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Pag-IBIG Housing Loan Qualifications 2024 for Member Applications

PAG-IBIG HOUSING LOAN QUALIFICATIONS 2024 – Here is a guide for the members of the Fund on the eligibility criteria in applying for a Housing Loan.


Undeniably, in the Philippines, there are entities that have made names because of specific loan offers or services. One of them is the Pag-IBIG Fund which is most popular for its Housing Loan offer that has been a medium for many people to acquire a residential property.

The Pag-IBIG Fund is a state entity that has been in the service of millions of Filipinos since 1978. Its members are individuals who are locally-employed in the private and public sectors in the Philippines, self-employed, and those who applied for a voluntary membership to the Fund.


There are also Filipinos working abroad who manage an active membership to the Fund. The government office has several loan offers but its Housing Loan is the biggest contributor to its popularity.

The Pag-IBIG Fund’s Housing Loan offer was designed to serve several purposes related to residential properties. A member may apply for the loan to finance any of the following:


  • Purchase of a fully developed residential lot or adjoining residential lots not exceeding 1,000 square meters

  • Purchase of a residential house and lot, townhouse or condominium unit;

  1. Pre-owned or brand-new units,

  2. A property mortgaged with Pag-IBIG Fund; or

  3. Adjoining house and lots / townhouses / row houses / condominium units.

  • Construction or completion of a residential unit on a residential lot owned by the borrower or a relative of the borrower

  • Home improvement

  • Refinancing of an existing housing loan

Who are qualified to apply for the offer? Here are the Pag-IBIG Housing Loan qualifications for member’s eligibility to the offer this 2024:

  • active Pag-IBIG Fund member with least 24 months savings

  • not more than 65 years old at the date of loan application and is not more than 70 years old at the date of loan maturity

  • has legal capacity to acquire and encumber real property

  • no Pag-IBIG housing loan foreclosed, cancelled, bought back, or voluntarily surrendered

  • If with existing Pag-IBIG Housing account or Short Term Loan (STL), payments must be updated

Under the offer, the Fund accepts a clean Transfer of Certificate of Title (TCT), Original Certificate of Title (OCT), and Condominium Certificate of Title (CCT) as collateral to the loan. There are also Pag-IBIG Housing Loan qualifications in the case of the property. The following are not accepted as collateral:


  • Less than 28 sq. m. lot area

  • Less than 18 sq. m. condominium floor area

  • Properties with road right of way less than 1.5 meters

  • Land types classified other than residential use

  • Residential buildings must be compliant to the National Building Code, PD958 or BP220 as the case may be

In applying for the loan offer, there are requirements for Pag-IBIG Housing Loan 2024 application. The list of documents needed vary depending on the purpose of the loan application.

Source: Philnews

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