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FOR Pag-IBIG HOUSING LOANS
For Direct Loan Application (Retail Account)
Locally Employed Members
Two – Stage Processing
| Purchase of Residential Unit |
| Documents Required upon Loan Application |
| A. Documentary Requirements 1. Housing Loan Application with recent ID photos of borrower 2. Membership Status Verification Slip (MSVS) 3. Proof of Income, any of the ff: a. Notarized Certificate of Employment and Compensation (Pag-IBIG format) b. Notarized Certificate of Employment and Compensation (Employer’s format) and latest 1 month payslip c. Income Tax Return/Certificate of Tax Withheld (BIR Form No. 2316) and latest 1 month payslip 4. Contract to Sell or similar agreement between the buyer and seller B. Technical Requirements 1. Certified true copy of TCT/CCT by the Register of Deeds (latest title) 2. Location Plan and Vicinity Map 3. Photocopy of Tax Declaration * For borrower over 60 years old, Medical Questionnaire and Full Medical Examination |
| Documents Required Prior to Loan Release |
| A. Documentary Requirements 1. TCT/CCT in the name of the borrower with proper mortgage annotation in favor of Pag-IBIG Fund (Owner’s copy) 2. Certified true copy of TCT/CCT in the name of the borrower with proper mortgage annotation in favor of Pag-IBIG Fund (RD’s copy) 3. Photocopy of New Tax Declaration in the name of borrower and updated Real Estate Tax Receipt 4. Loan Mortgage Documents a. Loan and Mortgage Agreement with original RD stamp b. Deed of Absolute Sale with original RD stamp c. Notarized Promissory Note d. Disclosure Statement on Loan Transaction 5. Collection Servicing Agreement with Authority to Deduct Loan Amortization or Post Dated Checks 6. Proof of Billing Address |
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