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About the Housing Guarantee Programme

Individuals

A guarantee for a bank loan for purchase or construction of the housing for the families with children with regular income but not enough savings to make the first payment

  • The guarantee is granted to families with children (up to 23 years of age included), if the transaction amount for purchase and/or construction and repairs costs of the housing does not exceed EUR 200,000

  • Guarantee term is 10 years

  • Amount of guarantee is up to 10% from the principal amount of the loan, and not exceeding EUR 10,000, if there is one child in the family

  • Amount of guarantee is up to 15% from the principal amount of the loan, and not exceeding EUR 15,000, if there are two children in the family 

  • Amount of guarantee is up to 20% from the principal amount of the loan, and not exceeding EUR 20,000, if there are two children in the family

  • If the bank has issued one loan both for purchase of the housing and the repairs, guarantee shall be applicable to both purposes

  • If the property to be purchased consists of several separate parts, these should physically be together, and one loan agreement must be concluded for the purchase thereof

  • The aim of the guarantee is to provide state aid for purchase or construction of the housing for families with children, thus decreasing the amount of the first payment required for receipt of the mortgage loan

  • Programme is regulated by Cabinet Regulations No. 95 of 20.02.2018. "Regulations on State Aid for Purchase or Construction of Living Quarters"

  • As of March 1, guarantee for purchase of the housing may be received also by:

    • persons who have acquired the vocational secondary or higher education and do not exceed the age of 35 young specialists.
    • Guarantee amount for the young specialists is up to 20% of the loan amount; maximum guarantee amount is EUR 50,000. Detailed information on conditions for receipt of the guarantee is available at ALTUM website.

     

Contact banks for housing guarantee receiving

ALTUM partners

Contact our consultant for more information