Ultimate Guide to Pag-IBIG Housing Loans

Pag-IBIG Fund is probably the most popular agencies Filipinos looking to own a house approach if they wish to avail of housing loans and mortgage offers.

That’s because membership of Pag-IBIG Fund, otherwise known as Home Development Mutual Fund (HDMF), is very accessible to most Filipinos. This includes government workers, private employees, overseas Filipino workers — land-based and seafarers — and domestic workers in the Philippines such as household helpers, gardeners, cooks and so on. Even those who are not employed can join as voluntary members.

Eligible purposes of Pag-IBIG loans

A Pag-IBIG Housing loan program is granted to eligible members who wish to finance any or a combination of the following purposes:

Purchase of a lot where a house will be built. This property is located in a residential area and does not exceed 1,000 square meters.

  • Purchase of a housing unit. This can be a house and lot, townhouse or condominium unit. This property can be old or brand-new, a property financed through Pag-IBIG Fund mortgage, a disposed property acquired through negotiated sale, public bidding or housing programs such as Rent-to-Own or the “Magaang Pabahay, Disenteng Buhay”.
  • Home improvement. This includes alteration of existing residential unit for the purpose of expansion or enhance durability through replacement of roof, walls or other materials in the unit.
  • Refinancing of existing mortgage. Members who wish to restructure their loan mortgage (reduce interest rates, reduce monthly payments, etc) of a financing agency acknowledged by Pag-IBIG Fund.
  • Combination of various loans and services. This includes purchase of residential lot or residential unit, home improvement and renovation, refinancing of existing housing mortgage.

Loan amount for Pag-IBIG housing loan

Pag-IBIG Fund members can apply for loans of up to a maximum amount of P6 million, although loans amounting to P3 million and above are limited by Pag-IBIG’s annual funding allocation.

When does Pag-IBIG housing loan start

Pag-IBIG housing loan payment commences immediately a month after the loan has been received by the member-applicant.

Eligible members who can avail of the housing loan

Not every member can avail of this housing loan program. Those interested must meet the following requirements:

  • As Pag-IBIG member:
    • Must have been a member for at least 24 months as evidenced by not less than 24 monthly contributions by the time a member is applying for loan.
    • Those who do not meet the prior condition but has been contributing as member for at least 12 months can still apply for loan. Only that they will be required to pay a lump sum payment based on mandatory contribution rates.
    • Loan applicants for amounts not less than P500,000 will be required to pay upgraded member contribution by the time of loan approval and beyond.
  • Age by the time of application. Member must be not more than 65 years old and insurable by the time a loan application is lodged. Also, the member applicant must be not more than 70 years old at maturity of loan.
  • Legally able to acquire property. Member must have the the legal capacity to acquire and encumber real property;
  • Has passed background checks. Member has satisfied background credit, employment and business checks conducted by Pag-IBIG Fund.
  • Has no outstanding Pag-IBIG housing loan. In case there is one as a co-borrower, the applicant’s loan amount proportionate to the entitlement has been fully paid.
  • Has had no bad loans. The Pag-IBIG member applying for housing loan must have no prior loan that was foreclosed, cancelled, bought back due to default and similar cases.
  • Has no multi-purpose loans in arrears. The member has no outstanding Pag-IBIG multi-purpose loan in arrears at the time of loan application.

Cost of filing the housing loan

Processing of a housing loan at Pag-IBIG costs P5,000 payable in progressive stages (paid at certain steps within the loan process).

  • P1,000 – a non-refundable fee payable upon filing of housing loan application upon presentation of required documents.
  • P2,000 – a non-refundable appraisal fee payable upon filing of loan application.
  • P2,000 – deductible from the loan proceeds.

Required documents for housing loan application

These documents should be brought to a Pag-IBIG office upon application.

  • Two copies of Housing Loan Application with recent ID photo of borrower and co-borrower, if applicable
  • Proof of Income to show an applicant’s ability to source funds to pay for the loan.
    • For workers in the Philippines:
      • Certificate of employment and compensation (see here for sample). This document must be notarized.
      • Income tax return. Send the latest copy prior to the date of application. It must have the attached BIR Form No. 2316, stamped received by the Bureau of Internal Revenue.
      • Employment payslip. A copy of payslip from work within the previous three months before application. (Sample from DOLE)
    • For self-employed/business owners:
      • Income Tax Return, audited financial statements (such as from banks), and official receipt of tax payment from bank.
      • DTI Registration and Mayor’s Permit/Business Permit
      • Bank statements or passbook for the last 12 months (if income is sourced from foreign remittances, pensions, and similar sources)
      • Copy of lease contract and tax declaration (if income is derived from rental payments)
      • Certified true copy of transport franchise issued by appropriate government agency (local government unit for tricycles, Land Transportation Franchising and Regulatory Board for other public utility vehicles)
      • Certificate of Engagement issued by owner of business
      • Other document that would validate source of income such as receipts and commission vouchers reflecting the issuer’s name and contact details (for the last 12 months)
    • For overseas Filipino workers 
      • Employment Contract between employee and employer or standard contract drafted by the Philippine Overseas Employment Administration
      • Certificate of Employment and Compensation (CEC) written on company letterhead, or, for domestic workers and similar jobs, CEC signed by employer and supported by copy of employer’s ID/passport.
      • Income tax paid in host country. If document is in other language, translation to English is required
  • One valid ID (photocopy, back-to-back) of principal borrower and spouse, co-borrower and spouse, seller and spouse and developer’s authorized representative and attorney-in-fact, if applicable
  • Transfer Certificate of Title (TCT) (latest version and certified true copy). For condominium unit, present of TCT of the land and Condominium Certificate of Title (CCT) (certified true copy).
  • Updated Tax Declaration (house and lot) and photocopy of receipt of updated real estate tax
  • Contract-to-sell or similar agreement between the buyer and seller
  • Vicinity map and sketch of the property involved in the loan

Required documents prior to release of loan

  1. TCT/CCT in the name of the borrower/co-borrower/s (if applicable) with proper mortgage annotation in favor of Pag-IBIG Fund (Owner’s Duplicate Copy)
  2. TCT/CCT in the name of the borrower/co-borrower/s (if applicable) (Certified True Copy) with proper mortgage annotation in favor of Pag-IBIG Fund (RD’s copy)
  3. Updated Tax Declaration (House and Lot) and Updated Real Estate Tax Receipt (Photocopy) in the name of the borrower/co-borrower/s, if applicable
  4. Loan Mortgage Documents
    1. Loan and Mortgage Agreement duly registered with Registry of Deeds with original RD stamp (HQP-HLF-162/163)
    2. Deed of Absolute Sale duly registered with Registry of Deeds with original RD stamp
    3. Duly accomplished/notarized Promissory Note (HQP-HLF-086/087)
    4. Disclosure Statement on Loan Transaction (HQP-HLF-085)

Additional requirements

Pag-IBIG loans are available to a wide range of eligible members. Therefore, Pag-IBIG may require the submission of the following documents as needed.

  • For overseas Filipino workers

    1. Special Power of Attorney (SPA) notarized prior to date of departure. For OFW member abroad, a SPA notarized by a Philippine Consular Officer, or SPA notarized by a local notary (of the country where the member is working) but duly authenticated by the Philippine Consulate.
    2. The Fund may also require any or a combination of the following documents:
      • Payslip indicating income received and period covered
      • Valid OWWA Membership Certificate
      • Overseas Employment Certificate
      • Passport with appropriate visa (Working Visa)
      • Residence card/permit (permit to stay indicating work as the purpose)
      • Bank remittance record
      • Professional License issued by Host Country/Government
        NOTE: If documents are in foreign language/s, English translation is required.
    3. Insurance coverage
      • Health Statement Form (Medical Questionnaire)
        • For borrowers over 60 years old
        • For borrowers up to 60 years old, if loans is over P2.0 M to P6.0 M
      • Health Statement Form (Medical Questionnaire) and copy of the result of medical examination conducted prior to assignment overseas as required by the employment agency
        • For OFW borrowers over 60 years old
    4. For purchase of lot with house construction 
      • Building Plans, Specification with Bill of Materials duly signed by the Licensed Civil Engineer or Architect
    5. For Properties Purchased from a Developer/Corporation/ Association
      • License to Sell (Applicable to Developer only)
      • Secretary’s Certificate on the Authorized Signatory of the Developer/Corporation/Association
      • One valid ID of the Corporate Secretary and Authorized Signatory of the Developer/Corporation/ Association (Photocopy, back-to-back)

Prior to Loan Release

  • Surety bond (for properties that are subject to the lien imposed by Section 4 Rule 74 of the Rules of Court)
  • Collection Servicing Agreement with Authority to Deduct Loan Amortization or Post Dated Checks, if applicable
  • For Purchase of New Residential Unit only
    • Occupancy Permit
  • For PLCH only
    • Occupancy Permit
    • Building Plans/Electrical/Sanitary Permits duly approved by the building officials

Pag-IBIG Office in the Philippines

Pag-IBIG Offices overseas

Alkhobar, KSA (Middle East)
LACSAMANA P. TUAN
MEMBER SERVICES OFFICER
Mobile No.: +966507181849
Email: [email protected]
c/o SKYFREIGHT FORWARDERS
1st St. cor. King Fahad St., P.O. Box 2539, Alkhobar KSA

Athens, Greece
JEAN V. SANTOS
MEMBER SERVICES OFFICER
Fax. No.: (0030210) 6983265
Mobile No.: (003069) 77425678
Email: [email protected]
c/o Philippine Overseas Labor Office
10 Fhiotidos St. Ambelokipi, Athens 11523, Greece

Bandar Seri Begawan,Brunei Darussalam (Asia Pacific)
MEMBER SERVICES ASSISTANT
Email: [email protected]
c/o Philippine Embassy SPG 336-17, Diplomatic Enclave Jalan Kebangsaan, Bandar Seri Begawan Brunei Darussalam BA 1210

Bahrain (Middle East)
MR DARWIN L. LANSANG
MEMBER SERVICES OFFICER
Mobile No.: +973 37311278
Email: [email protected]
[email protected]
c/o PHILIPPINE EMBASSY
Villa No. 939 Road No. 3320, Manama, Bahrain, P.O. Box 26681

Dubai(Middle East)
LOWELLA C. RECTO
MEMBER SERVICES OFFICER
Tel. No.: 971-042207221
Mobile No.: +971567285143
Email: [email protected]
Philippine Consulate Gen. Phil Overseas Labor Office
Beirut St. , Al Qusais .3
P.O. Box 4960, Dubai UAE

Hong Kong SAR (Asia Pacific)
RAYMOND FRANCIS RAMOS
MEMBER SERVICES OFFICER
Tel. No.: (00852)2823-8561
Mobile No.: (00852)94524287
Email: [email protected]
PHILIPPINE CONSULATE
GENERAL 14th Floor,
United Center Building,
95 Queensway, Hong Kong SAR

Jeddah, KSA (Middle East)
JAMAL D. BAGUAN
MEMBER SERVICES ASSISTANT
Mobile No.: +9665-81649435;
+9665 66289554
Email: [email protected]
Philippine Consulate General
Umm Al-Qura Street Rehab District
P.O. Box 4794 Jeddah 21412

South Korea (Asia Pacific)
MR. DOMINIC A. LEOLIGAO
Pag-IBIG-Korea Service Desk
Mobile No: 0082-1071450385
Telephone: 0082-378536345
Email: [email protected]
[email protected]
c/o Philippine Overseas Labor Office (POLO) Embassy of the Philippines 12 Hoenamuro 42-gil Yongsan-gu, Seoul City 140-857, South Korea

Kuwait (Middle East)
MAHMOUD B. KHALIL
MEMBER SERVICES OFFICER
Fax No.: (00965)532-9319
Mobile No.: +96596693777
Email: [email protected]
Block 6, Villa 153 Nouman Bin Basher St. corner Damascus St. Faiha, State of Kuwait

London, United Kingdom (Europe)
MARIA FE MANGALILE
MEMBER SERVICES OFFICER
Tel. No.: +447718163222
Email: [email protected]
c/o Philippine Embassy 6 Suffolk St., London SW1Y 4 HG United Kingdom

Macau SAR (Asia Pacific)
JOEL I. NADRES
MEMBER SERVICES ASSISTANT
Tel No. : (00853) 28757111
Mobile No. : (00853) 62573754
Fax No. : (853) 28757227
Email: [email protected]
PHILIPPINE CONSULATE GENERAL MACAU SAR
Unit 1404-1406,14/F AIA Tower, NOS.251A-301,
Avenida Comercial De Macau, Macau Sar
Madrid, Spain (Europe)
JEREMIAS SAN PEDRO
CONTACT PERSON
Tel. No.: 34-915232397
Mobile No.: 34-646701457
Email: [email protected]
c/o Tahanan 2005 S.L. Office
CALLE MAYOR 6, 28013 MADRID, SPAIN

Malaysia (Asia Pacific)
MARIA ROSARIO S. MACADANGDANG
MEMBER SERVICES ASSISTANT
Tel. No.: (0060) 3 21484233
Mobile No.: (0060) 1 76563971
Email: [email protected]
c/o Philippine Embassy Kuala Lumpur No. 1 Changkat Kia Peng 50450 Kuala Lumpur, Malaysia

Milan, Italy (Europe)
BRIGITTE P. MAHOR
MEMBER SERVICES OFFICER
Tel. No.: (3902)-43510205
Mobile No.: +393204572603
Email: [email protected]
c/o Philippine Consulate General via Stomboli 1 Milan, Italy 20144 Milan

OFW Members Services Department OFW Center
FERNANDO C. DE CASTRO
Head OFW Center/CEO III
Tel. No.: (02) 422-3114
Email: [email protected]
317 Justine Bldg. Sen. Gil Puyat Avenue, Makati City

New York (North America)
MICHAEL F. AZUCENA
MEMBER SERVICES OFFICER
Tel No.: +1 646 8696690
Mobile No.: + 646 832 6208
Email: [email protected]
Phil. Consulate General
556 5th Avenue New York 10036 USA

Oman (Middle East)
Pag-IBIG Oman Service Desk
Email: [email protected]
c/o Philippine Embassy P.O. Box 450 PC 115 Madinat, Sultan Qaboos Muscat, Oman

Qatar (Middle East)
MS. NORLYN P. ACOSTA
MEMBER SERVICES ASSISTANT
Tel. No.: +974-44866236
Mobile No.: +974-33466536
Email: [email protected]
c/o Philippine Overseas Labor Office
Al furat Street, Zone 66, Onaiza Area
24900, Doha, Qatar

Riyadh, KSA (Middle East)
RENATO A. SOQUENO
MEMBER SERVICES OFFICER
Mobile No.: +966537980452
Tel. No.: (+9661) 4880835
Fax No.: (009661) 4883945
Email: [email protected]
c/o Philippine Embassy Site Site D4, Collector Rd., C Diplomatic Quarters P.O. Box 94366, Riyadh, KSA

Rome, Italy (Europe)
DELILAH C. GUTIERREZ
MEMBER SERVICES OFFICER
Tel. No.: (3906)-39740853
Mobile No.: (3932)81475555
Email: [email protected]
c/o Philippine Embassy Vialle Delle Medaglie D’Oro 112/114 Rome, Italy 00136 Rome

Singapore (Asia Pacific)
CHRISTIAN JAN T. OLIVEROS
MEMBER SERVICES OFFICER
Tel. No.: (0065) 6737 3977 loc 106
Mobile No.: +65-98533147
Email: [email protected]
c/o Philippine Overseas Labor Office / Phil. Embassy 20 Nassim Road SINGAPORE 258395

Taiwan (Asia Pacific)
LERSA A. LI
MEMBER SERVICES OFFICER
Tel. No.: 02-2517-7775
Fax No.: (00886) 225079805
Mobile No.: +886-975563561
Email: [email protected]
No. 309 10th Flr. SONJIANG RD. Zhongshan District Taipei City, Taiwan

Tokyo, Japan (Asia Pacific)
OLIVIA C. AKATSU
MEMBER SERVICES ASSISTANT
Tel. No.: 0081)8010352808;
(0081)8048361435
Email: [email protected]
3rd Flr. SK Ueno Bldg., 3-18-7 Higashi Ueno, Taito-Ku Tokyo 110-0015 Japan

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