The preparation stage of the annual assessment will start upon the expiry of the 15-day deadline from the publication in the Official Journal of the decision approved within Government’s weekly meeting of January 10, 2018. During the 15-day interval, financers participating in the First Home program can submit with FNGCIMM their requests for allocation of limits of the overall EUR2 billion ceiling earmarked for 2018, as well as the reports needed to carry out the annual assessment.
On January 10, 2018, Romania’s government approved the 2018 edition of the state-guaranteed First Home program for first time homebuyers with a total guarantee budget of RON2 billion. It also lowered the maximum interest margin to 2% from a previous 2.5%.