Buy Land
Explore Your Opportunities with TTMB
About the Financing
Embark on the journey to homeownership with TTMB. With our commitment to excellence and customer-centric approach, we offer competitive financing options tailored to your needs. Our land loans can help you buy a residential building lot or a homestead.
Key Features
Competitive Interest Rate
Benefit from a fixed interest rate of 6%, ensuring stability and predictability in your financial planning.
High Financing Coverage
Enjoy financing up to 90% of the purchase price, empowering you to secure your desired property with minimal upfront costs.
Flexible Repayment Terms
With repayment terms of up to 20 years, you have the flexibility to manage your finances comfortably while realizing your property ownership goals.
Transparent Fees
Our acceptance fee, capped at 1% of the loan amount or a minimum of $500.00, ensures transparency and clarity throughout the application process.
No Mortgage Indemnity Insurance
Unlike traditional mortgage offerings, our program does not require mortgage indemnity insurance, further streamlining the application process.
No Prepayment Penalties
Enjoy the freedom to make early repayments without incurring any penalties, allowing you to accelerate your journey towards property ownership.
Once you’ve identified your desired piece of land, take the first step towards ownership by submitting all the necessary documents and fees to initiate our seamless application process.
At TTMB, we understand the significance of homeownership in shaping your financial future. Let us guide you towards owning your tomorrow.
Required Documents
Two (2) copies of all documents must be provided.
Standard Documents
- Evidence of Nationality (2 Forms of ID)
- National Insurance (NIS) Number
- Income Tax (BIR) Number
- Evidence of Income (Job Letter / Pay Slip)*
- Evidence of Savings and Indebtedness**
- Most Recent Credit Card Statement(s)
- Title Deed(s) or Lease and/or Mortgage Deed
- Valuation Report
- Up-to-date receipts for Land & Building Taxes, Water & Sewerage Rates & Lease Rent
- WASA Clearance Certificate
- Utility Bill
Additional Documents
- Survey Plan
- Town & Country Planning approval to develop land for residential purposes
- Regional Corporation Final approval for the development of land
*Evidence of Income
Submit an Original Job Letter & Pay Slip. If self employed, submit Financial Statements for the last three (3) years and Bank Statements for the last three (3) years, stating the average monthly balance. If you are employed on contract, submit copies of employment contracts for the last three (3) years.
**Evidence of Savings & Indebtedness
Submit statements from all financial institutions with which you deal, including credit unions (monthly payments towards loans must be indicated on these statements).
Application Costs
What do I need to pay?
Estimated Application Fees
- Application: $150.00
- Title Search: $1,500.00 (initial)
- Acceptance Fee: 1% of Loan Amount or $500.00 minimum
- Credit Bureau Report: $75.00 per applicant
Closing Costs
- Legal Fees
- Statutory Fees (Stamp Duty & Registration Fees)
Receive Property for Sale Alerts
Receive an email notification when TTMB lists Property for Sale.
Buy a Home
Financing for the purchase of residences including single family homes, townhouses, condominiums, apartments and investment properties.
Build a Home
Bridging and long-term loans are available to help you construct the home of your dreams.
Buy Land
Financing for the purchase of residential building lots and land approved for homesteads.
Home Improvement
Upgrading your home can be easy and affordable with our Home Improvement Loans.
Home Equity
Tap into the wealth of real estate to finance future initiatives.
2% Mortgage Programme
If your family income is $14,000 or less, you may qualify for an interest rate of 2%
5% Mortgage Programme
If your family income is $30,000 or less, you may qualify for an interest rate of 5%
