The age limit of private individuals who can take part in the governmental program “First House” was increased from 45 to 50, while the initial own contribution was cut from 10% to 5% of the house’s purchase price, IPN reports, quoting a Government decision approved on April 1.
Deputy Prime Minister Sergiu Pușcuța, Minister of Finance, said the persons who own a house, but this is small in size and they want to improve the living conditions by purchasing a larger house can also apply to the program. Also, the persons who raised home loans before the “First House” program was launched will get compensations.
A number of 4,205 persons with an average age of 31.2 years benefitted from mortgage as part of the governmental program “First House” that was launched in March 2018.
