{"id":15807,"date":"2016-09-12T11:52:06","date_gmt":"2016-09-12T11:52:06","guid":{"rendered":"http:\/\/www.pinoy-ofw.com\/directory\/?p=15807"},"modified":"2016-09-12T11:52:06","modified_gmt":"2016-09-12T11:52:06","slug":"what-housing-programs-are-available-for-pag-ibig-members","status":"publish","type":"post","link":"https:\/\/www.pinoy-ofw.com\/directory\/what-housing-programs-are-available-for-pag-ibig-members-15807.html","title":{"rendered":"What Housing Programs are Available for Pag Ibig Members?"},"content":{"rendered":"

An eligible member may avail of a housing loan under either the End-User Financing Program or the\u00a0Magaang Pabahay, Disenteng Buhay Program.<\/em><\/p>\n

Under the End-User Financing Program, a member may avail of a loan to finance any of the following (Circular 247):<\/p>\n

a. Purchase of a fully developed lot not exceeding one 1,000 square meters, which
\nshould be within a residential area;
\nb. Purchase of a residential house and lot, townhouse or condominium unit, inclusive
\nof a parking slot. The unit may be:
\n\u2022 Old or brand new;
\n\u2022 A property mortgaged with the Fund; or
\n\u2022 An acquired asset, which is disposed of through sealed public bidding, negotiated
\nsale, or the Rent-to-Own Program.
\nc. Construction or completion of a residential unit on a lot owned by the member;
\nd. Home improvement, i.e. any alteration in an existing residential unit intended by a
\nhomeowner to be a permanent integral part of the property, which will enhance its
\ndurability and material value;
\ne. Refinancing of an existing mortgage with an institution acceptable to the Fund,
\nprovided that:
\n\u2022 The loan is not in default within the 12 months prior to the date of application;
\n\u2022 The said loan has a repayment history of at two years with the original mortgagee
\nf. Combination of loan purposes, which shall be limited to the following:
\n\u2022 Purchase of a fully developed lot not exceeding 1,000square meters and
\nconstruction of a residential unit thereon;
\n\u2022 Purchase of a residential unit, whether old or new, with home improvement;
\n\u2022 Refinancing of an existing mortgage with home improvement;
\n\u2022 Refinancing of an existing mortgage, specifically a lot loan, with construction of a
\nresidential unit thereon.<\/p>\n

Under the Magaang Pabahay, Disenteng Buhay Program, a qualified member may purchase an acquired asset of the Fund either in cash or through a housing loan at a reasonable price. A buyer who purchases an acquired asset in cash is entitled to a 20% discount on the property\u2019s sales price, while a buyer who purchases through a housing loan is entitled to a 15% discount on the property\u2019s sales price.<\/p>\n","protected":false},"excerpt":{"rendered":"

An eligible member may avail of a housing loan under either the End-User Financing Program or the\u00a0Magaang Pabahay, Disenteng Buhay Program. Under the End-User Financing Program, a member may avail of a loan to finance any of the following (Circular 247): a. Purchase of a fully developed lot not exceeding one 1,000 square meters, which […]<\/p>\n","protected":false},"author":2,"featured_media":14805,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[997],"tags":[1003],"class_list":{"0":"post-15807","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-faq","8":"tag-pag-ibig-hdmf-offices"},"acf":[],"_links":{"self":[{"href":"https:\/\/www.pinoy-ofw.com\/directory\/wp-json\/wp\/v2\/posts\/15807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoy-ofw.com\/directory\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoy-ofw.com\/directory\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoy-ofw.com\/directory\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoy-ofw.com\/directory\/wp-json\/wp\/v2\/comments?post=15807"}],"version-history":[{"count":0,"href":"https:\/\/www.pinoy-ofw.com\/directory\/wp-json\/wp\/v2\/posts\/15807\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pinoy-ofw.com\/directory\/wp-json\/wp\/v2\/media\/14805"}],"wp:attachment":[{"href":"https:\/\/www.pinoy-ofw.com\/directory\/wp-json\/wp\/v2\/media?parent=15807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoy-ofw.com\/directory\/wp-json\/wp\/v2\/categories?post=15807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoy-ofw.com\/directory\/wp-json\/wp\/v2\/tags?post=15807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}