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. This loan is underwritten by Kāinga Ora but you must apply directly through participating lenders like Westpac or Kiwibank.
To qualify, you must meet specific income and citizenship criteria. Be aware that these loans may have higher interest rates or fees. Your deposit can be supplemented using your KiwiSaver withdrawal, the First Home Grant, and gifted money.
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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