PAGIBIG HOUSE FOR SALE

Pag-ibig Rent to Own Houses in Cavite Philippines

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October 19, 2017

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Lot For Sale at Covina Villas

Pag-ibig Rent to Own Houses for Sale starting at Php 1M – Php 1.8M

SOLD OUT

soldout

Covina Villas is the only village in Buhay na Tubig area in Imus City that offers lot for sale through Pagibig with sizes that range from 81 square meters up to 147 square meters. Covina Villas is an exclusive village, so there only few lot for sale offered here. The lot location is near central as schools are just nearby.  If you buy a lot here, you may walk to the jeepney stop. Public transportation is available 24 hours 7 days a week.

Take advantage of this opportunity to live in a place so close to Manila. Call now for your free site viewing date.

About Lot for Sale at Covina Villas

  • Village Name:  Covina Villas
  • Address:  Barangay Buhay na Tubig, Imus City, Cavite 4103
  • Condition:  Vacant.  Flat area
  • Reservation Fee:  Php 20,000.00
  • Price Range:  Php 1M – Php 1.8M
  • Developer/Owner:  Masaito Development Corporation
  • Track Record as Developer:  38 yrs (since 1976)
  • Awarded:  2009 Outstanding Properties Developer
  • Awarded by:  The National Consumer Affairs Foundation (NCAF)  
    • Asia’s pioneer consumers group.

SOLD OUT

About Covina Villas Lot Only

House Model Covina Villas Lot Only
House Type Single Detached
Village Name Covina Villas
Condition: Brand New
Lot Area 81 - 147 square meter
Price Range Php 1M – Php 1.8M
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

Covina Villas Lot Only Sample Computation

Covina Villas Lot Only 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  – 47%-50% 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 5M if Buyer pays within 30 days from reservation date
    • 8% discount of TCP for amount above 5M if Buyer pays within 30 days from reservation date

9.  Other Fees to Pay Separately

  • Miscellaneous Fees  – for Title transfer cost, loan processing fees and documentation expenses
    • 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 – 3-4% of the Loan Value (Loanable Amount)
  • Move-in Cost – for buyers 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 done during construction. The premium of the bond will be deducted.
    • Estimated Amount:  Php 25,000.00.

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 start house construction?

  • Pagibig Financing – Buyers are allowed to construct only after full DP & loan take-out
  • Bank Financing  – Buyers are allowed to construct after full DP & loan take-out

12.  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.
  • Always verify all amounts in the computation with us if they are still available or not.

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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