Since the launch of the program in 2009, the national guarantee fund granted nearly EUR3.5 million in guarantees to 94,000 beneficiaries.
The average financing value throughout the duration of the program was EUR39,000 and 28% of guarantees were granted for the acquisition of homes built between 2008 and 2013. The default rate on these loans has remained low, at just 0.1%.
At the end of March, the guarantee fund announced the value of financing through the First Home Program had reached EUR3.18 billion and 87,000 beneficiaries.
Beneficiaries of the program are people who do not own a home or own one smaller than 50 sqm, acquired through other means than the government-backed program.