If you are buying the house from a Developer – Developer-Assisted
- Reserve a house and pay the reservation fee.
- Fill up loan application and sign all Pag ibig documents given by the Developer’s office.
- Developer’s office will process your loan with Pag ibig. Just sit back and wait for advise and follow instructions.
- Developer’s office will guide you every step of the way until your housing loan is taken-out by Pag ibig.
If you are buying a house from other sources (not from Developer) – End-User Financing
1. Attend a loan counseling session at the Pag-IBIG office and accomplish a Preliminary Loan Counseling Questionnaire, Housing Loan Application (HLA) and Membership Status Verification Slip (MSVS).
If eligible, secure Checklist of Requirements (COR) (requirements would depend on the loan purpose).
2. Submit HLA with complete requirements, and pay the processing fee of P1,000 (non-refundable).
3. Receive Notice of Loan Approval/Letter of Guaranty and sign loan documents.
4. Proceed to the following:
- Bureau of Internal Revenue for payment of documentary stamps and
- capital gains tax
- Registry of Deeds for transfer of the title and annotation of mortgage
5. Submit the following documents to Pag-IBIG for the release of loan proceeds:
- Original Transfer Certificate of Title (TCT) in the name of the applicant with annotated mortgage
- DOAS with original RD stamp
- New Tax Declaration in the name of the applicant
- Updated Real Estate Tax Receipt (for house and lot, if applicable)
- Occupancy Permit (secured from LGU Engineering Office, if applicable)
- Assignment of Loan Proceeds
6. Pay the first monthly amortization on the month immediately following the loan take-out/final loan release.
Source: http://www.pagibigfund.gov.ph/
For a more detailed steps in applying a housing loan personally, please visit:
