First Home Loan

With a First Home Loan you only need a 5% deposit which makes getting into your first home that much easier.

A First Home Loan offers the option of two or more borrowers living together, jointly borrowing to purchase a home.

You may be eligible for a First Home Loan if:

• You will be living in the home you purchase
• You have a maximum household income of $95,000 per annum before tax (1 borrower)
• You can have a maximum of household income of $150,000 per annum before tax (2 or more borrowers)
• You have an income of no more than $150,000 (before tax) for an individual buyer who has one or more dependents
• You are a first home buyer

Applying for a First Home Loan is similar to applying for one of our home loans. For more information check out our FAQ's, give us a call or visit Kāinga Ora's website.

You are protected by responsible lending laws. Because of these protections, the recommendations given to you about our home loans are not regulated financial advice.

This means that duties and requirements imposed on people who give financial advice do not apply to these recommendations. This includes a duty to comply with a code of conduct and a requirement to be licensed.