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 in New Zealand can purchase a property with only a 5% deposit through the First Home Loan scheme, which is underwritten by Kāinga Ora.
To qualify, applicants must meet specific criteria, including income caps (e.g., under $150,000 combined for two buyers) and be a first-time buyer. Be aware of potential downsides like higher interest rates and an upfront fee.
Applications are made directly through participating lenders such as 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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