Home Loan Program

OPHL Requirements (All fees are payable to “PNB Los Angeles”)

  • Acceptable US FICO Score and credit history.
  • Duly accomplished loan application form.
  • Non-refundable PROCESSING fee of $200.00
  • APPRAISAL fee of $150.00.
  • Photocopy of Income Tax Returns (ITR) for the last 2 years PLUS W-2 forms for the last 2 years.
  • If EMPLOYED: Copies of pay-stubs for the last 2 consecutive months.
  • If SELF-EMPLOYED: Audited Financial Statements of the business for the last 3 years.
  • Bank statements for the last 2 consecutive months (checking and savings) – same months as pay stubs.


  • Contract to Sell

OPHL Program Advantages

Potential issues if financed in the Philippines:

  • Must not be 65 years old at loan maturity.
  • If married, spouse must co-sign.
  • Need to open / maintain account in Philippines – Payment via remittance; Exposure to FX exchange risk.
  • Attorney-in-fact (AIF).
  • Filipino / Dual Citizenship required.
  • Buyer is automatically a principal to the loan by default.

Advantages with PNB OPHL Program Financing in the US:

  • Marital conformity on best effort basis only.
  • Payment in USD via ACH (Automatic debit of US bank accounts).
  • AIF not required.
  • No citizenship required – subject to applicable laws in the Philippines.
  • For cases of ineligibility, a third party can apply in lieu of the buyer.