Funding Tools

Banks

Specialist mobile mortgage managers can help you to arrange your mortgage for our shared ownership programme.

We will introduce you to a bank we work with (ASB, SBS, BNZ, Westpac and Kiwibank), and a mobile mortgage manager will meet with you. To test what you can borrow, we suggest you use the banks’ mortgage calculators and if you want more information on their mortgage lending terms and conditions, you can visit their websites.

Kiwisaver

First home buyers can use their KiwiSaver contributions as a deposit for a house.

You can withdraw some or all of your KiwiSaver savings (except for the $1,000 kick-start and member tax credit) to put towards buying your first home. You need to have been a KiwiSaver member for three or more years and you can only withdraw money to buy your first home. For more information, go to ird.govt.nz/kiwisaver

First Home Grant

If you’re a first-time home buyer, or a previous homeowner and you’ve been making regular KiwiSaver contributions for 3 – 5 years, you may be eligible for a First Home Grant of up to $10,000.

To apply for pre-approval, you need to complete the First Home Grant application, including documents that show your income and KiwiSaver contributions, at kaingaora.govt.nz

Budgeting Advice

Looking for help with budgeting and managing your finances?

The New Zealand Federation of Family Budgeting Services can help you with this. Their service is free and confidential. Housing Foundation can introduce you to an office near your workplace or home, or you can find out more at familybudgeting.org.nz

‘Sorted’ offers New Zealanders free, impartial information and calculators to help manage money throughout life. Read our guides or use free online tools by sorted.org.nz

Welcome Home Loans

Have a 10% deposit already?

If you think you could have 10% deposit for a house (from Kiwisaver, the First Home Buyer Grant, a gift from family or savings), then a Welcome Home Loan could be for you.

With a Welcome Home Loan pre-approval you can buy a new house of your choice instead of through New Zealand Housing Foundation welcomehomeloan.co.nz