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Saturday, January 8, 2011

SSS Members Housing Loans for OFW

For Overseas Filipino Workers

The following documents should be submitted upon application:
  • Mortgagor’s Application for Housing Loan with 1” x 1” ID pictures of Principal Applicant and Spouse (Original).
  • Certificate of Loan Eligibility (Original) – (P100 Service Fee).
  • Certification from POEA, DOLE, OWWA, SSS Foreign Representative Office or Philippine Embassy/Consular Office (Original).
  • Latest Contract of Employment (Photocopy).
  • Contract to Sell with statement of latest balance (Original).
  • Owner’s copy of the Original/Transfer Certificate of Title (Photocopy).
  • Latest Property Tax Declaration and Realty Tax receipt (Photocopy).
  • Lot Plan with vicinity map duly signed and sealed by Registered Surveyor or Geodetic Engineer (Blue Print).
  • Building plans/specifications/picture of the house (Blue Print).
  • Confirmation of Completion and Appraisal from Home Guaranty Corporation located at Jade Bldg., 335 Sen. Gil Puyat Avenue, Makati City with tel. no. 895-90-11 (Original).
  • A set of twelve (12) postdated checks covering twelve (12) monthly installments and shall be repeated every 12 months thereafter until the loan is fully paid.
  • Certificate of Acceptance and Occupancy duly signed by the borrower if house is 100% complete at the time of loan filing (original).
  • Special Power of Attorney (if filing is thru a representative) (original).
  • Certified True Copy of the Original Transfer Certificate Title issued by the Registry of Deeds.
  • Present original and submit one (1) photocopy for authentication purposes.
  • Applicant must be up-to-date in all existing loan accounts with SSS subject to verification by SSS-Real Estate Department.
  • SSS reserves the right to require additional documents if deemed necessary.
  • Application Fee – ½ of 1% of loan amount or P500 whichever is higher, for both socialized and low-cost housing.
  • Inspection Fee – P500 for both within and outside Metro Manila.


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