The Pag-IBIG Pambansang Pabahay Para sa Pilipino Housing (4PH) Program is a government initiative designed to provide affordable housing for low-income Filipinos. Administered by the Department of Human Settlements and Urban Development (DHSUD) in collaboration with local government units (LGUs), this program offers subsidized housing units and lower interest rates. By becoming a member of the Pag-IBIG Fund, Filipinos can access these benefits and secure their dream homes.
Understanding how to qualify and apply for the 4PH Program is important for those seeking affordable housing. This guide provides a comprehensive overview of the steps, requirements, and benefits of the program, making the application process straightforward for potential beneficiaries.
4PH vs. Regular Pag-IBIG Housing Loan Programs
Unlike the Pag-IBIG Regular Housing Loan Program which allows members to purchase properties from private developers, the 4PH Program focuses on government-led housing initiatives. Some of the key differences between the two housing programs offered by Pag-IBIG Fund include::
- Affordability: 4PH offers lower interest rates and subsidies.
- Eligibility: 4PH requires LGU nomination, while the regular loan program is open to all active Pag-IBIG members.
- Focus: 4PH prioritizes low-income groups and first-time homeowners.
Note: Both programs offer flexible terms, but 4PH is designed specifically for marginalized sectors.
Program Details, Features, and Benefits
4PH Program Details
Here are some of the Program specific that you need to know:
- Loan Amount: The maximum loan amount depends on the following factors:
- Applicant’s actual housing needs.
- Desired loan amount.
- Payment capacity.
- Appraised value of the property.
- Loan Term: Applicants can choose a repayment period of up to 30 years, provided it does not exceed their 70th birthday.
- Interest Rates: Interest rates are reduced due to subsidies from DHSUD. For instance, a loan with a 6.25% interest rate may only cost 1.25% after a 5% subsidy. Here are some examples of subsidized rates:
- 3-Year Fixing Period: Regular interest rate is 6.25%, with a 5.00% DHSUD subsidy, resulting in a borrower’s rate of 1.25%.
- 10-Year Fixing Period: Regular interest rate is 7.13%, with a 5.00% DHSUD subsidy, resulting in a borrower’s rate of 2.13%.
- 30-Year Fixing Period: Regular interest rate is 9.75%, with a 5.00% DHSUD subsidy, resulting in a borrower’s rate of 4.75%.
Note: These subsidies make monthly payments significantly more affordable.
Features
Key features of the program include:
- Subsidized Housing Units: Reduced prices and monthly payments through government support.
- Interest Subsidy: Lower interest rates compared to regular housing loans.
- Amortization Subsidy: Additional financial aid from LGUs for eligible applicants.
- Convenient Locations: Housing projects are strategically placed near essential services.
Through this program, Pag-IBIG members can access more affordable homeownership opportunities.
Benefits
The 4PH Program also offers several advantages for qualified beneficiaries:
- Affordable Homeownership: Subsidized prices and lower monthly payments.
- Government Support: Additional financial aid from LGUs and DHSUD.
- Modern Amenities: Housing units with essential facilities near schools, hospitals, and workplaces.
- Convenient Payment Options: Multiple payment channels, including online systems and salary deductions.
These benefits make the program an attractive option for families seeking affordable housing solutions.
Target Beneficiaries
The 4PH program is designed to provide affordable housing to low-income and vulnerable groups in the Philippines.
- Informal settler families (ISFs)
- Low-income households
- Disaster-affected families
- Victims of displacement due to government projects
- Workers in both formal and informal sectors
- Indigenous peoples (IPs)
- Persons with disabilities (PWDs)
- Senior citizens
How to Qualify for the Program
Applicants must at least meet the following qualifications to be eligible for the program:
- Pag-IBIG Membership: Must be an active member with at least 24 months of savings. New members can pay a lump sum equivalent to 24 months’ contributions.
- Nomination by LGU or DHSUD: Beneficiaries are prioritized based on local housing boards. Overseas Filipino Workers (OFWs) need a nomination from the Department of Migrant Workers (DMW).
- Income Classification: Should belong to the low-income group as defined by DHSUD.
- Legal Age and Capacity: Must not exceed 65 years old at loan application and 70 years old by loan maturity.
- No Outstanding Obligations: No unpaid Pag-IBIG loans or foreclosed properties.
- Background and Credit Checks: Must pass employment and credit evaluations.
First-time homeowners are prioritized, but non-first-time owners can apply without the interest subsidy.
Required Documents
Applicants need to prepare the following documents:
- Housing Loan Application Form: Two copies, completely filled out.
- Proof of Income: Depending on employment type:
- For Locally Employed: Certificate of Employment and Compensation (CEC), latest Income Tax Return (ITR), and recent payslips.
- For Self-Employed Individuals: ITR, audited financial statements, and business permits.
- For OFWs: Employment contracts, valid working visas, and bank remittance records.
- Valid Identification: At least one government-issued ID with a photo and signature.
- Updated Real Estate Tax Receipts.
- Health Statement Forms: Depending on age and loan amount.
Note: Applicants must also submit any additional documents required by their LGUs or DHSUD.
Steps to Apply for the Pag-IBIG 4PH Program
To apply, applicants only need to follow these steps:
Step 1: Register with your LGU
Visit your local government office to express interest and check available 4PH housing projects in your area.
Step 2: Complete Pre-Qualification Requirements
Work with your LGU to fulfill their pre-qualification assessment. LGUs will evaluate and nominate beneficiaries to DHSUD based on eligibility.
Step 3: Submit a Pag-IBIG Housing Loan Application
Once pre-qualified, prepare your Pag-IBIG Housing Loan application with the required documents. The LGU will forward the list of qualified applicants to the Pag-IBIG Fund.
Step 4: Approval and Payment
After approval, beneficiaries can begin paying monthly amortizations through salary deductions, post-dated checks, auto-debit arrangements, or online platforms like Virtual Pag-IBIG.
Where to Secure the Application Form
Application forms for the 4PH program can be obtained from either the local Pag-IBIG branch or at the nearest DHSUD office. These forms are also available online at the Pag-IBIG Fund website, accessible via these links: (HQP-HLF-1035) and (HQP-HLF-1036). These are typically provided free of charge to ensure accessibility for all eligible applicants. Processing times may vary depending on the completeness of the requirements but generally take a few weeks to complete.
Video: How to Avail of the 4PH Program Benefits
The 4PH Program is a comprehensive initiative designed to make homeownership accessible for low-income Filipinos. Through the collaboration between the LGUs, DHSUD, and other agencies like Pag-IBIG Fund, this program provides subsidized housing units, lower interest rates, and convenient payment options. If you are an interested applicant and you think you qualify for the program, then you should watch this video from DHSUDgovph to learn more about the program’s benefits, eligibility, and application process, and get started with your dream of owning a home.