Program beneficiaries will be allowed to buy a new home under the program if they sell the first home, finish paying off the loan on that home, the targeted home is larger and has a bigger value than the first.
Finance Minister said in January the government was looking to extend the First Home program too include more beneficiaries.
The program was introduced in 2009 and the guarantee fund granted over 132,500 guarantees by the end of January 2015, totaling EUR2.58 billion. The default rate on the program was 0.2%.