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 First Home Loan scheme, underwritten by Kāinga Ora.
To qualify, you must meet criteria including:
- Income caps (e.g., under $95,000 for a single buyer)
- NZ citizenship or residency
- Intent to live in the home
Applications are made directly to participating lenders like Westpac and Kiwibank, though higher interest rates may apply. Your deposit can be boosted using the First Home Grant 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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