Credit Union Mortgages

Great value mortgages

Interest calculated on reducing loan balance

Over €46 million

Borrowed by members last year


Mortgage rates from 3.75%

Simple mortgage process

Fair & transparent lending

Credit Union Mortgages

A Credit Union Mortgage can help you make the leap from tenant to homeowner. We have home Mortgages for first-time buyers, those looking to upsize, and Mortgage Switchers at very competitive interest rates. We also finance self-build mortgages with rates starting from 3.95%. So, when you’re ready to take those first steps toward your first home, or it’s time to move to your next, we will be ready to help.

Apply for a Mortgage today and our qualified mortgage advisors will be happy to talk to you. You can also work out an affordable repayment plan with our handy Irish Mortgage Calculator below. Check out our great value home insurancemortgage protection, and life insurance from some of the biggest global insurance companies.

With a Croí Laighean Credit Union mortgage, you buy your home and we build your community.

Why choose a Credit Union mortgage

  • Mortgage rates from 3.75%
  • Borrow up to €650,000
  • No loan to value (LTV) rate penalties - the same rate irrespective of your LTV
  • A fair mortgage decision that is based on your ability to repay, not what the computer says!
  • Decisions made at a local level, not an international HQ
  • Interest calculated on the outstanding balance of the loan
  • We don’t sell our mortgages to vulture funds
  • The interest you pay is invested in your local community

Lets talk about your mortgage

You don't need to be a member to discuss a mortgage with us!

    Are you a member of Croí Laighean Credit Union?

    If No, do you live, work or study in our Common Bond?

    infoPlease note, Croí Laighean Credit Union can only finance residential mortgages. Buy to let and commercial mortgages are not available

    Mortgage calculator

    Mortgage Type
    Decrement Amount
    Increment Amount
    Decrement Term Increment Term
    • Weekly Total interest
    • Fortnightly Total interest
    • Monthly Total interest
    APRC means Annual Percentage Rate of Charge. The repayment amount quoted is for illustrative purposes only, and to provide you with an overview of the potential cost of borrowing. This not an offer of a loan and restrictions may apply. If you choose to avail of a Croí Laighean Credit Union mortgage with a fixed rate and fixed term, the repayments displayed above are based on the loan moving to a variable rate that’s the same as the fixed rate once the fixed rate term ends. Please note, rates are subject to change after the fixed term ends, or if you are on a variable rate mortgage.


    A personal approach to mortgages

    Our Credit Union mortgage applications will be assessed by one of our experienced lenders. We don’t rely on algorithms and all mortgage applications are thoroughly assessed, and this allows us to make recommendations or offer advice to help you secure your mortgage.

    We also look at your repayment ability with a common sense approach. For example, if you are paying rent, and you’re looking to buy a property to reside in, we would view your rental costs as repayment ability, not an expense because common sense dictates that you won’t be paying rent when you buy your home!

    Mortgages calculated on reducing loan balance

    Our mortgage payments are calculated on a reducing rate of interest. This means the amount of interest to be paid is calculated against the outstanding balance, rather than the original principal amount. This differs from a flat rate of interest where the interest remains the same for the duration of the loan, as it is always calculated against the original amount borrowed (principal). Paying interest on a reducing mortgage balance is fairer, and it’s far more cost-effective for our members because you’re only paying interest on what you currently owe, not what you originally borrowed.


    Frequently Asked Questions


    How do you get a mortgage from the Credit Union?

    Simply fill out a mortgage application form and one of our experienced advisors will contact you to discuss your application.

    What makes Croí Laighean Credit Union Mortgage Rates stand out?

    Our mortgage rates start from as low as 3.75%, ensuring that you get a great deal on your home financing. You can borrow up to €650,000 and unlike many other lenders, we do not impose penalties based on your loan-to-value ratio. Our Mortgage Rates stand out for their competitiveness, flexibility, fairness, community impact, and ethical approach to lending.

    Do you offer self-build mortgages?

    Yes! We are delighted to assist self-builders and we have some very competitive rates starting from 3.95%. If you have been gifted a site, we will consider that as the deposit, or part of it. If you’re embarking on a self-build, read our blog post which offers excellent advice for those building their own homes.

    Is it better to get a mortgage from the Credit Union?

    Naturally, we say yes, but here are the facts. As we are a not-for-profit, we distribute our profits to the local community. We do this through our sponsorship initiatives, community fund, bursary, and various other programmes. This means that you are directly contributing to the development of the local community, where you have purchased your home.

    All mortgage applications are assessed by an experienced lender – not an algorithm. This means that we can offer advice to help you secure your mortgage. We also use a lot of common sense when assessing mortgage applications and we only charge interest on what you owe, not what you originally borrowed.

    Do I need to be a member to apply for a Credit Union Mortgage?

    You don’t need to be a member to discuss a mortgage application. If you plan on proceeding with the mortgage, you must join Croí Laighean Credit Union – don’t worry, it’s really simple and it can be done in a branch, or online.

    Once I join, how long must I be a member before I can get a mortgage?

    You can get a mortgage immediately. You don’t need to be a member for a certain length of time as our decisions are based on your repayment ability, not how long you have been a member.

    How much can someone borrow?

    You can borrow between €50,000 and €650,000, depending on your repayment ability. Use our Irish mortgage calculator above and adjust the sum and term to suit your repayment ability.

    How long does the credit union take to approve a mortgage?

    Mortgages are complex and it’s hard to determine a timeline as there are many moving parts, especially when there is a property chain involved. We will always work with our members to assist them in securing their mortgages in a timely manner.

    Do you offer buy-to-let mortgages?

    We only offer mortgages for a primary principal residence, so, unfortunately, we do not offer buy-to-let mortgages or commercial mortgages.

    Do you offer Mortgage Protection?

    We work with Peopl insurance and offer mortgage protection underwritten by Royal London and Irish Life. Our Life Insurance packages are some of the best you’ll find, and we offer one of the longest terms available and one of the highest life cover terms – you’ll be hard-pressed to find a cheaper price. Click here to find out more >

    Click here to see our full list of mortgage FAQs


    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. If you are experiencing difficulty repaying your loan, or believe you may in the future, please click here.

    Call us on freephone 1800 23 24 25 to book a face to face mortgage consultation today!

    Why choose a Croí Laighean Credit Union Mortgage?

    When you get a mortgage from us, you are not only getting a great rate and a fair decision, but you are directly contributing to the development of your local community.

    As a not-for-profit, Croí Laighean Credit Union uses the money earned from your mortgage interest to invest in local clubs, groups, and organisations. Your interest payments directly help to fund the local amenities that will ensure the prosperity of your local community, and that is why is motto is ‘ you buy your home, and we build your community.’

    We care about our members and we always have their best interests at heart. The Credit Union is Ireland’s most trusted organisation, winning the CX Customer Experience Award for 8 years in a row, and that is another great reason to choose a Croí Laighean Credit Union for your mortgage.

    If you are looking to buy your first home, looking to upsize or just looking to switch your mortgage to a better rate, contact us today to discuss your mortgage.

    Repayment Example:

    A switcher mortgage of €250,000 over a 30-year term would cost €1,158 per month at a variable rate of 3.75% (APR 3.81%). The cost of credit is €166,804 and the total amount repayable is €416,804.

    While every care has been taken in the production of this web page, the Credit Union, or any of its staff, cannot be held responsible for any omissions, errors, or other mistakes on the site. Our Irish Mortgage calculator is for illustrative purposes only and to give you, the borrower, an overview of the potential cost of borrowing.

    Loan amounts and 99% approval rate is based on figures from 2020. Mortgage rates are correct as of 10/07/2023 and are subject to change. Croí Laighean Credit Union is regulated by the Central Bank of Ireland.

    Frequently Asked Questions