We will introduce you to a bank we work with 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, visit their websites:
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 kiwisaver.govt.nz
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
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
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.