How to Avail of Housing Loan Program

If you are not yet a Pag-IBIG member, you are are loosing a chance of owning your own house plus other benefits. How?

1. an individual, specially if employed, is protected by law (RA 7742) to be covered by Pag-IBIG. Employers are mandated to provide a counterpart to match the employees' monthly contribution
2. Pag-IBIG, as an income generating government owned & controlled corporation, returns a 70% minimum portion of its (net) income back to its members (active & inactive) in form of dividend earnings, pro rated to the member's overall savings.
   
3. the Fund will assist the legal beneficiaries, in time of the the member's death, an additional death aid of P6000 (maximum) on top of returning the member's total savings
4. while active, the member gets to borrow a portion of his/her savings (60%; 70%; 80%, depending on the members' length of membership) during times of need, through the Fund's short-term loan program.
5. also, whilst active, a member may maximixe his/her privilege by borrowing a material amount to own a lot or a house (whether a purchase, construction of a residential unit, even a renovation, or refinancing of an updated currently mortgaged property).

Convinced?

If you are not yet a member. You may register yourself as a self employed (engaged in business, practicing proffesionals, Job Order (JO) contractors in any government office), or as an overseas filipino worker (landbased, seabased or even immigrants). If one is an employee (local), such cannot register otherwise.

To qualify with Pag-IBIG's Housing Loan program, one must be have at least contributed 24 monthly contributions (2 years)- advance payment accepted.

If you wish to be a member and you are not one yet, or if you wish to reactivate from your previous registration/ contributions remittance, feel free to call me or visit our office at

Marketing & Enforcement Division
Pag-IBIG FUND Davao Branch
G/F Pryce Tower Condo., Pryce Business Park
JPLaurel Avenue, Bajada, Davao City
(082) 2228055; 2275827

Application Procedure for "Magaang Pabahay, Disenteng Buhay" Program

STEPS:


1. Check with the Acquired Assets Unit for the available unit/s for disposal/ sale.
2. Conduct an ocular inspection on the property you intend to buy.
3. Secure, accomplish & submit two (2) copies of Reservation Form to the Acquired Assets Unit &
pay a reservation fee of P1000
4. Receive the duplicate copy of the Reservation Form duly signed by the Fund's authorized
representative (Take note of your priority number).
5. Confirm your offer to purchase & pay the 5% downpayment within 15 days from the date of
reservation (otherwise, reservation shall be cancelled) 6. Pay the remaining 95% in cash
OR apply for a Housing Loan.

Documentary Requirements for purchase if made through Housing Loan:
• Housing Loan Processing Fee of P3000 (remaining P2000)
• Income Tax Return/ W-2 (preceding year)
• Proof of Income:
[employed] Certificate of Employment & Compensation (CEC), duly notarized; and Latest (one
month) pay slip, employer certified

[self-employed] Audited Financial Statement

[OFWs] Latest Employment Contract; Photocopy of TIN Card & cedula; Member's Status
Verification Slip (MSVS)

Pag-IBIG Housing Loan Seminar

Pag-IBIG Housing Loan Seminar Schedule

Note: NO REGISTRATION FEE

(no more Fridays)

Saturdays

9:00 am - 12:00 pm; also

2:00 pm - 5:00 pm

3/F Pag-IBIG Training Room, Pryce Tower Condo

JP Laurel Ave., Bajada, Davao City

Public Service: Bringing the Fund Closer to its Members

Pag-IBIG SERVICE CENTERS:

DIGOS

1st Wednesday of the Month

2^nd floor Digos City Hall

Human Resource Management Office

Digos City, Davao Sur

1:00 pm – 3:00 pm

MALITA

3rd Wednesday of the Month

ABC (Barangay) Hall, Malita, Davao Sur

9:00 am – 12:00 pm

DAVAO CITY

DTI-NERBAC

Tuesdays

2^nd floor DTI Building

Monteverde St. Davao City

SM CONSUMER WELFARE CENTER

1^st floor SM City (fronting PetCo)

Ecoland, Davao City

Big Discount Sale on Acquired Assets

Tama! bakit ka nga naman mangungupahan sa isang bahay na hindi naman magiging sa iyo? E kung pwede ka naman magkaroon ng sarili mo.

Pag-IBIG FUND is offering a BIG DISCOUNT SALE on all available Acquired Assets (foreclosed properties).

For a minimum of 5% downpayment requirement on the discounted price, the remaining 95% may be paid thru Cash (20% discount) or thru Housing Loan (15% discount), Should the property be illegally occupied by its former owner/ existing tenant, Pag-IBIG will shell out an additional 5% litigation discount, plus, enjoy the following features (if thru Housing Loan)
• flat 6% interest rate;
• maximum 30 years paying term;

This is FIRST COME, FIRST SERVED BASIS! So, Avail na!

"Magaang Pabahay, Disenteng Buhay" Program

Pag-IBIG FUND Davao Branch Office accepts proposals for negotiated sale (As-is, Where-is Basis) on its acquired assets.

For interested individuals who wants to avail of the "Magaang Pabahay, Disenteng Buhay" Program, you visit the address below and inquire on the availability of the units as this list is subject to monthly updating/ inventory.

Acquired Assets Unit
Pag-IBIG FUND Davao Branch
2/F Pryce Tower Condominium, Pryce Business Park
J.P. Laurel Ave., Bajada, Davao City
Tel. no. (082) 224-4733