New Pag-IBIG rules regarding housing loans

New Pag-IBIG rules regarding housing loans

Please note that I am not neither affiliated to Pag-IBIG nor its representative, this article is purely informative to help people regarding their loans. If you have questions regarding your application or situation, please contact Pag-IBIG directly, only them can answer you.

PAG-IBIGI attended a seminar in Pag-IBIG last week to discover the new rules concerning the housing loans, here is a summary.

1. It’s more flexible in choosing the co-borrower
Before your co-borrower could only be a relative, now there is more latitude and anybody can virtually be it. It’s a very good news for those having a living partner who they are not married with. Both names will then be stated in the property title.

2. Your loan capacity will be based on your gross income
The loan capacity used to be calculated based on the available income, from now on, it’ll be based on your gross income, its a good news.

3. You can buy more than one property in one transaction
This is another good news for the future home-owners, Pag-IBIG now allows them to buy a full row of units or adjacent lots in the same transaction, the only requirement is to have the necessary loan capacity, that’s all.

4. The loanable amount limit is higher, it’s now 6 millions compared to 3 millions before.

 

You can download/read the full document here.

Regarding the second point about the loan capacity, I just want to warn yourself not to get covered by too many debts, pay attention not to reach a critical point on which you won’t be able to pay all your debtors anymore.

Where is Pag-IBIG?
I remind you that if you choose me as your broker, I’ll accompagny you for the loan application as it’s part of the services I provide to my clients (OFWs and others).

Comments

  • Reply

    Hi gud day sa inyo lahat. Magtanong lang po sana ako tungkol dyan house loan. Actually isa ako ofw or seaferer po almost 11yrs.gusto ko lang po sana mgkaroon ng bahay kahit maliit lng po.may bahay lng.

  • Reply

    Hi Dennis, katulad mo OCW din ako. Wala akong time magprocess ng papeles and follow-up ng loan requirements. Luckily for me me trusted relative ako, so unang ginawa ko, pag-bakasyon ko ng Pinas for a month, nag-pa member ako sa Pag-ibig as voluntary, Php300 monthly contribution. Passport and some IDs lng kelangan. Then umattend ako ng housing loan seminar para malaman and kanilang regulasyon. Right away as soon na naging member ako, eligible na pala akong umapply ng housing loan, bastat bayaran ko lng in advance 24 mos. contribution ko na total ay Php7,200. Sa 300 na contriution ko eligible ako sa total loan na 750,000 pesos. So ngayon humanap kami ng housing subdivision developer na nag-aaccommodate ng Pagibig loans, then pumili na kami ng lote at bahay. Basta't bayaran mo lng ang kelangan reservation fee & cash-out required ng subdivision/developer, then pag-tapos na ang bahay, iche-check ng Pag-ibig ang standard pag ok, process na ng mga papeles para sa housing loan. So far, lahat ng ito eh umabot ng 3 yrs. sa akin, from membership opening to housing construction hanggang approval ng housing loan sa Pagibig, thanks to my matiyagang bro sa Pinas. kelangan mo lng ng mapagkatiwalaan sa Pinas na mag-aayos ng papeles at follow-up, bigyan mo Power of Attorney para madali.

  • Reply

    Hi maam, clarify ko lang, ibig bang sabihin na ina-allow na ng Pag Ibig kahit hindi relative ang co-borrower kahit girlfriend-boyfirend pa lang sila ?

  • Reply

    hi...kukuha po ako ng 2 units na townhouse. pwede po ba yung titulo e under lang ng name ko at sa co-borrower?

  • Reply

    i want to buy a Lot from a private owner... around 800k... member n poh ako ng pagibig for 4years... i want to know how Long wiLL take(the average process) para mareLease un check??? after approving the appraisaL of the Lot???

  • Reply

    may tanung lang po ako tungkol sa kinuha kong house & lot loan ,,sa A,J,MARKETING REALTY,,,,,n full Payment n po ako sa equity last 2010 ,,,,,bket po iba ma aprrd. ang paglipat nmin sa house,,,,,,,,paki check nlang po kung anu ang problema ..............plsssss..........now is 2013 di po maipaliwanag ng agent ko kung anu ang dahilan kung bket di pa ako pweding lumipat ngayong bayad ako lahat sa payment....ang pangalan ng agent ( HEQUINO P. REBUSORA )...,,,,PLS... .....

  • Reply

    helo poh ask ko lang,dati poh akong ofw,pero umuwi ako nung 2011,gusto ko poh sana kumuha ng pag-ibig housing loan,sa ngaun self-employed nlang poh ako,pero may pinagkikitaan babayaran ko nalang ung 2yrs tpos ung natira hulug hulugan nalang...makaka avail kaya ako.

  • Reply

    i mean babayaran na ung 2yrs monthly contribution para pwede nako maka avail ng load,,,

  • Reply

    Where is the seminar site po within pasig or mandaluyong area, can u provide me the exact address Tnx, Mrs. Castillo

    • Reply

      goodpm mam,im presently residing at zamboanga city poh,region IX.

  • Reply

    Good day po.sa 100 pesos na contribution magkano po ba ang pwedi kung iloan nya with in 2 years po na pag contribute ko sa pag-ibig kasi.ofw po aq til now.

  • Reply

    What if ung lot ay nkapangalan sa aunt q,will it be possible to acquire a housing loan?since she allowed us to build a house there. Please reply. Thanks a lot

  • Reply

    pwede po ba proxy sa pag attend ng pagibig housing loan seminar?

  • Reply

    Hi, Kailangan ba nang approval letter pag ang co-borrower ay non-relative?

  • Reply

    hello po mam,sir. ask lng po sana ako abput sa housing loan ng sister ko,kc po na aprove na ung housing loan nia nong april 10,2013.ang prbz po nmin kc parang d pa kaya ng sister ko ang monthly ngayon....ask lng po sana ako kng pwde bha daw ma cancelled ang housing loan nia....kc po d tlaga kaya ang monthly mam ang sir..ano po bha gawin nmin.thnx po.....

  • Reply

    Hello po ask ko lang po if ano po pwede gawin....Kasi may existing housing loan na po ang husband ko sa pag-ibig....gusto po namin bumili ng panibagong Bahay pero e loloan din po sana namin sa pag-ibig ano po bang pwede gawin....thank you po....^_^

  • Reply

    ask ko lang po ung property na kinuha namin dito sa b.93 lot 7 phase 4 mabuhay cityn paliparan dasmarinas cavite aprove na po to sa housing pero one year kaming di updated sa monthly amortization bakit ibinalik sa rent own tong property namin dati naman kaming up dated nagkaroon lang kame ng financial problem pero willing po kameng magbayad in stallment basis mahirap pong magayos ngdocuments sana po matulungan nyo po kame regarding in our problem tnx po .

  • Reply

    ask ko lang po kapag d poh ba nakapagbayad nag monthly amortization for almost a year and a half,,papaalisin ba agad2x sa taga pag-ibig yung nkaloan sa bahay?may kakilala po kasi ako na kung may anak na 7 yrs old and below ay hindi daw papaalisin kung d na nakapagbayad as of the moment due to financial crisis...pro obligasyon namin to na dapat bayaran hindi pa nga lang ngayon...pls rply poh

  • Reply

    good pm, bakit po may ng haharash sa akin na foreclose na daw ang bahay ko 5 mos delayed po ba agad agad mapapalayas? 4 yrs na kami nakatira doon?

  • Reply

    saan po ba kami pwedeng tumawag na makakuha kami ng tamang information? alam namin na obligasyon namin mag bayad ng bahay pero may mga dahilan po kung bakit na delayed , sana po matugunan nyo ang aking katanungan

    • Reply

      You should go to the closest pag-ibig office near your place. You can ask there what you need to do regarding your obligations.

  • Reply

    Walang sagot sa mga tanong dito, walang kwentang page...

  • Reply

    ask ko lng po kung pwde icancel iyong pag-ibig loan ko?

  • Reply

    Pwede po mama avail ng loan sa paG ibig Yong housing loan.but Yong gusto KO po na bahay,malapi t sa amin,I mean kami nlang mag construct.kahit 200k para mapatayo any bahay.mga 50months above named Yong contribution KO sa pag ibig,Hindi nga po ako nkaloan kahit sa salary

  • Reply

    Pwd ba mag apply ng housing loan amount of 200k gusto naming kami nalang ang magpatayo sa lupa namin,mga 50months above na Yong contribution KO sa pag ibig.until now,nag work pa din ako 5yrs.pwd bah ako maka avail

  • Reply

    Hi goo morning po sa lahat.. My itatanong lang po ako kc merun po ako kukunin na bahay through housing loan. Ngayon po ay forfeited na xa sa previous buyer un unang may ari ng unit. Di ba when the previous buyer bought it binayaran na nya un equity. Bakit nung aq na nag avail dahil na forfeit na un unit bakit po humihingi pa ng equity un opisina? Hoping for your suggestions and comments po. Thanks

  • Reply

    ask ko lng po if may rent to own kayo dito sa cagayan de oro range 2500-4000?balak ko po kasi rgana mg.apply sa pag-ibig housing loan.thank you

  • Reply

    may kinuhang house and lot yung son ko dito sa San Pedro, Laguna. Filinvest yung may hawak nito. Gusto namin sanang sa Pag ibig i loan yung remaining amount. Ilang beses pwedeng mag balloon payment ang borrower at fix ba yung interest rate sa Pag ibig kung 15 to 20 years ang payment? Kung mag balloon payment ba, papasok yan sa principal at i recompute uli ito? Advise din kami nung agent na mag Bank financing daw. Mababawasan ba ang monthly amortization kapag nag balloon kami?

  • Reply

    Hello po ask lng po my housing loan po ako 29months n ako nagbbyad imomove in ko n sana nung nagvacation ako kaso nkita ko ung bhay walang bubong walang pinto at ninakawan p ng breaker ng kuryente at mga kawad nito ano b mangyayari f ipacancel ko ang unit?hnd ko p ntitirhan sira n xa dhil daw s bgyo kaya nsira bubong iig sbihin hnd pulido ang gawa paano pla kung ntran ko n xa at nndun ako bka naksidente p ko nun s pagkatanggal ng bunong?

  • Reply

    Good day. Recently, I applied for a Pag-ibig housing, after completing necessary documents, the developer asked me a letter explaining or stating why my co-borrower is my girlfriend. Is the letter really necessary? Thank you.


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