First home buyer special
Get onto the property ladder sooner with an unbeatable interest rate and some extra cash in your wallet.
6.45% p.a. fixed for 24 months + $3,000 cash contribution
Offer available for new lending to First Home Buyers from $250,000. Minimum 20% equity required. Offer also available for Kāinga Ora First Home Loan. This offer is subject to change and could be withdrawn at any time and without notice. Cash contribution terms and conditions apply. |
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First Home Loan eligibility
To be eligible for a Kāinga Ora First Home Loan with Unity, you need to meet the following criteria:
- Be at least 18 years of age
- Be a New Zealand Citizen, Permanent Resident Visa holder, or Resident Visa holder who is ‘ordinarily a resident in New Zealand’.
- Be a first-home buyer, or a previous homeowner in a similar financial position to a first-home buyer
- Have a before-tax income from the last 12 months of:
- $95,000 or less for an individual buyer without dependants; or
- $150,000 or less for an individual buyer with one or more dependants; or
- $150,000 or less (combined) for two or more buyers, regardless of the number of dependants
- Have a minimum deposit that is at least 5% of the purchase price of the home you are interested in buying (inclusive of all savings, grants, first-home withdrawals, and gifts)
- Be purchasing a home for you to live in as your primary place of residence
- Not own any other property or land, this does not include ownership of Māori land
- Be purchasing a property of less than 1 hectare
- Pay a 0.50% Lender’s Mortgage Insurance premium
For more information on Kainga Ora’s First Home loan, visit the Kainga Ora website.
If you don’t think you are eligible for a First Home Loan, you may still qualify for a Home Loan with Unity.
Featured rates
Standard rate 6.99% p.a. 12 months fixed |
Special rate* 6.45% p.a. 24 months fixed |
Standard rate 6.79% p.a. 24 months fixed |
*Offer available for new lending to First Home Buyers from $250,000. Minimum 20% equity required. Offer also available for Kainga Ora First Home Loans. This offer is subject to change and could be withdrawn at any time and without notice.
Special eligibility and lending criteria apply. Fixed interest rates from 6.45% - 7.35% p.a. Floating interest rate of 8.64% p.a. T&Cs and a one-off lenders mortgage insurance premium of 0.5% of total amount borrowed will apply. View rates, fees and T&C’s.