BY DEANNE MAE URBIZTONDO AND MARINA O. VILLEGAS/CMU Interns
THE HOME Mutual Development Fund (Pag-IBIG Fund) urged its members looking to purchase their own homes to avail of the promo rates under its socialized housing program.
In Davao Peace and Security Press Corp forum on June 24 at The Royal Mandaya Hotel, Grace Camaganacan, fund business development manager, said Pag-IBIG offers a 3% interest rate for the next five years for members belonging to the P34,600-or-below income.
The first 30,000 members nationwide who avail themselves of the Pambansang Pabahay Para sa Pilipino Program (4PH) will enjoy an extension of up to ten years at the same rate.
Members purchasing housing units above the socialized housing category are also offered a 4.5% interest rate for units worth 1.8 million to 4.9 million and a 6.25% interest rate for units worth P4.9 to P10 million for the next three years. Applications may be submitted until Dec 31, 2026.
Camaganacan said the 4PH program has expanded its horizontal housing projects in the Davao Region, including the Deca Homes Panabo development, which offers housing units valued at ₱950,000.
“This housing project aims to provide Filipino workers with safe, decent, and affordable homes,” Camaganacan said.
