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5% First Home Loan eligibility calculator

The Kāinga Ora First Home Loan lets you buy with a 5% deposit instead of 20%. Check whether you'd meet the rules — enter your real numbers.

Still searching for "Welcome Home Loan"? That's the old name — the scheme was renamed the First Home Loan back in 2019. Same low-deposit idea, same Kāinga Ora backing, just a different name today.

The Kāinga Ora First Home Loan lets you buy with a 5% deposit instead of 20%. Check whether you'd meet the rules — enter your real numbers.

Buyers on the loan Combined income (before tax, $/yr) Deposit you have ($) Target home price ($)

I'm a first home buyer (or approved "second chance" buyer) I'll live in the home (not rent it out) I have one or more dependants (raises a sole buyer's income cap to $150,000)

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Not financial advice. Estimates only, for general information. Kāinga Ora First Home Loan eligibility is confirmed by an approved lender, not by this tool. Always confirm with a licensed mortgage adviser or lender.

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