The New Zealand First Home Loan scheme is a government program that helps people buy their first house.
To be eligible for the program, you must:
- Be a citizen or permanent resident of New Zealand
- Have a deposit of at least 5% of the house's price and the government will guarantee the remaining amount
- Buy a house in New Zealand that you will live in as your main home
- Not own any other property in New Zealand or other countries
- Not have received any other government help to buy a house before
- Meet certain income limits based on the location and number of people in your household
- Have a good credit history
- Be over 18 years old
It's important to note that these rules may change, so it's best to check with the government's official website for the most up-to-date information.
It's also important to work with a mortgage broker from the start to make sure you get off on the right track. Reach out to Nigel MortgageMe Hawke's Bay here or below for expert mortgage advice.
Add comment
Comments