The First Home Scheme is a government backed initiative designed to help first time buyers and eligible applicants bridge the gap between their mortgage, deposit, and the price of a new home. It is available across Ireland and can make purchasing a newly built home more achievable.
The scheme provides a shared equity support. This means the government and participating banks can cover a portion of the purchase price in exchange for taking a percentage stake in your home. You own and live in the property as normal, and you can buy back the equity share at any time.
You may be eligible if:
Full eligibility criteria are available on the official First Home Scheme website.
The scheme can provide up to 30% of the property price, or 20% if you are also using the Help to Buy scheme.
The exact amount depends on:
Key Features
Applications are made directly through the First Home Scheme portal. You can learn more and start your application here:
Estimate your monthly repayments with our mortgage calculator.
