Pag-IBIG House and Lot Near Bay, Laguna

Planning to get a new house? A Pag-IBIG house and lot near Bay, Laguna might be the one for you. 

Buying a home is a major expense that can take years to fully pay off. However, although it’s expensive, it’s a long-term investment for you and your future family.

What is Pag-IBIG?

Pag-IBIG is a government-owned and managed organization under the Philippine Department of Human Settlements and Urban Development in charge of administering the national savings program and affordable housing finance for Filipinos. The Pag-IBIG Fund Housing Loan can loan you up to P6 million at very low-interest rates and the most favorable terms to help you realize your dream of owning a home.

Before anything, here are the requirements for a Pag-IBIG home loan application. 

1. Housing Loan Application with recent ID photo of borrower/co-borrower (if applicable) (2 copies) 
2. Proof of Income 
3. One valid ID (photocopy, back-to-back) of Principal Borrower and Spouse, Co-Borrower and Spouse, Seller and Spouse, and Developer’s Authorized Representative and Attorney-In-Fact, if applicable.
4. Transfer Certificate of Title (TCT) (latest title, photocopy). For Condominium Unit, present TCT of the land and Condominium Certificate of Title (CCT) (photocopy). 
5. Updated Tax Declaration (House and Lot) and Updated Real Estate Tax Receipt (photocopy) 
6. Contract-to-Sell or similar agreement between the buyer and seller. 
7. Vicinity Map/Sketch of the Property

Also take note of the requirements before loan release of a Pag-IBIG house and lot near Bay, Laguna, as follows:

1. TCT/CCT in the name of the borrower/co-borrower/s (if applicable) with proper mortgage annotation in favor of Pag-IBIG Fund (Owner’s Duplicate Copy) 
2. TCT/CCT in the name of the borrower/co-borrower/s (if applicable) (Certified True Copy) with proper mortgage annotation in favor of Pag-IBIG Fund (RD’s copy)
3. Updated Tax Declaration (House and Lot) and Updated Real Estate Tax Receipt (photocopy) in the name of borrower and co-borrower/s, if applicable
4. Loan Mortgage Documents 
   1. Loan and Mortgage Agreement duly registered with Registry of Deeds with original RD stamp (HQP-HLF162/163) 
   2. Deed of Absolute Sale duly registered with Registry of Deeds with original RD stamp 
   3. Duly accomplished/notarized Promissory Note (HQP-HLF-086/087)
   4. Disclosure Statement on Loan Transaction (HQP-HLF-085)

When you get approved, you may use the Pag-IBIG Housing Loan to finance any or a mix of the following:

• Purchase of a completely developed residential lot or contiguous residential lots with a total area of no more than 1,000 square meters;
• Purchase of a single-family home and land, a townhouse, or a condominium unit;
• A property mortgaged with the Pag-IBIG Fund; or adjoining house and lots / townhouses / row houses / condominium units.
• Building or completing a residential unit on a residential lot held by the borrower or a borrower’s relative; and home improvement
• Refinancing of an existing home loan, provided that the borrower has been making regular payments on the loan’s amortizations for the last six months, with no payment made more than 30 days past due.

What’s great about this is that there are various Pag-IBIG house and lot near Bay, Laguna that are reasonable and within close proximity to main roads, schools, and malls.

For more details and for your real estate needs, visit Elanvital Encalves or contact its sales at +63 9271440196.