Home Loans From Westport Credit Union Now Available
A Home Loan from a Westport Credit Union. YES, it’s true. We are delighted to be introducing Home Loan. If you’re thinking of buying, moving or improving your home, call into our Home Loan experts to discover how we can help make it happen.
Your home is probably the most expensive (and STRESSFUL) purchase you’ll ever make. With Westport Credit Union we can help reduce that stress by providing you with the reassurance of dealing with people you know, and who know you.
Westport Credit Union Home Loan Criteria:
- You must be a member of WCU for at least 6 months before submitting a Home Loan application.
- Mortgage is for Principle Private Residence (Family Home) only; we do not provide mortgages for investment/rental properties, holiday homes.
- Min mortgage amount is €80,000; Max Home Loan amount is €350,000. Terms & Conditions Apply.
- Maximum mortgage term is 25 years however Mortgage term cannot exceed members 70th Birthday.
- Max LTV is 90% - 80%, thus Minimum deposit of 10% - 20% of the property purchase price is required pending buyer type. Member must also have enough funds to cover Stamp Duty & Solicitor Fees.
- You must have a good Credit history and your Credit Check must confirm no arrears/missed payments/written off debt etc
- You must be in receipt of a permanent income for a min of 12 months, or if self-employed for at least 2 years. Typically Department of Social Protection payments are not considered,
- You must have a demonstrated repayment capacity through savings or recently cleared lending facilities or rent payable.
Contact us at loans@westportcu.ie for more information and to book an appointment with one of our Home Loan experts. You may be asked to bring along the following:
- Photo identification
- Proof of address
- Evidence of Income
- 6 Months Bank Statements
- Saving account Statements
- PPS Number
For any further Home Loan related information, do not hesitate to contact us on 1850 940 270 or email loans@westportcu.ie
