
Eligibility:
Legitimate assumer of the property, with a valid Deed of Sale that is duly signed by the original borrower, may apply for a formal Deed of Sale with Assumption of Mortgage (DOSAM) at NHMFC. The account must be in a current or updated status as of the date of the DOSAM application.
Requirements
- Latest Certificate of Employment and Compensation (CEC) of the Vendee, duly notarized;
- For contract workers: Copy of Contract of Employment duly authenticated by the Philippine Consulate or POEA
- For income derived from business: Notarized Affidavit of Income
- TIN of Borrower and Assumer;
- PhilSys ID or any Government issued ID of the Borrower and Assumer;
- Electronic Certified True Copy of TCT from Registry of Deeds where the property is located;
- Certified True Copy of latest Tax Declaration for Land and Building;
- Updated RPT Receipt (current year) for Land and Building;
- Tax Clearance Certificate
- DOSAM duly filled up using NHMFC prescribed form, duly notarized
- or valid Deed of Sale between the original borrower and the assumer (in the event that the original borrower can no longer be reached)
- Promissory Note, duly notarized;
- Processing Fee of PhP 1,000.00