{"id":124060,"date":"2015-11-20T00:00:00","date_gmt":"2015-11-19T22:00:00","guid":{"rendered":"https:\/\/rhn.ro\/goodbye-first-home\/"},"modified":"2026-03-28T20:56:29","modified_gmt":"2026-03-28T18:56:29","slug":"goodbye-first-home","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/goodbye-first-home\/","title":{"rendered":"Goodbye First Home"},"content":{"rendered":"<div>The &#8220;First Home&#8221; program, through which the state guarantees half of the credit accessed for purchasing a home, with a modest down payment of only 5% and interest rate capping, has reached the end of the road. Launched in 2009, the program facilitated the granting of state-guaranteed real estate loans for numerous young families and prevented the collapse of the residential market &#8211; and implicitly the prices of homes pledged to banks for real estate loans &#8211; in the post-crisis period.<\/div>\n<div><\/div>\n<div>Sources from the Ministry of Finance said that, most likely, the First Home program will no longer be extended in 2016, the reason being that it &#8220;already distorts the market.&#8221;<\/div>\n<div><\/div>\n<div>The First Home program came to represent, by the middle of this year, approximately 20% of population loans and 51% of real estate loans. In 2014 and the first half of 2015, approximately 60% of new real estate loans granted by banks were First Home loans.<\/div>\n<div><\/div>\n<p>Source: <a href=\"http:\/\/www.imobiliare.net\" data-wplink-url-error=\"true\">Imobiliare.Net<\/a><\/p>\n<h3>Frequently Asked Questions<\/h3>\n<p><strong>What was the First Home program?<\/strong><\/p>\n<p>Launched in 2009, it was a state-guaranteed loan scheme requiring only a 5% down payment to help young families buy their first property.<\/p>\n<p><strong>Why is the First Home program being discontinued?<\/strong><\/p>\n<p>Sources from the Ministry of Finance indicate the program will not be extended in 2016 because it has begun to distort the real estate market.<\/p>\n<p><strong>What was the program&#8217;s market share?<\/strong><\/p>\n<p>By mid-2015, the program accounted for approximately 51% of all real estate loans and 60% of new mortgages granted by banks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The &#8220;First Home&#8221; program, through which the state guarantees half of the credit accessed for purchasing a home, with a modest down payment of only 5% and interest rate capping, has reached the end of the road. Launched in 2009, the program facilitated the granting of state-guaranteed real estate loans for numerous young families and&hellip;<\/p>\n","protected":false},"author":0,"featured_media":65748,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2857],"tags":[],"thb-sponsors":[],"class_list":["post-124060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transactions"],"article_style_override":"","post-style":"","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/tranzactii-2.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/124060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=124060"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/124060\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/65748"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=124060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=124060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=124060"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=124060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}