![]() ![]() In exchange of this guaranty, HDMF offers higher loan amount allowing buyers to produce less equity and makes the property more affordable.ġ.1 Purchase of a fully developed lot not exceeding 1,000 square meters which should be within a residential area.ġ.2 Purchase of lot and construction of a residential unit thereon.ġ.3 Purchase of a residential house and lot, or condominium unit inclusive of parking slot, which may be old or brand new.ġ.4 Construction or completion of a residential unit on a lot owned by the member. HDMF – Home development mutual fund, otherwise known as Pag-ibigīuy Back Guaranty – A guaranty given by a Developer to HDMF that in case the borrower is in default of payment, the former buys it back from the latter.
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