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My husband is also working in South Korea, but he isn’t a member of pag ibig yet. I own a house in San Mateo Rizal Philippines and have a 1 hectare of land that I want to build a house in Lugsad, Calabanga Camarines Sur. I am a US citizen and living in Raynham, MA. I am planning to retire in 10 years.
If you are denied at Pag-IBIG, you can always resort to bank financing or getting a loan from other financing institutions. The move-in fee is imposed by the developer and I can’t tell how your arrangement with them is done. There is no assurance that your loan will be approved, but you can start by re-activating your Pag-IBIG Fund membership.
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But if you are in a hurry, maybe you should explore other financing options like using a bank loan. The best approach would be for you both to tack-in your accounts and apply for a loan. Yes, but only if the buyer is unsuspecting.

I’m 42 years old, my query, is it still possible for me to avail of a housing loan payable for a period of 25 years? If your husband is also an active member of Pag-IBIG, you can both combine your salary to apply for a housing loan. Please visit your nearest Pag-IBIG office. You need have contributed at least 24 months and show sufficient income to cover the monthly amortizations of your loan.
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That should be easier because there will be fewer requirements. The most important thing to consider when getting a loan is you proof of income. If you can convince Pag-IBIG that you can pay for the loan, you have a good chance of getting it. Yes you can still apply up to 30-year loan. The best thing to do is attend an orientation seminar for the housing loan in any Pag-IBIG branch near you. They won’t be able to see it and you can skip that part.

Use the Pag-IBIG checklist to ensure you have all that you need for the housing loan application. Doubleand even triplecheck your documents. We apply housing loan because we don’t have money. This is the reason why more than half of pag-ibig member they can’t avail housing loan. Please forward my comment to Vice President Binay, head of national housing authority.
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Our house construction was stopped as we lack cash.We are now planning to file for a house construction but the lot title is under my name. Is it okay if my husband who is also an employed pag-ibig member will be the one to apply for the house construction? I am worried that my bank loans may cause a denied application although all of my loans are updated although both of us are earning above average. Please note that my husband and I both have an updated multi-purpose loan which can also be seen in our payslips. Kindly advise our chances and the best way to do.

I think your question has more to do on the rules of the community where you will be building the house. Please make sure that you know the rules and restrictions there first. CISA aims to address the need for a comprehensive, centralized and reliable credit information system, thereby establishing the creditworthiness of the borrower. Read the information below and find out the main differences between Pag-IBIG loan programs. Luisito E. Batongbakal Jr. is the founder, editor, and chief content strategist of FilipiKnow, a leading online portal for free educational, Filipino-centric content. His curiosity and passion for learning have helped millions of Filipinos around the world get access to free insightful and practical information at the touch of their fingertips.
That’s possible as long as the documents are ready. You may coordinate with the developer on this one. Hi, I just want to ask if there are other ways in order to avail the housing loan?

I’m assuming that your agreement is between you and your friend without informing Pag-IBIG. YOu can still find a way around this if you execute a waiver of rights in your favor. Foreclosure is always a touchy subject matter. As a rule, you can’t assume a property that has been foreclosed already.
For the Construction of House/Home ImprovementProceed to the BIR for payment of Documentary Stamp Tax. For Purchase of House and Lot Mortgaged with Pag IBIG FundProceed to the BIR for payment of Capital Gains Tax and Documentary Stamp Tax. The BIR will issue the Certificate Authorizing Registration. Proceed to the Local Government Unit for payment of Transfer Tax.
When you purchase a house and lot package, you will be shelling out for the down payment which is roughly 20% of the total selling price and you use a loan to finance the 80% balance. Normally, the purchase price is also the current market value of the property. Thus, you are essentially just using 20% money to take possession of 100% value. A payroll loan is defined as a small amount of money that, when calculated, can be equivalent to the monthly salary you earn from your current job. You can borrow this amount for specific purposes, such as medical care, car repairs, improvements to your home, educational expenses, or emergencies.
Its main service, the Pag-IBIG Housing Loan, can be used for various purposes such as purchasing a house to making home improvements. To apply for Pag-IBIG loan online proceed. You can reactivate your account simply by paying a new contribution. But you have to verify your past contributions first. Please make sure that you are currently active in your contributions.
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