The New House program is the most popular and handy way for many young people who want to own for the first time. This government program facilitates the search for interested young families, through mortgage loans characterized by convenient interest rates and a small down payment.
New House comes as an updated form of the First House Program, a program that has existed since 2009.
“The Romanian Government has approved the guarantee ceiling of the Noua Casa Program, 2021 edition, worth 1.5 billion lei, and by Order no. .441 of 24.03.2021, the Ministry of Finance decreased the administration commission from 0.40% to a level of 0.30% of the guarantee balance. ”, According to a Digi 24 press release.
There are 3 conditions that individuals must meet in order to benefit from this program: 1. to meet the quality of borrower in relation to the financier; 2. to resort to this program for a single dwelling, which is located on the territory of our country and which is registered in the Land Book, thus fulfilling all the legal conditions; 3. When requesting a loan, the person must declare on his / her own responsibility what properties he / she owns and how they were acquired.
According to the guide provided by the National Guarantee Fund, the maximum value of the loan provided is 66,500 euros for homes with a maximum price of 70,000 euros - with a minimum advance of 5%. If the houses cost between 70,000 and 140,000 euros, the minimum advance is 15%, and the bank will credit a maximum of 119,000 euros.
How can you apply to the program?
In order to apply for this program, you must have a stable monthly income, and its value is discussed depending on the amount you need and the bank you turn to in this endeavor. People with the minimum wage in the economy can also qualify for an apartment through the New House, but the amount provided will be less than the maximum ceiling of that type of housing.
The file of each candidate goes through a verification stage, made by several internal departments. In the next stage, when the changes are made and the bank returns the file to the National Credit Guarantee Fund for Small and Medium Enterprises using the application, the process of verifying the file is resumed.
In such situations, the whole process of approvals from the related departments and the final approval may be delayed, and the analysis of the file will be completely redone. In other words, if the access file is correct and completed with all the information, the approval process is shorter.
In the portfolio of the
New Concept Living agency which is suitable for this type of credit, with different compartments and in different areas of the city, but especially this
studio for sale, which enjoys a spacious balcony, suitable for the period we are in, located in Selimbar.
Buyers can also view this
2-room apartment for sale, furnished and equipped, on Calea Cisnadiei, an area in full expansion.
Instead of conclusion
The whole process is an extensive one and all buyers who resort to this way of buying a home must accept and understand that it can take more days than expected until they receive the money. However, the owners who want to sell understand that it is a complete, complex process with many analyzes and they agree with the waiting time.
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