First Home Buyers, welcome to our site!!
Here we are happy to provide you with as much support needed to achieve your dream home.
All the stress, leave it to our team. What we provide is peace of mind.
So to begin with, did you know there is some support from the government that can be helpful if you meet the criteria?
First Home Grant – up to $10,000 to put towards a deposit for eligible first home buyers who have been contributing to KiwiSaver for at least three years and the property price below b875k in Auckland (https://www.hud.govt.nz/our-work/first-home-products/)
First Home Loan – reduces the deposit requirement to 5 per cent for eligible first home buyers
Progressive Home Ownership Fund - Progressive home ownership (PHO) can help people into their own homes through arrangements like rent-to-buy, shared ownership or leasehold schemes. Be a first homebuyer and have a household income before tax of no more than $130,000 (https://www.hud.govt.nz/our-work/progressive-home-ownership-fund/)
Kiwibuild - Find the eligibility on the website (https://www.kiwibuild.govt.nz/kiwibuild-eligibility/eligibility-criteria/)
First Home Partner - Shared ownership means that you initially share ownership of the home with a third party who purchases the home with you (in this case Kāinga Ora). You are the majority homeowner and occupier, but we will own a share in the home, that you will buy out over time. Eligibility is being a first home buyer and have a total household income before tax of no more than $130,000 (https://kaingaora.govt.nz/home-ownership/first-home-partner/check-you-are-eligible-for-first-home-partner/)
Banks - not really offers available at the moment
Now that the market is quiet, there are available properties within your budget.
Your first step would be,
1. Saving up the deposit 2. Pre-loan approval 3. Find the right house!!
Just as well as you are looking for one, I myself have been in this boat for the last few years.
I felt like every time I save enough deposit the house prices just sky rocket and never able to save just enough. So, now is the chance if you do have the deposit take advantage of the market and you never know. We will never succeed unless we try!
Let us know if you need any assistance, we are here to make your dreams come true!!