The Government recently announced changes to the Welcome Home Loan scheme that came into effect on 1st October 2013. To learn about what these changes are, please visit the Welcome Home Loan website.
With a Welcome Home Loan, you will only need a 10% deposit to purchase your first home.
To work out whether you might be eligible for a Welcome Home Loan, or to find out other ways you could get help as a first home buyer, check out our low deposit page.
Ready to talk? Get in touch and we can help you from here.
A Kiwibank Welcome Home Loan is only available for owner-occupied properties and may not be used to purchase an investment property or for refinancing. You must not already own a home. A minimum deposit of 10% is required. Borrowers may be able to use any KiwiSaver deposit subsidy or KiwiSaver first home withdrawal entitlements to contribute to their deposit. A low equity fee may apply.
Kiwibank (and Welcome Home Loans) lending criteria, terms and conditions, and fees apply.
All banks, including Kiwibank, are subject to the Reserve Bank restrictions on lending over 80% of a property’s value.