Pag-IBIG: P30.22B in home loans released in Q1 2025
The Home Development Mutual Fund or Pag-IBIG Fund said Thursday it has released P30.22 billion in home loans in the first quarter of 2025.
In a news release, Pag-IBIG said the amount was 8% higher or over P2 billion more than the P28.09 billion in housing loans disbursed during the same period in 2024.
Loan releases in the January to March period also helped finance 20,315 Pag-IBIG members' acquisition of their own homes.
"The strong performance of Pag-IBIG Fund in the first quarter underscores its continued commitment to providing affordable housing opportunities for Filipino families," said Department of Human Settlements and Urban Development Secretary Jose Rizalino Acuzar, who chairs the 11-member Pag-IBIG Fund Board of Trustees.
"As we sustain progress in home financing alongside the growing momentum of the Pambansang Pabahay para sa Pilipino (4PH) Program, we heed President Ferdinand R. Marcos Jr.'s call to uplift the lives of our fellow Filipinos by ensuring access to dignified shelter," said Acuzar.
Pag-IBIG Fund CEO Marilene C. Acosta, meanwhile, also highlighted Pag-IBIG's vital support for the government's flagship 4PH Program—through which the agency provides financing to developers, contractors and local government units to build housing projects, as well as to individual buyers of 4PH units.
In the first quarter alone, the agency said it released P987.91 million under the program, benefiting 669 members and their families who now own homes.
"We are grateful to our members and stakeholders for their continued trust and support in our programs," said Acosta.
"Our performance in the home loan front demonstrates not only our financial strength, but also our unwavering commitment to make homeownership more accessible for Filipino workers. Pag-IBIG Fund remains focused on providing affordable and reliable housing programs that help build stable and dignified lives for our members," added the Pag-IBIG chief. — VDV, GMA Integrated News
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