Welcome Home Loans

.. are designed to help you get into that first home and on the property ladder.
Welcome Home Loans

Depending on your situation, a Welcome Home Loan could allow you to get into your first home with as little as 10% deposit ( Most lenders currently require a minimum 20 % deposit)

Options and Eligibility are:

  • you are buying your first home
  • you only have a 10% deposit (can use combined deposit ie; Kiwi Saver, Housing NZ Subsidy and cash savings / or family gift)
  • you'll live in the home you are buying (ie; is not for rental / investment properties)
  • you are a permanent New Zealand resident or New Zealand citizen
  • you have an 'acceptable credit history'

  • Income Caps
    your annual household income before tax is below $85,000 (gross income ) for one borrower, or is below $130,000 for two or more borrowers ( These caps are based on income earned in the previous 12 month period before tax)

    NOTE: You can pool together with other buyers - but the maximum income cap of $130,000 remains the same

    Regional Pricing Caps read on
click here

Change to Welcome Home Loans from 1 August 2016...for more information.click here

  • '2nd chance home buyers'... read on

  • back to New to Property

    Portable Document Format (PDF)Mortgage Types (581kb)
    Portable Document Format (PDF)Changes-to-KS-Homestart-Factsheet - AUG 2016 (41kb)

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