We will set out below the two easy steps to apply for the first home scheme.
First step – Get mortgage approval so provide us with some initial information and we can help you through every step and our service is Free – Start now with doddl
How do I know if I am eligible for the first home scheme?
Second step – Apply for an Eligibility cert via the first home scheme application portal – First Home Scheme
How to apply for the first home scheme –
- Upload approval letter
- Complete AML check
- Complete online application
If approved your Eligibility cert will be issued to your email account within 2-3 days.
You do not have to be sale agreed on a property but you do need to include a new development of interest in your application for eligibility.
If you don’t secure a property in this development you can still use the cert to house hunt in other developments in the same local authority area.
Once you find a house what are the next steps in the first home scheme process?
If you put a deposit on a house in the development that is stated on your eligibility cert then you should provide the first home scheme eligibility cert to your mortgage lender to finalise approval, confirm deposit source etc.
If the house is not in the development that is stated on your eligibility cert you will need to go back to your account on the first home scheme portal and update your eligibility cert. You can then provide the update cert to your mortgage lender.
Your mortgage lender will then issue you with a mortgage loan offer which you must upload to the customer portal – at doddl we will help secure your loan offer
FHS will carry out a final assessment checking mortgage loan offer, property address, checking amounts on loan offer and eligibility cert agree
When checks are complete a contract will be issued by the FHS to you as customer and also to your solicitor
Funds will then be issued to your solicitor at time of property purchase. Your solicitor will finalise the FHS contract in parallel with the mortgage process.
Your mortgage advisor at doddl can provide you with all the information you need and explain all the step to apply for the first home scheme.
A frequently asked question is – Can the first home scheme and help to buy scheme be used to purchase a home?
The first home scheme and the help to buy scheme can be used by first time buyers to purchase a new home.
What is the help to buy scheme?
The help to buy scheme is a rebate of prior tax paid. It can be up to 10% of the purchase price of the property capped at €30,000.
The help to buy scheme can be used in conjunction with the first home scheme, the max available under the first home scheme if used with the help to buy scheme is 20% of the purchase price. If the help to buy scheme is not being used then the first home scheme can contribute up to 30% of the purchase price of a home.
The average amount drawn under the first home scheme is €70,000.
For full information and to apply please get in contact with us at doddl or to register for the first home scheme (which you can do before you have approval – please see First Home (firsthomescheme.ie)
Why use doddl to get your mortgage approval?
Dedicated mortgage advisor to answer all your questions and support you through the house hunting process
Working with all major lenders so we can provide you with lowest market rates, cashback offers, Green rates
We do not charge a fee for our service, our service is Free, we get paid by the bank you choose to take your mortgage with an importantly it is the same payment we receive regardless of the bank ensuring no preference re lender or rate. Our priority is to secure the best rate for your circumstances.