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Turn to Housing New Zealand when you are looking for a home loan with a difference

Housing New Zealand makes homeownership more easily accessible to individuals and families that do not have sufficient savings to pay the deposit required by lenders.

Housing New Zealand in Auckland offers home loans exactly the way you like it. They make the process less demanding for you when moving into your dream home.

Housing New Zealand's home loans are offered by moneylenders, maintained by Housing New Zealand, and intended for first home buyers. As they can easily afford to make general repayments on a home loan, yet experience difficulty with giving surety or collateral as a security measure.

Requirements for a home loan NZ

To qualify for one of Housing New Zealand's home loans, you do not need huge savings in your bank account. Only a 10% deposit will be needed to ensure you meet the standard home loan requirements. Terms and conditions apply, which they will discuss in full detail with you once you decide on how much you need to borrow for your new house.

Credit limits - The greatest sum you can borrow with a Home Loan from Housing New Zealand relies on the district you are purchasing in. Every district has a limit to the value of its dwellings. The greatest advantage for an area is the house value as well as the 10 percent of your savings amount.

New Zealand's house value limits are

• Auckland – $550,000
• Hamilton City, Tauranga City, Western Bay of Plenty District, Kapiti Coast District, Porirua City, Upper Hutt City, Hutt City, Wellington City, Nelson City, Tasman District, Waimakariri District, Christchurch City, Selwyn District, Queenstown Lakes District – $450,000
• Rest of New Zealand – $350,000.

To qualify for a Home Loan from Housing New Zealand your consolidated family unit wage throughout the previous 12 months would need to be no less than $80,000 on the off chance that you are the sole borrower. In the event that you are joining forces with one or more borrowers to purchase a house, then you can have a consolidated salary of up to $120,000.

Call Housing New Zealand today, let them set up some beneficial and valuable options for you as well as assist you with all the inquiries you have and allow them to get you the home you have always wanted. Now you can apply for a loan online or contact them to discuss more details regarding their home loans and mortgage rates.