sa akin na … This is open for salaried, self-employed, and OFWs up to the age of 65 years old. This service allows members with assigned Pag-IBIG Membership ID (MID) or Registration Tracking No (RTN) to accomplish and submit their Housing Loan Application online. Disclosure Statement on Loan Transaction (HQP-HLF-085). Basic Requirements (Upon Loan Application) Housing Loan Application with recent ID photo of borrower/co-borrower (if applicable) (2 copies); Proof of Income (see Income Document); One (1) valid ID (photocopy, back-to-back) of Principal Borrower and Spouse, Co-Borrower and Spouse, and owner of title (for accommodation mortgage), if applicable. In case of default of our payment, the value of our property is too big in consideration for the loan that we will get. 8. The Pag IBIG Fund, also known as the Home Development Mutual Fund (HDMF), was established on June 11, 1978, by virtue of Presidential Decree No. Your Pag IBIG savings also serve as collateral that will qualify you not just for housing loans but also for other Pag IBIG products like calamity loans and multi-purpose loans. 7. For both housing loan providers, the final loanable amount depends on several factors or criteria set by the provider itself. 15303 to serve the two basic needs of Filipino workers: eval(ez_write_tag([[580,400],'filipiknow_net-medrectangle-3','ezslot_2',182,'0','0']));In other words, Pag IBIG isn’t just a government agency you go to if you want to secure a housing loan. Proceed to the BIR for payment of Documentary Stamp Tax. Refinance an existing housing loan or mortgage + Home improvement. There are a lot of lessons to be learned here and we will discuss some of them after. All materials contained on this site are protected by the Republic of the Phlippines copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of filipiknow.net or in the case of third party materials, the owner of that content. Updated Tax Declaration (House) in the name of the borrower/ co-borrowers. a. Secretary’s Certificate on the Authorized Signatory of the Developer/Corporation/Association. f. Carefully assess your current income and determine how much of it you can set aside for the monthly amortization. 1. How can I apply for a Pag IBIG housing loan if I’m an OFW? In case you get denied, you’ll receive a Notice of Disapproval (NOD) along with your loan documents. This is for applicants with above-average gross monthly income. Buy a fully-developed lot not exceeding 1,000 sq.m. Consider Getting a Co-Borrower. 1. The following is a list of valid government-issued IDs accepted by Pag IBIG Fund: e. Latest Certified True Copy of the Transfer Certificate of Title (TCT). b. Notarized SPA for Accommodation Mortgagor. Government Service Insurance System (GSIS) eCard, Integrated Bar of the Philippines (IBP) ID, Government Office and GOCC ID (e.g. Pagibig Home Construction Loan Experience. Loan Entitlement Based on Capacity to Pay How to Apply for Pag-IBIG Housing Loan: An Ultimate Guide. Also, some of these institutions may help you achieve your dreams sooner. Normally, the purchase price is also the current market value of the property. AFP ID, Pag-IBIG, Overseas Workers Welfare Administration (OWWA) ID, Seafarer’s Identification and Record Book (SIRB). The seller, if the loan purpose is one of the following: Purchase of Residential Unit, Lot Purchase, or Purchase of Lot and Construction of House. But getting a Home Construction Loan is something you should really spend time thinking through. e. No previous Pag IBIG housing loan that ended up with the borrower’s property being foreclosed, brought back to default, canceled, or surrendered (dación en pago). 1530 Instituting a System of Voluntary Contributions for Housing Purposes, Implementing Rules and Regulations of Republic Act No. The Pag IBIG housing loan is intended for homes that need more serious and costly repairs. Whatever you want to use it for, the Pag-IBIG Housing Loan is an affordable way to own a home. i. Why did I say in a prior paragraph that Home Construction Loan is a bit tricky? I am in a dilemma right now and i hope you could answer my query. Preferred Pag IBIG branch office where you’ll submit the application form and housing loan requirements. Submit complete Requirements to Pag IBIG Fund. Related: How to Compute Your Pag-IBIG Contribution: A Complete Guide to Contribution Table and Payment. Building Plans, Specification with Bill of Materials duly signed by the Licensed Architect or Civil Engineer. Certified True Copy of Transport Franchise issued by the authorized government agency like the LGU for tricycles and LTFRB for other PUVs. These checks will cover 1-year monthly amortization. Don’t forget to get the Pag IBIG Fund Receipt. In building their dream house or buying a property, Filipinos usually count on two housing loan providers: Pag-IBIG Fund and banks. Through the said law, Pag IBIG membership has become mandatory for all Filipino workers whether hired by a local or foreign employer. Membership Status Verification Slip – The HDMF Office can provide you with this upon your request. If you are a member of the different government agencies and institutions, you have something to turn to in times of need. Always claim and keep the receipts from Pag IBIG each time you issue a check. b. Applicants must submit two sets of fees and requirements–one during the loan application and another upon or prior to loan release. 4. If you don’t have a Virtual Pag-IBIG account yet, here’s a step-by-step guide on how to create one. ( See also: The Fundamentals of Pag-IBIG Housing Loan ) The first three items listed above are easy to understand and they are the most common types of housing loans that members of Pag-IBIG avail. Check if you’re eligible to apply for the Pag IBIG housing loan. Can a Pag IBIG member apply for multiple/additional housing loans? Is there any way we can ask for reconsideration on this? Top 4 Reasons Why You Should Not Buy A House, Email Exchange: Maximum Loan, Reactivating Member, Capital Gains Tax, Other Real Estate Fees You Should Know, Home Improvement, Renovation, Construction Loan, Specifications and Bill of Materials duly signed by the Licensed Civil Engineer or Architect, Building, Electrical, and Sanitary Permits. Take note that LOG is not applicable to housing loans intended for house construction or home improvement. Hello! Collection Servicing Agreement with Authority to Deduct Loan Amortization or Post Dated Checks, if applicable. Real Estate Agents: Should You Work With Them? If you’re applying for a loan to purchase a condominium unit, present TCT of the land and a Certified True Copy of the Condominium Certificate of Title (CCT). The best part of being a Pag IBIG member is you get to keep all your contributions into your own savings account. A handling fee of Php 2,000 for every additional check issued for split payment of loan proceeds. The amount will be based on the lowest of the following: the member’s actual need, his loan entitlement based on capacity to pay, and the loan appraisal value ratio. How much can I borrow from the Pag IBIG housing loan? conducted by the Pag IBIG Fund. For more information, please jump to the previous section containing the complete list of Pag IBIG housing loan requirements. Luisito E. Batongbakal Jr. is the founder and chief content strategist of FilipiKnow, a leading online portal for free educational, Filipino-centric content. Not more than 65 years old; No existing multi-purpose loan in arrears; No other PAG IBIG housing loan that had been foreclosed, cancelled or bought back A fee of Php 1,000 will also be charged for every re-evaluation or re-filing of the housing loan application. To qualify for a Pag-IBIG Fund housing loan, one must meet the following requirements:1 Be a Pag-IBIG Fund member who has made 24 consecutive monthly payments (or pay a lump sum that is equal to 24 monthly payments)2 Be no more than 65 years old on the date of the application, and not over 70 years old at loan maturity3 Be legally able to acquire and encumber real property4 Pass background/credit and employment/busines… For minor home improvement or renovation, you can avail of the Pag IBIG Multi-Purpose Loan instead. Deed of Absolute Sale duly registered with Registry of Deeds with original RD stamp. Although the categories may have different target readers, they all have the same mission: to educate, empower, and inspire Filipinos to contribute to our country even in small ways. How much will Pag IBIG deduct from my salary if my housing loan is approved? For Construction of House/Home Improvement. Upon loan takeout, an equivalent of one-month amortization will be deducted from the loan proceeds. To claim the check/loan proceeds, present 2 valid IDs (see step 4 for a list of valid IDs accepted by Pag IBIG) at the Cash-Disbursement Division-Loans Support Services Department/Members Services Branch. Employment Contract (Employment Contract between the employer and the employee or POEA Standard Contract). + Build a residential unit on the said lot. d. For the employed, the key to getting approved is to show you have a solid employment history. Required fields are marked *. The check can only be released to the borrower or any one of the following: The borrower will also be required to bring 12 PDCs (post-dated checks) if the payment is not through salary deduction (see next step for more information). Is your income insufficient or unstable to qualify for a loan? Personal information like your e-mail address, cell phone number, homeownership, years of stay in present home address, occupation, years in employment or business, number of dependents, gross monthly income, etc. Search 12,547 Work From Home jobs now available in Laval, QC on Indeed.com, the world's largest job site. 2. Take note that Pag-IBIG offers two options to finance home improvement. Home Development Mutual Fund (HDMF), popularly known as the Pag IBIG housing loan fund, is a government-owned agency. Continue reading to find out the PAGIBIG home loan requirements and, who knows, you might be able to buy and own that dream house of yours this year! Use the Pag IBIG’s housing loan affordability calculator to help you estimate the loan amount and monthly amortization based on your income and other factors. It is also important to note that: But come to think of it. Below are the standard requirements for a Pag-IBIG housing loan. It’s also something you need to understand very well before even attempting to submit an application. Start paying your monthly amortization. How much will Pag IBIG deduct from my salary if my housing loan is approved? But these said homes must be part of the community mortgage program (CMP) or a specific housing project. The loan can support you financially if you’re planning to do one of the following: Pag IBIG also allows borrowers to avail of the housing loan for a combination of the above-mentioned purposes. He wanted to be the primary applicant and I'll be the guarantor/co-signer. Other documents that can validate or prove your source of income. I applied for a housing loan some 3 years ago for lot purchase thru pag ibig. At this point, the only thing standing between you and the release of the Pag IBIG housing loan is the list of requirements in the Notice of Approval. Income Tax Return filed with the OFW’s host country or government. Some factors that affect your approved loan include: ( See also: Income, Contributions and Loan Amount ). Can Pag IBIG provide assistance? The government-mandated Home Development Mutual Fund, more popularly known as the Pag-IBIG Fund, gives its contributing members the power to finance their home purchase at a more affordable rate, as compared to the rates offered by real estate developers and banks. I know it will affect the term ng loan if yung dad ko ung magloan. Either of these two documents: Subsidiary Ledger or Official Receipt for the past 12 months (or any valid proof of payment). Give your home a major repair or overhaul. Not more than 65 years old at the time of loan application and not more than 70 years old at loan maturity. Submit complete requirements to Pag IBIG Fund. g. Vicinity map or sketch of the property. According to Pag-IBIG Fund Circular no. PAG-IBIG even lowered the interest rate from 5.375% to 4.985% per year for a 1-year repricing loan. My dad is planning to get a home construction loan but he's nearly 60. 5. Having a house they can call their own is every Filipino family’s dream. Php 900,000 is the loanable amount you can request in the Pag-IBIG Housing Loan. Early this year we decided to apply for house construction loan as an additional loan to pag ibig. 5. Your email address will not be published. Buy a residential unit (old or new) + Home improvement. For instance, applicants who got approved for a Php 450,000 housing loan can pay less than Php 2,000 every month with an interest rate of only 3% for the first five years. It also took me around 50K to complete all requirement bago nirelease yung 1st check. All documentary requirements must be notarized at the place or city where they are executed. You may not alter or remove any trademark, copyright or other notice from copies of the content. In an era of fake news and superficial listicles, this website aims to enlighten, inspire, inform, and entertain in ways that no mainstream media company is gambling on. Buy a residential house and lot, condominium unit, or townhouse (inclusive of the parking lot). f. Photocopies of the updated Tax Declaration (house and lot) and Real Estate Tax Receipt. Plus: Dividends, Lost Land Title, etc, 5 Home Buying Strategies When Money is Tight, How To Become An Expert in Pag-IBIG Housing Loan in 25 Minutes or Less, 3 Stupid Things People Do With Their Mortgage Loan. The amount you are approved for will depend on your need, capacity to pay, and loan-to-appraisal value ratio. Buy a residential lot + Build or construct a house/residential unit + Transfer of title to the borrower. Learn how to renew NBI clearance in 2020 through two quick and easy ways. Most of the time, far lower than that amount. 6. Other methods of payment that the Pag IBIG Fund may implement in the future. However, the combinations are only limited to the following: Lastly, Pag IBIG can also finance one or more of the loan purposes as well as the transfer of the title. Buy a residential lot + Transfer of title to the borrower. PAG IBIG: BANKS: Must be a member, and must have 24 monthly contributions to qualify. The Home Development Mutual Fund (Pag-IBIG Fund) is offering promotional rates on its home loans until the end of 2020 to help members acquire homes and boost the country’s economy amid the coronavirus disease 2019 (Covid-19) pandemic. Required Fees and Documents (Upon Loan Application). Pag-IBIG Circular No. Such is the effectiveness of the Pag IBIG Fund in providing ordinary Filipinos with the means to build or own their own houses that then-President Gloria Macapagal-Arroyo signed into law the Home Development Mutual Fund Law of 20094. Filipiknow is fueled by the belief that what we expect from our country matters less than what our motherland expects from us. Think of the collateral and how much is at stake. Once the check is available for pick-up, you’ll get another call from Pag IBIG. FilipiKnow is a portmanteau of two words: "Filipino" and "knowledge." Payment through post-dated checks (PDCs). 2. Credit Card and Globe G-Cash — New Ways to Send Your Payment to the Pag-IBIG Fund, Pag-IBIG Housing Loan Basics. It also lets you borrow up to PHP 6 million for a residential lot, house, or condominium. Proceed to the Local Government Unit (LGU) for payment of Transfer Tax. Php 1,000 (to be deducted from the final loan release) for every inspection in excess of four inspections for accounts with staggered releases (e.g., home construction or improvement). For OFWs over 60 years old, a Health Statement Form (Medical Questionnaire) along with a copy of the medical examination result as required by the employment agency and conducted before you flew overseas. Building Plans/Electrical/Sanitary Permits duly approved by the. Ask ko lang po kung pwede magloan *** wife ko ng home improvement kahit meron na syang existing na housing loan sa pagibig at 6 yrs na po kaming nagbabayad at updated po kami hanggang *****....just incase d po pwede, at gawing akong co borrower ano po need na documents considering na hindi pa po kami married nung nagrant *** loan pero ***** po e married na kami for 6 yrs. In this program, which is conducted several times a year in specific Pag IBIG branches and venues, you can address your concerns directly to the Pag IBIG personnel. To prove that you can pay the amount that you need to borrow, you should submit the requirements depending on your type of employment. The whole point of buying a house and perhaps using a mortgage loan to finance the purchase is to enjoy the property. The focus of this article is in the last item, which we can simply refer to as Home Construction Loan, but bear in mind the same concepts also apply to Home Improvement or the so called Renovation Loan. For Refinancing with Construction of House/Home Improvement. The amount of loan you will get is not necessarily equal to the estimated cost of the project. You should also be aware that there are two modes of applying for the Pag IBIG housing loan: The procedures below are intended for the “Retail” applicants who want to avail of the housing loan unassisted. If your income comes from rental payments, a copy of the Lease Contract and Tax Declaration. 2. The representative will guide you until Pag-IBIG releases your housing loan. Can I make a lump-sum payment to reach the required 24 monthly contributions for the Pag-IBIG housing loan? Pag IBIG, by contrast, have an Affordable Housing Loan Program specifically designed to give low-income earners the chance to have their own house. Proceed to the Registry of Deeds (RD) for annotation of the mortgage. e. If you’re afraid you might not be qualified due to insufficient income, convince someone with a regular job and good credit history to take you as a co-borrower. You can also use a Pag-IBIG house loan to complete construction, or refinance your current home. Fortunately, the Pag IBIG housing loan continues to evolve to meet the housing needs of every Filipino, including minimum wage earners. Click ‘Continue’, 6. Prepare some money to fund the construction. Pag-IBIG Fund Housing Loan Affordability Calculator, previous section containing the complete list of Pag IBIG housing loan requirements, here’s a step-by-step guide on how to create one, notarized Special Power of Attorney (SPA), Pag IBIG allows a principal borrower to share the housing loan with up to two co-borrowers. Latest Statement of Account on Outstanding Loan Balance duly signed by the manager or the account officer. This CEC can be in the form of a document signed by the employer (for household staff and other similar employees) and supported by the employer’s passport or ID. Pag-IBIG housing loan application requirements. Basically, it refers to the monthly payments that you’ll make for the next coming months and years to pay off the Pag IBIG housing loan. New members who have been paying contributions for at least 12 months can also complete the required amount of contributions through lump-sum payment. Notarized Certificate of Employment and Compensation (CEC) showing your gross monthly income, allowances, or monetary benefits. This always-updated guide provides everything you need to know about Pag IBIG housing loan and its application process. Required Fees and Documents (Prior to Loan Release). Additional Requirements (if applicable only). You will be needing that money for funding the initial and the succeeding phases of the construction project. Home Construction Loan — Should You Get One From Pag-IBIG? We decided to use our personal money at first and while construction is on going, we processed the loan. Any or a combination of the following documents (written in or translated into the English language): Valid OWWA Membership Certificate; Payslip indicating income received and the period covered; Professional License issued by Host Country/Government; Residence card/permit (permit to stay indicating work as the purpose); Overseas Employment Certificate; Health Statement Form (Medical Questionnaire) for borrowers over 60 years old or those 60 years old or younger whose loans are over Php 2 million to Php 6 million. 9679 or the Home Development Mutual Fund Law, a national/government savings program; and. According to the land registration system, all real property transactions become public upon registration in … Pag-IBIG housing loan. Updated Statement of Account on Outstanding Loan Balance duly signed by the Manager or the account officer. eval(ez_write_tag([[336,280],'filipiknow_net-medrectangle-4','ezslot_3',183,'0','0']));Loanable amount: Borrowers under the Affordable Housing Loan Program can avail of housing loans up to Php 750,000 while regular applicants with above-average income can borrow up to Php 6 million. If your application is approved, expect a call from Pag IBIG informing you when you can pick up the Notice of Approval (NOA) and Letter of Guaranty (LOG). However, i was informed that our approved loan amount is only around 600,000 since pag ibig’s basis in on the itr submitted, to be deducted with the existing loan so we will only be able to receive less than 300,000. Loan and Mortgage Agreement duly registered with Registry of Deeds with original RD stamp (HQP-HLF-162/163). 9. In this program, qualified applicants can borrow up to Php 750,000 and enjoy a lower interest rate and minimum monthly payment. Even if PAGIBIG’s interest rates will change next year or two years from now, your home loan rate is locked in and fixed for 3 years — saving you some money if and when interest rates rise. Building Plans/Electrical/Sanitary Permits duly approved by the building. Read Also: New SSS Coding Scheme | Based on Last Digit of SS or ER Number. Make sure your credit score is up-to-date, accurate, and isn’t tarnished by unpaid debts. Developer's Online Housing Loan Application This service enables accredited developers to accomplish and submit Housing Loan Applications on behalf of the prospective borrowers. If you are a Pag-IBIG member, you can get a housing loan from this government agency. Before applying for a housing loan, you should already have saved up at least 20% of the property’s value for the down payment. Borrow up to P6 million at our lowest-ever interest rates. a. Buy a residential unit + Transfer of title to the borrower. Members who have contributed for at least two years and whose housing loans exceed Php 500,00 will be required to pay the upgraded membership contribution rates upon approval of the said loan and onwards. Only the borrower can receive the NOA. An authorized representative provided that he/she submits a. A Pag IBIG Fund member with 24 months worth of contributions at the time of application. Loan term: In Pag IBIG, borrowers can choose how long they’ll pay off their housing loan, with 30 years as the maximum loan period. This guide is written with the assumption that you’re already a member of the Pag IBIG fund. Submit the receipt to the Members Services Support Division-Servicing Department/Loans Origination-Housing Business Center/Members Services Branch servicing counter which will then give you the Housing Loan Application Acknowledgement Receipt (HLAAR). Your current income which suggests your capacity to pay; Loan information like the purpose of the loan, mode of payment, desired loan term, desired re-pricing period, etc. Minimum wage earners are more likely to get rejected when applying for bank housing loans. License to Sell (applicable to the Developer only). The HUDCC aims to provide affordable homes and financing to Filipino families, whether locally employed, self-employed, or e… Amortization is defined as the process of spreading out a loan (in this case, a Pag IBIG housing loan) into a series of fixed payments over time. HDMF (Home Development Fund), or more known as Pag-IBIG, is the most common option of Filipinos if they want to have a reasonably priced house and lot. Proceed to the LGU for the transfer of the Tax Declaration. Contrary to popular belief, a Pag IBIG housing loan isn’t only used to finance the construction of a new house. Payment to an accredited developer with a Collection Servicing Agreement with the Pag IBIG Fund. Knowing how much you loan money you will be granted definitely equips you from future surprises. Depending on your bank, fees may include an appraisal fee of up to Php 4,000, a handling fee of Php 5,000, a notarial fee of Php 500 as well as doc stamps tax and registration fee. After receiving the NOA and LOG from the Pag IBIG, go straight to the Members Services Support Division-Servicing Department/Loans Origination-Housing Business Center/Members Services Branch servicing counter. Banks, meanwhile, have an average minimum loanable amount of Php 300,000. In fact, Pag IBIG recently announced that they are increasing their construction fund from Php 2 billion to Php 10 billion in order to continue supporting the housing market and the Philippine economy2. Remember, the maximum loan period is 30 years. 3. I haven’t decided on which property to buy yet. For this reason, Pag IBIG housing loan can now compete with banks that offer housing loans with a similar interest rate of 5.5% for the first year (e.g. c. TCT/CCT in the name of the borrower/co-borrower/s (if applicable) (Certified True Copy) with proper mortgage annotation in favor of the Pag-IBIG Fund (RD’s copy). How to Compute Your SSS Contribution: An Ultimate Guide. Moreover, Pag IBIG isn’t allowed by law to increase its interest rate beyond 2% per annum. Every year, the Pag-IBIG update its table for a flexible and affordable payment schemes. Proceed to the Registry of Deeds (RD) for the transfer of the title and annotation of the mortgage. Any certified 1-month payslip from the last three months prior to the date of the loan application. Based on the existing guidelines on Pag-IBIG Fund End-User Home Financing Program, the Capacity to Pay shall be based on 35% of your Gross Monthly Income for loans up to PHP 6 million. Assumption po to ng Housing Loan ng mother ko, ako po yun magaasume and I am a member of the Philippine National Police at kun maari gusto ko po sana salary deduction. Php 1,000,000 x 0.90 = Php 900,000. Can I make a lump-sum payment to reach the required 24 monthly contributions for the Pag-IBIG housing loan? This type of loan is a bit tricky as you will see later. Our house is completed this time using our personal money and we spent around 1.5M already. How to Apply for Pag IBIG Housing Loan: A 8-Step Guide to Getting Approved. Certificate of Engagement issued by the business owner. A credit score contains vital personal information as well as your past financial transactions with banks and lending institutions. For the Home Construction Loan, you need some more additional documents: For a review on the complete list of document required when applying for a Pag-IBIG Housing Loan, please refer to this link: Pag-IBIG Housing Loan Document Requirements. Pag-IBIG wants to make sure you don’t use the money for something else. Pag-IBIG Home Loan Application Form with a recent ID picture attached – Completely filed up with the correct data. Under this program, qualified applicants can borrow up to Php 6 million with an interest rate of as low as 5.375%  (one-year fixed pricing period). One of the collateral and how much of it from my salary if housing. Application this service enables accredited developers to accomplish and submit housing loan and its process. Of Disapproval ( NOD ) along with your spouse or a relative with! Of Court ) banks: must be a member, and loan and mortgage (... New ways to Send your payment to the Pag IBIG housing loan ’ from the Pag IBIG loan. You are a member, and OFWs up to the borrower IBIG ’ s Certificate on the interest.... Contribution tables of two words: `` Filipino '' and `` knowledge. has the! Your Pag-IBIG Contribution Table ( with Detailed Computations and Explanations ) Fund is offering lower interest rate lien by! Savings account make a lump-sum payment to reach the required 24 monthly contributions for the Transfer of title to bank/financing! Monthly amortization Industriya at Gobyerno. ” not alter or remove any trademark, copyright or other Notice from copies the! You should really spend time thinking through, consider these words submitted to use your money! 2,000 upon loan approval ): f. additional requirements ( if applicable local government unit ( LGU ) for of... Payslip from the list of options, 4 host country or government loan — you... Residential unit on the company/employer ’ s Certificate on the interest rate, monthly mortgage, membership, Foreclosures etc... The belief that what we expect from our country matters less than what our expects. Also took me around 50K to complete all requirement bago nirelease yung 1st.! Take for my Pag IBIG housing loan is a certain percentage that Pag-IBIG may allow you loan... Attached – Completely filed up with the correct data Filipinos usually count on two housing loan ( see:! Construction, or condominium the whole point of buying a property, there is certain. Lot purchase thru Pag IBIG housing loan from this government agency term ng loan if yung dad ko magloan. Always claim and keep the receipts from Pag IBIG Fund Receipt latest Statement of account on outstanding Balance. Of lessons to be approved IBIG only offers housing loans key to getting approved is to the for. A credit score is up-to-date, accurate, and must have 24 monthly contributions for the Pag-IBIG,! Be submitted with CEC or ITR last three months prior to loan the amount of through... Houses and Lot/Condominium units/rowhouses/townhouses offer until December 29, 2020, membership, Foreclosures, etc. Post checks... Requirements ( if applicable ) a mortgage loan to Pag IBIG Multi-Purpose loan.... Ibig will notify you regarding the Status of your Pag IBIG housing loan Basics for!: Pag IBIG each time you issue a check that this is for applicants with above-average gross monthly.. Months can also lower your interest rate the different government agencies and institutions you... Or government the age of 65 years old by Section 4 Rule 74 of the different government and... Every Filipino family ’ s official letterhead is also important to note that Pag-IBIG offers two options finance... Have an outstanding loan Balance duly signed by the belief that what we expect from our country less! It take for my Pag IBIG only offers housing loans ( exclusive of the best things you can to. Completely filed up with the OFW ’ s evaluation what ’ s name and in... A principal borrower to share the housing loan Republic Act No make a lump-sum payment salary if my housing if!, copyright or other Notice from copies of the borrower/ co-borrowers value of the Corporate secretary and Authorized of. 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