SSS Housing Loan for OFW

I received some questions on how an OFW can avail of SSS Housing Loan Program. Their usual questions are: who are qualified to borrow, what are the requirements and how much is the loanable amount.

Based on SSS, if you’re a certified OFW and your age is not older than 65, has been contributing for 12 months straight and has not been previously granted any other SSS benefits, you are qualified for an SSS housing loan. You can avail of either a socialized housing loan of P300,000, or a low-cost housing loan ranging from P500,000 to P1,000,000. The loan is payable in multiples of 5 to 30 years and, depending on the loan amount, the interest rate can range from 9% to 14% per annum.

These are some of the SSS Housing Loans a member can avail given he or she has complete requirements and is eligible:

  • Housing Development Loan
  • Apartment and Dormitory
  • Housing Loan for OFWs
  • Housing Loan for Workers Organization Members
  • Housing Loan for Repairs and Improvement
  • Individual Housing
  • Assumption of Mortgage
  • Direct Housing Development Plan
  • Pari-passu
  • Corporate Housing Program

What are the required documents for the loan?
The following documents should be submitted upon application:

  • Mortgagor’s Application for Housing Loan with 1” x 1” ID pictures of Principal Applicant and Spouse (Original).
  • Certificate of Loan Eligibility (Original) – (P100 Service Fee).
  • Certification from POEA, DOLE, OWWA, SSS Foreign Representative Office or Philippine Embassy/Consular Office (Original).
  • Latest Contract of Employment (Photocopy).
  • Contract to Sell with statement of latest balance (Original).
  • Owner’s copy of the Original/Transfer Certificate of Title (Photocopy).
  • Latest Property Tax Declaration and Realty Tax receipt (Photocopy).
  • Lot Plan with vicinity map duly signed and sealed by Registered Surveyor or Geodetic Engineer (Blue Print).
  • Building plans/specifications/picture of the house (Blue Print).
  • Confirmation of Completion and Appraisal from Home Guaranty Corporation located at Jade Bldg., 335 Sen. Gil Puyat Avenue, Makati City with tel. no. 895-90-11 (Original).
  • A set of twelve (12) postdated checks covering twelve (12) monthly installments and shall be repeated every 12 months thereafter until the loan is fully paid.
  • Certificate of Acceptance and Occupancy duly signed by the borrower if house is 100% complete at the time of loan filing (original).
  • Special Power of Attorney (if filing is thru a representative) (original).
  • Certified True Copy of the Original Transfer Certificate Title issued by the Registry of Deeds.


  • Present original and submit one (1) photocopy for authentication purposes.
  • Applicant must be up-to-date in all existing loan accounts with SSS subject to verification by SSS-Real Estate Department.
  • SSS reserves the right to require additional documents if deemed necessary.
  • Application Fee – ½ of 1% of loan amount or P500 whichever is higher, for both socialized and low-cost housing.
  • Inspection Fee – P500 for both within and outside Metro Manila.

Where should the member file his application?

  • To the nearest SSS office or foreign representative office or the Real Estate Department, 5/F, SSS Bldg., East Avenue, Quezon City).

How can an OFW repay his/her loan amortization?

  • Issuance of a minimum of twelve (12) post-dated checks which shall be repeated every year thereafter until said loan shall be fully settled. Subject arrangement is incorporated in the mortgage contract entered into by the SSS and the borrower.
  • Thru accredited collecting banks with overseas branches/offices.
  • Thru the SSS Branch Tellering System

List of Collecting Banks with Overseas Branches/Offices

  1. Allied Bank
  2. Asia United Bank
  3. Asiatrust Development Bank
  4. Bank of Commerce
  5. BPI
  6. Chinabank
  7. Development Bank of the Philippines
  8. East West Bank
  9. Equitable PCI Bank
  10. Export and Industry Bank
  11. International Exchange Bank
  12. Land Bank of the Philippines
  13. LBC
  14. Metrobank
  15. Philippine National Bank
  16. Rizal Commercial Banking Corporation
  17. Security Bank
  18. UCPB

For more information contact the SSS Real Estate Department in Quezon City with telephone number 920-64-01 locals 5121 to 5128 or at the SSS office nearest you.

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