Pag-IBIG offers the provision of home financing programs for both new and repossessed (or acquired) housing properties that were developed by Pag-IBIG. Active members have the option to purchase an acquired Pag-IBIG property at negotiated rates.
Acquired assets are foreclosed properties (house and lot) that are auctioned off by Pag-IBIG to the public at cheaper rates. These are not “brand new” houses; these are properties that are repossessed due to non-payment of the original owners. Once auctioned by Pag-IBIG, it becomes a possible alternative for other active members that are unable to take on the costs of a brand new housing unit.
If you are thinking of applying for a Pag-IBIG housing loan, it may be good to weigh your options and see if an acquired asset is something you can consider. 카지노사이트
Here are the steps and requirements needed when applying for a Pag-IBIG loan for acquired properties under negotiated sale:
Reserve the property and pay the Php 1,000 reservation fee (non-refundable/non-transferrable). Bring one valid ID and choose among the following modes of payment:
Cash – 30% discount; payment term of 1 month.
Installment – 20% discount; up tp 12 months only, with 12% interest rate per annum.
Housing Loan – 10% discount, for qualified members of Pag-IBIG Fund; up to 30 years, provided that borrower’s age shall not exceed 70 years old at date of loan maturity.
For purchase through housing loan, submit the complete documentary requirements within 30 calendar days from payment of reservation fee and pay the processing fee of Php 2,000 and Documentary Stamp Tax of Php 100.00.
Receive the Notice of Approval of Loan and pay the one (1) year advance insurance premiums within 30 days.
Execute and submit the notarized Deed of Conditional Sale and other mortgage documents evidencing the loan in favor of the Fund. 안전한카지노사이트
Below are the BASIC REQUIREMENTS for:
SELF-EMPLOYED applicants:
Accomplished Buyer’s Information Sheet (2 copies) with recent 1×1 ID photo (2 copies).
One (1) valid ID (photocopy, back to back) of Principal Buyer and Spouse, Co-Buyer and Spouse, if applicable.
Proof of Income for (any of the following):
Owned Business
Income Tax Return (ITR)
Audited Financial Statements
Official Receipt of Tax Payment from bank supported with DTI Registration and Mayor’s Permit/Business Permit.
Commission Base
Commission Vouchers reflecting the issuer’s name and contract details (for the last 12 months).
Drivers
Certified True Copy of Transport Franchise issued by an appropriated government agency (LGU for tricycles, LTFRB for other PUVs).
Foreign Remittances and Pensions
Bank Statements or passbook for the last 12 months (in case income is sourced from foreign remittances, pensions, etc.
Rental Payments
Copy of Lease Contract and Tax Declaration (if income is derived from rental payments).
Sari-sari Store/Mini Groceries, Sub-contractor, On-call Maintenance, Technician
Brgy. Certificate/Clearance
Properly Accomplished Certificate of Engagement, duly notarized.
Additional Requirements:
Copy of Frequently Asked Questions (FAQs) with signature.
Photocopy of Php 1,000 reservation fee receipts.
Photocopy of 1 valid ID of the signatory in the Certificate of Engagement
Insurance Coverage (if applicable only)
Health Statement form (Medical Questionnaire)
For borrowers over 60 years old
For borrowers up to 60 years old, if loans are over P2.0M to P6.0M
Health Statement Form (Medical Questionnaire) and a copy of the result of a medical examination conducted prior to assignment overseas as required by the employment agency.
For OFW borrowers over 60 years old.
Locally Employed
Basic Requirements:
Accomplished Buyer’s Information Sheet (2 copies) with recent 1×1 ID photo (2 copies)
One (1) valid ID (photocopy, back to back) of Principal Buyer and Spouse, Co-buyer and Spouse, if applicable.
Proof of Income (any of the following):
Notarized Certificate of Employment and Compensation (CEC) indicating the gross monthly income and monthly allowances or monthly benefits received by the employee. 카지노사이트 추천
Certified One (1) month payslip, within the last three (3) months prior to date of loan application.
Latest Income Tax Return (ITR) for the year immediately preceding the date of loan application, with attached BIR Form No. 2316, stamped received by the BIR.
Note: Government employees must present one-month payslip issued within the last three months prior to the date of loan application and submitted together with CEC or ITR.
Additional Requirements:
Copy of Frequently Asked Questions (FAQs) with signature.
Photocopy of Php 1,000 reservation fee receipt.
Insurance Coverage (if applicable only)
Health Statement Form (Medical Questionnaire)
For borrowers over 60 years old
For borrowers up to 60 years old, if loans are over P2.0M to P6.0M
Health Statement Form (Medical Questionnaire) and a copy of the result of the medical examination conducted prior to assignment overseas as required by the employment agency.
For OFW borrowers over 60 years old.