Planning to own your dream home in a subdivision development? Here’s a simple step-by-step guide to help you understand the process of purchasing a lot with house construction through Pag-IBIG Financing.
1. Choose Your Preferred Property
Select your preferred block and lot, including the ideal lot size and house model that best suits your needs, lifestyle, and working budget.
Like
* 3 bedroom Bungalow with Toilet and bath,
* 3 Bedroom 2 Storey Single attached with 2 Toilet and Bath,
* 3 Bedroom Single Attached with 2 Toilet and Bath, Bedroom on Ground Floor, Family Area and Terrace in 2nd floor, or
* 4 Bedroom 2 Storey Single Attached House with Bedroom on Ground floor, toilet and Bath on Master Bedroom, common Toilet and Bath and terrace on second floor. To secure your preferred block and lot and house model, submit the following:
- Client’s Information Sheet
- Proof of Income
- Two (2) Valid IDs
- Reservation Fee
2. Check Your Financing Capacity
As a general guide, allocate at least 35% of your gross monthly income for your projected Pag-IBIG monthly amortization. This helps ensure comfortable and sustainable monthly payments.
3. Select Your Downpayment Option
Choose a downpayment term that aligns with your affordability and financial goals. Flexible payment options are available, including up to 24 months to pay with zero interest — ideal for buyers who are not in a hurry to move in, then do advance payment within downpayment stage remember it’s interest free.
4. Processing of Your Pag-IBIG Housing Loan
The processing of your Pag-IBIG Housing Loan is timed with the progress of the house construction. Requirements include:
- Signed Agreement between the Developer and Buyer
- Developer’s documentary requirements
- Buyer’s updated and valid Proof of Income
- Verified Pag-IBIG Membership Eligibility Status
These documents are necessary to support the approval of your housing loan application.
5. House Construction Timeline
House construction usually takes around 4 to 6 months, depending on house model and weather conditions. Completion of the house is required before the release of the loan proceeds. To avoid delays, ensure that your proof of income and other financial documents remain valid during the processing period.
6. Start of Monthly Amortization
Your Pag-IBIG monthly amortization will begin 30 days after the release of the loan proceeds. Please note that the Mortgage Redemption Insurance (MRI) may be added on top of your monthly amortization.
7. Inspection, Acceptance, and Move-In
Once construction is completed, you may inspect and accept your brand-new home. After the final acceptance, the key turnover and move-in process will follow.
Welcome to Your Brand-New Home!
Enjoy living in your most preferred home with minimal downpayment and affordable monthly amortization of up to 30 years through Pag-IBIG Financing.
Let us help you make your dream home a reality.
📞 Call or text us 0961 692 9784 today to discuss the best option for you!
3 Bedroom House and Lot For Sale Isabela 