The iSavta Team | 13.11.2019

We've received some inquiries as to how an OFW can avail a Housing Loan From Pag-Ibig. We did our research and here are the requirements needed:

Documentary Requirements

1. Housing Loan Application with recent ID photos of borrower

2. Membership Status Verification Slip

3. Proof of Income

4. 3.1 For Locally Employed, any of the following:

   1. Notarized Certificate of Employment and Compensation (Pag-IBIG format)

   2. Notarized Certificate of Employment and Compensation (Employer’s format) and latest one (1) month payslip

   3. Income Tax Return/Certificate of Tax Withheld (BIR Form No. 2316) and latest one (1) month payslip

5. 3.2 For Self-Employed/Other Sources of Income

   1. ITR, Audited Financial Statements and Official Receipt of tax payment from bank supported with DTI Registration and Mayor’s Permit/Business Permit

   2. Commission Vouchers reflecting the issuer’s name and contact details (for the last 12 months)

   3. Bank Statements or passbook for the last 12 months (in case income is sourced from foreign remittances, pensions, etc.)

   4. Copy of Lease Contract and Tax Declaration (if income is derived from rental payments)

   5. Certified True Copy of Transport Franchise issued by appropriate government agency (LGU for tricycles, LTFRB for other Public Utility Vehicle or PUVs)

   6. Certificate of Engagement issued by owner of business

   7. Other document that would validate source of income

6. 3.3 For Overseas Filipino Workers (OFWs), any of the following:

   1. Employment Contract (with English translation if in foreign language)

   2. Original Employer’s Certificate of Income (with English translation if in foreign language). If document submitted is photocopy, it shall be duly validated and certified/initialed by HDMF Information Officer assigned in the country where the member works

   3. Other Proofs of Income, whether original or photocopy, shall be duly validated and certified/initialed by HDMF Information Officer assigned in the country where the member works

7. 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 borrower’s validation.

8. Authorization to Conduct/Credit Background Investigation

9. For OFW members, Special Power of Attorney 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, if abroad

10. Insurance Coverage

    1. Health Statement Form (Medical Questionnaire)

       • OFW members over 60 years old

       • Loans over P2.0 M to P3.0 M and for borrowers aged up to 60 years old

    2. Health Statement Form (Medical Questionnaire) and Full Medical Examination

       • Borrowers over 60 years old

11. Marriage Contract (For all married borrower/s, co-borrower/s, spouse, family member/s included on the computation of aggregate income)

12. Birth Certificate or any proof of relationship, if with co-borrower/s or family member/s included on the computation of aggregate income

The Pro-forma Health Statement Form (Medical Questionnaire) is available at the Members Services Support Division-Servicing Department for NCR or at any Pag-IBIG Regional Branch or downloadable from the Pag-IBIG website, www.pagibigfund.gov.ph.

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Technical Requirements

Certified true copy of TCT/CCT by the Registry of Deeds (latest title) Location Plan and Vicinity Map Photocopy of Tax Declaration and Real Estate Tax Receipt

Additional Requirements Depending on the Loan Purpose For Purchase of Residential Unit, Purchase of Lot and Construction of House, Purchase of Lot

1. Contract to Sell or similar agreement between the buyer and the seller

For Refinancing

1. Statement of Account on outstanding loan balance, indicating loan purpose

2. Any of the following documents:

   • Official Receipt for the past 12 months

   • Subsidiary Ledger

   • Any valid proof of payment for the past 12 months

For Purchase of Lot and Construction of House, Construction of House, Home Improvement

Source: www.pagibigfund.gov.ph 

1. Building Plans, Specification and Bill of Materials duly signed by the Licensed Civil Engineer or Architect