𝐒𝐭𝐞𝐩-𝐛𝐲-𝐒𝐭𝐞𝐩 𝐆𝐮𝐢𝐝𝐞 𝐭𝐨 𝐁𝐮𝐲𝐢𝐧𝐠 𝐚 𝐇𝐨𝐦𝐞 𝐓𝐡𝐫𝐨𝐮𝐠𝐡 𝐏𝐚𝐠-𝐈𝐁𝐈𝐆 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠

Owning a home is a dream for many Filipinos, and the Pag-IBIG Fund Housing Loan makes it easier and more affordable. Whether you’re a first-time buyer or looking to invest in property, here’s a detailed 𝐬𝐭𝐞𝐩-𝐛𝐲-𝐬𝐭𝐞𝐩 𝐠𝐮𝐢𝐝𝐞 to securing a home through 𝐏𝐚𝐠-𝐈𝐁𝐈𝐆 𝐡𝐨𝐮𝐬𝐢𝐧𝐠 𝐥𝐨𝐚𝐧 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠.

Step 1: Check Your Eligibility

Before applying, make sure you meet the basic Pag-IBIG Housing Loan requirements:

✅ 𝐀𝐜𝐭𝐢𝐯𝐞 𝐏𝐚𝐠-𝐈𝐁𝐈𝐆 𝐌𝐞𝐦𝐛𝐞𝐫 – Must have at 𝐥𝐞𝐚𝐬𝐭 𝟐𝟒 𝐦𝐨𝐧𝐭𝐡𝐬 𝐨𝐟 𝐜𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧𝐬 (can be paid in a 𝐥𝐮𝐦𝐩 𝐬𝐮𝐦 if not yet complete).

✅ 𝐀𝐠𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭 – Must be not more than 65 years old at the time of application and not more than 70 years old at loan maturity.

✅ 𝐍𝐨 𝐄𝐱𝐢𝐬𝐭𝐢𝐧𝐠 𝐇𝐨𝐮𝐬𝐢𝐧𝐠 𝐋𝐨𝐚𝐧 𝐃𝐞𝐟𝐚𝐮𝐥𝐭 – Should not have any unpaid Pag-IBIG loans.

✅ 𝐒𝐮𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐈𝐧𝐜𝐨𝐦𝐞 – Your monthly amortization should not exceed 35% of your gross monthly income.

If you meet these requirements, you can proceed to the next step!

Step 2: Choose Your Property

You can use Pag-IBIG financing to purchase:

🏡 𝐀 𝐡𝐨𝐮𝐬𝐞 𝐚𝐧𝐝 𝐥𝐨𝐭 (from a developer or an individual seller)

🏗️ 𝐀 𝐯𝐚𝐜𝐚𝐧𝐭 𝐥𝐨𝐭 (within a residential area)

🏢 𝐀 𝐜𝐨𝐧𝐝𝐨 𝐮𝐧𝐢𝐭

🛠️ 𝐀 𝐡𝐨𝐮𝐬𝐞 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐥𝐨𝐚𝐧 (if you own a lot already)

🏚️ 𝐀 𝐡𝐨𝐦𝐞 𝐢𝐦𝐩𝐫𝐨𝐯𝐞𝐦𝐞𝐧𝐭 𝐥𝐨𝐚𝐧

Make sure the property you’re buying is eligible for Pag-IBIG financing by checking:

✔️ 𝐂𝐥𝐞𝐚𝐧 𝐋𝐚𝐧𝐝 𝐓𝐢𝐭𝐥𝐞 – No legal disputes or encumbrances.

✔️ 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐞𝐫 𝐀𝐜𝐜𝐫𝐞𝐝𝐢𝐭𝐚𝐭𝐢𝐨𝐧 – If buying from a developer, ensure they’re accredited by Pag-IBIG.

✔️ 𝐙𝐨𝐧𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 – Must be in a residential area and not subject to demolition or government projects.

Step 3: Prepare the Required Documents

Pag-IBIG requires the following documents to process your housing loan:

𝐅𝐨𝐫 𝐭𝐡𝐞 𝐋𝐨𝐚𝐧 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧:

📌 Completely filled-out Pag-IBIG Housing Loan Application Form

📌 Valid Government-issued IDs (2 copies)

📌 Proof of Income:

• If Employed: Latest Payslip (1 month), Certificate of Employment with Compensation, or Income Tax Return (ITR).

• If Self-Employed: Business Permit, Audited Financial Statements, and ITR.

• If OFW: Job contract, Proof of Remittance, and Certificate of Employment.

📌 Marriage Certificate (if applicable)

📌 Title of the Property (Certified True Copy from the Registry of Deeds)

📌 Lot Plan and House Plan (signed by a licensed geodetic engineer/architect)

For Developer-Sold Properties:

📌 Contract to Sell or Reservation Agreement

📌 Deed of Conditional Sale (if already signed)

For Individual Sellers:

📌 Latest Tax Declaration and Real Property Tax Receipts

📌 Special Power of Attorney (if the buyer is abroad)

Step 4: Submit Your Housing Loan Application

Once you have all your documents, submit your application to any Pag-IBIG branch or through their online housing loan application portal.

💰 Pay the Processing Fee:

• ₱1,000 for the application fee

• ₱2,000 for appraisal fee (if buying from an individual seller)

📆 Loan Processing Time – It takes around 17 to 20 working days for Pag-IBIG to evaluate your application.

Step 5: Wait for Loan Approval and Notice of Approval (NOA)

Pag-IBIG will review your documents and determine if you qualify based on:

✔️ Your financial capability

✔️ Property appraisal value

✔️ Loan-to-Value (LTV) ratio

📌 If Approved – You’ll receive a Notice of Approval (NOA) and a Letter of Guaranty (LOG).

📌 If Denied – You can appeal or find another financing option.

Step 6: Complete Post-Approval Requirements

Once your loan is approved, you must:

✅ Sign the Mortgage Agreement – Legalize your loan with Pag-IBIG.

✅ Pay the One-Time Fees – Includes mortgage registration and insurance fees.

✅ Transfer the Title to Your Name – The seller must process the Title Transfer under your name and submit it to Pag-IBIG.

Step 7: Loan Release and Property Takeout

🏦 Pag-IBIG will release the loan amount to the developer or seller once the title is transferred and all documents are finalized.

🏡 You can now move into your new home!

Step 8: Start Paying Your Monthly Amortization

Your first monthly amortization is due one month after loan release. Payments can be made through:

💳 Salary deduction (for employed members)

🏦 Auto-debit arrangement

📌 Over-the-counter payments (Bayad Center, GCash, Pag-IBIG offices, etc.)

🚨 𝐓𝐢𝐩: 𝐀𝐯𝐨𝐢𝐝 𝐩𝐞𝐧𝐚𝐥𝐭𝐢𝐞𝐬 𝐛𝐲 𝐩𝐚𝐲𝐢𝐧𝐠 𝐨𝐧 𝐨𝐫 𝐛𝐞𝐟𝐨𝐫𝐞 𝐭𝐡𝐞 𝐝𝐮𝐞 𝐝𝐚𝐭𝐞.

 𝐅𝐢𝐧𝐚𝐥 𝐓𝐡𝐨𝐮𝐠𝐡𝐭𝐬

Buying a home through Pag-IBIG financing is a great way to achieve homeownership with low interest rates and flexible payment terms. The process may take a few months, but with proper planning and the right documents, you can secure your dream home smoothly.

🏡 Thinking of applying for a Pag-IBIG Housing Loan? Feel free to ask questions in the comments! Share this post to help others looking to buy a home through Pag-IBIG!

#PagIBIGHousingLoan #HomeOwnership #DreamHome #PagIBIGFinancing