The State guarantee scheme applies to credit agreements for the purchase of own and permanent residence (excluding credit agreements for the construction or renovation of own and permanent residence and property financial leasing agreements).

These credit agreements must fulfil all of the following conditions:

• the purpose of the loan must be the purchase of the borrowers’ first own and permanent residence;
• the property's transaction value (i.e. the purchase price or, if lower, the appraisal value at the time the new agreement is entered into) cannot exceed €450,000.00; 
• the agreement must be secured by a mortgage;
• the agreement must be concluded by 31 December 2026.

If these conditions are met, the scheme also applies to credit agreements (i) where the credit is granted by an employer to their employees as a benefit linked to their employment, free of interest or with an annual percentage rate of charge (APRC) lower than those prevailing on the market and not offered to the general public; and (ii) concluded under the framework for granting subsidised housing credit for the disabled, approved by Law No 64/2014 of 26 August 2014.