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 just a 5% deposit through the Kāinga Ora First Home Loan scheme, bypassing the standard 20% requirement.
To qualify, you must meet criteria including income caps (e.g., under $150k for couples) and plan to live in the home. Note that lenders may charge higher interest rates and fees.
Applications are made directly to participating lenders like Westpac and Kiwibank. Your deposit can include savings, gifts, and KiwiSaver funds.
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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