List of SSS Housing Requirements You Must Prepare in Applying
Listed below are the SSS Housing Loan requirements that a member must submit to the Social Security System for application.
Are you planning to apply for the SSS Housing Loan offer of the Social Security System? It can help you get your target house repair or home improvement done without having to wait for months to save for it or spending all the money in your pocket now.
The SSS Housing Loan offer covers both major and minor home repairs and improvements. If you want a light monthly installment, you can opt to as the state-run social insurance giant offers a maximum loan term of up to 20 years for Filipinos working and residing in the country and up to 15 years for overseas Filipino workers (OFWs).
In applying, there are SSS Housing Loan requirements that you must prepare and submit to the Social Security System. Here are the documents needed in applying for the loan offer:
- duly-accomplished SSS Housing Loan Application Form for House Repair and/or Improvement (2 copies)
- SS ID Cards of the principal applicant and his/her spouse, if applicable
- proof of income:
- For locally-employed SSS members:
- latest Income Tax Return (original and photocopy for authentication)
- Certification of Employment and Compensation duly signed by the employer’s SSS authorized signatory
- payslips
- For self-employed SSS members:
- Income Tax Returns and Financial Statements for the last three (3) years (original and one photocopy)
- For professionals:
- Income Tax Returns and Financial Statements for the last three (3) years (original and one photocopy)
- For overseas Filipino workers (OFWs):
- Contract of Employment and Certification of Employment and Compensation duly authenticated by the Philippine Consulate or SSS Foreign Representative
- For locally-employed SSS members:
- Certified true copy of the Original/Transfer/Condominium Certificate of Title (OCT/TCT/CCT) issued by the Registry of Deeds together with owner’s duplicate copy
- latest Tax Declaration of Real Property (land and building) with the Official Receipt of Realty Tax Payment (original and one (1) photocopy)
- Lot/Location Plan
- prepared, signed & sealed by a licensed geodetic engineer
- prepared in a standard Bureau of Lands form (blueprint or whiteprint copy in 15” x 20” size)
- with Sketch of the lot with description of its boundaries
- with Lengths and bearings of the tie line and sides of the lot
- with sicinity map w/ landmarks, street pattern, street names and lot distance as reckoned/based from the lot to the nearest street intersection (2 copies)
- Consolidation-subdivision plan approved by the Land Registration Authority or Bureau of Lands/DENR-NCR (15” x 20” size; primary document) (1 copy)
- complete set of building plan
- Specifications and Bill of Materials & Labor must be signed & sealed by a licensed civil engineer or architect with owner’s conformity, for loans over P100,000
- Scope of Works showing list/itemized works to be done according to priority, prepared and signed by owner, civil engineer or architect. (original and one (1) photocopy)
- Building or Renovation Permit issued/approved by the Building Official with Locational Clearance, Electrical Permit, Sanitary/Plumbing Permit and corresponding official receipts of payments (original and one (1) photocopy)
- Pictures of existing collateral; the existing house and lot (1st – Front and one side, 2nd – Rear and other side, 3rd – Kitchen counter, and 4th – Toilet and Bath Pictures)
In case the residential property to be repaired or improved is a condominium unit, there is a different set of SSS Housing Loan requirements. Here are the documents needed:
- Floor plan of the specific condominium unit, scaled with size dimensions (20” x 30” size, blue/whiteprint copy) signed & sealed by licensed architect or civil engineer
- First page of the condominium building plans showing the site development plan, vicinity map, etc., as approved by the Building Official
- Architectural Plans showing the plan of the specific floor where the unit is located; Floor plan should be scaled with size dimensions