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 a property with just a 5% deposit through the First Home Loan scheme, underwritten by Kāinga Ora. This helps overcome the standard 20% deposit hurdle.
To qualify, you must meet criteria including income caps (e.g., under $150,000 for a couple) and be a first-time buyer. Note that these loans may have higher interest rates or fees. Your deposit can be supplemented by your KiwiSaver and the First Home Grant. Apply directly to participating lenders.
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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