Government Housing Assistant Schemes
First Home Scheme
Launched in 2022, this shared equity scheme helps first-time buyers by providing up to 30% of the property's purchase price. This assistance reduces the amount needed for a deposit and mortgage.
The scheme is available for new homes and certain second-hand homes, with eligibility criteria based on income and property price
limits.
Help to Buy Scheme
​This scheme offers a tax rebate to first-time buyers of new homes, assisting with the deposit. The amount varies based on the income tax and Deposit Interest Retention Tax (DIRT) paid over the previous four years, up to a maximum of €30,000. The scheme applies to properties costing €500,000 or less.
Local Authority Home Loan
A government-backed mortgage for first-time buyers who cannot secure a loan from a bank. It offers competitive interest rates and is available for properties up to a certain value, depending on the location. The scheme is for the purchase of new or second-hand residential properties and for self-builds.
It's important to note that some schemes, like the Help to Buy Scheme, have specific deadlines and may be subject to change. Additionally, the availability and terms of these programs can vary, so it's advisable to consult with a financial advisor or mortgage broker to understand the best options for your situation.