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Showing posts with label low-cost housing. Show all posts

Thursday, April 21, 2016

TWO OR THREE PERSONS CAN JOIN TOGETHER AND APPLY FOR A PAG-IBIG HOUSING LOAN

Ano po ang kailangan para makapag-apply po ako at kami ng Housing Loan ng mga kasamahan ko?

Kinakailangan lamang po na ang bawat isa sa tatlong Borrower(1-member borrower and 2-member coborrower) ay mayroong kasalukuyang pinagkakakitaan at mayroong 24 months updated contribution(atleast 3 months latest sa Pag-ibig). Para din po sa karagdagang impormasyon, sundan lamang ang link na ito

PAG-IBIG FACEBOOK PAGE at MAG-INQUIRE SA KANILA

http://www.pagibigfund.gov.ph/benpro.asp

Eligibility Requirements

To qualify for a Pag-IBIG housing loan, a member shall satisfy the following requirements:

A. On Pag-IBIG Membership

Must be a member under the Pag-IBIG I, Pag-IBIG II or Pag-IBIG Overseas Program (POP) for at least twenty-four (24) months, as evidenced by the remittance of at least 24 monthly contributions at the time of loan application.

A member with less than the required number of contributions applying for a Pag-IBIG housing loan shall be allowed to make lump sum payment based on the mandatory monthly membership contribution rates (both EE and ER share) to meet the said requirement at point of loan application provided he has been a contributing member of the Fund for at least twelve (12) months. Lump sum payment of membership contributions shall be considered a single contribution for the applicable month as of the payment date.

A member whose loan exceeds P500,000.00 shall be required to pay the upgraded membership contribution rates upon housing loan approval and onwards.

A member who has contributed for at least two (2) years and whose loans exceed P500,000.00 shall be required to pay the upgraded contribution rates upon housing loan approval and onwards.

B. For purposes of satisfying the required two (2) years membership contributions, the member may opt to pay in lump sum any amount short of the said requirement. In addition, the period corresponding to the TAV applied earlier to an outstanding loan shall also be considered when counting the total number of monthly contributions, provided the remaining TAV after offsetting does not fall below the equivalent amount of two (2) years membership contributions.

Not more than sixty-five (65) years old at the date of loan application and must be insurable; provided further that he is not more than seventy (70) years old at loan maturity;

Has the legal capacity to acquire and encumber real property;

Has passed satisfactory background/credit and employment/business checks of the Pag-IBIG Fund;

Has no outstanding Pag-IBIG housing loan, either as a principal borrower or co-borrower;

However, should a co-borrower in a tacked loan signify an intention to avail of a Pag-IBIG housing loan for himself, he shall be allowed to do so provided the tacked loan is updated and the amount proportionate to his loan entitlement has been fully paid. Hence, the co-borrower shall be released from the original obligation and shall be allowed to avail of his own Pag-IBIG housing loan, subject to standard evaluation procedures.

Had no Pag-IBIG housing loan that was foreclosed, cancelled, bought back due to default, or subjected to dacion en pago, which shall include cases where the borrower is no longer interested to pursue the loan and surrenders the property;

Has no outstanding Pag-IBIG multi-purpose loan in arrears at the time of loan application. A member whose multi-purpose loan is in arrears shall be required to pay his arrearages over the counter to update his account.

DOCUMENTS REQUIRED UPON LOAN APPLICATION

A. Documentary Requirements

Housing Loan Application with recent ID photos of borrower
Membership Status Verification Slip
Proof of Income

3.1 For Locally Employed, any of the following:

Notarized Certificate of Employment and Compensation (Pag-IBIG format)
Notarized Certificate of Employment and Compensation (Employer’s format) and latest one (1) month payslip
Income Tax Return/Certificate of Tax Withheld (BIR Form No. 2316) and latest one (1) month payslip 3.2 For Self-Employed/Other Sources of Income
ITR, Audited Financial Statements and Official Receipt of tax payment from bank supported with DTI Registration and Mayor’s Permit/Business Permit
Commission Vouchers reflecting the issuer’s name and contact details (for the last 12 months)
Bank Statements or passbook for the last 12 months (in case income is sourced from foreign remittances, pensions, etc.)
Copy of Lease Contract and Tax Declaration (if income is derived from rental payments)
Certified True Copy of Transport Franchise issued by appropriate government agency (LGU for tricycles, LTFRB for other Public Utility Vehicle or PUVs)
Certificate of Engagement issued by owner of business
Other document that would validate source of income 3.3 For Overseas Filipino Workers (OFWs), any of the following:
Employment Contract (with English translation if in foreign language)
Original Employer’s Certificate of Income (with English translation if in foreign language). If document submitted is photocopy, it shall be duly validated and certified/initialed by HDMF Information Officer assigned in the country where the member works
Other Proofs of Income, whether original or photocopy, shall be duly validated and certified/initialed by HDMF Information Officer assigned in the country where the member works
Photocopy (back-to-back) of one (1) valid ID of Principal Borrower and Spouse, Co-Borrower and Spouse, and Attorney-In-Fact, if applicable. The same ID must be presented during the conduct of borrower’s validation.
Authorization to Conduct/Credit Background Investigation

For OFW members, Special Power of Attorney notarized prior to date of departure or duly certified and authenticated by the Philippine Embassy or Consulate in the country where the member is staying, if abroad

Insurance Coverage
Health Statement Form (Medical Questionnaire)
OFW members over 60 years old
Loans over P2.0 M to P3.0 M and for borrowers aged up to 60 years old
Health Statement Form (Medical Questionnaire) and Full Medical Examination
Borrowers over 60 years old
Marriage Contract (For all married borrower/s, co-borrower/s, spouse, family member/s included on the computation of aggregate income)
Birth Certificate or any proof of relationship, if with co-borrower/s or family member/s included on the computation of aggregate income

The Pro-forma Health Statement Form (Medical Questionnaire) is available at the Members Services Support Division-Servicing Department for NCR or at any Pag-IBIG Regional Branch or downloadable from the Pag-IBIG website, www.pagibigfund.gov.ph

Sunday, January 31, 2016

DECA HOMES, AFFORDABLE HOUSING LOAN PLAN AND ELEGANT HOUSE STYLE

If you are looking an affordable housing, a low-cost in a subdivision, one of the best options we could suggest is DECA HOMES.

It is one of the land developers that provide affordable low-cost housing. Their payment option includes in-house financing like Pag-Ibig which allows customers to loan or mortgage their house for up to 25 years term.

Aside from the low-cost housing they offer, their amenities and landscapes are also nice. Their subdivisions usually have swimming pools, clubhouse, playground or park, transportation service and the most important thing is their well-secured housing compound.
Here are some of the sample house designs.
Deca Homes had been developing lands and building houses and condominium all over the Philippines.

Wednesday, May 20, 2015

YOU WANT? HOUSE MADE OF RECYCLED BOTTLES, CONTAINERS AND PALLETS?

Thinking about building your own home but you don't have enough budget. Here are some homes building ideas using up-cycled materials like plastic bottles, glass bottles, container vans and pallets.

This house in Mexico is made out of glass and plastic bottles:

Look how beautifully they have turned those plastic bottles into a decorative wall.

here is how it looked like unfinished.

Wonder how they built it? Watch here:

And while many might be doubtful mixing cement and plastic, the next houses made from glass bottles might change your mind. We all know that glass bottles could be a good insulation and decorative too. The lay-out should not differ so much as the plastic bottle house, you simply don't need to fill the glass bottles with sand.

House made of glass bottles:

This is the Ryolite house in Nevada. It is a three bedroom house built in 1905.

Glass house in Boswell, built in 1952- is made of empty embalming fluid bottles.

Houses made from container van and trailers. The average life span of houses made from container van is 25 years but could vary depending on the topography, humidity and other factors.

This house in Boise, Idaho is made of flatbed trailer, cladded with wood from recycled pallets.