Get finance

Published: 14 May 2016

The FirstHome grant of up to $20,000 makes buying one of our selected FirstHome properties more affordable.


However, you will still need to arrange additional finance to buy a FirstHome property and you must have a pre-approved finance letter or certificate before you can apply to Housing New Zealand for the FirstHome grant.



Start with your local bank or lending provider.

Ask them about a home loan and getting pre-approved finance. Let them know you are thinking about buying a FirstHome property as the grant can be used toward your deposit.



Other assistance

You may be able to combine the FirstHome grant with other home ownership assistance initiatives to make buying a FirstHome even more affordable.

KiwiSaver first-home withdrawal and KiwiSaver HomeStart grant – If you have been a contributing member of KiwiSaver for at least three years you may be able to withdraw from your savings to buy a home. You may also be eligible for a KiwiSaver HomeStart grant of up to $5,000.

Welcome Home Loan – If you are eligible to apply for a Welcome Home Loan, you can use this to buy your FirstHome with only a 10% deposit. Because the FirstHome grant is 10% of the purchase price, this may be enough for your deposit.

The FirstHome booklet gives great examples of how you can combine KiwiSaver and/or Welcome Home Loan with the FirstHome grant to buy a FirstHome property of your own.

You can find more information about the KiwiSaver first-home withdrawal, the KiwiSaver HomeStart grant and Welcome Home Loans at KiwiSaver and Welcome Home Loan, or call us on 0508 WELCOME (0508 935 266) to talk about home ownership assistance.

Tenant home ownership programme - Under this programme Housing New Zealand tenants can have the opportunity to purchase the house they live in. Housing New Zealand will determine whether the house is one available for sale and if it is, get a valuation to determine a sale price.

From 1 December 2015 Housing New Zealand tenants who wish to buy the house they are living in, which has been confirmed as being one for sale, can apply for a FirstHome grant. The FirstHome grant is not available in areas where there is high demand for state houses. These areas include Auckland, Wellington City, Christchurch, Hamilton and Tauranga.

You can find out more about the Tenant Home Ownership Programme or calling free on 0508 935 266.

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