You’ve seen the property that you want to acquire, checked it out repeatedly, in fact, and you’re convinced that it’s the right one for you.
You’re a Pag-Ibig fund member and want to acquire the house and lot or the lot where you want to build your home through a Pag-Ibig housing loan but don’t know how to go about it.
Let these easy steps published in the Pag-Ibig publication “Pabahay ni GMA” and posted in the agency’s website guide you.
1. Attend a housing loan counseling session at the Pag-Ibig Fund office nearest you.
Applicants are asked to accomplish a preliminary loan counseling questionnaire, housing loan application form, and membership status verification slip (MSVS).
Based on these documents, Pag-Ibig officers will determine if the applicant is eligible for a housing loan. Eligible applicants are then given a checklist of requirements that they must comply with before they move on to step 2 in the list.
The requirements include: certificate of employment with salary breakdown (notarized), latest 1 month payslip, Income Tax Returns (ITRs) and W2 for the last two years, photocopy of a company ID or any valid ID with signature, proof of billing, birth certificate, marriage certificate, community tax certificate, and 1×1 picture (4 pieces).
For overseas workers, the requirements are: a special power of attorney (SPA), ID with signature of person designated in the SPA, photocopy of passport (pages 1 and 2), latest job contract, and POP contribution with record book.
To know some eligibility requirements of the agency, check out Pag-Ibig’s housing loan guidelines.
2. Submit to Pag-Ibig your loan application form together with all the requirements in the checklist and pay the processing fee of 1,000 pesos. The amount is non-refundable, even in the case that your loan gets disapproved.
3. Wait for notice of approval or letter of guaranty from Pag-Ibig on your housing loan. After your loan is approved, you will need to sign loan documents at the Pag-Ibig office.
4. Proceed to the Bureau of Internal Revenue (BIR) and present the deed of absolute sale between you and the owner of the property. You will also need to submit other necessary documents like tax declaration and tax receipt or clearance for the payment of capital gains tax and documentary stamps tax and secure Certificate Authorizing Registration (CAR).
If you want to know beforehand how capital gains tax and documentary stamps tax (DST) are computed, check out this post on taxes in real estate transactions.
5. After getting CAR from BIR, proceed to the notary public and have your Loan Mortgage Agreement (LMA) notarized.
6. The next agency to visit is the Registry of Deeds where applicants will need to pay transfer tax and registration fees for the transfer of title and annotation of mortgage.
7. If you’ve taken out a loan to purchase a new residential unit or a lot where you’ve had a house constructed, you need to secure an occupancy permit from the engineering office in the city or town where the property is situated.
8. Next stop is the Assessors Office where you will need to secure a tax declaration for your property, which may be a house and lot or lot only. This is to be used as basis for your real property taxes.
9. After visiting other government agencies, you need to go back to the Pag-ibig Fund Office, armed this time with the following documents:
* Original Transfer Certificate of Title in your name which has the mortgage annotated on it
* DOAS with original RD stamp
* New tax declaration
* Updated real estate tax receipt
* Occupancy permit
* Assignment of loan proceeds
10. The second to the last step is to receive the loan proceeds that you will use to pay the seller of the property.
11. The last step is to start paying the monthly amortization base on the scheduled date.
Interest rates are at six percent for loans up to 300,000 pesos, 7 percent for loans above 300,000 to 750,000 pesos, and 10.5 percent above 750,000 and up to 2 million pesos.
what if im working here in japan..what are your requiremets…
hello…my husband applied for a housing loan and the unit was ready for take out now… i just want to know if i can avail housing loan for the development of the said unit that my husband applied. thnk
hi,
are there any list of houses/developers that is accredited by pag-ibig loan in batangas? preferably santo tomas. and is it covered by the one that was being said on Mr Noli De Castro’s commercial?
Sir/madam,
Asked ko lang po I am OFW here in Saudi Arabia nakbili po ako ng house and lot sa DECA Homes Marialo, Bulacan thru Sulit.com.ph ngayon po nakatira na ang family ko sa house na iyon at patuloy parin po akung nag huhulog sa kanya included our agreement to pay mothly for her payments to pag-ibig at mothly for house reinbersment,
Paano ko po maililipat sa pangalan ko ang housing loan at ako na po ang mag mohly payments sa Pag-ibig.
Thanks.
Jimmy M.
How long does it takes before the pag ibig housing loan does approve? I already got pag ibig through verdantpoint developer and done paying with equity. I need to know how long how does it takes to approve the loan?
last 4yrs. nagfbakasyon ko nag-atemp ko na magloan in one realstate then everything almost tapos na nagbayad pa nga yong anak ko ng 1month contributionas recontenuation. then nag stop ulit ko due to circumtances. pwede ko ulit maituloy yon or back ako again sa 1st step.
dear sir/madam:
Good day!
im a pagibig member and i successfully paid 2 years contribution..i want to apply a housing loan..im a self employed but i just renting a place of my business area..i have no business permit and income tax to comply as some requirements for housing loan since im not the owner of the area.but i have the capacity to pay the monthly amortization if granted..what should i do to make my application will be approved even i dont have business permit?please help me? i need ur idea or advices…
sincerely yours,anelyn
i need ur answer very soon! thanks u so much…God bless us all!
Hi… my girlfriend took a loan for a lot and she want me to take the half of the land and put in my name in legal ways, but i want also to take a loan for the half of the land, but im not wet a member but im willing to be a member if its posible, so it will be separately payment for the half of her land and the half of the lot that she want to share with me, the thing is, im in abroad and we want to do that when i come back in the philippines, its posible to be a member in pagibig while im out of our country, is that posible, hopefully that you will reply and answer my questions soon in the fastest way. thanks a lot.
There are housing unit that has high equity, is it possible for the equity to be included in the housing loan? Our monthly contribution to pag-ibig is more than the mandatory deuction set for government employees.
i just want to know if my daughter is qualified to apply for a pagibig membership and later on apply for housing loan.while she had a pr in singapore.she works as a flight stewardess in singapore.if she is qualify tells us whats the requirements.and i will also ask if my son can apply for a membership while his only requirement is barangay clearance business permit.Do i have to get an itr for this.and he can also qualify for a housing loan partner of my daughter.meaning they are co-owner if they get a housing loan.hoping for your prompt response so i can arrange all the neccessary requirements if they are both qualified.thank you very much for the assistance
Magandang gabi po,
Isa po ako sa aktibong member ng pagibig, almost 4 years na po, may isa pong house in lot dito sa aming lungsod na ibinibenta na ng may-ari, nakuha nya rin po yung house in lot through pabibig financing,at may 1 year pa po syang huhulugan sa pagibig. ang tanong ko po is, pwede po ba na mag file ako ng housing loan,na itutuloy ko po yung hulog sa pagibig, at yung rights po na hinihingi ng owner nung house in lot?pupwede ko po bang kunin yung pambayad sa rights dun sa i lo-loan ko sa pagibig na housing loan? sana po matulungan nyo po ako..
Magandang gabi!
sir / madam
isa akong pag ibig member at ofw ako dito sa jeddah saudi arabia ,gusto ko po sanang ipagpatuloy ang paghulog, gusto ko rin malaman kung pwede narin akong mag loan kase dati nman ako naghuhulog kaya lng di ko alam kung pwede na ako magloan, at san po ako pweding maghulog dito sa jeddah.. salamat po……
Hello to All,
isa ako OFW at plano ko ring mag apply ng housing loan. ask ko lang, ano ba mga disadvantage if sa PAG-IBIG ako mag apply ng housing loan? kasi at least para sa mga nagpaplano tulad ko na maka avail ng housing loan, kailangan din ako aware sa mga negative na posibilities. kasi hindi rin basta2x na amount ang involve nito.
Ask lang po ako pano ang prOcesS pg kumuha ng pagibiG loan ang mOther ko gs2ng bumili ng hous so i sugGest sa pagibiG nlng. ,oFw sya. ,ahm pwdi po humingi ng coMplete record kung mgkaAno.
.slamat’sna my resPoNse.
Happy new year!
I just want to us how can i avail a housing loan and what are the requirements? i am active member of PAGIBIG since 1999 onward.
Thank you so much.
hi!
my fiancee acquired a lot from cmp,(community mortgage program),he is also a pag ibig memeber. Is he qualified for the pag ibig loan ,for building a house even were not fully paid the total price of the lot?or after we get married, can we used a joint loan for building a house?
i really want to apply a housing reconstruction loan can u help me thru this pag ibig benefit? can u give me the requirements, terms & conditions regarding this matter.. thanks a lot.
Hi,
Upon submission of my loan requirements (assuming that i am qualified to have the loan), how many days does it take for PAG IBIG to release the Letter of Guaranty or Notice of Approval?
dear sir/maam,
im a member since last year and i only paid my first month.now,it’s been 1 year haven’t pay my monthly contribution because of a big financial problem before.it was already settled and i continue paying my contribution.i paid for 6 months contribution from every month in four months in a row…so totalling 25 months already.my question is: if i will apply a housing loan,does it affect my performance paying my monthly contribution for approval?
im planning to loan middle this year…please,need your advice.thanks! God bless
I’m a Private Employee as of 1997. Im seeking to avail a Home Improvement Program of HDMF. My Basic Salary Pay is only amounting to 11,600. and I have my present Pag-ibig Salary Loan and will start on March 2010 with monthly amortization of 1,053.19 for 2yrs.
If ever i decided to apply for the Home Improvement Loan can Pag-Ibig deduct my Loan on MPL? How much can be the max. proceed of my Home Improvement Loan? How long is the terms of payment? And how much is the monthly amortization will be? Please also advise what could be the requirements?
i want to know if i’m eligible to get the housing loan even if not working in the company but i have own business i will able to pay monthly
i just want to ask, if my husband needs to fill up a pag-ibig membership form in saudi arabia if he is already an inactive pag-ibig member here in the philippines. tnx
hello, I am a Chinese citizen, born here in the Phils., and married to a naturalized Filipino since 1987. I am now 47 years old, have 3 children, and an active member of Pag-ibig for almost 6 years. Can i apply for a pag-ibig housing loan since my husband is not a Pag-ibig member. He is jobless for almost 15 years since he had a stroke. Please help. I am getting old and want to have a house of my own. Thanks and more power to Pag-ibig programs.
gud pm ask lng po ako my daughter works as a call center agent in manila.she plans to apply for ahouse and lot purchase loan thru your good office.dito sa davao plan nya bumili.saang office ng pagibig ba sya dapat mag apply.i need your advice as soon as possible. thank you so much…
ask ko lng po gusto ko po mag aply ng housing loan para sa new house and lot pwede po ba ako maka avail nun .im a co borrower ng husband ko sa kanyang hounsing loan.at hindi pa po kami updated dun,pero may plan naman po kmi i update ang payment dun if possible bayaran na lahat ng arrears.paano po ang prosesso o pwede ba itransfer nlang yun loan ng husband ko sakin ?
hello po…
May nabili po ako lot sa malolos bulacan at gusto ko pa sana mag loan sa pag-ibig for contruction kaya lang sa april pa ang release nung title na nakapangalan sa akin…
pwede po ba yong letter from developer na fully paid na ako i-submit sa pag-ibig at contract to sell at deed of absolute sale…to follow na lang po title..
maraming salamat!
..nagtatrabho po ako sa spa at ang sahod q po ay by commissions lang.may pag ibig po aq kaso po ng 1996 pa po un..pwd pa po ba ako maka avail ng housing loan?by the way im 37 years na po ngaun at eleven months palang sa work q…salamat po
helo po gud day po!
i just want to ask if papano poh aq makapagapply ng housing loan may binibenta po kasi bahay ung pinsan and im planning to apply for pagibig may husband is an OFW,if ever po ba magapply kmi how long does it take para maaprove yung loan namin.and yong bahay po kasi na benibenta is cash.i was a member dati pero nastop po yun nong maendo ako sa work qualified po ba kami if babayaran namin ng buo ang 2years na bill?
maraming salamat and sana mabigyan nyo ng kasagutan ang aking mga katanungan….
best regards grace yambao
kumuha po ako ng bahay sa apec through pag ibig ang taga lakad ko po dyan ay ang kapatid ko .nakabayad na po ako ng equity,at ang titira ay ang kapatid ko at ako po ay uuwi sa pasko ang tanong ko , ay ilang buwan ba ang paghihintay bago sila maka lipat