Pag-IBIG Housing Loan Requirements 2024 for Lot Purchase

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List of Pag-IBIG Housing Loan Requirements 2024 Members Must Submit to Apply

PAG-IBIG HOUSE CONSTRUCTION LOAN REQUIREMENTS 2024 – Here are the documents needed in applying for the loan to Pag-IBIG Fund.

Are you looking for an entity where you may apply for a loan to finance the purchase of a residential lot? If you are a member of the Pag-IBIG Fund, you may turn to its Housing Loan offer.

Pag-IBIG Housing Loan Requirements 2024 for Lot Purchase
Photo Credit: Philippine Information Agency

There are actually several Pag-IBIG Fund loans that are up for members of the government office which have updated accounts. Aside from the Pag-IBIG Cash Loan, the Fund has a housing loan offer which is the greatest contributor to its fame. It can finance several purposes including the purchase of a lot property.

Pag-IBIG Fund
Photo Credit: iMoney

Who are qualified to apply for the Housing Loan offer of the Pag-IBIG Fund? Here are the eligibility requirements under the Pag-IBIG Housing Loan offer:

  • active member with least 24 months savings
  • not more than 65 years old at the date of loan application
  • not more than 70 years old at the date of loan maturity
  • Legal capacity to acquire and encumber real property
  • No Pag-IBIG housing loan foreclosed, cancelled, bought back, or voluntarily surrendered
  • If with existing Pag-IBIG Housing account or Short Term Loan (STL), payments must be updated

There is also a specific list of Pag-IBIG Housing Loan requirements that you must prepare and submit to the Fund to apply for the financing of a lot property. Here are the documents needed in applying for the loan offer:

  • two (2) copies of the Pag-IBIG Housing Loan Application Form (HQP-HLF- 068/HQP-HLF- 069) with recent ID photo of borrower/co-borrower (if applicable)
  • one (1) valid ID of the applicable parties
    • Principal Borrower
    • Co-borrower
    • Seller
    • Developer’s Authorized Representative and Attorney-in-Fact
    • Spouses of the parties involved, if applicable
  • proof of Income
    • If employed, prepare any the following documents:
      • Certificate of Employment and Compensation (CEC)
        • indicating the gross monthly income and monthly allowances or monthly monetary benefits received by employee
        • duly signed by the authorized signatory of the employer
      • Latest Income Tax Return (ITR) for the year immediately preceding the date of loan application
      • one (1) month payslip, within the last three (3) months prior to date of loan application
    • If self-employed, prepare any of the following documents:
      • Commission Vouchers reflecting the issuer’s name and contact details (for the last 12 months)
      • ITR, Audited Financial Statements, and Official Receipt of tax payment from bank supported with DTI Registration and Mayor’s Permit/Business Permit
      • Copy of Lease Contract and Tax Declaration (if income is derived from rental payments)
      • Bank Statements or passbook for the last 12 months
      • 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
    • If overseas Filipino worker (OFW), prepare any of the following:
      • Employment Contract
        • Employment Contract between employee and employer or POEA Standard Contract
      • Notarized Certificate of Employment and Compensation (CEC)
        • CEC written on the Employer/Company’s official letterhead or CEC signed by employer
  • Transfer Certificate of Title (TCT)
  • Updated Tax Declaration (House and Lot)
  • Updated Real Estate Tax Receipt
  • Contract-to-Sell or smiliar agreement between buyer and seller
  • Vicinity Map/Sketch Map

Make sure to prepare the original copies of the documents. The Pag-IBIG Fund requires the presentation of the documents despire those that will be asked to be submitted in the form of photocopy.

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