Guide on Pag-IBIG House Construction Loan Requirements – What You Need to Prepare
PAG-IBIG HOUSE CONSTRUCTION LOAN REQUIREMENTS – Below is a list of the documents that you must prepare and submit in applying for Pag-IBIG Housing Loan for the purpose of house construction.
Pag-IBIG Fund is one of the agencies that has helped a lot of people obtain residential properties in light monthly installments. It has opened its Housing Loan offer for the financing of several purposes – residential property acquisition, house construction, home renovation, and existing home loan take-out.
There are specific Pag-IBIG Hous Construction Loan requirements that are different from the documents required in applying under Pag-IBIG Housing Loan for another purpose.
Basic Requirements. Here is a list of the documents that you must prepare and submit to Pag-IBIG Fund upon the loan application:
- Housing Loan Application with recent ID photo of borrower/co-borrower (if applicable) (2 copies, HQP-HLF-068/069)
- photocopy, back-to-back of valid ID of principal borrower and spouse, co-borrower and spouse
- proof of income
- original and photocopy of updated Real Estate Tax Receipt and Updated Tax Declaration
- Building Plans, Specification with Bill of Materials duly signed by the Licensed Civil Engineer or Architect
Required Documents for Loan Release. Here is a list of the documents that are required prior to the release of the Pag-IBIG Housing Loan for home improvement purpose:
- photocopy of updated Real Estate Tax Receipt and Updated Tax Declaration
- Occupancy Permit
- Building Plans/Electrical/Sanitary Permits duly approved by the building officials
- Loan Documents
- Notarized Loan Agreement (For ROPA Accounts with House Construction or Home Improvement) (HQP-HLF-596)
- Duly accomplished/notarized Promissory Note (For ROPA Accounts with House Construction or Home Improvement) (HQP-HLF-597) for each loan release
- Disclosure Statement on Loan Transaction (HQP-HLF-085
You may also visit – Pag-IBIG Cash Loan: Minimum & Maximum Loanable Amounts under this Offer