Question 1

How much deposit do I need?

Accepted Answer

Most banks require 20% without mortgage insurance. The Kāinga Ora First Home Loan allows eligible buyers to purchase with as little as 5% deposit. Some non-bank lenders have flexible low-deposit options.

Question 2

Can I use my KiwiSaver?

Accepted Answer

Yes — if you've been contributing to KiwiSaver for at least 3 years you may be able to withdraw most of your balance (keeping $1,000). You may also qualify for a Kāinga Ora First Home Grant of up to $10,000.

Question 3

What's the income cap for the First Home Loan?

Accepted Answer

For the Kāinga Ora First Home Loan, individual income caps apply (currently $95,000 for a single buyer, $150,000 combined for two or more buyers — confirm current figures with Kāinga Ora as these change).

Question 4

I'm on a work visa — can I buy a home?

Accepted Answer

Some lenders will lend to holders of certain work visas. This depends on visa type, remaining duration, and the lender. We know which lenders on our panel are most accommodating for migrants.

Question 5

Do I need a pre-approval before making offers?

Accepted Answer

Strongly recommended. A pre-approval gives you a realistic budget, makes offers more competitive, and avoids disappointment. We can arrange pre-approvals quickly.

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