Following the reassignment of a RON500 million guarantee budget initially destined for the purchase of ANL homes, the program has a budget of RON710 million available for the rest of the year.
Based on current demand, the national guarantee fund for SMEs, which guarantees mortgage loans under this program, estimates the program will have sufficient funds for all applications to be approved by the end of the year.
The guarantee fund expects a spike in demand following the reassignment of funding.
FNGCIMM granted around 17,400 guarantees under the First Home program this year, for loans totaling around RON2.8 billion.
Banks in the First Home program are BCR, BRD – Groupe Societe Generale, Raiffeisen Bank, Banca Romanească, Alpha Bank, Millennium, Banca Transilvania, CEC Bank, Bancpost, Piraeus Bank, Intesa Sanpaolo Romania, UniCredit Tiriac Bank, Credit Agricole Bank, Bank Leumi Romania, ING Bank, Marfin Bank.