Tips to get a Pag-ibig Housing Loan
One step-by-board obtaining a Pagibig housing loan.
Pag-ibig Financing Cycle for normal Processing
For Loan Purpose:
* Acquisition of a completely developed lot.
* Acquisition of a residential house and lot, townhouse or condominium unit including parking area.
Client Side: (About thirty days, Completing Needs.)
Stage 1: Attend the Pag-ibig Housing Loan Counseling
You’ll be needed to go to a Loan Counseling carried out at any Pagibig office. (Look into the nearest office for his or her schedule. You may also request your agent relating to this. ) This really is to make sure that (most probably) guess what happens you are receiving into.
Developer Side: (About 15-thirty days, Check/Evaluate documents/Signing of contracts)
Stage 2: File Pag-ibig Housing Application For The Loan with needed documents.
1. You will have to get a Approved Membership Status Verification Slip or MSVS fro Pag-ibig. This can verify your standing like a member and when you pass the qualifications needs right here: Qualifications Needs.
2. A completed Housing Application For The Loan or (HLA). This is actually the official application.
3. Completed documents from COR or Record of Needs.
4. At this time, additionally, you will be filling out the Contract to market together with your property developer.
Pagibig Side: (About 7-15 Days, Processing.)
Stage 3: Approval of housing application for the loan
HMDF processing and CI or Credit Analysis usually 7-15 days.
Stage 4: Discharge of Loan Proceeds
Once approved, developer will state buyer and will also be delivering final documents and contracts at this time.