Top 7 Perks of Owning a Home in Isabela through Pag-IBIG Financing

The top 7 advantages of availing a house and lot through Pag-IBIG Financing in Isabela, Philippines:

1. Lower Interest Rates

• Pag-IBIG offers lower interest rates compared to private banks, especially for loans under the Affordable Housing Program. This makes the monthly amortizations more manageable for many borrowers.

2. Longer Repayment Terms

• Pag-IBIG allows repayment terms of up to 30 years, enabling borrowers to spread out the payments over a longer period. This reduces the monthly amortization, making homeownership more affordable.

3. Minimum Salary Requirement

• Pag-IBIG offers housing loans even to those with low income, as long as they are active members. This inclusivity helps more people, including those in Isabela, to access home financing.

4. High Loan Amount

• Pag-IBIG offers loans of up to ₱6 million, which is sufficient for purchasing a house and lot in many areas of Isabela. This allows members to buy or build their dream home without needing to supplement with other financing.

5. Reduced Downpayment Requirements

• Pag-IBIG often requires a lower downpayment compared to private banks, sometimes as low as 10% of the property’s value. This reduces the upfront cash needed to secure a house and lot.

6. Flexible Payment Options

• Pag-IBIG offers flexible payment methods, including salary deduction, over-the-counter payments, and online payment facilities. This flexibility ensures that borrowers can easily keep up with their monthly amortizations.

7. Accessible to OFWs

• Overseas Filipino Workers (OFWs) who are Pag-IBIG members can also avail of the financing, which is beneficial for those who want to invest in real estate in their home province, Isabela, while working abroad.

These advantages make Pag-IBIG Financing a popular choice for many Filipinos, including those in Isabela, who are looking to buy a house and lot.