Pag-IBIG home loans post record P118B

We are happy to report that Pag-IBIG Fund has once again set a new record-high in-home loan releases in 2022

Pag-IBIG Fund released a record P117.85 billion in home loans to finance the housing units of 105,212 members in 2022, the agency announced 18 January.

For 2022, the amount of home loans released by the agency increased by 21 percent or P20.57 billion compared to the P97.28 billion released in 2021. With this amount, Pag-IBIG financed the acquisition and construction of 105,212 homes for its members or an increase of 11 percent from the 94,533 homes financed in 2021.

“We are happy to report that Pag-IBIG Fund has once again set a new record-high in-home loan releases in 2022. This is very good news because as the amount of home loans we release increases, so does the number of Filipinos who now have homes of their own.

Pag-IBIG Fund’s performance is a testament to our united and unwavering efforts to resolve the country’s housing backlog, in line with the objective of President Ferdinand “Bongbong” Marcos Jr. under the Pambansang Pabahay Para sa Pilipino Program,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees.

105K homes get financing

Pag-IBIG Fund Chief

Executive Officer Marilene Acosta, meanwhile, noted that the 105,212 housing units financed in 2022 is also a record-high and marks the first time that the agency has financed more than 100,000 housing units in a single year.

This is very good news because as the amount of home loans we release increases, so does the number of Filipinos who now have homes of their own.

She further stated that out of the total housing units financed by the agency last year, 18,657 or 18 percent were socialized housing units which are now owned by members from the minimumwage and low-income sectors.

“We at Pag-IBIG Fund have always strived to provide our members — the Filipino workers, the means to have their own homes through affordable shelter financing. That is why we take great pride in achieving a recordhigh number of housing units financed in 2022 because it means that we have empowered even more Filipinos in gaining their own homes. And, as we embark on yet another year, our members can continue to rely on Pag-IBIG Fund to provide them the most affordable home loan in the market, so that they too can achieve their dream of homeownership. That is the Lingkod Pag-IBIG pledge,” Acosta added.