Home Acquisition Loan

Home Acquisition Loan is a term loan with interest payable in fixed monthly installments, secured by a collateral of the same nature and value or greater .

Improve your future financial security by investing into something that does not expire. Turn your investment plans into reality! Apply for an AGDAO COOP Home Acquisition Loan today.

This loan product is specifically designed for the purchase of housing unit (house and lot, townhouse, or condominium unit)

• Who are eligible to borrow?
  • Members in good standing
  • With stable source of income (from employment or business) for at least 2 years
  • Not more than 65 y.o. at the time of loan maturity
• How much can be borrowed?
  • Up to 80% of the total selling price of the property (based on contract to sell)
  • Up to 70% of the total appraised value (for individual seller)
• What are the payment terms?
  • Up to 15 years
• How much is the interest?
  • 7.5% (10 years)
  • 8.5% (15 years)

Other fees also apply such as service fee, loan insurance, notarial fee.