QuestionsQuestions (CIRCULAR NO. 401)
To set guidelines on how to determine the loanable amount for the Pag-IBIG Fund Affordable Housing Program based on the Loan-to-Appraised Value (L/A V) ratio.
The loan amount to appraised value ratio shall not exceed the specified limits under the Circular.
100% LTV, meaning the loan amount may be up to the full appraised value (based on the Circular’s stated limit).
95% LTV.
It decreases from 100% (up to the Socialized Housing Limit) to 95% (over the Socialized Housing Limit up to P750,000).
It means the earlier provision (Item No. 4.3 of Pag-IBIG Fund Circular No. 379) is no longer effective or enforceable, while other consistent parts remain.
Item No. 4.3 of Pag-IBIG Fund Circular No. 379.
It repeals the Amended Guidelines on the Pag-IBIG Fund Affordable Housing Program to the extent covered by Item No. 4.3 being repealed.
They continue to be in full force and effect.
After fifteen (15) calendar days following completion of its publication in the Official Gazette or in a newspaper of general circulation.
Because the Circular’s effectivity is expressly conditioned on publication and the 15-day waiting period after publication.
It sets different LTV ratios depending on whether the loanable amount is up to the Socialized Housing Limit, or over that limit up to P750,000.
No more than 95% of the appraised value.
Maximum loan amount = 95% x appraised value (subject to the Circular’s stated loan band conditions).
Maximum loan amount = 100% x appraised value (again subject to the loan being within the ‘up to the Socialized Housing Limit’ bracket).
It states it was pursuant to approval of the Management Committee and is signed by ACMAD RIZALDY P. MOTI, Chief Executive Officer—indicating official issuance by Pag-IBIG’s authorized leadership.