PAGIBIG

Frequently Asked Questions

  • How long ma build ang bahay?
    • 6 to 8 months construction. House will be built upon 3 conditions:

      1. Fully-paid Downpayment (Equity + Processing)
      2. Complete PAGIBIG Requirements or BANK Requirements (if in-house, no need for much requirements)
      3. Ready na ang roads and drainages

      Please note that after you complete the 3 above, you will belong to batching of construction. Houses are built by batch. So let’s say, batch 2 will be done next 2 months and you are batch 3, you will begin 2 months from now.

  • What if I am abroad?
    • No problem if you are abroad. Ang pinaka importante, may proof of income ka like COE or ITR because ‘yan ang basis ni PAGIBIG / Banks para pahiramin ka pera.

  • What if hindi pa ako naka contribute sa PAGIBIG?
    • No problem. You can pay the 2 years required as lumpsome through our company. We will spread it out to 24 months. Important: dapat ipadaan sa amin and not direct sa PAGIBIG dahil tendency 24 months payment (P4800) i-laan sa isang buwan.

  • When will I get the title?
    • You will get the original title under your name after you fully pay your loan from PAGIBIG, Bank or Company (if inhouse)

  • What if I am married but separated?
    • That’s a problem because the spouse must sign the documents and the property will be a conjugal property. If you are the buyer, dapat mong iacknowledge na magiging possession pa ito ng spouse mo unless may upcoming annulment or separation mechanism na darating.

  • What if mamatay ako / owner habang nasa amortization stage pa ako?
    • Merong tayong tinatawag na MRI or Mortgage Redemption Insurance. Ito ay compulsory or sapilitan dahil ano man ang mangyari sayo, mapupunta pa din sa pamilya/ beneficiaries mo ang lupa at bahay.

  • What if di na ako naka bayad ng equity?
    • Dapat hindi aapaw sa 2 buwan ang kulang dahil posibleng ipatawag ka, at mabigyan ng notice to pay. Dapat mag bigay ng promisory note at tuparin ito. Pag sobrang tagal na ang hindi pag babayad, walang makukuhang refund ang client by virtue of the signed agreement or owner’s discretion.

  • What if I want to back-out?
    • If updated ang pagbabayad ng equity, marerefund ang 50% ng total payments less commissions.

  • What is Included in the Processing Fees?
    • That includes title transfer, ceneco, baciwa, processing fee, geodetic, mayor’s permit, fire permit, building permit, engineering processing, electricity permit and connection (CENECO) and water connection (BACIWA). All of which you won’t give attention to na since the company everything for you

  • How long does it take from full downpayment to house transfer?
    • After complete PAGIBIG / Loan requirements and fully-paid downpayment, you will belong to House Construction Batching. Once your batch starts construction, it takes around 6 months.

  • How much is the maximum loanable amount from PAGIBIG?
    • For the low cost category, maximum is 2 Million or not exceeding that. The principal burrower must present proof of income (Job Contract, COE or ITR) that proves earnings can compensate the loan payments / amortization. The standard figure is that your monthly installment / amortization must not exceed your 35% of your monthly income. If you are married, your salary is combined with your spouse if he or she is working. There are instances that single/ unmarried people apply with a co-burrower.