Guide on Requirements for 4PH Program Applicants Must Submit
REQUIREMENTS FOR 4PH PROGRAM – Here are the qualifications and the documents that self-employed Pag-IBIG members must submit to apply for the Housing Loan offer.
Are you one of the people who wants to have his/her own house soon but you are self-employed with a low monthly income? Worry no more, the Pag-IBIG Fund and the Department of Human Settlements and Urban Development (DHSUD) have partnered in an excellent program.
The Pag-IBIG Fund and the DHSUD collaborated for the Pambansang Pabahay Para sa Pilipino Housing or more popularly called the 4PH. Under it, you may avail affordable housing units because of the price subsidy. This is aside from the regular Pag-IBIG Housing Loan.
Who are qualified to apply for the 4PH Program? There are both eligibility and documentary requirements for the 4PH Program application. Here are the qualifications that an applicant must meet to qualify for the loan offer:
- a nominee of the local government unit (LGU) and DHSUD based on the prioritization of the beneficiaries in accordance with the following:
- a first-time homeowner (Non-first-time homeowners may still apply for the Housing Loan offer provided the interest subsidy will be waived
- within the low-income classification
- active Pag-IBIG member with at least 24 months savings
- not more than 65 years old at the time of the loan application but not more than 70 years old at the time of the loan maturity
- has legal capacity to acquire and encumber real property
- has passed the satisfactory background/credit and employment/business checks
- has no outstanding Pag-IBIG Short Term Loan (STL) in arrears at the time of application
- has no Pag-IBIG housing loan foreclosed, cancelled, bought back, or voluntarily surrendered
There is a specific set of requirements for the 4PH Program application in the case of self-employed individuals who want to apply for the loan offer. If you are a non-salaried individual, prepare the following documents for application to the Pag-IBIG Housing Loan:
- two (2) copies of completely filled-out Housing Loan Application Form
- one (1) valid Identification Card with photo and signature
- updated Real Estate Tax Receipt/s as of the quarter immediately preceeding the date of application
- Health Statement Forms
- proof of income:
- ITR (1 certified true copy) (BIR Form No. 1701) duly certified by BIR, Audited Financial Statements (1 photocopy), and Official Receipt of tax payment from bank supported with DTI Registration and Mayor’s Permit/Business Permit (1 photocopy) and sketch of business location.
- Commission Voucher (1 photocopy) or Certification of commission received (1 original copy) reflecting the issuer’s name and contact details (for the last 12 months).
- Bank Statements (1 original copy) or passbook (1 photocopy) for the last 12 months (in case income is sourced from foreign remittances, pensions, etc.) with authorization from the depositor to conduct bank verification indicating the following information (account name, type, number, opening date, depository bank, signature over printed name of depositor and details of credit investigator from Pag-IBIG Fund).
- If income is derived from rental payments, submit a Notarized Lease Contract and proof of ownership or rights over the property subject of lease (1 photocopy)
- Certified True Copy of Transport Franchise issued by appropriate government agency (LGU for tricycles, LTFRB for other PUVS, MARINA for sea transportation) and a valid Official Receipt/Certificate of Registration (1 photocopy)
- Certificate of Engagement issued by owner of business/person availing of services (1 original copy)
- ITR BIR Form No. 1701 for fees on professional services, commissions, or services rendered for the last 12 months. You should submit ITR BIR Form No. 2307 (1 photocopy) to support/supplement the income document mentioned above.
- Other documents that would validate source of income
How To Apply for Pag-IBIG 4PH Program
Step 1 — Visit your local government unit (LGU) and ask the secretary regarding the Pambansang Pabahay Para sa Pilipino Housing or the 4H Program so you will be listed as a beneficiary under it.
Step 2 — Inquire to your LGU about the projects of the 4PH Program in your place. Pick the program you wish to avail and submit the requirements set by the LGU in the pre-qualification assessment.
Step 3 — Make sure that your Pag-IBIG Housing Loan Application Form is ready. The local government unit will submit the list of qualified applicants to Pag-IBIG Fund for the Pag-IBIG Housing Loan assessment and processing to start.
Step 4 — A pre-qualification assessment will be done by the LGU to finalize the official list of the beneficiaries of the 4PH Program.