Buying guide
Kāinga Ora First Home Partner Scheme explained
Need a hand buying a home? Kāinga Ora may be able to help.
AI summary
The Kāinga Ora First Home Partner Scheme is a shared ownership program for first-home buyers who can service a mortgage but lack a sufficient deposit. Kāinga Ora contributes up to 25% or $200,000 towards a brand new home.
Key eligibility requirements include:
- A minimum 5% deposit
- A household income under $130,000
- Meeting a participating bank's lending criteria
The goal is to buy out Kāinga Ora's share within 15 years. The scheme is currently fully subscribed, but prospective buyers should check for future openings.
What is the First Home Partner Scheme?
To be eligible for First Home Partner you must:
How to apply
Need a hand buying your first home?
The First Home Partner Goals Management Programme
Your obligations as part of the First Home Partner Scheme
A little help can go a long way.
Before you apply
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