Pag-IBIG Fund is offering a special subsidized interest rate of three percent per annum for the first five years of housing loans under the Expanded Pambansang Pabahay para sa Pilipino (Expanded 4PH) program.

The initiative was announced over the weekend as part of ongoing efforts to make homeownership more accessible to low and middle-income Filipinos and overseas Filipino workers (OFWs).

Eligible members, including those in the lowest income segments up to the seventh income decile, as well as all OFWs regardless of income, may avail of the subsidized rate for the purchase of socialized housing units.

These include house-and-lot packages, condominium units, and Pag-IBIG Acquired Assets.

“We are pleased to report that Pag-IBIG Fund has once again stepped forward in its commitment to help more Filipinos secure dignified homes,” said Department of Human Settlements and Urban Development Secretary Jose Ramon P. Aliling, who also chairs the Pag-IBIG Fund Board of Trustees.

“This is our solid commitment to President Marcos’ vision of providing decent shelter through a sustainable housing program under the Bagong Pilipinas banner,” he added.

Aliling also cited the private sector participation, with developers pledging over 250,000 socialized housing units under the Expanded 4PH nationwide.

Under the program, first-time homebuyers earning below P47,856 a month in Metro Manila and below P34,686 outside the NCR may access the 3-percent interest rate for the first five years of their housing loan.

Loans may be used for homes priced up to P850,000 for house-and-lot units and up to P1.8 million for condominium units. Pag-IBIG Acquired Assets within the same price range also qualify. DT

The program includes an option for an additional P100,000 in financing for home improvements, and offers full loan-to-value coverage with no required cash equity.

Pag-IBIG Fund CEO Marilene C. Acosta noted that the agency’s strong financial performance allows it to offer low interest rates without relying on external borrowing.

“Our robust financial position allows us to extend this special subsidized rate,” Acosta said. “This initiative significantly advances our goal of making Pag-IBIG Fund even more impactful in the lives of Filipino workers.”