First Home Loan
A First Home Loan (previously known as a Welcome Home Loan) could get you into your first home with just a 5% deposit.
Some or all of your deposit can be gifted by a family member.
You can choose how to structure your loan – with a fixed rate, a variable rate an offset mortgage, or a combo of them.
Kāinga Whenua — home ownership on Māori land
Tena koutou e te iwi. The Kāinga Whenua loan scheme is an initiative between Kiwibank and Kāinga Ora to help Māori achieve home ownership on papakainga.
The name Kāinga Whenua combines the concepts of home or homestead (kāinga) and connection to ancestral Maori owned lands (whenua/ahikaa).
Kāinga Whenua supports ahikaa and haukainga to help address whānau papakainga housing aspirations and can be used to build, buy, renovate, repair or relocate a house on to your whenua Māori.
How it works
- If you’re applying as an individual, you have to have a right to live on multiple-owned Māori land (ie you hold a licence to occupy)
- A Kāinga Whenua loan is only secured against the house, not against the house and land as is usually the case with home loans.
- You may be able to borrow up to $200,000 with no deposit
- In some circumstances you may be able to borrow more than $200,000
- Kiwibank’s standard lending criteria apply.