🔵 Offering a boost to residential construction, the first two mortgages were signed yesterday under a new state program “Affordable Mortgage at 7%.” The 20-year mortgages are reserved for apartments or house that are under six years old. The maximum value of the residence is $90,000, the maximum loan size is $71,500, the down payment is 15% and the fixed rate is 7%.
🔵 “We will work to ensure that housing loans at 7% are truly accessible to all in Ukraine,” President Zelenskiy vowed at the mortgage signing ceremony. Seven banks are participating in the program: PrivatBank, Oschadbank, Ukrgasbank, Globus Bank, OTP Bank, Megabank, Kredobank. This week, state-owned Oschadbank opens 12 Oschad Home mortgage centers in 10 regions.