PAG-IBIG Home Loan Requirements

PAG-IBIG

For Locally Employed

1) ESAV (Employees Statement of Accumulated Value (print out of contribution) –   
     you can get this from your pag-ibig branches where your company is located
2) Four (4) pcs. 1×1 ID picture
3) Latest one (2) month payslip
4) (Certificate of Employment and Compensation)
5) Income Tax Return (ITR)
6) Cedula
7) Birth certificate
8) Marriage contract (if married)
9) ID Any Govt. ID (SSS, BIR, Passport, Drivers License, etc.)
10 )Membership Status Verification Slip (MSVS)
11) Post Dated Checks
12) Proof of Billing -If the document  is not in your  name  provide letter from the owner of proof of billing that your are currently living there.

For OFWs

1) Copy of Passport
2) Contract Of Employment
3) PAG-IBIG record book / Official Receipt
4) Four (4) pcs. 1×1 ID picture
5) Special Power of Attorney (SPA) form -(provided by developer)
6) SPA Proof of billing
7) SPA Cedula
8) Birth certificate
9) Marriage contract (if married)
10) Any Govt. ID (SSS, BIR, Passport, Drivers License, etc.)
11) Membership Status Verification Slip (MSVS)
12) Post dated checks
13) Proof of billing

For Self-employed

1) PAG-IBIG (print out of contribution)
2) Business permit
3) DTI
4) ITR (income tax return) w/ financial statement
5) Four (4) pcs. 1×1 ID picture
6) Cedula
7) Birth certificate
8) Marriage contract (if married)
9) Any Govt. ID (SSS, BIR, Passport, Drivers License, etc.)
10) Membership Status Verification Slip (MSVS)
11) Post dated checks
12) Proof of billing

IN-HOUSE FINANCING REQUIREMENTS:

1) Proof of income (pay slip)
2) ITR (Financial Statement)
3) Cedula
4) 4pcs ID Picture (1×1)
5) Birth Certificate
6) Marriage Contract (if married)
7) Proof of Billing
8) Post Dated Checks

It is required that you should be a member first of the Pag-ibig Home Development Mutual Fund before you can apply and avail of the Pag-ibig Housing Loan Program.

Here are some basic requirements needed by PAG-IBIG:

ELIGIBILITY REQUIREMENTS

To qualify for a Pag-IBIG housing loan, a member shall satisfy the following
requirements:

1. On Pag-IBIG Membership

• Must be a member under the Pag-IBIG I, Pag-IBIG II or Pag-IBIG Overseas Program (POP) for at least twenty-four (24) months, as evidenced by the remittance of at least 24 monthly contributions at the time of loan application.
• A member, whether new or with existing monthly contributions that are still short of the 24-month membership requirement, shall be allowed to make lump sum payment based on the mandatory monthly membership contribution rates (both EE and ER share) to meet the said requirement at point of loan application. Lump sum payment of membership contributions shall be considered a single contribution for the applicable month as of the payment date.
• A member whose loan exceeds P500,000.00 shall be required to pay the upgraded membership contribution rates upon housing loan approval and onwards.
• A member who has contributed for at least two (2) years and whose loans exceed P500,000.00 shall be required to pay the upgraded contribution rates upon housing loan approval and onwards.

For purposes of satisfying the required two (2) years membership
contributions, the member may opt to pay in lump sum any amount short
of the said requirement. In addition, the period corresponding to the TAV
applied earlier to an outstanding loan shall also be considered when
counting the total number of monthly contributions, provided the remaining
TAV after offsetting does not fall below the equivalent amount of two (2)
years membership contributions.

2. Not more than sixty-five (65) years old at the date of loan application  and must be insurable; provided further that he is not more than seventy (70) years old at loan maturity;

3. Has the legal capacity to acquire and encumber real property;

4. Has passed satisfactory background/credit and employment/business checks of the Pag-IBIG Fund;

5. Has no outstanding Pag-IBIG housing loan, either as a principal borrower or co-borrower;

6. Has no outstanding Pag-IBIG multi-purpose loan in arrears at the time of
loan application.