Owning a house is one of the most ultimate dreams one can ever hope for. It is a dream for many of us and still striving for it.

Yet still, a lot of Filipinos are thriving now to provide their families a home that they can call their own. In acquiring a house there are three common financing options a buyer can avail of, First is the In-house Financing, Second is thru Bank Financing. The third is thru PAGIBIG Housing Loan.

Good News to our Home Buyers who are PAGIBIG Members!

Being a Pag-IBIG Fund member allows you to avail of their Pag-IBIG housing loan. With their program, you can purchase a residential house and lot, buy a fully developed lot not exceeding 1,000 sqm, have a residential unit constructed on a lot that you own, and purchase a townhouse or condominium unit that includes a parking slot.

Summer Pines Subdivision a residential development of Bilkenn Corporation, which has a good track record on PAGIBIG housing loan approvals is offering assistance for their PAGIBIG Member home buyers. No need to take a day off their work and go back and forth to the PAG-IBIG office in fixing their loan requirements and application.

Know more and follow these easy steps as you get close to making one of your dreams come true:


1. Membership.

Must be a member of PAG-IBIG Fund, if not a member yet please do register first.

2. Eligibility.

Check if you are eligible to apply for the Pag IBIG housing loan.

A Pag IBIG Fund member with 24 months’ worth of contributions at the time of application.

New members who have been paying contributions for at least 12 months can also complete the required amount of contributions through lump-sum payment.

Members who have contributed for at least two years and whose housing loans exceed Php 500,00 will be required to pay the upgraded membership contribution rates upon approval of the said loan and onwards.

3. Submission of Required Document


I. 3 Sets Housing Loan Application with ID photos of the borrower (properly accomplished and duly notarized)

II. 3 pcs 1 x 1 ID Picture

III. Verified Tax Identification Number

IV. Employee Statement of Accumulated Value

V. Birth Certificate. If Married – Marriage Contract

VI. Foreign Marriage -Passport Copy of Spouse and 2 Valid ID’s with 3 Signatures

VII. 2 Valid ID’s (Company/ Passport/ Government ID’s) Photocopy 3 sets with 3 signatures (If married please include Spouse ID’s; If OFW, Visa ID / Resident Identity Card)

VIII. Notarized Original Certificate of Employment with Compensation ( Local and Private Employer only)

IX. Photocopy of COEC and Overseas Employment Certificate (OEC) from POEA (OFW). If Original of COEC, Provide a Photocopy of Employment

X. Contract from Employer (OFW)

XI. Photocopy of Employment Contract (OEC) from POEA with E-ticket (SEAMAN)

XII. Original Latest 3 months Pay Slip with the signature of HR/Employer (GOVERNMENT)

XIII. Online Job- Proof of Income Receipt like converted to Philippine Peso like GCASH/ Paypal/ Bank Statement

XIV. Latest 2yrs Bank Statement with Bank Certificate (Online & Commission Basis)

XV. 2307 and Company Permits (Commission Basis)

XVI. SPA Pag-ibig Format Red Ribbon or Notarize SPA Pag-ibig and Photocopy of Passport with proof of entry and exit in the Country (OFW)

XVII. Authorization Letter prior to Employment Verification

XVIII. Latest Business Permits -Mayors Permit, DTI,COR & 3 Years ITR w/ BIR Stamp and Detailed Business Sketch with Landmark (SELF & LOCAL EMPLOYED)

XIX. Latest 24 Months Pag-ibig Contribution; Certificate of Pag-ibig Contribution or Latest Contribution Receipt

XX. Members Data Form (MDF)

4. Loan Counselling.

As a pre-loan approved member, you are required to attend Loan Counselling done by PAGIBIG.

5. Occular Inspection.

A prerequisite to loan releasing, PAGIBIG will conduct an inspection to the property upon completion.

*Subject property should have been requested and undertaken prior to submission of required documents.

Required Documents for submission upon loan approval:

I. Individual Transfer Certificate of Title (TCT) covering the subject house and lot package with the Deed of Assignment duly annotated thereon

II. Occupancy Permit

III. Tax Declaration

IV. Updated Real Estate Tax Receipts

V. Deed of Assignment (With Borrowers-Buyers Conformity) (HDMF H4-72a)

VI. Certificate of Acceptance

VII. Disclosure Statement on Loan Transaction

VIII. Authority to Deduct Loan Amortization, if applicable

6. Claim check.

Once the check is available for pick-up, you will get another call from Pag IBIG. Releasing of Loan for successful turnover of the property, Check or Loan Proceeds will be given directly by PAGIBIG to the developer.

7. Pay monthly amortization.

Basically, it refers to the monthly payments that you will make for the next coming months and years to pay off the Pag IBIG housing loan.

There are different ways to pay your monthly amortization:

a. Payment through post-dated checks (PDCs).

  • If you choose this, you need to issue and submit 12 post-dated checks to the Pag IBIG Fund upon loan release. These checks will cover 1-year monthly amortization.

  • Get the Acknowledgment Receipt (AR).

  • Return to the Pag IBIG upon consumption of the 10 PDCs (exclusive of the remaining 2) to issue another 12 checks.

  • Always claim and keep the receipts from Pag IBIG each time you issue a check.

b. Payment through salary deduction.

  • If you opt for amortization payment via salary deduction (as most Filipino employees do), you need to submit Authority to Deduct to the Billing Division/Accounts Management and Billing Department/Loans Management and Recovery Housing Business Centre/Members Services Branch.

  • Upon loan takeout, an equivalent of one-month amortization will be deducted from the loan proceeds.

c. Other modes of payment.

  • Auto debit arrangement with banks.

  • Accredited collection partners (available for both local and overseas remittance).

  • Payment to an accredited developer with a Collection Servicing Agreement with the Pag IBIG Fund.

  • Other methods of payment that the Pag IBIG Fund may implement in the future.

Tips and Advice

A. Just like when you’re applying for a credit card, your credit score may also be reviewed during the evaluation of your Pag IBIG housing loan application. A credit score contains vital personal information as well as your past financial transactions with banks and lending institutions.

Make sure your credit score is up-to-date, accurate, and isn’t tarnished by unpaid debts. You can secure a free copy of your credit score from the Credit Information Corporation (CIC) or any of its accredited credit bureaus.

B. Don’t go to Pag IBIG empty-handed. Before applying for a housing loan, you should already have saved up at least 20% of the property’s value for the down payment.

The higher the down payment you can afford to pay, the more likely your housing loan application will get approved. It can also lower your interest rate, monthly mortgage, loan-to-value ratio, and loan term.

C. For the employed, the key to getting approved is to show you have a solid employment history. Job hopping and gaps in your employment history may be seen as red flags. Employment tenure means income stability and the capability to pay off your housing loan.

D. If you’re afraid you might not be qualified due to insufficient income, convince someone with a regular job and good credit history to take you as a co-borrower.

Pag IBIG allows a principal borrower to share the housing loan with up to two co-borrowers who can be a relative or not.

E. Carefully assess your current income and determine how much of it you can set aside for the monthly amortization. Ideally, the loan amount should not exceed your three-year salary while your mortgage or monthly amortization shouldn’t go beyond 20-30% of your gross monthly income.

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Bilkenn Corporation is a dynamic and fast growing developer that develops both affordable and luxurious modern houses equipped  with the latest architectural advancements and high quality materials  for all types of family with full of comfort and satisfaction.

HLURB License to Sell: 030535-030536
Phase 1 LTS Number: 033015 - 16

Phase 2 LTS Number: 032914 - 15

Cavite Office

73 - 75 Bonifacio Street,
Noveleta, Cavite, Philippines

+63 917 544 7777

Quezon City Office

60 Quezon Avenue,
Quezon City, Philippines

(028) 256 9900

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