A guide to government-funded housing loans in PH |
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A guide to government-funded housing loans in PH

by Nivelle DumlaoPublished: January 11, 2016Updated: January 11, 2016

Know how to get financing for your house with the help of Pag-IBIG, SSS, PostBank, and LandBank.


When a Filipino aspires to achieve his or her dream home but does not have enough means, the government can be of help. There are several government agencies and government-owned banks that offer housing loans to its citizens, provided that they are eligible. Housing loans from these agencies are designed to be able to reach out to more Filipinos; often, they offer more flexible payment terms and have lower interest rates.

1. SSS

The Social Security System of the Philippines (SSS) is a social insurance program that can be availed by those who are employed in the private sector. SSS offers salary loans, business loans, and housing loans.

Members of SSS can choose from several types of housing loans:

  1. Direct Housing Loan Facility for Workers’ Organization Members. This type of housing loan is for workers who are bona-fide members of workers’ organizations
  2. Direct Housing Loan Facility for OFWs. This housing loan is Filipino workers who are working outside the country
  3. House Repair/Improvement Loan. This type of loan is for major repairs and improvement of an existing housing facility, such as extension, expansion, or completion
  4. Assumption of Mortgage. This loan is for those who want to take over the mortgage of a seller’s property to lessen costs

All of these types of housing loans offer a maximum loanable amount of Php2 million. To become eligible, the housing loan applicant must be 60 years old or younger, must not have been granted a previous housing loan and final benefits, and must have at least 36 months premium contribution (non-consecutive) and 24 continuous contributions in a period before the time of application. There are still other conditions specific to each type of housing loan, which can be read here.

To apply for a housing loan, interested members may file their application at the nearest SSS cluster branch. They may also head directly to the Housing and Business Loan Department located at 5th floor, SSS Building, East Avenue, Diliman, Quezon City. During the application, all required documents must be brought.

To view the full details of the available housing loans from SSS, you may click here.



Otherwise known as HDMF or Housing Development Mutual Fund, the Pag-IBIG Fund (Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno) helps members purchase their residential house and lots, townhouse, or condominium units by lending them up to a maximum amount of Php6 million. The interest rates depend on the amount of loan and the number of years to pay. To read a more in-depth article about Pag-IBIG Housing Loans at, please click here.



The Philippine Postal Savings Bank or Postbank is a government-owned thrift bank that aims to reach Filipinos who are living in “unbanked” communities and rural areas. Aside from encouraging Filipinos to save, it also provides financial help and loans. Loans include LGU loans, commercial loans, and consumer loans.

One of their consumer loans is the housing loan. The maximum loanable value depends on the purpose of the loan. Qualified borrowers can avail themselves a maximum loan term of 20 years, provided that they are employed or self-employed, have been residing in their present address for at least five years, the property’s monthly amortization does not exceed 50% of their monthly net income, and they will not be over 65 years old by the time the loan is fully paid.

Requirements for the employed applicants are their income tax return, certificate of employment and salary, or latest payslip. Applicants who are self-employed need to submit their financial statements for the past three years, certificate of business registration with the Securities and Exchange Commission (SEC), and articles of incorporation and by-laws.

Please click here for the full information about Postbank’s housing loans.



Another government financial institution is Land Bank of the Philippines. Promoting financial access to rural areas, it offers three housing loans:

  1. Bahay Para sa Bagong Bayani (B3 Program). This loan is for currently employed OFWs not more than 65 years old who want to purchase a home, improve/renovate their existing home at relaxed and flexible terms, or refinance an existing mortgage loan
  2. Easy Access to Shelter You (EASY) Home Loan Program. This loan is for Filipino citizens aged 21–65 years old and have a reliable source of income from employment or business who want to purchase, construct or renovate a residential unit, or refinance an existing mortgage loan
  3. End-Buyers Financing Tie-up with Developers Program. This loan is for those who want to purchase a residential house and lot, townhouse or condominium unit from a developer accredited by the Land Bank of the Philippines.

The minimum amount of loan that eligible applicants can borrow under the B3 Program and EASY Home Loan Program is Php500,000. The maximum amount of loan depends on their capacity to pay, but should not be higher than the loan value of the collateral. For End-Buyers Financing, those who are qualified may borrow up to 90% of the contract price.

All types of loans have an application or filing fee of Php2,000 (non-refundable), and the maximum term of loans is 20 years. More information about Land Bank of the Philippines’ housing loans, as well as their charges and requirements, may be read here.

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