Saturday, 1st March, 2025

  • Home
  • News
  • More homebuyers in Sligo, Leitrim & Donegal eligible for Local Authority Home Loan

More homebuyers in Sligo, Leitrim & Donegal eligible for Local Authority Home Loan

Catherine Gaffney -
More homebuyers in Sligo, Leitrim & Donegal eligible for Local Authority Home Loan

More homebuyers in Sligo, Leitrim and Donegal are now eligible for a Local Authority Home Loan.

 

It's after Housing Minister Darragh O'Brien announced increases to house price and income limits for all local authorities.

 

Advertisement

More single applicants will be able to apply for State backed loan.

 

From March 1st, house price limits for homes in Sligo, Leitrim and Donegal that are eligible for the Local Authority Home Loan will increase by €25,000 from €250,000 to €275,000.

 

Advertisement

Income limits for joint applicants will increase to €85,000 and the income limit for a single applicant in these counties will increase to €70,000.

 

The Local Authority Home Loan was launched in January 2022 as part of Housing for All.

 

It supports creditworthy borrowers who are unable to get finance from commercial banks to buy a home.

 

It can be used for new, second hand or self-build homes.

 

It means those on more moderate incomes are helped by the State to achieve homeownership, a key aim for this Government.

Catherine Gaffney -