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 NZ can purchase a property with a 5% deposit using the First Home Loan scheme, underwritten by Kāinga Ora.
This loan helps buyers who don't have the standard 20% deposit. Key eligibility criteria include:
- Income caps (e.g., under $95,000 for a single buyer)
- NZ citizenship or permanent residency
- The property must be your main home
Applications are made through participating lenders like Westpac and Kiwibank, but may involve higher interest rates or fees.
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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