Credit Union Mortgage Dublin: A Guide for 2025 

For years, many people thought credit unions were only for savings accounts or small personal loans. Mortgages by credit unions were not even on the radar, since they were seen as something only the banks could handle. That is no longer true. This shift is part of a bigger story, with credit union lending nationwide on the rise. In June this year, loan books for credit unions across Ireland topped €6bn, showing just how many more people now trust their local credit unions when buying a home.

Today, credit unions across Ireland, including Member First Credit Union (MFCU) in Dublin, offer full mortgage products that compete directly with the banks. We provide the same fixed and variable loans, the same long terms, and the same level of regulation. According to The Journal, Ireland is the seventh most expensive country for mortgages in the eurozone, which makes getting the right advice and support even more important. The difference lies in the way we treat our members.

A credit union mortgage is built on fairness, transparency and community. It gives you a competitive rate with the added reassurance that your repayments stay local.

What is a credit union mortgage in Ireland? 

A credit union mortgage is a home loan provided by your local credit union. It allows you to buy a home, switch from your current lender, or refinance an existing loan. 

• Regulated and safe. Credit union mortgages are approved by the Central Bank of Ireland and follow the same rules as banks. 
• Similar products. First-time buyer, mover, switcher and green mortgages are all available. 
• Member-focused. Credit unions are not-for-profit organisations. This means decisions are made in the interest of members, not shareholders. 

Features of a credit union mortgage at MFCU 

At MFCU, we believe a mortgage is more than just a financial product. It is a long-term partnership. Here is what you can expect: 

Competitive rates 

• Our fixed and variable mortgage rates match those offered by AIB, BOI, PTSB and Avant
• Rates are updated regularly so members always see the latest numbers. 
• You can view current offers on ours mortgage rates page.

Transparent APRC 

• We publish the Annual Percentage Rate of Charge (APRC) for each mortgage. 
• APRC shows the true cost of a mortgage, including fees, not just the headline interest rate. 
• Members can compare fairly with other lenders without hidden surprises. 

Personal service 

• Our advisors are based in Dublin branches, not call centres. 
• You can sit down face to face, ask questions and get real answers. 
• We take time to explain terms in plain English, so you feel confident. 

First-time buyer support 

• We guide members through deposits, Central Bank lending rules and grants. 
• We provide credit union mortgagechecklists for documents, so you know exactly what is needed. 
• Our team is available throughout the process, from approval in principle to drawdown.

As a first-time buyer, you may also be eligible for our Welcome Loan, a reduced interest discount rate designed to make your very first step onto the property ladder that bit easier.

Switcher mortgages 

• Many families save thousands by switching from banks to MFCU. 
• We handle the paperwork step by step, so the process feels simple. 
• We look beyond headline rates and focus on APRC to show real long-term savings. 

Green mortgages 

• Homes with a BER of B3 or higher can qualify for lower “green” mortgage rates. 
• We support members who want to upgrade existing homes to improve energy ratings. 
• Green lending benefits members and reduces long-term running costs. 

Community benefit 

• We sponsor youth programmes and offer scholarships to support future generations. 
• Profits do not go to shareholders but are reinvested into schools, clubs and local projects. 
• Choosing MFCU means your mortgage repayments strengthen your community. 

Why Dublin buyers choose MFCU 

• Your mortgage will likely last 20 to 35 years. That makes choosing the right partner as important as choosing the right house. Dublin families trust MFCU because: 
• We have branches across North Dublin, including Swords, and, Artane, Coolock, Raheny and Donaghmede. 
• We keep terms clear and simple, with no hidden catches. 
• We combine competitive rates with a strong local presence. 
• Our profits stay in Dublin, improving the same neighbourhoods where members live.

FAQs: Credit Union Mortgage Dublin 

Are credit union mortgages safe? 

Yes. They are regulated by the Central Bank of Ireland and follow the same lending rules as banks. 

Do credit unions offer the same mortgages as banks? 

Yes. At MFCU we provide fixed, variable, first-time buyer, mover and switcher mortgages. 

Are credit union mortgage rates competitive? 

Yes. Our rates compare directly with AIB, BOI, PTSB and Avant. The difference is in service and community reinvestment. 

Can I switch my mortgage to a credit union? 

Yes. Many households switch to MFCU and save money. Our team guides you through each step. 

Why choose a credit union over a bank? 

Because you get fair rates, local service and the reassurance that your repayments support your own community. 

Why MFCU is the smart choice for mortgages in Dublin 

A mortgage is more than a loan. It is a partnership that can last decades. With MFCU you get competitive rates, transparent terms and local service from people who know Dublin. 

Check our mortgage rates or try our mortgage calculator to see how much you could borrow.