Buying a home for the first time in Ireland can feel like a daunting challenge. Between rising property prices and strict lending rules, many potential homeowners find themselves stuck in the rental cycle. Fortunately, the Irish government has introduced several government support schemes to help bridge the gap and make homeownership more accessible.
Whether you’re struggling to save a deposit, qualify for a mortgage, or simply need more information, this guide covers everything you need to know about the government housing schemes in Ireland and how they can support your journey toward owning your first home.
What Is a Government Support Scheme?
A government support scheme is an initiative set up by the state to provide financial assistance or incentives to specific groups of people. In the housing sector, these schemes are designed to help first-time buyers and others with moderate incomes buy a property they might otherwise not afford.
These schemes aim to:
- Reduce financial barriers to homeownership
- Expand access to new-build properties
- Support sustainable lending practices
- Encourage long-term housing stability
For first-time buyers, they represent real opportunities to get a foot on the property ladder with the help of state-backed support.
Why These Schemes Matter Now More Than Ever
With the cost of buying property steadily increasing, many people in Ireland are finding it more difficult to qualify for a mortgage or save enough for a deposit. That’s where support for first-time home buyers in Ireland becomes vital.
Government housing schemes help by:
- Offering tax rebates
- Providing shared equity arrangements
- Delivering discounted purchase prices
- Backing low-interest loans through local authorities
These tools make the dream of owning a home more achievable without compromising long-term financial health.
1. Help to Buy (HTB) Scheme
The Help to Buy Scheme is one of the best-known government support schemes in Ireland. It allows eligible first-time buyers to claim a tax rebate of up to €30,000, which can be used as part of the deposit for a newly built home.
Key Benefits
- Covers up to 10 percent of the property’s purchase price
- Works in conjunction with mortgage approval
- Boosts deposit amount without increasing your loan
Eligibility
- You must be a first-time buyer
- The property must be a new build
- The property value must not exceed €500,000
- You must have paid sufficient tax in the past four years
This scheme is especially useful if saving for a deposit has been your biggest obstacle.
2. First Home Scheme
This shared equity government support scheme bridges the affordability gap between your mortgage approval and the price of your chosen property. The government provides up to 30 percent of the cost in return for a stake in your home.
How It Works
- You purchase the home, with the state covering part of the cost
- The government holds a share in your home’s value
- You repay the equity when you sell, remortgage, or buy out the stake
Why It Matters
- No interest or monthly repayments required
- Makes new-build homes more accessible
- Can be used with the Help to Buy Scheme
It’s ideal if your income is stable but your mortgage approval doesn’t cover the full purchase price.
3. Local Authority Affordable Purchase Scheme
This scheme allows you to buy newly built homes from the local council at a reduced price. In exchange, the council retains an equity share equivalent to the discount provided.
Features
- Reduces the upfront cost of buying a home
- The equity share only needs to be repaid when certain conditions are met
- Offers security of ownership with flexible terms
Eligibility
- First-time buyer or qualifying under Fresh Start
- Meet local income thresholds (e.g. €70,000 for couples in Dublin)
- Must live in the property as your primary residence
This is an effective government housing scheme in Ireland for those priced out of the open market but who still have steady incomes and savings.
4. Rebuilding Ireland Home Loan
This government support scheme offers low-cost mortgages through local authorities to those who have been refused loans by commercial banks.
Benefits
- Fixed interest rates below market average
- Repayment terms of up to 30 years
- Designed for working individuals and couples with modest incomes
Requirements
- Be a first-time buyer aged between 18 and 70
- Annual gross income must not exceed €50,000 (single applicant) or €75,000 (joint)
- You must be unable to obtain a mortgage from two lenders
If the private banking route hasn’t worked for you, this scheme could be a lifeline.
How to Buy a House with Government Help in Ireland
When planning to buy a home, many people don’t realise just how many resources are available. Here’s how to take full advantage of government support schemes:
- Review Your Finances
Assess your income, existing savings, and loan eligibility. - Explore Available Schemes
Look into all supports available and understand how they work individually and in combination. - Check Eligibility
Each scheme has its own income limits, property types, and documentation requirements. - Prepare Your Application
Gather essential documents like mortgage approval letters, proof of income, and ID. - Use Trusted Platforms
Sites like FindQo.ie can help you find properties that qualify under government housing schemes in Ireland.
Which Scheme Is Right for You?
Choosing the right scheme depends on your financial situation, location, and long-term goals. Here are a few quick guidelines:
- Struggling to save a deposit?
The Help to Buy Scheme is likely your best bet. - Mortgage falls short of house price?
Combine Help to Buy with the First Home Scheme. - Looking for the lowest possible house price?
The Local Authority Affordable Purchase Scheme might work best. - Declined by banks?
Try the Rebuilding Ireland Home Loan.
Final Thoughts on Government Support for First-Time Buyers
The Irish government has made significant efforts to support those entering the property market for the first time. These government support schemes are not just financial tools; they are stepping stones to long-term stability, equity building, and a sense of security that comes from owning your own home.
By understanding what’s available and planning your journey strategically, you can take advantage of these schemes and realise your goal of homeownership sooner than you think.
Take the First Step with FindQo.ie
At FindQo.ie, we connect buyers with agents and property listings that qualify under Ireland’s key support programmes. Whether you’re just starting out or ready to buy, we provide clarity, guidance, and the right connections to make it happen.
Visit FindQo.ie today to explore homes available under government support schemes and take your first step toward owning a home in Ireland.
