9.02.2012

Pag-ibig Housing Loan Amount Based on Monthly Contribution

Amount of Pag-ibig Housing Loan Based on Monthly Contribution

How much can I borrow from Pag-ibig for the purchase of a house and lot?

There are 3 factors considered by Pag-ibig to determine the amount you can borrow:

1. Monthly Pag-ibig contribution
2. Value of House and Lot, Condo, Lot only, or House to be Constructed (This will be your loan collateral)
3. Ratio of Monthly Amortization to your Monthly Income

Notes on these 3 factors:

1. Monthly Contribution: See table below

2. Value of Property:

If the appraised value of the property is 1.25 M pesos or less, you can borrow 90% of the appraised value.
If the appraised value is more than 1.25 M pesos up to 6 M pesos, you can borrow 80% of the appraised value.

Pag-ibig Fund appraisers will appraise the property.

3. Monthly Loan Payment:

For loans up to 1.25 M pesos, your monthly amortization should not be more than 35% of your gross monthly income.

For loans more than 1.25 M pesos, your monthly amortization should not be more than 30% of your gross monthly income.

Example: If your gross monthly salary is 30k, your monthly amortization  for your housing loan should not be more than 10,500 pesos (35% x 30k).  This means you cannot choose a house and lot or a property which requires you to pay more than 10,500 pesos a month.



PAG-IBIG HOUSING LOAN AMOUNTS

MonthlyHousing Loan Amount
Contribution     
(Pesos) (Pesos)
200up to 500,000
250over 500,000 to 600,000
300over 600,000 to 700,000
350over 700,000 to 800,000
400over 800,000 to 900,000
450over 900,000 to 1 Million
500over 1 M to 1.1 M
550over 1.1 M to 1.2 M
600over 1.2 M to 1.3 M
650over 1.3 M to 1.4 M
700over 1.4 M to 1.5 M
750over 1.5 M to 1.6 M
800over 1.6 M to 1.7 M
850over 1.7 M to 1.8 M
900over 1.8 M to 1.9 M
950over 1.9 M to 2 M
1,000over 2 M to 2.1 M
1,050over 2.1 M to 2.2 M
1,100over 2.2 M to 2.3 M
1,150over 2.3 M to 2.4 M
1,200over 2.4 M to 2.5 M
1,250over 2.5 M to 2.6 M
1,300over 2.6 M to 2.7 M
1,350over 2.7 M to 2.8 M
1,400over 2.8 M to 2.9 M
1,450over 2.9 M to 3 M
1,500over 3 M to 3.1 M
1,550over 3.1 M to 3.2 M
1,600over 3.2 M to 3.3 M
1,650over 3.3 M to 3.4 M
1,700over 3.4 M to 3.5 M
1,750over 3.5 M to 3.6 M
1,800over 3.6 M to 3.7 M
1,850over 3.7 M to 3.8 M
1,900over 3.8 M to 3.9 M
1,950over 3.9 M to 4 M
2,000over 4 M to 4.1 M
2,050over 4.1 M to 4.2 M
2,100over 4.2 M to 4.3 M
2,150over 4.3 M to 4.4 M
2,200over 4.4 M to 4.5 M
2,250over 4.5 M to 4.6 M
2,300over 4.6 M to 4.7 M
2,350over 4.7 M to 4.8 M
2,400over 4.8 M to 4.9 M
2,450over 4.9 M to 5 M
2,500over 5 M to 5.1 M
2,550over 5.1 M to 5.2 M
2,600over 5.2 M to 5.3 M
2,650over 5.3 M to 5.4 M
2,700over 5.4 M to 5.5 M
2,750over 5.5 M to 5.6 M
2,800over 5.6 M to 5.7 M
2,850over 5.7 M to 5.8 M
2,900over 5.8 M to 5.9 M
2,950over 5.9 M to 6 M


Notes:

1. For socialized housing projects, you can borrow up to 100% of appraised value..
2. For government employees, their net take-home pay will be evaluated based on the requirements described in the General Appropriations Act.

Source:
HDMF Circular No. 310
Amended Guidelines on the Pag-ibig Fund End-User Home Financing Program
Signed by Atty. Darlene Marie B. Berberabe
Pag-ibig Chief Executive Officer
June 6, 2012
Guidelines effective July 2, 2012
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