First Home Loan
Your Gateway to Home Ownership
Make Home Ownership a Reality with a First Home Loan
Securing your first home doesn't have to be out of reach. A First Home Loan simplifies the process by reducing the deposit requirement, allowing you to focus on finding the perfect home and making it your own.
A First Home Loan is designed to assist first-time home buyers who can manage regular mortgage repayments but struggle to save for a hefty deposit. With the backing of Kāinga Ora, this loan allows you to secure a home with just a 5% deposit, significantly reducing the financial burden typically associated with purchasing your first home.
Lower Deposit Requirement
Only 5% deposit needed, compared to the usual 20%, making home ownership more accessible.
Available Selected Lenders
First Home Loans are offered by select banks and lenders and underwritten by Kāinga Ora – Homes and Communities.
Flexible Usage
Some lenders may allow you to use a First Home Loan to purchase vacant land and build a new home. Check with participating banks or lenders for specific criteria.
What a First Home Loan Covers?
Low Deposit, High Potential
With only a 5% deposit required, you can move into your first home sooner.
Participating Lenders
Access First Home Loans through a network of selected banks and lenders supported by Kāinga Ora.
Building New Opportunities
Some lenders may allow the use of First Home Loans for buying land and building a new home, providing flexibility in your home buying journey.
Financial Accessibility
Designed for those who can afford regular mortgage repayments but struggle to save for a larger deposit.
Community Support
acked by Kāinga Ora – Homes and Communities, ensuring reliable and supportive lending practices.