How to Apply For SSS OFW Housing Loan

As discussed on Application and Procedures for SSS OFW Loan Benefits Requirements SSS offers OFW Housing Loan with a maximum loanable amount of 2 million pesos with lower interest rates and flexible terms compared to major banks.

Here are the step-by-step guide on how to apply for SSS OFW Housing Loan:

SSS OFW Housing Loan Requirements

Direct Housing Loan Facility for OFWs is a program and facility designed to support the Government’s shelter program. It aims to provide socialized and low-cost housing to overseas Filipino contract workers.

According to SSS you are eligible and qualified for the OFW Housing Loan if you meet the following requirements: members is a certified Overseas Filipino Worker; Member is a voluntary OFW member of SSS; Member has at least 36 months contribution and 24 continuous contributions in the period prior to application; Member is not more than 60 years old at the time of application and must be insurable (member age 60 years at time of application will have a maximum loan-term of 5 years); Member was not previously granted an SSS housing loan; Member has not been granted final SSS benefits; Borrower and spouse is updated in the payment of their other SSS loan(s), if any.

If the loan is not delinquent and the loan of existing borrower was obtained prior to the date of marriage, the spouse of an existing borrower may still qualify for an SSS housing loan.

Purpose of the Housing Loan

To be able to apply for this type of loan, know the following certain purpose for an OFW allowed by SSS:

  • Construction of a new house or dwelling unit on a lot owned by the applicant free from lien or encumbrances
  • Purchase of a lot and construction thereon of a new house or dwelling unit
  • Purchase of an existing residential unit which may be a house and lot, a condominium unit or a townhouse.

SpecialNote to Interested Applicant:

Upon purchase of the unit, the property subject of the loan must be occupied by the owner-borrower or his/her immediate family member.

SSS OFW Housing Loan Application Procedures

Gather all your documents required for the loan listed below and file your SSS OFW Housing loan application at the nearest SSS branch or at the Housing and Business Loans Department (5/f SSS Building, East Avenue, Diliman Quezon City):

  • Original copy of the following:
  • Mortgagor’s Application for Housing Loan with 1×1 ID pictures of Principal Applicant and house
  • Certificate from POEA/DOLE/OWWA/SSS Foreign Representative Office or Philippine Embassy/Consular Office
  • Deed of Sale or Contract to Sell with statement of latest balance for purchase of lot or house and lot
  • Appraisal Report from Home Guaranty Corporation accredited appraisal companies
  • Certificate of Acceptance and Occupancy duly signed by the borrower if house is 100% complete at the time of loan filing
  • Duly notarized Special Power of Attorney (if filling is through a representative)
  • Original and Photocopy of the following:
  • Latest Contract of Employment and latest Employer’s Certification duly authenticated by Phil. Consulate
  • Owner’s copy of the TCT/OCT/CCT
  • Certified true copy of TCT/OCT/CCT issued by the Register of Deeds
  • Latest Property Tax Declaration and Realty Tax Receipt


  • Present original and submit one (1) photocopy of required documents for authentication purposes
  • Applicant and spouse must be up-to-date in the payment of all existing loan accounts with SSS subject to verification by the SSS
  • SSS reserves the right to require additional documents if deemed necessary
  • Application Fee – ½ of 1% of loan amount or P500 whichever is higher but not to exceed P3,000.00 to be deducted from the first loan release.
  •  Inspection Fee – P500 for both within and outside Metro Manila

SSS OFW Loanable Amount, Terms and Conditions

Loanable Amount

2 Million pesos is the maximum loanable amount. The loan amount granted shall be the lowest amount based on the following factors:

  • Appraised value of collateral of at least 70% but not to exceed 90%
  • Borrower’s capacity to pay
  • Actual need of the borrower based on the contract to sell/scope of work and bill of materials evaluated by the SSS

HOUSING LOAN TYPE                             AMOUNT OF LOAN

Socialized Housing Loan                            Up to P450,000

Low-cost Housing Loan                              Over P450,000 up to 1M

Over 1M up to 1.5M

Over 1.5M up to 2M

For a single loan up to the combined maximum individual availment for the loanable amount secured by the same collateral, a maximum of three qualified SSS members may be tacked-in, provided they are related within the 1st civil degree of consanguinity or affinity.

Term of the Loan

The loan is payable in multiples of five (5) years up to a maximum of fifteen (15) years. However, the loan term shall be subject to the following:

  • The principal borrower’s age shall not exceed 65 years old at the time of loan maturity; and
  • The loan term shall not exceed the economic life of the building as determined by the SSS appraiser.

‘The collateral for the loan is the Transfer Certificate Title/Original Certificate of Title/ Condominium Certificate of Title (TCT/OCT/CCT) issued by the Registry of Deeds in the name of the principal borrower free from liens and encumbrances.

The loan shall be secured by a first Real Estate Mortgage (REM) on the house and lot to be financed. The REM shall be annotated on the member borrowers TCT/OCT/CCT and shall be registered with the appropriate Registry of Deeds. The loan shall also be covered by an HGC guaranty.

In case the purpose of the loan is the purchase of residential condominium unit prior to actual construction (pre-selling), other residential property acceptable to SSS shall be submitted as collateral to secure the loan.’

These are not acceptable as collateral:

  • Land type other than residential
  • Less than 15 sq. meters floor area, in case of condominium units
  • Less than 32 sq. meters lot area
  • Road right of way is less than 1.5 meters
  • Free/Homestead/Miscellaneous Sales Patent Titles

Insurance Coverage

  • Mortgage Redemption Insurance
  • Fire Insurance
  • Home Guaranty Corporation Coverage

Borrower shall shoulder the insurance premiums.

Manners of Payment (List of Overseas Payment Centers (For OFWs)

  • PNB electronic overseas bills payment
  • i-Remit online branches
  • Ventaja online outlets
  • WDS-Lucky Money online branches
  • Metrobank online branches & subsidiaries
  • BDO Remit Services
  • RCBC Telepay Service
  • BOC Remittance tie-ups
  • AUB Ginto Hatid Express
  • Bancnet online payments (
  • Branches or remittance tie-ups of accredited collecting banks

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