Pag-IBIG Housing Loan Requirements You Must Submit Based on Purpose of Application

Lists of Pag-IBIG Housing Loan Requirements for Application

PAG-IBIG HOUSING LOAN REQUIREMENTS – Here are the documents required by the Fund in applying for the offer based on purpose of application.

Are you interested to apply for the Housing Loan offer of the Pag-IBIG Fund? It is one of the best options to take if you want to acquire your own residential property under an installment payment basis.

The Fund allows a repayment of up to 30 years thus there is really an opportunity for light monthly installments that won’t take a huge cut from your monthly budget. The loan offer is open to finance the acquisition of a residential property, house construction, home renovation, and home loan take-out.

Furthermore, the government entity also allows combined loan purposes. There are varying Pag-IBIG Housing Loan requirements depending on the purpose of applying for the loan offer.

For a guide on the Pag-IBIG Housing Loan requirements, here are the lists of the documents that you need to prepare and submit to the Fund based on the purpose of your loan application:

For lot purchase, here are the documents that the Fund requires in applying for the loan offer:

two (2) copies of the Pag-IBIG Housing Loan Application Form with recent ID photo of borrower/co-borrower (if applicable)
one (1) valid ID of the applicable parties
- Principal Borrower
- Co-borrower
- Seller
- Developer’s Authorized Representative and Attorney-in-Fact
- Spouses of the parties involved, if applicable
proof of Income
- If employed, prepare any the following documents:
  - Certificate of Employment and Compensation (CEC)
    - indicating the gross monthly income and monthly allowances or monthly monetary benefits received by employee
    - duly signed by the authorized signatory of the employer
  - Latest Income Tax Return (ITR) for the year immediately preceding the date of loan application
  - one (1) month payslip, within the last three (3) months prior to date of loan application
- If self-employed, prepare any of the following documents:
  - Commission Vouchers reflecting the issuer’s name and contact details (for the last 12 months)
  - ITR, Audited Financial Statements, and Official Receipt of tax payment from bank supported with DTI Registration and Mayor’s Permit/Business Permit
  - Copy of Lease Contract and Tax Declaration (if income is derived from rental payments)
  - Bank Statements or passbook for the last 12 months
  - Certified True Copy of Transport Franchise issued by appropriate government agency (LGU for tricycles, LTFRB for other PUVs)
  - Certificate of Engagement issued by owner of business
- If overseas Filipino worker (OFW), prepare any of the following:
  - Employment Contract
    - Employment Contract between employee and employer or POEA Standard Contract
  - Notarized Certificate of Employment and Compensation (CEC)
    - CEC written on the Employer/Company’s official letterhead or CEC signed by employer
Transfer Certificate of Title (TCT)
Updated Tax Declaration (House and Lot)
Updated Real Estate Tax Receipt
Contract-to-Sell or smiliar agreement between buyer and seller
Vicinity Map/Sketch Map

For lot purchase, here are the documents that the Fund requires in applying for the loan offer:

two (2) copies of the Pag-IBIG Housing Loan Application Form with recent ID photo of borrower/co-borrower (if applicable)
one (1) valid ID of the applicable parties
- Principal Borrower
- Co-borrower
- Seller
- Developer’s Authorized Representative and Attorney-in-Fact
- Spouses of the parties involved, if applicable
proof of Income
- If employed, prepare any the following documents:
  - Certificate of Employment and Compensation (CEC)
    - indicating the gross monthly income and monthly allowances or monthly monetary benefits received by employee
    - duly signed by the authorized signatory of the employer
  - Latest Income Tax Return (ITR) for the year immediately preceding the date of loan application
  - one (1) month payslip, within the last three (3) months prior to date of loan application
- If self-employed, prepare any of the following documents:
  - Commission Vouchers reflecting the issuer’s name and contact details (for the last 12 months)
  - ITR, Audited Financial Statements, and Official Receipt of tax payment from bank supported with DTI Registration and Mayor’s Permit/Business Permit
  - Copy of Lease Contract and Tax Declaration (if income is derived from rental payments)
  - Bank Statements or passbook for the last 12 months
  - Certified True Copy of Transport Franchise issued by appropriate government agency (LGU for tricycles, LTFRB for other PUVs)
  - Certificate of Engagement issued by owner of business
- If overseas Filipino worker (OFW), prepare any of the following:
  - Employment Contract
    - Employment Contract between employee and employer or POEA Standard Contract
  - Notarized Certificate of Employment and Compensation (CEC)
    - CEC written on the Employer/Company’s official letterhead or CEC signed by employer
License to Sell (Applicable to Developer only)
Secretary’s Certificate on the Authorized Signatory of the Developer/Corporation/Association
one (1) valid ID of the Corporate Secretary and Authorized Signatory of the Developer/Corporation/Association (Photocopy, back-to-back)

For house construction, here are the documents that the Fund requires in applying for the loan offer:

two (2) copies of the Pag-IBIG Housing Loan Application Form with recent ID photo of borrower/co-borrower (if applicable)
one (1) valid ID
- Principal Borrower
- Co-borrower
- Seller
- Developer’s Authorized Representative and Attorney-in-Fact
- Spouses of the parties involved, if applicable
proof of Income
- If employed, prepare any the following documents:
  - Certificate of Employment and Compensation (CEC)
    - indicating the gross monthly income and monthly allowances or monthly monetary benefits received by employee
    - duly signed by the authorized signatory of the employer
  - Latest Income Tax Return (ITR) for the year immediately preceding the date of loan application
  - one (1) month payslip, within the last three (3) months prior to date of loan application
- If self-employed, prepare any of the following documents:
  - Commission Vouchers reflecting the issuer’s name and contact details (for the last 12 months)
  - ITR, Audited Financial Statements, and Official Receipt of tax payment from bank supported with DTI Registration and Mayor’s Permit/Business Permit
  - Copy of Lease Contract and Tax Declaration (if income is derived from rental payments)
  - Bank Statements or passbook for the last 12 months
  - Certified True Copy of Transport Franchise issued by appropriate government agency (LGU for tricycles, LTFRB for other PUVs)
  - Certificate of Engagement issued by owner of business
- If overseas Filipino worker (OFW), prepare any of the following:
  - Employment Contract
    - Employment Contract between employee and employer or POEA Standard Contract
  - Notarized Certificate of Employment and Compensation (CEC)
    - CEC written on the Employer/Company’s official letterhead or CEC signed by employer
Updated Tax Declaration (House and Lot)
Updated Real Estate Tax Receipt (photocopy)
Building Plans, Specification with Bill of Metrials duly signed by the Licensed Civil Engineer or Architect
Vicinity Map/Sketch of the Property

For home renovation, here are the documents that the Fund requires in applying for the loan offer:

two (2) copies of the Pag-IBIG Housing Loan Application Form with recent ID photo of borrower/co-borrower (if applicable)
one (1) valid ID
- Principal Borrower
- Co-borrower
- Seller
- Developer’s Authorized Representative and Attorney-in-Fact
- Spouses of the parties involved, if applicable
proof of Income
- If employed, prepare any the following documents:
  - Certificate of Employment and Compensation (CEC)
    - indicating the gross monthly income and monthly allowances or monthly monetary benefits received by employee
    - duly signed by the authorized signatory of the employer
  - Latest Income Tax Return (ITR) for the year immediately preceding the date of loan application
  - one (1) month payslip, within the last three (3) months prior to date of loan application
- If self-employed, prepare any of the following documents:
  - Commission Vouchers reflecting the issuer’s name and contact details (for the last 12 months)
  - ITR, Audited Financial Statements, and Official Receipt of tax payment from bank supported with DTI Registration and Mayor’s Permit/Business Permit
  - Copy of Lease Contract and Tax Declaration (if income is derived from rental payments)
  - Bank Statements or passbook for the last 12 months
  - Certified True Copy of Transport Franchise issued by appropriate government agency (LGU for tricycles, LTFRB for other PUVs)
  - Certificate of Engagement issued by owner of business
- If overseas Filipino worker (OFW), prepare any of the following:
  - Employment Contract
    - Employment Contract between employee and employer or POEA Standard Contract
  - Notarized Certificate of Employment and Compensation (CEC)
    - CEC written on the Employer/Company’s official letterhead or CEC signed by employer
Updated Tax Declaration (House and Lot)
Updated Real Estate Tax Receipt (photocopy)
Building Plans, Specification with Bill of Metrials duly signed by the Licensed Civil Engineer or Architect
Vicinity Map/Sketch of the Property

For home loan refinancing, here are the documents that the Fund requires in applying for the loan offer:

two (2) copies of the Pag-IBIG Housing Loan Application Form with recent ID photo of borrower/co-borrower (if applicable)
one (1) valid ID
- Principal Borrower
- Co-borrower
- Seller
- Developer’s Authorized Representative and Attorney-in-Fact
- Spouses of the parties involved, if applicable
proof of Income
- If employed, prepare any the following documents:
  - Certificate of Employment and Compensation (CEC)
    - indicating the gross monthly income and monthly allowances or monthly monetary benefits received by employee
    - duly signed by the authorized signatory of the employer
  - Latest Income Tax Return (ITR) for the year immediately preceding the date of loan application
  - one (1) month payslip, within the last three (3) months prior to date of loan application
- If self-employed, prepare any of the following documents:
  - Commission Vouchers reflecting the issuer’s name and contact details (for the last 12 months)
  - ITR, Audited Financial Statements, and Official Receipt of tax payment from bank supported with DTI Registration and Mayor’s Permit/Business Permit
  - Copy of Lease Contract and Tax Declaration (if income is derived from rental payments)
  - Bank Statements or passbook for the last 12 months
  - Certified True Copy of Transport Franchise issued by appropriate government agency (LGU for tricycles, LTFRB for other PUVs)
  - Certificate of Engagement issued by owner of business
- If overseas Filipino worker (OFW), prepare any of the following:
  - Employment Contract
    - Employment Contract between employee and employer or POEA Standard Contract
  - Notarized Certificate of Employment and Compensation (CEC)
    - CEC written on the Employer/Company’s official letterhead or CEC signed by employer
Transfer Certificate of Title (TCT)
Updated Tax Declaration
Updated Real Estate Tax Receipt (photocopy)
Latest Statement of Account on Outstanding Loan Balance duly signed by the Manager or the account officer, together with any of the following:
- Official receipt (or any valid proof of payment) for the past 6 months
- Subsidiary Ledger
Vicinity Map/Sketch of the Property

To apply for the loan offer, prepare the documents and place them folders as mandated by the Fund. Only applications with a complete set of requirements will be accepted for processing.

Aside from the Pag-IBIG Housing Loan, another excellent loan offer in the Philippines is the BDO Home Loan.