Financing Options for Move-In Ready Homes in New Zealand
                     Financing Your Move-In 
Ready Home in New 
Zealand
Discover the path to effortless homeownership. 
Move-in ready homes offer convenience and immediate comfort, 
bypassing the complexities of building from scratch.
Understanding Your Financing Options
Navigating home finance can be complex, but understanding your options is key. Your ideal choice depends on your 
deposit, income, and eligibility for assistance.
Traditional Home Loans First Home Buyer Fixed vs. Floating Rates
Packages
The most common path for Key decision influencing your 
purchasing a completed home. Government support and loan repayment structure.
schemes for new homeowners.
Traditional Home Loans: The Foundation
Traditional home loans are the cornerstone of financing for move-in 
ready properties in New Zealand. Banks and lenders offer diverse 
products to suit various financial situations.
Deposit: Typically 10-20% of the purchase price.
Repayment Terms: Often 25-30 years.
Rate Options: Fixed, floating, or a combination.
Eligibility: May qualify for first home buyer schemes.
Remember to utilize a reliable home loan calculator to estimate repayments and compare structures.
First Home Buyer Advantage
For first-time buyers, New Zealand offers valuable government initiatives to ease the financial burden of homeownership.
First Home Grant First Home Loan KiwiSaver Withdrawals
Up to $10,000 for individuals, or Government-backed loans Access your KiwiSaver funds for 
$20,000 for couples, helping boost allowing deposits as low as 5%, your deposit, subject to eligibility 
your deposit. making homeownership more criteria.
accessible.
Fixed vs. Floating Rates: A Critical Choice
Deciding between fixed and floating interest rates profoundly impacts your home loan repayments.
Fixed Rates Floating Rates
Predictability: Locked-in rate for a set period (e.g., 1- Flexibility: Rates move with the market, offering 
5 years). potential savings.
Stability: Consistent repayments, shielded from Payments: Freedom for lump-sum or early repayments.
market shifts. Market Sensitive: Can benefit if rates drop, or 
Budgeting: Easier to plan finances long-term. increase if rates rise.
Many borrowers opt for a split loan, combining both fixed and floating components for balanced security and flexibility.
Your Essential Tool: The Home Loan Calculator
Before engaging with lenders, empower yourself with an online home loan calculator. These free tools provide invaluable insights.
1 2 3
Estimate Repayments Interest Impact Compare Structures
Calculate weekly, fortnightly, or Understand how varying interest Visualize different loan terms 
monthly payments across rates influence your long-term and structures to find your best 
different loan terms. costs. fit.
Tips for Securing Finance 
Faster
Streamline your path to homeownership with these strategic steps.
Increase Your Deposit: Aim for 20% to secure better interest 
rates and avoid Lender’s Mortgage Insurance (LMI).
Monitor Your Credit Score: Lenders assess your credit history; 
ensure it's in good standing.
Reduce Existing Debts: Pay off credit cards or car loans to 
enhance your borrowing capacity.
Get Pre-Approval: A pre-approved loan demonstrates serious 
intent to sellers and accelerates the buying process.
Your Dream Home Awaits
Financing a move-in ready home is a streamlined path to ownership, offering predictability and peace of mind.
At Bennett Homes, we partner with trusted financial professionals to simplify your home loan journey, 
complementing our high-quality move-in ready homes across New Zealand.