St. Brigid’s Credit Union accepts applications for home loans, which are defined as a loan made to a member secured by a first legal charge on the property in respect of which the loan is to be provided, for the purpose of enabling the member to:
(a) Have a house constructed on the property as their principal residence.
(b) Improve or renovate a house on the property that is already used as their principal residence
(c) Buy a house that is already constructed on the property for use as their principal residence.
(d) Refinance a loan previously provided for one of the purposes specified in (a), (b) or (c) for the same purpose.
- Maximum Loan Amount €150,000
- Maximum Term is 35 years
- Maximum LTV: 75%
- Maximum loan limit of 3.5 times gross annual income per Central Bank regulations
- Interest Rate Applied: 4.5%
The credit union will assess all loan application on a case by case basis to ensure affordability and lend prudently in compliance with Central Bank regulations on residential mortgage lending.