🏡 What is an HDMF (Pag-IBIG) Housing Loan and How to Apply for One

Gabriel Mikael
Apr 15
2 min read

If you're planning to build or buy your dream home in the Philippines, you’ve probably heard of Pag-IBIG or the HDMF Housing Loan. But what exactly is it — and how do you apply?

Let’s break it down simply and clearly for you.

💡 What is the HDMF Housing Loan?

The HDMF (Home Development Mutual Fund), more commonly known as Pag-IBIG Fund, is a government-run savings program that helps Filipinos afford homes through affordable, long-term housing loans.

The Pag-IBIG Housing Loan allows qualified members to borrow up to ₱6 million to:

Purchase a residential house and lot, townhouse, or condominium
Construct or improve a house on a lot you own
Refinance an existing housing loan

✅ Who Can Apply?

You can apply if you meet the following basic qualifications:

Pag-IBIG Member for at least 24 months (with at least 24 monthly contributions)
Under 65 years old at the time of application and not older than 70 at loan maturity
Legally capable to acquire property
Has no outstanding Pag-IBIG housing loan or foreclosed/cancelled loan
Has sufficient income to repay the loan

📝 How to Apply for a Pag-IBIG Housing Loan

Here’s a step-by-step guide to help you through the process:

🔹 Step 1: Prepare Your Requirements

Common documents include:

Housing Loan Application Form
Valid government-issued ID
Proof of income (e.g., payslips, COE, ITR, or business permit for self-employed)
Transfer Certificate of Title (TCT) or lot documents (if building)
Building plan, bill of materials, and permits (for house construction)

🔹 Step 2: Submit Your Application

Go to your nearest Pag-IBIG Fund office or apply online via the Virtual Pag-IBIG Portal
Submit all required documents
Pay the processing fee (usually ₱1,000)

🔹 Step 3: Wait for Loan Approval

Pag-IBIG will evaluate your documents and conduct credit/background checks
If approved, they’ll issue a Notice of Approval (NOA) and Loan Disclosure Statement

🔹 Step 4: Sign the Loan Documents

You’ll sign the loan agreement and provide any additional documents
After signing, you’ll receive the proceeds via check or direct payment to your seller/developer

🔹 Step 5: Start Repayment

Monthly amortization will begin based on your selected terms (up to 30 years)
Payments can be made through salary deduction, over-the-counter, or online banking channels

💰 How Much Can You Borrow?

Pag-IBIG members can borrow up to ₱6 million, depending on:

Your capacity to pay (income)
The property’s appraised value
The loan purpose and collateral

Interest rates are as low as 6.25% per annum (as of 2025) for loans under the Affordable Housing Program.

🏡 Bonus Tip for Homebuilders

If you're planning to build your dream home using WallPro Panels, you can use the Pag-IBIG loan to fund the construction, especially if you already own a lot.

WallPro can even assist you by:

Providing a detailed bill of materials (BOQ)
Recommending licensed contractors
Helping you match your timeline with loan release schedules

📩 Ready to Build Your Dream Home?

Let Pag-IBIG help with financing, and let WallPro help with smart, durable construction solutions .DM us “PAG-IBIG” or email info@wallpro.ph to get a free consultation on your home project today!