Requirements for Pag-IBIG Housing Loan 2024 — A Guide for Members

List of Requirements for Pag-IBIG Housing Loan 2024 Member Application

REQUIREMENTS FOR PAG-IBIG HOUSING LOAN 2024 – On the list here are the documents that the Fund requires for the loan application.

Are you looking for an entity where you may apply for a Housing Loan? If you are a Pag-IBIG Fund member, you may turn to the government office as its offer is one of the most popular in the field.

There are several Pag-IBIG Loans and one of them is the Housing Loan offer. It is ready to finance several purposes. A qualified member may apply for it to finance the purchase or a residential lot, a residential house and lot, a townhouse, or a condominium unit; a house construction; a house improvement; the refinancing of an existing home loan; or combined loan purposes.

Requirements for Pag-IBIG Housing Loan 2024 — Photo Credit: PropertEASE

To qualify, the eligibility requirements for the Pag-IBIG Housing Loan application requires the member-borrower to be an active member with least 24 months savings and not more than 65 years old at the date of loan application and is not more than 70 years old at the date of loan maturity.

Furthermore, the borrower must have the legal capacity to acquire and encumber a real property with no Pag-IBIG housing loan foreclosed, cancelled, bought back, or voluntarily surrendered. In case the member-borrower has an existing Pag-IBIG Housing account or Short Term Loan (STL), payments must be updated.

Under the loan offer, the amount borrowed is payable for up to 30 years thus there is really an option for light monthly installments. The interest rate depends on the loan term. To apply for the loan offer, there are documentary requirements for Pag-IBIG Housing Loan application which are as follows:

two (2) copies of the Pag-IBIG Housing Loan Application Form with recent ID photo of borrower/co-borrower (if applicable)
one (1) valid ID of the applicable parties
- Principal Borrower
- Co-borrower
- Seller
- Developer’s Authorized Representative and Attorney-in-Fact
- Spouses of the parties involved, if applicable
proof of Income
- If employed, prepare any the following documents:
  - Certificate of Employment and Compensation (CEC)
    - indicating the gross monthly income and monthly allowances or monthly monetary benefits received by employee
    - duly signed by the authorized signatory of the employer
  - Latest Income Tax Return (ITR) for the year immediately preceding the date of loan application
  - one (1) month payslip, within the last three (3) months prior to date of loan application
- If self-employed, prepare any of the following documents:
  - Commission Vouchers reflecting the issuer’s name and contact details (for the last 12 months)
  - ITR, Audited Financial Statements, and Official Receipt of tax payment from bank supported with DTI Registration and Mayor’s Permit/Business Permit
  - Copy of Lease Contract and Tax Declaration (if income is derived from rental payments)
  - Bank Statements or passbook for the last 12 months
  - Certified True Copy of Transport Franchise issued by appropriate government agency (LGU for tricycles, LTFRB for other PUVs)
  - Certificate of Engagement issued by owner of business
- If overseas Filipino worker (OFW), prepare any of the following:
  - Employment Contract
    - Employment Contract between employee and employer or POEA Standard Contract
  - Notarized Certificate of Employment and Compensation (CEC)
    - CEC written on the Employer/Company’s official letterhead or CEC signed by employer
Transfer Certificate of Title (TCT)
Updated Tax Declaration (House and Lot)
Updated Real Estate Tax Receipt
Contract-to-Sell or smiliar agreement between buyer and seller
Vicinity Map/Sketch Map