12/06/2025
๐๐ฏ๐๐ซ๐ฌ๐๐๐ฌ ๐
๐ข๐ฅ๐ข๐ฉ๐ข๐ง๐จ ๐๐จ๐ซ๐ค๐๐ซ๐ฌ (๐๐
๐๐ฌ) ๐๐ซ๐ ๐ญ๐ก๐ ๐ก๐๐ซ๐จ๐๐ฌ ๐จ๐ ๐ฆ๐จ๐๐๐ซ๐ง ๐ญ๐ข๐ฆ๐๐ฌ. ๐ช๐ต๐ญ
Giving hope not only to their loved ones but uplifting the countryโs economy as well. Enduring the yearning from being apart from their families to secure a better future for them. Some of the most common Filipino workersโ dreams are to pave a good future for their children through education and to own an affordable condominium units in the Philippines. To build a home with comfort and be at ease is a fulfilling reward after all the longing and missed moments to be with the people who truly matter.
Dreams are now within reach. Searching for the ideal property such as an affordable condo units and acquiring one was made more trouble-free than ever. At present, buying a home is convenient and hassle-free because housing companies accommodate acquisitions through housing loans and other flexible payment schemes while offering quality and affordable homes such as a Urban Deca Homes. Compared to acquiring the property in cash, there is no need to wait for years to have enough savings to own a house. In getting a housing loan, there is an option to pay it in installment basis at a low-interest rate and long repayment term. Most importantly, the borrower has an option to avail the maximum loanable amount up to millions. Thus, giving them financial freedom to choose from a great deal of housing options than paying upfront. Unlike in the past, applying for these loans was also made faster and easier. Here are some of the housing loans that an OFW can avail of here in the Philippines.
1. ๐๐๐ -๐๐๐๐ ๐๐จ๐ฎ๐ฌ๐ข๐ง๐ ๐๐จ๐๐ง
OFWs are given the opportunity to own affordable homes in the Philippines through Home Development Mutual Fund (HDMF) or also known as Pag-IBIG. Pag-IBIG housing loans for OFWs are tailored to the needs of our modern-day heroes. It allows borrowing of up to Php 6,000,000.00 with their lowest interest rates and longest repayment term, depending on the borrowerโs need and capacity to pay. The eligibility criteria for Pag-IBIG housing loans are posted on their website.
One advantage of the Pag-IBIG Housing loan is the convenience in paying the monthly amortization. The borrower can choose from any of the following modes of payment:
โข Salary deduction through Employer Collection Servicing Agreement (CSA)
โข Post-dated checks (PDC)
โข Payment to an accredited Developer with CSA with the Fund
โข Auto debit arrangement with banks
โข Accredited collection partners for both local remittances (Asia United Bank, SM Bills Pay, Metrobank, LandBank, Bayad Center, ECPay, Globe GCash, UCPB, MLhuillier, CashPinas, and PayMaya) and overseas remittance (I-remit, Ventaja PayRemit, PNB, AUB, and CashPinas).
Another advantage of this option is the repayment term of up to 30 years, whereas other financial institutions offer a loan term of 10 years. Repayment amount is spread through a longer period, thus making the amortization for each month more affordable.
