MORTGAGE LOANS

CREDIT UNION MORTGAGE

Ballinasloe Credit Union Mortgage Loans

Are you ready to embark on an exhilarating journey towards your dream home? Whether you’re a first-time buyer or on the move, the thrill of buying a new house is electrifying! From envisioning your ideal location to discovering the perfect property, designing your dream space, and managing your finances, the adventure awaits!

Ballinasloe Credit Union is here to ignite your excitement and provide you with a mortgage plan tailor-made just for you. Say goodbye to the stress and hello to endless possibilities!

With a mortgage from Ballinasloe Credit Union, get ready to unlock a world of benefits that will leave you breathless. Imagine the joy of calling your own house a home, a sanctuary where cherished memories are created.

A mortgage from Ballinasloe Credit Union provides many benefits.

  • All lending decisions are taken at the local level, in the best interest of the Credit Union members.
  • We are committed to providing a personalised service to all our members.
  • There are no hidden fees or charges on our Credit Union mortgage loans.

Features of our Credit Union Mortgage Loans

  • Our CU Home mortgage has a competitive variable interest rate of 4.25% (4.33% APR).

  • You must be a member of Ballinasloe Credit Union before submitting a mortgage application.
  • You must have a demonstrated repayment capacity through savings history, recently cleared lending facilities or rent payment history.
  • At least one applicant must be permanently employed and have passed the required probation period, or be self-employed for a minimum of 3 years.
  • The mortgage is for Principal Private Residence (Family Home) only; we do not provide mortgages for investment/rental properties.

  • With Ballinasloe Credit Union, The minimum mortgage amount is €50,000, and the maximum is €300,000. Terms & Conditions apply.

  • The maximum mortgage term is 30 years. However, the mortgage term cannot exceed a member’s 70th Birthday.

  • The maximum LTV ratio is 90% for first-time buyers and non-first-time buyers (Trading Up/Down, Switcher Mortgage). Therefore you will need a minimum of 10% of your mortgage amount as a deposit. Members must also have enough funds to cover Stamp Duty & Solicitor’s Fees.

  • Underwriting is determined by assessing the ability to repay & previous credit history.
  • Mortgage Protection life assurance will be required.

Ballinasloe Credit Union Mortgage Loan Calculator

Mortgage Loans

4.25% (4.33% APR)

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Loans are subject to approval. Terms and Conditions apply.

Figures quoted are indicative, actual repayments may vary.

WARNING: If you do not meet the repayments on your loan, your account will go into arrears.

This may affect your credit rating which may limit your ability to access credit in the future.