First Home Partners is a shared home ownership scheme to help first home buyers whose deposit and the home loan aren’t quite enough to buy a home that meets their needs.
The minimum deposit needed for the First Home Partner scheme is 5%
You purchase your new home together with Kāinga Ora taking a share and the bank provide funding for the balance.
Then later you buy the share back off Kāinga Ora.
My Smarter Guide
My name is James Puah and I’m a financial adviser and a specialist for the First Home Partners shared home ownership scheme.
We created this guide to explain more about what the First Home Partners shared home ownership scheme is, who it is designed to help and how to have the best chance of being approved so you can go ahead and buy your first home.
It shows you the four steps needed to ensure that you get the best results.
This is important as there are only four banks that currently work with Kāinga Ora to offer the First Home Partners shared home ownership scheme.
This guide will explain what you need to know, and I will help you to ensure that the process runs smoothly.
