First House project - afford families new house, officially published
foto: Guardian
Good news for young families who want to buy a house/apartment easier. The Government Decision on the "First House" program was already published in the Official Gazette.
The state will provide a mortgage loan guarantee and will pay a portion of the property loan costs.
According to the document, the purchased houses can not exceed one million lei. The term credits can reach up to 25 years and the beneficiaries must first pay at least 10% of property's value.
The eligible are all Moldovans aged up to 45 years old and officially employed.
However, they must not have another real estate or mortgage loan, and the monthly wage must be twice as much as the monthly paid amount. The interest rate is assumed 10%.
The state will provide a mortgage loan guarantee and will pay a portion of the property loan costs.
According to the document, the purchased houses can not exceed one million lei. The term credits can reach up to 25 years and the beneficiaries must first pay at least 10% of property's value.
The eligible are all Moldovans aged up to 45 years old and officially employed.
However, they must not have another real estate or mortgage loan, and the monthly wage must be twice as much as the monthly paid amount. The interest rate is assumed 10%.