Established in 1978, the Home Development Mutual Fund, commonly known as Pag-IBIG Fund, is a government-owned entity tasked with managing the national savings program and providing accessible housing financing options to its members. With a repayment period of up to 30 years, this program offers a more flexible alternative to traditional bank and in-house home financing arrangements.
Individuals can avail loans of up to ₱6 million for various purposes, including the purchase of residential lots (inclusive of title transfer costs), acquisition of residential properties like houses, townhouses, or condominium units (including title transfer expenses), home construction or improvement projects, refinancing existing home loans, or a combination of these purposes.
