Cagamas purchases conventional Housing Loans (HL) granted for the purchase of residential houses originated by the financial institutions. In addition, staff HL originated by the public sector and selected corporations are also purchased by the Company.
- for financing or refinancing the purchase, construction or renovation of residential properties;
- fully disbursed;
- not more than 1 month in arrear at the time of sale;
- have a remaining life which expires on or after the Review Date;
- secured by a first charge or assignment of rights over the secured property; and
- comply with other criteria as per Cagamas' requirements