The First Home Scheme
The First Home Scheme (FHS) helps first-time buyers and other eligible home buyers with up to 30% of the market value of their newly built home in a private development anywhere in the Republic of Ireland.
- What is the First Home Scheme (FHS)?
The FHS is a shared equity scheme, where the State and participating banks pay up to 30% of the market value of your new home in return for a stake in the home. It aims to bridge the gap for first-time buyers and eligible homebuyers between their deposit and mortgage.
- Get up to 30% of the property purchase price
If you qualify for the FHS and avail of it, the Government and Participating Mortgage Lenders will provide up to 30% of the market value of a new home, in return for the same percentage share in equity in the property.
- Use in conjunction with the Help to Buy Scheme
You can get up to 30% of the market value of your new property with the FHS. This is reduced to 20% if you are also getting the Help to Buy Scheme. The minimum you can get is 2.5% of the property purchase price, or €10,000, whichever is higher.