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Home Choice Loan

What is Home Choice Loan?

Home Choice Loan is a mortgage provided through a number of designated Local Authorities for First Time Buyers who cannot get sufficient finance from a bank or building society.

Home Choice Loan will provide up to 92% of the market value of a property purchased/erected. The maximum loan amount will be €285,000. The loan is a normal Capital and Interest bearing mortgage, which is repaid on a monthly basis.

The Mortgage term will be for a maximum of 30 years.
Home Choice Loans are available for the purchase of new or secondhand houses or for the construction of a new house.

Who can Apply?

To qualify for a Home Choice Loan applicants must:

  • Be a first time buyer (some exceptions may apply);
  • Earn more than €35,000 or €45,000 in the case of joint applications; 
  • Be in permanent employment for two years; if self-employed be able to submit two years certified accounts; 
  • Have proof of being unsuccessful in securing a sufficient mortgage from a bank or building society to buy a home.