Guide on Pag-IBIG Housing Loan under 4PH Program You Might Like To Avail
4PH PROGRAM – Here’s a guide on the loanable amounts under the offer as well as the subsidy provided for borrowers under it.
In the Philippines, the Housing Loan offer of the Pag-IBIG Fund is undeniably one of the most popular housing loan offers. Countless Filipinos have achieved a comfortable home through this housing loan offer. Meanwhile, through the years, the Fund did not stop on upgrading its offers or collaborating with other state entities.
Now, aside from the regular Housing Loan offer of the Pag-IBIG Fund, it also has the Pambansang Pabahay Para sa Pilipino Housing Program or more popularly called the 4PH Program.
The 4PH program is a joint collaboration of the DHSUD and the Pag-IBIG Fund in their pursuit to provide the Fund members with an option that is more affordable in getting a residential property. The offer also highlights the completeness of the amenities and the convenience of proximity to work and transport hubs.
With regards to the loanable amounts under the 4PH program, the borrowing amounts may actually vary due to the consideration set by the loan providers. Meanwhile, here are the factors considered by the entities that provide the loan:
- member’s actual need
- member’s desired loan amount
- member’s capacity to pay for the loan
- Loan-to-Appraised Value Ratio
What makes the 4PH Program more affordable is that it comes with several subsidy types that can assist the members in paying for the amount borrrowed. Here are the subsidies under the offer of the Fund:
- 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
Do you want to apply for the 4PH program? This offer is not only up for the locally-employed and self-employed Pag-IBIG Fund members but as well as the overseas Filipino workers (OFWs).
If you want to apply for the loan offer to the Pag-IBIG Fund, here is a guide on the documents required by the state entity: