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
6 sign the loan documents
Prepare and issue the Notice of Approval
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