Philippine Property Market: Pag-IBIG Profit Climbs, Housing Fair Offers 3% Loans
Strong fund earnings and new regional loan promos signal more options for Filipinos abroad
Written by PropVela Editorial TeamPublished 2 min read
For Filipinos abroad who save, borrow, or plan to buy property through Pag-IBIG Fund, this week brings encouraging financial news plus a reminder that affordable loan promos are being rolled out closer to home. Here's a quick look at what's happening.
Pag-IBIG profit tops P63 billion in first nine months
The Home Development Mutual Fund (Pag-IBIG Fund) reported a 23.51% jump in net profit to P63.226 billion over the first nine months of the year, attributing the gain to seasonal factors. By end-September, the fund had released P111.29 billion in housing loans and P88.64 billion in short-term loans, while its total assets reached P1.338 trillion as of end-August. For OFW members paying into or borrowing from Pag-IBIG, this financial strength underpins the fund's continued capacity to offer affordable housing loans. According to BusinessWorld Online, the results reflect steady fund performance heading into the final quarter.
Pag-IBIG income rises to P63 billion
A separate report confirms Pag-IBIG's net income rose by roughly 24% in the same nine-month period, even as demand for its MP2 voluntary savings program stayed strong despite rising living costs squeezing households. The fund is also expanding its roster of developer-partners under the Expanded Pambansang Pabahay para sa Pilipino program, now counting 500 partners. For OFWs considering a home purchase through Pag-IBIG financing, this growing developer network could mean more affordable housing choices down the line. According to Philippine Star, the fund's resilience and partner growth point to continued momentum in its housing programs.
Bicol housing fair opens with Pag-IBIG 3% loan offer
The Department of Human Settlements and Urban Development in Bicol (DHSUD-5) kicked off a two-day housing fair at Pacific Mall in Legazpi City, bringing government housing programs and financing options directly to the public. Pag-IBIG's 4PH program is offering a promotional 3% annual interest rate to qualified borrowers, while other housing loans carry promo rates of 4.5% for amounts between P1.8 million and P4.9 million, and 5.75% for loans up to P10 million. For OFWs from Bicol or similar regions eyeing a home purchase back home, these promotional rates and local fairs offer a timely, lower-cost entry point into Pag-IBIG financing. According to Philippine News Agency, the fair aims to make housing opportunities more accessible to the public.