The government also plans to reduce the state guarantees for apartments older than 5 years from 50% to 40%, while, for homes built in the last five years or consolidated in the last 5 years, the state guarantees will remain at 50%.
Since the launch of the program back in 2009, the national guarantee fund granted around 203,783 guarantees for loans, totaling RON17.5 billion, until the end of November.
In January-November, 2016, Romania’s national guarantee fund for SMEs (FNGCIMM) granted 32,747 guarantees under the First Home program, totaling RON3.1 billion.