Press releases

At its meeting on 26 July 2017, the Cabinet of Ministers endorsed the concept of the “First Home” State Programme. The document aims to make it easier for individuals, in particular young families, to access mortgages by partially guaranteeing them by the State. Guarantees on behalf of the State will be issued by the Organisation for the Development of Sector Development of Small and Medium Enterprises (ODIMM), according to a Communiqué of the Government’s Directorate for Communication and Protocol.

The programme will be able to buy apartments and housing houses in the territory of the Republic of Moldova which have been completed and operational data until the application is submitted. Their price must not exceed one million lei and the initial rate paid by the beneficiary is 10 % of the price.

The loan will be extended by commercial banks for a maximum of 25 years in lei Moldovan. Its interest rate will be composed of the weighted average interest rate on deposits with a deadline of 6 to 12 months, as communicated by the National Bank of Moldova, a margin of up to 3 % and a guarantee fee of 0.5 % annually of the outstanding amount of the State guarantee. The monthly payment paid by the beneficiary will not exceed 50 % of the official net earnings of the family and the State will guarantee 50 % of the credit.

Under the “First Home” programme, with state support, citizens of the Republic of Moldova will be able to purchase a first home, aged up to 45, who are employed in the labour force and have official income. The beneficiaries must also not own a dwelling or have unhindered mortgage loans.

The beneficiaries will not be able to dispose of the purchased dwelling for the first five years of their acquisition unless the debt is repaid in full. Subsequently – with the ODIMM agreement and the bank that granted the loan.