Local Authority Home Loan

This is a government backed mortgage available for the purchase of new or second-hand properties or self-builds to be occupied by the mortgage holder. The Local Authority Home Loan can also be used for the purchase of homes through state schemes such as tenant purchase schemes or affordable housing schemes. 

The Local Authority Home Loan is open to first-time buyers and ‘fresh start’ applicants (people who are divorced or separated and have no interest in the family home, or who have undergone personal insolvency or bankruptcy arrangement or proceedings or other legal process).

You must prove that you have received insufficient offers of finance from two financial institutions. 

Other eligibility criteria apply – see LocalAuthorityHomeLoan.ie for more information. 

You can borrow up to 90% of the market value of the property.

Maximum market values of the property that can be purchased or self-built are:

• €360,000 – Dun Laoghaire-Rathdown, South Dublin, Dublin City, Fingal, Wicklow, Kildare
• €330,000 – Galway City, Cork City, Louth, Meath, Galway County, Cork County
• €300,000 – Limerick, Waterford, Clare, Wexford, Westmeath, Kilkenny
• €275,000 – Offaly, Laois, Monaghan, Cavan, Donegal, Tipperary, Kerry, Mayo, Roscommon, Sligo, Leitrim, Longford, Carlow

To apply, you must complete and submit to your local authority a Local Authority Home Loan Application form and provide supporting documentation. 

For full information see LocalAuthorityHomeLoan.ie.