SSS Philippines

The SSS has devised a simple set of rules for the SSS OFW housing loan. first you have to know is that the Philippine Social Security System allows up to 3 SSS members to combine in filing for a single loan.

How to Avail of SSS OFW Housing Loan

Now, since you already knew about that, let us discuss in simple terms for those who are interested to avail of this privilege by overseas Filipino workers. Here is a short guide on how collaterals work.

1. The loan shall be secured by a first Real Estate Mortgage on the house and lot to be financed.
2. The REM shall be annotated on the member-buyer’s TCT and shall be registered with the appropriate Registry of Deeds.
3. It shall also be covered by an HGC guaranty.

For more information regarding this matter, please refer to the part 2 of the SSS OFW housing loan program webpage in SSS here – http://www.sss.gov.ph/sss/index2.jsp?secid=104&cat=3&pg=null

This entry was posted on Tuesday, October 6th, 2009 at 2:15 PM and is filed under Loan Inquiry. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.