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 home with a 5% deposit through the Kāinga Ora First Home Loan scheme.
To qualify, you must meet specific criteria, including income caps (e.g., under $95,000 for a single buyer), be a NZ citizen or resident, and intend to live in the property.
Applications are made directly through participating lenders like Westpac and Kiwibank, though higher interest rates may apply. Your deposit can be supplemented by KiwiSaver withdrawals and the First Home Grant.
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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