OFW Philippines 

Pag-IBIG Housing Loan Requirments for OFWs

Isang simple ngunit masayang tahanan ang isa sa mga mithiin ng OFW.
Isang simple ngunit masayang tahanan ang isa sa mga mithiin ng OFW.

Ano man ang trabaho ng isang OFW sa ibang bansa, pangarap niya ang magkaroon ng sariling tahanan sa Pilipinas. Sa pamamagitan ng Pag-Ibig Housing Loan ay mabibigyan katuparan ito.

Basahin lamang ang mga sumusunod na mga requirements para sa housing loan;

For Pag-IBIG Overseas Program (POP):

  • Employment Contract or Employer’s Certificate of Income, duly certified by the employer (with English translation if in foreign language) or other valid Proof of Income
  • Special Power of Attorney (SPA) notarized prior to date of departure or duly certified and authenticated by the Philippine Embassy or Consulate in the country where the member is staying, for members abroad

Additional Requirements:

Depending on the purpose of your housing loan, Pag-IBIG may ask that you submit the following upon Loan Application;

Purchase of Lot or Purchase of Residential Unit

  • Contract to Sell
  • Purchase Agreement – original copy.

House Construction or Home Improvement

  • Building Plans
  • Specifications and Bill of Materials duly signed by the Licensed Civil Engineer or Architect
  • Real Estate Tax Receipt

Refinancing of an Existing Loan

  • Statement of Account on the outstanding balance and also indicating the purpose of the loan

Any of the following documents:

  • Official Receipt for the past twelve months
  • Subsidiary Ledger
  • Any proof of payment for the past twelve months

Lot Purchase and House Construction

  • Comply the requirements for lot purchase and for lot construction.

Note: Pag-IBIG Fund reserves the right to require additional requirements to facilitate the loan evaluation process.

Documents required prior to Loan Release (upon approval)

  • TCT in the name of the borrower with proper mortgage annotation in favor of Pag-IBIG Fund (Owner’s Copy)
  • Certified true copy of TCT in the name of the borrower with proper mortgage annotation in favor of Pag-IBIG Fund (RD’s copy)
  • Photocopy of New Tax Declaration in the name of the Borrower and Updated Tax Receipt
  • Proof of Billing
  • Loan Mortgage Documents
  • Loan and Mortgage Agreement with original RD stamp
  • Notarized Promissory Note
  • Disclosure Statement on Loan Transaction

For The Employed Members:

  • Collection Servicing Agreement with Authority to Deduct Loan Amortization or Post – Dated Checks

For The Self–Employed Members:

  • Post–Dated Checks

Additional Documents Prior to Loan Release Depending on Loan Purpose

Purchase of Lot or Purchase of Residential Unit:

  • Deed of Absolute Sale with original RD stamp.

House Construction or Home Improvement:

  • Building, Electrical, and Sanitary Permits duly approved by the building officials
  • Occupancy Permit.

(Salamat po sa pag share)

 

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2 Thoughts to “Pag-IBIG Housing Loan Requirments for OFWs”

  1. […] Every Filipinos that decide to work abroad have their own reasons, on why they prefer to work on foreign lands — to fulfill their dreams. Dream to make more money in order to secure their family’s future and to provide basic necessities, such as good food, better education for their children and more importantly, a dream to own a house. […]

  2. Clarissa P. Santos

    Gud pm, pag ibig officer,may mga katanungan Lang po ako,kc po ofw ako d2 Sa kuwait since 2009.kumuha ng housing loan mister ko under my pagibig name contribution.eh kaso ndi na pala nya hinulugan although wala akong palya Sa pagpapadal, til nA for close nA and now inaapply nya ulit under his name,may posibilidad ba nA need pa mga requirements ko nnman kc nagpasa nA dn ako before,hinihingian dw sya ng documents ko eh wala a kc ako tiwala Sa kanya Baka gamitin Lang nya Sa loan if magpadala ako Sa kanya ng mga documents ko,especially now seperated nA kmi, nag aalangan me ipadala Sa kanya,need pb mga documents ko like passport certificate ko d2 Sa kuwait and id?or Baka pwede Sa inyo ko nA ideretso ipadala document ko if pwede? Thanks hope reply asap

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