Scribd Logo
Upload

Welcome to Scribd!

  • 1K views

    Availment of Housing Loan

    Uploaded by

    geanndyngenlyn
    The document outlines the steps for availing a housing loan from Pag-IBIG Fund, including: 1. Attending loan counseling and submitting an application and requirements. 2. Submitting additional documents upon loan approval and approval notice. 3. Claiming the check after final processing and requirements submission.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    Availment of Housing Loan

    Uploaded by

    geanndyngenlyn
    1K views6 pages
    The document outlines the steps for availing a housing loan from Pag-IBIG Fund, including: 1. Attending loan counseling and submitting an application and requirements. 2. Submitting additional documents upon loan approval and approval notice. 3. Claiming the check after final processing and requirements submission.

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document outlines the steps for availing a housing loan from Pag-IBIG Fund, including: 1. Attending loan counseling and submitting an application and requirements. 2. Submitting additional documents upon loan approval and approval notice. 3. Claiming the check after final processing and requirements submission.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    1K views6 pages

    Availment of Housing Loan

    Uploaded by

    geanndyngenlyn
    The document outlines the steps for availing a housing loan from Pag-IBIG Fund, including: 1. Attending loan counseling and submitting an application and requirements. 2. Submitting additional documents upon loan approval and approval notice. 3. Claiming the check after final processing and requirements submission.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    AVAILMENT OF A Pag-IBIG HOUSING LOAN

    (For Direct or Retail Loan Application)

    SERVICING UNIT – NCR HOUSING


    MEMBER-APPLICANT GROUP/MORTGAGE & LOANS DIVISION -
    REGIONAL/SUB-REGIONAL
    OFFICE/MORTGAGE TAKE-OUT
    SECTION – Pag-IBIG INTERNATIONAL
    OPERATIONS GROUP (PIOG)

    Attend Loan Counseling ƒ Counsel/screen member-applicant on the Pag-


    ƒ Accomplish PLCQ IBIG Housing Loan Program
    STEP
    ƒ If eligible, accomplish MSVS ƒ Provide Preliminary Loan Counseling
    1
    ƒ Submit accomplished PLCQ and Questionnaire (PLCQ) and Membership Status
    MSVS Verification Slip (MSVS) (HDMF H8-8)

    If eligible, secure a Pag-IBIG Housing


    STEP Loan Application form (HDMF H1-1) Provide Pag-IBIG Housing Loan Application form
    2 together with the checklist of (HDMF H1-1) and checklist of requirements
    requirements*
    * Required Documents for submission upon loan application:
    1. Housing Loan Application with ID photos of borrower (properly accomplished and duly
    notarized)
    2. Income Tax Returns (ITRs) and BIR Form No. 2316 for the last two years immediately
    preceding date of loan application
    3. Valid Certificate of Employment and Compensation (CEC) (for Pag-IBIG I & II)/ Employment
    Contract or Employer’s Certificate of Income duly certified by the employer (for POP
    members) (where applicable)
    4. Latest Payslip (one-month)
    5. Certified true copy of TCT/CCT/OCT by the Register of Deeds (latest title)
    6. Location Plan and Vicinity Map
    7. Photocopy of Updated Tax Declaration and Tax Receipt
    8. Special Power of Attorney (for member/s abroad, SPA must be duly certified by the
    Philippine Embassy or Consulate in the country where the member is staying)
    9. Medical Questionnaire and/or Full Medical Examination (For loans over P750,000 and for 1
    borrowers over 60 years old)
    10.Proof of Billing Address
    SERVICING UNIT – NCR HOUSING
    MEMBER-APPLICANT GROUP/MORTGAGE & LOANS DIVISION -
    REGIONAL/SUB-REGIONAL
    OFFICE/MORTGAGE TAKE-OUT
    SECTION – Pag-IBIG INTERNATIONAL
    OPERATIONS GROUP (PIOG)

    Submit accomplished HDMF H1-1 form ƒ Check completeness of documents


    STEP together with the complete required ƒ Request applicant to pay the P1,000 processing
    3 fee
    documents

    STEP Secure Payment Order Form (POF) Issue Payment Order Form to member-applicant
    4

    TREASURY – HEAD OFFICE/ CASH


    DIVISION - REGIONAL/SUB-REGIONAL
    OFFICE/PIOG

    Pay the initial processing fee of P1,000 Issue Pag-IBIG Fund Receipt (PFR) (HDMF T1-1)
    STEP
    and upgraded monthly contribution (if
    5
    applicable)
    NCR HOUSING GROUP/MORTGAGE &
    LOANS DIVISION - REGIONAL/SUB-
    REGIONAL OFFICE/MORTGAGE TAKE-
    OUT SECTION – Pag-IBIG
    INTERNATIONAL OPERATIONS GROUP
    (PIOG)

    Review/evaluate loan documents and conduct


    ocular inspection of the subject property
    2
    NCR HOUSING GROUP/MORTGAGE &
    LOANS DIVISION - REGIONAL/SUB-
    MEMBER-BORROWER
    REGIONAL OFFICE/MORTGAGE TAKE-
    OUT SECTION – Pag-IBIG
    INTERNATIONAL OPERATIONS GROUP
    (PIOG)

    STEP Receive the Notice of Approval(NOA) and Prepare and issue the Notice of Approval
    6 sign the loan documents together with the following loan documents:
    ƒ Promissory Note & Loan and Mortgage
    Agreement (PN with LMA) (HDMF H4-71)
    ƒ Certificate of Lot Acceptance (for lot purchase)
    ƒ Certificate of Lot/House Acceptance (for
    purchase of a residential unit)
    ƒ Certificate of House Acceptance and
    Completion (for house construction)
    ƒ Disclosure Statement on Loan Transaction

    Proceed to the BIR and present the


    Deed of Absolute Sale (DOAS) executed
    by the owner of the property and the
    applicant for the computation of
    documentary stamps and capital gains
    tax, and proceed to authorized banks for
    STEP the payment of documentary stamps and
    7 capital gains tax.
    NOTE: Authorized bank shall issue a
    receipt as proof of payment
    which shall later be presented to
    the BIR. The BIR shall then
    issue to the member-borrower a
    Certificate Authorizing
    Registration. 3
    MEMBER-BORROWER

    ƒ Proceed to the Registry of Deeds


    (RD) for payment of transfer tax and
    registration fees relative to the transfer of
    title and annotation of mortgage
    ƒ Present the following documents to
    the RD:
    STEP - TCT/CCT/OCT in the name of the
    8 seller
    - Deed of Absolute Sale (DOA)
    between the owner of the property and
    applicant
    - PN with LMA
    - Certificate Authorizing Registration
    (issued by BIR)

    Proceed to the Assessor’s Office for the


    STEP assessment of property, and secure new
    9 tax declaration in the name of the
    member-borrower.

    Secure Occupancy Permit from the


    Local Government Unit’s (LGU’s)
    Engineering Office. This is applicable to
    STEP
    the following loan purposes: Purchase of
    10
    New Residential Unit, Purchase of Lot
    and Construction of House (PLCH), and 4
    Construction of House (CH).
    PROCESSING UNIT – NCR HOUSING
    MEMBER-BORROWER GROUP/MORTGAGE & LOANS DIVISION -
    REGIONAL/SUB-REGIONAL
    OFFICE/MORTGAGE TAKE-OUT
    SECTION – Pag-IBIG INTERNATIONAL
    OPERATIONS GROUP (PIOG)
    STEP
    11 Submit the required documents*

    Check completeness of documents


    * Required Documents for submission upon loan approval:
    1. Owner’s Duplicate Copy of the TCT/CCT/OCT in the name of
    the borrower with proper mortgage annotation in favor of the
    HDMF Processing of Request for Payment (RFP) and
    2. Tax Declaration in the name of the borrower DV/Check
    3. Deed of Absolute Sale with R.D. stamp (for PLCH, DOAS shall
    cover lot only)
    4. Promissory Note with Loan and Mortgage Agreement (PN with
    LMA) (HDMF H4-71) with original RD stamp
    5. Certificate of Lot/House Acceptance (if not self-administered)
    6. Certificate of Lot Acceptance (for lot purchase)
    7. Updated Real Estate Tax Receipt
    8. Certificate of House Acceptance and Completion (for house
    construction)
    9. Disclosure Statement on Loan Transaction
    10. Authority to Deduct Loan Amortization, if applicable
    11. Occupancy Permit (upon loan take out)

    5
    Cash Unit-Technical Support Housing
    MEMBER-BORROWER Group/Cash Division-/RO/Sub-RO/PIOG

    Claim check Release check


    STEP NOTE: The remaining processing fee of NOTE: HDMF shall release the take-out proceeds
    12 P2,000 shall be deducted from the due the member-borrower within 5 working
    loan proceeds. days from the date of submission of
    complete loan documents.

    Pay monthly amortization


    NOTE: If payment of amortization is not
    STEP thru salary deduction, issue 12
    13 post dated checks (PDCs) upon
    receipt of loan proceeds.

    PROCESSING TIME:
    ƒ Issuance of Notice of Approval (NOA) - 30 Working Days upon
    submission of complete loan documents
    ƒ Release of Take-out Proceeds – 5 Working Days upon compliance with
    the requirements stated in the Notice of Approval (NOA)
    6

    You might also like