In January-August 2020, over 5,300 people bought housing units through the program previously called the First Home.
The main novelty of the new program is the possibility of buying a more expensive home and the increase in the amount that can be borrowed to EUR119,000. The necessary minimum downpayment is 5% to 15%, depending on the type of the respective home.
The New Home program allows the purchase of old and new builds if the acquisition value does not exceed EUR70,000 (equivalent in lei). The maximum financing value must be EUR66,500 (equivalent in lei) and the necessary minimum downpayment is 5%.
New builds can be bought if the acquisition value is equal or higher than EUR70,001 (equivalent in lei): the maximum financing for these housing units must be EUR119,000 (equivalent in lei) and the necessary minimum downpayment is 15%.