The PAG-IBIG Housing Loan |
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The PAG-IBIG Housing Loan

by Pag-IBIG FundPublished: September 30, 2015Updated: August 7, 2018

Here are some of the things that you need to know about the Pag-IBIG Housing Loan.

Thinking about applying for a Pag-IBIG Housing Loan to buy your dream house? Here’s a rundown of what the Pag-IBIG loan is for, how a member can apply, and the eligibility requirements.

The Pag-IBIG  Housing Loan aims to help its members:

A. Purchase a fully developed, 1,000 square-meter-or-less lot within a residential area
B. Purchase a house and lot, condo unit or townhouse with a parking slot (they can either be old or new, a property mortgaged with Pag-IBIG or an acquired asset)
C. Pay for the construction of a residential house and lot owned by the member
D. Finance the improvement of a member’s existing home
E. Refinance their mortgage, as long as the loan is not in default within a year before the application date, and that the loan has a repayment history of at least 2 years with the original mortgagee
F. Pay for a combination of A and C, B and D, E and D, or the refinancing of a lot loan bought for the construction of a residential unit.

There are three ways in which a member can apply for a Pag-IBIG Housing Loan:

A. The member can be assisted by the developer, who will offer a buyback guaranty in the event that the member defaults in his amortization payments or his monthly contributions.
B. The developer will help the member through the process, but will offer no buyback guaranty.
C. The member will apply for a housing loan on his own.

To be eligible for a Pag-IBIG Housing Loan, a person should:

A. Be a member of the Pag-IBIG I or II, or the Pag-IBIG Overseas Program (POP) for 24 consecutive months, as indicate by at least 24 monthly contributions at the time of the loan application (A member who lacks the required number of contributions can pay a lump sum according to the mandatory monthly membership contribution rates.)

B. Be 65 years old and below at the date of the application and should be insurable, and should also not be over 70 years old at loan maturity

C. Have the legal capacity to acquire and encumber real property

D. Have passed the Pag-IBIG Fund’s background/credit  and employment/business checks

E. Have no outstanding housing loan from Pag-IBIG, whether as a principal borrower or a co-borrower

F. Have no housing loan from Pag-IBIG that has been cancelled, foreclosed, subjected to dacion en pago, or bought back due to default

G. Have no outstanding Pag-IBIG multi-purpose loan in arrears at the time of application


Part II of this series will discuss the procedures for applying for a Pag-IBIG Housing Loan.



For a comprehensive guide on the rules, regulations, and functions of the Home Development Mutual Fund, as well as additional articles related to the HDMF, visit the Lamudi Pag-IBIG Fund page.




For more information about the Pag-IBIG Housing Loan:
Visit the Pag-IBIG Fund website by clicking here:
See their housing loan programs by clicking here:
Inquire by calling them at 724-4244 or emailing them at

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