More Filipino workers will have access to quality homes at more affordable prices as Pag-IBIG Fund expands its housing partnerships under President Ferdinand R. Marcos Jr.’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program, with Filinvest Land Inc. joining its network of partner developers.
The partnership opens select Filinvest residential projects to Pag-IBIG Housing Loan financing and allows qualified members to access preferential pricing and other benefits, widening the housing choices available to Pag-IBIG members.
Department of Human Settlements and Urban Development Secretary and Pag-IBIG Fund Board of Trustees Chairperson Jose Ramon P. Aliling said stronger private-sector participation builds on the gains of the Expanded 4PH Program.
“By working more closely with the private sector and bringing more of the country’s leading developers into this shared effort, we can open even more opportunities for our people,” Aliling said. “Filipino workers will have more housing choices supported by affordable financing and better opportunities to own a home.”
Aliling witnessed Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta and Filinvest Land President and CEO Tristan Las Marias sign a memorandum of understanding formalizing the partnership in Quezon City.
Under the agreement, qualified Pag-IBIG Housing Loan borrowers may enjoy preferential pricing on select units in participating Pag-IBIG-accredited Filinvest projects.
Homebuyers may also benefit from Pag-IBIG Fund’s increased housing loan limit of up to P10 million, a subsidized 3% annual interest rate for qualified socialized housing borrowers under Expanded 4PH, and promotional rates of 4.5% per annum for loans up to P4.9 million and 5.75% for loans above P4.9 million up to P10 million.
“Our partnership with Pag-IBIG Fund allows us to help more Filipino families move closer to owning a home by giving qualified buyers access to financing options and incentives across select Filinvest Land developments,” Las Marias said.
The partnership will also bring housing opportunities and Pag-IBIG services closer to prospective buyers through home-matching activities, housing fairs, property exhibits and information campaigns.
Acosta said the collaboration combines affordable financing with a broader selection of quality homes.
“With Filinvest Land as our partner, we can bring together affordable Pag-IBIG financing and quality homes at better prices for our members,” she said. “By working together, we can give our members more choices and more practical means to take that next step toward owning a home.”
The Filinvest Land agreement follows recent Pag-IBIG partnerships with SM Development Corp. and Ayala Land residential brands Avida Land and Amaia Land, further expanding private-sector participation in the Expanded 4PH Program.
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