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Pag-ibig Rent to Own Houses in Cavite Philippines

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July 24, 2017

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Covina Villas Freya Model – Cheap Houses for Sale Imus Cavite

Pag-ibig Rent to Own Houses for Sale starting at Php 3.2M - Php 4.3M

SOLD OUT

soldout

Freya at Covina Villas is a complete finish 2-storey single attached cheap houses for sale thru Pag-Ibig in Imus Cavite that are delivered complete with ceramic floor tiles and so easy to own thru Pag-ibig financing. With 3 spacious bedroom, 2 car garage & 2 toilet and bath, Freya at Covina Villas is one of the few houses in this area that is offered thru Pag-ibig. This great easy care home is much bigger than you would expect. Come and see Freya for yourself. Escape the stress of a busy lifestyle and go for a quiet, peaceful ambience of Freya.

Don’t miss the opportunity to get started on home ownership of Freya at Covina Villas. You will love living here – superb location and so near jeepney stop and park. Call now for free viewing and reservation.

SOLD OUT

About Freya

House Model Freya
House Type Single Attached
House Turn-over Complete Finish
Village Name Covina Villas
Condition: Brand New
Lot Area 110 square meter
Floor Area 109 square meter
Bedroom Provision 3
Toilet and Bath 2
Carport 1
Price Range Php 3.2M - Php 4.3M
Available Units Pre-Selling and Ready for Occupancy
Developer/Owner Masaito Development Corporation
Track Record 38 yrs (since 1976)
Awarded 2009 Outstanding Properties Developer
Awarded by The National Consumer Affairs Foundation (NCAF)
- Asia’s pioneer consumers group.
Address Barangay Buhay na Tubig, Imus, Cavite 4103

Freya Sample Computation

Freya Payment, Terms & Conditions

1.  Available Financing & Acceptable Payment Scheme:

  1. Pagibig  (HMDF) – Developer will process your loan with Pag-ibig
  2. Bank Financing – Developer will process your loan with accredited bank
  3. Deferred Cash – maximum of one (1) year to pay in 12 equal monthly installment. No interest.
  4. Cash

2.  Reservation Fee (RF) – Accept  Cash and Check only.  Reservation fee is not refundable and not transferable.

  • Pagibig Financing – Php 20,000.00.  Part of downpayment.
  • Bank Financing – Php 20,000.00. Part of downpayment.

3.  Total Contract Price (TCP) –  Transfer of Title expenses is not included in TCP

4.  Required Downpayment  or Equity – DP or Equity are not refundable and not transferable

  • Pagibig  – 50%-60% of Total Contract Price payable in 12 monthly installment.  No interest
  • Bank – 10% of Total Contract Price payable in 12 monthly installment.  No interest

5.  Amortization Interest Rate & Terms  –  Amortization is not refundable and not transferable

  • Pagibig  –  Amortization starts after DP term. Monthly amortization is computed at:
    • 8% per year.  Fixed rate for 3 yrs.
    • Amortization amount is subject to reprising after 3 years as per Pag-ibig policy.
    • Amortization amount does not include other fees such as MRI insurance, Pag-ibig monthly contribution, etc.
    • The exact monthly amortization will be determined during loan processing.
    • Maximum loan term is up to 30 yrs.
  • Bank  – Amortization starts after DP term. Monthly amortization is computed at:
    • 8% interest/year.  Fixed for for 1 year only.  Repricing every year as per bank policy.
    •  Maximum term is up to 20 yrs. for locally employed and 15 yrs for OFW.
    • Prevailing interest rate will apply upon loan take-out.

6.  Accredited Banks

  • PNB, China Bank & Citystate Bank

7.  Schedule of Payments

  • Reservation Fee – valid for 30 days
  • DP /Equity  – 30 days after official reservation
  • Monthly Amortization – after loan take-out by Bank or Pagibig
  • Deferred Cash – 30 days after reservation. 

8.  Discounts for Pagibig,  Bank & Cash Deferred

  • Full payment of DP or Equity – Minimum DP is 20% of Total Contract Price
    • 20% DP/Equity – 5% discount if paid within 30 days from reservation date
    • 30% DP/Equity – 7% discount if paid within 30 days from reservation date
    • 40% DP/Equity – 9% discount if paid within 30 days from reservation date
    • 50% DP/Equity – 9% discount if paid within 30 days from reservation date
  • Full payment of Total Contract Price (TCP)
    • 10% discount of TCP for amount less than Php5M if Buyer pays within 30 days from reservation date
    • 8% discount of TCP for amount above Php5M if Buyer pays within 30 days from reservation date

9.  Other Fees to Pay Separately

  • Miscellaneous Fees  – to be paid directly to Developer.  For payment of Title transfer expenses, loan processing fees and documentation expenses by the Developer.
    • Pagibig  – 6% of Total Contract Price to be paid after downpayment term
    • Bank  – 6% of Total Contract Price to be paid during downpayment term
    • Cash Deferred – 6% of Total Contract Price to be paid during payment term
    • Spot Cash – 6% of Total Contract Price to be paid at the same time
  • Bank Charges or Finance Charges – to be paid directly to the bank
    • Bank Financing  -  3-4% of the Loan Value (Loanable Amount)
    • Pagibig Financing  -  none
  • Move-in Cost – When you move-in.
    • Estimated Move-in cost:  Php 20,000.00
    • Move-in Fees are for payment of  one year advance insurance, Homeowner Association (HOA) Membership and dues, water connection and other expenses related to move-in
  • Construction Bond Amount to be paid 30 days before start of construction.  This is refundable If there is no damage after construction. The premium of the bond will be deducted.
    • Estimated Amount:  Php 12,000.00 – house improvement.  if there is no damage done during construction, Php11,000.00 will be refunded after house improvement construction.

10.  Required Documents During Reservation – No Documents,  No Reservation

  • Locally Employed -  2 Valid ID and  Latest one (1) month payslip
  • OFW -  2 Valid ID & Job Contract or Latest one (1) month payslip
  • Self-Employed – 2  Valid IDs and Latest financial Statement

11.  When can Buyer move-in?

  • Pagibig Financing – Buyers are allowed to move-in only after full equity & loan released
  • Bank Financing  – Buyers are allowed to move-in after full DP & loan released

12.  Construction of the house – starts after full DP payment.

13.  Restrictions on House Improvement  – Buyer must submit sketches of house improvement to Developer’s office for approval. No deletion on any part of the house is allowed.

14.  Prices of house and lot are not always the same.

  • Price of end unit, corner lot, main road and near amenities units are higher than inner lot.
  • House and Lot prices will NOT be the same, as it varies and depends on lot orientation.
  • Prices are subject to change without prior notice. Other terms & conditions apply.
  • Always verify all amounts in the computation with us if they are still available or not.

Freya Floor Plan

Freya Dressed-up Photos

Dressed-up photos are presented as ideas or suggestions on how to improve, decorate and furnish your unit. You may imitate or copy the design free of charge.

Covina Villas Master Plan

Covina Villas Location Map

How to Reach Covina Villas

Route 1: From Manila (via New Molino Blvd):

  • From Coastal Road, head straight to Talaba-Aguinaldo Highway, then take New Molino Blvd. Turn right at Masaito Drive. Driving straight along, you’ll find Bellazona on your left side and further down Masaito Drive, you’ll reach Springfield and Covina Villas.

Route 2: From Alabang (via Daang Hari):

  • Take Daang Hari and turn right to Old-Molino Paliparan Road. Take a left going to New Molino Blvd then take another left at Masaito Drive. Driving straight along, you’ll find Bellazona on your left side and further down Masaito Drive, you’ll reach Springfield and Covina Villas.

Contact Us

Learn more about Covina Villas House Model by clicking this link  Vittoria. Allow us to help you find the home you dream for your family. And as starter, tripping vehicle, viewing assistance and computation request is FREE and No Charge. Get your schedule now by emailing:   inquire@pagibighouseforsale.com.  Or call or text us at  (+63) 998 978 9039 (Smart)

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