How To Transfer Pag Ibig Housing Loan To Another Person?

It can be difficult to transfer your Pag Ibig housing loan from one person to another. This process is often complicated, but with the right guidance, you can make it happen.

In this blog post, we will explain the steps you need to take in order to successfully transfer your Pag Ibig housing loan.

how to transfer pag ibig housing loan to another person?

Transferring a Pag-IBIG housing loan to another person is possible, but it is subject to certain conditions and requirements, and there are specific steps that need to be followed. The process is called “assignment of loan” or “loan takeover”

Here are the general steps to transfer Pag-IBIG housing loan to another person:

  1. The new borrower, or the person taking over the loan, must first be approved by Pag-IBIG as a qualified borrower. This involves submitting the required documents such as proof of income and creditworthiness.
  2. The original borrower and the new borrower must jointly execute a Deed of Assignment of Loan and Mortgage, which will be submitted to Pag-IBIG for approval.
  3. Pag-IBIG will conduct an appraisal of the property to ensure that the outstanding loan balance does not exceed the current market value of the property.
  4. The new borrower will be required to pay Pag-IBIG an Assignment fee, and a takeover fee and to post a security deposit equal to at least 3 months’ amortization.
  5. After the approval of the Deed of Assignment of Loan and Mortgage and the payment of all the fees, the loan will be transferred to the new borrower’s name and the new borrower will assume all the responsibilities of the loan.

It’s important to check with Pag-IBIG Fund office for the specific requirements, fees and the process to follow for loan takeover.

Step 1: Submit an Application for Loan Balance Transfer

The first step in transferring your Pag Ibig housing loan is submitting an application for a loan balance transfer. You must include all of the documents required by Pag Ibig in your application, such as proof of identity, proof of address, and proof of income.

You must also submit a copy of the original contract that was signed when you applied for the loan. Additionally, you must provide a letter from the current borrower stating their intention to transfer ownership of the loan.

Step 2: Complete a New Loan Agreement

Once you have submitted your application for a loan balance transfer, you will need to complete a new loan agreement with the new borrower.

This agreement should include information about both parties involved in the transaction and should state that the original borrower is transferring ownership of their Pag Ibig housing loan to another party. Once this agreement has been completed and signed by both parties, it needs to be submitted back to Pag Ibig along with all other necessary documents.

Step 3: Wait For Approval From Pag Ibig

After submitting all necessary documents, you will need to wait for approval from Pag Ibig before officially transferring ownership of your housing loan. During this time, they may request additional information or documentation before making a decision on your application.

Once they have approved your application, they will inform both parties involved and officially start the process of transferring ownership of your housing loan.


Transferring ownership of your Pag Ibig housing loan can be challenging but it is possible with some patience and persistence! As long as you are organized and follow all necessary steps outlined above, you should be able to complete this process without any issues.

Make sure that all paperwork is filled out completely and accurately so that there are no delays or complications during this process. Good luck!


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