The housing program of Pagibig has been divided into two (2) circulars; Circular 10 which is End-user Home Financing Program and Circular 12 which is Affordable Housing Program.
Both Circulars were effective last July 2, 2012.
Let us discuss the comparison of two (2) Circulars here:
INTEREST RATES:
Under Circular 10: End_user Home Financing Program
Under Circular 12: Affordable Housing Loan Program
Please note that there is a maximum income requirements for those who will avail the Affordable Housing Loan Program as you can see in the table above.
LOAN PURPOSE:
Under Circular 12: Affordable Housing Loan Program
MONTHLY AMORTIZATION:
Under Circular 10: End_user Home Financing Program
Under Circular 12: Affordable Housing Loan Program
You can see here that the interest rates difference is about 3.485% for the Affordable Housing Loan Program. A big savings on the part of buyer.
You can note here that the Borrower will have a 1.485% savings as compared when he is taking a loan under Regular Housing Loan.
Note: If you are looking for an affordable house and lot in sta maria bulacan, we recommend Las Palmas Subdivision in Bulacan for you. For details of the project, you can check here in the website and get our contact details above.
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