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Finding the deposit for your first home can be a struggle, with most lenders currently requiring a minimum 20% deposit. But with a Welcome Home Loan you only need a 10% deposit which means getting into your first home is that much easier.
Welcome Home Loans are issued by selected banks and other lenders, and underwritten by Housing New Zealand. This allows the lender to provide loans that would otherwise sit outside their lending standards.
There are Welcome Home Loan eligibility criteria as well as the lender's credit criteria.
Have a look at the quick guide to find out how you apply for a Welcome Home Loan.
Choose your preferred lender from this list of participating Welcome Home Loan lenders.
Have a look at how Ben and Toni bought their first home in Christchurch using a Welcome Loan and KiwiSaver.
Ben and Toni have an offer to buy their ﬁrst home accepted as long as they meet the conditions set out in the sale and purchase agreement. The property they’re interested in is a $400,000 existing home in Hoon Hay, Christchurch.