SSS Housing Loan for OFWs – Who Are Qualified
SSS HOUSING LOAN FOR OFWS – Here is a guide on the qualifications in applying for the housing loan offer of the Social Security System (SSS).
One of the biggest and most worthy purchases you can ever make is buying a residential property. It can be a house and lot, an apartment, a townhouse, or you can simply start with a vacant lot. That area is where you and your family can build your dream house.
Truth be told that a residential lot or property is one excellent investment, too. Its value increases as time pass. Most people who go abroad took the huge jump to be away from their families to give them a comfortable life – being able to send the kids to school, to buy a house, to get a car, etc.
However, another truth is that not all OFWs can save a lot for these big purchases. Meanwhile, for those who are members of the Social Security System (SSS), you can turn to the social insurance institution for some assistance.
Have you heard about the SSS Housing Loan for OFWs? The said loan offer is open for several purposes – to assist the member-borrower in house construction expenses, in purchasing a new residential property, and in buying an existing residential property.
To qualify to apply for the SSS Housing Loan for OFWs, the member-applicant must be:
- a certified Overseas Filipino Worker (OFW)
- a voluntary member of the SSS
- having at least 36 monthly contributions with 24 of it paid in a continuous manner in the period before the application
- not more than 60 years old at the time of the application
- having no previous housing loan to the SSS
- having no record of being granted final benefits by the SSS
- having an active SSS account of spouse
To apply for the said loan offer, you may visit the official website of the SSS.
You may also visit – SSS Salary Loan Interest Rate & the Maximum Loan Term.
