Silouette graphic representing Tipperary

First Homes

Applicant must draw down full mortgage approval. If there is a gap between the purchase price and the mortgage approval then the person may be eligible for the scheme. 

Applicant must draw down full mortgage approval. If there is a gap between the purchase price and the mortgage approval then the person may be eligible for the scheme. 

Equity of between 2.5% (or €10k) to 30% of the purchase price (or 20% if Help to Buy is used). 

Where deposit + mortgage = purchase price then not eligible.

Quick Guide to the Scheme

Applicant Type/Scheme available to the following
Applicant
Clawback

No charge on equity for first 5 years. After 5 years a service charge applies.

  1. 75% for year 6 - 15
  2. 15% for year 16 - 29
  3. 85% for year 30+

Simple interest per year so the amount does not compound.

Can be considered alongside
LA Homeloan
Help to buy Scheme
Income Threshold

No, but see "First Homes" tab for indicator of income bracket

Property Value

Less than €325,000

Tenure- do you need to live in the house after completion
Yes