Most home buyers look for houses and properties that can be financed thru Pag-ibig for 2 simple reasons: Lower interest rates and longer payment terms. A house financed thru Pag-ibig can be payable up to 30 years.
There are several subdivisions that accept Pag-ibig financing in Davao. Most of these subdivisions are low cost and middle class housing projects. Some high-end subdivisions accept Pag-ibig financing too but is rarely chosen by home buyers looking for more expensive types of houses. Those who wish to avail a housing loan in Pag-ibig are usually looking for affordable house and lot packages in the “low-cost subdivisions” category. Here’s a list of subdivisions under Pag-ibig Fund in Davao – Davao subdivisions that accept Pag-ibig financing as a mode of payment.
Some Subdivisions Under Pag-ibig Fund in Davao
Grace Park Subdivision – nearest low cost housing to downtown Davao, just in Matina Pangi that offers 5 affordable house and lot packages.
Bambu Estate Subdivision – another quality project of Kisan Lu Lands located in Mintal, Davao City that offers affordable bungalow and 2-storey houses for construction.
Chula Vista Residences – is a middle class subdivision conveniently located in Cabantian, Buhangin, Davao City that offers affordable bungalow type and 2-storey house and lot packages.
Santiago Villas – a subdivision in Catalunan Grande, Davao City that offers affordable bungalow type and 2-storey houses for sale and construction. 2 lots left as of December 2010.
Villa Alevida – a low cost subdivision project of Urban East, Developments, Inc. that offers low cost house and lot packages. Located in Indangan, Cabantian.
Villa Kareena – a low cost housing project of Kisan Lu Lands. Located in Baliok, Talomo, Davao City.
Villa Monte Maria – currently offering lots for sale (as of December 2010). House and lot packages will be offered soon. Located in Catalunan Grande, Davao City.
Villa Senorita – a low cost to middle class Davao housing project conveniently located in Maa, Davao City.
Elenita Heights – one of the biggest low cost subdivisions in Davao City. Phases 1 and 2 in this subdivision are already full (all houses taken). Located in upper Catalunan Grande. Announcements will be made on this website once Phase 3 opens for reservation in 2011. Subscribe for updates by typing your e-mail ad to the right side of this page.
South Villa Heights – located in Catalunan Grande as well. As of December 2010, only one house and lot package is left. SOLD OUT.
DECA Homes Esperanza – low cost housing project in Tigatto Davao City. Socialized housing (all houses look the same).
DECA Homes Resort Residences – another subdivision under Pag-ibig fund. Low cost housing located in Mintal, Davao City (socialized housing as well).
More subdivisions under Pag-ibig Fund to come! Contact us for updates.
For more info about low cost houses in Davao or if you wish to avail a house and lot package that can be financed thru Pag-ibig, feel free to contact us 🙂