SSS Housing Loan Requirements You Must Submit To Apply — A GUIDE

Lists of SSS Housing Loan Requirements for Application Process

SSS HOUSING LOAN REQUIREMENTS – Here are the documents that you must submit to the Social Security System to apply for the offer.

One of the loans that members of the Social Security System may apply for is the SSS Housing Loan. It is designed to help the qualified members in financing their house repair and home improvement projects.

Under the offer, you can have your house repaired or improved and just pay for the expenses in light monthly installments for up to 20 years. In applying for the loan offer, the SSS Housing Loan requirements include both the personal documents of the borrower and the collateral documents.

Here are the personal documents of the SSS member-borrower that must be submitted to the Social Security System in applying for the loan offer:

• Application for Direct House Repair and/or Improvement Loan (2 copies)
• SS ID Cards of the principal applicant and his/her spouse, if applicable
• proof of income:
  • If employed…
    • latest Income Tax Return (original and photocopy for authentication)
    • Certification of Employment and Compensation duly signed by the employer’s SSS authorized signatory (original copy
    • payslips
  • If self-employed or a professional…
    • Income Tax Returns and Financial Statements for the last three (3) years (original and one photocopy)
  • If overseas Filipino worker (OFW)…
    • Contract of Employment and Certification of Employment and Compensation duly authenticated by the Philippine Consulate or SSS Foreign Representative

With regards to the collateral requirements, here are the documents that are part of the SSS Housing Loan requirements for application:

• Building or Renovation Permit issued/approved by the Building Official with Locational Clearance, Electrical Permit, Sanitary/Plumbing Permit and corresponding official receipts of payments (original and one (1) photocopy
• Certified true copy of the Original/Transfer/Condominium Certificate of Title (OCT/TCT/CCT) issued by the Registry of Deeds together with owner’s duplicate copy*
• latest Tax Declaration of Real Property (land and building) with the Official Receipt of Realty Tax Payment (original and one (1) photocopy)
• Lot/Location Plan prepared, signed & sealed by a licensed geodetic engineer with the following:
  • sketch of the lot with description of its boundaries
  • lengths and bearings of the tie line and sides of the lot
  • vicinity map w/ landmarks, street pattern, street names and lot distance as reckoned/based from the lot to the nearest street intersection (2 copies)
• Consolidation-subdivision plan approved by the Land Registration Authority or Bureau of Lands/DENR-NCR (15” x 20” size; primary document) (1 copy)
• complete set of building plan
• specifications and Bill of Materials & Labor must be signed & sealed by a licensed civil engineer or architect with owner’s conformity
• scope of Works showing list/itemized works to be done according to priority, prepared and signed by owner, civil engineer or architect. (original and one (1) photocopy)
• pictures of existing collateral; the existing house and lot
  • 1st – Front and one side
  • 2nd – Rear and other side
  • 3rd – Kitchen counter
  • 4th – Toilet and Bath Pictures