List of SSS Housing Loan Requirements for Application Process
SSS HOUSING LOAN REQUIREMENTS – Here are the documents that the Social Security System requires under the loan offer.
Undeniably, among the loan offers of the Social Security System, the least in terms of popularity is the Housing Loan. It was designed to finance house repair and home improvement projects of eligible members.
You may apply for the SSS Housing Loan for the building and installation of your gate, the finishes of a bare unit, the expansion of an existing unit, etc. While the loan offer is not that popular, it is another option for countless Filipinos as the SSS has millions of members.
To apply for the offer, there are SSS Housing Loan requirements that you must prepare and submit to the Social Security System. The lists of documents needed include both personal documents of the member-borrower and the collateral documents.
Are you interested to apply for the offer? You must prepare and submit the following SSS Housing Loan requirements for application:
- Application for Direct House Repair and/or Improvement Loan (2 copies)
- SS ID Cards of the principal applicant and his/her spouse, if applicable
- proof of income:
- If employed…
- latest Income Tax Return (original and photocopy for authentication)
- Certification of Employment and Compensation duly signed by the employer’s SSS authorized signatory (original copy
- payslips
- If self-employed or a professional…
- Income Tax Returns and Financial Statements for the last three (3) years (original and one photocopy)
- If overseas Filipino worker (OFW)…
- Contract of Employment and Certification of Employment and Compensation duly authenticated by the Philippine Consulate or SSS Foreign Representative
- If employed…
As mentioned, there are documents pertaining to the collateral that must be submitted to the SSS. Here are the other SSS Housing Loan requirements for application:
- 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
- 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 with the following:
- sketch of the lot with description of its boundaries
- lengths and bearings of the tie line and sides of the lot
- vicinity 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
- 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)
- pictures of existing collateral; the existing house and lot
- 1st – Front and one side
- 2nd – Rear and other side
- 3rd – Kitchen counter
- 4th – Toilet and Bath Pictures
