The HOME Program (Housing Loan Receivables Purchase Program 1 or HLRPP-1) is a financing initiative by the National Home Mortgage Finance Corporation (NHMFC) that allows accredited originators—such as housing developers, banks, cooperatives, and LGUs—to sell their housing loan receivables for economic and low-cost housing projects. Through this mechanism, originators recover their capital quickly and reinvest in new housing developments, while NHMFC packages and services the loans to ensure long-term affordability for individual homebuyers. This setup creates a win-win cycle: originators gain liquidity, and low- to middle-income Filipino families gain access to fixed-rate, long-term housing loans.
Established under the charter of NHMFC (Presidential Decree No. 1267) and aligned with the government’s housing finance reform agenda, the HOME Program aims to stimulate the secondary mortgage market and promote homeownership among underserved sectors. It was launched as a response to the need for sustainable, affordable housing finance in the Philippines, particularly in the face of limited access to long-term credit. Understanding this program is vital for stakeholders in the housing sector, as it not only supports financial inclusion but also contributes to solving the country’s housing backlog through an innovative and collaborative funding approach. If you’re a public or private housing loan originator looking to improve your liquidity while supporting affordable homeownership, then this guide will walk you through everything you need to know to participate in the HOME program and successfully sell your originated housing receivables.
Program Overview
The HOME Program by NHMFC is an initiative that allows housing loan originators to sell economic and low-cost housing receivables. It helps developers and financial institutions recover funds and reinvest in new housing projects, while borrowers continue to benefit from low fixed interest rates offered by NHMFC. With this program in place, the availability of low-cost housing options for Filipino families increases, which is especially helpful to those who cannot easily access traditional home financing. The longer repayment terms and lower interest rates it offers also helps individual borrowers achieve homeownership with manageable financial obligations, supporting the overall growth of the housing sector while addressing the country’s housing backlog and promoting financial inclusion.
Features
Under the program, NHMFC offers a range of features designed to support originators and make housing more accessible to Filipino families. These also make the program more flexible and efficient, particularly in managing housing receivables:
- Loan-to-Value Ratio: Up to 90% of the property’s appraised value
- Interest Rates: As low as 4.7% (7 years) and 6.2% (30 years)
- Repayment Terms: Up to 30 years (for individual borrowers)
- Quick Processing: Approval within 11 working days of complete submission
- Accepts borrowers up to a maximum age of 70 years
- No Membership Required
- Open to accredited housing developers, microfinance institutions, rural or thrift banks, cooperatives, government agencies, LGUs, NGOs, and other civic organizations
Benefits
By participating, both originators and individual borrowers can enjoy several benefits beyond the program’s technical features:
- Originators and developers can immediately recover capital, allowing them to reinvest in new housing projects without waiting for long-term loan repayments
- Improved cash flow and liquidity for housing providers through the sale of loan receivables
- Reduced collection and servicing burden, as NHMFC takes over the loan administration and monitoring
- Minimized credit risk exposure for developers and financial institutions
- Borrowers gain access to long-term, affordable financing without needing to join a housing association or membership-based system
- Stable and predictable monthly payments help borrowers budget more effectively
- Borrowers receive financing from a government-backed institution, enhancing credibility and trust in the loan process
Who Can Apply?
The program is open to:
- NHMFC-accredited housing developers
- Rural and thrift banks
- Microfinance institutions
- Cooperatives
- Government agencies and LGUs
- Private organizations
- NGOs and civic groups
Applicants must have existing residential housing loans they wish to sell to NHMFC.
Qualifications
To apply for the program, applicants—both originators and individual borrowers—must meet the following qualifications:
- For originators: Must be a public or private housing loan originator with existing residential loan accounts
- Must be NHMFC-accredited, such as developers, rural or thrift banks, microfinance institutions, cooperatives, LGUs, government agencies, NGOs, or civic organizations
- For individual borrowers: Must have an existing housing loan account from an accredited originator
- Must be able to demonstrate capacity to pay through income documents (e.g., payslips, ITR, COE, bank statements)
- Borrower must be no older than 70 years old at the time of loan maturity
- Must submit complete documentation, including identification, proof of income, loan records, and other legal and technical requirements
Required Documents
To get started, interested applicants need to prepare the following first for submission to NHMFC via email (ard.mpd@nhmfc.gov.ph). Documents may vary by applicant type so take note of the requirements accordingly:
For Originators (Developers, Banks, Financial Institutions)
- Panoramic and front-view photos of the house and lot
- Notarized Affidavit on Due Execution of Documentation
For Borrowers
- Housing loan application form with 2×2 photo
- Authority to inspect the property
- Authority for background and credit checks
- Health Statement (if loan > Php2M or borrower ≥60 years old)
- Valid ID copies, marriage contract (if applicable)
- Income documents (based on employment, business, OFW status, or other sources)
- Post-dated checks for 24 months and 1 collateral check (before take-out)
Legal Documents (from Originators)
- Loan and Mortgage Agreement (5 original notarized copies)
- Promissory Note (2 notarized copies)
- Certificate of Warranties (2 notarized copies)
- Letter of Guaranty (6 original copies, if applicable)
- Secretary’s Certificate
- Purchase of Loan Agreement (6 original copies)
- Pre-signed Deed of Sale
- Certificate of Acceptance
- Tax documents
- TCT/CCT (owner’s duplicate and LRA copy)
- Deed of Undertaking (if applicable)
- Other legal documents (marriage, annulment, SPA, etc.)
Inspection and Appraisal Requirements
- Letter request for appraisal
- Vicinity and location maps
- Approved lot and subdivision plans
- Building plans and specifications
- Bill of Materials/Quantities
- Building permits and occupancy certificate
- DHSUD License to Sell
Step-by-Step Application Process
Applying for the program involves following these steps below:
Step 1: Submit Documents
Send all originator, borrower, and technical documents to: ard.mpd@nhmfc.gov.ph
Step 2: NHMFC Review & Due Diligence
The Mortgage Acquisition Department (MAD) will validate all submissions and conduct due diligence on the loan accounts.
Step 3: Internal Approval Process
- Preparation of committee materials
- Evaluation through committee resolution or referendum
- Once the application makes it through the evaluation, the Processing of Budget Utilization Request for qualified accounts will then start
Step 4: Inspection and Appraisal
In cases where an appraisal is required—especially for new developers or projects—NHMFC will conduct a site inspection. Appraisal fees will then apply regardless if you are a new developer or an old one submitting a new housing project.
Step 5: Notification of Result
NHMFC will notify you via letter regarding the approval or deferral of the loan accounts.
Step 6: Submit Official Receipt (OR)
If approved, submit the OR for validation and final processing.
Where to Get the Application Form
Application forms for the HOME Program (HLRPP-1) can be obtained from the National Home Mortgage Finance Corporation (NHMFC). Visit the NHMFC’s official website and navigate to the “Downloadable Forms” section (https://nhmfc.gov.ph/downloadable-forms/) to access the necessary documents. For further assistance, you can also contact the NHMFC directly through the contact information provided below.
Processing Time
The HOME Program is designed for efficiency, with an approximate processing time of 19 working days from the submission of complete documents to payment release.
Document validation takes about 20 minutes, while due diligence and approval by the credit committee may take up to 13 working days. Budget utilization processing takes another 4 working days.
Applicable Fees
As for fees, there’s a processing fee of ₱2,000 per loan account and an appraisal fee of ₱1,000 per account. For new developers or new housing projects, there’s an additional inspection appraisal fee ranging from ₱3,000 to ₱6,000 depending on the scale of the project.
- Preliminary Appraisal Fee: Php 3,000/project (new developers/projects)
- Processing Fee: Php 2,000/account
- Final Appraisal Fee: Php 1,000/account
- Total: Php 6,000/account (new originator/project) or Php 3,000/account (existing originator/project)
Key Notes
For your reference, here are some things you might want to keep in mind:
- The program supports the immediate recovery of invested funds in housing development.
- NHMFC’s evaluation ensures all projects meet housing standards.
- The HOME Program is a G2C, G2B, and G2G transaction.
Video: NHMFC HOME Program AVP
By participating in the HOME Program (HLRPP-1), developers and financial institutions can improve their liquidity, promote sustainable housing, and support Filipino homebuyers through accessible and affordable financing options. To learn more about this program and how it helps originators, developers, and individual borrowers, you may watch this video from the NHMFC:
Contact Information
For other questions or concerns or to schedule an appointment at the NHMFC, you may also reach out to them via the following:
- Email: marketing@nhmfc.gov.ph
- Call: 0918-910-8263 or 0917-824-9374