CUMortgages
Your new home for mortgages
For over 60 years, Credit Unions have been offering financial solutions for people all over Ireland. Now, we’re offering a Capped Variable Rate Mortgage, the first of its kind in Ireland, with the personal touch you’ve come to expect from your local Credit Union. This mortgage is by people, for people.
Our Mortgage
We offer a Capped Variable Rate Mortgage, a new mortgage offering in Ireland.
It offers you all the flexibility of a variable rate with the stability of a capped rate for the first 3 years.
Our current rate is 3.85% (APR 3.92%) capped at 4.40% (APRC 4.5%)* for 3 years.
Competitive capped variable interest rate mortgage
A dedicated team to help you throughout the application process.
No penalty for early repayment
Local decision making.
Mortgage with Arklow Credit Union
Mortgage is offered to members of Arklow Credit Union. Not a member? No problem, join today.
We welcome mortgage applications for first time buyers and switchers.
- Minimum mortgage we offer is €75,000.00 and the maximum is €350,000.00. Terms and conditions apply.
- We offer a mortgage for your principal private residence only, a home for you and your family.
- Maximum term of the mortgage is 35 years.
- LTV 80% which means you will require 20% of the property value for the deposit. You will also have to cover stamp duty and solicitors fees.
- Limit of 4 times your annual income applies for first time buyers, 3.5 times for switchers.
- You must be able to demonstrate repayment capacity.
- For joint applications, at least one applicant must be permanently employed and passed the probation period or be self employed for a minimum of 3 years.
- Mortgage protection, life assurance and house insurance will be required.
- Please see Mortgage Checklist for list of required documents.
Check out our loan calculator
See how you can benefit from our CUMortgages.
Maximum Loan Term :
11.07%
11.07%
11.07%
Did you know we offer loan repayment protection? <a href="loans/loan-repayment-protection">Click here for more info</a> This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors.<br>Loans are subject to approval. Terms and Conditions Apply. If you do not meet the agreed repayments your account will fall into arrears. This may affect your ability to access credit in the future. Arklow Credit Union is regulated by the Central Bank of Ireland.
Example: The monthly repayment on a 20-year mortgage with a variable borrowing rate of 3.85% on a mortgage of €100,000 is €598.11 for 240 months. Total amount repayable is €143,545. If interest rates increase to the cap of 4.40%, an additional €29.15 would be payable per month. For this example, Annual Percentage Rate of Charge (APRC) of 3.92% applies and consists of variable borrowing rate of 3.85%. It does not include valuation fees, legal fees, or other third-party charges that may apply. Information correct at 13th May 2025 and subject to change. Lending criteria, terms and conditions apply. Applicants must be over 18 and resident in the Republic of Ireland. Mortgage approval is subject to a satisfactory assessment of suitability and affordability. Arklow Credit Union is regulated by the Central Bank of Ireland. |
WARNING: You should consider the total cost of the mortgage and any applicable incentive included in a mortgage offer. |
WARNING: If you do not keep up your repayments you may lose your home. |
WARNING: Your interest rate may increase and the amount of your mortgage repayments may increase as a result. |
WARNING: If you do not meet the agreed repayments your account will fall into arrears. This may affect your ability to access credit in the future. |
