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Good news for low deposit savers. 5% Deposits for a First Home Buyer are now available.
You may be aware, the Government has just announced extensive changes have been made to Welcome Home Loans offered in conjunction with Housing New Zealand Corporation.
The changes announced by Government, … View moreGood news for low deposit savers. 5% Deposits for a First Home Buyer are now available.
You may be aware, the Government has just announced extensive changes have been made to Welcome Home Loans offered in conjunction with Housing New Zealand Corporation.
The changes announced by Government, which apply from today (October 1), rename Welcome Home Loans to First Home Loans. The new minimum deposit requirement for a First Home Loan* has been reduced to 5%.
These loans will now be supported by Kāinga Ora – Homes and Communities, a newly established entity that replaces Housing New Zealand Corporation’s involvement
From October 1, My Money is considering applications for a First Home Loan with up to 95% of the property purchase price
Our team is excited by the opportunities to help New Zealanders into their first homes and we look forward to helping you with any queries you or your clients might have around this.
Contact us now to discuss this opportunity more www.mymoney.net.nz...
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