List of Pag-IBIG Affordable Housing Loan Requirements for Locally-Employed Members for Application
PAG-IBIG AFFORDABLE HOUSING LOAN REQUIREMENTS – If you are locally-employed with a minimum wage, here are the documents required.
In the Philippines, one of the state entities with multiple housing loan offers is the Pag-IBIG Fund. Its loan offers also attend to several purposes including the financing of residential property acquisition, house construction, home renovation, existing home loan take-out, or combined purposes.
The Pag-IBIG Fund offers a regular Housing Loan as well as a Pag-IBIG Affordable Housing Loan specially-made for minimum-wage earners. It is open not only for locally-employed individuals who are members of the Fund but as well as self-employed individuals and OFWs who got low income.
In applying for the loan offer, there are Pag-IBIG Affordable Housing Loan requirements that the member-borrower must prepare and submit to the Fund. The documents required vary among the locally-employed, self-employed, and OFW members.
In the case of locally-employed members of the Fund, here are the Pag-IBIG Affordable Housing Loan requirements for application:
From Member-Borrower:
- Housing Loan Application with recent ID photo of borrower/co-borrower (if applicable) (2 copies)
- one (1) valid ID (Photocopy, back-to-back) of Principal Borrower and Spouse, Co-Borrower and Spouse, Seller and Spouse and Developer’s Authorized Representative and Attorney-In-Fact, (if applicable)
- proof of income (any of the following):
- Certificate of Employment and Compensation (CEC), indicating the gross monthly income and monthly allowances or monthly monetary benefits received by the employee (1 original copy) duly signed by the authorized signatory of the employer. For system generated CEC, the signature of authorized signatory of the employer must be reflected in the said CEC.
- Latest Income Tax Return (ITR) for the year immediately preceding the date of loan application, with attached BIR Form No. 2316, duly acknowledged by the BIR or authorized representative of employer. (1 photocopy)
- One (1) Month Payslip, within the last three (3) months prior to date of loan application with name and signature of the authorized signatory of employer. (1 certified true copy)
From Seller and/or Borrower:
- Transfer Certificate of Title (TCT) (latest title, Certified True Copy). For Condominium Unit, present TCT of the land and Condominium Certificate of Title (CCT) (Certified True Copy).
- Updated Tax Declaration (House and Lot) and Updated Real Estate Tax Receipt (photocopy)
- Vicinity Map/Sketch Map leading to the Property subject of the loan
How to Apply for Pag-IBIG Affordable Housing Loan?
Step 1 — Prepare the documentary requirements and submit them to Pag-IBIG Fund.
Step 2 — Wait for an update regarding the Notice of Approval (NOA) and the Letter of Guaranty (LOG).
Step 3 — Receive your Pag-IBIG Housing Loan proceeds.
Step 4 — Start paying your Pag-IBIG Housing Loan.