Am I eligible?

The Scheme is designed to help you bridge the gap between what you can afford to pay and the price of your new home. It is aimed at people who cannot afford to purchase a home at its full purchase price, based on their ability to receive a 90% mortgage from a financial institution (based on current macro prudential rules of 4 times your income). The minimum equity share your local authority can provide to help you "bridge the gap" is 5% of the full purchase price of the home. You will not be eligible if you require less than a 5% equity share - see example below.

Open market value

What you can afford to pay (purchasing power)

Affordability gap (€)Affordability gap (%)Eligible to apply for scheme?

In general, the maximum income limit for an affordable home is 85.5% of the open market value of the home divided by 4.

Open Market Value€395,000
85.5% of Open Market Value€337,725
Divided by 4€84,431 = Maximum income limit

There are some exceptions to this rule which can be viewed here.

Other eligibility criteria are:

  1. You are over 18 years of age.
  2. You are a First-Time buyer or qualify under the Fresh Start principle.
  3. Your purchasing power must not exceed 95% of the open market value of the home.
  4. You have a minimum deposit of 10% of the purchase price.
  5. You have a right to reside indefinitely in the State.
  6. The affordable home will be your principle place of residence.

Local authorities will assess your eligibility in accordance with regulations and their Scheme of Priority.

  1. Am I eligible?

  2. How do I apply?

  3. How much will I pay?

  4. What is the Equity Share?

  5. Eligibility Indicator

  6. Available Properties