Welcome Home Loan

A Welcome Home Loan is a helping hand for first home buyers who don’t have a 20% deposit.  They are offered by specific lenders and require certain criteria, mainly house price caps and household income caps.

Welcome Home Loan Price Caps

Welcome Home Loans restrict the price you are able to purchase a house for depending on the region you are buying in.

The price caps are as follows:


House price cap for existing/older properties

House price cap for new properties

Auckland, Queenstown Lakes District$600,000$650,000
Hamilton City, Tauranga City, Western Bay of Plenty District, Kapiti Coast District, Porirua City, Upper Hutt City, Hutt City, Wellington City, Tasman District, Nelson City, Waimakariri District, Christchurch City, Selwyn District$500,000$550,000
Rest of New Zealand$400,000$500,000


Welcome Home Loan Income Caps

The income caps for being eligible for a Welcome Home Loan are:

Single Borrower: $85,000 combined household income in the last 12 months.

Two Or More Borrowers: $130,000 combined household income in the last 12 months.


Get some help  with your Welcome Home Loan

Our advisors can help you prepare and submit your Welcome Home Loan.  For help, please complete the below form.

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