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What is the Kāinga Ora First Home Partner scheme?

Yes, it sounds too good to be true – but we’ve helped many Kiwis buy their first homes with this scheme, so let’s see if it’s right for you!

As a first-home buyer looking to get onto the property ladder, you might have heard of the Kāinga Ora First Home Partner scheme. It’s a government-backed scheme to help first-home buyers whose deposit and the home loan they qualify for are not quite enough to purchase their brand-new first home.

But what exactly is it?

The Kāinga Ora First Home Partner scheme is a ‘shared equity scheme’, which means Kāinga Ora initially owns a share of the home that you gradually ‘buy out’ over time.

You may be able to borrow up to $200,000 (or 25% of the value of the property, whichever is lower) interest-free for 15 years for use as a deposit to buy your first home.

Borrowers are encouraged to pay this back within 15 years – and they must pay it back within 25 years.

You’ll need to meet certain criteria and the scheme can be used to purchase a brand-new home or an existing property that will be owner-occupied.

If you’re struggling to save the deposit to get into your own home, this could be a game changer.

We’ve already helped buyers buy their first home with the scheme, but it’s not available through all banks, so talk to us first and let’s find out what we can do to help >> 0800 100 300 or