Home Ownership Made Easier: Housing Programs for Government Employees and OFWs

Homeownership is a significant achievement for any Filipino. It assures people that they’ll always have a roof over their heads, no matter what happens. Others may see homeownership as a form of investment. After all, the value of houses and lots tend to appreciate over time. However, some Pinoys may find it challenging to save up the money to afford a home. This is where housing programs come in.

Housing programs help people, mainly government employees and overseas Filipino workers (OFWs), afford a home by offering affordable properties subsidized by the government or private organizations. Some initiatives also provide low-interest housing loans. 

Here’s an overview of the different housing programs available for government workers and OFWs:

Pag-IBIG Fund Programs

The Pag-IBIG Fund is a government-owned company that provides easily-accessible savings accounts and loans for Filipinos. With the low interest rates and longer repayment periods offered by the government agency, most people choose Pag-IBIG when funding their dream home. 

Pag-IBIG Home Loans

The standard Pag-IBIG Housing Loan lets members borrow up to PhP 6M for their home purchase, construction, or improvement. 

Who’s Qualified for This Program?

The Pag-IBIG Housing Loan is open to all OFWs and government employees. The applicant must be no more than 65 years old at the time of application. They should also be an active Pag-IBIG member with at least 24 months worth of savings. If you have previous loans with the agency, your payments must be updated.

What Are the Benefits?

Borrowers enjoy fixed interest, no matter how long their payment term is. Pag-IBIG also keeps its rates competitive, so members can expect consistently affordable monthly payments. 

What Are the Requirements?

Applicants must complete two housing loan application forms: HQP-HLF-068 and HQP-HLF-069. They should also attach their most recent ID photo. Other requirements include:

  • Proof of income
    • Locally Employed – Certificate of Employment and Compensation (CEC), latest income tax return, or one month’s payslip.
    • OFW – Employment contract, CEC, or income tax return with the host country.
  • One back-to-back photocopy of a valid ID

Pag-IBIG Affordable Housing Program 

The Pag-IBIG Affordable Housing Program (AHP) is designed specifically to accommodate the housing needs of minimum-wage and low-income earners. The monthly payments, for instance, can be as low as P2,445.30 a month, with terms stretching to as long as 30 years.

Who’s Qualified for This Program?

Minimum wage earners whose monthly income does not go over PhP 17,000 are eligible for the Affordable Housing Program.

What Are the Benefits?

Qualified members can borrow up to PhP 750,000 with interest rates of 4.5% or 6.5% on the first decade of the loan. The rate depends on the borrower’s monthly salary. Pag-IBIG members can use this loan to buy a residential house and lot, townhouse, or condo, or construct a house on land they own.

What’s great is that government workers covered by the Social Security System (SSS) and Government Service Insurance System (GSIS) have mandatory Pag-IBIG membership. OFWs can also apply for membership. However, they have to register personally at the Members Services Office (MSO) branch. 

What Are the Requirements?

All applicants must complete a housing loan application with a recent ID photo and provide a valid ID. For proof of income, borrowers must bring any of the following:

  • Government employees – CEC, latest income tax return, or one payslip within three months of their loan application. 
  • OFWs – Employment contract, CEC, or income tax return filed with their host country. 

National Housing Authority Programs

The government created the National Housing Authority (NHA) in 1975 to develop and enact comprehensive and inclusive housing programs for marginalized, homeless, and low-income families. It plans to address more than 20% of the country’s housing needs by 2025. Its notable initiatives include the Government Employees Housing Program (GEHP) and the OFW Housing Program.

GEHP

The GEHP aims to provide affordable yet quality housing for all government workers.

Who’s Qualified for This Program?

All government employees can apply for the GEHP, including uniformed personnel of the Armed Forces of the Philippines (AFP), the Philippine Coast Guard, and the Bureau of Fire Protection (BFP).

What Are the Benefits?

Workers eligible for the GEHP can choose between a pre-built duplex or condo unit. The duplex-type home costs around PhP 1.6M to PhP 2.1M. On the other hand, a condominium ranges from PhP 2.2M to PhP 3M. These units are located in different cities and municipalities in the Philippines. 

Applicants pay for the homes through in-house financing with government financing institutions like Pag-IBIG or straight cash. A down payment isn’t required, so people only have to worry about large upfront costs. Those who do choose to settle the down payment can enjoy reduced monthly fees.

What Are the Requirements?

All qualified applicants must download, accomplish, and notarize the application form posted on the NHA – GEHP Facebook page or website before heading to their NHA regional office. Other requirements include: 

  • Proof of income – Applicants can provide either an ECE or a BIR-certified income tax return.
  • Proof of identity – Single applicants should present a government-issued ID and birth certificate for, while married applicants must also provide a marriage certificate. On the other hand, separated participants should provide an affidavit of separation-in-fact. 
  • Certificate of Active Service

Tahanan ng Bagong Bayani (TBB) for OFWs

OFWs can enjoy similar perks as GEHP homeowners with the Tahanan ng Bagong Bayani (TBB) program. This initiative was enacted in a February 2022 memo by the NHA and Department of Labor and Employment. 

Who’s Qualified for This Program?

All OFWs are qualified to apply for this initiative.

What Are the Benefits?

OFWs have the opportunity to buy the same affordable housing units that the GEHP provides. They can also pay for the homes through in-house financing. 

What are the Requirements?

All OFWs applying for TBB should complete the standard GEHP application form and get it notarized before visiting their NHA office. The applicants should have the following requirements, as well:

  • Overseas Employment Certificate
  • Proof of Income – Applicants can submit an ECE or income tax return from their host country.
  • Proof of identity and civil status – OFWs should provide a birth certificate and a government-issued ID. If you’re married, you must present a marriage certificate. On the other hand, applicants separated from their former spouse must provide an affidavit of separation-in-fact.

For some Filipinos, buying a house may seem like a distant dream. It can be challenging to save with the rising costs of essential goods and services. Fortunately, government agencies make homeownership more accessible for government workers and OFWs through housing programs from Pag-IBIG and NHA. With the right payment plan, government workers and OFWs of all income brackets can own property. 

Find the Right Home for Your Budget on Lamudi

Whether you’re planning on buying an affordable townhome or a luxurious stand-alone house, you’re sure to find the right one on Lamudi. We offer a wide range of house and lot listings at various price points. Use our price filters to find the right property for your budget. 

Start your property search on Lamudi today.

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