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Home loan releases of Pag-IBIG Fund reached P88.30 billion in the first three quarters of 2023 as demand remains strong, agency officials said.
“Pag-IBIG Fund remains at the forefront in home financing as it accounts for nearly 40 percent of the total home mortgages in the country. This shows that it continues to fulfill its mandate, not only by providing affordable home financing to Filipino workers, but also by effectively stimulating the housing industry. These are all in line with the call of President Ferdinand Marcos, Jr.
“Our home loan releases amounting to P88.30 billion in the last nine months alone have already surpassed the annual releases since Pag-IBIG Fund’s inception up to 2019. And, by the end of the year, we are optimistic that our home loan releases may even reach P130 billion,” she said.
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