HQP-HLF-452

(V03, 11/2017)
CHECKLIST OF REQUIREMENTS FOR Pag-IBIG
HOME REHABILITATION/RECONSTRUCTION LOAN PROGRAM
(REGULAR)
RETAIL ACCOUNTS

BASIC REQUIREMENTS (UPON LOAN APPLICATION)

1. Home Rehabilitation/Reconstruction Loan Application with recent ID photos of borrower (2 copies, HQP-HLF-450)
2. Proof that the residential property was damaged by calamity
3. Proof of Income (see details at the back)
4. One (1) valid ID (Photocopy, back-to-back) of Principal Borrower and Spouse, Co-Borrower and Spouse, Seller and
Spouse and Developer’s Authorized Representative and Attorney-In-Fact, owner of title (For accommodation
mortgage, if applicable
5. Transfer Certificate of Title (TCT) (latest title, photocopy). For Condominium Unit, present TCT of the land and
Condominium Certificate of Title (CCT) (photocopy)
6. Updated Tax Declaration and Updated Real Estate Tax Receipt (photocopy)
7. Contract-to-Sell or similar agreement between the buyer and seller
REQUIRED DOCUMENTS PRIOR TO LOAN RELEASE
1. TCT/CCT in the name of the borrower/co-borrower/s (if applicable) with proper mortgage annotation in favor of
Pag-IBIG Fund (Owner’s Duplicate Copy)
2. TCT/CCT in the name of the borrower/co-borrower/s (Certified True Copy, if applicable) with proper mortgage
annotation in favor of Pag-IBIG Fund (RD’s copy)
3. New Tax Declaration and Updated Real Estate Tax Receipt in the name of borrower/co-borrower/s or lot owner (for
accommodation mortgage) (Photocopy, if applicable)
4. Loan Mortgage Documents
a. Loan and Mortgage Agreement (LMA) duly registered with Registry of Deeds with original RD stamp (HQP-HLF-
470)
b. Deed of Absolute Sale duly registered with Registry of Deeds with original RD stamp, if applicable
c. Duly accomplished/notarized Promissory Note (HQP-HLF-466)
d. Disclosure Statement on Loan Transaction (HQP-HLF-463)

DEVELOPER-ASSISTED ACCOUNTS

BASIC REQUIREMENTS (UPON LOAN APPLICATION)

For Buyer
1. Home Rehabilitation/Reconstruction Loan Application with recent ID photos of borrower (2 copies, HQP-HLF-450)
2. Proof that the residential property was damaged by calamity
3. Proof of Income (see details at the back)
4. One (1) valid ID (Photocopy, back-to-back) of Principal Borrower and Spouse, Co-Borrower and Spouse, Seller and
Spouse and Developer’s Authorized Representative and Attorney-In-Fact, if applicable
For Developer
1. Transfer Certificate of Title (TCT) (latest title, photocopy). For Condominium Unit, present TCT of the land and
Condominium Certificate of Title (CCT) (photocopy)
2. Updated Tax Declaration and Updated Real Estate Tax Receipt (photocopy)
3. Deed of Assignment of CTS with SPA (With Buyer’s Conformity)
4. Contract-to-Sell (CTS)
5. Preliminary/Updated Appraisal
6. Borrower’s Validation Sheet (HQP-HLF-058)

REQUIRED DOCUMENTS PRIOR TO LOAN RELEASE

1. New Tax Declaration and Updated Real Estate Tax Receipt in the name of Pag-IBIG Fund or borrower and co-
borrower (Photocopy, if applicable)
2. Security Documents
a. Deed of Absolute Sale executed by Developer in favor of Pag-IBIG Fund or the buyer, as the case may be
b. Duly accomplished/notarized Promissory Note (HQP-HLF-466)
c. Disclosure Statement on Loan Transaction (HQP-HLF-463)/Disclosure Statement on Buyer’s Transaction (HQP-
HLF-477)
d. Loan and Mortgage Agreement (HQP-HLF470)
3. Certificate of Acceptance (HQP-HLF-083)
ADDITIONAL REQUIRED DOCUMENTS FOR DEVELOPER WITH CTS DOCUMENTATION
1. Individual TCT/CCT covering the subject house and lot package/condominium unit with Deed of Assignment of CTS
with SPA (With Buyer’s Conformity) duly annotated thereon (Owner’s Duplicate Copy)
2. Deed of Assignment of CTS with SPA (With Buyer’s Conformity) duly registered with RD and bearing the original RD
stamp
3. Contract-to-Sell (CTS)
ADDITIONAL REQUIRED DOCUMENT FOR DEVELOPER WITH DCS DOCUMENTATION
1. TCT/CCT covering the subject property in the name of Pag-IBIG Fund or the borrower and co-borrower
2. Duly notarized Deed of Conditional Sale (DCS) between Pag-IBIG Fund and the buyer, if TCT/CCT is still under the
name of Pag-IBIG Fund or Loan Mortgage Agreement if TCT/CCT is under the name of the buyer (HQP-HLF-427/428)
For other applicable requirements, please refer at the back portion of the form.
Pag-IBIG Fund reserves the right to request additional documents to facilitate loan evaluation process.
 HQP-HLF-452
(V03, 11/2017)
Income Document: Additional Requirements (if applicable only)
For Locally Employed, any of the following: Upon Loan Application
a. Notarized Certificate of Employment and For OFW members
Compensation (CEC), indicating the gross monthly  Special Power of Attorney notarized prior to date of departure. For
income and monthly allowances or monthly monetary OFW member abroad, a SPA notarized by a Philippine Consular
benefits received by the employee Officer, or SPA notarized by a local notary (of the country where the
b. Latest Income Tax Return (ITR) for the year member is working) but duly authenticated by the Philippine
immediately preceding the date of loan application, Consulate.
with attached BIR Form No. 2316, stamped received  The Fund may also require any or a combination of the following
by the BIR documents:
c. Certified One (1) Month Payslip, within the last three - Payslip indicating income received and period covered
(3) months prior to date of loan application - Valid OWWA Membership Certificate
NOTE: For government employees, the Certified One (1) - Overseas Employment Certificate
Month Payslip, within the last three (3) months - Passport with appropriate visa (Working Visa)
prior to date of loan application, must be - Residence card/permit (permit to stay indicating work as the
submitted together with CEC or ITR. purpose)
- Bank remittance record
For Self Employed, any of the following Proof/s of
- Professional License issued by Host Country/Government
Income:
NOTE: If documents are in foreign language/s, English translation
a. ITR, Audited Financial Statements, and Official is required.
Receipt of tax payment from bank supported with DTI
Registration and Mayor’s Permit/Business Permit For Purchase of Lot with Construction of House
b. Commission Vouchers reflecting the issuer’s name  Building Plans, Specification with Bill of Materials duly signed by the
and contact details (for the last 12 months) Licensed Civil Engineer or Architect
c. Bank Statements or passbook for the last 12 months
(in case income is sourced from foreign remittances, For properties purchased from a Developer/Corporation/ Association
pensions, etc.)  License to Sell (Applicable to Developer only)
d. Copy of Lease Contract and Tax Declaration (if  Secretary’s Certificate on the Authorized Signatory of the
income is derived from rental payments) Developer/Corporation/Association
e. Certified True Copy of Transport Franchise issued by  One (1) valid ID of the Corporate Secretary and Authorized Signatory
appropriate government agency (LGU for tricycles, of the Developer/Corporation/ Association (Photocopy, back-to-back)
LTFRB for other PUVs) Insurance Coverage
f. Certificate of Engagement issued by owner of
business a. Health Statement Form (Medical Questionnaire)
g. Other document that would validate source of income  For borrowers over 60 years old
For Overseas Filipino Workers (OFW), any of the  For borrowers up to 60 years old, if loan is over P2.0 M to P6.0 M
following: b. Health Statement Form (Medical Questionnaire) and copy of the
result of medical examination conducted prior to assignment
a. Employment Contract overseas as required by the employment agency
 Employment Contract between employee and  For OFW borrowers over 60 years old
employer; or
 POEA Standard Contract Prior to Loan Release
b. Certificate of Employment and Compensation (CEC)  Surety bond (for properties that are subject to the lien imposed by
 CEC written on the Employer/Company’s official Section 4 Rule 74 of the Rules of Court)
letterhead; or  Collection Servicing Agreement with Authority to Deduct Loan
 CEC signed by employer (for household staff and Amortization or Post Dated Checks
similarly situated employees) supported by a
photocopy of the employer’s ID or passport For Purchase of Residential Unit and PLCH only
c. Income Tax Return filed with Host  Occupancy Permit (For new housing unit)
Country/Government  Building Plans/Electrical/Sanitary Permits duly approved by the
NOTE: If documents are in foreign language/s, building officials (For PRU new only)
English translation is required.