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 secure a mortgage with just a 5% deposit through the First Home Loan scheme. Backed by Kāinga Ora, this loan helps overcome the standard 20% deposit requirement.
To qualify, you must meet strict criteria, including income caps and residency status. While beneficial, be aware of potentially higher interest rates and fees. Applications are made directly through participating lenders like Westpac and Kiwibank, not Kāinga Ora, so it pays to shop around.
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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