First Home Buyers
Get a pre-approved loan before you start looking.
Know how much you can afford to borrow and how much the bank will be willing to lend you before you set your heart on a home you can't afford.
This will depend on:
- the value of the property you want to buy
- your deposit
- how much you can afford to repay each month.
Having a pre-approved loan shows real estate agents and vendors that you're serious about buying, it can speed up the loan documentation process and it enables you to bid at house auctions.
Most lenders will lend up to 80% of a properties value subject to surplus income being sufficient.
In some circumstances, lenders may lend up to 95% of the property's value. A Low Equity Premium or Lenders Mortgage Insurance will apply and a registered valuer's report may be required.
You may be able to apply for a Low Deposit home loan
Contact us now to find out how much you can borrow
We will help guide you through the whole process of buying your first home.
Do you want to buy a home but don’t think you have enough deposit saved?
Don't just apply to "any" lender - it is often just a waste of time
Talk to us and lets make it work for you.
We have lenders willing to lend you withas little as 5% deposit.
There are a few requirements:
- Proof will be required that the deposit is from genuine savings, sale of an asset or a gift from family
- You will need to have sufficient income to service the loan and have been in employment for last 6 months
- You will need to have a clean credit rating and have little or no short term debt; such as credit cards, hire purchase and car loans.
- Have no dishonour or honour fees on your bank account statements (providing last 6 months history as evidence)
Contact us now so as to start the application process with the right lender - CLICK HERE
EMAIL - This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
Phone - 07 849 9466 (or phone from a landline toll-free 0800 462 469)
House prices in the Waikato have levelled off and this is your chance to buy a home before they start increasing as they are in Auckland. You can buy a $300,000 home for as little as $15,000 deposit. Of course having more deposit is better as it means you have to borrow less.