🏡 Buy Your First Home with Just 5% Deposit – ASB Joins Kāinga Ora First Home Loan

From 17 Feb 2026, eligible buyers may purchase their first home with a minimum 5% deposit.
If you’ve been saving but feel “just short,” this could be an opportunity to explore.

🌟 Eligibility Highlights
✅ Income limits:

• Single (no children): <$95,000/year
• Two people or families with children: <$150,000/year
  ✅ Minimum 5% deposit required
  ✅ First-time homebuyer & must live in the property
  ✅ NZ citizen, PR, or resident visa holder
  ✅ Majority of deposit must be your own savings

💡 What This Means in Practice
Example: For a $700,000 home, the deposit requirement may drop from $140,000 to $35,000.
⚠️ Important: Banks will still assess income, debt, and repayment capacity before approving a loan.

📞 For more information and to check your options, you can contact BSI Brokers for guidance.