List of Requirements for PAG-IBIG Housing Loan

    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.

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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.