Guide on Pag-IBIG Housing Loan under 4PH Program You Might Like To Avail
PAG-IBIG HOUSING LOAN 4PH PROGRAM – You can check here a guide on how much you may borrow under the offer and its differnce from the regular loan.
Have you heard about the more affordable housing loan offer for the members of the Pag-IBIG Fund? It is under the Pambansang Pabahay Para sa Pilipino Housing Program or more popularly called the 4PH Program.
The joint collaboration of the DHSUD and the Pag-IBIG Fund aim to provide the members with a more affordable option for a residential property. There is an assistance provided to members who availed this loan offer. Another advantage is the completeness of the amenities and the convenience of proximity to work and transport hubs.
How much you may borrow under the Pag-IBIG Housing Loan under the 4PH Program? There is no exact amount that applies to all members as there are considerations set by the loan providers. Here are the basis considered under the program:
- member’s actual need
- member’s desired loan amount
- member’s capacity to pay for the loan
- Loan-to-Appraised Value Ratio
While the loanable amounts under the Pag-IBIG Housing Loan under the 4PH Program offer may vary, there are four (4) benefits that will apply for all borrowers. Here are the subsidies provided under the loan offer:
- Price Subsidy — the residential property comes with a lower cost under the Pag-IBIG Housing loan offer under the 4PH Program because of this subsidy
- Interest Subsidy — enjoy low monthly amortizations through this subsidy as part of the national government and the DHSUD assistance
- Amortization Subsidy — get monthly financial assistance from your local government unit to help you in paying for your loan due
- In-City Resettlement
Are you interested to apply for the 4PH Program? It is open not only for the qualified locally-employed and self-employed members of the Pag-IBIG Fund. It is also open for overseas Filipino workers (OFWs) members of the Fund.
However, it is important to note that there are varying requirements set under the loan offer. Here is a guide: