Rent, Buy or Own
Home loans - Overview
We offer a range of home ownership services to help people on low to moderate incomes become home owners.
For many people, the biggest obstacle to owning their own home is saving the deposit. We support Welcome Home Loans, designed for people who can afford mortgage repayments but have little or no deposit.
We also offer:
- loans for home improvements
- low deposit home loans to people in many rural areas
- Papakainga loans to people who are building or buying a house on Māori land owned by a group of people
- Group Self Build, for people who want to build their homes as part of a whanau group.
- home ownership education workshops.
Government support for first home buyers - KiwiSaver:
The Government's voluntary savings initiative, KiwiSaver, will also help first home buyers save for a deposit. People who have been saving through KiwiSaver for at least three years may be entitled to a one-off deposit subsidy towards their first home.
The first deposit subsidies will be paid out in 2010 to people who started KiwiSaver contributions in 2007.
