Requirements for SSS Housing Loan for OFWs – What To Prepare in Applying

List of Requirements for SSS Housing Loan Offer for OFW Members

REQUIREMENTS FOR SSS HOUSING LOAN FOR OFWS – Here is a guide on the documents that you must prepare in applying for this loan offer of the Social Security System (SSS).

Most of the members of the Social Security System (SSS) are those individuals who are employed in the private sector. Another huge part of the members of the social insurance institution is composed of self-employed individuals. They contribute to the agency monthly as a preparation not only for the future but as well as for unforeseen circumstances.

Members of the SSS have something to turn to in times of financial emergencies, calamities, and sickness. The state-run institution got loans and benefits which actually have not only attracted the employees of private companies and the self-employed individuals but as well as those who are working abroad.

There are also a lot of overseas Filipino workers (OFWs) who have SSS memberships. They may also be entitled to loans.

One of the loan offers for OFWs that many members have considered is the SSS Housing Loan for OFWs. Truth be told that while many Filipinos earn big abroad, most of them struggle in saving a huge amount for a house as they are the breadwinners of their families in the Philippines.

Meanwhile, if you are an SSS member who works abroad, you may turn to the Social Security System for help in achieving the house you dream of for your family. First, to check if you are qualified to apply for the offer, feel free to visit – SSS Housing Loan for OFWs – Guide on Qualifications in Applying For It.

You might also like to check on how much you can borrow under it. You may visit – SSS OFW Housing Loan: The Minimum & Maximum Loanable.

Documentary Requirements for SSS Housing Loan for OFWs:

1. Original copy of…

• Mortgagor’s Application for Housing Loan with 1” x 1” ID pictures of Principal Applicant and Spouse
• Certificate of Loan Eligibility (CLE) – (P100 Service Fee)
• Certification from POEA/DOLE/OWWA/ SSS Foreign Representative Office or Philippine Embassy/Consular Office
• Deed of Sale or Contract to Sell with statement of latest balance for purchase of lot or house and lot
• Appraisal Report from Home Guaranty Corporation accredited appraisal companies
• Certificate of Acceptance and Occupancy duly signed by the borrower if house is 100% complete at the time of loan filing
• Duly notarized Special Power of Attorney (if filing is through a representative)

2. Original copy and photocopy of…

• Latest Contract of Employment and latest Employer’s Certification duly authenticated by Phil. Consulate
• Owner’s copy of the TCT/OCT/CCT
• Certified true copy of TCT/OCT/CCT issued by the Register of Deeds
• Latest Property Tax Declaration and Realty Tax Receipt

3. Other forms:

• Lot plan with vicinity map duly signed and sealed by Registered Surveyor or Geodetic Engineer (Blue Print)
• Building plans/specifications/picture of the house (Blue Print)
• A set of twelve (12) postdated checks covering twelve (12) monthly installments and shall be repeated every twelve (12) months thereafter until the loan is fully paid
• Tax Mapping/Subdivision Plan
• Affidavit of Undertaking to continue paying monthly SSS premium contributions for the duration of housing loan

Thank you for visiting Moneysense.ph and allowing us to help you with your concerns. We hope that we got your queries about this SSS loan offer answered. You may check on other articles on our website.

You may also visit – SSS Salary Loan: What Employers Must Do If the Worker Separates from Office