How to Avail Pag-ibig Housing Loan

Posted in QA on February 21st, 2011 by admin | No comments
Increase Font Size Decrease Font Size

This excerpt comes from a previous post we posted on Pag-ibig Housing Loan FAQS

How does one avail of a Pag-IBIG Housing Loan ?

  1. Attend a Loan Counseling session at the Pag-IBIG Office concernedAccomplish a Preliminary Loan Counseling Questionnaire, Husing Loan Application (HLA) and Membership Status Verification Slip. If eligible, secure checklist of requirements.
  2. Submit HLA with complete requirements. Pay a processing fee of P1,000.00 (non-refundable)
  3. Receive Notice of Approval/Letter of Guaranty and sign loan documents.
  4. Proceed to BIR and present Deed of Absolute Sale (DOAS) between owner of the property and applicant for payment of documentary stamps and capital gains tax.
  5. Proceed to Registry of Deeds (RD) for payment of transfer of tax and registration fees for the transfer of title.
  6. Proceed to Notary Public for notarization of LMA and annotation of mortgage with the Registry of Deeds (RD) and to Assessor’s Office to secure new tax declaration in the name of the applicant.
  7. Secure Occupancy Permit from the Local Government Unit’s (LGU) Engineering Office for Purchase of new Residential Unit (PRU), Purchase of Lot and Construction of a New Residential Unit (PLCH) and Construction of House (CH) loan purposes.
  8. Submit the following documents to Pag-IBIG office concerned:
    • Original Transfer Certificate of Title in the name of the applicant with annotated mortgage
    • DOAS with original RD stamp
    • New Tax Declaration in the name of the applicant
    • Updated Real Estate Tax Receipt (house and lot, if applicable)
    • Occupancy Permit
    • Assignment of Loan Proceeds
  9. Release of loan proceeds
  10. Start monthly amortization on the month immediately following loan take-out/final loan release.

If you already have a loan or are in the process, check for the installment loans, they are perfect for you if you need some extra help, an installment loan to get back on track is what you need.

This is a type of loan that allows you to borrow a set amount of money when you take out a loan. Unlike forms of revolving credit, such as credit cards or a line of credit, you must decide exactly how much money you need before borrowing the funds.

Leave a Reply

Full Name (required)

Email (required)

Contact #s (required)

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

Licensed and Generic products for canadian pharmacy online and send the orders to customers. Discount prices Canada pharmacy /]^[ canadian drugs tablets online. U.S. manufactured canadian pharmacies >|(] buy levitra take care of pharmacy.