Find out about our CU Home Mortgage

Looking for a place of your own? We’ll CU Home!

Introducing our CU Home Mortgage product to our valued members.

Why Borrow from Monaghan Credit Union?

Monaghan credit union is owned by its members, the people who save with it and borrow from it

All lending decisions are taken at local level, in the best interest of the members of the credit union

We excel in the customer service we offer to members

There are no hidden fees or charges on credit union loans

Mortgage Information and Criteria

Our CU Home Mortgage is for Principal Private Residence (Family Home) only; we do not provide mortgages for investment/rental properties.

Minimum mortgage amount is €40,000; Maximum amount is based on members affordability. Terms & Conditions apply.

Maximum LTV ratio is 90% for first- time buyers, therefore minimum deposit of 10% of the property purchase price is required.

Maximum LTV for non first- time buyers is 80%, therefore minimum deposit of 20% of the property purchase price is required.

Underwriting is determined by an assessment of ability to repay & previous credit history.

Representative Example

Our CU Home mortgage has a competitive variable interest rate of 3.75% (3.82% variable)

Amount Term APR 300 Monthly Repayments Cost of Loan Total Cost of Borrowing
€150,000 25 years 3.82% €772.77 €81,081 €231,081.91

 

Whether you’re buying (or building) your first home, trading up (or down) or you’re thinking about switching your mortgage, talk to us today.

You can also print out a Mortgage enquiry form and

Monaghan Credit Union Mortgage Enquiry Form

Please Note: Your mortgage application will be processed once all required documents have been submitted.

Helpful Information

MARP Document

Mortgage Privacy Notice

How to apply

How To Apply


If you're planning on buying or building your own home. Give us a call to discuss your options.

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. WARNING - IF YOU DO NOT KEEP UP YOUR REPAYMENTS YOU MAY LOSE YOUR HOME. WARNING - POSSIBLE FLUCTUATIONS IN THE INTEREST RATE COULD AFFECT THE AMOUNT PAYABLE.

If you would like more information please contact us today.

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