Mortgage Calculator
35 years

Please note that this calculator only provides an indicative quote and actual repayments may vary.


3.75% Variable
(3.82% APR*)

10 Reasons to Choose

ST. Raphael's Cu

For your Mortgage

no gimmicks

We won’t confuse you with gimmicky discounts. We’re upfront about all our services.

personalised service

You’ll have a dedicated mortgage expert here in the Credit Union guiding you along the process from beginning to end.

Not for Profit

All of our profits are returned to our members. 


We always keep your best interests at heart.


Choose between fortnightly, monthly or even weekly repayments.


No hidden fees or charges.

You won’t be charged anything extra if you decide to pay back early.


Repay by payroll deductions or direct debit.


All of our members are treated the same.

Less volatile

We’re not reliant on external market conditions like banks, we’re funded by members’ savings.


FREE mortgage protection insurance.

St. Raphael’s will pay for a property valuation fee.

The Help to Buy (HTB) incentive is a scheme for first time buyers.  It helps to fund the deposit required to buy or build a new house or apartment for residential use.  It does not cover Investment  Properties

The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) that was paid in Ireland over the previous four years.

To claim you  must:

  • Be a first time Buyer
  • Buy or build a new property between 19/7/2016 and up to 31/1/2021 which is subject to VAT in Ireland and costs less than 500,000
  • Live in the property as your main home for five years after you buy or build it
  • Be tax compliant, if you are self-assessed for tax you must also have tax clearance
  • The mortgage/home loan must be at least 70% of the value of the property

How much can you Claim – The lesser of:

  • €20,000 (increased to €30,000 for enhanced relief*) or 5% of the purchase price of a new home. For self builds this is 5% of the completion value of the property
  • The amount of income tax and dirt you have paid in the four years before the purchase or self-build
  • The maximum payment is €20,000 (increased to €30,000 for enhanced relief*)  and this cap applies regardless of how many people are entering into the contract to buy the house

To qualify you must:

  • Not have previously bought or built a house or apartment, either on your own or jointly  with any other person
  • If you are buying with another person they also must be a first time buyer
  • Have signed a contract to purchase the property after 19/7/2016
  • If you are self-building you must have drawn down the first part of the mortgage on or after that date
  • The contractor you are purchasing from must be approved by Revenue

Read more about the Held to Buy Incentive on Revenue.i.e

The Rebuilding Ireland  Home Loan/Mortgage replaced the old Local Authority Loan/Mortgage and the Home Choice Loan.  It is a government-back mortgage for First Time Buyers.  Loans are offered at reduced interest rate and you can use the funds to buy new and second-hand properties to build a home.  The rates are fixed for the full term of the mortgage.

The Rebuilding Ireland Home Loan has been available nationwide from local authorities since 1/2/2018   


You can borrow up to 90% of the market value of the property you are building or buying .  There are sq. ft / sq. meter maximum limits .  The maximum market value differs depending on where you home is located.  The maximum market value is:

  • €320,000 in Cork, Dublin, Galway, Kildare,  Louth, Meath and Wicklow
  • €250,000 in the rest of the country

You need to prove that you can afford your monthly or weekly mortgage repayment and this must be less than one third of your household income


You must:

  • Be a First Time Buyer (if the application is joint neither applicant can own or have previously owned a property.
  • Be aged between  18 and 70 years old
  • Have been in continuous permanent employment or self-employment for a minimum of 2 years.
  • Provide evidence of refusal or insufficient offers of finance from two financial institutions.
  • Have a gross annual income of €50,000 or less as a single application.   Joint applicants must have a total gross annual income of €75,000 or less
  • Have a satisfactory credit record
  • Have a deposit for at least 10% of the purchase price (if you are eligible for the Help to Buy incentive you can use this towards the purchase)
  • Occupy the property as your normal place of residence.


Two interest rate options are currently available.

  • 2.745 fixed interest rate for up to 25 years
  • 2.995% fixed interest rate for up to 30 yeas

You can apply for the mortgage to local authority in the area where you wish to purchase.  


  • To improve or renovate a house that you currently use as your family home.
  • To buy a new house that you plan to live in as your family home.
  • To clear a mortgage loan with another institution that was used for one of these purposes.

The mortgage cannot be used to finance the purchase of an investment property, to buy lands for development purposes, or for the purchase of a holiday home.

No, under Central Bank guildlines, a house loan can only be used to the 3 purposes set out above. 

The interest rate is 3.75% (3.83% APR*) This is a variable rate of interest and therefore can change at any time. 

Yes, you can apply and we will give you an indicative amount that we can approve you for, subject to lending terms and conditions. However, you cannot drawdown any of the funds until you have formally selected a property and the legal process is nearing completion.

Yes, you must have mortgage protection insurance in order to take out a mortgage/house loan. 

St. Raphael’s provides mortgage protection insurance on all house loans/mortgages to members. This is currently provided on a no cost basis to members.

St. Raphael’s mortgage protection insurance is a policy provided by a third party insurance company for and on behalf of St. Raphael’s Garda Credit Union Limited. It provides limited life cover on mortgages issued by St. Raphael’s subject to terms and conditions and exclusions of the policy. The cover is held by St. Raphael’s Garda Credit Union and not by you.  It is a block policy rather than on an individual basis and therefore is NOT tailored to your needs. It remains your responsibility to ensure you have sufficient mortgage protection/life cover to meet your needs.

If you already have life cover and are considering moving your mortgage to St. Raphael’s, it is important that you get independent financial advice before cancelling any existing life cover you may have in place. The credit union cover will be provided free of charge even if you have additional cover, but it is important to be aware that it can be costly and difficult to get life cover as you get older. Therefore, it is not always advisable to cancel an existing policy.

Yes, you will have to have building insurance which covers you for loss or damage of the property due to fire, flood, subsidence, storms etc

Yes, the credit union will also require an independent valuation on your property. The credit union will instruct a valuer that is member of the Institute of Professional Auctioneers & Valuers and can meet the necessary standards as set out by The Central Bank. St. Raphael’s will cover the cost of one property valuation. 

A structural survey may also be required.

You can apply in a number of ways by talking to any one of our team of mortgage experts who will guide you through the application.

  • By phone – call our offices on 0818 247 365
  • Call in – to our offices at 1-2 Fox & Geese, Naas Road, Dublin 22 or to our office in Templemore
  • Online – by emailing

This can vary from application to application. 

 All applications are assessed on an affordability basis and you must be able to prove that you have capacity to repay the loan.

  • 3 up-to-date payslips. If you are self-employed you will need to provide 3 years of up-to-date audited or certified accounts.
  • 6 months’ up-to-date bank statements.
  • If you are switching your mortgage you will be asked to provide an up to date mortgage statement from your current mortgage provider.
  • Other documentation may be required. 

All members over the age of 18 can apply for a loan with St. Raphael’s. 

The content of this web-page does not constitute financial advice and is provided for general information purposes only.

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.

Other Information

Lending criteria, terms and conditions apply. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security and Insurance are required. A typical €250,000 twenty-five year loan with a variable interest rate of 3.75% and 3.82% APR (Annual Percentage Rate), where the APR does not vary during the term, would have monthly repayments of €1,285.33 and the total cost of credit (the total amount repayable less the amount of the loan) would be €135,598.40.