Pag-IBIG Fund released P129.73 billion in home loans in 2024, helping 90,616 Filipino workers purchase or build their own homes, officials announced Wednesday, February 12.
“Pag-IBIG Fund has once again demonstrated its commitment to helping Filipino workers secure their own homes,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development and chairs the 11-member Pag-IBIG Fund Board of Trustees. “Our achievements in home financing this past year underscore our unwavering pledge to make homeownership accessible and affordable for our members. As we gain momentum with the Pambansang Pabahay para sa Pilipino (4PH) Program, we continue to heed President Marcos’s directive to provide stronger social protection and improve the lives of more Filipinos.”
The agency approved P20.17 billion in development loans to support construction of nearly 18,000 housing units under the 4PH Program, making homeownership more accessible to low-income earners.
“In 2024, one in every 10 homes financed through Pag-IBIG was a socialized housing unit, helping 9,082 minimum-wage earners secure a home of their own,” said Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta. “We also approved funding for the construction of 17,791 4PH housing units, which will provide more Pag-IBIG members the opportunity to own a home. These are significant steps toward ensuring that Filipino workers, especially those with modest incomes, have access to decent and affordable housing.”
The Housing Loan program allows members to build homes, purchase lots or ready-to-occupy units, refinance existing mortgages, or buy Pag-IBIG-acquired properties at discounted rates. Members can also purchase new homes through the 4PH Program with subsidized interest rates.
“We are devoted to enabling every Filipino worker to save and achieve their dream of homeownership,” Acosta said. “Our members can trust that we will continue to provide the benefits they deserve, so that more of our fellow Filipinos can build better lives for their families.”
