HDMF Circular No. 353

: The LTV ratio for retail housing loans up to P1,250,000 is 90%.
: The LTV ratio for retail housing loans over P1,250,000 up to P6,000,000 is 85%.
: Yes, the LTV ratio may be adjusted depending on the result of the Borrower's Evaluation System.
: Yes, a borrower may avail of multiple housing loans provided certain conditions are met.
: The amortization payments for all loans must be within the borrower's capacity to pay, and the aggregate loan value for all loans must not exceed P6,000,000.
: The borrower's proportionate share in the outstanding balance of the existing housing loan under a tacked loan is included in the aggregate loan value computation.
: All of the housing loan accounts of the borrower shall be considered in default as well.
: The amendments took effect retroactively to all housing loan applications received starting April 1, 2015.
: The Circular was adopted by the Senior Management Committee, specifically signed by CEO Darlene Marie B. Berberabe, on May 15, 2015.
: Yes, the guidelines shall be subject to annual review considering the viability of the Fund and prevailing market conditions.