Guide on Pag-IBIG Home Improvement Loan Requirements – What You Need to Prepare
PAG-IBIG HOME IMPROVEMENT LOAN REQUIREMENTS – Here is a list of the documents you need to submit in applying for Pag-IBIG Housing Loan.
If you are looking for a home loan offer that accepts the purpose of financing a home renovation or improvement, you may turn to Pag-IBIG Fund provided that you are a member of the said government agency.
Do you want to know the qualifications set by the government agency under this loan offer? Feel free to visit – Pag-IBIG Home Loan Qualifications: Who Are Qualified to Apply for Pag-IBIG Housing Loan.
Pag-IBIG Home Improvement Loan Requirements
Basic Requirements. Here are the documents that you need to submit upon the loan application:
- photocopy of one (1) valid ID (back-to-back) of Principal Borrower and Spouse, Co-Borrower and Spouse, and owner of title (for accommodation mortgage), if applicable
- Housing Loan Application with recent ID photo of borrower/co-borrower (if applicable) (2 copies, HQP-HLF-068/069)
- photocopy of Transfer Certificate of Title (TCT) (latest title, photocopy). For Condominium Unit, present TCT of the land and Condominium Certificate of Title (CCT)
- Proof of Income
- Vicinity Map/Sketch of the Property
- photcopy of updated Tax Declaration (House and Lot) and Updated Real Estate Tax Receipt
- Building Plans, Specification with Bill of Materials duly signed by the Licensed Civil Engineer or Architect
Other requirements. Here is the list of the documents you must prepare and submit prior to the release of your Pag-IBIG Home Improvement Loan requirements:
- TCT/CCT in the name of the borrower/co-borrower/s (if applicable) (Certified True Copy) with proper mortgage annotation in favor of Pag-IBIG Fund (RD’s copy)
- owner’s duplicate copy of TCT/CCT in the name of the borrower/co-borrower/s (if applicable) with proper mortgage annotation in favor of Pag-IBIG Fund
- Building Plans/Electrical/Sanitary Permits duly approved by the building officials
- updated Tax Declaration (House and Lot) and Updated Real Estate Tax Receipt (photocopy) in the name of the borrower/co-borrower/s or lot owner (for accommodation mortgage), if applicable
- occupancy Permit
- loan mortgage documents:
- Loan and Mortgage Agreement duly registered with Registry of Deeds with original RD stamp (HQP-HLF-162/163)
- Duly accomplished/notarized Promissory Note (HQP-HLF-086/087)
- Disclosure Statement on Loan Transaction (HQP-HLF-085)
You may also visit – Pag-IBIG Housing Loan Calculator: Here’s To Check about your Loanable Amount
