Home Choice Loan is a mortgage for First Time Buyers and is provided by a number of local authorities.
First time buyers can apply for a Home Choice Loan to purchase a new or second hand property or build their own home.
Home Choice Loan can provide up to 92% of the market value of a property purchased. The maximum loan amount is €285,000.
The loan is a normal Capital and interest bearing mortgage which is repaid on a monthly basis. Home Choice Loan offers one variable interest rate. The rate is currently set at 3.70% variable. APR 3.76% .
The mortgage term will be for a maximum of 30 years.