SSS Member Housing Loans For OFW


SSS housing loan is created for ofw members who are active to avail this socialized and low-cost loan program. OFW -SSS Member Housing Loan is in conjunction of the government program to support the Pabahay sa Bagong Siglo Program.

Purpose of the housing loan

1.Construction of a new house or dwelling unit on a lot owned by the applicant free from lien/encumbrances

2. Purchase of a lot and construction thereon of a new house or dwelling unit;

3.Purchase of an existing residential unit which may be a house and lot, a condominium unit or a townhouse; 

4. Purchase of an existing residential unit foreclosed by SSS, GSIS, HDMF (Pag-Ibig), HGC and other GFIs.


1.     A certified overseas Filipino worker;
2.     An active SSS member and has paid at least twelve (12) months continuous contributions or at least twenty- 
       four (24) months total contributions;
3.     Not more than sixty-five (65) years old;
4.    Not previously granted a housing loan by SSS, refund of contributions, retirement or total permanent disability benefit; and
5.     Up-to-date in the payment of all SSS contributions and other loan amortizations.

One of the spouses may still qualify for another loan if the other obtained the loan, prior to date of marriage and is not delinquent.

P1,000,000.00 is the highest amount to be granted or whichever is the lowest of the amount applied for, the amount justified by the paying capacity, the loan value of the collaterals as determined by the SSS.

Socialized Housing    P 300,000.00
Low-Cost-Housing   P500,000.00-to- P 1,000,000.00

Term of the housing loan

OFW -SSS Member Housing Loan is payable in multiples of five (5) up to a maximum of thirty (30) years but not to exceed the economic life of the building and the difference between the age of the borrower and 70, whichever is shorter.

Up to P300,000.00 – 9% p.a. fixed for the term of the loan.
Over P300,000.00 up to P500,000.00 – 13% p.a.
Over P500,000.00 up to P1,000,000.00– 14% p.a.

Housing Loan Collateral

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

For more details on this housing loan opportunity, please contact your neasest SSS Foreign Offices or Local Offices in the Philippines to give you enough information and help you process this housing loan.


Please click the SSS OFFICES to lead you to the right address.

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