Introducing our Mortgage product to our valued members.

In 2018, credit unions were voted the most highly regarded organisation in Ireland in the Reptrak® Ireland study, so who better to talk to when making one of the most important decisions in your lifetime.

Don’t worry if you are not a member yet….. get in touch with us, and we will help you join.

Please note that at this time, Wexford Credit Union Limited does not offer mortgages for self-builds and buy to lets.

Mortgage Affordability Calculator

Mortgage Affordability Calculator

Applicant 1

Applicant 2


Property Type Private principal residences in the Republic of Ireland.
Maximum Term 35 years
Maximum amount €225,000
Eligibility Includes First Time Buyers and Non-First Time Buyers in full-time employment.  Members must be over 18 and can repay the loan and complete the mortgage by the 70th birthday.

A home loan where a loan made to a member secured by property for the purpose of enabling the member to;

  • Improve or renovate a house on the property that is their principal residence;
  • buy a house already constructed on the property for use as their principal residence; or
  • refinance a loan previously provided for one of the purposes specified above for the same purpose
  • Self builds
Loan to Income 4 times gross earned income for First Time Buyers, 3.5 times gross earned income for Non First Time Buyers – no exceptions
Security First legal charge
Loan to Value (LTV) 90% of all other members (Non-FTB) – no exceptions

90% First Time Buyers (FTB) – no exceptions

Loan to Value (LTV)
Self Build
70% all other members (Non-FTB) – no exceptions

80% First Time Buyers (FTB) – no exceptions

Interest Rate 3.99% for all mortgages.
Life cover The policy is in the (joint) name(s) with the correct balance and term to cover the home loan and assigned to Wexford Credit Union.  Member is liable for this cost.
Home insurance The policy is in the same borrower(s) name(s) as the home loan account for the reinstatement value per the valuation report, with Wexford Credit Union’s interest noted.
Structural report Standard structural report from Wexford Credit Union’s panel of approved surveyors or another mutually agreed surveyor.
Property Valuation A structural report will be required for all properties over 100 years old. Where the member has conducted their own structural report, they must submit a copy of this report to the credit union. Where the member has not conducted their own report the credit union will conduct their own if deemed necessary, but for all properties over 100 years old..
Repayments Payments must be made by direct debit monthly

A Mortgage of €100,000 at a rate of 3.99% (4.06% APR variable) over 20 years with 240 monthly installments; costs €609.15 per month excluding insurance. The total amount to be repaid is €146,195.18. The additional cost per month of a 2% rise in the interest rate of such a Home Loan is €99.



Please note…

The credit union will seek legal advice on all proposed transactions under this category.

In the event the credit union is defrauded, it reserves the right to pursue matters with the appropriate regulatory authority.

In the event the loan term extends past the consumer’s expected retirement age, the credit union will take appropriate account of the adequacy of the member’s likely income and ability to continue to meet obligations under the credit agreement in retirement.

It is the policy of the credit union to pursue defaulting members for repayment of outstanding home loans. The Board authorises the repossession of property that has been held as security against a housing loan after all appropriate resolution processes have been exhausted.


The Borrower is liable to pay the legal fees, costs, and outlay (excluding costs associated with the Lender’s legal investigation of title for the purpose of the legal mortgage and charge) incurred in respect of the loan.

So, what now?

If you would like to speak to our Home Loan officers, you can contact us in any of the following ways:


Call 053 912 3909 and ask to speak to a Home Loan officer

You can also download our Mortgage Checklist, which sets out all the required documents you need to provide to make an application.  Once you have the documents, you can make an appointment to meet a mortgage officer. You can download our Employee Status Report.

If you are considering switching your current mortgage, then our “Six Steps to Mortgage Switching with WCU will give more information on how that would work.

If you are a first-time buyer, don’t forget to check if the Help to Buy Scheme applies to you.

You can find our Home Loan Variable Rate Policy Statement here.

If you’re worried about arrears or potential arrears on your mortgage, please click here.

Warning – This is a variable rate loan: The payment rates on this mortgage may be adjusted from time to time.
Warning – Your home is at risk if you do not keep up repayments on a mortgage or any other loan secured on it.
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.