The Ease on the Disposal of Assets Program (EDSAP) is an initiative of the National Home Mortgage Finance Corporation (NHMFC) designed to sell non-performing, acquired properties to the public. Launched to help NHMFC recover value from foreclosed assets, EDSAP aims to make homeownership and land acquisition more accessible to individuals, groups, and developers. Its ultimate goal is to support housing development, reduce idle government assets, and offer affordable housing options across the country.
If you are looking for an affordable way to buy a pre-owned home or development project, then the EDSAP may be what you are looking for. Not only does this allow buyers to purchase pre-owned, foreclosed properties at reduced prices, with flexible terms, and little to no upfront costs, but this government initiative also offer a practical path to homeownership or property investment, including individual residential houses, lots, or larger parcels of land suitable for housing projects. Instead of buying from private sellers or new developments, buyers can acquire these assets at a lower cost through government programs like EDSAP. In this guide, we will explain how to qualify, apply, and take advantage of this unique housing and financial assistance program in the Philippines.
Program Overview and Features
The Ease on the Disposal of Assets Program (EDSAP) is an initiative by NHMFC, a government-owned and controlled corporation (GOCC), aimed at liquidating its non-performing assets. Through this program, foreclosed or acquired residential properties are made available to individual buyers, groups, and developers at discounted prices and flexible payment schemes.
These can be used as either:
- A new home
- A residential lot
- A development project
With EDSAP, buyers get access to discounted pre-owned properties without a down payment or high interest rates. This NHMFC program is especially attractive for:
- First-time homeowners looking for an affordable start
- Government employees who want to secure residential lots
- Developers eyeing new housing or commercial projects
Why Consider Buying Through EDSAP?
Here are some of the standout features offered by the the government when purchasing properties through EDSAP:
- Affordable Prices
- Up to 30% discount for individual buyers
- Up to 45% discount for groups or developers
- Flexible Payment Terms
- No down payment required
- Available via cash or installment
- Low Interest Rates
- For properties under Php450,000:
- 4.5% interest (first 10 years)
- 6.5% (11th year onwards)
- For properties over Php450,000:
- 6.5% interest (first 10 years)
- 8.5% (11th year onwards)
- For properties under Php450,000:
- Long Loan Terms
- Lot only: up to 10 years
- House and lot: up to 30 years
- Payment Options
- Available for Cash and Installment basis
- Down Payment
- No down payment is required
Benefits
Buying properties under the EDSAP doesn’t just mean big savings—it also offers practical advantages that make the process more accessible and manageable for many Filipinos. Here are some benefits of going through the program:
- No hidden charges: Transparent pricing and clear documentation from NHMFC.
- Government-backed security: Transactions are legitimate and facilitated through an official government agency.
- Flexible buyer qualifications: Open to individuals, groups, government employees, and developers.
- Ideal for flipping or rental: Great option for starting a property investment or income-generating project.
- Simplified requirements: Application process involves basic documents and minimal fees.
- Nationwide availability: Choose from a wide range of foreclosed properties across the Philippines.
- Opportunity to revive idle properties: Contributes to community development by turning unused land into livable or income-generating spaces.
Who Can Apply?
EDSAP is open to a wide range of qualified buyers, including the following:
- Private Filipino individuals (natural or juridical persons)
- Private Filipino legal entities
- Key Shelter Agency (KSA) and government employees (can purchase up to 2 lots under individual titles)
- Developers buying:
- Individual lots
- Properties by block
- Raw land or undeveloped areas under individual or mother titlesÂ
- Groups composed of at least 2 individuals or developers buying together
Qualifications
To qualify for EDSAP, interested buyers must meet specific eligibility criteria to ensure they are capable of managing the financial responsibilities involved. These include:
- Must be of legal age and capable of entering into a contract.
- Should not have any outstanding obligations or unpaid loans with NHMFC or any related government housing agencies.
- Must provide valid government-issued identification and supporting income documents.
- Should demonstrate the ability to make consistent payments through proof of income or employment.
- Must submit complete and duly notarized application forms and agreements as required by NHMFC.
- Should not have previously defaulted on any property purchased through government housing programs.
Requirements When Going Through EDSAP to Buy Properties
To get started, the first thing you need to do is to prepare the following documents:
Application Requirements
- Duly signed EDSAP Application Form (3 copies)
- Signed and notarized:
- Promissory Note (3 copies)
- Affidavit of Undertaking (3 copies)
- Contract to Sell (for installment) or
- Deed of Sale (for cash purchase) (7 copies)
Identification
- Photocopy of one (1) valid government-issued ID
Examples include: Passport, Driver’s License, PRC ID, SSS, PhilHealth, GSIS, Voter’s ID, Postal ID, etc.
Proof of Income (any one of the following)
- Locally Employed:
- Latest ITR/BIR Form 2316
- Latest payslip
- Certificate of Employment with Income
- Self-employed:
- Audited Financial Statement with latest ITR
- Latest 3 months’ bank statements
- OFWs:
- Proof of remittance (3 months)
- Employment/Crew contract
Proof of Billing Address
- Utility bill or credit card statement under the buyer’s name
Step-by-Step Guide to Buying Through EDSAP
Once you have the requirements, here’s how you can buy a property under this program:
STEP 1: Choose a Property
Browse the list of NHMFC’s foreclosed properties available for purchase. These can be your next home, a rental property, or a future development site.
STEP 2: Inform the Account Officer
Contact NHMFC’s Asset Management Department and notify them of the property you’re interested in. They will:
- Explain the rules and procedures
- Check your eligibility
- Provide necessary forms
STEP 3: Complete and Submit Requirements
Once you’re eligible, prepare and submit the required documents. Make sure to keep copies for reference as well.
STEP 4: Pay Required Fees
Once your documents are submitted and verified, you’ll be issued an Order of Payment for the following fees:
- Processing Fee – ₱3,000
- Appraisal Fee (Metro Manila) – ₱4,000
- Appraisal Fee (outside MM) – ₱4,000 and up
- Down Payment (optional) – Based on offer
Payments are made through the NHMFC Cashier. After payment, return to the Asset Management Department with notarized forms and your receipt.
STEP 5: Application Review and Approval
NHMFC will evaluate your application. Expect updates via phone or email once the Acquired Asset Bids and Awards Committee (AABAC) issues a resolution.
STEP 6: Signing the Final Documents
Once approved, return to NHMFC to finalize the sale:
For Installment Buyers:
- Sign the Contract to Sell (CTS)
- CTS will be approved by the Head of Agency
For Cash Buyers:
- Sign the Deed of Sale (DOS) and Request for Release of Title (RFRT)
STEP 7: Final Steps for Title Transfer
This step involves everything that needs to be done to complete the sale with a title transfer:
- NHMFC prepares the Mortgage Withdrawal Request Form (MWRF)
- You’ll need to request a Certificate Authorizing Registration (CAR) from BIR
- NHMFC will advise you on which taxes to settle for the title transfer
- Buyer is responsible for coordinating the transfer of the land title
Whether you’re buying as an individual, with a partner, or as part of a development firm, this program offers a simplified process for purchasing foreclosed assets from a reliable government source.
Where to Secure the Application and Other Forms
To obtain the application and other required forms for purchasing properties under the EDSAP, visit the NHMFC’s Asset Management Department. lYou may also navigate to the Downloadable Forms section to access the other necessary documents. If you require further assistance or you have specific inquiries, you can also contact the Acquired Assets Division or the Special Accounts Servicing Division of the NHMFC.
Timeline and Processing Time
The overall processing time for purchasing a property under the Ease on the Disposal of Assets Program (EDSAP) takes approximately 16 working days. It begins with the verification of the application form, which takes about 10 minutes, followed by the evaluation of submitted requirements, usually completed within 3 minutes. Once verified, the applicant receives an order of payment and processes the necessary fees, which may take around 5 to 10 minutes depending on the situation.
After payment, the finalization of all required documents, including notarized contracts and forms, typically takes around 5 working days. Once everything is in order, the final sale approval is issued within a day, notifying the buyer of the outcome. The last stage involves the official contract signing and release of documents, which is completed within another 5 working days.
Video: Kapihan sa DHSUD (Housing Programs)
The Ease on the Disposal of Assets Program (EDSAP) by NHMFC offers a smart solution for Filipinos and developers looking to buy pre-owned homes or land at affordable rates. With no down payment, low interest, and long terms, it’s a flexible option for those planning to own or invest in real estate in the Philippines. But this is not the only housing program available to everyone interested. There is also the 4PH Program and Integrated Disaster Shelter Assistance Program (IDSAP) offered by the DHSUD. To learn more about them, check out this video from DHSUD.
Contact NHMFC
For a full list of available properties and guidance on how to get started or if you have other questions or concerns, you may reach out to NHMFC via the following contact information
- Asset Management Department
- aad@nhmfc.gov.ph
- 09178184769
- (02) 8892-5191
- Special Accounts Servicing Division
- sasd.spd@nhmfc.gov.ph
- 09190665200
- (02) 8892-5758