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Active members of the Pag-IBIG Fund are entitled to avail of housing loan privileges; you can choose to build a house, buy one that is up for sale, or choose from among Pag-IBIG’s acquired assets.  It is the most affordable means to own a home through its payment terms and low interest rates.

To help you get started on your housing loan application, we are sharing Pag-IBIG’s six simple steps as published on their website.

  1. Get your CHECKLIST OF REQUIREMENTS.
  • Housing Loan (HL) application form and other related forms are available at the Servicing Department, 2nd floor JELP Business Solutions Bldg., #409 Shaw Blvd., Mandaluyong City (for NCR accounts) or at any provincial branch office (for provincial accounts). These forms are also downloadable at pagibigfund.gov.ph.
    • Health Statement Form (Medical Questionnaire)
      • For OFW applicants over 60 years old.
      • Loans over P2M to P6M and for borrowers aged up to 60 years old.
    • Health Statement Form (Medical Questionnaire) and Full Medical Examination
      • All borrowers over 60 years old.
  1. Submit your Housing Loan Application to the Pag-IBIG Fund with complete requirements. Pay partial processing fee of Php 1,000 (non-refundable).
  • For NCR properties, file at any of the following:
    • JELP Business Solutions Building – Shaw Blvd., Mandaluyong City.
    • Kamias Branch – #795 Anchor Center EDSA, Quezon City (near GMA Kamuning Station)
    • Imus Branch – Olma Bldg., Emilio Aguinaldo Highway, Imus, Cavite
  • Provincial Properties – To be filed at the Pag-IBIG office nearest the subject property.

Processing Period: 20 working days (inclusive of Credit Investigation and Property Valuation).

You may also file your housing loan application via www.pagibigfund.gov.ph, click “E-Services”.

  1. Receive your Notice of Approval (NOA)/Letter of Guaranty (LOG) and sign your loan documents.
  • NOA will be released only to the borrower or to the Attorney-In-Fact for OFW borrowers, provided with SPA.
  1. Accomplish your NOA requirements for check release.

You are given 90 calendar days to do the following:

  • For purchase of House and Lot/Purchase of Condominium Unit/Purchase of Lot
    • Give LOG to the seller
    • Proceed to the BIR for payment of Capital Gains Tax and Documentary Stamp Tax. The BIR will issue Certificate Authorizing Registration
    • Proceed to the Local Government Unit (LGU) for payment of Transfer Tax.
    • Proceed to the Registry of Deeds (RD) for the transfer of the title and annotation of mortgage.
    • Proceed to the LGU for the transfer of Tax Declaration
    • Submit complete requirements to the Pag-IBIG Fund.
  • For purchase of House and Lot Mortgaged with Pag-IBIG Fund
    • Proceed to the BIR for payment of Captial Gains Tax and Documentary Stamp Tax. The BIR will issue Certificate Authorizing Registration.
    • Proceed to the Local Government Unit (LGU) for payment of Transfer Tax.
    • Go to the Pag-IBIG office to schedule a trip to the Registry of Deeds (RD) for transfer of title and annotation of the mortgage.
    • Proceed to the LGU for transfer of Tax Declaration.
    • Submit complete requirements to the Pag-IBIG Fund.
  • For the construction of House/Home Improvement
    • Proceed to the BIR for payment of Documentary Stamp Tax
    • Proceed to the Registry of Deeds (RD) for annotation of the mortgage.
    • Submit complete requirements to the Pag-IBIG Fund.
  • For refinancing
    • Proceed to the bank/financing institution to give the Letter of Guaranty (LOG) and Loan and Mortgage Agreement (LMA).
    • Proceed to the Registry of Deeds (RD) for annotation of the mortgage.
    • Submit complete requirements to the Pag-IBIG Fund.
  1. Receive loan proceeds at the Pag-IBIG Fund
  • Payee to bring two (2) valid IDs.
  • The payee is either the:
    • Borrower
    • Seller
    • The third party to which the loan proceeds are assigned to be released.
  • Borrower to bring 12 PDCs (if payment is not thru salary deduction).
  • Loan proceeds will be released to the person/institution assigned by the borrower/buyer.
  1. Start paying your monthly amortization.
  • One month from DV/Check Date
  • For house construction/home improvement, one month from DV check date of the final loan release.

For house construction or home improvement, the loan release shall be staggered based on progress of construction.

For more information on Pag-IBIG Housing Loan or any question you may have regarding your Pag-IBIG membership, you may call their hotline at 02-724-4244.

Have you tried applying for a home loan at the Pag-IBIG? Tell us about your experience!

Source: http://www.pagibigfund.gov.ph

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