Pag-Ibig Housing Loan Guidelines

For a lot of Filipinos who are already way past the infatuation phase, Pag IBIG only means one thing: Housing loan.

Or more accurately, a key to escape the monthly grind of paying rent and making one’s landlord richer.

The problem, however, is not that we don’t know Pag IBIG housing loan exists.

Rather, most Filipinos are too scared or too intimidated to ask the right questions that they end up putting off their plans of having their own property.

As a result, Filipinos still don’t have a place they can call their own.

1. Make Sure you have 24 months of contribution

A Pag IBIG Fund member with 24 months worth of contributions at the time of application is qualified to have the housing loan. New members who have been paying contributions for at least 12 months can also complete the required amount of contribution through lump-sum payment.

2. Not more than 65 years old at the time of loan application and not more than 70 years old at loan maturity.

The maximum loan period is 30 years. For senior applicants, your loan period is determined by how close your age is to the maximum age of 70. For example, if you’re 50 years old at the time of application, your maximum loan period is only 20 years because you’ll be turning 70 by the time the period ends.

3. Have no existing Pag-ibig Housing loan, or settle the existing loan

Has no outstanding Pag IBIG multi-purpose or calamity loan either as principal borrower or co-borrower

4. DOCUMENTS REQUIRED UPON LOAN APPLICATION

Housing Loan Application with recent ID photos of the borrower.
Membership Status Verification Slip
Proof of Income
Photocopy (back-to-back) of one (1) valid ID of Principal Borrower and Spouse, Co-Borrower, and Spouse, and Attorney-In-Fact, if applicable. The same ID must be presented during the conduct of the borrower’s validation.
Authorization to Conduct/Credit Background Investigation
for OFW members, Special Power of Attorney notarized prior to the date of departure or duly certified and authenticated by the Philippine Embassy or Consulate in the country where the member is staying, if abroad
Insurance Coverage for borrowers over 60 years old.
Marriage Contract (For all married borrower/s, co-borrower/s, spouse, family member/s included on the computation of aggregate income)
Birth Certificate or any proof of relationship, if with co-borrower/s or family member/s included on the computation of aggregate income

DIAMOND HEIGHTS LIPA!

Diamond Heights Lipa is the flagship project of JJS Realty and Development Inc. located at Barangay Latag Lipa City. “Family and community are at the center of everything we do, we impart that sense of family and community to our homes.” Diamond Heights Subdivision Lipa is accredited by Pag-ibig. A house can be yours through a housing loan thru Pag-ibig.

Diamond Heights feature Modern-Contemporary houses. Other than this, Diamond Heights is known for its vow to live closer to nature, to breathe fresh air and be away from urban areas to leap into Mother Nature’s open arms. Living in a quiet community enjoying Lipa’s cool climate is a perfect place to raise a family!