First Home Loan

With a First home loan, you only need a 5% deposit, which makes getting into your first home just that little bit easier. First home loans are issued by selected banks and other lenders and are backed up by Housing New Zealand.

To be eligible:

 

  • You need to earn under the yearly income cap.
  • You need a minimum deposit of 5%
  • You must be a first home buyer or a previous home owner, in a similar financial position to a typical first home buyer.
  • You must be an NZ citizen or resident of New Zealand.