PAG-IBIG HOUSING LOAN REFINANCING CHECKLIST

(For loan take-out from banks or developers)

✅ 1. BASIC DOCUMENTS

•  Housing Loan Application Form (HQP-HLF-068) – completely filled out

•  Two (2) 1x1 ID photos (recent)

•  Valid government-issued ID (with signature) – at least 2 copies

•  Proof of Pag-IBIG Membership (at least 24 monthly contributions)

•  Tax Identification Number (TIN)

•  Proof of Billing / Residence

💼 2. INCOME DOCUMENTS

For Locally Employed:

•  Certificate of Employment and Compensation

•  Latest 1-month payslip

•  Latest ITR with BIR Form 2316

For Self-Employed:

•  Business Registration (DTI/SEC)

•  Mayor’s Permit

•  Audited Financial Statement / ITR (latest)

•  6-months bank statements

For OFW:

•  Employment Contract or Certificate of Employment (Consularized)

•  Payslips for the last 3 months

•  Passport with latest entry/exit stamps or valid visa

📑 3. EXISTING LOAN DOCUMENTS

•  Loan Statement of Account from your current bank or lender

•  Loan Ledger showing payment history

•  Payoff Letter / Outstanding Balance Certificate (valid within 30 days)

•  Copy of the Promissory Note from the existing loan

•  Deed of Real Estate Mortgage from current lender

🏡 4. PROPERTY DOCUMENTS

•  Certified True Copy of Transfer Certificate of Title (TCT/CCT)

  • TCT should be under borrower’s name and free from liens except current mortgage

•  Updated Tax Declaration (land and improvement)

•  Real Property Tax Receipt (current year)

•  Location and Vicinity Map

•  Photos of the Property (front, sides, interior)

🔧 5. PAG-IBIG REQUIREMENTS (For Processing)

•  Notarized Special Power of Attorney (SPA) (if applicable)

•  Loan Counseling Certificate (may be required for first-time borrowers)

•  Authorization to conduct credit and property investigation

•  Post-Dated Checks (PDCs) or salary deduction authorization (for monthly amortization)

🧾 6. AFTER LOAN APPROVAL

•  Signed Loan Agreement and Disclosure Statement

•  Fire Insurance Coverage (for house loan)

•  Mortgage Redemption Insurance (MRI) Enrollment

•  Loan takeout payment will be made by Pag-IBIG directly to your current lender

📌 REMINDERS

• Your loan must be current and in good standing with your bank/lender

• Refinancing is ideal if:

  • You're paying a high interest rate

  • You want a longer loan term

  • You want to consolidate debts tied to the property

PAG-IBIG HOUSING LOAN REFINANCING CHECKLIST