List of Pag-IBIG Affordable Housing Loan Requirements for Self-Employed Members for Application
PAG-IBIG AFFORDABLE HOUSING LOAN REQUIREMENTS – If you are self-employed with a minimum wage, here are the documents required.
Undeniably, countless Filipinos love the services of the Pag-IBIG Fund as they have helped not only those with big salaries own a house but as well as minimum-wage earners. In fact, its Housing Loan is also open for low earners who are self-employed.
The Pag-IBIG Fund has several loans that its members may apply for. One of the loan offers is the Pag-IBIG Affordable Housing Loan that was crafted for minimum-wage earners who want to purchase a house of their own. Under the loan offer, the member-borrower may have monthly installments as low as P2,445.30.
The loan is payable for up to 30 years. It is open not only for the employed but as well as self-employed individuals who are members of the Fund. Are you interested to apply for the loan offer?
There are some Pag-IBIG Affordable Housing Loan requirements that you must prepare and submit to the Fund for application. The documents required by the Fund includes both documents of the member-borrower and those pertaining to the property involved.
For self-employed members who want to apply for the loan offer, here are Pag-IBIG Affordable Housing Loan requirements for application:
From Member-Borrower:
- Housing Loan Application with recent ID photo of borrower/co-borrower (if applicable) (2 copies)
- one (1) valid ID (Photocopy, back-to-back) of Principal Borrower and Spouse, Co-Borrower and Spouse, Seller and Spouse and Developer’s Authorized Representative and Attorney-In-Fact, (if applicable)
- proof of income (any of the following):
- ITR, Audited Financial Statements, and Official Receipt of tax payment from bank supported with DTI Registration and Mayor’s Permit/Business Permit
- Commission Vouchers reflecting the issuer’s name and contact details (for the last 12 months)
- Bank Statements or passbook for the last 12 months (in case income is sourced from foreign remittances, pensions, etc.)
- Copy of Lease Contract and Tax Declaration (if income is derived from rental payments)
- Certified True Copy of Transport Franchise issued by appropriate government agency (LGU for tricycles, LTFRB for other PUVs)
- Certificate of Engagement issued by owner of business
- Other document that would validate source of income
From Seller and/or Borrower:
- Transfer Certificate of Title (TCT) (latest title, Certified True Copy). For Condominium Unit, present TCT of the land and Condominium Certificate of Title (CCT) (Certified True Copy).
- Updated Tax Declaration (House and Lot) and Updated Real Estate Tax Receipt (photocopy)
- Vicinity Map/Sketch Map leading to the Property subject of the loan
How to Apply for Pag-IBIG Affordable Housing Loan?
Step 1 — Make sure that you have all the documentary requirements and submit them to Pag-IBIG Fund.
Step 2 — The Fund will update you about the Notice of Approval (NOA) and the Letter of Guaranty (LOG).
Step 3 — Get your Pag-IBIG Housing Loan proceeds.
Step 4 — Start paying your Pag-IBIG Housing Loan.