of materials, building plans, and specifications (for construction loans)
-
Proof of expenses (for reimbursement of construction or acquisition costs)
-
Statement of account showing outstanding balance (for refinancing)
-
Fire Insurance and Contractor’s All Risk Insurance (if applicable)
-
Mortgage Redemption Insurance equivalent to the loan amount
Note: You are not required to submit a marriage contract or assign an attorney-in-fact for representation (SPA). These simplifications make the process more streamlined for Singapore-based applicants.
Next Steps
Ready to get started? Send an email to trishw@globalrealtor4acause.com with your interest. Then, click the button below to schedule a free, no-obligation consultation with a licensed Philippine real estate professional who works directly with top banks and lending institutions.
You can invest in your future in the Philippines — securely, confidently, and professionally — while living in Singapore.
Frequently asked questions
Do I need a representative in the Philippines?
No. Singapore-based applicants do not need a special power of attorney or a spouse co-borrower under this programme.
What proof of income is accepted?
Employment certificate, payslip, contract, remittance proof and tax return, or audited financial statements and bank statements if self-employed.
