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, which is underwritten by Kāinga Ora.
Strict criteria apply, including income caps and the requirement to live in the home. While this lowers the deposit barrier, borrowers may face higher interest rates and fees.
Your deposit can be supplemented with your KiwiSaver and the First Home Grant. Apply directly through participating lenders like 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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