"Welcome Home Loans are for people who do not have a deposit or who only have a small deposit. It is a Government supported initiative to make access to home ownership finance easier for modest income New Zealanders. It is to help people who can afford to repay a home loan but have trouble saving for a deposit." - welcomehomeloan.co.nz.
"Owning your own home just got a lot easier. With a Welcome Home Loan, your dream of owning your own home is now one big step closer. You can: Borrow up to $200,000 with absolutely no deposit." - welcomehomeloan.co.nz.
With NO DEPOSIT
With 15% Deposit
* Subject to location within New Zealand.
Your next stop is the official website www.welcomehomeloan.co.nz. Here you can check your eligibility, find a list of lending providers and work out your repayments under the scheme.