Buying guide
How to get a 5% deposit home loan in NZ
Only got a little deposit saved? This article's for you.
AI summary
Eligible first-home buyers can purchase property with a 5% deposit through the First Home Loan scheme, underwritten by Kāinga Ora.
Key eligibility criteria include income caps (e.g., under $95,000 for a single buyer), NZ residency, and intending to live in the home. Your deposit can be boosted by your KiwiSaver and the First Home Grant.
While beneficial, these loans may have higher interest rates. Apply directly through participating lenders like Westpac and Kiwibank, not Kāinga Ora.
5 percent deposit home loans NZ
Are you eligible for a home loan with a 5% deposit?
Saving a deposit can be challenging for first home buyers.
How to apply for the 5% deposit First Home Loan
The application process
There are several ways to get a deposit together to buy a home/
Getting a deposit together
Getting ready to buy
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