List of Requirements for PAG-IBIG Housing Loan

List of Requirements for PAG-IBIG Financing

    The majority of the home buyers are financed by PAG-IBIG.  PAGTUTULUNGAN SA KINABUKASAN: IKAW, BANGKO, INDUSTRIYA AT GOBYERNO (short for PAG-IBIG) is a government-owned and controlled corporation in the Philippines that aims the Filipino to save funds for their future.

    In this blog post, I will list down all requirements in applying for a Housing Loan in PAG-IBIG. Before processing their requirements, you should pass their qualifications.

Qualifications:

  •  Borrowers must have at least 24 months
  •  Lump-Sum Payment will be allowed to cover the 24 monthly contributions
  •  Borrowers must have a capacity to acquire and encumber the real property based on the Gross Monthly Income
Take Note: This is valid at the time of this publishment. As the time goes by, there may be some changes. For more information, refer to this site.  

Requirements:

I. Private/Locally Employed

  • Income Documents
    • Latest Certificate of Employment and Compensation (duly notarized) - required
    • Latest 1-month payslip (duly certified by payroll officer) - optional if no compensation written in COE
  • 2 valid ID's of Principal Borrower with three specimen signature 
  • 2 valid ID's of Spouse with three specimen signatures (if applicable)
  • 3 pcs 1x1 ID picture of the Principal Borrower
  • Birth Certificate/ Marriage Contract
  • Verified TIN Certification of the Principal Borrower
  • Baptismal Certificate

II. Government Employee

  • Income Documents (at least two of the three)
    • Latest Certificate of Employment and Compensation (duly notarized) 
    • Latest 1-month payslip (duly certified by payroll officer) - required
    • Income Tax Return or BIR Form 2316 with stamped by BIR
  • 2 valid ID's of Principal Borrower with three specimen signature 
  • 2 valid ID's of Spouse with 3 specimen signatures (if applicable)
  • 3 pcs. 1x1 ID picture of the Principal Borrower
  • Birth Certificate/ Marriage Contract
  • Verified TIN Certification of the Principal Borrower
  • Baptismal Certificate

III. For Overseas Filipino Worker

  • Income Documents (Any of the Following)
    • Employment Contract
      • Employment Contract between employer and employee (with English Translation)
      • POEA Standard Contract
      • Certificate of Employment Written on the Employer/ Company's Letterhead.
  • For OFW, SPA was notarized by the Local Notary before the date of Departure. For OFW abroad, a SPA should be tied with a Red Ribbon by Consul Officer.
  • 2 Valid IDs of Principal Borrower with three specimen signature
  • 2 Valid IDs of Spouse with three specimen signatures (if applicable)
  • 2 Valid IDs of Attorney-in-Fact
  • 3 pcs 1x1 ID picture of the Principal Borrower
  • Birth Certificate/ Marriage Certificate
  • Verified TIN Certification of the Principal Borrower 
  • Baptismal Certificate

IV. For Self-Employed/ Other Source of Income

  • Income Documents (Any of the Following)
    • i. ITR, Audited Financial Statements, and Official Receipt of Tax Payment from Bank Supported by DTI Registration and Business Permit
    • ii. Commission Voucher reflecting the issuer's name and contact details (for the 12 months)
    • iii. Bank Statement or Passbook for the 12 months (in case of income is sourced from foreign remittances, pensions, and etc)
  • 2 Valid IDs of Principal Borrower with three specimen signature
  • 2 Valid IDs of Spouse with three specimen signatures (if applicable)
  • 3 pcs 1x1 ID picture of the Principal Borrower
  • Birth Certificate/ Marriage Certificate
  • Verified TIN Certification of the Principal Borrower 
  • Baptismal Certificate
If you have any question , go to the Frequently Asked Questions in the Pag-Ibig site. 

For more listing of properties, just fill out the contact form or send them to our Facebook page (House of Us).  Don't forget to like or follow us. 

Post a Comment

0 Comments